We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

95% mortgages are part of an aspirational society, 80% mortgages a social problem

124»

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    difficult to see how pent up demand diminishes without more houses being built

    My reference was to the people that that have the ability to obtain a mortgage at a 90% - 95% LTV level. As there's many that will be unable to for a variety of reasons.

    With disposable income still falling for the vast majority (gross annual pay rises around 1%). So there's a brake being applied in terms of income multiples as well.
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    CLAPTON wrote: »
    difficult to see how pent up demand diminishes without more houses being built

    Demand is not fulfilled only by new builds.

    Over 500,000 people die every year. Do any of these own their own houses? I think they do.

    Do any of their heirs already own houses and/or consist of 2 or more heirs where the cash must be split? I think so.

    If any of the heirs happen to be needing or looking for a house anyway, do you think they come off the 'demand' list? I think so.

    All part of demographics.....
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Loughton_Monkey wrote: »
    Demand is not fulfilled only by new builds.

    Over 500,000 people die every year. Do any of these own their own houses? I think they do.

    Do any of their heirs already own houses and/or consist of 2 or more heirs where the cash must be split? I think so.

    If any of the heirs happen to be needing or looking for a house anyway, do you think they come off the 'demand' list? I think so.

    All part of demographics.....


    yes indeed, if the number of deaths exceeds the increase in population then one might expect a reduction in demand but it seems our population is growing 2-400,000 per annum
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    One could ask why that's important as it is the government that has caused the mortgage famine in the first place

    The Government didn't. Greed of the bankers did.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    The Government didn't. Greed of the bankers did.

    It is government policy to recapitalise the banks in such a way as to penalise people with deposits of less that 20-25%.

    A choice freely made by government and they now 'compensate ' for that by introducing HTB.
  • Annie_Nameless
    Annie_Nameless Posts: 39 Forumite
    edited 10 September 2013 at 9:59PM
    CLAPTON wrote: »
    it is the government that has caused the mortgage famine

    What?

    I'm with Thrugelmir!

    TruckerT

    ps - me and trucker are one and the same! xx
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    CLAPTON wrote: »
    It is government policy to recapitalise the banks in such a way as to penalise people with deposits of less that 20-25%.

    A choice freely made by government and they now 'compensate ' for that by introducing HTB.

    The 'compensation' is directed towards builders, and, as from next year, towards existing property owners.

    FTBs will pay the price. Bankers will continue to enjoy their lives of luxury.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    It is government policy to recapitalise the banks in such a way as to penalise people with deposits of less that 20-25%.

    The concept is so utterly daft. :shocked:
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    The concept is so utterly daft. :shocked:



    indeed so.......................
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture