Osbourne: Rising House Prices for next 10 Years

Frugalsod

I cannot find the link. The problem is that it is even higher than that link being sub prime. From memory I think the figure is 56% being subprime. The median savings for the UK is very very low.

http://www.theguardian.com/money/2013/feb/25/millions-britons-without-future-savings

Without first time buyers the foundations of a housing bubble depend on ponzi finance to keep going. There are plenty of signs of potential problems out there if you actually look. Signs like middle market supermarkets Christmas sales being poor, the discounters doing better.

moneyinmypocket

There is definitely more room for rent price hikes - BTL is a business and those who got into BTL are providing a service - that service is now becoming more expensive due to market forces. People have been saying to the HPC gang to buy if you can and they ignored the advice hoping to buy a home for 50% off! Well this hadn't happened and prices are going up and rents are going up

CLAPTON

Frugalsod wrote: »

I cannot find the link. The problem is that it is even higher than that link being sub prime. From memory I think the figure is 56% being subprime. The median savings for the UK is very very low.

http://www.theguardian.com/money/2013/feb/25/millions-britons-without-future-savings

Without first time buyers the foundations of a housing bubble depend on ponzi finance to keep going. There are plenty of signs of potential problems out there if you actually look. Signs like middle market supermarkets Christmas sales being poor, the discounters doing better.

surely it's a good sign that people are cutting back and buying cheaper goods so allowing more income to save to buy a property

Frugalsod

CLAPTON wrote: »

surely it's a good sign that people are cutting back and buying cheaper goods so allowing more income to save to buy a property

It does not work like that, if people have still do not enough income to pay higher rents or to save. Have you not seen the surge in the use of food banks by the working poor?

CLAPTON

Frugalsod wrote: »

It does not work like that, if people have still do not enough income to pay higher rents or to save. Have you not seen the surge in the use of food banks by the working poor?

it's unlikely that people using food banks are the sort of people who could reasonably aspire to buy their own home

food banks are used by less than 1% of the population

Frugalsod

Here is the 56% subprime source.

http://business.time.com/2014/01/30/nearly-half-of-america-lives-paycheck-to-paycheck/

Thrugelmir

CLAPTON wrote: »

surely it's a good sign that people are cutting back and buying cheaper goods so allowing more income to save to buy a property

Or save for retirement i.e. a pension.

Bantex_2

moneyinmypocket wrote: »

There is definitely more room for rent price hikes - BTL is a business and those who got into BTL are providing a service - that service is now becoming more expensive due to market forces. People have been saying to the HPC gang to buy if you can and they ignored the advice hoping to buy a home for 50% off! Well this hadn't happened and prices are going up and rents are going up

Why are some that post on here obsessed with HPC?

HAMISH_MCTAVISH

Bantex wrote: »

Why are some that post on here obsessed with HPC?

Why are some that post on HPC obsessed with Mumsnet?

Turnbull2000

House prices in my mother's neighbourhood in North Tyneside are finally surging. Small 2 bed terraces that fetched 140K in 2012-13 are now going for 160K. Was only a matter of time before the ripple effect took hold outside of London and SE.