Saturday, May 16, 2009
Boxes available for only 200K who could resist
First-time homebuyers rush to join bargain hunt
The number of first-time buyers climbing on to the property ladder rose by more than a third in March as bargain hunters returned to the market, figures show.
Posted by holding out @ 10:27 AM (968 views)
5 thoughts on “Boxes available for only 200K who could resist”
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sybil13 says:
Why are they RUSHING? Is anyone expecting property prices to go back up in the next few years let alone months? This week the IPPR and the FSA have both said lending should be capped at 3x’s loan to income to stop another bubble, yet we seem to be doing everything we can to maintain the one we already have. However, despite then RUSHING, one wonders if they will get the finance at the price, aren’t lenders valuing 30% down from peak? Up until yesterday I would have said it didn’t matter how many RUSHED the money just was not there with 2/3rds of lending pre crash coming from the RMBS market. But now it would seem that £150bn was not enough for the BOE and Mr Brown and they are about to start printing money for mortgage lending, which is worrying, The BOE warned Darling not to “stop the housing crash” budget week saying there could be no artificial floor, but it would seem they are determined to build one even if it is only built for a season.
mark says:
Most first time buyers are idiots, or lack property experience or even life experience, thus they are the sheeple and believe anything they are told, they panic buy and often make stupid decisions and live to regret them…. especially now when prices are likely to drop another 30%
taffee says:
average salary is also dropping according to ons to around £23,500,so with the average houseprice at £151,000 its 6 x the average salery which is falling
The mean is 3 x…..p.s. interest rates won’t stay this low!
Dave says:
This is exactly the reason why someone on the Forum wrote to the Times last week, and recieved a denial, and arrogant response, stating that The Times do not Ramp property prices, and do not have a vested interest in talking up the market.
All the other dailys, are running headlines about crashing property, but the Times, once again, tries their slimy self interested Tactics.
peeping tom says:
As usual with the Times, most of the comments at the bottom of the article make more sense than the article itself.