That's right, had it up for 500k a couple of years back and not one viewing. This is it. They held an open day and bingo!

http://www.rightmove.co.uk/property-...?premiumA=true

 

I think we know that statement is unwarranted.

Firstly, the housing market is very thinly traded and responds to demand sharply.

Secondly, it is impossible to say if non-HTB assisted demand would be what it is now if HTB had never occurred. All those people 'panicking' to buy a house...nothing to do with knowing that others will be taking advantage of HTB? I think we both know the crowd isn't fully rational, and we are seeing crowd behavior as always.

 

Looks nice but £550K????

Utter madness! That would be £200k near me and i live in a nice part of Manchester

 

 

With some of London excepted, things might be calming down a bit already.

http://www.ft.com/cms/s/0/ba27dc6c-d...#axzz33mORJUEx

http://uk.reuters.com/article/2014/0...0ED0XQ20140602

http://www.bbc.co.uk/news/business-27223041


Banks seem to be taking some responsible action

http://www.theguardian.com/business/...le-house-price



However feel free to ignore any of these facts

 

632k is what they accepted. Could of gone more she said, but the person who the choose is coming out of rented accommodation, and my cousin is buying a new build so a simple chain.

Its literally under 5 minutes walk to Epping tube which adds a lot to the value

 

You don't have to be a FTB and you need at least a 5% deposit amongst other requirements to qualify for HTB. Also HTB has not fuelled the price increase and has benefited more than it has disadvantaged others. I can only guess that the reason for your procrastination is that you're waiting for a crash in house prices, which on the face of it, is unlikely to happen anytime soon.

http://www.itv.com/news/2014-05-29/h...ces-after-all/
http://www.theguardian.com/business/...e-price-bubble
http://www.thisismoney.co.uk/money/m...purchases.html
http://www.cityam.com/blog/140177696...ls-take-london
http://blog.zoopla.co.uk/2014/06/04/...arch-suggests/
http://www.corecogroup.co.uk/help-to...-price-bubble/

 

 

It's not a real price rise, it's an average price rise, as reliable as "statistics"
The top end disproportionately affecting the figures is all there is to it.

 

You all seem to be forgetting one simple fact, well two actually. First being house prices historically double every 10yrs, the second being that something is worth what someone else is willing to pay for it.

 

So it has disadvantaged others?

Thanks for admitting that.

I also love the way it is claimed to have helped people to buy, helped builders to build....but without affecting price in any way. An economic miracle!

 

If people have budgeted on buying their home with the cheap interest rates there is going to be some shocks when it actually does rise

 

True but they won't be rising for some time!!

Certainly a good time to have debt.

 

Here is what £600k would get you near me (10 mins from M60 ring road):

6 Bedroom Detached House

Werneth Hall - 6 Bed

London is crazy!!!

 

Ha Epping quite nice, girlfriend lived just down the road in Waltham abbey. ( rented)

Epping forest , lea valley - could been worse

 

Mate, you're wasting your time. I am a Londoner that moved to Manchester a long time ago to get away from the sh1thole that London is and the many saddos that live there and think it is the be all and end all

 

Epping isn't in London, it's in Essex. It's a very nice part of the world with loads of green open spaces but still on the tube line.

Rod Stewart lives there

 

Why do you bother trying to put facts in front of the hysterical screaming school girls that are the SN massive?

You know they can't sleep well at night unless they've spent half the day on the internet moaning about this country, the government, bankers, the media etc etc.

Born moaners basically.

 

Amen to that brother.

P.s; sorry ding.

 

HTB not being a cause of the bubble is not a 'fact' but an interpretation.

Anyway great to see you championing the "SN I'm alright Jack society" again (as usual).

 

Forgiven

 

Then you saying that HTB is a cause of the bubble is also an interpretation by you, yet you attempt to push it as fact.

As for the '' I'm all right Jack society'', given that YOU are the one attempting to evade tax I'd say you are a fully paid up member.

 

Thats a lovely house in Disley....But surely thats Cheshire not Manchester?

I live fairly close to it,albeit i live in Derbyshire..

 

Negative Intrested rates,time to stock up on few more btl.....!!

 

I know exactly where he lives to! One of our favorite meet up and be silly places was right opposite it. Copped Hall (sp) massive abandoned manor house full of places you could have a smoke and a grope

 

I made reasoned arguments and was critical of the 'facts' which jonc presented. Indeed the 'research' jonc presentes doesn't even state unequivocally what he thinks it does; everything is caveated and qualified.

I neither evade tax (a crime) nor avoid it. I pay full UK tax. Tax indeed which is used by the government to give to people to out bid me for property.

 

Jonc, you appear quite financially savvy, so I'm staggered you can't see HTB for what it actually is. As others have already said FTB's need cheaper homes, not the ability to take on even more debt to buy an even more expensive home.

The government is effectively taking growth and prosperity from the future to pump up the economy right now, it's total madness.

Housing has just become a pyramid scheme - those who got in early have seen the asset price inflat as younger generations are forced to take on a lifetime of debt to buy at inflated prices, and others are forced to rent for increasing amounts by the BTL'ers, who again usually got in near the top of the pyramid.

Clearly all this is not sustainable, no pyramid schemes are. Wages have to keep up for this to work, but wage inflation is far, far behind house price inflation.

Osborne is shaping up to be almost as bad a Brown. All he needs to do now is claim there's "no more boom and bust". Not only has he not learnt from the 2008 financial crisis, he is making the same mistakes that led to that crisis on a much bigger scale.

 

Kind you even imagine what ***** would done instead though.!

 

your naivety is astounding, if they truly wanted to do something about this "house of cards" they would have let the banks go bust back in 2007/8

the whole fvcking lot,

instead it was bailed out to the tune of 100 of billions of pounds - in fact the final amount is actually irrelevant because in reality it was an unlimited amount of money, unlimited, unfvcking limited (from the losers who post and whinge on this very forum, no wonder they seem so fvcking confused)

(they = the government of whatever flavor)

you tragically underestimate the power of the status quo

what we have at present is a *******ized facsimile of capitalism, - cronyism and a toxic state oligarchy

ps if you think ukip is the answer you are a fuctard

 

Reasoned in your opinion perhaps. Again and again you have pushed the notion that htb is responsible for house price inflation. Perhaps you are right but I'd like to see the proof please rather than you trying to just repeat it enough times to make it sound like fact.

I accept that you may not have succeeded to evade or avoid tax but it is a matter of record that you sort advice on this very forum to do just that.

I think that tells me all I need to know about the ''I'm alright Jack'' attitude that lurks just below your surface.