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Property developers getting desperate??
Comments
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Shared ownership schemes only come around at the end of "bubbles"
Under "normal" circumstances there is no need for them.
When they start to become offered as the only way of getting on the "ladder" there is a problem.
I know this from experience - it is a sure sign that prices are too high and are about to fall.
I acknowledge your own experience but shared ownership has been around for long time and throughout all the 'booms and busts' of the housing cycles. They are still a fine way to get on the ladder and I have personally suggested this way to many families who had never heard of the scheme.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Many tenants on ASTs complain about lack of security. A 1% holding in the property would afford some security.
However, the pitfalls of owning far outweigh the benefits at the moment - IMHO.
Of course there's a ladder. You may not like the term but my 1st car was a 3-years old Mazda 626. Now I own a much newer car. It's a car ladder.
I used to buy jeans at £30 - £40 per pair. I now wear £6 - £12 jeans from Asda (they come with my name sewn in already). I'm climbing down the jeans ladder.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Gorgeous_George wrote: »Many tenants on ASTs complain about lack of security. A 1% holding in the property would afford some security.
However, the pitfalls of owning far outweigh the benefits at the moment - IMHO.
Of course there's a ladder. You may like the term but my 1st car was a 3-years old Mazda 626. Now I own a much newer car. It's a car ladder.
I used to buy jeans at £30 - £40 per pair. I now wear £6 - £12 jeans from Asda (they come with my name sewn in already). I'm climbing down the jeans ladder.
GG
Car ladder? A ladder is a progression of steps, with each step being higher than the previous one. Housing ladders only exist in rapidly rising markets. In flat or slow housing market, the stamp duty and transaction costs make the next rung lower than the previous rung.0 -
Gorgeous_George wrote: »I used to buy jeans at £30 - £40 per pair. I now wear £6 - £12 jeans from Asda (they come with my name sewn in already). I'm climbing down the jeans ladder.
Geez. I have never met anyone called "Asda Smartprice" before!
Guffaw!
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Car ladder? A ladder is a progression of steps, with each step being higher than the previous one.
By jove! I think you've got it.Housing ladders only exist in rapidly rising markets. In flat or slow housing market, the stamp duty and transaction costs make the next rung lower than the previous rung.
No, lost it again
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
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Gorgeous_George wrote: »By jove! I think you've got it.
No, lost it again
GG
Listen Georgeous! if the ladder empties your wallet each time you take a step, it is not a proper ladder.0 -
Gorgeous_George wrote: »Why is it my favourite things are chocolate and beer?
Because you can drink loads of beer, be sick, and blame it on the chocolate. 0 -
Listen Georgeous! if the ladder empties your wallet each time you take a step, it is not a proper ladder.
No-one said that the rungs didn't cost money. Move from a studio flat to a 2-bed to a 3-bed to a nicer area to a palace and it is still a ladder. Just not an escaltor.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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