5k+ homes bought with HTB1 in 6 months

MFW_ASAP

grizzly1911 wrote: »

If UK PLC has a balance of trade deficit where is the money coming from?

My employer has just told me he won't be paying my salary this month because the UK PLC has a balance of trade deficit. I contacted some other employers and they said that they had done the same thing. Apparently no one in the UK is being paid now until the UK PLC rebalances its trade.

That could take years! How am I going to pay my mortgage??? Help!!!:eek:

the_flying_pig

HAMISH_MCTAVISH wrote: »

:rotfl:

Honestly, you couldn't make it up....:T

When demand exceeds supply, prices rise.

So the solution must be to artificially restrict demand then, right?

(it's at times like this I miss the rolleyes smiley)

i think you're being a tad silly here.

this chap andrew lilico has a first economics degree from oxford & a phd in economics from ucl.

add to this c. 20 years of practical experience in economics including being on the shadow MPC & so on & i think we're talking about someone who's put rather more thought into questions of supply and demand than most estate agents.

the_flying_pig

HAMISH_MCTAVISH wrote: »

Heh heh....

Lets look at who else is in the category of "one or so" then shall we....

The Prime Minister of the UK.


http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10439606/David-Cameron-95pc-mortgages-will-help-people-buy-their-dream-home.html

Lets see what else he said...



Now.... Lets see.

Who should we listen to?

The Prime Minister of the UK, or some random internet nutter that posts on a forum (hpc) dedicated to bringing on a crash in house prices no matter what the cost to society.

Well gosh....

Tough choice.


















Not.:)

this is [for a change] getting a bit silly, but for starters:

1 - dave is the PM whose government announced this as a flagship policy very recently. do you think he can altogether be viewed as a neutral on this issue?

2 - as you have at least tacitly admitted on many occasions the educated, informed, consensus is very much anti-HTB2. very very much. we're absolutely not talking about some isolated david icke figure and/or an internet poster calling himsel the flying pig. why pretend otherwise?

3 - even amongst the very few informed, non-biased, advocates of HTB2 [assuming that any exist] it's abundantly obvious that the debate does not boil down to a silly emotive question about whether home ownership is good or not, that there are no other pros & cons to consider. in terms of reasoned anti-HTB2 viewpoints any of us could easily, online now using google, find say, 20 of these in 5 minutes, anotehr, what, 30 or so [?] in an hour, and probably, given a whole day, teh best part of 100. why pretend to believe otherwise?

Graham_Devon

the_flying_pig wrote: »

this is [for a change] getting a bit silly, but for starters:

1 - dave is the PM whose government announced this as a flagship policy very recently. do you think he can altogether be viewed as a neutral on this issue?

2 - as you have at least tacitly admitted on many occasions the educated, informed, consensus is very much anti-HTB2. very very much. we're absolutely not talking about some isolated david icke figure and/or an internet poster calling himsel the flying pig. why pretend otherwise?

3 - even amongst the very few informed, non-biased, advocates of HTB2 [assuming that any exist] it's abundantly obvious that the debate does not boil down to a silly emotive question about whether home ownership is good or not, that there are no other pros & cons to consider. in terms of reasoned anti-HTB2 viewpoints any of us could easily, online now using google, find say, 20 of these in 5 minutes, anotehr, what, 30 or so [?] in an hour, and probably, given a whole day, teh best part of 100. why pretend to believe otherwise?

Have to back this up.

This is the problem with this forum at the moment. It's the belief that everyone that holds a different view can be popped into a neat little box labelled "nutter".

In this case, it appears that everyone who holds a less than positive view on HTB wants the "remove the buyers choice to own". That's now stuck and that's now apparently the way it is.

It's just absurd, but you can't get past it. It appears simply to be a debate killer...one that doesn't allow for any further debate on the subject, no matter what you put forward. (in this case, nearly everyone bar the government and those involved in selling houses being against HTB). Put simply, the people you are trying to put this too simply are not listerning.

chucky

Graham_Devon wrote: »

This is the problem with this forum at the moment. It's the belief that everyone that holds a different view can be popped into a neat little box labelled "nutter".

No, that's not the case in my experience.

You are making things up again.

Loughton_Monkey

Graham_Devon wrote: »

Have to back this up.

This is the problem with this forum at the moment. It's the belief that everyone that holds a different view can be popped into a neat little box labelled "nutter".

In this case, it appears that everyone who holds a less than positive view on HTB wants the "remove the buyers choice to own". That's now stuck and that's now apparently the way it is.

It's just absurd, but you can't get past it. It appears simply to be a debate killer...one that doesn't allow for any further debate on the subject, no matter what you put forward. (in this case, nearly everyone bar the government and those involved in selling houses being against HTB). Put simply, the people you are trying to put this too simply are not listerning.

This is simply not true, and if you think that way, you must be a nutter.

Sounds like you want to remove the buyers' choice to own.

So that kills the debate and no further debate is necessary. If you want to disagree, nobody will listen.

wotsthat

Graham_Devon wrote: »

This is the problem with this forum at the moment. It's the belief that everyone that holds a different view can be popped into a neat little box labelled "nutter".

That's completely untrue. My box is labelled 'usual suspects'.

Loughton_Monkey

wotsthat wrote: »

That's completely untrue. My box is labelled 'usual suspects'.

Mine is called unusual suspects!

Thrugelmir

TruckerT wrote: »

I may be wrong, but it seems to me that suddenly there are lots of 95% mortgages available from lenders who are not taking part in the HTB scheme(s). How does that work?


TruckerT

Always been 95% mortgages available. Though not in the same quantity as now.

Nationwide is one lender, and as yet hasn't signed up to the scheme. As appears to see no need. Probably as they operate their save to buy account for FTB's.

TruckerT

HAMISH_MCTAVISH wrote: »

Correct.

The solution to a liquidity crisis is always going to be the provision of liquidity.


But, until v recently, the banks have seen no reason to supply liquidity to the mortgage industry. What has suddenly changed? Please don't say 'HTB' - there are relatively few lenders who seem to be willing to pay the price of HTB.


As has been shown hundreds of times on this board, and even noted by economists on the BOE's MPC, it wasn't UK house prices or UK residential mortgage debt that caused the banking crisis.


As you know, I am no more expert or knowledgeable about these things than anybody else, but I have only ever seen three opinions that the worldwide banking crisis was not the result of a western property bubble. Yours, Clapton's and Stephanie Flanders'.

TruckerT...