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Guest Charlie The Tramp

First-time Buyers Crippled By Supply

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Guest Charlie The Tramp
A vast shortage of one-bed, or 'first-rung' properties is adding to the well-documented misery of first-time buyers.

According to a new report, "the whole debate" on first-time buyers entering the property market is based on the assumption that there is a ready supply of property for first-time buyers.

However, property group Hometrack has revealed that 'first-rung' properties account for just 3.1pc of the housing supply in England and Wales - less than 800,000 dwellings.

Meanwhile, 67pc of housing is made up of 'family' homes of three or more bedrooms, with three bed properties accounting for the bulk of supply, at 47pc.

First-time buyers crippled by supply

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Guest casaloco

There is NO SHORTAGE there are plenty of houses they are just all empty, owned by BTL scum.

We need to get the BTLers out of the way so we can be productive.

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Guest casaloco

check out the 500+ available rentals in your local paper (only a %age of total available in you area) and ask yourself... if there a shortage, why are all the placs empty.

Productive people are sleeping on sofas while greedy BTLers have dozensof houses in a desperate bin to get rich quick...

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There is NO SHORTAGE there are plenty of houses they are just all empty, owned by BTL scum.

We need to get the BTLers out of the way so we can be productive.

If a BTLer has empty property, then they are paying 100% of the mortgage if there is one. Seems unsustainable in the long term.

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If a BTLer has empty property, then they are paying 100% of the mortgage if there is one. Seems unsustainable in the long term.

I think much of that is down to an incentive by developers of new builds, of guaranteed rental income for BTLers for the first two years if they can't find a tenant. This discourages them from bothering to find a tenant at all, so the place stays brand new and they still get their rent.

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Guest casaloco
If a BTLer has empty property, then they are paying 100% of the mortgage if there is one. Seems unsustainable in the long term.

Correct... that's why the panic selling amongst BTLers has started.

But tey wont be able to sell, so the properties will stay empty. Lots of empty houses, ripe to be moved into.

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