Thursday, July 10, 2008

Cast your vote in Metro’s poll

Poll: Is trying to buy a first home worth the hassle?

Is trying to buy a first home worth the hassle? [1] Yes, it's money well spent - prices will rise eventually [2] No, it is a rip off. The housing market is a joke I'm not suggesting that we deliberately rig the poll; please vote with whichever answer you feel is correct ;-)

Posted by drewster @ 05:00 PM (952 views)
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7 thoughts on “Cast your vote in Metro’s poll

  • Wow, 13% of votes are still f**ked in the head, ……. Thought it was more really!!

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  • This morning’s front-page headline on Metro was pretty clear: “A year’s pay needed for a home deposit”. Metro is one of those papers that people read even if they aren’t interested in news, because it’s free and tends to be lying around on trains, tubes, and trams. Headlines like this must have an effect on public sentiment.

    Incidentally Metro is owned by the same group as Daily Mail, London Evening Standard, and London Lite.

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  • question 1 is very very stupid. I mean well yes they might rise eventually but what you are going to be OK losing money before they do? eh? A better question would be when do you think it would be a good time to buy a house to aviod negative equity?
    1. next month
    2. in the next six months
    3. 12months
    4. 2 years
    5. 5 years
    6. 10 years
    7 20 years
    8 never!

    They should do this poll once every three months and then see what the numbers are. I am guessing we will have a shift towards the higher numbers on my 1-8 scale and at some point we will have a skewed move where most of the people will go for 5 or 10 years plus (thats when – if LTVs are >70% and salary multiples >2.75 and IRs < 6% - it would be ok to get on board.

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  • The “Yays” are down to 7%. HPC Effect?

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  • dohousescrashinthewoods says:

    Yays are down to 6%, Nays are a whopping 94%!

    Only 1 in 20 respondents would buy.

    HPC effect aside, if transactions have halved right now, do we expect them to fall below one tenth before long..?

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  • dohouse…. naah, they’re down because hpc hasn’t really taken hold yet, prices will find their way down to a point that wll allow the market to operate – probably 35-40% off current levels. Take 40% off that deposit and you’ll get some market entrants 🙂

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  • Still 6%… that’s a pretty good showing though. I reckon at least half of those 6% read the question wrong and clicked the wrong button!

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