Land registry 0.2% down MOM, 1.5% UP YOY.

Batchy

shortchanged wrote: »

Problem is Batchy that's not what you usually preach.

lol... can't win on this board.

I could post the above statement on every forum, just copy and paste, I try to take part in a discussion forum.

Then my preach would be the same, but probably irrelevant to the discussion.

Or you can talk about the OPs post/ or other comments, that are relevant.

As I say, you all think im ramping the market, im not, im actually very supportive of FTBers. But youve gotta be in it to win it, and unless you have savings, and solid job, then there is no point wishing for a crash as there will be no mortgage available... only hope is massive increases return to 100%LTV no deposit, big rates, etc.

I try to ramp... FTBers to SAVE, and SPEND wisely... NOT just BUY CHEAP!

shortchanged_2

The problem with this Batchy is that should housing only be affordable to the wealthy?

I think you will find that the majority of the public do not want cheap housing, just realistically priced housing.
The problem with property rampers is that high property prices only benefit the better off really. People should have the right to a place of their own and if they work hard, although don't forget not everyone who works hard earns a lot they should be able to afford a place of their own.

Property will always have a wide spectrum i.e there will always be expensive housing and cheaper housing. The problem at the moment is that the cheaper housing has become unaffordable to many.

The sooner this country gets out of the mentality of seeing property as a cash cow the better.

And by the way I am a homeowner if you are wondering.

Thrugelmir

shortchanged wrote: »

The sooner this country gets out of the mentality of seeing property as a cash cow the better.

Over time the tide will turn.

The question is whats the next fad? As need to jump on board now.

Batchy

shortchanged wrote: »

The problem with this Batchy is that should housing only be affordable to the wealthy?

I think you will find that the majority of the public do not want cheap housing, just realistically priced housing.
The problem with property rampers is that high property prices only benefit the better off really. People should have the right to a place of their own and if they work hard, although don't forget not everyone who works hard earns a lot they should be able to afford a place of their own.

Property will always have a wide spectrum i.e there will always be expensive housing and cheaper housing. The problem at the moment is that the cheaper housing has become unaffordable to many.

The sooner this country gets out of the mentality of seeing property as a cash cow the better.

And by the way I am a homeowner if you are wondering.

Fair enough.

I can see why you think they should be entitled to a place of their own. But in all fairness, most people do. Its called social housing, you have all the rights without the risk.
There is no point in a low paid worker having a house ... as when the roof needs to be replaced they will never be in a position to ever get it done.
Its worked well for many members of my family. And non of them have an ambition to own a house. Like most in social housing, they all did want to own, when people were making 10% per annum, I dont here any noise now, they are quite happy in their subsidised house.

shortchanged_2

Batchy wrote: »

Fair enough.

I can see why you think they should be entitled to a place of their own. But in all fairness, most people do. Its called social housing, you have all the rights without the risk.
There is no point in a low paid worker having a house ... as when the roof needs to be replaced they will never be in a position to ever get it done.
Its worked well for many members of my family. And non of them have an ambition to own a house. Like most in social housing, they all did want to own, when people were making 10% per annum, I dont here any noise now, they are quite happy in their subsidised house.

Fine if that's their choice so be it but the problem is at the moment that many do not now have that choice, that option has effectively been taken out of their hands.

The other drawback with social/rented housing is that people have to pay rent until they day they die (definately not such a great option now with the government upping social housing rent). If you've mortgaged a property over your working life at least it should be paid off by the time you retire.

Percy1983

shortchanged wrote: »

Fine if that's their choice so be it but the problem is at the moment that many do not now have that choice, that option has effectively been taken out of their hands.

The other drawback with social/rented housing is that people have to pay rent until they day they die (definately not such a great option now with the government upping social housing rent). If you've mortgaged a property over your working life at least it should be paid off by the time you retire.

Not just that, but mortgage payments can stay resonabley static for 25 years where Rent will just be up, up and up.

Thrugelmir

Percy1983 wrote: »

Not just that, but mortgage payments can stay resonabley static for 25 years where Rent will just be up, up and up.

Rent could quite possibly reduce in the current economic climate.

IveSeenTheLight

Thrugelmir wrote: »

Rent could quite possibly reduce in the current economic climate.

Unlikely.
What's more likely is increased shared rental, increasing the income of the rental households maintaining or increasing rents.

Graham_Devon

Batchy wrote: »

Its worked well for many members of my family. And non of them have an ambition to own a house.

I'm wondering whether to get started or not.

For everything that's wrong with benefit systems, please see above.

Batchy

shortchanged wrote: »

Fine if that's their choice so be it but the problem is at the moment that many do not now have that choice, that option has effectively been taken out of their hands.

The other drawback with social/rented housing is that people have to pay rent until they day they die (definately not such a great option now with the government upping social housing rent). If you've mortgaged a property over your working life at least it should be paid off by the time you retire.

It isnt a right to have a choice, the decisions you make as you get older, put you in the position your in, everyone does have choice from day one, the opportunity is there for everyone, its as level a playing field as you can get in a western world.

Im not saying people working in lower paid jobs dont work hard.

But when they were at school they had choices to make,
when they left they had choices to make. Work or educate... etc, etc.

Making decisions lead to consequences what ever you decide.

Some students dont earn money until they are 22/23/24. then the lower paid have had at least 5 years on them earning.