Boris announcement on new deposit scheme?

Norman_Castle

Crashy_Time said:

Norman_Castle said:

Crashy_Time said:

You have to marvel at a thought process that tries to rationalise away the present economic problems as the work of internet "trolls" and "sock puppets", truly scary...LOL.

 Many of us marvel at a thought process that tries to rationalise away their past and present economic problems as the work of another generation, government interference and a host of other reasons although after 15+ years most have understandably got bored and wandered off 

On the other hand you never tire of trying to police any conversation that challenges the value of your favourite asset class? LOL.

I do tire of the absurdity of your argument, I pop back occasionally to chuck a comment in. You seem to crave the attention, I like to oblige. I might pop back in a few weeks, I'm sure you'll still be here. LOL

Crashy_Time

Norman_Castle said:

Crashy_Time said:

Norman_Castle said:

Crashy_Time said:

You have to marvel at a thought process that tries to rationalise away the present economic problems as the work of internet "trolls" and "sock puppets", truly scary...LOL.

 Many of us marvel at a thought process that tries to rationalise away their past and present economic problems as the work of another generation, government interference and a host of other reasons although after 15+ years most have understandably got bored and wandered off 

On the other hand you never tire of trying to police any conversation that challenges the value of your favourite asset class? LOL.

I do tire of the absurdity of your argument, I pop back occasionally to chuck a comment in. You seem to crave the attention, I like to oblige. I might pop back in a few weeks, I'm sure you'll still be here. LOL

So are you saying that my argument that ordinary people benefit from cheaper housing costs is absurd, or my opinion that the present economic situation is a negative for the property bubble is absurd?

takanodia

The property market's early warning signs are flashing red

But if you talk about the truth here then you are shunned even banned.

I don’t see why lower property prices and rents are not welcome subject’s on a money saving forum 

You have to pretend as if we are going back to normal again soon and prices will not fall

Crashy_Time

takanodia said:

The property market's early warning signs are flashing red

But if you talk about the truth here then you are shunned even banned.

I don’t see why lower property prices and rents are not welcome subject’s on a money saving forum 

You have to pretend as if we are going back to normal again soon and prices will not fall

A lot of the posters already have mortgages and multiple BTL, they are the classic example of VI.

Crashy_Time

https://propertyindustryeye.com/mortgages-and-loans-to-become-tougher-to-get-lenders-say/
Boris needs to launch this bonkers lending scheme pronto, before sentiment turns and people start taking cheaper housing for granted.

Getting_greyer

Crashy_Time said:

https://propertyindustryeye.com/mortgages-and-loans-to-become-tougher-to-get-lenders-say/
Boris needs to launch this bonkers lending scheme pronto, before sentiment turns and people start taking cheaper housing for granted.

I'm going to check out the BoE report cited in this.  I will say though on a personal level the rate I will be paying increased by 0.2% between MiP and application (August).  If I had put the application in today I think the product rate increased by another 0.5% or so. 

Getting_greyer

https://www.bankofengland.co.uk/credit-conditions-survey/2020/2020-q3

Too much data in the annexes for me to look at on my phone.  But initial scroll through my thoughts are that lenders think next few months will be bleak.  Mortgages get bit more expensive.  Must keep in mind the update to furlough/JRS was after the report.  

Looks like we're in unpredictable times, if that's news to anyone,  but will enjoy a proper analysis of the data later.

Crashy_Time

Getting_greyer said:

Crashy_Time said:

https://propertyindustryeye.com/mortgages-and-loans-to-become-tougher-to-get-lenders-say/
Boris needs to launch this bonkers lending scheme pronto, before sentiment turns and people start taking cheaper housing for granted.

I'm going to check out the BoE report cited in this.  I will say though on a personal level the rate I will be paying increased by 0.2% between MiP and application (August).  If I had put the application in today I think the product rate increased by another 0.5% or so. 

What sort of deposits are they asking for?

spoovy

Crashy_Time said:

spoovy said:

I think they actually believe that they can trigger a house price crash just by confidently and repeatedly predicting it; kind of like a viral marketing campaign.

I know, it`s not as if anyone outside of a couple of property forums thinks there is a problem...... LOL.
https://www.telegraph.co.uk/property/uk/house-price-boom-could-derailed-perfect-storm-collapsed-sales/

Your reply has literally nothing to do with what I wrote.   Where did I write or even imply that there are no indicators of "problems" in the property sector?
If your point is "There are serious economic problems and I believe that house prices will come down as a result", then yes, I tend to agree.  I'd say there's about a 50% chance of houses coming down more than 5% in my area in 2021.  But that's just an guess, I don't actually know because it's you know, the future.
But you seem to have crossed some mental rubicon and now believe with 100% certainty that some kind of significant price crash will happen soon, which of course you can't possibly know for sure.  And why the determination to keep banging the drum? I don't care much whether other people agree with me or not because it's just speculation anyway -- why do you seem to care so much?

Norman_Castle

Crashy_Time said:

Norman_Castle said:

Crashy_Time said:

Norman_Castle said:

Crashy_Time said:

You have to marvel at a thought process that tries to rationalise away the present economic problems as the work of internet "trolls" and "sock puppets", truly scary...LOL.

 Many of us marvel at a thought process that tries to rationalise away their past and present economic problems as the work of another generation, government interference and a host of other reasons although after 15+ years most have understandably got bored and wandered off 

On the other hand you never tire of trying to police any conversation that challenges the value of your favourite asset class? LOL.

I do tire of the absurdity of your argument, I pop back occasionally to chuck a comment in. You seem to crave the attention, I like to oblige. I might pop back in a few weeks, I'm sure you'll still be here. LOL

So are you saying that my argument that ordinary people benefit from cheaper housing costs is absurd, or my opinion that the present economic situation is a negative for the property bubble is absurd?

No, your argument that others are only lead by their vested interests whereas you have unbiased insight. You don't, you have little insight and poor instincts.

I'm sure you'll make a trite response dressed as a question to give the attention you want, you always do.