Comments on: Young? Can’t afford a house? You’re getting shafted by the government

By: fiannce advice

fiannce advice — Tue, 09 Feb 2010 11:23:38 +0000

In the financial world, everybody is getting the facts and figures wrong and they paid for it with the financial crisis that happened mainly during 2009. House prices have been sharply going up as the wages now are not matching the housing prospects. Even cheap house prices are still expensive and banks are taking less chances on handing out mortgages so a relapse doesn’t happen again so if you want a house make sure you can afford the repayments and put as big down payment as you can to get as best interest rate as possible.

By: Monevator

Monevator — Sun, 10 Jan 2010 01:44:17 +0000

Well, I wouldn’t go quite so far personally Martin, but just getting rid of the tax breaks on buy-to-let would be a start and help first-time buyers compete with landlords who can current write their rental income off against their mortgage payments (which normal home buyers can’t!)

By: Martin McHugh

Martin McHugh — Sun, 29 Nov 2009 18:43:27 +0000

Great stuff. I think you do not go far enough. The government is full of property speculators (as is the media).
My solution:
Minimum room sizes. Maximum property ownership of 3 props (any more heavily taxed). Ban on property conversions. Outlaw banks collecting properties in land banks. Publicise property ownership to reduce mysterious empty houses. Stop buy to let mortgages to control demand side.
Pressure group needed

By: A Fundamental Question – Answered? | Five Pence Piece

A Fundamental Question – Answered? | Five Pence Piece — Mon, 21 Sep 2009 07:08:09 +0000

[...] in my view is merely a dead cat bounce. A mortgage is expensive. My generation has all but been priced out of house-buying, and the current bubble house prices remain in keep this so. Even an interest [...]

By: First time home buyer programs

First time home buyer programs — Thu, 11 Dec 2008 14:08:25 +0000

[...] we found a very interesting article about how difficult it is for first time home buyers to get onto the property ladder. It appears [...]