How far will house prices fall [volume 4]

[Rovinghawk]

Sa Calobra said:

BTL is a business that's grown too much.

Ask yourself why.

A big reason why is Brown's raids on pension funds plus poor annuity rates due to longevity.

Those who are too late to jump on the bandwagon want to stop it, many claiming social reasons rather than envy or spite.

[Vocal Minority]

anonymous said:

[redacted]

That's been going on for an awful long time, it's just become a bit brasher in presentation and easier to spot since the 80s. I personally blame the Americanisation of culture rather than immigration - let alone skin colour.

Christ I'd say that statement would encapsulate a goodly chunk of posters on pistonheads...

[okgo]

Vocal Minority said:

That's been going on for an awful long time, it's just become a bit brasher in presentation and easier to spot since the 80s. I personally blame the Americanisation of culture rather than immigration - let alone skin colour.

Christ I'd say that statement would encapsulate a goodly chunk of posters on pistonheads...

Basically anyone voting Tory ;-)

Which is most of us on here from that poll.

[hyphen]

Rightmove/Zoopla already have pages of daily price reductions, and now another nail:

BofE via bbc said:

The Bank is bringing forward by six months a so-called "stress test" in respect of consumer credit, whereby lenders have to test their ability to withstand losses on loans that go bad and are not repaid.

It is also blocking lenders from getting around affordability tests for lenders designed to stop them over-lending on mortgages.

Banks and building societies are currently allowed to lend a maximum of 15% of their mortgages to homebuyers who take especially large loans of more than four and a half times their income.

The lenders have to scrutinise the borrowers to ensure they could still afford their repayments if the Bank of England raised its official base rate by three percentage points.

But some lenders have been assuming they would not in fact pass on all of that increase in higher standard variable rates, thus allowing them to lend slightly more.

Mr Carney said these lenders were not "gaming the system" but instead appeared to have forgotten some of the lessons of the recent past.

http://www.bbc.co.uk/news/business-40416976

[fishseller]

anonymous said:

[redacted]

labour "Corbyn" will fk this country big time (as they have many times before) so house prices will be irrelevant cause we will all be bankrupt

[fishseller]

p1stonhead said:

okgo said:

anonymous said:

[redacted]

Weird post.

Everything but his EDL membership number. Very strange.

Rubbish it has nothing to do with the color of the skin its the minority culture and ideology trying to dominating the majority and your are Racist or Bigot if you don't agree. I know many people of color who are more patriotic to this country than most Left Wing socialist whites.

[p1stonhead]

fishseller said:

p1stonhead said:

okgo said:

anonymous said:

[redacted]

Weird post.

Everything but his EDL membership number. Very strange.

Rubbish it has nothing to do with the color of the skin its the minority culture and ideology trying to dominating the majority and your are Racist or Bigot if you don't agree. I know many people of color who are more patriotic to this country than most Left Wing socialist whites.

He literally mentioned skin colour in his post.....

Reading not your strong point?

Can people who want to turn everything into a race/immigrants argument please not pollute this previously adult discussion?!

Edited by p1stonhead on Tuesday 27th June 12:52

[superkartracer]

I guess there are many methods the GOV could use to flush the BTL system , i guess supplying cheap housing then pushing interest rates to 15% would work well.

Ultimately if things become really bad they could simply take them off people .

[hyphen]

superkartracer said:

I guess there are many methods the GOV could use to flush the BTL system , i guess supplying cheap housing then pushing interest rates to 15% would work well.

Ultimately if things become really bad they could simply take them off people .

Around 1/3rd of MP's are also Landlords. Even Corbyn as PM would have trouble pushing such action through.

[superkartracer]

hyphen said:

superkartracer said:

I guess there are many methods the GOV could use to flush the BTL system , i guess supplying cheap housing then pushing interest rates to 15% would work well.

Ultimately if things become really bad they could simply take them off people .

Around 1/3rd of MP's are also Landlords. Even Corbyn as PM would have trouble pushing such action through.

Guess it all depends on how much of an emergency the whole situation becomes , shelter is a basic human need after all and it seems people are getting angry and when everyone is doing something its best to steer very clear ( I've found ) .

For the record i could rent my house and retire on the income , i'd rather not tho.

[Rovinghawk]

superkartracer said:

Ultimately if things become really bad they could simply take them off people .

State confiscation of assets- what a great idea.

[superkartracer]

Rovinghawk said:

superkartracer said:

Ultimately if things become really bad they could simply take them off people .

State confiscation of assets- what a great idea.

Happened in the war , and if deemed an emergency i'd not put it past them.

[WCZ]

Thankyou4calling said:

Plenty of them here. I don't know Derbyshire but I'm certain there will be decent paces among the 120+ listed.

And these are houses not flats.

Now of course some (not all) will need varying degrees of work and may not be in the best areas but isn't building a home part of what being a first time buyer is about?

http://www.rightmove.co.uk/property-for-sale/find....

jesus, didn't realize just how dirt cheap property is in derbyshire

[p1stonhead]

superkartracer said:

Rovinghawk said:

superkartracer said:

Ultimately if things become really bad they could simply take them off people .

State confiscation of assets- what a great idea.

Happened in the war , and if deemed an emergency i'd not put it past them.

Some people not being able to afford property, whilst others can, is not with the best will in the world, an emergency.

[superkartracer]

Average house price is 230k plus , most people can't afford that ( i class a single person on 70k PA as someone that can actually afford it ( just )) .

Edited by superkartracer on Tuesday 27th June 14:20

[p1stonhead]

anonymous said:

[redacted]

Yeah but you didnt say English did you. You said white.

[Derek Chevalier]

superkartracer said:

I guess there are many methods the GOV could use to flush the BTL system , i guess supplying cheap housing then pushing interest rates to 15% would work well.

Ultimately if things become really bad they could simply take them off people .

Raising rates to ~5% will make enough of a difference - no need to go overboard

[okgo]

superkartracer said:

Average house price is 230k plus , most people can't afford that ( i class a single person on 70k PA as someone that can actually afford it ( just )) .

Edited by superkartracer on Tuesday 27th June 14:20

£4k per month but they can JUST afford a 900 quid mortgage? Or am I missing something...

[superkartracer]

okgo said:

superkartracer said:

Average house price is 230k plus , most people can't afford that ( i class a single person on 70k PA as someone that can actually afford it ( just )) .

Edited by superkartracer on Tuesday 27th June 14:20

£4k per month but they can JUST afford a 900 quid mortgage? Or am I missing something...

You most certainly are .

[Frybywire]

anonymous said:

[redacted]

Don't worry about it, you'll be dead.