Tuesday, Nov 21, 2006

Risk grows for FTBs

BBC website: Risk grows for FTBs

FINALLY!!! BBC allows someone to stop people getting caught in the madness. I already emailed him Julian.Knight@bbc.co.uk and told him well done. Perhaps others might like to. It can be lonely for a contrarian journalist. He responded with thanks and appreciation.

Posted by financial planner @ 02:39 PM (1572 views)
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7 Comments

1. converted lurker said...

I like the ""yeah but no but" bit from that dippy woman who used to only promote co-buying, but now thinks it might not be a good idea...jeezus wept...I'll e-mail him too in relation to his reference to the CML....

Tuesday, November 21, 2006 03:20PM Report Comment
 

2. tyrellcorporation said...

'HSBC has reported a 50% surge in group mortgages during 2006.'

From 4 gangs of idiots to 6 gangs of idiots - all in the space of a year!

Tuesday, November 21, 2006 04:07PM Report Comment
 

3. Teddyboy said...

I find it hard to believe that FTB's have jumped from 28% to 34% I think it was? I thought REAL FTB's was only about 8%?

Tuesday, November 21, 2006 04:12PM Report Comment
 

4. Hickman said...

Booooooooooooooooooooooooooooom Buuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuust cheers

Tuesday, November 21, 2006 04:41PM Report Comment
 

5. sirgoogle said...

I've thanked him for speaking out as well.

Tuesday, November 21, 2006 07:54PM Report Comment
 

6. nearly30 said...

It always baffles me how long it takes journalists to get the message.

The info/data was available for scrutiny back in Sept 2006 in Reforms report 'Class 2006: A lifebelt for the iPOD generation'.

The key bits of interest, in regard to FTBS, were:

Bankruptcies (01/02 to 04/05) +288 per cent (18-29)

Median annual full time earnings (1999 to 2005) +27% (22-29)

Average first time buyer property UK (1999 to 2005) +97% (22-29)

Mortgage Income multiple = 5.2 (1999) to 8.1 (2005)

Membership of pension (Men 25-34) = 91% (1995) 60% (2004)


Pretty weighty piece of reporting if you want a look - check out:

http://www.reform.co.uk/filestore/pdf/Class%20of%202006,%20Reform,%202006.pdf

Tuesday, November 21, 2006 09:30PM Report Comment
 

7. nearly30 said...

Something weird on the article posting front - scumbag seems to have made a lot of reference to the Reform article.

Didn't know he had - so apologies for repeating.

Although - slightly irritated by the scattergun approach to posting at the moment.

I apologise if I do the same - will reign in the urge.

Too much posting - with MASSIVE text 'synopsise' is getting really irritating - think we need some etiquette on this forum.

I will start with my own attitude to posting.

All the best.

Tuesday, November 21, 2006 10:52PM Report Comment
 

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