DOOM: House prices

[AtW]

“ In a report, the think tank says that higher unemployment, falling incomes and the risk of more restrictive lending will hinder first-time buyers. If the average first-time buyer loan-to-value ratio falls to 80 per cent, as it did in the wake of financial crisis, by 2024 the typical number of years required to save for a deposit will have risen to 27 even if house prices fell by 22 per cent, it says.”

Housing market could see boom followed by bust | Business | The Times

[elsergiovolador]

This is crazy that first time buyers thing they want to buy is a house. Why not buy a tent first, learn everything about it and then gradually build your portfolio from there.

[PCTNN]

Didn't boris order to build build build?

There's going to be houses for everyone, no need to worry.

[OwlHoot]

Didn't boris order to build build build? ..

God, what a pathetic, tawdry, outdated vision.

I'm pretty disillusioned with Boris, and I strongly suspect he will stitch us up over Brexit, for example by agreeing to this "level playing field" bollox

[Whorty]

I'm pretty disillusioned with Boris

Really? 'Pretty' disillusioned ...

I strongly suspect he will stitch us up over Brexit, for example by agreeing to this "level playing field" bollox

I suspect Boris and the Tories will do what suits Boris and the Tories. If you think that the Tories ever have the people's best interest at heart....

[DimPrawn]

God, what a pathetic, tawdry, outdated vision.

I'm pretty disillusioned with Boris, and I strongly suspect he will stitch us up over Brexit, for example by agreeing to this "level playing field" bollox

Understatement of the millennium!

A joke and shower of a govt.

I'd rather have 1000 years of Gordon Brown on his worst day that these tards.

But still better than Komrade Korbyn

[LondonManc]

Just seen a 7-bed detached in Newquay dropped from £2.5m to £2.15m; it had been for sale for some time though, so perhaps the owners need the dosh much more now. Needs extensive renovation inside apparently so perhaps they've had to deal with some unpleasant truths from the estate agent.

[AtW]

Just seen a 7-bed detached in Newquay dropped from £2.5m to £2.15m; it had been for sale for some time though, so perhaps the owners need the dosh much more now. Needs extensive renovation inside apparently so perhaps they've had to deal with some unpleasant truths from the estate agent.

Stamp duty on it (as 2nd home): £221,250.00



There is one nice house locally that is in that range - been on the market for the last 5 years, maybe a lot more!

[LondonManc]

Stamp duty on it (as 2nd home): £221,250.00



There is one nice house locally that is in that range - been on the market for the last 5 years, maybe a lot more!

Hardly a second home for most. If I had that sort of money, I wouldn't still be in Manchester, as endearing as it is (or is that was?)

[AtW]

Hardly a second home for most. If I had that sort of money, I wouldn't still be in Manchester, as endearing as it is (or is that was?)

Are you having a laff m8?

Buying a 2 mln quid place and not having any other properties (abroad also counts as it turned out)?