Joseph Rowntree Report States Mortgage costs for first time buyers reached 1990 peak

Gorgeous_George

Part of the problem is that people start families without building a suitable nest first.



GG

F_T_Buyer

Gorgeous_George wrote:

Part of the problem is that people start families without building a suitable nest first.

The start of the problem is that people can't afford a suitable nest first.

richgirl

The Times

House prices in Britain could rise by up to 10 per cent this year, although the South of England will see only a modest if any increase, it is predicted in a report published today by the House Builders' Federation. Even in the South, however, house ...
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That was on 10 APR 1989

12 months later they were DOWN 10% !

All bubbles pop, and there are plenty of reasons why they should not pop, but they do... still................... POP !

adr0ck

lynzpower wrote:

Well, it all depends doesnt it.

I personally would like to see a system in place where people are penalised for having property that is far too big for thier needs. Any more than one spare bedroom, and thats it, it should cost you via taxation.

thats so draconian i love it!!!!!!!!!!

think of those poor old dears who's loved one pops off and then their hit for tax because of it....

sm9ai

adr0ck wrote:

which way will prices go then?

Probably nowhere because where is the money going to come from?

bobalicious

martyn4764 wrote:

Er, they become FTB's?

Hmm. Not many renters would become FTB's if interest rates crept up to 9/10%. Think back to what happened last time around.

Gorgeous_George

Let me guess.

Was there more renters because of the number of people who lost their homes? Were the cheaper houses bought by BTLers and Housing Associations?



GG

scooter100_2

lynzpower wrote:

Well, it all depends doesnt it.

I personally would like to see a system in place where people are penalised for having property that is far too big for thier needs. Any more than one spare bedroom, and thats it, it should cost you via taxation.

I personally would like to see a system in place where people who hold the above views are penalised for having ideas of utter stupidity.Any more than i stupid idea, and thats it, it should cost you via taxation.