First-time buyers in England offered 20% discount on new homes

Gangaweed

This crackpot policy explains all that's wrong with our politics today.

Gimmick, sound-bite solution rather than addressing the actual problem.

I'm more Conservative than Labour, but policies like these show what fools they are.

Blacklight

Graham_Devon wrote: »

There could be hundreds of different reasons as to why someone hasn't bought a house by the age of 40.

Death, divorce, single with kids, kids who need more care, relatives who need care, learning disabilities, disability ........

I could go on....

Someone in my family has a child with severe downs syndrome. They have had to devote a lot of time to her, which means earning potential has been limited.

Would you say that putting the care of their child before maximum earning potential was bad judgement?

Some valid points there Graham. The government obviously haven't thought it through. It should be open to:

• People under 40.
• Dead people over 40.
• Single people over 40 provided they were married once but now aren't by virtue of divorce alone.
• People over 40 that have kids but are single for any reason, (inclusive of scum-mum career child factories for the purpose of maximising welfare claims).
• Kids over 40 requiring full time care.
• Relatives of kids over 40 who need any sort of care.

Cameron is clearly out of touch with the real world.

Carl31

HAMISH_MCTAVISH wrote: »

If you're over 40 and haven't bought a house, you've been of house buying and working age during some of the abnormally cheapest house prices relative to income in history in the mid 90's, you've had access to cheap mortgages and house prices at historically average multiples of income in the early 2000's, and you've had access to 100% mortgages that were cheaper than average rents in the mid 2000's.

If you still haven't bought a house through all that, you really have nobody to blame but yourself.

What a ridiculous comment, not everyone needs to tug themselves off daily about a load of bricks like people on here, some people actually like to enjoy their life as they choose


Choosing when to buy shouldn't be the issue, one of the problems with housing in this country is how often the access to the market changes due to no fault of the population, more due to silly government decisions

danothy

Carl31 wrote: »

not everyone needs to tug themselves off daily about a load of bricks

You don't know that. It's far more likely that you are the anomaly than it is for everyone else to think like you do.

Loughton_Monkey

Graham_Devon wrote: »

There could be hundreds of different reasons as to why someone hasn't bought a house by the age of 40.

Death, divorce, single with kids, kids who need more care, relatives who need care, learning disabilities, disability ........

I could go on............

So could we all.....

• Completely wasted their education, coming out with no qualifications, and only fit to earn minimum wage as a burger flipper.
• Decided that lying in bed until 11 a.m. is a far easier life than getting up at 7:30 to go to work.
• Earned well, but decided that running a pimped up GT was a far better use for the money than saving for a deposit.
• Made the choice to settle down with partner without any savings whatsoever, and choosing to pay £900 a month rent when a mortgage would only have cost £680.
• Made the choice to reproduce, live on one salary instead of two, before having significant money in the bank.
• Had a look, but decided that the dream house was too expensive. Decided not to buy smaller one within price range.

The fact that even in the richer countries, only [in the order of] 65% of homes are owner occupied implies there will always be 30%/35% of the population who simply don't have the finances to buy. Tough. Maybe some of them cannot afford a good car either.
But I bet my list covers ten times as many people as yours, and the fact remains that many, many people could have afforded to buy but made other choices. It's a free country, and choosing other priorities is fine, but then to whinge about being priced out is sheer hypocricy.

I could have decided to sell up, gather as much cash as possible, and buy a bunch of Microsoft Shares in 1975. I'd probably be a billionaire now. I didn't. So I'm not. Hence I don't whinge about it.

NorthFin

Carl31 wrote: »

Yay, another hair brained scheme instead of tackling the real issues in the market


I suppose at least it signifies that relevant people agree that houses are at least 20% over priced

Another last ditch attempt to keep them propped up a little longer.

pricedout_1

HAMISH_MCTAVISH wrote: »

If you're over 40 and haven't bought a house, you've been of house buying and working age during some of the abnormally cheapest house prices relative to income in history in the mid 90's, you've had access to cheap mortgages and house prices at historically average multiples of income in the early 2000's, and you've had access to 100% mortgages that were cheaper than average rents in the mid 2000's.

If you still haven't bought a house through all that, you really have nobody to blame but yourself.

Hamish....just because you are sitting behind the ether...it's not an excuse to behave like a complete !!!!!!

padington

NorthFin wrote: »

Another last ditch attempt to keep them propped up a little longer.

How can selling goods for 20% below the market price be a way of increasing prices ?

ging84

padington wrote: »

How can selling goods for 20% below the market price be a way of increasing prices ?

Because it's putting off the long over due but still inevitable civilisation ending property crash, where houses will become so worthless that those without a mortgage because they rent, will be able to pick up 3 or 4 houses with their weekly shopping, and use them to store the barrow loads of cash they've saved over the years

purch

padington wrote: »

How can selling goods for 20% below the market price be a way of increasing prices ?

One thing you can guarantee is that these Houses will NOT be sold at 20% below market price.

They will be sold at 20% below a made up price that will be significantly higher than "market"