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Fewest first time home buyers for years
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Zammo
Posts: 724 Forumite
LONDON (Reuters) - The number of first time house buyers has fallen to the lowest level since 1980, with average homes now unaffordable in most towns, mortgage lender Halifax said on Saturday.
HBOS's Halifax said 300,000 first time buyers had entered the housing market in 2007, 44 percent less than in 2002.
http://uk.reuters.com/article/topNews/idUKL2221855020071222
Not to worry folks, the housing market isn't going to collapse, the BTLers will prop up the market and just think of all that lovely pent up demand. NNnnnnnggghhhhh!!!
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Comments
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Sorry zammo, but someone beat you to this story.
http://forums.moneysavingexpert.com/showthread.html?t=646555dolce 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 thing0 -
And if our viewers were anything to go by, its hardly news.
Mostly it was BTL investors looking for a bargain.Been away for a while.0 -
dolce_vita wrote: »Sorry zammo, but someone beat you to this story.
http://forums.moneysavingexpert.com/showthread.html?t=646555
But this thread has more replies, so I win. :money:0 -
dolce_vita wrote: »Sorry zammo, but someone beat you to this story.
http://forums.moneysavingexpert.com/showthread.html?t=646555
And I beat you both if you check the time on post 54 on here:
http://forums.moneysavingexpert.com/showthread.html?t=641305&page=3
not that it's a competition or anything;)0
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