Well done you New Labour, you ruined the homeownership dream for so many

Heyman_2

[quote=[Deleted User];41582746]Yeah, annexing other countries, gassing Jews etc that's comparable to you not being able to afford a house isn't it?[/QUOTE]

Yeah kind of underlines the hysteria of it all doesn't it?

thescouselander

The_Fox wrote: »

Thank God the UK was not infested with the likes of you from 1939 to 1945,

Hitler invading most of Western Europe was not fair either

Godwin's law strikes!

The_Fox_3

DervProf wrote: »

May I say that The_Fox talks a lot of sense.

"there is a list of people who bought into the property market since 2005 who are having a nasty time, some in a living hell".

Some would deny that statement, I have witnessed this recently, although "living hell" might be taking it a little far, the chap I spoke to wasn't having an easy ride.

I don't pretend everything is rosey at the moment for myself, but with me it's just a feeling of all the boxes not being ticked at the moment. Business is doing great, social life is quite full, my health is mostly good and i am back to running sub 8 minute miles on 5 milers and benching 200Lbs plus, and every night i sleep like a baby, i can even walk into my old paid for house(the ex) and not bat an eyelid these days.

Unlike so many people on this board though i do not see everything in such a black and white way, and as i have said so many times before i need/want lower house prices in the UK, whether it will happen is a different story. In the last year though the pendlum has without doubt has moved into the bear side.

Those that are really having a bad time at the moment are those that borrowed way too much in the last decade(or MEW'd), those that thought they would buy whatever they could and move up the ladder 5 years ago and are finding they are still in the same place. And of course those that are in negative equity, and those that are living in fear that interest rates are on the verge of rising anytime soon, there are millions in that camp, probably the same ones writting desperate posts on here that "it could and would'nt happen mate".

So those that make all the emotive statements like "life is not fair mate" and you need to buy somehow mate" or "keep taking the pill mate mate" are just desperate little people who need the bottom of this Ponzi feeding, and they know there is nobody left to do it. The data is showing that it had all gone t**s up, and there is nothing in the pipeline that is going to turn this around, it's actually going to get worse.

And a message for Sibley...

You really are quite a sad little man, at least i come to this board and tell the truth as i see it, whether it fits my needs/wants or not. And i have no anger/loathing for homeowners, and i ask you to refrain from saying so(or show proof). There is nothing i admire more than a working man and woman who work hard to put a roof over the heads of their kids.
As for what you think my feelings are for the BTL industry, fair enough, you are being a bit of a drama queen but i will let you have that one, and i think it's on record on this board what my feelings are in that particular area.

Just don't put homeowners in the same group as BTL there is a good boy. And i dare say my life is far fuller than your superficial one, this is one aspect where i have strong opinions and come here to vent them, so you and the likes of ONLY_REAL_MEN(or whatever his name is, or yours?). No my life is not perfect at the moments, but i do better than only try to live up to Kiplings poem IF, and life is quite good in the mean time, where as yours and many other Bull trolls is a life living in constant fear:)

[Deleted User]

Does this seem familiar to anyone?

http://www.youtube.com/watch?v=ETqncRvQHWk

spadoosh

Sorry op, not quite sure how your "telling the truth as you see it". Me and my g/f are ftb's and are in the process of looking at houses. We've had a mortgage agreed in principle. And saved up over the last year a healthy deposit. Were looking at spending 110000k with about a 12.5% deposit. we are both on a relatively low income (probably slightly less then average combined) and have had no problems getting a mortgage agreed. I do agree with you that houses may be overpriced and sellers seem to have very little movement in asking prices but to say people can not get houses is ludicrous. you simply do not meet the lending criteria or are being too picky with the houses you are looking at. by the sounds of it you dont have a large enough deposit to be able to get a mortgage (90% ltv) and youve got to ask why would someone be willing to lend you more than this? its not fair to ask the bank to lend you 100% (which it sounds like your asking for, could be wrong and appologies if i am) but be realistic if your not willing to pay a percentage, why would a lender?

thescouselander

spadoosh wrote: »

Sorry op, not quite sure how your "telling the truth as you see it". Me and my g/f are ftb's and are in the process of looking at houses. We've had a mortgage agreed in principle. And saved up over the last year a healthy deposit. Were looking at spending 110000k with about a 12.5% deposit. we are both on a relatively low income (probably slightly less then average combined) and have had no problems getting a mortgage agreed. I do agree with you that houses may be overpriced and sellers seem to have very little movement in asking prices but to say people can not get houses is ludicrous. you simply do not meet the lending criteria or are being too picky with the houses you are looking at. by the sounds of it you dont have a large enough deposit to be able to get a mortgage (90% ltv) and youve got to ask why would someone be willing to lend you more than this? its not fair to ask the bank to lend you 100% (which it sounds like your asking for, could be wrong and appologies if i am) but be realistic if your not willing to pay a percentage, why would a lender?

£110k might be ok where you are but there are areas of the county where you'd be lucky to be able to buy so much as a garage for that sum. £110k certainly wouldn't get you anything where I live - you'd be looking at a 1 bed flat in a dodgy area for that money. Not much good if you're planning on starting a family.

spadoosh

id think almost anywhere north of birmingham you could find a fairly decent 2 bed terrace for that price. And like i said me and g/f are fairly low earners. 10.5k + 21k, im also pretty sure where you pay more for your houses generally you earn more (not necessarily proportionate) but even in london you can buy a 2 bed flat circa 200k. That mortgage would be £1000 p/month and if you earnt (in london) 20k + 20k thta should be more than easily affordable. I just think its more to do with the op's personal circumstances than new labours fault.

spadoosh

and when you say its a dodgy are, surley you will be living around people who are in similar situations (affordability, excluding housing association) maybe its a case of people thinking their princes when their more like paupers

thescouselander

spadoosh wrote: »

and when you say its a dodgy are, surley you will be living around people who are in similar situations (affordability, excluding housing association) maybe its a case of people thinking their princes when their more like paupers

When I say dodgy area I mean areas with a reputation for drug use and violent crime. Unfortunately not all of us can live north of Birmingham.

spadoosh

most people can still afford to buy a house south of birmingham. I want a 4 bed house with ensuites in every room and a billiards room in kensington. Seen any for 110k? ill wait around till there is one. No again its people being unrealitstic with what they can afford!! And if you cant afford to buy a house youll probably struggle to rent (seen as most rents are higher than your average mortgage) so its kinda catch 22. you earn little, you live little, earn big, live big.