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Debate House Prices
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House Price Rising Fast....2000 Pounds a Month
Comments
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JencParker wrote: »Do you only use quotes you've read?
How could he use quotes that he had not read?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
HAMISH_MCTAVISH wrote: »This is not a "distortion".
It's repairing the broken and dysfunctional mortgage market.
The "distortion" is the mortgage rationing and failed mortgage market we've had for the last 5 years.
How can a percentage of the book living in property and borrowing on terms that cannot achieve through their own means not be a distortion.
Without that continuing help they would be forced to try and renegotiate terms or sell up at the end of the 3/4/5 year offer period when the package is withdrawn.
It is like providing insulin to a diabetic."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 -
Some live examples from me of how a more confident and brisk market impacts on wider economy;
+ I've seen a marked increase in small developer loans - for example 1 man band builders buying a bungalow to convert into 2 semis
+ This causes them to employ others such as electricians, and they all then buy more materials and spend more money
+ Increase in remortgaging and home moving which stimulates demand in other sectors such as kitchen manufacturers
+ More work for me, surveyors, Banks, accountants, Solicitors
+ More demand for insurance, to include from the small developers that have to insure the site and materials during the build0 -
grizzly1911 wrote: »How can a percentage of the book living in property and borrowing on terms that cannot achieve through their own means not be a distortion.
Buyers have to deal with the market as it is.
For the last 5 years, the distortion created by the credit crunch has resulted in millions being prevented from buying.
Now the government is taking action to repair the damaged mortgage market, specifically to allow more people to buy.
That is not a distortion. It's part of the recovery.Without that continuing help they would be forced to try and renegotiate terms or sell up at the end of the 3/4/5 year offer period when the package is withdrawn.
.
Eh?
AFAIK the guarantees will stay in place until 80%+ equity has been achieved. Buyers are purchasing that guarantee, it's self funding.
The scheme may be closed to new entrants if lending gets back to normal, or can be extended if it doesn't.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »
Eh?
AFAIK the guarantees will stay in place until 80%+ equity has been achieved. Buyers are purchasing that guarantee, it's self funding.
The scheme may be closed to new entrants if lending gets back to normal, or can be extended if it doesn't.
So doesn't this mean that people who use the help to buy scheme are getting an unfair advantage over people who will be buying houses in the future once the scam has been withdrawn.0 -
shortchanged wrote: »So doesn't this mean that people who use the help to buy scheme are getting an unfair advantage over people who will be buying houses in the future once the scam has been withdrawn.
Lets say two people have an identical, treatable, illness.
One of them goes to the doctor and gets medicine. He gets better in a week.
The other one stays at home worrying about his illness. He gets better in a month.
Does the person who used the medicine on offer from society have an "unfair advantage" over the person who didn't?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
shortchanged wrote: »So doesn't this mean that people who use the help to buy scheme are getting an unfair advantage over people who will be buying houses in the future once the scam has been withdrawn.
That's just life. My parents had advantages I do not and vice-versa, who cares?0 -
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Oh, I rather suspect most who visit this board are very concerned that they young of today should have the same opportunity to get a mortgage with a 5% or 10% deposit as previous generations did.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Oh, I rather suspect most who visit this board are very concerned that they young of today should have the same opportunity to get a mortgage with a 5% or 10% deposit as previous generations did.
A 5% or 10% deposit? Maybe in the wilds of Scotland but you'd need a lot more than that here.0
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