From: curiosity 
Newsgroups: uk.finance
Subject: Re: Lets Crash the Housing Market..First Time Buyers.
Date: Tue, 13 Sep 2005 13:29:22 +0100

On Tue, 13 Sep 2005 10:59:17 +0100, "Gav"
 wrote:

>
> wrote in message 
>news:1126555544.676279.278560@g43g2000cwa.googlegroups.com...
>> 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.
>>
>
>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.

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...


> 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.
>

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