NewBuy - a scam to transfer from poor to rich

Loopgames

With all do respect..it's not rocket science to predict that 'confidence will increase into spring'...property sales are seasonally cyclical...even I learned that in my GCSE Economics when I was 15.

I'm starting to think that people's memory span lasts no longer than a season possibly 2 seasons but that may be optimistic.

julieq

General economic confidence, not housing market confidence. Anyway, if that's true, how come the usual suspects were saying otherwise?

Loopgames

julieq wrote: »

General economic confidence, not housing market confidence. Anyway, if that's true, how come the usual suspects were saying otherwise?

If what was true? I'm not responsible for the ignorance of other people...whoever these 'usual suspects' are. A quick google search should help fill this..http://ideas.repec.org/p/cep/cepdps/dp0922.html

It's generally a given ie. goes without saying that seasonal cycles exist...the cheery weather may have somthing to do with it.

I take it for granted now so that I purchase property or advise family to do so in the winter and sell in the summer...difficult if you can only do this simultaneously ie. when on the next rung of the ladder.

playaz

thelawnet wrote: »

How the F*** do you earn £180k/year but are not able to save a deposit?
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Wow.. great points it all seems to make sense though - I mean 500k !!!!!!! How thought 500k is a reasonable for FTB! Thanks dude!