Rightmove April +1.7%

Cleaver

the.ciscokid wrote: »

Greed of the BTLer was a factor, but not the driving one, that would be greed of the government, and the banks (loose lending, casino banking and so on).

You've missed the main factor for me, which was that every man and his dog thought that rising prices was the best thing since sliced bread. Yes, the banks and government didn't stop it happening, but it was us as a nation that got obsessed with house prices and bascially had a massive circle jerk as they rose and rose and rose.

the.ciscokid wrote: »

The problem with your solution is a price out generation.

What solution? That isn't my 'solution' to anything, it's just what I think will happen.

chucky

the.ciscokid wrote: »

If you start with 10, and increase to 12/13, what percentage increase is that?

Edit: Also, what types of property does the average BTLer buy, and what percentage of the transactions in the market were FTBs?

so 2% more property was purchased from 10% to 12% in 6 years... that's 0.33% (yes a massive 0.33%) of property being bought by those dirty BTLers stopping an FTB from buying a home.

0.33% a year is a huge number - massive!!!

the.ciscokid

Cleaver wrote: »

Inflation would have made little or no difference to us if we were 21 to 23 now and saving for a deposit. For two years we didn't go out, didn't have takeaways, didn't have holidays, sold one of our cars, did mass sales on eBay, walked or biked miles instead of taking the car, made food from leftovers better than we ever had before, worked two jobs, did every bit of overtime possible, didn't see friends very often (this one hurt) pretty much didn't buy anything expensive or even new and basically shovelled every penny in to our savings account.

Sorry to sound a bit high and mighty on this, but the rate of inflation is no reason to not save a deposit. I'm not saying that it's easy to save a deposit, or that anyone can do what we did above because some people don't have any money spare at the end of the month and already live like we did. But I'm proud of how we managed to save £14,000, because it was through hard graft and sacrifice. The inflation rate was nothing to do with it.

I am proud for you too , yes you have to make sacrifices, but you cannot say it has nothing to do with it.

Bailing out the !!!!less = more expensive for savers (and therefore FTBs).

neverdespairgirl

HAMISH_MCTAVISH wrote: »

But still (mostly) reliant on FTB-s or investors buying their previous house, yes?

Mortgage rationing takes it's toll on everyone. Directly or indirectly.

The numbers of proceedable buyers will be well down in every market segment, not just FTB-land.

Works quite well if you're like us. FTBs, so nothing to sell. Nice deposit, so no problem getting a decent mortgage rate. And we saw lots of places we liked, and made very low offers until someone accepted.

Graham_Devon

chucky wrote: »

so 2% more property was purchased from 10% to 12% in 6 years... that's 0.33% (yes a massive 0.33%) of property being bought by those dirty BTLers stopping an FTB from buying a home.

0.33% a year is a huge number - massive!!!

Struggling with reading simple sentences again chucks?

Still a 20%ish rise, no matter how much you obfuscate

DexterA

neverdespairgirl wrote: »

Works quite well if you're like us. FTBs, so nothing to sell. Nice deposit, so no problem getting a decent mortgage rate. And we saw lots of places we liked, and made very low offers until someone accepted.

How far below NDG? I'd like to get to grips with what's currently considered low but acceptable (to some sellers).

chucky

Graham_Devon wrote: »

Struggling with reading simple sentences again chucks?

Still a 20%ish rise, no matter how much you obfuscate

it's whatever you want it to be. it's funny that you complain that you get 'picked on' by members of this forum and post stuff like that.
it's not my fault but your own fault that you're dumb and just look for attention on here.

how about trying to put up a coherent argument instead of trying to distract attention from the point that BTL wasn't the reason that FTB's couldn't buy...

DexterA

RenovationMan wrote: »

Perhaps if Mr Devon didnt spread himself so thin over the boards, pushing himself into every discussion, he could concentrate on individual threads more and then other posters might not get on his back because of his lack of understanding?

If playing on the bumper cars, on multiple threads, it's probably difficult to focus on any one contest. Fortunately bumper car collisions are soft and no damage is done.

The dodgems are addictive, even sensible people enjoy them.

ess0two

Cleaver wrote: »

Inflation would have made little or no difference to us if we were 21 to 23 now and saving for a deposit. For two years we didn't go out, didn't have takeaways, didn't have holidays, sold one of our cars, did mass sales on eBay, walked or biked miles instead of taking the car, made food from leftovers better than we ever had before, worked two jobs, did every bit of overtime possible, didn't see friends very often (this one hurt) pretty much didn't buy anything expensive or even new and basically shovelled every penny in to our savings account.

Sorry to sound a bit high and mighty on this, but the rate of inflation is no reason to not save a deposit. I'm not saying that it's easy to save a deposit, or that anyone can do what we did above because some people don't have any money spare at the end of the month and already live like we did. But I'm proud of how we managed to save £14,000, because it was through hard graft and sacrifice. The inflation rate was nothing to do with it.

Did you sacrifice the iphone contract;)

The_Fox_3

chucky wrote: »

to be fair to Cleaver - the average age of an FTB has been around 32 for about 20 years.

What complete and utter rubbish, is there anything you ever post factual or true full. In the 90's along with my two sisters and friends, and the majority of my many cousins we all purchased our first and even second homes in our 20's, some even a third house.

Not only were FTB's in there 20's common, it was the norm.