Should people wanting to sell hang in there?

chucky

Graham_Devon wrote: »

Do you really need that proven?

And before we go any further.....what would be acceptable "proof"? As I don't personally believe anything will be acceptable.

ahhh Mr Muddle has arrived right on cue...

i'd like the point proved that landlords bought everything (yes everything)...

I would also like to point out that its the landlords that force FTB's to enrich landlords, they are the ones buying everything

let me know if you come up with some facts not your usual made up stuff but real facts.

tartanterra

debtistheft wrote: »

"invest your money in shares and rake it in"

"Stop wasting your time trying to talk up the market"

Oh....the irony......:D

Graham_Devon

chucky wrote: »

ahhh Mr Muddle has arrived right on cue...

i'd like the point proved that landlords bought everything (yes everything)...

Oh right.

Just being a bit of a nob again then. Fair do's. I'll love you and leave you to it.

Percy1983

chucky wrote: »

thanks but all that is saying is that the BTL purchases/business slowed down down in 2008 and supply was restricted that pushed up rents.

You missed my point again, landlords pushed rents up. ie on simple terms.

A) 3 morally correct landlords have 3 homes to rent, they set prices at £500 per month with covers costs and makes a profit.

3 greedy landlords have 3 homes to rent, they set rpices at £500 per month with covers costs and makes a profit.

A) interest rates are down and there is more demand for rental properties, being morally correct they know there tenants will be squeezed more, due to lower interest rates profits are up so the maintain current prices.

rubs hands together with glee, interest rates are down so profits are up, but hey we can charge more and blame supply and demand. As many of us are fuelled by the same greed they won't be able to escape as we will all do the same to these stuggling families.

Sorry to say more landlords go with B than A it would seem.

As I keep saying, landlords and landlords alone push rents up to feed there own greed.

chucky

Graham_Devon wrote: »

Oh right.

Just being a bit of a nob again then. Fair do's. I'll love you and leave you to it.

so you can't back it up as usual and showing your ignorance yet again.

it's not my fault your slow btw, it's also not my fault that you've screwed yourself up financially for life either.

£28,000 plus worth of gambling debts must have been really painful to pay back...

have a nice day

debtistheft

chucky wrote: »

have a nice day

Victory again to Graham Devon as chuckey runs away from the fight. Bears 1 Bulls 0. Or should I say Sensible People 1 Rampers 0.

tartanterra

Percy1983 wrote: »

"there is more demand for rental properties"

"landlords alone push rents up"

Yet again, someone shattering their own argument.

debtistheft

Percy1983 wrote: »

As I keep saying, landlords and landlords alone push rents up to feed there own greed.

Exactly the reason the UK needs European style tenancy laws and rent increase restrictions. With more people renting due to high house prices, the day is fast approaching when there will be enough public opinion in favour of a review of tenancy laws. Once we have security of tenure and reasonable rents, you can wave goodbye to the folloy of an economy based on housing debt.

nutsohazelnuts

HAMISH_MCTAVISH wrote: »

Your daughter is wrong, for most people in most areas.

Prices are currently stagnant, and average just 11% below peak, which is around 10% higher than they were in early 2009. In around 10% of areas, they're rising slightly. In around 20% of areas, they're falling slightly. But for 80% of the people in the UK, they are not dropping at all, and haven't done for over 2 years now.

Some areas have already exceeded the previous peak, and not just in London. In my area for example, which is about as far from London as you can get, actual selling prices are now 15% or so above where they were at the start of 2007, and are up 4% year on year. As every year passes we will see more and more areas recover to their previous peak prices, so the clock is most certainly ticking.

Rents are soaring, now at a new record high and still rising at twice the rate of wage inflation, as the mortgage famine forces a generation of FTB-s to enrich their landlords instead of themselves.

Buy to let lending is the one section of mortgage lending that is dramatically up year on year, as landlords buy up the cheaper houses instead of FTB-s, due to the yields being so good.

And housebuilding is at it's lowest levels in over 100 years, whilst population continues to grow at near record levels. We only build around 100,000 houses a year, but form 250,000 new households a year.....

And that's before the biggest generation of FTB age people in history, bigger even than the baby boomers, starts reaching the age to buy from 2012/2013 onwards. This generation will peak in size by around 2020 at almost a million a year versus 680,000 a year at present, and it will be 2028 before there are as few FTB age people in the UK again as there are today.

FTB-s have one more year, maybe two, of the current stagnation..... And then the biggest generation in history crashes into the lowest level of housebuilding since Victorian times, with only one possible result....

Which is? Because it seems a huge assumption if you think all of the people currently priced out of the market or unable to get a mortgage will suddenly be in a position to buy in a "year maybe two".

My friends are selling a 3 bed semi in the Brighton area, and wish to buy a two bed bungalow in safe area with local walkable amenities such as doctor's surgery, dentist surgery, supermarket etc between Guildford and Woking. They'll need every penny of their asking price plus a sizeable chunk of their savings to do that.

In your opinion will both area's housing markets be behaving the same way?

Yakubu22

HAMISH_MCTAVISH wrote: »

FTB-s have one more year, maybe two, of the current stagnation..... And then the biggest generation in history crashes into the lowest level of housebuilding since Victorian times, with only one possible result....

Aberdeen slides off the face of the earth?