Wrong to buy?

Aberdeenangarse

Jonathan Maitland meets some families who say renting makes more sense than buying a house, and investigates whether there are changing attitudes in Britain about owning our own homes

ITV 19.30 Tonight!

FTBFun

Doctor_Gloom wrote: »

You'd have to be mad to buy now when house prices are falling so much.

Not necessarily. It could be the right time for that person.

Also, as I'm sure you'll know living in London, its a little different here.

Blacklight

With rents looking like they're going to go up and prices stable it's not a bad time for BTL. If there's anymore news like the Halifax -3.6% in the coming months I suspect they'll all be out buying up what they can. Not bad for property developers either.

nearlynew

Blacklight wrote: »

With rents looking like they're going to go up and prices stable it's not a bad time for BTL. If there's anymore news like the Halifax -3.6% in the coming months I suspect they'll all be out buying up what they can. Not bad for property developers either.

Anyone who bases their decisions to buy or not on whether the halifax index goes up or not is an idiot.

Most people who bought BTLs over the last few years were only able to do so because of loose lending and remortgaging against the rising value of their existing properties.

Neither of these conditions exist any more.

Loughton_Monkey

Let's watch the program and see what's said. However, I predict that any "changing attitudes" do not constitute any real or lasting change. It will simply be 'justification for why I rent' from people who basically have no choice - either because of being evicted from own property, or can't get on the mortgage ladder.

Blacklight

It's on at the same time as Eastenders and the football. They'll still be a few people watching it in some old folks home somewhere though I suppose.

FTBFun

Blacklight wrote: »

It's on at the same time as Eastenders and the football. They'll still be a few people watching it in some old folks home somewhere though I suppose.

If that's football as played by Liverpool, no thanks!

Better to lose gloriously in the San Siro.

PasturesNew

I'll see if I'm allowed to watch it. I don't usually get to watch TV as I don't get to choose what's on.

Edit: Yep, gonna watch it.

UnderPressure

I have a funny feeling house price have a looonnnnnnngggggggggg way to drop yet......

At least I hope so Time will of course tell surely the forty+ generation cannot think for 1 minute they were the only ones that were ever going to have any "opportunity" with property mmuuhahahahahaha

LilacPixie

Doctor_Gloom wrote: »

You'd have to be mad to buy now when house prices are falling so much.

<~~~ totally mad, offered on Tuesday and it was accepted :eek: Best decision for me and my family at this time

minnie123

I'm watching this at the moment and their has just been a couple on it who earn 60k between them looking at houses in the region of £170k and they have 15% deposit - they are saying they are unable to get a mortgage.

Do you think they must be leaving some info out such as bad credit/Debts etc... as a couple I know who earn approx 50k between them have just got a mortgage to buy a house for £165k and have put down a 10% deposit their mortage offer came through this week??.