Why are people having a go at folk wanting to sell and buy

clk299

I do feel a bit rolly eyed at the people who say house prices aren't overinflated. However you look at it, it is not worth paying well over half your salary on rent and bills to live in one room ('studio flat'), when you are on £30k a year. Yet this is what I would have to do, in order to live in that massively salubrious area that is Croydon! I know there are cheaper places but I have to be within an hour of work and anywhere West of East Croydon is too far in traffic. THAT is 'overpriced'. If you cannot afford to rent or buy on a salary that is well in excess of the national average, in a pretty normal area, then I'd say there is something a bit wrong.

dopester

carolt wrote: »

Are you arguing that this has just been in line with actual salary increases? Hardly! :rotfl:Academics would be astonished to hear their salaries had gone up by those kind of figures!

Part of it being the $46 trillion new CDO big money that was spunked out around the US and UK from year 2000 onwards. And probably more from other financial instruments of mass destruction.

You can't argue with them. They genuinely believe that 300%-400% gains are based on some sustainable and healthy economic principles, instead of loose and easy credit in the system allowing for a fury of speculation in property, forcing prices up and up and up and up.