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One Million FTB-s prevented from buying

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Comments

  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    In other words, the non-FTB property. Because they know full well most FTB-s can't get a mortgage.



    And are forced to stay in rented for longer.

    Good news for landlords. Bad news for everyone else.


    Including home owners who want to sell their homes.

    Of course the other side effect its that any "average price" index will become meaningless for the FTB side of the market.
    Arguably, this has been demonstrated already.
  • DervProf
    DervProf Posts: 4,035 Forumite
    HAMISH_MCTAVISH wrote: »
    I'm off to baste my ham. And no, that's not a euphemism.;)

    :rotfl:

    Not at the moment, but a few months of Aberdeen HPI, and I'm sure there'll be plenty of parsley sauce.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • geneer
    geneer Posts: 4,220 Forumite
    edited 24 April 2011 at 8:50PM
    HAMISH_MCTAVISH wrote: »
    There's no shortage of summer holidays.

    There is a shortage of mortgage funding.

    Boy.
    Someone really does keep missing the point.
    DervProf wrote: »
    For those that can afford them.

    Anyone trying to get 2 weeks somewhere nice for less than £300 might find a bit of a shortage.
    And there you have it.
  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    Anyway, not going to debate this again.

    Probably for the best. ;)
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    That's not the definition of rationing though.

    We've given you every definition from googles first page. You've yet to give us your definition.

    Well, I lie. You've yet to give us your definition without removing words from a definition ;)
  • DervProf
    DervProf Posts: 4,035 Forumite
    ILW wrote: »
    If part of the problem is that cash rich landlords are buying up properties and thereby squeezing FTBs. Then a way of rebalancing things would be to bring in some sort of mortgage rationing.

    I don't think so. The way to rebalance things is to "unration" mortgages to FTBs (within reason) along with tax incentives for not "investing" in properties.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    DervProf wrote: »
    :rotfl:

    Not at the moment, but a few months of Aberdeen HPI, and I'm sure there'll be plenty of parsley sauce.

    Goes well with cod doesn't it? Cod piece with parsley sauce, lovely.
  • DervProf
    DervProf Posts: 4,035 Forumite
    Graham_Devon wrote: »
    Goes well with cod doesn't it? Cod piece with parsley sauce, lovely.

    Call of Duty and parsley sauce, do not mix.

    Batter and chips, yes.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    Graham_Devon wrote: »
    Goes well with cod doesn't it? Cod piece with parsley sauce, lovely.

    Actually, you make a good point there. I haven't had that for years.

    I also remember boiled ham, parsley sauce, mashed spuds and carrots. For some reason, a liberal dose of white pepper seemed to create one of my favourite meals.


    Anyway, where were we ?
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    http://www.express.co.uk/posts/view/238229/2382291m-first-time-buyers-frozen-out-of-market#ixzz1KIuXFkU3

    Mortgage Rationing rears it's ugly head yet again.

    Oh, and.....

    More crocodile tears from hamish *yawn*
This discussion has been closed.
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