Parents want a house price FALL to help their children get on the property ladder

carolt

http://www.dailymail.co.uk/news/article-1314121/Parents-want-house-price-FALL-help-children-property-ladder.html

Just to show that even those with lots of equity WANT falls.

mbga9pgf

I would be more than happy to help them with that!

nearlynew

I am most definitely in that camp.

People who think rising prices will help their kids - through inheritance or MEW- are seriously deluded.


I am happy that prices are continuing to fall.

twadge_face

OK, so the headline is "Parents want a house price FALL to help their children get on the property ladder"

But I like the mid-headline:

.... and it looks like they will get their way

:j:beer::j:beer::j

Further evidence that the press continue to soften up the masses for a slump.

ILW

Quite something when the Mail start saying falling prices may be a good thing.

CLAPTON

lower house prices and lots of mortgages seems like good news for FTB
lower houses but no mortgages available doesn't seem so good

twadge_face

ILW wrote: »

Quite something when the Mail start saying falling prices may be a good thing.

Also reported on in ThisIsMoney so it might feature in the Evening Standard... such a bastion of mega-high prices (even moreso since it went free *ahem* I mean became a massive daily property advert).

http://www.thisismoney.co.uk/mortgages-and-homes/house-prices/article.html?in_article_id=515311&in_page_id=57&expand=true

The_White_Horse

parents want a house price fall to help their kids. when asked if they would lower the asking price for their house they said "not f**king likely son, I know it is two bit semi, I paid 13k for but I want 650k and not a penny less". But think of the children. "are they mine? no? then f**k em!"

des_cartes

CLAPTON wrote: »

lower house prices and lots of mortgages seems like good news for FTB
lower houses but no mortgages available doesn't seem so good

Lower house prices = lower risk for lenders = more mortgages. The reason mortgages are difficult to get is because lenders want large deposits. Why do lenders want large deposits. Because they know house prices must fall. Once house prices have corrected (fallen) this risk diminishes.

silvercar

Parents want lower house prices to help their kids onto the ladder.
Investors want lower house prices to invest in BTL.
FTBs want lower house prices to get on the housing ladder.

Pensioners don't.
Those in neg equity don't.
Those wanting to remortgage with high LTV don't.
Developers/ builders don't.

Take your pick.

Rainmaker_uk

The_White_Horse wrote: »

parents want a house price fall to help their kids. when asked if they would lower the asking price for their house they said "not f**king likely son, I know it is two bit semi, I paid 13k for but I want 650k and not a penny less". But think of the children. "are they mine? no? then f**k em!"

A quality post Sir!