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Hmmmm…… well that’s not really true nether
The better your credit score the low the interest rate. Mortgage lenders are always looking for ways to increase there profits. If they can find anyway to increase interest’s rates for home buyers they will take it. Its a business after all.
Hmmmm…. you need proof
How about city living in sunny Hull for 70k?
https://www.rightmove.co.uk/properties/106850771#/
Or London for the same price?
https://www.rightmove.co.uk/properties/105598541#/
I know you want to be by the seaside ….40k?
https://www.rightmove.co.uk/properties/90358054#/
The myth of a property shortage is promoted by estate agents, home builders and homeless charity’s. When you take a good look around, there is no shortage of afford housing cross the UK.
Your up late……..did you pull a minger last nite after the game? Was you really that drunk
Hmmm…..
If you look on any property website you will find a good section of housing. There no shortage of supply. Unfortunately peoples trust in the housing market is so strong they borrow the maximum amount. The twisted logic is they wont be there more that a few years and the more expensive housing will realize the biggest profit in the shortest period of time.
I blame those house make over shows for this. They need banding before another generation its trapped in endless debts.
Bed sit boys talking property high finance 😂
Bed sit boys talking property high finance 😂
Welcome Back thin ice
Having fun are we?
Stop trying to get me to bite. Its only a matter of time before budha gets another ban and makes a donation to Martin Reeds yacht fund. And tracy’s so poor she needs to flash her bits to get men to buy her accounts
So carry on
The primary driver of prices, not physical supply and demand.
That’s how prices work.
Not with the housing market, its what people can afford to borrow and the size of there deposits. If you go on any mortgage calculator website its terrifying how much people can borrow with little or no deposit. Whole life mortgages means they can borrow a lot more too.
OK, I’m going to take the key points from that and answer them one by one.
Population increases always outstrips supply
Kind of…. in the next few years more and more “baby boomers” will entre retirement homes or pass away. Making up around 21% (14 million) of the UK population and mostly home owners, the UK receives a steady stream of housing coming on to the market. In the end its between 5-7 million property’s coming onto the market in the next 20 years.
Family growth might be stifled .eg no support for breeding .
The idea of a poor family receiving benefits buying there own home is unrealistic. If they had the money to buy a house, they wouldn’t any government help.
Investors will alway s push up prices anyway. many buy housing purely for income streams as as they get richer they buy still more.
The government have step in here increasing taxation on buy to let properties.
See:
You try seeing what interest you get on say £500.000 in savings versus owing a property for same value in right area !
Investments can go down as well as up. Property can be a risky investment. The Irish property bubble showed how badly things can go wrong with the housings market. I have a friend who’s home is now worth less than he paid for it in 1999 thanks a new infrastructure passing within 200 meters of his home. Japanese knot weed is still spreading wiping thousands off property prices each year and more homes keep failing into the sea or suffer from flooding.
If we had a system that prevented anybody ( private or business but not pension funds) owning more than say 4 homes
Are you calling for an end to social housing? Councils and housing associations are the biggest property owners within the UK. Charity are next just look at the salvation army income figures from a few years ago.
https://www.thirdsector.co.uk/salvation-army-income-rose-196m-2013-14/finance/article/1332230
Most of the big business landlord’s are insurant company’s and rent out retail space not homes. Shopping centres and office blocks. Standard Life Investments owns my local shopping centre here in Brighton as well Brent Cross in London.
If I wanted to look like a chav, I’d get a shell suit
And besides…. even that knock off will be out of fashion by Oct
I’m all about lasting fashion me. You know stuff I can wear for the next 20 years or until it falls off me back. Some dare to call me cheap… even putting little effort into my wardrobe …. but its me style and I’m a trend setter in these parts
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No one wants you back until you grow hair and lose 3 stone
I’d rather watch paint dry than talk about curtains. Please wake me up when this thread gets deleted. 😴😴😴😴😴
I’m the same…but remember it was kiwi who started this in f1
