Help to buy has to go

PaulF81

more likely to see constraints on the total mortgage market than uber increased IRs.

Minrich

AndyGuil wrote: »

The demand is also made up from people that already own property. So the idea that it becomes unaffordable isn't black and white. The market doesn't need to rely on new buyers to survive. People build up equity and value in their current property and this effectively reduces the cost of the next property.

Total drivvle ! So how does it make the next house cheaper ?

Take two houses one 200k the other 500k if house prices go up 10% the 200k becomes 220k and the 500k becomes 550k

So at the original value to buy the new one would cost 300k
Aftyer the price rise it will cost 330k , not my idea of cheaper !

Also the reason the market was stagnant was that new buyers could not get on the ladder , as soon as that changed look what happened