OECD calls for restrictions on help to buy

CLAPTON

Graham_Devon wrote: »

You do state more houses should be built. I'm not sure whether this is because you know it simply wo't happen.....because on every single other thread that gives other options, you find any way of suggesting [they] are wrong.

With this, it's the fact that the OECD predicted a triple dip, and therefore, what they say about HTB should be ignored.

It's a frankly bizzare way to ignore their statements.

As for your belief that they should be lower, I'm not sure whether this is just a wheeze to be frank, as every time someone else suggests they should be lower, you talk about banks going bust and therefore it's the savers who will pay for the wishes of lower house prices.

the OECD like all the others, is often wrong.
mayonnaise's post above gives a few amusing examples.

to observe that people with preconceived views, highlight 'authoritative' reports that support them and ignore others isn't really rocket science.

I do not recognise your other comments.

my general views are oft repeated
-we need more housing
-brown field site should be a primary source
-green field site should be used as required
-need to reform the planning laws
-need to scrap artificial costs on new builds (e.g. affordable housing obligations )
-need to introduce a land value tax
-should reform taxation of farm land that is re-zoned as building land so society shares the value added.

and a few I can't remember

but no, I have never posted in favour of HPI : I have posted about it's inevitability within the existing system but with regret

the_flying_pig

Joeskeppi wrote: »

Might as well just ban FTBers and have done with it. Bigger deposits, less lending, we know how that pans out.

You should write to the oecd making that insightful point.

chucky

mayonnaise wrote: »

https://forums.moneysavingexpert.com/discussion/1138299

https://forums.moneysavingexpert.com/discussion/1599413

https://forums.moneysavingexpert.com/discussion/1923257

These links are hilarious, Graham has started threads with his usual scaremongering on the OECD...

Here are some of his gems...

From 2008

Graham_Devon wrote: »

The OECD says we are worst placed to withstand the global crisis

This one is from 2009...

Graham_Devon wrote: »

House prices in Britain have nowhere near bottomed out even after a 20% dive, the Organisation for Economic Cooperation and Development warned yesterday.

Yet another one from 2009

Graham_Devon wrote: »

The OECD expects both the US and the eurozone to exit recession in the third quarter, saying developments in recent months had been "mostly favourable".

You would have thought he would have learned by now... :rotfl:

purch

Bank must burst housing bubble

So say's the headline in todays Torygraph.

Now that WOULD be a dumb idea. :eek:

MrRee_2

Graham simply posts links to whatever takes his fancy ......

He knows that most of his links are to stir debate and that's what we are here for.

I take the view that what is happening is happening - 'experts' need to look outside their ivory towers ........

We can debate all we like here, it makes zero difference to anything.

Graham_Devon

MrRee wrote: »

Graham simply posts links to whatever takes his fancy ......

He knows that most of his links are to stir debate and that's what we are here for.

I take the view that what is happening is happening - 'experts' need to look outside their ivory towers ........

We can debate all we like here, it makes zero difference to anything.

It's a Debate House prices and Economy board.

In any normal times, the OECD stating to the government that they should reign in demand side policies to avoid the fallout of high prices would be a platform for decent discussion.

Not on here though, as every single thread that doesn't include clappy icons that house prices are rising are taken over with this sort of nonsense.

I guess time was called long ago on the debate part. So probably my fault for attempting to keep it going.

mayonnaise

Graham_Devon wrote: »

It's a Debate House prices and Economy board.

In any normal times, the OECD stating to the government that they should reign in demand side policies to avoid the fallout of high prices would be a platform for decent discussion.

Not on here though, as every single thread that doesn't include clappy icons that house prices are rising are taken over with this sort of nonsense.

I guess time was called long ago on the debate part. So probably my fault for attempting to keep it going.

Ah come on, Graham.

It's been pointed out before the OECD has a pretty poor record of forecasting or advising on anything. I have posted a couple of links showing them to utter the biggest nonsensical claptrap.
It's normal to question the source of any information. It's part of the debate.

But on topic, it's a known fact that HTB has a minimal impact on house prices. HTB is pretty non-existent in areas where we have the largest HPI. Data from HTB lenders, most notably the Halifax, have shown HTB to be most prominent in areas with the least HPI : outside London and the SE.

The mistake you and many other make is to see the implementation of HTB coinciding with a rise in house prices and linking the two as cause and effect.

Generali

Graham_Devon wrote: »

It's a Debate House prices and Economy board.

In any normal times, the OECD stating to the government that they should reign in demand side policies to avoid the fallout of high prices would be a platform for decent discussion.

Not on here though, as every single thread that doesn't include clappy icons that house prices are rising are taken over with this sort of nonsense.

I guess time was called long ago on the debate part. So probably my fault for attempting to keep it going.

Actually I read MrRee's post as supporting your position as unlikely as it may seem.

Graham_Devon

mayonnaise wrote: »

The mistake you and many other make is to see the implementation of HTB coinciding with a rise in house prices and linking the two as cause and effect.

Look at any chart since say 2010 and you will see stable house prices up until April 2013 when HTB was announced.

At the very point HTB and HTB2 are announced, the chart increases dramtically.

The HTB effect goes further than the houses bought via HTB.

The underpinning of the housing market by this policy has increased confidence. I could link back tpo threads started around June 2013 by myself linking up to BTL investment forums stating "buy in quick before Dec 2013 to make the most of the increase HTB will cause". The investors knew this was a massive underpinning and took the opportunity to buy up property before HTB2 took hold to maximise from the prices rises HTB would create. They weren't wrong.

I could link to threads where I said this would happen (this isn't me being trying to wrap myself in glory, it was obvious) to be told it wouldn't as it would only effect a handful of homes bought under HTB. But there is little point in linking back to them as it proves nothing really other than it was stated. I think conrad stated the same thing.

I think it's more than just a coincidence that house prices are running at 10.9% YOY inflation since the announcement of HTB. These prices rises as a result of underpinning the market via mortgage guarantees were well talked about before they happened. Writing it off as a coincidence is all too easy IMHO.

wotsthat

Graham_Devon wrote: »

I think it's more than just a coincidence that house prices are running at 10.9% YOY inflation since the announcement of HTB. These prices rises as a result of underpinning the market via mortgage guarantees were well talked about before they happened. Writing it off as a coincidence is all too easy IMHO.

It's a conspiracy theory rather than a coincidence.

HTB will be having an effect but you're witnessing what happens when a recovery and housing shortage meet. It's a London and South East phenomenon at the present time but it'll radiate outwards.

Meanwhile in Devon prices are lower than 4 years ago and current HPI is only just above general inflation.

Loughton_Monkey wrote: »

Never in the field of house price economics, has so much HPI been blamed on so few....