Property market fiasco

Raveboy

amcluesent wrote: »

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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?

I think thats a question you should be asking your local MP or DWP - you will probably get the answer though 'to help the the neediest and poorest from sinking poverty (deep).

I am sure the tesco value bread and baked beans is right up the so called feral brat chav street as you so derogaratotly put it. I mean Heinz, oh no, to up market for chavs!!!

Raveboy

Romani_Ite_Domum wrote: »

Wow Mervyn King has started posting on MSE.

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

time will tell

Raveboy

Ian_Griffiths_Halifax wrote: »

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.

To ones understanding the uk governemnt takes billions of pounds of tax payers money and then turns around and says well if you are a struggling family or are entitled to tax credits etc then hear you are.

although i do hear that labour lays into families and favours broken families because people are then entitled to better income!!!!! so it seems the trick is to have kids then spilt UP and then you qulaify for bigger money handout than if you were a married couple with kids!!! Yes, labour I KNOW, but you the voter put those imbiclies into power.

Raveboy

piefacerecords wrote: »

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.

i was merely highlighting where people taking out mortages have made grave errors and maybe in the future they could learn from their lessons that they should be so quick to take on mortages when they are 65% over priced. What was the rush did someone have a shotgun to their heads and say 'right you little ******** buy this home for over the odds or you are gonna get a lead salad'.

Okay, it might come across as tough love but surely there must be thousands of owners now with negative equity who wont be so quick in future to buy when prices are flame- grilled-superhot. if they buy when hot then you are gonna get burnt - simple. buy when prices are cool. now the prices of homes are cooling off hip-hip-hooray!

obvoisuly, my house buying tips for getting the best possible home at the lowest price is a little bit too late. but you all know for next time now and i am full of tips so keep coming back to me and I hope too save you big, big, money on purchases and things.

anyhow i thought britians economy was helped by house prices but if house prices aree extorinate along with utilies bills, fuel (petrol) and taxes and council tax and groceries now then surely if people had a mortAGE on a home which was after the price crash of homes and price of homes stayed low then people would have a bigger disposable income to use on the high street which in then turn would help economy.

but i am informed peoples consumer confidence is high when prices of homes are high. when peoples home prices are then they are more linekly, in my opinio to get home repossesed.

you catch my drift forum goers?

dad-of-4

Raveboy wrote: »

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!!!!!!!

Gordon wont ever bail out the homeowners, its why his plans so far have done very little to help anyone.

he would however do what he could to help his chums at the banks, dressed up as help for the home owner, afterall the bank owner casts 1 vote thoes with the mortgages cast many. it looks like they are probably no where near as strapped for cash as were led to believe, and they have it stacked so far in their favour its doubtfull they couldnt laugh the current situation off cos they know they win in the end.

Gordon is gona pull of a masterstoke with the housebuilders tho, hes gona bail them out, but you wont hear about how kind he was to them.

we will hear about billions of pounds being given to the housing associations to help the unfortunate poor people who cant afford to buy a house and we will all go ahhhhhh your a nice chap realy gordon, i bet the tories wouldnt look after the poor like you eh? ahhhhhhh.

but they will give it to the struggling housebuilders to bail them out and take over all the overpriced sh1te they cant sell, cos gordon cares about his chums in the housebuilding industry way more than he cares about not for profit social housing or the poor folk of this land. it just looks so much better if you can help your ritch chums, but look like you care about the poor. and its always the way it goes down when the deals are done.

first time buyers cant afford to buy cos prices are to high? yes they are i agree, but its not why they are not buying.

most im sure, would have been nore than happy to buy with a masive income multiplyer no money down and a lie to buy mortguage, afterall houses only go up in value, you cant loose. its just a damn shame the nasty banks have made all thoes products suddenly evaporate, after all the boards have been full of people moaning how hard it is in a rental with an evil pensioner for a landlord, and how all they realy want is there own little house they can call a home and feel nice and secure with their own decoration and furniture. houses are homes not for profit, blah blah blah:rolleyes:

funny how suddenly they dont want them now it seems prices are on the tumble , surely a bit of negative equity is only of concerne to those seeking profit? not thoes who want the security of their own decoration and furniture? they dont need a big crash for any other reason that smug satisfaction of gaining from someones loss.

or maybee it was just a lie?:eek: , and either they dont want a house they wont see a profit from, meaning no shiny new car, holiday, cloths, etc they can "stick on the mortgage" or they are just to damn poor to be able to buy a house and need to quit the moaning and realise that home ownership is not a birth right and entitlement, and accept that they are too poor to buy and its no ones fault but their own!!:o

its worth baring in mind that if the houses halved in price today and people went on mass and gave the keys to the banks, the banks would only need to roughly double their interest rates when they mortgaged these half price houses to see the level of profit they expected to see off the original overpriced keyholders.

do you trust them not to?

geoffky

Its all smoke and mirrors and no new money

ess0two

GDB2222 wrote: »

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?

If i wanted an 'average' house i could pick one up on a local estate for £110k.The fact is i'm in the position to buy something decent in a decent area in my town and as such these are the prices they are selling for.
Incidentally the stuff on the local estate in 2003 was selling for £45k.

dwsjarcmcd

Raveboy wrote: »

obvoisuly, my house buying tips for getting the best possible home at the lowest price is a little bit too late. but you all know for next time now and i am full of tips so keep coming back to me and I hope too save you big, big, money on purchases and things.

you catch my drift forum goers?

Not in the slightest, and I'd rather take 'tips on saving big, big money' from next door neighbours cat than you.

wymondham

dwsjarcmcd wrote: »

Not in the slightest, and I'd rather take 'tips on saving big, big money' from next door neighbours cat than you.

Cats are pretty smart, but this one sounds exceptional!

GDB2222

ess0two wrote: »

If i wanted an 'average' house i could pick one up on a local estate for £110k.The fact is i'm in the position to buy something decent in a decent area in my town and as such these are the prices they are selling for.
Incidentally the stuff on the local estate in 2003 was selling for £45k.

I'm not asking why this house is so expensive. I'm asking why it's more than doubled in price since 2003? That may just be a regional thing, or the particular town, or ... some other reason that it would be prudent to figure out before buying.

You can check how prices have moved in your region here:
http://www.hbosplc.com/economy/HousePriceCalculator.asp