Gransnet forums

Legal, pensions and money

Page 1 of 1
Flip | Customise

And away we go ..

(2 Posts)
Add comment | Report
Framilode Sun 16-Aug-20 07:35:22

I think the signs are of a housing bubble - a bit boom and bust. I remember years ago when the government announced they were going to do something with MIRAS the same thing happened, followed by a housing recession.

With all the unemployment that is coming confidence will be low and that will affect the housing market.

Add comment | Report
rosecarmel Sun 16-Aug-20 07:24:01

Again? Another "total sellers market", approximately 3.2 buyers per house, at inflated prices that are still rising and mortgages flying out the doors to buyers that won't be able to maintain payments-

The money being "played with" for down payments came from the Covid Stimulus Package payouts and not earned and saved/invested wages: "unemployment" checks + covid bonus-

At the same time, home foreclosures/delinquencies are already on the rise- The moratorium on foreclosures ended the last day of July-

Is it another housing bubble?

Page 1 of 1
Flip | Customise