Banks about to lend again..........

DaddyBear

master_of_ghouls wrote: »

your landlords rent's due.

Loving the grammar. At least it's improving slightly as you appear to have mastered the difference between your and you're.

HAMISH_MCTAVISH

doire wrote: »

What a complete muppet you are Sibley.

And yet, he's been proven pretty consistently right since the crash whilst you have been consistently wrong.

Must be a bit depressing to be bested by a "muppet"....

Graham_Devon

HAMISH_MCTAVISH wrote: »

pretty consistently right

LOL. Indeed. Loving the oxymoron.

"pretty consistently right"....meaning, not consistently right, just sometimes.

HAMISH_MCTAVISH

Graham_Devon wrote: »

LOL. Indeed. Loving the oxymoron.

"pretty consistently right"....meaning, not consistently right, just sometimes.

Meaning right about the overall direction of house prices, the government interventions, etc, the vast majority of the time.

By comparison to your average hpc-er, Sibley looks like a genius.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Meaning right about the overall direction of house prices, the government interventions, etc, the vast majority of the time.

By comparison to your average hpc-er, Sibley looks like a genius.

Yer, just the problem that the average HPC'er has been saying prices will fall for a few years.

Prices are indeed falling.

The only reason both bear and bull alike can claim they are right, is because of stimulus and interest rates changing the whole landscape of everything that predictions were based on.

Afterall, who predicted 0.5% base rates? No one. It's changed the entire fundamentals. It's ruined predictions from HPC'ers to respected economists.

All sibley keeps saying is prices will go up. Indeed, they are going down. You will come along and say "well not in this Hamlet on the Isle of Pedance".

doire_2

nollag2006 wrote: »

At least he's a muppet who can spelly correctly. Is Irish education really that bad?

As for the BBA comment - what did you really honestly expect them to say? "Yes indeedy chaps, we are back to our old reckless ways and proud of it" ?

:rotfl:

Grant Shapps' intervention to try to improve access to finance for FTBs is to be welcomed.

Ohh dear. Is this is what it has come to? Picking up on typo's?


I still remember your ridiculous quote last year about the" economy accelerating" so your views on anything to do with house prices and the economy isnt worth borthering about....on a par with sibley

doire_2

HAMISH_MCTAVISH wrote: »

And yet, he's been proven pretty consistently right since the crash whilst you have been consistently wrong.

Must be a bit depressing to be bested by a "muppet"....

Funniest post of the week :rotfl:

geneer

doire wrote: »

Funniest post of the week :rotfl:

Well it is if you consider that fact its the crash that he never say coming and denied even as it happened.

Coeus

I find it quite an interesting read all of the different viewpoints, (some) facts to back up the arguments, applying opinions void of reason and evidence (both sides of the argument).

However please please please leave your handbags at home lest we have another slanging match (Graham_Devon & HAMISH_MCTAVISH).

Personally I cannot see house prices rising on an annual basis until likely the third or fourth year of Tory rule where usual Tory tactics (which I am a support of) follow the usual cycle of (i) hit the budget hard years 1-2 then (ii) grant income tax breaks years 3-4 to be re-elected.

People know that disposable income is falling (VAT + benefits + credits + inflation). Seems reasonable to deduce that people will weather the storm until disposable income (or the perceived view of) at least levels or begins to increase. Until this point I would not expect many to make financial gambles on the housing market.

doire_2

Sibley wrote: »

I really think thae banks are trying to ceate another housing bubble. As soon as they relax lending criteria there will be a mass buying spree. People think houses won't increase in value but I bet they do.

I predict that when money is available easily, house prices will rise sharply. You will go back to the guzumping days overnight. Sellers ought to box clever and just wait a short while. Don't sell cheaply now. It will affect the rest of your life.

Wrong again sibley. Look at the proposals in bold. Thats really getting the banks to create a bubble isnt it.


Shapps press release about yesterdays summit

Grant Shapps: More help on the way for first time buyers

Published 15 February 2011

Housing Minister Grant Shapps today called on key players in the housing industry to work more closely together to help aspiring first time buyers get a foot on the property ladder.

Leading industry figures representing house builders, lenders, insurers, councils and consumer groups attended a summit today held by Mr Shapps, to discuss how they could step up their efforts to help young people who aspire to own their own home.

Ministers called the meeting so there could be a frank and open discussion about all the issues. Practical work that will now be taken forward includes:

* working with homebuilders and lenders to understand the current barriers to the availability of mortgages, and encouraging them to devise new mortgage products that address the challenges faced by first time buyers - such as innovative schemes for parents to support their children into home ownership - for example, the Lloyds Lend a Hand scheme or the Hitachi loan deal, or the new mortgage guarantee scheme launched today by Taylor Wimpey
* increasing new and creative local approaches to shared ownership or equity loans - there are a number of providers looking to expand or facilitate the expansion of the shared ownership or equity loan provision; and
* exploring the barriers to the take-up of mortgage insurance, and looking at the role of mortgage indemnity guarantees for increasing lending to first time buyers.


A key issue to emerge from the meeting is that there is a communication problem between different sectors of the housing industry. Mr Shapps said better communication within the housing industry, including building on the work of the Home Finance Forum, would be vital to helping first time buyers.

Housing Minister Grant Shapps said:

"I called on key figures from across industry to come together today, because we must do more to help aspiring first time buyers - the average age of the first time buyer with no support from their family is now 37, and there are 1.4 million households who aspire to own a home but are simply unable to do so because of house prices and mortgage availability.

"I wanted to hear a first hand account of the problems the sector faces, but I also wanted to knock heads together so the needs of young people who want to buy a home are put first. The Government is working with industry to improve the availability of mortgages - but there also needs to be a much more unified effort from across the board to work together, so we can ensure that young people are not locked out of the housing market."