Originally posted by jamesbrown
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Buy-to-Let DOOM
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Originally posted by GB9 View PostHe may well be an idiot but HTB didn't stoke anything. And he isn't reversing anything as prices are unlikely to fall. Just reddressing the balance along Conservative policy.Comment
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Originally posted by GB9 View PostHe may well be an idiot but HTB didn't stoke anything. And he isn't reversing anything as prices are unlikely to fall. Just reddressing the balance along Conservative policy.
Jesus weepersComment
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Originally posted by unemployed View PostI thought I was a thick chunt
Jesus weepersComment
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Originally posted by jamesbrown View PostYou can't be serious? The origins of the recent bubble were in bank lending (i.e. the FLS before the transition to business lending), but HTB was a critical part of this. It extended the market (and hence demand) to those with a 5% deposit who, until HTB, had zero hope of home ownership, as the FLS was mainly reaching those with a large deposit. You can take a view either way about the morality of that, but I think the impacts on demand (and hence prices) are pretty indisputable. It's no coincidence that the market (and wider economy) took off shortly afterwards and the share prices of BDEV and similar quadrupled within a couple of years.
I've spent several years in mortgage analytics and what you might assume from reading and hearing things on the news doesn't always alugn with what has really happened.Comment
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Originally posted by GB9 View PostI've worked with the relevant data whereas you've almost certainly made assumptions.
So you don`t think government props increase house prices ?? you don`t think available credit increases prices ??
you don`t think low interest rates increase prices ??
your post is laughable Did george email you personally with this wonderful data ??Comment
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Originally posted by unemployed View PostSo you don`t think government props increase house prices ?? you don`t think available credit increases prices ??
you don`t think low interest rates increase prices ??
your post is laughable Did george email you personally with this wonderful data ??
If you are sat on the sidelines competing with idiots like that you either end up renting or you buy your way out of the situation and thats when the house prices go up...Comment
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Originally posted by bobspud View PostDo you think that banks just sit there and gives a big sack of cash to anyone that asks them?
more than likely any losses would be taken out of the deposit.
while government policy ensures rises the banks can`t lose .
This whole sorry saga is set up for short term gain , there is no long term plan that`s someone else`s problem.Comment
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Originally posted by bobspud View PostIf the people are getting the cash then they have passed the lending criteria.Comment
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Originally posted by GB9 View PostNo, I can be.
I've spent several years in mortgage analytics and what you might assume from reading and hearing things on the news doesn't always alugn with what has really happened.Comment
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