And So It Begins.....

Jimmy_31

Pimperne1 wrote: »

You sound to have a great life.

Its kind of like auf wiedersehen pet at times:), seems to me things will pay off for me in the end though:)

doire_2

HAMISH_MCTAVISH wrote: »

Now all he has to do is get the banks lending again, so buyers can buy. Probably no coincidence the CBI just called for the Govt to offer Mortgage Indemnity Insurance for 95% LTV loans then.

So thats all he has to do. Just that one simple little thing eh?
They are a business not a charity. Do you really think banks will get back to your idea of lending just because the governement wants them to :rotfl:

doire_2

Rinoa wrote: »

.

However, prices are up £18k since early 2009 ~ see sig. Waiting and paying rent hasn't been the best policy this past couple of years or so.

.

Ahh so i see. Prices are up 18k everywhere and all those sitting with nice big deposits have missed the boat then? And i thought hamish was king of generalization around here?

Graham_Devon

doire wrote: »

So thats all he has to do. Just that one simple little thing eh?
They are a business not a charity. Do you really think banks will get back to your idea of lending just because the governement wants them to :rotfl:

Government could get councils to lend though, which is already starting to take place. Again, it's currently only on certain properties....but it's something they are talking about.

I certainly feel there may be some way to go yet before the housing market is simply too inflated for even the government to prop it up. At the moment, prices are static, but income is falling in real terms, meaning that houses have further to fall (to reach affordability) after all the trickery has been exhausted.

And these were 110% loans.

doire_2

Graham_Devon wrote: »

Government could get councils to lend though, which is already starting to take place. Again, it's currently only on certain properties....but it's something they are talking about.


And these were 110% loans.

Hamish wants a return to the silly lending days. Thats not going to happen.

Graham_Devon

doire wrote: »

Hamish wants a return to the silly lending days. Thats not going to happen.

I didn't think anyone would possibly think it would be a good idea to not only drag up right to buy, but actually give even more taxpayer money away.

But it happened.

The majority of econmists think further QE would be the wrong route to take right now. But it's nigh on a certainty it will have happened before Christmas.

All politicians around the world at the moment seem intent on doing, is stopping a downturn, no matter what the cost. Even if the cost is said to be higher than the downturn itself, it seems it's a cost worth paying.

Dan:_4

doire wrote: »

Hamish wants a return to the silly lending days. Thats not going to happen.

What do you mean by 'silly lending days'?

In 5 Years 95% Mortgages will be the most popular again - it's already slowly starting.

Rinoa

Graham_Devon wrote: »

They can't.

If they don't have the money and can't access the money, they cannot afford it. Simple as.

Why does my point have to be any clearer? Do you find it somewhat difficult to understand that if someone doesn't have the money...they can't spend it? Not really surprising.

You seem to be utterly confused. I didn't even mention the word deposit in post 4 like you are suggesting.

May I suggest you read, and think before posting?

You get worse.

How can you make 38000 posts and still be the most illiterate person on the forum.

Graham_Devon

Rinoa wrote: »

You get worse.

How can you make 38000 posts and still be the most illiterate person on the forum.

So a simple insult in response.

How original.

Herbie_Hancock_I_wish

Rinoa wrote: »

You get worse.

How can you make 38000 posts and still be the most illiterate person on the forum.

In fact I certainly do not find Graham in anyway illiterate. However I do find some with vested interests.