Can the housing market survive...

Idiophreak

Graham_Devon wrote: »

Right, well thats what my OP is about

What is going to happen. And what you say would put you off WILL happen.

I thought you were talking fact, not speculation:

Graham_Devon wrote: »

FTB's who didnt buy, now have

I'm an FTB *now*...

did you mean to say

Graham_Devon wrote: »

FTB's who didnt buy, [strike]now[/strike]will have

?

Graham_Devon

Idiophreak wrote: »

I thought you were talking fact, not speculation:



I'm an FTB *now*...

did you mean to say



?

Well I think for the majority, the now still stands

I also included in brackets "some will be able to" or something along those lines as I knew it wouldn't be long until I was picked up on it

abaxas

Really2 wrote: »

But in 25+ years time they will be rent free and could still sell the house.

I think we have to accept there will be some HPI from todays prices in 25 year + time.

Even it there is not and they live to an average age what have they lost seeing they wont be paying rent?

Why do you assume there has to be? Other countries can choose if we come out of our problems, not us.

Thrugelmir

abaxas wrote: »

Why do you assume there has to be? Other countries can choose if we come out of our problems, not us.

and thats if other countries will lend us the money again........

Graham_Devon

I'm worried.

A) There a distint lack of BTL landlords on this thread & my favourite posters.

Theres actually discussion going on.

C) Merthr Tydvil aint been mentioned once.

What's going on!? People stumped!?

Thrugelmir

Graham_Devon wrote: »

I'm worried.

A) There a distint lack of BTL landlords on this thread & my favourite posters.

Theres actually discussion going on.

C) Merthr Tydvil aint been mentioned once.

What's going on!? People stumped!?

The board does seem devoid of large portfolio BTL investors :rolleyes:

Have you seen Romans posting recently? Last I heard he was refinancing ........

bluey890

abaxas wrote: »

Why do you assume there has to be? Other countries can choose if we come out of our problems, not us.

Because
1) the economy is designed to work in an inflationary environment.
2) house prices are in sterling, which the UK can devalue / control.
:):)

ukcarper

You can't assume there will be hpi over the next 25 years but it’s likely. The benefit of owning your own home comes in the long term I shall finished paying my mortgage next year and although my house is probably worth 60k less than it was in 2007 it doesn’t make that much difference to me as I will be living rent free in a house that would cost 1k a month to rent. Of course if I had taken an interest only mortgage I would not be so well off.

Idiophreak

Graham_Devon wrote: »

Well I think for the majority, the now still stands

I also included in brackets "some will be able to" or something along those lines as I knew it wouldn't be long until I was picked up on it

Picked you up on what? Misinformation?

Yeah, only "some" can afford it, sure...But you can't call interest rates at the moment "high", or anything like that.

If interest rates do rise a couple of %, your point will be quite valid, but until then, at present, we have slightly lower house prices and slightly lower interest rates...which makes it quite a favourable time for FTBs?

Graham_Devon

Idiophreak wrote: »

Picked you up on what? Misinformation?

Yeah, only "some" can afford it, sure...But you can't call interest rates at the moment "high", or anything like that.

If interest rates do rise a couple of %, your point will be quite valid, but until then, at present, we have slightly lower house prices and slightly lower interest rates...which makes it quite a favourable time for FTBs?

I think you may have lost the point of the OP

I never, at any point, said interest rates were high now. The "now" you call misinformation, actually stated...

Graham_Devon wrote: »

FTB's who didnt buy, now have naff all interest on any savings they made for deposits (20k saved will get you about 40 quid a month if that), about to be handed a huge tax burden, job prospects are less than they were, and mortgages are increasingly harder to get, more expensive in terms of fees and interest.

Never said interest rates are high now.

In reference to your earlier post where you corrected me with "will be" and this later post, I'm honestly not sure where the confussion is to be honest, or where the misinformation you refer to is, as I thought it was quite clear by what I meant by "now" and "in the future" with the reference to "about to be handed".

However, if I can clear it up anymore as it seems to be confusing you, do let me know

Sorry to be getting so precise, but to be told by the same poster twice I'm misinforming when clearly you just read it wrong got a little annoying