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Under 600k London Properties could boom with 'help to buy'
padington
Posts: 3,121 Forumite
Worth a thought, the 600k cap on the new 'help to buy' scheme could have a profound effect on cheaper London properties ...
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
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Comments
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Help to Buy is unlikely to have a profound effect on anything other than pushing up prices...0
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Lets be honest, it will probably have no effect on anything then die a very unsupported death, like most government ideas
It was just for show0 -
why "London"?FACT.0
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the_flying_pig wrote: »why "London"?
Perhaps that is where most peolpe may be able to afford £600k properties that can't afford a decent deposit and would only buy you a converted rabbit hutch?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
the_flying_pig wrote: »why "London"?
Because of all the reasons London is proving to be the best investment location in the UK without 'help to buy' already.
I bought a rabbit hutch 12 months ago in north London for under 300k and its gone up by 45k since then with no work doing to it. Pretty handy rabbit hutch.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Did you sell it for £45k more? Not bad if you can get it.:eek:Living frugally at 24 :beer:
Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post697977710 -
What do we think will happen in 5 years time once the 0% deposit loan expires?
Screams sub-prime problems to me, just like USA experienced with Freddie Mac/Fannie Mae0 -
grizzly1911 wrote: »Perhaps that is where most peolpe may be able to afford £600k properties that can't afford a decent deposit and would only buy you a converted rabbit hutch?What do we think will happen in 5 years time once the 0% deposit loan expires?
Screams sub-prime problems to me, just like USA experienced with Freddie Mac/Fannie Mae
In five years time it will be boom time economically. USA will be having really cheap energy and passing it on to us. Our digital start ups will be flying. Financial centre making a ton. Tourism up massively, cool Britannia feeling back. London produce very popular all over the world.
Then things will go really crazy. It's a London bull market for the next 10 years I reckon.
Then in about 10- 15 years well see a nasty crash but not back down to where we are today and worse in many other places.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Because of all the reasons London is proving to be the best investment location in the UK without 'help to buy' already.
I bought a rabbit hutch 12 months ago in north London for under 300k and its gone up by 45k since then with no work doing to it. Pretty handy rabbit hutch.
The 600k thing is for new builds only...
Dunno how many newbuilds are going on in london, but the only effect it would have on your place would eb to reduce demand.0 -
There's no point talking up a market that hasn't even been allowed to finish dropping. The market forces will win come what may.Warning: any unnecessary disclaimers appearing under my posts do not bear any connection with reality, either intended, accidental or otherwise. Your statutory rights are not affected.0
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