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£1 million first-time home

According to this report

Does anyone think this madness can continue?
dolce vita's stock reply templates

#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided

#2. This time next year house prices in general will be lower than they are now

#3. Cheap houses are a good thing not a bad thing
«1

Comments

  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Did those people get paid to produce such useless information?

    It's just not going to happen is it.
    Everything that is supposed to be in heaven is already here on earth.
  • Melissa177
    Melissa177 Posts: 1,727 Forumite
    It's definitely silly season.

    That said, this is probably true:
    A report out only last week suggested Mr Chafer's concerns about people jumping off the housing ladder even before they have tried to climb on it may be right.
    The report said the young were opting more and more for fun rather than responsibility because they felt it was pointless trying to buy their own home.
    Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson
  • Badger_Lady
    Badger_Lady Posts: 6,264 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Of course not - if housing was to follow its "current trend", first-time buyers would become fewer, resulting in a cooling of a market that cannot be sustained without them. It's slightly more complicated than a basic extrapolation of a trend!
    Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
  • Phirefly
    Phirefly Posts: 1,605 Forumite
    I've lost grip of my opinion on all this. Is it really the end of the world if this were to actually happen however unlikely?
  • dolce_vita
    dolce_vita Posts: 1,031 Forumite
    I find it funny that people who are big supporters of HPI suddenly don't like it when THEY personally get to a point where they can't afford a house. Then it becomes bad news.

    Similarly, it's like people who, a few years ago, couldn't give a stuff if other people had to pay inheritance tax on expensive properties. But now, because of HPI all of a sudden say it's a big deal or it's outrageous when their properties ecxeed the threshold.
    dolce vita's stock reply templates

    #1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided

    #2. This time next year house prices in general will be lower than they are now

    #3. Cheap houses are a good thing not a bad thing
  • Melissa177
    Melissa177 Posts: 1,727 Forumite
    dolce_vita wrote: »
    I find it funny that people who are big supporters of HPI suddenly don't like it when THEY personally get to a point where they can't afford a house. Then it becomes bad news.

    Who's doing saying that on here though?
    Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson
  • Thats the biggest load of boloxs ive ever read. For that to happen the average wage in the country would need to be about like 180K/year. If that is the case then id be buying as much gold as possible as the pound will get massively devalued over teh next 10 years.

    Come on !!!!!! grow up guys, and grow a brain while ur at it.
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dolce_vita wrote: »
    I find it funny that people who are big supporters of HPI suddenly don't like it when THEY personally get to a point where they can't afford a house. Then it becomes bad news.

    Who are you talking about?
    Everything that is supposed to be in heaven is already here on earth.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    This stuff is just dumb. It's written by people that are innumerate and swallowed by fools.

    Sky should know better. You'd hope that one of their journalists would have a basic understanding of maths and/or economics. Obviously not.
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    nAH sky has never been somewhere Id go for reliable news.
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
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