Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

twadge_face

blisk3 wrote: »

UK 'needs stable house prices' says Tory housing minister

20 years of Japan innit.

twadge_face

sabretoothtigger wrote: »

Meanwhile over at crash HQ

...someone hilariously posted a picture of Glastonbury Festival tents, who unwisely camped next to the embankment, before mega-rain.

GENIUS SABRETOOTH!

blisk3

Shnapps the tiger bites back




UK 'needs stable house prices' says Tory housing minister

People should no longer see property as an investment for retirement, Housing Minister Grant Shapps has said.

In an interview with the Observer, the Conservative minister said he wanted government policies to usher in a new age of "house price stability".

He suggests the government could help limit further house prices by encouraging the building of more homes.

Mr Shapps said it was "horrendous" that house price growth had outstripped earnings since the 1990s.

"But we also believe that (property) should be primarily thought of as a place to be your home."

The MP for Welwyn Hatfield told the paper he wanted people to look to investments that are supposed to offer security in old age, rather than rely on housing.

He described the rise in prices between 1997 and 2007 as a "crazy period", which had left many younger people struggling to buy a home.

"I think it is horrendous that a first-time buyer would need to be 36 on average if they do not have the support of mum and dad," he told the paper.

"The main thing everyone requires for their subsistence is a roof over their head and when that basic human need becomes too expensive for average citizens to afford, something is out of kilter.

"I think the answer is house-price stability."

He spoke of a "rational" market in which house prices fell in real terms, by increasing by less than earnings.

BE WARNED !

julieq

Why did you just post the same thing twice Blisk? Would it be to bump this thread over the other one where the comments are being dissected sensibly? No 40 point Helvetica Bold, admittedly.

There isn't going to be a crash. If there was, it would have happened 2 years ago. Get over it.

blisk3

julieq wrote: »

Why did you just post the same thing twice Blisk? Would it be to bump this thread over the other one where the comments are being dissected sensibly? No 40 point Helvetica Bold, admittedly.

There isn't going to be a crash. If there was, it would have happened 2 years ago. Get over it.

House prices are steadily falling again, cuts still to bite, prices increasing, inflation too high, unemployment high & rising, high levels of migration providing, globilisation competition pressures increasing, interest rates being held artificailly low.

Have you read the Housing Ministers comments ?

If you have anything useful to say say it.

chucky

blisk3 wrote: »

House prices are steadily falling again, cuts still to bite, prices increasing, inflation too high, interest rates being held artificailly low.

Have you read the Housing Ministers comments ?

If you have anything useful to say say it.

you do try hard, you really do try.

define "steadily falling again"

undetterred

blisk3 wrote: »

House prices are steadily falling again, cuts still to bite, prices increasing, inflation too high, unemployment high & rising, globilisation competition pressures increasing, interest rates being held artificailly low.

Have you read the Housing Ministers comments ?

If you have anything useful to say say it.

what do you have interesting to say?perhaps blisk4 will be more interesting.

blisk3

chucky wrote: »

you do try hard, you really do try.

define "steadily falling again"

I don't need to try hard, it's all there plain to see. :rotfl:

See post #664

chucky

blisk3 wrote: »

I don't need to try hard, it's all there plain to see. :rotfl:

See post #664

not sure why i'm bothering here but i'll give it a go...

you've taken a YoY graph to tell me house prices have falling - statistics doesn't seem to be your strong point does it.

if anything the YoY graph tells us more about about the price rises 12 months ago than now

undetterred

Liberal Democrat peer Lord Oakeshott said high house prices were a "curse for the young" and called for greater acceptance of renting.

"We must end our unhealthy British obsession with owner occupation for all," he said.


interestingly the above is taken from sky's news article on the subject.

the future looks rosy for btl