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Debate House Prices


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Grant Shapps, start building homes you ****

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    frank.hopper wrote: »
    That's true at the moment, but BTL will melt away with the increasing threat of higher interest rates, combined with limited and expensive mortgage products, arrangement fees, and increasing legislation. Without HPI the 'grey hairs' with the mercs will disappear. It simply won't stack up.

    Sounds like wishful thinking to me.

    People have been saying that for years, yet rental yields just keep rising.

    Mortgage availability for BTL is increasing, not falling, and the deals are getting progressively better. Nobody is expecting interest rates to rise significantly for many years. If the credit crunch didn't kill BTL, nothing will.

    The reality is the banks would rather lend to BTL-ers than FTB's at the moment. And there's little on the horizon to change that.
    “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”
  • frank.hopper
    frank.hopper Posts: 208 Forumite
    edited 20 February 2011 at 4:11AM
    HAMISH_MCTAVISH wrote: »
    Sounds like wishful thinking to me.


    .

    I'm speaking as a LL with grey hair and a merc :D

    We'll see...
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    nightwatchman wrote: »
    Ohhh God this forum must be full of rich people……
    As hard as I try, I can not find anyone of the people I know that is earning more than £35k.
    And the ones I do know that earn that £35k I don’t need the digits of both of my hands to count them.
    My best friend (and bestman) is a teacher and his is earning thereabout or less.
    I know an accountant that he claims that he earns that figure or a bit more.
    My manager also earns that…
    So that makes three……
    I can only assume that the people that earn that amount must be the “middle class” that the legends mentioning.
    The rest of the ordinary folk that I know (supermarket clerks, waiters, line managers, civil servants etc) are on less than half of the 39k.

    I must admit I live near Aldershot and I was surprised when I saw that figure. The 30% percentile is £566 a week or nearly £29,500 a year.
  • B_Blank
    B_Blank Posts: 1,105 Forumite
    frank.hopper wrote: »
    That's true at the moment, but BTL will melt away with the increasing threat of higher interest rates, combined with limited and expensive mortgage products, arrangement fees, and increasing legislation. Without HPI the 'grey hairs' with the mercs will disappear. It simply won't stack up.

    Unlikely as most the cabinet are also BTL SCUM.

    We can only hope you are right though
    I am not a financial expert, and the post above is merely my opinion.:j
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    edited 20 February 2011 at 7:02PM
    Is there really any need for multiple GHOUL characters? One was at best sufficient.

    Edit: ok one of the ghouls got deleted, now this doesn't make sense.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ukcarper wrote: »
    The average median male full time wage in rushmoor where aldershot is is £39k.

    Where on earth are you finding this?

    I've used the government statistics....ignored the male bit, as females buy houses too, and used the government statistics on average wages for the area in 2010.

    Are you using the "average male who has bought a house median wage" index? Rather than just the average wage index?
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 20 February 2011 at 8:16PM
    Graham_Devon wrote: »
    Where on earth are you finding this?

    I've used the government statistics....ignored the male bit, as females buy houses too, and used the government statistics on average wages for the area in 2010.

    Are you using the "average male who has bought a house median wage" index? Rather than just the average wage index?

    http://www.statistics.gov.uk/downloads/theme_labour/ashe-2010/2010-work-la.pdf

    Was using 2009 so figures slightly different. We are looking at a house which would suggest a couple.

    Just under £36k for all full time.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ukcarper wrote: »
    http://www.statistics.gov.uk/downloads/theme_labour/ashe-2010/2010-work-la.pdf

    Was using 2009 so figures slightly different. We are looking at a house which would suggest a couple.

    Just under £36k for all full time.

    That says 29k. Not 39k?

    Thats what I was using too, but thought Aldershot was in East Hampshire.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Graham_Devon wrote: »
    That says 29k. Not 39k?

    Thats what I was using too, but thought Aldershot was in East Hampshire.

    You are looking in the wrong place as I have already said Aldershot is in Rushmoor.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ukcarper wrote: »
    You are looking in the wrong place as I have already said Aldershot is in Rushmoor.

    Still says 29k, lol.
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