Thanks Hodgy0 2 .
I didnt hear that programme but it confirms it enuff for me .

 

.One in five people could be renting privately by the end of the decade, according to the Building and Social Housing Federation.


Research also suggests that the private rental sector could be larger than the social renting sector by 2013.

The BSHF claims that the reasons people rent in the private sector are not always down to personal choice and is in danger of becoming the tenure of last resort.


Here you go ,found this for you .

 

Its all "could" be this "maybe" that....

There is no way that in 10 yrs there will be that amount of renters...Unless we have a huge recession and everyone loses there homes through no work..

I think i only know about 3-5 people that rent there homes.And no,i dont only know 15 people......lol.........

Just as an aside....What is the ratio of people renting at the moment ?

 

Its only the likes of Maggie Thatcher ,who made owning their own home the be all and end all .Most of Europe is not set on owning their own place and they are quite happy to Rent as opposed to Owning their own place .

Maybe this country is going back to this type of living .And lets face it ,this country is being taken over by immigrants ,who come here with nothing and the only option is to Rent .Think about it !!!!!!

 

I worked in Germany years ago and I presume the Germans had the same thoughts as what you have now. Lots of Europeans coming into thier country taking jobs away from normal people?? I can tell you now that when I worked away I was paid less than a normal German worker so it seems good to all the businesses to hire me but in reality the Germans must of thought there is no way I wqill do all that work that cheap??? Obviously British workers have more pride in thier work but the principle of Immigrants is the same. I personally don't worry about this situation as I always know the Immigrants will leave such shocking work that it gives me more work trying to put their work right

 

Mortgage lending down 86%!!! since last month , well i never - who'd have though it

 

Market's gonna tank. I may put off buying until at least Xmas.,

 

Well its no wonder when all the new buyers need a whopping geat 20-25% deposit .Even on a basic £100k terrace ,it means the young kids need 20-25 k saved up !!!!

I see this needing to change,to give the young ones a chance to get started. Although quite the opposite has been suggested by the mortgage lenders,who want even bigger deposits before giving out a mortgage !!!

 

100k won't buy a shed where I am.

 

Loads of flats for 100k around Altringham...

My mates selling his farm in Alderley edge and is thinking of moving up your way..Bowden seems to be the place he is concentrating on..

 

Yeah but flats suck. I want a house even if it's just a humble terrace.

Bowdon is expensive but your mate sounds loaded.

 

He has a few quid....

And yea,flats aint the best


But better than a shed eh................lol...............

 

Strange..... I can get you 4.58 with a 10% deposit. It isn't cheap, but with no fees, it isn't unreasonable. Can I ask if you get your information from the Daily Mail, or did you just make it up like they do?

 

Check the small print, it probably is for graduates only or something.

 

Err, I think he does that sort of thing for a living, so I'm sure he's well aware of the small print.

Btw, Fastbloke, you haven't replied to my pm!

 

Lol .I get my info from many sources !!!!

That doesnt sound bad though 4.58.Is there hefty fees with that ??

 

 

Hey I was working at the time and take your point !!!!!

 

No comment on today's house price news?

"House prices fell for the second month in a row in August, according to the Nationwide building society"

"Nationwide said house prices had "essentially stagnated over the summer"."

""Given that the price increases of the last year had gotten ahead of the recovery in the wider economy, the current correction is not an unhealthy development.""

"There was a major disconnect between the property market and the economy. House prices rose at a rate that was simply unsustainable and a degree of correction was always on the cards," said Richard Hatch, of property consultancy Carter Jonas.

Although falling prices would be welcomed by first-time buyers, their attempts at getting on the property ladder are being challenged at present by large deposits being demanded by lenders.

Howard Archer, chief economist at IHS Global Insight, said he expected prices to fall by between 3% and 5% in the second half of 2010, followed by a 5% drop next year.

Still don't worry folks, I'm sure the next "surge" is just around the corner.

 

i would still rather have my money in decent property every day of the week

 

Where would you want the money at the weekend?

 

Probably down his pants.

 

Dont be fooled by a few "blips" here and there .

History tells you ,property is still one of the best places to put your money ,and I reiterate ,you make your money when you buy your property .!!!!

Crack on ,theres some real bargains out there at the moment .

 

i'm not sure how long your week is, mine is usually 7 seven days (inc weekends)

 

Bit of news - http://uk.reuters.com/article/idUKTRE68C58E20100914

 

Are these falls in house prices likely to keep interest rates low? I don't care what my house is worth because I am staying put, but at the moment it's easy for people like myself to overpay their mortgage if they wish.

 

No doubt they will, as the BoE will want to keep prices propped up as much as possible.

 

Keep on paying it down Jimbo .
Makes sense Son !!!!!!

 

Agree, keep paying whilst rates are low. IMO rates are likely to remain low for some time, but banks are likely to continue increasing mortgages rates anyway due to new regulations which have just been agreed meaning they have to massively increase their cash reserves.

This in turn will mean a lot less 'cheap money' (ie easy to borrow, low rates). Obviously this in itself is yet another nail in the coffin for massively over-inflated house prices, which look to be at the start of the 'double dip' about now. Expecting prices down a couple of percent overall at the end of the year, then another 10-20% off over the next year.

 

Also with inflation running at over 3 percent it will be interesting to see what happens to real prices over the next few years.