Property market fiasco

Raveboy

First time buyers cant jump on the ladder because house prices despite the recent price reductions. They are heavily overpriced and why should someone have too pay over the odds for a property which is overpriced.

The governemnt should not use tax payers money to rescue the housing market too stop people going into negative equity.

If someone was stupid enough to buy a home 5yrs back or so (yr 2003 approx) with it overpriced by 65% then that i s there own foolish mistake, no one elses.

if the government bails out the mortage payers then it is just protecting foolish people.

I am not in the process of buying a home just yet but when I do I certainly dont like the thought off paying todays over priced vlaues for homes.

In a way it is unfair competition for the home owners (who will benefit) If its a foolish investment they should have too pay the price - thats business. If a business manager screws up with an investment he should have to pay the price - no one else.

Going back too the governements presuure to save housing market by using tax payers money is not fair on the tax payers who cant afford to get onto the hosuing ladder. I could go into much more detail about this and really vent my spleen but sadly I have other pressing matters.

On top off that everyone who is not a home owner could be savings massive amounts of money on mortages if house prices drop 35-50%.

Home owners should NOT be protected by artifically high house prices - it is time they learnt their stupid lesson!!!!!!!!!!! Tough love I know but if some one buys a car for £35k but its realy value is only £20k then its not the car dealers fault but the stupid person who was so easy to part with their cash!!!!!! People who splashed out on crazy priced mortages should pay the price. Obviusouly they did not have money saving skills or a nythin. everyone has heardb of the phrase ' afool and his money are easy parted'

That goes to all those home owners who face negative equity. If awise person saves up money and waits for the houisng market to stabilise or take on more realistic prices then they are probaly not to happy to find out the governemt may bail out fools!!!!!

Any pressing matters.

I am going to have too say it again.... why should the non-home owner tax payers who want to get onto the housing market ladder bail out the home owners when the prices were over priced!!!!

excuse the cliche but at the end of the day anyone who took out a mortage when house prices were overpriced shoould face the music - it was a bad investment -tough louck - learn you lessonm and move on -just dont expect us non home owner tax payers to bail you out. GET STUFFED!!!!!!!!!!! Flippin eck!!!!! Wake up!!

and please ALL home owners reply saying you did not have a choice when you did when you took out the mortage. you just gut sucked in like afool. you could have rented like thousands of other people anmd waited for the prices too cool offf!!!!!!!

Captain_Mainwaring_2

Well I'd kind of agree with your sentiment there, I'm just not sure I'd bother saying so.

Can I have a refund on stamp duty that I paid a few years back and is now exempt?

amcluesent

>why should the non-home owner tax payers who want to get onto the housing market ladder bail out the home owners when the prices were over priced!<

Why should the childless tax-payers who want to start a family bail out the sink-estate chavs with their menagerie of feral brats all fed and watered by the benefits system?

ess0two

I wish i had bought in 2003,the house i'm currently offering on was worth £130k.
Its now on offer at £280k.

Poor rant imho.

GDB2222

ess0two wrote: »

I wish i had bought in 2003,the house i'm currently offering on was worth £130k.
Its now on offer at £280k.

Poor rant imho.

Sorry, the house you are offering on is still over twice its 2003 price? That's not the national average position, so what's so special about this one then?

dwsjarcmcd

To the OP, what are you on about!!
I maybe could have understood the post about a year ago, but why now? Oh, and as a homeowner and tax payer, no-one has had to 'bail' me out of anything, and that is the case for the vast, vast majority of us.

tootiefrooties

Raveboy wrote: »

The governemnt should not use tax payers money to rescue the housing market...if the government bails out the mortage payers...save housing market by using tax payers money is not fair on the tax payers...why should the non-home owner tax payers who want to get onto the housing market ladder bail out the home owners

Wow, the daily mail have let themselves down with this spelling and grammar! I like how you emphasised non home owner tax payers are bailing out home owners. Why not prefix "home owners" with tax payer? Because you are conveniently ignoring the fact that you are not single-handedly supporting the country, and that most people pay their way. This is what tax is for; helping the people who paid it, or weren't able to. Do you actually think that the millennium dome, olympic stadium, ID cards and every other BILLION pound scheme are more worthwhile "tax payers' money" investments than "rescuing the housing market?"

Raveboy wrote: »

If someone was stupid enough to buy a home 5yrs back or so then that i s there own foolish mistake, no one elses.
...
People who splashed out on crazy priced mortages should pay the price. Obviusouly they did not have money saving skills or a nythin. everyone has heardb of the phrase ' afool and his money are easy parted'
...
you could have rented like thousands of other people anmd waited for the prices too cool offf!!!!!!!

You are incredibly ignorant.

As an example, because you clearly have no empathy: my mum got divorced 5 years ago, and her and I rented for a year whilst she found somewhere more permanent to live. She (a mum of 3, two of them still school age), held down 3 jobs to ensure stability and security for her family. And the income of those 3 jobs amounted to take-home pay of only about £10,000. Should she have rented forever? No. Because 60% of her income went on rent, and all the rest on utilities, food etc. I don't believe she should have to hold down 3 jobs into her 80s or 90s to rent, when she could be mortgage free when she's 60 (she turns 40 next year).

To say people who bought 5 years ago should "pay the price" is just spiteful, and shows how nasty you must be. My mum isn't moving in the forseeable future, thankfully, but if she did have to sell up because of family, work or any other situation, then I would feel nothing but sympathy for her and the millions of other people in her situation in the country. She should have "waited for the prices too cool offf!!!!!!!"? Right. It's going to be at least 2 years before prices reach rock bottom. Families should just "wait" for 7 years just in case prices fall?!

I am all for being sensible with money, buying at the right time when possible and being money savvy. But everything you have said is contradictory, spiteful and ignorant. It's great that prices are finally coming down for first time buyers, such as myself, but taking glee in those suffering for it is truly pathetic.

Raveboy

pardon the rather arrogant and spiteful stance as some 'thread contributers' label me but I suppose it is the case off home owners Vs non home owners battle!!!!!!!! and the arguements against government bailing out the not so money savvy lot who rushed into buying a home with blinkers on!!!

sorry I forgot it was crime to jump onto the property ladder as a first time buyer and one of the mainthings holding me back is the shere extorinate prices of homes these days. Many in my opinion are 65% over priced and I am sure many people wanting to get a footing on the ladder too will agree with me. The only way many of us could climb onto the ladder is buy a massive reduction in house price costs.

At the moment the papers (mail) are stating that some home owners may plunge into negative equity and as a result Brown (the timid leader) may be forced to use tax payers money (including taxes which non-home-owners have paid) to help the home owners.

In my opinion if the push comes to the shove then this will just serve to make the transistion from being a non-home owner to being a home owner even harder.

It would also favour the home owners who in my opinion which I dont think is fair.

and if my opinions get a back lash from the forum members then so be it - okay I might be out spoken but someone has to do the dirty work - any way what do you lot think I am the devils advocate?

Ian_Griffiths_Halifax

I could rave on and ask why I as a tax paying home owner, should bail out Council House Tenants who get to buy their house at a discount after living in it for a relatively short period of time? I know of many clients who have bought their house and got a bigger discount than the rent they paid while as a tenant!

As an unmarried, childless person, I could rave on and ask why people with children get Tax Credits, Working Families Tax Credits, Family Allowance etc.

Life is tough.

Running_Horse

The house price forum is thataway. ^^^^^^^^^^^^^^^^^^^^^^

Romani_Ite_Domum

Wow Mervyn King has started posting on MSE.

Own up raveboy it's you isn't it!