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

Really2

ILW wrote: »

Against around 15-20m who were not.

there are only 11.5m mortgage holders.

So nearly a 3rd of all mortgaged property.

Really2

ILW wrote: »

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I don't thnk you are, many just seem blinded by the idea of how much they are worth.

No I think some on here think it is more down to supply and demand.

I don;t think people buy houses at such prices if they thought there were enough to go round.

Housing is the same as any other market, and the market sets the price.

They are not artificially propped up, they are propped up by demand.

ILW

Really2 wrote: »

there are only 11.5m mortgage holders.

So nearly a 3rd of all mortgaged property.

But not a third of owned property, this item was about homeowners not just mortgage holders.

torontoboy45

carolt wrote: »

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.

thank you.

count me in on this one.

I've got shedloads of equity, which means absolutely nothing to me, having finished the mortgage a while ago and with no inclination to leave my comfortable- place- in- a -nice -area -anytime- soon. (if ever)

my laughably-valued £200k pad should fall to £80k, if only to give my daughter and her generation a half-chance at purchasing a terraced; let's face it: Im not going to benefit from the decade-long hpi stupidity unless I sell up and live in an uzbekistan 1 bed hovel.
I'm frustrated/bored/weary of and by endemic personal greed.
no contradictory reply from hamish yet. strange that.*

* I stand corrected. the obsessive little running-around-in-skirts-throwing-logs-about-the-place-pretend-scot was on the case.

Really2

ILW wrote: »

But not a third of owned property, this item was about homeowners not just mortgage holders.

17.5M owned property.

So 17% of owned property.

ILW

Really2 wrote: »

17.5M owned property.

So 17% of owned property.

So a pretty small minority then, just the point I was making.

ILW

MadnessOfHPC wrote: »

Lower house prices do NOT benefit the children all it benefits are cash rich investors. If we have house price inflation at least the parents are on a par with the investors so can MEW to help their children just as the investor MEWs to support his portfolio. Any other thinking is nonsense especially as now prices stabilise there has never been a better time to buy, especially for FTBers wanting to snap up a bargain.

Good luck kids.

Have you bought a house in the not too distant past and are hoping to get out out of your negative equity soon?

Really2

ILW wrote: »

So a pretty small minority then, just the point I was making.

How do you work out 17% of all homes and 30% of all mortgages to be fairly small???
Well if you compare that to potential buyers, perhaps not.

17% of mortgages going in to NE would have far great economical problems for all, not just the 3M in NE.
So not only a "small minority" would suffer a loss of some kind, their would be job losses etc.

think of 2007/2008 and think of what happened out side house prices.

Oh record under 25YO unemployment, increase that and owning gets further away for a hell of a lot of people.

treliac

HAMISH_MCTAVISH wrote: »

I see you left out the important details, as always.

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So presumably Two Thirds are hoping they rise.:cool:

Or maybe they just think of their property as their home, rather than a money-grabbing investment?

ILW

Really2 wrote: »

How do you work out 17% of all homes and 30% of all mortgages to be fairly small???
Well if you compare that to potential buyers, perhaps not.

17% of mortgages going in to NE would have far great economical problems for all, not just the 3M in NE.
So not only a "small minority" would suffer a loss of some kind, their would be job losses etc.

think of 2007/2008 and think of what happened out side house prices.

Oh record under 25YO unemployment, increase that and owning gets further away for a hell of a lot of people.

Why would that be?

Also that 17% figure assumes all these people bought with no deposit and have paid off very little capital.