Boomed

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

DimPrawn replied

26 October 2007, 13:45
Originally posted by Bagpuss View Post

I wish we could all look 20 years into the future with concrete certainty. But tell me Dim, being one of these soothsayers, who wins the Grand National next year?

A rank outsider horse named Buy-To-Let comes in at 500-1. Fancy a punt?
Leave a comment:
Bagpuss replied

26 October 2007, 13:42
I wish we could all look 20 years into the future with concrete certainty. But tell me Dim, being one of these soothsayers, who wins the Grand National next year?
Leave a comment:
rootsnall replied

26 October 2007, 13:13
Originally posted by chasingtheaurora View Post

Someone has got to do something about this, and soon.

The FSA are having kittens about the levels of affordability at the moment (I'm already having to work on a new model) and if iLIM (indicated loan income multiples) are going to get to 9.5 then government, regulators and consumers will become apoplectic.

A recession will sort it out, painfully but it'll sort it. It's only that we've avoided one for so long that the multiples keep on growing.
Leave a comment:
VectraMan replied

26 October 2007, 13:12
Originally posted by DimPrawn View Post

The National Housing and Planning Advice Unit said average prices in England were more than seven times average salaries.

And it said they were set to reach nine-and-a-half times this by 2026.

So 66.5 times average salary then?

Nothing to worry about; all the immigrants pushing up the demand can easily afford that.
Leave a comment:
milanbenes replied

26 October 2007, 13:09
nope, they'll be in the poo

Milan.
Leave a comment:
chasingtheaurora replied

26 October 2007, 13:07
Someone has got to do something about this, and soon.

The FSA are having kittens about the levels of affordability at the moment (I'm already having to work on a new model) and if iLIM (indicated loan income multiples) are going to get to 9.5 then government, regulators and consumers will become apoplectic.
Leave a comment:
DimPrawn replied

26 October 2007, 13:06
Originally posted by sasguru View Post

Don't disturb him. He's about to spend £35K on a car to boost his fragile ego
Leave a comment:
sasguru replied

26 October 2007, 13:06
Originally posted by DimPrawn View Post

Which way will the prices go Baggy?

Don't disturb him. He's about to spend £35K on a car to boost his fragile ego
Leave a comment:
DimPrawn started a topic Boomed

26 October 2007, 13:03
Boomed

http://news.bbc.co.uk/1/hi/uk/7063134.stm

England is heading for a housing crisis despite the government's pledge to build an extra three million homes by 2020, according to a report.
The independent body set up to advise ministers on new homes said 270,000 more were needed each year.

The National Housing and Planning Advice Unit said average prices in England were more than seven times average salaries.

And it said they were set to reach nine-and-a-half times this by 2026.

Supply and demand. Massive increasing demand. No supply.

Which way will the prices go Baggy?
Tags: None