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Debate House Prices
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CRASH! Required mortgage deposits fall by 75%....
Comments
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Why on earth would FT buyers what want to saddle themselves with massive debt on a last gasp political scam to keep house prices artificially high by over 40% is nothing short of VI desperation.
They want to buy a house? They don't think there's going to be a 40% crash anytime soon? It would seem rude to turn down a mortgage 20% of which is at 0% for five years?0 -
They want to buy a house? They don't think there's going to be a 40% crash anytime soon? It would seem rude to turn down a mortgage 20% of which is at 0% for five years?
Clear enough response I think.
The thing smamst doesn't appreciate is that by buying a property, generally the buyer saves money on the mortgage versus rent and not considering house price increases.
The above post from smamst indicates that if anyone has that attitude, then they will forever be resigned to rent / share / live with parents.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
That's a great rant.Why on earth would FT buyers what want to saddle themselves with massive debt on a last gasp political scam to keep house prices artificially high by over 40% is nothing short of VI desperation.
Banks would easily lend at 95% if house prices were at their correct level, to have a government backed schema to enable 95% mortgages just confirms that house prices are ridiculously overvalued.
Shameful behaviour by the usual suspects here desperate to burden young people with massive debts that WILL take them into negative equity.
All you have done is show that you don't understand.0 -
IveSeenTheLight wrote: »Clear enough response I think.
The thing smamst doesn't appreciate is that by buying a property, generally the buyer saves money on the mortgage versus rent and not considering house price increases.
The above post from smamst indicates that if anyone has that attitude, then they will forever be resigned to rent / share / live with parents.
I do have to agree with this, even if my house does reduce in value a little if I had spent the last 18 months renting I would have nothing to show for it, meanwhile I now have 23.5 years left on the mortgage.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120
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