We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
You are stupid if you buy a house now and you're under 40 (or wait for £60k - £100k)
Options
Comments
-
To OP, this very bill was defeated in the House of Lords last month.
There bound to be some serious amendments if the government wants to pass the bill and no one knows what the end result will be and how long it will actually take to materialize
You are wrong. The bill was amended then finally approved by The HoL and was passed into law in May.0 -
You are wrong. The bill was amended then finally approved by The HoL and was passed into law in May.
Yes the bill was passed but the consultation on Starter Homes only ended a couple of weeks ago. The bill laid out the legal framework, not the detail. There are all sorts of ideas floating about of what might be in the detail according to what I've read including things like the age limit being removed for veterans, resale not being allowed for 8 years except to other FTBs at the same discount.
This policy was announced in 2014 and there probably wont be any houses until well into next year at the earliest. Developers around here already only offer H2B on the non-prime plots and I reckon that it will be easy to guess off plan which will be the starter homes on a site.
If I were a FTB I'd be keeping it in mind, but with current house price rises and the lottery of who will get the first starter homes, I'm not convinced I'd hold out!0 -
Nothing was ever made cheaper by subsidising it.0
-
Yes the government is pouring billions of our money into inflating the house price balloonThe_Earl_of_Streatham wrote: »Nothing was ever made cheaper by subsidising it.0 -
the OP is silly. new builds are a rip off 20-30% over inflated. secondly why wait 18 months? not to mention it may not even happen. if you are under 40 and want to buy a home my advice is mever buy a new build even with apparent discoutns as you WILL still be overpaying. buy an old build in a good area. location is key as this will drive future saleability/liquidity and how much a property holds its value.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards