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Debate House Prices
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Help to Buy is nothing but an election ploy....
Comments
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grizzly1911 wrote: »Why should the colour matter?
It shouldn't.0 -
It shouldn't.
Unless you are in the path of something big and extraterrestrial or will benefit most from a particular shade."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 -
Yes, because short term election fixes can be worse in the long run, and I doubt if that crisis was any more than a blip. The Financial sector hasn't been sufficiently reformed, and a disaster is always on the horizon until it is.
Would you prefer more and more property to fall under the ownership of BTL LL's ?0 -
Yes, because short term election fixes can be worse in the long run, and I doubt if that crisis was any more than a blip. The Financial sector hasn't been sufficiently reformed, and a disaster is always on the horizon until it is.
It has not been reformed at all. The banks living wills are a start but the moment there is a crisis it will strike all the banks again. The underlying problem of too much private debt has not been addressed at all and has in many respects been worsened by the help to buy schemes. Though if we allowed the housing market to fall to truly sustainable levels then all the banks would be insolvent.
I am determined to clear any and all debts before it all comes to a juddering halt soon enough. It might be a few years but hopefully I will be prepared.It's really easy to default to cynicism these days, since you are almost always certain to be right.0 -
It has not been reformed at all. The banks living wills are a start but the moment there is a crisis it will strike all the banks again. The underlying problem of too much private debt has not been addressed at all and has in many respects been worsened by the help to buy schemes. Though if we allowed the housing market to fall to truly sustainable levels then all the banks would be insolvent.
I am determined to clear any and all debts before it all comes to a juddering halt soon enough. It might be a few years but hopefully I will be prepared.
what would you like to be done about private debt?0 -
The underlying problem of too much private debt has not been addressed at all and has in many respects been worsened by the help to buy schemes.
Advancing money to those who can afford to repay it. Is a different issue to the zombie borrowers that already exist. Allowing the housing market to correct sharply wouldn't help them either.0 -
Thrugelmir wrote: »Advancing money to those who can afford to repay it. Is a different issue to the zombie borrowers that already exist. Allowing the housing market to correct sharply wouldn't help them either.
But Nationwide are lending on the HTB scheme to people who are ex bankrupts ,discharged but they walked away from ther debts and some only discharged in 2006-7. I can understand if they had 30-50% deposit but they are only putting down 5% deposit and the taxpayer is acting as guarantor for the other 20%.
Nothing has changed Thrug, its just back to loose lending.0 -
A mortgage broker was on t'radio today saying that those taking advantage of HTB with a 5% deposit will be in a much stronger position than those with a 20/30% deposit.
When rates rise they will be cushioned as they are paying higher rates for the privilege. They won't be so greatly affected by those rate rises as they will be able to "drop" down to SVR/link products.
Those with the 20/30 deposit benefiting from low rates now will be stung was his suggestion.
Quite a perverse logic."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 -
If HTB is an election ploy then it hasn't worked on me. Any means that keep the housing market inflated and suppress supply is something that I will vote against.Generation Rent0
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