Originally posted by SueEllen
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Down with racism. Long live miscegenation! -
And then everyone blames the EU when house prices increase."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostAnd then everyone blames the EU when house prices increase.
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The graph appears to spike at the same time house prices increased dramatically.
Supply and demand. BTL only seem to be filling in the gap when council houses were not longer meeting the demand. Perhaps they are the result rather than the cause."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostThe graph appears to spike at the same time house prices increased dramatically.
Supply and demand. BTL only seem to be filling in the gap when council houses were not longer meeting the demand. Perhaps they are the result rather than the cause.
No my friend, BTL, irresponsible lending (remember self cert mortgages), and MIGRATION are all putting pressure on demand.Comment
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Originally posted by PurpleGorilla View PostNonsense. If you have FTB and BTL both competing for the same stock - what do you think happens to prices.
No my friend, BTL, irresponsible lending (remember self cert mortgages), and MIGRATION are all putting pressure on demand.
For the past 10 years you have been able to borrow more on an Interest only BTL mortgage (basically interest needed to be covered by rent) than a First Time buyer could borrow (as that was based on their income).
Thankfully the former has now changed and prices have only 1 direction for the next few years..merely at clientco for the entertainmentComment
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you're missing the key points
BTL, FTB, neither are the problem
the problem is supply
if the nimbi's would allow massive amounts, millions of homes (home - can be apartment or house) to be built, and balance the supply with the demand, there wouldn't be a problem
the problem is, since the majority are not financially fecked, their only hope is the house price gravy train
Milan.Comment
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Originally posted by milanbenes View Postyou're missing the key points
BTL, FTB, neither are the problem
the problem is supply
if the nimbi's would allow massive amounts, millions of homes (home - can be apartment or house) to be built, and balance the supply with the demand, there wouldn't be a problem
the problem is, since the majority are not financially fecked, their only hope is the house price gravy train
Milan.Comment
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Originally posted by milanbenes View Postyou're missing the key points
BTL, FTB, neither are the problem
the problem is supply
if the nimbi's would allow massive amounts, millions of homes (home - can be apartment or house) to be built, and balance the supply with the demand, there wouldn't be a problem
the problem is, since the majority are not financially fecked, their only hope is the house price gravy train
Milan.
That's already stopped through BTL mortgages are more regulated and a BTL borrower can now only borrow 80% of what they could borrow in November. So £112,000 against the FTBers £120,000. Now we just have to wait for the market it play out.merely at clientco for the entertainmentComment
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yes agreed, and the other people's greed is that they contribute to not allowing enough new property to be built to fulfill demand
Milan.Comment
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