My Homebuy Direct experience

sgh1976

vixarooni wrote: »

Every new build homebuy i have seen has been the worst bit of the development, either the darkest inside, or near a rail way line ect. The part they know they would have great trouble selling. .

I think you are getting confused. The Homebuy homes are any home for sale on the development, I presume you are talking about the plots put aside for "social housing". The Homebuy Direct scheme does not limit which house you can buy.

brit1234

vixarooni wrote: »

Every new build homebuy i have seen has been the worst bit of the development, either the darkest inside, or near a rail way line ect. The part they know they would have great trouble selling.

Working in the building trade and looking as a first time buyer I have seen this to be true also in a large amount of cases. But using marginal land for these properties is about economics, the prime land has to go for the upper end of the market so they can sell at as much cost as possible while the tax payer subsidises the rest.

The other problem is that they can move criminal families into the social block which can have an affect on quality of life. Don't say this isn't true as I have seen it time after time occur.

DVardysShadow

Why do we need ownership schemes when there are so many empty houses?

sgh1976

brit1234 wrote: »

Working in the building trade and looking as a first time buyer I have seen this to be true also in a large amount of cases. But using marginal land for these properties is about economics, the prime land has to go for the upper end of the market so they can sell at as much cost as possible while the tax payer subsidises the rest.

The other problem is that they can move criminal families into the social block which can have an affect on quality of life. Don't say this isn't true as I have seen it time after time occur.

Again HBD is not a social housing scheme. You don't turn up at the site and they say you must pick from these certain houses. You pick from all of them. You are of course limited by your needs. Such as if you are a 1 child family you will only be allowed a 3 bed house, but that will be any 3 bed house you want. Not a block set aside in the corner of the site.

bodgerx

sgh1976 wrote: »

Again HBD is not a social housing scheme. You don't turn up at the site and they say you must pick from these certain houses. You pick from all of them. You are of course limited by your needs. Such as if you are a 1 child family you will only be allowed a 3 bed house, but that will be any 3 bed house you want. Not a block set aside in the corner of the site.

Not always - in a Redrow development near us they had marked on the development those plots they would accept a homebuy sale on.

tb1105

our house was availale to homebuy or the open market, it wasn't a specified homebuy, persimmon are homebuy builders.

Also, we are a couple but appealed against the 2 bed limit and were given a 3 bed grant so we won't need to move for aaages :j

our home is in a great spot on the development, most of the houses overlook each other with a road inbetween them, ours is in a central position over looking a large green

bodgerx

tb1105 wrote: »

our house was availale to homebuy or the open market, it wasn't a specified homebuy, persimmon are homebuy builders.

Also, we are a couple but appealed against the 2 bed limit and were given a 3 bed grant so we won't need to move for aaages :j

our home is in a great spot on the development, most of the houses overlook each other with a road inbetween them, ours is in a central position over looking a large green

On this development you could also buy anything that was marked as accepting a Homebuy as a normal open market sale. I was just saying that, it seems developers do actually restrict what plots they will do a homebuy on with some sites.

DVardysShadow

tb1105 wrote: »

sorry DVS but I think you are obviously a very narrow minded individual who has their own opinion that is obviously always correct, so I am not going to waste any more time with trying to talk to you.

No, don't waste time on me, you have to work to pay off your lords and masters. As for being narrow minded, well I am raining on your parade and obviously, you are sore about it. But I have seen the housing market at work for decades - and I have previously seen this same stage of the housing market, after a boom, when the schemes such as you have bought into are rolled out to maintain houseprices which had shot up to unsustainable levels in the years immediately prior. You are unlikely to be back in 10 years to tell me I was wrong, but I won't take much notice unless you do.

tb1105

we got to go in our house today woohoo!!
Hoping to get the CML go ahead on friday in which case we will be moving in on fri 30th april, bank holiday weekend, perfect!

madeupname1

DVardysShadow wrote: »

I have seen the housing market at work for decades

If you've seen the housing market over decades, you will have seen that the house price trend has been overwhelmingly up. My parents bought their home, a 3 bedroom terrace in south west london zone 3, in 1979 for £16,000. Since then we have had several booms and bust, but at no point as the price dropped to that level or the equivalent level taking into account inflation. Indeed the value of the house as increased 25 times since then, even with the latest crash. I don't think anyone is expecting anything like the same level of house price inflation in the future but personally I think anyone who is expecting a sustained 50 to 60% drop is going to be waiting a long time. Not least because, there is a large pool of people out there waiting for prices to come down so that they can get onto the ladder or invest at a low price.