Took the home owners marching band out today

vivatifosi

moneyinmypocket wrote: »

Suddenly they charged us!!

And there I was thinking in house owning land it was the BTLers doing the charging.

wotsthat

Generali wrote: »

It's a bit cold for that sort of thing. A groin thrust from a gentleman is more impressive in warm weather.

A groin thrust from a homeowner is impressive whatever the weather.

It's only renters that need to check the weather forecast before exposing themselves.

chem1st

Just wait until we have wage inflation and they raise interest rates. Only a couple of years to go!

moneyinmypocket

chem1st wrote: »

Just wait until we have wage inflation and they raise interest rates. Only a couple of years to go!

So what do you think will happen to renters if this happens? Are they not still paying rent at the moment, are they not seeing rent go up each year currently?

There is this myth that renters are sitting up loads of money and are waiting for a hpc in order to buy for a knocked down price - I would bet most renters have little to no savings!

Another myth to dispell is that house prices are going to crash - it's now 2013, 6 years on from the banking crisis and still prices are rising , all this time renters have paid rent, homeowners have paid thier mortgage!

chem1st

moneyinmypocket wrote: »

So what do you think will happen to renters if this happens? Are they not still paying rent at the moment, are they not seeing rent go up each year currently?

There is this myth that renters are sitting up loads of money and are waiting for a hpc in order to buy for a knocked down price - I would bet most renters have little to no savings!

Another myth to dispell is that house prices are going to crash - it's now 2013, 6 years on from the banking crisis and still prices are rising , all this time renters have paid rent, homeowners have paid thier mortgage!

Renters will adapt their behaviour - as saving becomes rational, they will drive down rents and save hard, by moving in with friends/family. Some are already doing this.

I agree, most renters aren't sitting on loads of money, many are on benefit, that includes working renters.

Houseprices are continually falling in real terms, the government won't let them crash nominally as the banks would collapse and the £. They are slowly trying to rebalance the economy.

For many the sensible thing to do is take early retirement in the form of dole. For young people it makes a lot of sense, a sensible hedge against the future, because the way things are going, you'll be unlikely to retire. Learn some skills (without accruing debt), then re-enter the economy down the line. Build a business in the shadows.

Rents will collapse first, unless the government continues to prop them up via LHA and HB.

And pretty soon there will also be a demographic effect as more homeowners die than FTBs enter the market.

Mr._Pricklepants

chem1st wrote: »

And pretty soon there will also be a demographic effect as more homeowners die than FTBs enter the market.

Those bear arguments get better by the day! :rotfl:

grizzly1911

moneyinmypocket wrote: »

Another myth to dispell is that house prices are going to crash - it's now 2013, 6 years on from the banking crisis and still prices are rising , all this time renters have paid rent, homeowners have paid thier mortgage!

In the SE and certain other honey pots they maybe.

In many others they have fallen, even if in real terms 6 years at least 20%.

They may well still be up on long term trend.

I do not rent and have no interest in prices falling long term.