MSE News: Action urged to help homebuyers

nollag2006

brit1234 wrote: »

... Its taken me 8 years to save up a good deposit and costs...

Wow!!

So you've stayed out of the market for 8 years wasting money on rent during that time?

Little wonder that you are so bitter on here trying to talk down house prices constantly.

Just think how well you would be doing if you had grown a spine in 2003 or 2004 and bought a house using a 100% mortgage?

Instead you have wasted 8 years paying someone elses' mortgage for them.

No surprise really that you come across as so angry.

How is your one man buyers strike working out for you?

:rotfl:

ashleypride

nollag2006 wrote: »

Wow!!

So you've stayed out of the market for 8 years wasting money on rent during that time?

Instead you have wasted 8 years paying someone elses' mortgage for them.

I spent many a year 'wasting' money on rent, and now as a homeowner, I find myself 'wasting' money on interest, 'wasting' money on home repairs, insurance, improvements etc etc

nollag2006 wrote: »

Just think how well you would be doing if you had grown a spine in 2003 or 2004 and bought a house using a 100% mortgage?

Isn't hindsight a great thing? Those lovely people being allowed to get a 110% mortgage, have done wonderful things to the our current economy haven't they?

brit1234

nollag2006 wrote: »

Wow!!

So you've stayed out of the market for 8 years wasting money on rent during that time?

Sorry where is the wasting of money? You speak of renting as a dirty word but it isn't. It gives me flexibility to live cheaply in central London and save a big deposit for a house. Due to renting have a 15-20 minute on a peddle cycle. If I had bought with a 100% mortgage I would be in the same trouble my friends are in who had to buy out of London with 90+ min plus journey times and stuck in negative equity.

I can afford to have 2 foreign holidays a year also and my quality of life is good.

So have I really wasted my money on renting?

[/QUOTE]

nollag2006 wrote: »

Little wonder that you are so bitter on here trying to talk down house prices constantly.

Sorry but you are the bitter one here stalking my comments. Instead of constructive debate you offer abuse. Hardly the actions of cool headed stable person.

I just warn people of what is going to happen to the housing market in the coming years like when I predicted the first part of the crash which if I remember said wouldn't happen.

Do you deny these price falls won't continue?

nollag2006 wrote: »

Just think how well you would be doing if you had grown a spine in 2003 or 2004 and bought a house using a 100% mortgage?

Instead you have wasted 8 years paying someone elses' mortgage for them.

No surprise really that you come across as so angry.

I'm not paying someones mortgage and I am glad I didn't buy in 2004 or latter otherwise I would be facing the same problems of my friends.

Making a house purchase is the most expensive thing you are likely buy. Sorry if I upset you for doing my research.

I say in return that you are the angry and bitter one with your stalker coments, that is why I put you on my ignore list.

This is a money saving website with people trying to save money. Why are you here if you don't want people to save money?

nollag2006 wrote: »

How is your one man buyers strike working out for you?

:rotfl:

Going really well, massive and growing deposit as well as a furniture and costs fund. I have the flexibility to buy when I want too. Lots of people know and people on here I now know are saving deposits instead of doing shared ownership/equity scams.

How's your bullying campaign going to try and keep house prices artificially overvalued and keep your highly geared and vulnerable buy to let portfolio alight?

EchoLocation

nollag2006 wrote: »

Wow!!
Little wonder that you are so bitter on here trying to talk down house prices constantly.

...

No surprise really that you come across as so angry.

How is your one man buyers strike working out for you?

:rotfl:

You don't have to be a bull or bear or spend even 2 minutes reading the House Price threads on this forum to see quite clearly who the bitter, angry, desperate, vested interest posters are. You're only preaching to the converted and you're fooling no one.

callmechar

Well as a FTB I would hope that the Govt do more....keeping stamp duty exemption would help

dtsazza

Did we learn nothing form the events of 2007?

The sub-prime crash was due in part to the governments helping those who the professionals deemed unworthy of credit. (And the professionals made enough of an error of judgement that the ones they turned down were really hopeless).

Speaking as a taxpayer and a would-be FTB, I don't want the government to use public finances to underwrite housing market transactions like this. The further you distort things from equilibrium, the more tweaking (and funds) it requires, the more your efforts "leak", and the bigger the whiplash when it inevitably reverts to reality.

I agree with Brit - there's no fundamental right to own a house with a <10% deposit. If you want to take out a mortgage, the ball is in the lender's court and you need to save up the deposit to convince them. I am happy that our institutions are showing more common sense in their lending now. (Rest assured if 95% mortgages were sensible and mainstream banks were leaving money on the table, other institutions would be more than happy to provide them and make the associated profit.)

poppysarah

Anything that keeps prices high isn't actually helping anyone *buying* a house. It does help people *selling* them though.