House prices..

cheets64 said:
Too many people think about a house as an investment first and home second and that is why we are in this mess.
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I think you have to consider both options.

Personally I just agreed last week to buy a new home, we'll probably take a hefty hit over the next year or so (say a £20-30k loss) but I decided that quality of life improvement was worth that. I've spent the vast majority of my life being frugal and have decided to start splashing out for once, even if I'm getting ripped off.
 
All the 'pent up demand' hokum that people spread around aint worth the paper its printed on.

The simple economics of the fact that there is nobody (barely) around to buy at vastly inflated prices, and they cant raise the money anyways means theres only one direction we are headed.

Once again, we are all pawns in a bigger game here - credit contraction, credit expansion, contraction, expansion .... repeat ad nauseum.

The rich have done a great job of convincing us we are getting richer and richer whilst at the same time making us poorer and poorer while we sit, convinced that our terraced boxes are 'goldmines'.....

Im a capitalist any day of the week, ironically - but even I can see that there are greater forces at work here playing a game of cards where the deck is rigged.
 
brid said:
All the 'pent up demand' hokum that people spread around aint worth the paper its printed on.

The simple economics of the fact that there is nobody (barely) around to buy at vastly inflated prices, and they cant raise the money anyways means theres only one direction we are headed.

Once again, we are all pawns in a bigger game here - credit contraction, credit expansion, contraction, expansion .... repeat ad nauseum.

The rich have done a great job of convincing us we are getting richer and richer whilst at the same time making us poorer and poorer while we sit, convinced that our terraced boxes are 'goldmines'.....

Im a capitalist any day of the week, ironically - but even I can see that there are greater forces at work here playing a game of cards where the deck is rigged.
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Are reptilians involved?
 
Dolph said:
Houses are affordable, they were before, as evidenced by the fact that demand was still there. Demand only dropped when mortgage availability dropped, which was caused by lending patterns in the US, not the UK. Bring that back, and prices will rise again.
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Demand was there because houses were rising not because they were affordable. Increasing mortgage availability will help in the long term but it's not like flicking a switch. It will take at leased a year or two for people’s confidence in the housing market to be restored. And that's if things don't get significantly worse before they get better. I already own two properties and I'm looking to buy a third so I can see this from both points of view. I honestly don't think the market is anywhere near as simple as you try and suggest. The market is now falling and sometime markets should be left to run a course.
 
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scorza said:
Are reptilians involved?
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LOL.

Nope - but you dont have to be a conspiracy theorist to be able to see central banks printing money like theres no tomorrow for a decade, and then the taps being turned off just when people are at the limit.

Its quite interesting how the moment that its suggested that theres more to this story than laminate floors and ikea furniture being behind the trebling of the 'value' of a pile of bricks and motar ..... that people put you in the 'tin foil hat' box ;)
 
I've been watching the housing market extremely closely for the last 6-9 months. I did a mortgage check online at HSBC today and can borrow around £130k inc a wedge of deposit. This would get me a decent 2 bed house which is fine, except I'm in the good position that I can wait a few months or even a year if needed to buy when they are at the cheapest. It would be great to buy one at £100k for example.
 
Duke said:
I've been watching the housing market extremely closely for the last 6-9 months. I did a mortgage check online at HSBC today and can borrow around £130k inc a wedge of deposit. This would get me a decent 2 bed house which is fine, except I'm in the good position that I can wait a few months or even a year if needed to buy when they are at the cheapest. It would be great to buy one at £100k for example.
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That's almost exactly the same situation as me! :)
 
brid said:
LOL.

Nope - but you dont have to be a conspiracy theorist to be able to see central banks printing money like theres no tomorrow for a decade, and then the taps being turned off just when people are at the limit.

Its quite interesting how the moment that its suggested that theres more to this story than laminate floors and ikea furniture being behind the trebling of the 'value' of a pile of bricks and motar ..... that people put you in the 'tin foil hat' box ;)
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Actaully they don't need to print money now, they just enter some digits into the computer. Cash only makes up something like 1% of the "money" in circulation.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

... The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. -Thomas Jefferson
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I would say it applies to any country that has a central bank. The Bank of England is privately owned.

http://www.themoneymasters.com/
 
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STAMP DUTY - is it going to scrapped?

I'm looking at houses from £240k-£270k. Thing is if i buy at £270k I end up having to spend £8,100 in stamp duty. If i buy at £249,999 it's just £2499.99.

I don't want to end up paying £5,600 more if it's likely to get scrapped soon.
 
i cant see it being scrapped, the government make too much money from it. will that take a big bite out of your available budget?
 
rossyl said:
STAMP DUTY - is it going to scrapped?

I'm looking at houses from £240k-£270k. Thing is if i buy at £270k I end up having to spend £8,100 in stamp duty. If i buy at £249,999 it's just £2499.99.

I don't want to end up paying £5,600 more if it's likely to get scrapped soon.
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Then only offer £249K, lots of people are caught by the Stamp Duty bracket (buyers/sellers).
 
I don't think they'll be scrapping it any time soon either.

If you were close to the threshold you could pay a few £k for fixtures and fittings to bring yourself below it but wouldn't get away with £20k worth!
 
brid said:
LOL.

Nope - but you dont have to be a conspiracy theorist to be able to see central banks printing money like theres no tomorrow for a decade, and then the taps being turned off just when people are at the limit.
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Source for this? No offence but this sounds pretty similar to what magick believes. OK so you didn't mention reptilians or elite families specifically but you still are referring to a powerful controlling entity or entities who are keeping us ignorant peons in our place. Presumably the mainstream media hasn't picked up on this as they are controlled by the same entity/entities?

The reality really is quite simple (Occam's razor anyone?). The short-termist, excessive risk-taking attitude of the financial institutions meant that too much money was lent out to the wrong people, resulting in massive write-offs of assets (and therefore profit), resulting in the same financial institutions being unable or unwilling to lend out as much money.

Obviously there are further subtleties to that (such as the increase in inflation - which is no coincidence), but it's all fundamentally part of the economic model.

brid said:
Its quite interesting how the moment that its suggested that theres more to this story than laminate floors and ikea furniture being behind the trebling of the 'value' of a pile of bricks and motar ..... that people put you in the 'tin foil hat' box ;)
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Morba said:
thats because most of staines is a dump tbh. im about to houseshare in feltham (not far from staines) which is equally as poo, but close to work (staines)!
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Staines is alright. Recently had a load of money pumped into it, good high street, good transport connections, well maintained and low crime. I take it you've not actually been to Feltham yet or the likes of Southall round there. That IS a dump my man.
 
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