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Debate House Prices
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Buy to let replacing first time buyers
Comments
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HAMISH_MCTAVISH wrote: »There was no shortage of funds before, so no need for rationing.
There was a need for rationing, as the credit crunch proved. There was a shortage of REAL funds, but no shortgage of "funny" funds.
I'll correct that, there was a shortgage of funny funds, otherwise there would have been no credit crunch.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »Yes. That would be an immensely good thing.
What, the unlimited funds from wholesale markets ? :rotfl:
That's like saying that pyramid selling schemes are great, until they inevitably fail.
"Unlimited funds". :rotfl:30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »Mortgage lending is still down 65% from peak.
Because the banks don't have the funds to lend.
If the market had been "flooded with liquidity" then we wouldn't have this problem. The liquidity never made it past the banks balance sheets.
What problem, im perfectly happy with the way the banks are handling the allocation of mortgages at the moment.0 -
What problem, im perfectly happy with the way the banks are handling the allocation of mortgages at the moment.
Obviously those hooked on HPI will not be, and also those who don't have 10% deposits.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »What lesson is that?
The one where housebuilding has fallen off a cliff, FTB numbers have plummeted, BTL landlords are enjoying record high rents, and an entire generation of people are being forced to enrich their landlord instead of themselves?
That's the one. The lesson where having seen those things happen, not many people have done 2 + 2 and realised that "unlimited funds from wholesale markets" caused a boom in those things, which led to a bust. A lesson that tells us that we would be best advised not to allow "unlimited funds from wholesale markets" to distort the market again, because "unlimited funds from wholesale markets" are not really unlimited, are they Hamish ?
I am so glad that you coined that phrase.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Well theres a first for everything. And thats the first time I have ever read that there were simply unlimited funds.
Weird thing is, Northern Rock went under due to not being able to get funds. Hmmm. Now I don't know which way to turn.0 -
Graham_Devon wrote: »Well theres a first for everything. And thats the first time I have ever read that there were simply unlimited funds.
There weren't, it just seemed that there were. And it seems that some people would like the illusion to return.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I note that Hamish went offline, just as it was getting interesting. I wonder if he's gone to look for the "unlimited funds" down the back of his sofa ?
Now, we know that Hamish is a wealthy man, but I don't think he is that wealthy (yet). Maybe we'll find out for sure on his return.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I note that Hamish went offline, just as it was getting interesting. I wonder if he's gone to look for the "unlimited funds" down the back of his sofa ?
Now, we know that Hamish is a wealthy man, but I don't think he is that wealthy (yet). Maybe we'll find out for sure on his return.
That sounds a bit Geneerish. Whenever Hamish went off line there was always a sinister reason (although to be fair he did used to come and knock Geneer's arguments into a cocked hat - maybe he went away just to practise the surgical strike).0 -
That sounds a bit Geneerish.
I hope RennovationMan never reads that. :eek:
I haven't really read many of geneer's posts. I know there is this geneer vs Hamish thing going on, but I suspect my encounters with Hamish are somewhat different to his. I don't know about geneer, but I do have some respect for Hamish, even though I don't always like is online attitude. I hope Hamish doesn't read that either.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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