Can the housing market survive...

Really2

Graham_Devon wrote: »

Does it though?

If FTB's cannot afford, and BTL investors are not buying up the FTB market, as we have seen since around 2002, the FTB market just stops.

Graham it is a correction it as happened before it will happen again this is not the last year a house will be purchased or sold.

Lending to FTB is increasing like it or not. I can not see mortgages geting less affordable when the economy is better.

Look at history your answers are there. You seem to think less people are buying than last year. in reality yoy figures will (should) increase from now on.

Graham_Devon

Hehe, it's like playing a game of avoid the question! Hence not seeing chucky, ISTL or stevie anywhere on this thread apart from thanking some of the optimist posts

Really2

Graham_Devon wrote: »

Hehe, it's like playing a game of avoid the question!

Well it is liking is a seal in 1,000,000 will evolve in to dogs. you are talking of an hypothetical future.

I have answered but you don't like it. Believe what you like but if someone answers have the denancy to accept it is there view rather than having some childish winge.

Ps the quote was taken before he added the rest.

pps optomist post !!!!!! if you want some one to brown nose you and say the world is over invite morrisy round and stop posting.

ad9898_3

Can the housing market survive ?, sure, it just be on a completely different level than the bubble years, why can't people just accept that it's over ? Regardless of whether we have any more serious falls or not, the housing market of 2000-2007 has gone, for at least a decade, and possibly more.

The money no longer exists, and if the money is not there, then either prices or transactions, or both will be lower, a lot lower.............. which is exactly what is happening now isn't it ? Forget 80,000 approvals ever happening again for a number of years unless prices fall. It really is that simple.

No money = No HPI, Low transactions, low prices, or a bit of both. End of story.

1echidna

Graham_Devon wrote: »

Does it though?

If FTB's cannot afford, and BTL investors are not buying up the FTB market, as we have seen since around 2002, the FTB market just stops.

Everyone seems to refer to "well FTB's could afford it before, its just they cant get funds now". This is totally untrue. BTL's could afford the FTB properties, and kept that segment of the market going by buying them up and upping the price as more and more investors came to the market.

There are FTBs still just not as many. In a slow market it may be enough. Seems to have been enough for the last few months. Coming months I just don't know how much money the banks will be able to feed to FTBs on good incomes or able to raise good deposits perhaps from family. We had one buy our property and another who put a 'nearly there' bid in. They were both young professional couples with possible help from their families. You are certainly likely to be right though if more distressed sales come through as this would depress the market.

Really2

ad9898 wrote: »

Can the housing market survive ?, sure, it just be on a completely different level than the bubble years, why can't people just accept that it's over ? Regardless of whether we have any more serious falls or not, the housing market of 2000-2007 has gone, for at least a decade, and possibly more.

The money no longer exists, and if the money is not there, then either prices or transactions, or both will be lower, a lot lower.............. which is exactly what is happening now isn't it ? Forget 80,000 approvals ever happening again for a number of years unless prices fall. It really is that simple.

No money.........No HPI. End of story.

At last, I agree with most of that. It will continue and it will be different and transaction levels like 06/07 may never come back.

Now lets log of and pet P!ssed :beer:

Graham_Devon

Really2 wrote: »

Well it is liking is a seal in 1,000,000 will evolve in to dogs. you are talking of an hypothetical future.

I have answered but you don't like it. Believe what you like but if someone answers have the denancy to accept it is there view rather than having some childish winge.

Ps the quote was taken before he added the rest.

pps optomist post !!!!!! if you want some one to brown nose you and say the world is over invite morrisy round and stop posting.

Take a chill pill.

I was having a joke.

You have not answered, it's hardly a hypothetical future, interest rates cant exactly fall or stay where they are. You are quite happy to talk about hypothetical futures when talking about bottoming, but attack me on this one?

Seriously, the hissy fit aint good. I have accepted and discussed answers with other people, it's just you keep "telling me" what I want. Read back, and you keep saying "you want this, you want that, accept this, accept that".

All I'm asking for, is discussion on the thoughts put across.

Mainly, if BTL's aint buying, and FTB's cannot afford (that is NOT hypothetical), and were bottoming very very soon, can the market survive with no one buying the first rung.

It really is that simple and no need to have a coronary when you post

Really2

Graham_Devon wrote: »

Take a chill pill.

You have not answered, it's hardly a hypothetical future, interest rates cant exactly fall or stay where they are. You are quite happy to talk about hypothetical futures when talking about bottoming, but attack me on this one?

Seriously, the hissy fit aint good. I have accepted and discussed answers with other people, it's just you keep "telling me" what I want. Read back, and you keep saying "you want this, you want that, accept this, accept that".

All I'm asking for, is discussion on the thoughts put across.

Mainly, if BTL's aint buying, and FTB's cannot afford (that is NOT hypothetical), and were bottoming very very soon, can the market survive with no one buying the first rung.

It really is that simple and no need to have a coronary when you post

Graham you do my head in. (as in I answer everything to the best to what I think but because it is not somthing you like, like not agreeing with you. you then get childish and say I am avoiding the question.)

I have answered everything I can without donning a gown and pulling a rabbit out of a hat.

Yes base rate will go up but do you believe it will be so disjointed from libor like it is now.

I bet you when base is 4% you can get a fix under 6%.

You seem to think the current disparity will move through unchanged, you have to look at things objectively.

What would you like me to answer but first read every other post i have posted on this thread for my opinion

IveSeenTheLight

Graham_Devon wrote: »

Hehe, it's like playing a game of avoid the question! Hence not seeing chucky, ISTL or stevie anywhere on this thread apart from thanking some of the optimist posts

My head's still hurting from failing to have a reasoned debate with you a few days ago.
I'm staying clear of you now

:wall: doh!

Alan_Cross

Is it just my impression or have all the 'for sale' boards locally suddenly acquired a diagonal 'sold' sticker...?