FTB's "Missing Deal Of A Lifetime"

chucky

Bloo_Loo wrote: »

the easiest way to lose your prudent savings is to us eut and leverage up with temporarily cheap finance...and as volumes are falling and supply is increasing and lending is tightening, my opinion is that the downside risk is pretty large.

remember the debt doesnt decrease along with the house price....

you've been saying the same thing for 5 years on HPC.co.uk but nada, zilch, zero - you've got it wrong time after time. never mind though. chin up.

Bloo_Loo

HAMISH_MCTAVISH wrote: »

Well hello my little chemical toilet..... What brought you over here?

Am I being talked about over on hpc again?

Oh yes, there it is.
http://www.housepricecrash.co.uk/forum/index.php?showtopic=148846

I have mentioned you in despatches...some points you make appeal.

like only the rich will be buying...I think, for a time, you were correct. That will pass though.

Keep well.

Bloo_Loo

chucky wrote: »

you've been saying the same thing for 5 years on HPC.co.uk but nada, zilch, zero - you've got it wrong time after time. never mind though. chin up.

have I? Oh you mean the general gist of the site has.

and of course, its true...leverage can kill you...ask any busted bank that needed a bailout.

Graham_Devon

chucky wrote: »

this forum makes me chuckle at times

these people actually Thanked macaque post even though it's factually incorrect - brilliant

It's not actually. Depends on what research you use.

http://www.independent.co.uk/life-style/house-and-home/property/no-place-like-home-the-generation-who-cant-afford-to-buy-1921781.html

Average first time buyer age now 38.

And from LLoyds official release:
The average age of a FTB has risen from 29 in 2008 to 30 years old in 2009. Recent research has found that increasing numbers of FTBs have been receiving financial assistance to raise funds for a deposit. The latest estimates indicate that around 80% of FTBs are getting such help. The CML estimates* that the average age of those FTBs who have not had financial assistance has risen sharply from around 33 in late 2007 to 36 now.

It's all rising.

HAMISH_MCTAVISH

Bloo_Loo wrote: »

I have mentioned you in despatches...some points you make appeal.

like only the rich will be buying...I think, for a time, you were correct. That will pass though.

We shall see......

In the meantime, I think "the lovely Merryn" said it best, when she wrote.....

we expected desperate sellers to pour out of the woodwork the second we set up our primelocation alert for five bedrooms and a garden.

They didn’t.

I seethed with frustration with Edinburgh’s complacent homeowners and their utter failure to accept the macro-economics of the situation (bank crises lead to credit crunches, which lead to house price falls),

Still..... At least you've all been in good company.:D

Keep well.

You too...:cool:

Henry_P_Chester

Sibley wrote: »

....There may be more houses for sale now but the owners certainly are not taking silly offers no matter what the crashers might want you to believe.

Won't they? You may be interested in this thread from your beloved (:D) HPC forum

http://www.housepricecrash.co.uk/forum/index.php?showtopic=148803

-34% £110k

http://www.rightmove...l?premiumA=true

* Brief Description changed: Situated in a quiet, elevated position enjoying excellent far reaching views, an IMMACULATE 4 2 BEDROOM GEORGIAN STYLE FAMILY HOME with many luxury features. To the front SEMI-DETACHED BUNGALOW south of the A13. Re-furbished throughout and benefits from recently installed fitted kitchen and bathroom with separate shower cubicle. The property is a block paved driveway providing off street parking; enjoys an attractive rear garden with patio area. has also been re-wired, combination boiler (approx 2 years old) Upvc double glazed. Internal viewing advised.
* Price changed: from '£324,995' to '£214,995'
* Subtitle changed: 4 2 bedroom detached semi-detached house
* Title changed: Benfleet, King John Catchment Modern bungalow with no on-ward chain

17 March 2010

* Initial entry found. [Found by n/a]

Plenty more there for you to enjoy.

Sibley if you and McHamish are so worried about your property debts that you need to resort to such desperate ramping you should post on the debt free wannabe forum, I'm sure they could give you some advice.

chucky

Graham_Devon wrote: »

It's not actually. Depends on what research you use.

http://www.independent.co.uk/life-style/house-and-home/property/no-place-like-home-the-generation-who-cant-afford-to-buy-1921781.html

Average first time buyer age now 38.

And from LLoyds official release:
The average age of a FTB has risen from 29 in 2008 to 30 years old in 2009. Recent research has found that increasing numbers of FTBs have been receiving financial assistance to raise funds for a deposit. The latest estimates indicate that around 80% of FTBs are getting such help. The CML estimates* that the average age of those FTBs who have not had financial assistance has risen sharply from around 33 in late 2007 to 36 now.

It's all rising.

i'd rather not take the interpretation of a journalist but get to the source of the info

so as i said the average of an FTB is lower now than it was in 1990... not 2008 as you'd like it to be but 1990 as i said

Table 537 Housing market: distribution of borrowers' ages, by new/other dwellings and type of buyer, United Kingdom, from 1990 
    
    Average
    age
    
First time buyers    
1990    33
1991    31
1992    32
1993    32
1994    32
1995    31
1996    31
1997    32
1998    32
1999    32
2000    33
2001    34
2002    33
2003    31
2004    33
2005    32
2006    31
2007    31
2008    32
[B]2009    32[/B]

and here's for all buyers which has risen

All dwellings    
1990    34
1991    34
1992    34
1993    35
1994    35
1995    35
1996    35
1997    36
1998    35
1999    36
2000    38
2001    38
2002    36
2003    36
2004    38
2005    37
2006    37
2007    37
2008    38
2009    38

http://www.communities.gov.uk/documents/housing/xls/141293.xls

undetterred

http://www.housepricecrash.co.uk/forum/index.php?showtopic=148821&st=15

Have you read some of this crap?life is about decisions/choices,most of which as a person you can influence.

Seems the major gripe over there is being born in the wrong year,or its the children will suffer.

Utter bolx,one life get on with it,make choices/study harder/get a better paid job/cut your cloth to suit the list is endless,even move to a cheaper area.

Its possible as 90% of the population do it,instead of whinging here or at hpc.

HAMISH_MCTAVISH

Henry_P_Chester wrote: »

Plenty more there for you to enjoy.
.

Yes, I particularly enjoyed this one.....

I can't wait any longer - in the light of all of this I am buying myself a pad in Oxford.

Do I believe there will be a crash?

Well I was there in 2003 telling everyone it was f**king crazy and they told me I was.

In 2005 I should have been proved correct but the BoE bottled it.

In 2007 the credit crunchhit and I just waited and saw half of what I thought.

Now I forsee the steady erosion of my savings against inflation and no sign of base rate rises and rising value of sterling.

For the first time ever, I believe that the government can not let houes prices fall more than 10% and in many areas less. rather, they would let them stagnate and no doubt extend mortgages to 40 year terms to make the problems of the day go away.

http://www.housepricecrash.co.uk/newsblog/2010/08/blog-not-a-thing-29757.php

FantomX

What happened to Hamish's signature?