BOE's prority must be preventing another housing boom.

Jimmy_31

Mr._Pricklepants wrote: »

Uh-oh.
Jimmy Che Guevara and his sidekick are on a roll.
Revolution.....:rotfl:
The sense of entitlement strikes again.
It's simple Jimmy, home ownership in this country is within reach of everybody. Everybody.
Many people achieve it daily through putting in hard graft, extra hours, second jobs or lifting their income through education and learning new skills.
Others spend spend their time on an internet forum trolling all day.

I can go out and buy a house now, it would be a pretty stupid move since prices are falling around here.

Sense of entitlement ?

Are you saying people shouldnt feel entitled to a home of their own ?

Ahh i get it, your one of them who thinks people who work in factories or in low paid jobs should just shut up and rent.

shortchanged_2

Conrad are you getting a little jittery about your predictions of the start of a boom by the summer of 2012?

Conrad

Jimmy_31 wrote: »

Well put it this way, if i had to pay rent and couldnt ever save a house deposit up, at some point i would probably kick off.

Not much left out of a wage packet once the BTL Landlord has been fed.

How do you pay the rent when you have retired with no pension ?

The evidence from Germany and elsewhere indicates there will be no riot.

The LL is being fed thanks largely to toughened mortgage regulation instituted after 2007, which has thrown millions into the arms of LL's. Classic leftwing intervention that's backfired massively. Unfortunately the Tories are blissfuly unaware of the impact of Labours regulation, they dont even know it's an issue.


If you cant pay the rent when you retire, you go to the council and cross your fingers.

Why is it I meet recent immigrants who came here with nowt and DID save a deposit, buy a home and ARE building thier longterm wealth? Are they super Human?

shortchanged_2

wotsthat wrote: »

I keep hearing that - is it true?

Yes they have much longer tenancy agreements do not face such a risk of being booted out at short notice. They are pretty much able to treat their rental property as their home.

Conrad

shortchanged wrote: »

Conrad are you getting a little jittery about your predictions of the start of a boom by the summer of 2012?

Not really, I think the tanker is turning now and I await the 'surprise turn in fortunes' headlines by summer+

We're trading with many parts of the world that are experiencing robust growth and I see every reason to be optimistic going forward.

you feelin it.........:rotfl:

Jimmy_31

wotsthat wrote: »

I don't want anything to kick off. I've got a nice house and the last thing I want is for it to be taken away after the revolution.

That said I don't think my prediction is that left field either - we're already seeing pure investors owning a bigger proportion of the property market.

Interesting times ahead.

Interesting is one word for it

ILW

A maximum of 6 months security even if you do keep up the rent does not sound like much fun at all. I believe it is a lot more secure in Germany.

Conrad

wotsthat wrote: »

I keep hearing that - is it true?

I own some cheap flats in Germany, oddly enough with one of the early housepricecrash key personalities (honest - he's still a bear on the UK), and our tenants have a lot of security and it's a very good system. It's good for LL's too, in that we have a very stable income regime and get automatic rent increases if we improve a property. The tradesmen are incredibly precise and thorough compared to British plumbers etc. They send us vast reports and photos before they even get the job!

The block we purchased has tenants that have been there since the 1960's. One tenant is the local mayor - it really is a different world. This is in Eastern Germany near the Polish border - we now get more Poles - they get everywhere!

Jimmy_31

Conrad wrote: »

The evidence from Germany and elsewhere indicates there will be no riot.

The LL is being fed thanks largely to toughened mortgage regulation instituted after 2007, which has thrown millions into the arms of LL's. Classic leftwing intervention that's backfired massively. Unfortunately the Tories are blissfuly unaware of the impact of Labours regulation, they dont even know it's an issue.


If you cant pay the rent when you retire, you go to the council and cross your fingers.

Why is it I meet recent immigrants who came here with nowt and DID save a deposit, buy a home and ARE building thier longterm wealth? Are they super Human?

No point walking to the council with your fingers crossed as all the council properties are full around here.

The immigrants you mention are probably not superhuman but neither are the people i know who work min wage and cant save a deposit due to forking it all out on rent.

Looks like we will need lower prices, higher wages or live ten to a 1 bed flat for 20 years to save up a deposit.

You think they would just let us build a house in the country we were born in wouldnt you, problem buying the land from that old woman who thinks she owns it all though i suppose.

wotsthat

shortchanged wrote: »

Yes they have much longer tenancy agreements do not face such a risk of being booted out at short notice. They are pretty much able to treat their rental property as their home.

Just googling - http://www.globalpropertyguide.com/Europe/Germany/Price-History

There are some similarities to the UK in that they aren't building enough houses and rental yields are increasing.

Prices look cheaper than the UK but not by that much and they are catching up.