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Debate House Prices
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FTBs, make your voice heard. Would YOU prefer lower prices/rates/laxer mortgage rules
Comments
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A return to lax mortgage lending?I thought you were off?
Anyway, what wording would you prefer?
My point remains - any increase in lending = higher house prices.
I'm still not sure why I can only pick one option. As I've already said, I think as FTBer I would like to see houses 10% or 20% cheaper than they are now. I would also like to see banks and lenders take a closer look at how they lend to FTBers - I have no idea if this would increase lending or not, I'm merely saying that I'd like them to look at how they set up their criteria for FTBers. I agree with Generali in that a 5% deposit seems sufficient for FTBers who have a good history with money and this can be verified by the lender.Any FTB who votes for wider lending knows they are also voting for higher house prices.
I reckon there are many ways in which a FTBer can have access to more flexible and considered credit without house prices necessarily rising. This country needs to build more houses, a culture where you don't see houses purely as a way of making money needs to be enabled, taxes on second homes could be introduced etc. etc.
Basically, I feel that I wish (because this is what this poll asked) for both lower house prices and a change in the way lenders currently lend to FTBers.0 -
My point remains - any increase in lending = higher house prices.
Any FTB who votes for wider lending knows they are also voting for higher house prices.
So your "solution" is to restrict lending so fewer people can buy houses.
Genius.“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”0 -
A return to lax mortgage lending?Doctor_Gloom wrote: »This is the first decent poll we've had on here in ages. Well done Carol. The poll results show that the consensus of opinion is overwhelmingly that lower prices are best. Which is what we're going to get anyway so that's good news.
Sometimes on this forum I feel like I'm Winston Smith in 1984 wondering whether it's just me.0 -
Cheaper house priceschucky dear, I think you'll find that it was Hamish who posted the duplicate.
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Cheaper house prices
oh dear you do really have a man crush on me don't you...Graham_Devon wrote: »Has Chucky hacked your account?
It's a simple poll. Why you are being so stupid about it I have no idea.
when i make you look stupid (which is fr3equently) on here you aleways complain but you're always the one threat starts it... never mind - it's not my fault you're a misfortune...0 -
Cheaper house pricesI'm still not sure why I can only pick one option. As I've already said, I think as FTBer I would like to see houses 10% or 20% cheaper than they are now. I would also like to see banks and lenders take a closer look at how they lend to FTBers - I have no idea if this would increase lending or not, I'm merely saying that I'd like them to look at how they set up their criteria for FTBers. I agree with Generali in that a 5% deposit seems sufficient for FTBers who have a good history with money and this can be verified by the lender.
I reckon there are many ways in which a FTBer can have access to more flexible and considered credit without house prices necessarily rising. This country needs to build more houses, a culture where you don't see houses purely as a way of making money needs to be enabled, taxes on second homes could be introduced etc. etc.
Basically, I feel that I wish (because this is what this poll asked) for both lower house prices and a change in the way lenders currently lend to FTBers.
Ah, reasonable points all, cleaver.
I don't disagreee - greater house building would undoubtedly be my preferred option too - but as I don't think there is the faintest chance of that being a realistic option under the Tories, it's not included.
All the other options are realistic and likely/possible.0 -
Cheaper house prices
i wouldn't worry about it Gen - this is the man that thought that 10% YoY HPI was a stagnant market.Are you seriously calling me stupid?! It's like Micky Quinn telling me to lose weight!
he's also the same man that claimed that the Chancellor Of the Exchequer worked in the City because he was responsible for economic policy...
it's not Devon's fault he's slow - i think it was the school's fault0
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