Really depressed by the news about Help to Buy...

HAMISH_MCTAVISH

demontfort wrote: »

Hamish I can't even be bothered to read the house price ramping tripe you write, it makes as much sense as a chocolate fireguard.

And yet I have been right about house prices over the last few years while you and many others have been catastrophically wrong.

[Deleted User]

This is really bad news. I'm not ready to buy yet, and even January was going to be a real push. All it means is more house price inflation before I can get into the market, and more people competing with me.

HAMISH_MCTAVISH

DELETED USER wrote:

This is really bad news. I'm not ready to buy yet, and even January was going to be a real push. All it means is more house price inflation before I can get into the market, and more people competing with me.

Yes.

It must be terrible news that more people can now buy houses.

And that you can't take advantage of the artificially low house prices caused by other people's misfortune while most are victimised by mortgage rationing.

What a disaster....:(

demontfort

HAMISH_MCTAVISH wrote: »

And yet I have been right about house prices over the last few years while you and many others have been catastrophically wrong.

I don't deny you've been right. But it's like predicting a football match result where you've bribed the ref. I don't think anyone including yourself would have predicted the stupidity of the Government and BOE with regards to their meddling in the market. It's as if all you dreams and more have come true.

Good luck to you if you benefit from rising prices (I also now own a house in the bubblepolis that is London) but don't try and kid us that these cynical policies are for the long term benefit of FTBs or the economy.

mrginge

HAMISH_MCTAVISH wrote: »

Happy to debate the facts if you want.

Although I rather suspect you have no inclination to do so.

Preferring instead to cling on to the misguided and wholly irrational viewpoints of the crashaholics.

So you like the graph then?

:rotfl::rotfl::rotfl::rotfl:

HAMISH_MCTAVISH

demontfort wrote: »

I don't deny you've been right. But it's like predicting a football match result where you've bribed the ref. I don't think anyone including yourself would have predicted the stupidity of the Government and BOE with regards to their meddling in the market. It's as if all you dreams and more have come true.
.

The govt and BOE are doing their job as regulators to restore functionality to a still dysfunctional lending market.

Simple as that.

You'd have to have been extraordinarily naive to think they would just let the mortgage markets fail, prices crash as a result, and for all that to bring down the wider economy without doing something about it....

Oh wait.... Did you think that? :rotfl:

JencParker

HAMISH_MCTAVISH wrote: »

The govt and BOE are doing their job as regulators to restore functionality to a still dysfunctional lending market.

Simple as that.

You'd have to have been extraordinarily naive to think they would just let the mortgage markets fail, prices crash as a result, and for all that to bring down the wider economy without doing something about it....

Oh wait.... Did you think that? :rotfl:

Why should mortgage markets fail and prices crash without this ridiculous intervention?
It will only bring down the wider economy because it plays too large a part in the wider economy. There is the problem! For too long the emphasis has been on house price rises and making money out of property when the emphasis should be on industry.

HAMISH_MCTAVISH

JencParker wrote: »

Why should mortgage markets fail and prices crash without this ridiculous intervention?
It will only bring down the wider economy because it plays too large a part in the wider economy. There is the problem! For too long the emphasis has been on house price rises and making money out of property when the emphasis should be on industry.

Eh?

Houses are a vital part of the economy, and rightly so.

Why should houses play any less important a part than say, food, clothes, electronics, consumer goods, cars, etc?

Just think for one moment, about the man hours represented by the average house and contents. From quarrying the slates for the roof, or making the bricks, to growing the trees for wood, to producing the fibres for carpets, and mining the metals for wiring.

There is no way any one individual could produce that much in a lifetime of toil, and yet we can buy one on average with just a third of income over half a lifetime of work.

Houses are cheap....

smamst

Don't even think about buying in todays markets anyone reading this thread, house prices are already 50% overpriced, this is just another scheme to keep prices where they are by vested interests.

Once the interest rates go up from what they are now to a realistic level of 5-6% everyone who has taken on a massive debt will default.

Jokers like Hamish just want you lot to cover their BTL investment.

Be Scared, Be Very Scared.

ruggedtoast

Slightly_Squiffy wrote: »

I think that, at the end of the day, if the Tories really, truly wanted to help out buyers they would introduce a sliding scale stamp-duty. I'm buying in London with my fiance and we were trying to keep under the £250k mark, but after pulling out of a purchase due to multiple women being stabbed in the building we were buying in, we have decided to up our limit. And, we figure if we're already taking 3% on the chin on a property at £275k, why not spend the extra £2.5k and max out at £350k and make that hike above the 1% threshold worth our while? It's utterly depressing here in London, ringing up to view a place the same day it goes live on the real estate website and having someone practically laugh at you, saying it's already in a bidding war.

Though it will be nice to know that the lower paid London workers (and lets face it...without them, London ceases to function) might actually have a shot at claiming their own piece instead of it being completely overrun with the wealthy trustafarians and white collar city boys.

Amen brother.