We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buy to let replacing first time buyers
Comments
-
Assetz (and other VI's) featured on this web page.
Check out the cheeky page title!
http://www.cityam.com/living/property-news-23?self-deluded_morons0 -
Perhaps the fact that both bears and bulls can point to experts? that get it wrong should tell us all some thing.0
-
There was a really good book out a year or so ago called "Flat Earth News" by Nick Davies. Its content is interesting to anyone who regularly read the press because it shows how VIs (from any industry, not just property) can write a press release with a bit of general interest in - and lets face it houses are of interest to a of people - get it submitted to the big press agencies and bingo, it gets picked up by the papers who see the newsagencies as a legitimate source of news. Normally, however, they at least provide some evidence to back this up. That's how a lot of VI hits the press. In an age where newspapers are fatter and fatter and there's 24 hour news agendas to compete with, "churnalism" takes over. In the case of the earlier item by Assetz in the OP, they are now even getting away with lazy churnalism. And some businesses are really good at churning these out, so no doubt we'll get to see a lot more of them.
If that's not a good enough reason to read it, the book goes on to talk about the Daily Mail and how it gets more complaints than any other and how that works (but not relevant here so sorry).Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
0 -
Interest rates now to fall - house prices will be stable and then begin to grow again
19 November 2007
He was closer than the bears. Interest were slashed to 0.5 to protect the market. The falls stopped and then rose in 2009.Housing supply being squeezed - prices will rise
24 January 2008
He's right. House building levels and supply have collapsed even further. Rises are already well established in London and SE were the shortage is chronic. Only a matter of time for this to spread.House prices have started growing again - you heard it here first
18 February 2008
Only time he was wrong. But the collapse was short-lived, and emergency rates and numerous other measures eventually took hold to protect the market.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
“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”0 -
ultrawomble wrote: »Since there's nothing left, they'll get nothing. However, in this instance BTL investors are being able to obtain mortgages - so there must be some money left in the system. They can obviously afford the product, whereas the FTBs can't. No rationing there as far as I can see.
Think about what you have written above.
Consider that BTL investors have the criteria to get ahead of the food queue and are considered safer lending criteria due to higher deposits and higher interest rates.
No wonder FTBers are being pushed further back the ratioining queue
If on the other hand there was not a rationing of credit (i.e. lending to the better criteria), the majority of FTBers would be able to get the mortgage products that they want.
Another way to look at it is take any single particular bank, consider how much money they have to spend and where they wish to spread those investments.
It's not a bottomless pit and therefore the banks are rationing (or restricting) their lending ensuring the best and safest investment returns.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Think about what you have written above.
Consider that BTL investors have the criteria to get ahead of the food queue and are considered safer lending criteria due to higher deposits and higher interest rates.
No wonder FTBers are being pushed further back the ratioining queue
If on the other hand there was not a rationing of credit (i.e. lending to the better criteria), the majority of FTBers would be able to get the mortgage products that they want.
Another way to look at it is take any single particular bank, consider how much money they have to spend and where they wish to spread those investments.
It's not a bottomless pit and therefore the banks are rationing (or restricting) their lending ensuring the best and safest investment returns.
I don't think anyone here is disagreeing with your description of how and why banks are restricting lending. Some of us feel that "rationing" is an inaccurate and unhelpful term to describe this restriction.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
0 -
See below commentsOn the subject of what should be done, I would like to see
a) Licensing of LLs so that nobody can let a property without being made aware of all their responsibilities and the laws by which they will be expected to abide
b) Improved rights for tenants who pay on time, don't trash the property, etc, so longer notice period, etcIveSeenTheLight wrote: »There already is this requirement in some parts of the UK
Landlord Registration Scotland
It seems there were plans to develop a similar registration in England and Wales until the coalition ditched the plan in Jun 2010
http://www.lettingfocus.com/pages/myarticles7.html
At present I must give my tenants 2 months notice and they only need to give me one months (once out of the AST). I'd happily let my tenants have longer security if they wanted (I have a tenant who was on a 12 month AST and have been on a periodic tenancy since then, now 4 1/4 year they have rented from me), If they wanted to sign a longer contract, I'd be more than happy to agree
c) Faster procedure for LLs to evict tenants who don't pay on time, do trash the property, etc
No arguments there, although fortunately through thorough vetting, I have not had a problem of this sort yet.
d) Licensing of LAs with a robust system to strike the dodgy ones off the register.
Again no argument there:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I don't think anyone here is disagreeing with your description of how and why banks are restricting lending. Some of us feel that "rationing" is an inaccurate and unhelpful term to describe this restriction.
Fair enough, we can be pedantic over the wording, but nevertheless, the restriction is rationing the available funds to who meets the desired requirements:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards