Sunday, December 23, 2007

Reality Hits the Reality TV Watchers Favourite Paper

FIRST-TIME BUYER CRISIS

Experts at the Halifax warn that 96 per cent of First Time Buyers wanting to buy cannot honestly manage the mortgage payments and RICS follow up at the rear of the article by stating that they will soon be OK because house prices are falling and repossessed homes will be coming on to the market soon and NewLiebor are going to build 3 million new flats (sorry homes) by 2020.

Well thats alright then innit!

Posted by enuii @ 03:13 PM (778 views)
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4 thoughts on “Reality Hits the Reality TV Watchers Favourite Paper

  • it_is_going_with_a_bang says:

    “A spokesman said: “There is huge pent-up demand. If prices drop in the early part of the New Year, many will pounce.” ”

    Is he having a laugh? Why would you ‘pounce’ to buy something worth a small fortune and possibly lose up to 2k a month in deflation.
    A laugh a minute. What’s the matter RICS – not enough valuations to do? …. ah thats a shame.

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  • “Homes [in Henley-on-Thames] cost an average £642,672 – 13 TIMES the average salary of people in the first time buyer bracket.”

    So that means that the average salary of a FTB in H-o-T is over £49,000 per annum. Not bad.

    But it gets better: “The cheapest place to buy is Bootle, Merseyside, where an average house costs £112,689 – 3.4 times the £32,749 a first time buyer earns.”

    Er… £32,749 in Bootle? Where are they getting these numbers from? Are the figures supposed to be local or country-wide? Are they just making numbers up in a frenzy of bearishness? Are they drunk?

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  • Scunnered…

    I should like to know what chemical substances they are taking…

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  • 3 million new homes? Who’s going to build them as the private sector are freezing house building at the moment.

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