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Debate House Prices
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Just 28% of Middle Class Parents want house prices to fall
HAMISH_MCTAVISH
Posts: 28,592 Forumite
28% of middle-class parents would like house prices to fall lower than their currently depressed levels.
33% want house prices to rise.
34% want house prices to remain the same.
Whereas 82% want the banks to lend at higher LTV ratio's to help first time buyers.
Amazing how different it all looks once you accurately report the results......:cool:
33% want house prices to rise.
34% want house prices to remain the same.
Whereas 82% want the banks to lend at higher LTV ratio's to help first time buyers.
http://www.silversurfertoday.co.uk/News/Story/?storyid=2157&title=1_in_4_middle-class_parents_want_house_prices_to_fall&type=news_featuresA survey commissioned by the National Housing Federation also found that 28% of middle-class parents would like house prices to fall lower than their currently depressed levels, with 34% saying they would like house prices to remain the same.
33% want house prices to increase.
The research also shows that 82% of middle class parents want the banks compelled to do more to help first-time buyers, such as reducing the large deposits now routinely required.
Amazing how different it all looks once you accurately report the results......:cool:
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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MadnessOfHPC wrote: »33% want a rise which makes sense because with increased house values equity can be released to help their children onto that first crucial rung.
"released" :rotfl:
Spoken like a true debt-junkie.
I like it."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
makes sense because they don't want to release what little equity they may have left, and get further into debt, and have to delay their own retirementHAMISH_MCTAVISH wrote: »Whereas 82% want the banks to lend at higher LTV ratio's to help first time buyers.0 -
99% of those middle class parents who read MSE would prefer posts about falling house prices / rising house prices to appear on a quite different forum.0
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Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0 -
HAMISH_MCTAVISH wrote: »33% want house prices to rise.
34% want house prices to remain the same.
Whereas 82% want the banks to lend at higher LTV ratio's to help first time buyers.
These surveys are irrelevant, imo. They really are.
What existing owners "want" for the value of their stock, is determined by the market.
Values are determined by those active in the market (buyers and sellers and prices they are transacting at). Not what existing owners "want" to happen to values.
The market at work is all that matters; with buyers and sellers weighing up all the actual variables in the prices they transact at. With a house the variables include mortgage finance availability, interest rates, government policy (SMI + other rescue schemes, leaning on banks to lend,). A whole host of things.
Yet "want" - when it comes to value discovery, neither here nor there for existing holders of the stock. Nor for would be buyers.
We'll find out, despite the difference of opinion about what the future holds, what market conditions will do for house prices.0 -
It's also funny that the peak is always the "correct" value of the house.
Why didn't people who sold their house say, in 2003, sell their house for 2007 "values" if that was the "right price" and that was what the house was "worth" ?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I thanked the post purely for the increased information compared to carols biased effort.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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