For those who think we had it easy...

IveSeenTheLight

Turnbull2000 wrote: »

Of course it bloody matters, that's what this entire thread is about. JC

If foreign investors speculating and self-perpetuating a rising market using sizeable capital and income, with no true commitment to the stability and prosperity of this country is your favoured market, then so be it. At least you've shown your true colours.

And if this is a sly dig at FTBs because a foreign speculator "has the guts", well, you've truly embarrassed yourself..

Maybe the point is that there are many properties out there that can be bought cheaply and renovated.

In this case a foreign investor has cpatalised, if a FTB bought it then they would be living in a property with current 70,000 equitable value

seven-day-weekend

Yes, I was going to say that.

Anyone could have bought it - it doesn't have to be a speculator.

Turnbull2000

IveSeenTheLight wrote: »

Maybe the point is that there are many properties out there that can be bought cheaply and renovated.

In this case a foreign investor has cpatalised, if a FTB bought it then they would be living in a property with current 70,000 equitable value

I'm afraid if every first-time-buyer that has been lost these last few years decided to go down that avenue, then there almost certainly wouldn't be enough 'cheap' properties.

And again, you're comparing the FTB intentions, circumstances, collateral, finance and ability to take risks against speculators in a rising market. Simply ludicrous.

IveSeenTheLight

Turnbull2000 wrote: »

I'm afraid if every first-time-buyer that has been lost these last few years decided to go down that avenue, then there almost certainly wouldn't be enough 'cheap' properties.

And again, you're comparing the FTB intentions, circumstances, collateral, finance and ability to take risks against speculators in a rising market. Simply ludicrous.

Take a deep breath, calm down and stop trying to judge everyone.


Someone are buying the cheap houses, who better than for it to be the FTBers?

seven-day-weekend

Just as an aside, Rightmove comes up with more than 100 properties £80k or less in the West Midlands and some are terraces or semis, not just studios.

There are even some in London but these tend to be shared ownership studios for key workers.

These are affordable wby most working people's standards.

Turnbull2000

seven-day-weekend wrote: »

Just as an aside, Rightmove comes up with more than 100 properties £80k or less in the West Midlands and some are terraces or semis, not just studios.

There are even some in London but these tend to be shared ownership studios for key workers.

These are affordable wby most working people's standards.

I'm afraid you're clutching straws.

You make it sound like some localised, cheaper housing in potentially undesirable areas solves overall, countrywide unaffordability. It doesn't. You also repeatedly fail to consider local job markets and conditions. May as well just say "I've seen plenty of cheap housing in Poland, what's the problem?".

carolt

As, fortunately, even the Governor of the Bank of England expects house prices to fall next year, we shan't have to put up with all this guff about how anyone could make £70,000 if only they had the gumption, for much longer!

And any Russians or others who want to risk their shirt in the current market are welcome to it... Of course she made £70,000 - prices were still rising. I'd be interested to see her manage the same trick in a falling market - somewhat more challenging... Or might she just melt back to Russia, possibly, finding the UK slightly less welcoming than she had at first thought?

Running_Horse

carolt wrote: »

And any Russians or others who want to risk their shirt in the current market are welcome to it... Of course she made £70,000 - prices were still rising. I'd be interested to see her manage the same trick in a falling market - somewhat more challenging... Or might she just melt back to Russia, possibly, finding the UK slightly less welcoming than she had at first thought?

Well she's been here 8 years, with her children (for whose future she was doing it), so is hardly likely to melt back to Russia. If people are waiting for all the immigrants in need of housing to go home, they could be in for a disappointingly long wait. It looked like a fairly recent episode, so not much of that £70,000 will have been due to a rising market.

Running_Horse

Turnbull2000 wrote: »

Of course it bloody matters, that's what this entire thread is about. JC

If foreign investors speculating and self-perpetuating a rising market using sizeable capital and income, with no true commitment to the stability and prosperity of this country is your favoured market, then so be it. At least you've shown your true colours.

And if this is a sly dig at FTBs because a foreign speculator "has the guts", well, you've truly embarrassed yourself..

No true commitment? Bringing up her kids in England and investing in property shows just a little commitment. Like it or not, unlimited immigration combined with limited housing, means that prices may slow, but will never crash again to mid 90s levels. Whether I am in favour is totally irrelevant, it is happening and will continue to happen. Tell me, if someone who came to this country with no capital can buy and renovate a flat, then why not our own people?

seven-day-weekend

Turnbull2000 wrote: »

I'm afraid you're clutching straws.

You make it sound like some localised, cheaper housing in potentially undesirable areas solves overall, countrywide unaffordability. It doesn't. You also repeatedly fail to consider local job markets and conditions. May as well just say "I've seen plenty of cheap housing in Poland, what's the problem?".

I wasn't saying anything of the sort, I was just pointing out that in some parts of the country there is still affordable housing. And in the particular areas in the West Midlands where these cheap houses are, they are very near to Birmingham so plenty of employemnt.

As to 'undesirable areas' - well we've already said that is one of the problems with affordability haven't we? Some people are not prepared to compromise on a 'good' postcode, therefore they will n ot find cheap housing.

Can't have everything!.