TONITE on C4 @ 9pm - The Price of Property

ruggedtoast

Like Andrew "No Balls" Verity's effort, this show seemed frightened to state, explicitly, that property is very overpriced; will come down in value significantly; and that the boom hasn't benefitted many people at all.

Society has a moral and common sense obligation to provide adequate secure housing for its people to live in and have families. Crippling a young working couple under ten tonnes of mortgage to buy a rabbit hutch so that they can fund some pensioners retirement and pay vast amounts of interest to some foreign conglomeration for the rest of their lives is in no-ones interest.

I am aware this isnt a popular view amongst home-owners but they need to hear it.

skap7309

ruggedtoast wrote: »

Like Andrew "No Balls" Verity's effort, this show seemed frightened to state, explicitly, that property is very overpriced; will come down in value significantly; and that the boom hasn't benefitted many people at all.

Society has a moral and common sense obligation to provide adequate secure housing for its people to live in and have families. Crippling a young working couple under ten tonnes of mortgage to buy a rabbit hutch so that they can fund some pensioners retirement and pay vast amounts of interest to some foreign conglomeration for the rest of their lives is in no-ones interest.

I am aware this isnt a popular view amongst home-owners but they need to hear it.

Thankyou. Best post i have read in a long time. People see a roof over people's heads as a business alot of the time, rather than a basic survival tool.

jamescredmond

ruggedtoast wrote: »

Like Andrew "No Balls" Verity's effort, this show seemed frightened to state, explicitly, that property is very overpriced; will come down in value significantly; and that the boom hasn't benefitted many people at all.

Society has a moral and common sense obligation to provide adequate secure housing for its people to live in and have families. Crippling a young working couple under ten tonnes of mortgage to buy a rabbit hutch so that they can fund some pensioners retirement and pay vast amounts of interest to some foreign conglomeration for the rest of their lives is in no-ones interest.

I am aware this isnt a popular view amongst home-owners but they need to hear it.

!!!!!! me with a toasting fork around the old camp fire!!

this sounds a bit socialist to me.

so I'm not the only one who thinks society has an obligation to itself when it comes to the provision of a basic life-supporting requirement.

good to know.

dopester

jamescredmond wrote: »

so I'm not the only one who thinks society has an obligation to itself when it comes to the provision of a basic life-supporting requirement.

good to know.

It isn't just that though is it - although that in itself is so very important.

All that imaginary illiquid wealth locked in property not really doing anything. And if people move the prices they have to pay for a new property are comparable in the scale.

Society is much stronger in the long run in building wealth into investments in financial assets rather than property. Not stacks of debt and crazy high property valuations.

Trollfever

Holding costs on this property £5,000 a week and then add on depreciation!

http://www.rightmove.co.uk/viewdetails-10888014.rsp?pa_n=4&tr_t=buy

.

Austin_Allegro

As far as I can tell, the programme got made because someone had a hot air balloon and a camera, and was wondering what they could do with them. So we just got endless aerial pictures of Notting Hill, some interviews with old dears who had made millions in the property market by accident (though they hadn't actually made anything because they hadn't sold).

There was no serious attempt to understand why the UK property market has reached such a vast, toxic, malignant bubble other than some middle class handwringing about bad conditions in 1950s rental accommodation.

I do wish that property developer the best of luck though in selling his disused stable for six billion or whatever it was.

carolt

I missed it, though did a lengthy and very dull ramble by the same bloke who made it in the Guardian, I think.

Take it it's not worth watching then?

What's next week's supposed to be about?

carolt

ruggedtoast wrote: »

Like Andrew "No Balls" Verity's effort, this show seemed frightened to state, explicitly, that property is very overpriced; will come down in value significantly; and that the boom hasn't benefitted many people at all.

Society has a moral and common sense obligation to provide adequate secure housing for its people to live in and have families. Crippling a young working couple under ten tonnes of mortgage to buy a rabbit hutch so that they can fund some pensioners retirement and pay vast amounts of interest to some foreign conglomeration for the rest of their lives is in no-ones interest.

I am aware this isnt a popular view amongst home-owners but they need to hear it.

Great post.

It reminded me of lostinrates' attempt at rabble rousing which I meant to return to (sorry, lostinrates - been rather busy, with start of term and all that) - I really liked the idea of it but was not sure what the focus of the protest should be. Obviously, to not nick our tax money to spend it on a load of attempted market props and bailing out the !!!!less - but I felt there ought to be more - that this a symptom rather than a cause of the malaise we find ourselves in.

I think ruggedtoast's post summed up a lot how I feel - shame it's not quite worded appropriately....

lynzpower

Like Andrew "No Balls" Verity's effort, this show seemed frightened to state, explicitly, that property is very overpriced; will come down in value significantly; and that the boom hasn't benefitted many people at all.

I agree. It was very telling that C4 had done this, with no reference whatsoever to the role of property !!!!!! and C4s role within that.

carolt

carolt wrote: »

Obviously, to not nick our tax money to spend it on a load of attempted market props and bailing out the !!!!less - but I felt there ought to be more - that this a symptom rather than a cause of the malaise we find ourselves in.

Can't believe the effing spellchecker has a problem with f eckless!!!!