Foodbank client stories

[scooterscot]

Yep it spikes in 2008/9 when banks started really flogging BTL mortgages as a 4% return on property looked better than 0.5% from a bank account.

Except in 08 onwards banks did the opposite and tightened their lending criteria.

[PurpleGorilla]

Foodbank client stories

The Market Oracle has made some excellent forecasts l, but this one is from 2010 and doesn't factor in Brexit.

Other countries with huge tracks of land and far smaller population densities have soaring property prices (Australia, New Zealand, Canada, Denmark, Sweden, USA).

Property is a global investment commodity.

Banks have lent trillions to BTL globally.

This has increased demand and pushed up prices.

The solution is not to make more houses. The solution is to massively restrict lending and make investing in property unprofitable.

[milanbenes]

I see this a lot, Germany included.

aye

Milan.

[eek]

Other countries with huge tracks of land and far smaller population densities have soaring property prices (Australia, New Zealand, Canada, Denmark, Sweden, USA).

Property is a global investment commodity.

Banks have lent trillions to BTL globally.

This has increased demand and pushed up prices.

The solution is not to make more houses. The solution is to massively restrict lending and make investing in property unprofitable.

+1....

[scooterscot]

The solution is not to make more houses. The solution is to massively restrict lending and make investing in property unprofitable.

So those families with 2 or 3 children living in a 2-bed flat. Where are they supposed to go when lending has becoming more responsible?

My heart does go out to them when I read those stories. It's no way for the little ones to be growing up.

[milanbenes]

Other countries with huge tracks of land and far smaller population densities have soaring property prices (Australia, New Zealand, Canada, Denmark, Sweden, USA).

Property is a global investment commodity.

Banks have lent trillions to BTL globally.

This has increased demand and pushed up prices.

The solution is not to make more houses. The solution is to massively restrict lending and make investing in property unprofitable.

oh dear, "investing" in property would not be attractive if the supply of property fulfilled the demand, hence, the only solution is to build more property

Milan.

[LondonManc]

Other countries with huge tracks of land and far smaller population densities have soaring property prices (Australia, New Zealand, Canada, Denmark, Sweden, USA).

Property is a global investment commodity.

Banks have lent trillions to BTL globally.

This has increased demand and pushed up prices.

The solution is not to make more houses. The solution is to massively restrict lending and make investing in property unprofitable.

You talk about a solution like there's a problem that anyone who can do anything about would actually bother doing anything about. It's not in lenders' interests for prices to drop. Governments wouldn't want it either; the more equity in property, the richer people feel and consumer confidence to get spending is fuelled.

[northernladyuk]

So those families with 2 or 3 children living in a 2-bed flat. Where are they supposed to go when lending has becoming more responsible?

My heart does go out to them when I read those stories. It's no way for the little ones to be growing up.

How is your BTL flat above the bookies getting on?

[scooterscot]

and what's wrong with it, why can't our parents remain in larger properties capable of hosting the whole family for celebrations and festivals ?.

Nothing wrong with it all. I'm a fan of big houses myself. Its the expectation the winds me up from younger buyers.

[PurpleGorilla]

So those families with 2 or 3 children living in a 2-bed flat. Where are they supposed to go when lending has becoming more responsible?

My heart does go out to them when I read those stories. It's no way for the little ones to be growing up.

Once prices crash - they will be more affordable.