FTB's End Hibernation, Return To Market...

andykn

doire wrote: »

So this "made up 15%" have never looked at mortgages before?

Please dont tell me you are trying to defend the OP awful post! :eek:

So it's "made up" now?

HAMISH_MCTAVISH

benb76 wrote: »

This is so unfair, let's do an HPC and all go on strike from buying Porsches until they price them at a level that I can afford. We can start a facebook page and everything.

:T

Great post.

Exocet

benb76 wrote: »

This is so unfair, let's do an HPC and all go on strike from buying Porches until they price them at a level that I can afford. We can start a facebook page and everything.

Facebook worked for Rage against the Machine, but maybe a Xmas single doesn't really compare to a sports car for the man who doesn't quite have everything.

fc123

Harry_Powell wrote: »

My parents worked in a time of huge industries (ship building, coal mining, engineering) with large workforces, strong unions and final salary pensions. I work in a time of weak unions, small niche or specialised industries with no final salary pensions. I used to rant about this I decided that it was a waste of my time, and sorted myself out with my own pension. That was then, this is now. Those times won't be returning, they're past.

At some point you have to stop moaning about the unfairness of life and just get on with it. I reached this point last year. Clearly you're still on the road to Damascus.

Same here LBM about 2 years ago I think...was talking about this with my mother and stepfather yesterday as she showed DD the old photo albums and explained who was who and who did what and where they lived and so on.
DD was quite impressed with one of the houses and asked what they did and the conversation just grew from there.
I guess it isn't really unfair, just different.

andykn

fc123 wrote: »

Same here LBM about 2 years ago I think...was talking about this with my mother and stepfather yesterday as she showed DD the old photo albums and explained who was who and who did what and where they lived and so on.
DD was quite impressed with one of the houses and asked what they did and the conversation just grew from there.
I guess it isn't really unfair, just different.

Exactly, after all, someone is living in that house.

Graham_Devon

This is actually quite a useful post. Thanks Hamish.

See this article was from 1993. FTB's returning to the market = good.

The article however was easily mistaken as one from yesterday. Why? They are written the same. Nothing has changed in the way the articles are written, taking micro bits of the economy and making something larger out of them. Much like today, the article was used as an optimistic article. Good news for the housing market.

But we now have history on our side. We can see what actually happened in 1993 and the following years.



House prices fell in real terms for another 3 years, regardless of the buyers returning.

Doesn't tell us anything about today...other than you should be careful in predictions based on market moves today.

Really2

Graham_Devon wrote: »

T

But we now have history on our side. We can see what actually happened in 1993 and the following years.

Doesn't tell us anything about today...other than you should be careful in predictions based on market moves today.

Indeed, but also Q1 1993 was the nominal bottom also.
http://www.mortgageguideuk.co.uk/housing/uk-house-price-index.html

LydiaJ

Graham_Devon wrote: »

This is actually quite a useful post. Thanks Hamish.

See this article was from 1993. FTB's returning to the market = good.

The article however was easily mistaken as one from yesterday. Why? They are written the same. Nothing has changed in the way the articles are written, taking micro bits of the economy and making something larger out of them. Much like today, the article was used as an optimistic article. Good news for the housing market.

But we now have history on our side. We can see what actually happened in 1993 and the following years.



House prices fell in real terms for another 3 years, regardless of the buyers returning.

Doesn't tell us anything about today...other than you should be careful in predictions based on market moves today.

I'm confused. What article was from 1993? The article in Hamish's OP is full of details about the budget changing the stamp duty threshold for FTBs and is very specific to 2010.

lostinrates

I'm trying to end hibernation, lenders don't agree. It seems lending for anything not conventional residential is a bit tough still.

Graham_Devon

LydiaJ wrote: »

I'm confused. What article was from 1993? The article in Hamish's OP is full of details about the budget changing the stamp duty threshold for FTBs and is very specific to 2010.

It's changed now.

It was a 1993 article before. Referring to 1994 etc.

Now it's just the title thats wrong. Says "FTB's come out of hibernation". The article talks about how the FTB COULD come out of hibernation, maybe.