An end to property?

[PurpleGorilla]

True I've helped them out with the deposit, but that's far from a situation new to their generation, many of my Uni friends had their parents help them with the same.

LMFAO, yeah the sign of a healthy market.

Best of luck to your son and his studies, what Uni?

[Zero Liability]

Is there a point here?

Do you mean something that can be boiled down into a one liner narrative? My point was that London is the focal point of the housing bubble but that it isn't necessarily driven by easy credit alone; part of it is a desire by foreigners to park their wealth somewhere deemed relatively safe. I think cheaper mortgages and debt have buoyed demand for property across the UK but not necessarily to the point that it is a bubble outside of London.

[TykeMerc]

LMFAO, yeah the sign of a healthy market.

Best of luck to your son and his studies, what Uni?

Where exactly did I say the market was healthy? I've posted in the past that I'd love to see house prices across the UK massively slashed, divided by 3 would be a start, by 5 in the South East too for that matter.
The market is totally overheated and has been for upwards of 20 if not nearer to 30 years, that's not down to the people you obsess about the "Baby Boomers" who you blame for all the ills of the world past and present, but due to a huge jump from mass renting and large scale social housing to extensive ownership by the masses.

Ignoring markets in other countries where the population densities (also ignoring the fact that the numbers are even worse due to several million illegals that HMG don't count) are much lower the UK market has pricing that's been driven by a lack of supply of decent stock in areas not turning into single racial group ghetto's, a past oversupply of cheap money by a banking system with an eye to a very fast buck, a localised effect from foreign investment capital and a total lack of competition from a social housing sector that has been all but obliterated by successive Governments of all colours.

Oh the chip on the shoulder doesn't help you to get your point across, it just makes you appear a total and utter Richard

[PurpleGorilla]

Where exactly did I say the market was healthy? I've posted in the past that I'd love to see house prices across the UK massively slashed, divided by 3 would be a start, by 5 in the South East too for that matter.
The market is totally overheated and has been for upwards of 20 if not nearer to 30 years, that's not down to the people you obsess about the "Baby Boomers" who you blame for all the ills of the world past and present, but due to a huge jump from mass renting and large scale social housing to extensive ownership by the masses.

Ignoring markets in other countries where the population densities (also ignoring the fact that the numbers are even worse due to several million illegals that HMG don't count) are much lower the UK market has pricing that's been driven by a lack of supply of decent stock in areas not turning into single racial group ghetto's, a past oversupply of cheap money by a banking system with an eye to a very fast buck, a localised effect from foreign investment capital and a total lack of competition from a social housing sector that has been all but obliterated by successive Governments of all colours.

Oh the chip on the shoulder doesn't help you to get your point across, it just makes you appear a total and utter Richard

I guess watching all the greed has made me a bit jaded.

[AtW]

Did you not see the charts I put up? Where is your data?

This time it's different...

[AtW]

True I've helped them out with the deposit

Dirty sockie spotting bounty money you've received from CUK mods

[PurpleGorilla]

An end to property?



Actually truth be told, most people I know have had big fat cheques from BOMAD, and it's one more thing that has helped prop up prices. Heck I know one bloke who rents his parents BTL; there's love there!

[BrilloPad]

Do you mean something that can be boiled down into a one liner narrative? My point was that London is the focal point of the housing bubble but that it isn't necessarily driven by easy credit alone; part of it is a desire by foreigners to park their wealth somewhere deemed relatively safe. I think cheaper mortgages and debt have buoyed demand for property across the UK but not necessarily to the point that it is a bubble outside of London.

The world's reserve currency is not the $. It is the London property market.

[AtW]

Actually truth be told, most people I know have had big fat cheques from BOMAD, and it's one more thing that has helped prop up prices. Heck I know one bloke who rents his parents BTL; there's love there!

And then you have characters like MF.

MF used BOMAD money to buy BTL and let it back to MAD, this is just crazy...

Allegedly...

[TykeMerc]

Lovely, that dataset is from what source?

Incidentally prior to the monumental shakeup of the mortgage business caused by the whole "sub-prime" thing it was very easy to get upto and beyond 100% mortgages, quite a number of providers were offering 110%. It rather puts the 2005 35% bank of Mum and Dad number into context don't you think?

Had you ever wondered what "sub-prime" actually meant?

Or does that inconvenient truth rather get in the way of the agenda?