Panorama tonight - Bursting the house price bubble.(merged)

ad44downey

The government should pass a law that each person can own a maximum of one property. This would stop all this buy to let nonsense with loads of greedy people owning hundereds of homes at the expense of the majority.

PasturesNew

ad44downey wrote: »

The government should pass a law that each person can own a maximum of one property. This would stop all this buy to let nonsense with loads of greedy people owning hundereds of homes at the expense of the majority.

There would be easy ways to get round that.... and with the coming repossessions the houses/flats will become more affordable to the people that would have bought them in the first instance if prices hadn't inflated artificially.

SquatNow

fc123 wrote: »

Squat....mate.......I'm tired tonight....... but think a bit FIRST.........
Hitler analogies are not a good thing...no matter how relevant you think they are.......

I do NOT appologise for Hitler! I'm just saying that land speculators, (more so the big multi billion ones but BTLers have no more morals) cause massive suffering on the same or greater scale. The difference is they do it in the full knowledge of the damage they do, where-as Hitler was a total loonie who thought what he was doing was good.

The suffering is starting to show now.... crippling debt, failing NHS, increasing poverty. It's going to get worse and it's 100% caused by land speculation.

Instead of using our efforts to improve humanity we spent the last 10 years buying and selling our own country, and now somehow everyone owes lots of money and has no idea how they will pay it!

Unless everyone declares themselves bankrupt, we will spend the next 5- years in poverty paying off our debts.

I'm not appologising for Hitler, and people need to STOP appologising for BTLers and making out they are victims.

poppy10_2

CYBERCIDERSAVER wrote: »

Poppy. I understand what you are saying but what I trying to get at is the distortion in house prices between Land registry figures and actual purchase prices.

What I mean is that the gifted deposit money doesn't really exist. Can't say the same for fees paid etc.

Currently the land registry prices are clearly innaccurate. Banning gifted deposits would help reduce that.

Yes I know, my post was emphasising yours, not disagreeing with it

Thomas99

The gready F&$"!s in this program deserve what they are getting!!! (nothing LOL)

PasturesNew

SquatNow wrote: »

Unless everyone declares themselves bankrupt, we will spend the next 5- years in poverty paying off our debts.

Out of my own inability to work it out for myself, can I ask what the alternative would be? What if nobody could declare themselves bankrupt?

SquatNow

PasturesNew wrote: »

Out of my own inability to work it out for myself, can I ask what the alternative would be? What if nobody could declare themselves bankrupt?

We all spend the rest of our lives, living in poverty, working to pay off the debt knowing that at the end of it we will have absolutely nothing to show for it.

PasturesNew

I liked it in the olden days.

You borrowed 3x your salary max.
You saved a deposit.
You bought somewhere.
You lived in it.

Or you didn't buy at all, because let's not forget, even though prices were lower - with a deposit needed and a cap on the income multiple, there were still problems with affordability for many people.

ad44downey

PasturesNew wrote: »

I liked it in the olden days.

You borrowed 3x your salary max.
You saved a deposit.
You bought somewhere.
You lived in it.

Or you didn't buy at all, because let's not forget, even though prices were lower - with a deposit needed and a cap on the income multiple, there were still problems with affordability for many people.

Ultimately it's the lenders fault for lending so much money to people who can't afford to pay it back. No wonder the housing bubble is so inflated when they'd lend you as much as you wanted. .

Trollfever

Folks would not buy a car for £2,000 without looking at it, so why buy a property for £200,000 without looking at it?