House prices

Crashy_Time

Filo25 wrote: »

Equally I think you are confusing government moves to make BTL less attractive with an eagerness to see the market fall, no doubt we will see further support for FTBs in the upcoming budget, there is obviously a political interest in rebalancing the market.

If I was being cynical I would say that homeowners tend to vote Tory more often than non homeowners so that may make party political sense for the current government as well.

Form a purely cynical political point of view I would imagine homeowners make up a large proportion of voters for the Tory party I doubt the government is particularly keen on crashing the market for them.

You equally seem to think that low rates are just a bailout for housing when in reality it was a bailout for the economy at large given what happened in the GFC and the desperately slow recovery of the world economy from that, with further fiscal tightening still to come (we still have a deficit and high government debt) I doubt you will see a return to what you would call "normal" interest rates anytime soon.

Corbyn has gone from "Unelectable" to "PM in waiting", that is what catering to homeowners has done for the Tories. UK government will just follow the U.S regarding interest rates, so the over-borrowed better hope that Trump doesn`t manage to get some inflation going IMO.

Crashy_Time

Koldweather1 wrote: »

Very true, however in all fairness to Crashy, that statement ONLY holds true if IR remains record low, and to play devils advocate IF rates were to shoot through the roof that cheap place will suddenly be very expensive, especially in an era where inflation is outstripping wage growth in 70% of the years. We are per person poorer due to this than before 2007, and it is especially evident in the younger generation, no wonder my generation is now voting for Labour, its a strike back against the way my generation is now worse off then any recent one, at least from a poorly economic point (of course, some argue socially we are better thanks to the internet, but thats no good if people have to choose between food and internet, etc).

Anyway, I do agree with the concept that to rent (forever renters" as someone says) instead of buying has been huge folly for someone like Crashy, and unfortunatly the only way they can now be happy is if the whole system crashes around them and everyone feels all of Crashy's accumulated pain of watching as everyone passes them by, even people of a younger generation like myself.

If you believe that quarter of a million debt for a house in LEGOLAND, or 600k for a shoebox in a dodgy part of London, or "buying" in the North is the way to go when you can get it all free from the taxpayer anyway, then you have found the right sub-sub-forum! Congratulations! The regulars (about six of them now I think) will do their very best every day to confirm and reinforce your naivety :money:

GreatApe

You are so blind crashy

westernpromise

Crashy_Time wrote: »

Corbyn has gone from "Unelectable" to "PM in waiting", that is what catering to homeowners has done for the Tories. UK government will just follow the U.S regarding interest rates, so the over-borrowed better hope that Trump doesn`t manage to get some inflation going IMO.

No, that in fact is what threatening to rob elderly homeowners of their homes to pay for social care did.

That mistake will probably not be made again.

You in contrast have made the same mistake (not buying in hopes of a crash) every year for 21 years in a row. Your economic position is now irrecoverable, which leaves you crying crocodile tears for the "over borrowed" as though concern for what may happen to them is your main worry. In fact you would love people who bought when you didn't to be made to regret it somehow, presumably because you imagine a redistribution of misery would make you feel and look less than dumb than you do. The bad news is that no crash could ever be bad enough to make your 21-year bad call look like it was a good call after all.

You could be mortgage-free and asset-rich today Crashy. That you're not is nobody's doing but your own.

Filo25

Crashy_Time wrote: »

Corbyn has gone from "Unelectable" to "PM in waiting", that is what catering to homeowners has done for the Tories. UK government will just follow the U.S regarding interest rates, so the over-borrowed better hope that Trump doesn`t manage to get some inflation going IMO.

I wouldn't be banking on Corbyn as a nailed on winner at the next GE just yet, given the horrific levels of Tory infighting at present and nearly everyone thinking they are doing the a poor job of Brexit then the real shock is that the polls are only showing Labour with a lead of anything between 0-6 points.

While Corbyn's popularity has increased dramatically (and his media work has improved by a remarkable amount), a lot of people still won't vote for a party led by him in any circumstances.

There are also a fair few people who voted Labour last time out, who may think twice if they believe there is a genuine chance of Labour getting a majority and Corbyn and McDonnell running the country (I know this, because I'm one of them!).

The key to the next election looks like being how much Brexit tears both parties apart, and both parties have serious (but different) issues with Brexit.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

If you believe that quarter of a million debt for a house in LEGOLAND, or 600k for a shoebox in a dodgy part of London, or "buying" in the North is the way to go when you can get it all free from the taxpayer anyway, then you have found the right sub-sub-forum! Congratulations! The regulars (about six of them now I think) will do their very best every day to confirm and reinforce your naivety :money:

:rotfl::rotfl::rotfl::rotfl::rotfl:

Wow... you aspire to to live on a council estate and live in a "free" house.

No wonder you hate everyone that posts here. You clearly despise anyone more successful than you. Which by the sounds of it is 90% of the UK.

Good luck getting your council flat and moving out of the 1 you've already paid off for your LL's. :rotfl:

Crashy_Time

GreatApe wrote: »

You are so blind crashy

Why are people struggling to sell houses in the North if they are such a good deal? :rotfl:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

:rotfl::rotfl::rotfl::rotfl::rotfl:

Wow... you aspire to to live on a council estate and live in a "free" house.

No wonder you hate everyone that posts here. You clearly despise anyone more successful than you. Which by the sounds of it is 90% of the UK.

Good luck getting your council flat and moving out of the 1 you've already paid off for your LL's. :rotfl:

No, just pointing out why the "Mortgages in the North are cheaper than social rents" idea doesn`t stack up....you do understand why it doesn`t stack up don`t you? :rotfl:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

No, just pointing out why the "Mortgages in the North are cheaper than social rents" idea doesn`t stack up....you do understand why it doesn`t stack up don`t you? :rotfl:

Nope not really. Because if you choose to work like most civilised people do, you won't be aspiring to live in social housing. You'll likely want to be a homeowner. Unless you cant rent a luxury apartment in Edinburgh for a fiver a month like those lucky soul's on that HPC website.

Plus you generally buy a better property than the soical stock.

MobileSaver

Crashy_Time wrote: »

Why are people struggling to sell houses in the North if they are such a good deal? :rotfl:

"people struggling to sell"?!?!? Land Registry report for August 2017 states...

• the North West experienced the greatest increase in average property price over the last 12 months, with a movement of 6.5%
• the North West also experienced the greatest monthly price growth with an increase of 2.3%

https://www.gov.uk/government/news/uk-house-price-index-hpi-for-august-2017