Lets Crash the Housing Market..First Time Buyers.

Hi,

If your reading this mail, you are probably from 2 Camps:

Camp A The non House Owner. A group of individuals who have had there hopes and dreams washed away from under there feet, as they struggle to come to terms with never being able to own a property. A group of people who see the overwhelming smiles on House owners faces as they feel so smug they bought at the right time. A group of people who overhear in the local bars and restuarants those feel good lines "oh, I don't know what we would have done if we hadn't have bought".

Camp B The House Owner. A bunch of self rightous "were middle class now" set of individuals who seem to think all they touch turns to gold. A bunch...there is no more to be said..

The difference between these two Camps is that if First Time Buyers stick together and withold from the market for the next year completely, then house prices will tumble to a non inflated price range.

So,

First Time Buyers, the message is Clear..

Don't Buy Now..

Ian Mihary.

Reply to
ianmihary
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LOL.......you seem to be trying to move all the "individuals who have had there hopes and dreams washed away from under there feet" into the group of "self rightous "were middle class now" people.

Why would you want to do that? Anyway, now that you are back at school, pay more attention in your English lessons. And stay out of wine bars, you obviously aren't old enough to be in them.

Reply to
Tumbleweed

Yeah, wot e said ;o)

Reply to
Matt Robertson

In message , snipped-for-privacy@europe.com writes

That's a big bag of chips on your shoulder, and a large bunch of sour grapes in your pocket

I am a house owner who is neither smug nor self righteous, merely older.

Dont forget that all of us houseowners were 1st time buyers aswell, and I can certainly recall hardly being able to afford the house which I bought, but I eventually stretched myself to the limit and did it. I was so naive that I dont know what the market was like at the time.

Have you noticed that the property market seems to be cooling as you write? This suggests that market forces are already making 1st time buyers do what you suggest, and they dont really need anyone to tell them.

Reply to
Richard Faulkner

You also own other property which you rent out to people unable to buy their own homes because they're all owned by people like you?

Reply to
mogga

wrote

Ermmm - which "camp" are you suggesting the target of your request ("First Time Buyers ... Don't Buy Now") are in? I presume "Camp A", as they do not yet own a house.

That means that they "...have had there hopes and dreams washed away from under there feet, as they struggle to come to terms with never being able to own a property." Hmmm - so, what you are really saying is "all those people that have decided that they can't afford to buy a house, please don't buy a house!" Doh!!

Reply to
Tim

Problem here is that if they don't buy they will end up renting somewhere

instead. Thus feeding those in "Camp B" (I'm assuming "camp b" includes

BTL) and making it worthwhile for them to invest further in the property

market. To shake things up you would not only need to not buy, but not rent

either, i.e. stay with Parents or Friends as a lodger. But these days people

can't wait to leave home and renting is usually the way they go initially. As

it happens I fall into neither camp, I am still living with parents which allows

me to save a heck of a lot, so when I do decide to purchase a house I'll be

paying cash for it.

Reply to
Gav

In message , mogga writes

Bollocks! Is the short answer

Your comments are typical at a time when the market is at its' peak, and which are completely absent when it is not. Are you also one of those types who has been saying for years that the market is set for a crash, so it would be foolish to buy? Almost every single property owned by a landlord was equally available to anyone else at the time it was sold.

There has always been a sector of the population who prefer to rent rather than buy, and it doesnt matter what the state of the property market. Without people like me, they would not be able to do what they wish.

Secondly, most of the flats that I own are owned under titles such that they could not be sold to individuals under separate titles - that is how I bought them. The people you are talking about could not possibly have bought most of what I own, so I have not, and am not, preventing anyone from buying anything.

In addition, the flats which I own on individual titles were fully available to the people you are talking about when I bought them, as were many similar flats at the time.

Having spent a fortune, creating reasonable living accommodation from hovels, there will come a time when i split the flats into separate titles, and make them available for sale, thus increasing the supply, (in a small way), to the people you are talking about.

Reply to
Richard Faulkner

Moronic generalisations.

Reply to
Daytona

Just for some balance, I could easily afford my first house. Choosing whether you wish to go through financial pain to acquire a house is a personal choice; different people will make different choices.

Daytona

Reply to
Daytona

But don't forget the newbuilds as a response to market tension - this has swollen the ranks of camp B perhaps without sufficient nourishment to go around. When even the shoeshine boy has got wind of BTL then something has to give - my guess is the BTL craze will either self-extinguish or credit for it will dry up or it will become politically such a hot potato that it will be de-incentivised. I'm thinking here of the ex-teachers who used their one-home equity to build up a portfolio of 500 houses or so. Now just imagine when the shoe-shine boy hears about THAT...

Good for you, stay at home for as long as poss...

Reply to
curiosity

Perhaps a bit too short - though clearly not ALL buyers have been excluded by BTL I've no doubt that BTL generally has lifted prices in certain market areas and hence exacerbated the problem for FTBs.

But the means to purchase multiple properties have certainly not been available to 'anyone else'. Of course only 'opportunity' is to blame but the relatively poor often have a tough time of things when the relatively rich can turn all sorts of tricks to become richer. The vicious (or virtual depending on your POV) circle of [having house]-[releasing equity]-[buying another house]-[market tension]-[prices rise]-[buy another house]....needs that first house. 'Opportunity' is rarely equal.

I'm out of my depth on here. Sounds like a market nicely biased in favour of the seller. How does it work?

Reply to
curiosity

As others have pointed out, that's hopelessly simplistic. Go to

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and do some swotting.

Reply to
curiosity

Sure, but in the rush to generalise the OP has forgotten that there is a genuine target group - those that could go ahead but are undecided....

Reply to
curiosity

should have said

....in favour of the buyer....

Reply to
curiosity

In message , curiosity writes

Increased demand increases prices, unless supply keeps up - it's a fact of life here, so we need to get used to it. When FTB's start to buy again, they too will lift prices for following FTB's. Nobody has ever said how unfair it is that FTB's buying houses is making it more difficult for FTB's to buy houses. It's a vicious circle and whingeing wont change anything.

At the time I purchased the majority of my properties, given the condition of the properties, and standard of tenants in occupation, very few people would have even wanted to buy them. The so called disadvantaged FTB's would have run a mile from them. In fact, I lose count of the number of FTB's who rejected properties which needed a bit of damp proofing, a bit of woodwork etc... I cant stress how much these people would not have wanted to buy what I have.

Like I said in a previous post, we were all FTB's at some stage. Unless age precluded them, anyone who didnt buy a house between say, 1999 and

2003, has absolutely no reason to complain. The opportunities were there in volume.

I'm not pretending to be a charity, I'm in this to make money, but what I say is factual. If there were no landlords, where would many people live??

Which is why I have been able to do it

???? I was the buyer

I have 2 large Victorian houses, each converted into 7 flats. The houses were both sold as 1 unit, with no possibility of being split into 7 separate units at the time. (Actually, 1 of them could have been, but the seller didnt want the hassle of doing it). So a buyer had to have the ability to buy the whole lot, or not at all. Most FTB's cant do this, and wouldnt want to in any event.

There's nothing sinister - It's a bit like saying how unfair it is that the ordinary Joe cant buy the Arndale Shopping centre.

Reply to
Richard Faulkner

And I would say that the sellers were landlords selling what they had created, or previously bought. In the context of your discussion, it's academic as you would see this as one landlord shafting another - Result!!!

Reply to
Richard Faulkner

In message , curiosity writes

Who is this shoeshine boy? Sounds like you think he has no right to consider getting onto the housing ladder?

Reply to
Richard Faulkner

FTBers are often happy with one house. BTLers tend to want quite a few. To draw a parallel between the respective influence of FTBs and BTLs on the market is inane. Housing is too an important issue to leave to the mercy of spivs and speculation.

But on reading below it seems you've done nothing other than purchase a large house and split it up. I was under the impression that something unusual was going on here.

(I did correct this error)

I appreciate that splitting up large houses is not for everyone and of course a developer should be paid for his work.

Try and keep your delusions of grandeur in check.

Reply to
curiosity

Does it?.. then you've missed the point.

Reply to
curiosity

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