Reply to: Me 'ouse is me pension

[Whorty]

That straight away tells me you've got too much skin in the game. Pay off those debts while you can.

You'd rather drive ten poor quality Ford Mondeo's that a timeless Lamborghini?

Not everyone on here has a mortgage or debts - remember that! Would prefer there not to be a housing crash as that never turns out well in the short term for those most impacted, and no one wants to see families with no fathers. But personally, the financial impact would be on paper only, and in the medium to long term house prices will only ever go in one direction due to what we have already told you.

Now run along little boy and go find some more 'intellectual' videos on you tube

[Whorty]

Wow, you want us to take that seriously?

Apart from being one of the most patronising thing I've ever watched (I had to stop myself quitting a few times), he also said (7:50 in) that a Lamborghini is more valuable that a Ford because they make fewer of them! Someone should tell Ford to cut production!

I stopped at that point. Is he a friend of yours (you seem to be on first name terms)? Do you have emotions for him too?

We need warnings before you post something like that .... just spat my coffee all over my laptop

[scooterscot]

Wow, you want us to take that seriously?

Apart from being one of the most patronising thing I've ever watched (I had to stop myself quitting a few times), he also said (7:50 in) that a Lamborghini is more valuable that a Ford because they make fewer of them! Someone should tell Ford to cut production!

I stopped at that point. Is he a friend of yours (you seem to be on first name terms)? Do you have emotions for him too?

That straight away tells me you've got too much skin in the game. Pay off those debts while you can.

You'd rather drive ten poor quality Ford Mondeo's that a timeless Lamborghini?

[OwlHoot]

we are a million plus dwellings short with the population growing by 1/3 million a year.

until we build our way out of it house prices will continue to grow.

Try 3 million a year, if all the Hong Kong residents take up Boris the Berk's crazy offer!

He may have thought he was being ever so smart, making an offer he thought he knew would never be realised. But two million people is a trifle to the Chinese, and no doubt the authorities there would be only to happy to see the back of a load of troublesome "westernised" Hong Kongers!

[Paralytic]

You and your kind are saying that.

Watch Neil’s video.. he explains why the crash at the end of the year is coming and that’s without even considering B.

http://<a href="https://youtu.be/HEI...k">YouTube</a>


Sent from my iPhone using Tapatalk

Wow, you want us to take that seriously?

Apart from being one of the most patronising thing I've ever watched (I had to stop myself quitting a few times), he also said (7:50 in) that a Lamborghini is more valuable that a Ford because they make fewer of them! Someone should tell Ford to cut production!

I stopped at that point. Is he a friend of yours (you seem to be on first name terms)? Do you have emotions for him too?

[OwlHoot]

The loos are never cleaned at the Thistle Hotel Heathrow. Its their USP.

There are mobile charging points in their loos?

Well that's lateral thinking at its best, although it usually takes longer to charge my phone than a typical visit to the loo.

[scooterscot]

so you are saying immigrants are taking our homes ???

Filthy Raaaacccist!

As suggested the WFH privilege will be for the very fortunate, you will still have to clean the loo at the Thistle hotel personally. watch out for footballers houses populated by bankers up north.

You and your kind are saying that.

Watch Neil’s video.. he explains why the crash at the end of the year is coming and that’s without even considering B.

Sent from my iPhone using Tapatalk

[Old Greg]

so you are saying immigrants are taking our homes ???

Filthy Raaaacccist!

As suggested the WFH privilege will be for the very fortunate, you will still have to clean the loo at the Thistle hotel personally. watch out for footballers houses populated by bankers up north.

The loos are never cleaned at the Thistle Hotel Heathrow. Its their USP.

[BlueSharp]

Lots of big home owners are over leveraged as well on fixed term mortgages. When those fixed term rates come to an end and your looking at the SVR instead of 1.7 that £600 interest increase will cause pain for many because you only have 15% not 25% equity, pain will be felt. Throw in 9 million on furlough and what the future of that looks like as the government wind the scheme back.

The probability of a vaccine being found and delivered by the end of the year and the economy motoring on in a V shape recovery is very unlikely IMO. So current plan is sit tight until this time next year. There is a chance VAT will be cut to help that V shape boom so buying a large do me upper seems like a great course of action at the moment.

[vetran]

For now. Many of them are furloughed - so they are already on reduced income and have no savings - do we really believe their jobs will return to normal by October? Mark my words, there'll be a glut. Many of them will return to the EU as we kick the last ones out that are still hanging on come December.


If you can work from home, is housing in the 'wrong part of the country' really an issue?

so you are saying immigrants are taking our homes ???

Filthy Raaaacccist!

As suggested the WFH privilege will be for the very fortunate, you will still have to clean the loo at the Thistle hotel personally. watch out for footballers houses populated by bankers up north.

[scooterscot]

Ok .. let's work with your logic ....

Most of those BTL properties are occupied, so it's not like putting them on the market is going to produce spare housing capacity. The people currently renting still need somewhere to live.

Today, as Vetran says, we have a shortage of good housing stock compared to demand. We're a small island, so this is only going to get worse.

We are too city centric; the 'new normal' of working from home, and hence housing can be built in more remote locations, will certainly help. But only if companies allow further WFH once the lockdown eases and don't insist on travel back into the cities.

Those empty houses you mention will either be in very poor, undesirable areas where there is no work (mid Wales ex-mining towns spring to mind) or are very poorly maintained properties where a buyer cannot get a mortgage and hence will be picked up by developers and flipped.

And let's be honest, 216k properties is hardly a massive number, especially if they're in the wrong part of the country.

For now. Many of them are furloughed - so they are already on reduced income and have no savings - do we really believe their jobs will return to normal by October? Mark my words, there'll be a glut. Many of them will return to the EU as we kick the last ones out that are still hanging on come December.


If you can work from home, is housing in the 'wrong part of the country' really an issue?

[Whorty]

For Christ's sake man, don't do it!

[Old Greg]

Ok .. let's work with your logic ....

For Christ's sake man, don't do it!

[vetran]

it's a difficult situation because the more houses are going to be built and the less space there will be for farms and the great fruit picking industry of uk2.0

You bothered to look at robot fruit picking and the various modern culture methods where we can create food in a cave/top of buildings.

[vetran]

Nahh - when the BTL'ers collapse and the baby boomers 2nd home brigade fold there'll be a stack of supply. Not to mention the number of homes already lying empty around the country.

Number of empty homes in England rises to more than 216,000

Buy to let - the clue is in the name. Where will their tenants go? As they can't get on the property ladder they will probably not be that well off.

You note the growth in empty homes are in coastal towns not Notting hill. People don't want to live in Portsmouth because there are no jobs. This may change for the few who still have jobs working remotely down in their country houses ah a return to Victorian values.

so out of 27.3 million registered households (a growth of 4 million since 1996) 216,000 spare houses by the sea are going to satisfy the demand.

Total number of households by region and country of the UK, 1996 to 2017 - Office for National Statistics

We need to slow population growth, create jobs out of London & SE and build a million+ houses.