Ftb's Are Back!!!!!!!!!!!!!!!!!!

confused31_2

brit1234 wrote: »

Your talking yourself into a dead cat bounce. At the end of the day you can't change the fundamentals.

1. Banks have now rely on savers to lend, they can't sell off mortgage packages off for money now.
2. Low interest rates deter people saving reducing the amount of money banks can lend further.
3. Unemployment and repossessions fast rising.
4. Record debt

There is simply not the money to lend at the banks at todays housing prices. people who buy now will be in negative equity in 6 months.

If i was you i would remove that thing that stuck on all your post's, your becoming a bit of a troll.

Your trying to talk the market down, im not trying to talk anything up im just showing you the hard facts.

the houses havent dropped that much in the area for the last year, so in 6 months if they drop 3.5 % it wont be that much

Cat695

brit1234 wrote: »

Your talking yourself into a dead cat bounce. At the end of the day you can't change the fundamentals.

1. Banks have now rely on savers to lend, they can't sell off mortgage packages off for money now.
2. Low interest rates deter people saving reducing the amount of money banks can lend further.
3. Unemployment and repossessions fast rising.
4. Record debt

There is simply not the money to lend at the banks at todays housing prices. people who buy now will be in negative equity in 6 months.

A nice logical sensible reply thank you brit.....people seem to forget in the last 3 months of 2008 the rise of companies going bust was 220% from the year before........royal mail look to to get rid of 16000 jobs. But because halifax showed one month of price risers according to half the people on here its all over.

Its happened every time......house prices drop.......they rise for a small period.......then drop like a stone. STILL we never learn

hethmar

I should think confused that there are a bunch of people out there who have sold and been renting and are getting back into the market with a big bundle of readies.

confused31_2

hethmar wrote: »

I should think confused that there are a bunch of people out there who have sold and been renting and are getting back into the market with a big bundle of readies.

Maybe most of the properties from the six are first time buyer properties ranging from 99,000 to 145,000.

If they think house sale have gone up in january i suspect februarys sales will be higher.

Some people will not accept the facts that these 6 properies have sold within 4 weeks, they will say oh they will fall through and say other things , i think a lot of it is jealousy.

If people think a house is priced right and they buy it thats up to them, they all cant be making a mistake, because you say they are.

I think the worrying thing is the people who have not got deposits yet and have been planning to buy maybe next year when they have got a decent deposit, they have started to worry, has if first time buyers do come back early they will be left in the same position has they was a few years ago.

hethmar

Yes you may be right, locally there is a 1.5% rise showing in house prices. But it may well be a blip, but enough to start ftbs wondering if this is the time to jump.

ess0two

Brits an accepted troll on here,and most likely will still be saving for another 6 yrs.
The market is moving very,very slightly we aint gonna see mass take up,its just some are quick to rubbish it,hence Brit the 50% falls troll.

hethmar

Im amazed there has been such movement considering the bad news every day now.

confused31_2

hethmar wrote: »

Yes you may be right, locally there is a 1.5% rise showing in house prices. But it may well be a blip, but enough to start ftbs wondering if this is the time to jump.

You know what the english are like they see a que and they need to join it.;)

hethmar

Also, the number of people who have said to me recently - no point in keeping savings in the Bank or BS, may aswell buy a bargain and have bricks and mortar instead.

May be there are a lot of people feeling like that and seeking out properties to rent. The market for rental must surely be getting more difficult as houses are repo'd but I spose the same number of people have to live somewhere. And even if rental is low, its probably more than the less than 1% people are sometimes getting on their savings now.

confused31_2

hethmar wrote: »

May be there are a lot of people feeling like that and seeking out properties to rent.

Dont go down that route:rolleyes: i mentioned that the other day and was jumped on my a load of people.:D