where do you think house prices will be in 10 years?

lostinrates

Cleaver wrote: »

It's an interesting one.

For me, I don't really give two hoots what plans, lending levels, salary / house price ratios initiatives and government rules people discuss on here. It means nothing, in my humble opinion.

When I get a sense that there's been a tipping point in society, when you can feel that there is a sea-change in people's attitute to houses, money and credit, thats when I'll start agreeing that it's "different this time", and that we will "never be in this mess again".

For what it's worth, I don't think we are anywhere near that cultural critical mass at the present time.

I agree. Furthermore, I think society aren't going to reach any real tipping point unless there is an over haul of how we rent/let property and how tenants are treated fiscally in comparison to home owners (i.e. tax on savings) among other things.

incher

Cleaver wrote: »

When I get a sense that there's been a tipping point in society, when you can feel that there is a sea-change in people's attitute to houses, money and credit, thats when I'll start agreeing that it's "different this time", and that we will "never be in this mess again".

For what it's worth, I don't think we are anywhere near that cultural critical mass at the present time.

It is interesting, indeed! But it's early days still for this 'crisis' surely? Although I'm not sure how many more months/years of house prices falling and people being made redundant it will take before people do change their attitudes.

From my own personal point of view, I still desire a 'nicer' house in a 'nicer' area than the one I presently own. However, my attitude has definitely changed in that I'm not prepared to expose myself financially in order to get that. It has to be well within my means, or it won't happen. I guess what you mean is that a majority of the population need to start thinking like that (or similarly at least) before a "sea-change" is detected?

Cleaver

lostinrates wrote: »

I agree. Furthermore, I think society aren't going to reach any real tipping point unless there is an over haul of how we rent/let property and how tenants are treated fiscally in comparison to home owners (i.e. tax on savings) among other things.

Yup. I.e., real policies that would make an actually difference to the whole culture and attitudes people have around this area. At the moment there is just posturing from all political parties and a sense that they are just saying the right thing to please the public.

I'm, like, well in to my italics tonight.

Cleaver

incher wrote: »

From my own personal point of view, I still desire a 'nicer' house in a 'nicer' area than the one I presently own. However, my attitude has definitely changed in that I'm not prepared to expose myself financially in order to get that. It has to be well within my means, or it won't happen. I guess what you mean is that a majority of the population need to start thinking like that (or similarly at least) before a "sea-change" is detected?

Yeah, I guess that's spot on. I just don't know if that will ever really happen. Maybe I'm not giving the general public much credit (no pun intended), but I think that desire for 'nicer houses' will still be just as strong in 2019 and people will find a way to achieve their 'dream house' (whatever that is) by any means.

hundredk

amcluesent wrote: »

House prices won't be an issue as all will be seized by the State and allocated according to a strict priority. This priority being -

1) 'seekers'
2) Muslims
3) Member of any ethnic group (non-white)
4) Single white women with illegitimate children
5) Single white women
6) White couples

Single white men will be expected to live in a local hedge.

Apart from lesbians at no.4, isn't this the current criteria for getting a council house

incher

Yes, one of the worst things about renting privately is surely the lack of security? I've seen friends having to move 3 times in 18 months as three separate landlords decided to sell/move back into their properties. What a nightmare.

But unless council housing is brought back into play, renting privately, often from BTL-ers who may sell at any point, is the lot of people who can't buy, isn't it?

What sort of policies could be brought in to change people's attitudes to renting though?

lostinrates

incher wrote: »

Yes, one of the worst things about renting privately is surely the lack of security? I've seen friends having to move 3 times in 18 months as three separate landlords decided to sell/move back into their properties. What a nightmare.

But unless council housing is brought back into play, renting privately, often from BTL-ers who may sell at any point, is the lot of people who can't buy, isn't it?

What sort of policies could be brought in to change people's attitudes to renting though?

Longer, more secure tenancies. For example,In Italy the standard tenancy is 4 + 4 years. And you are a little insulated against increases. The pay off for the landloard is few voids and he doesn't have to do anything other than main strucural maintanance. Tenants have security, and decorateand furnish to theior tastes, and can do so knowing they aren't moving in the near furture. When I say furnish, that usuially includes kitchen, often includes bathroom and sometimes even means boiler! When you receive the property it is newly painted white, when you leave you have it newly painted white.

Renting in the city securely means you can get on with life a bit more. Many city dweelers rent their apartment but owna home somewhere they can holiday in summer/weekends.

incher

That would improve things, certainly LIR. But it would require a 'sea-change' as Cleaver said, to bring about such a change, wouldn't it? We in the UK are so entrenched now in our desire to own our own home, aren't we?

bo_drinker

Cleaver wrote: »

Yeah, I guess that's spot on. I just don't know if that will ever really happen. Maybe I'm not giving the general public much credit (no pun intended), but I think that desire for 'nicer houses' will still be just as strong in 2019 and people will find a way to achieve their 'dream house' (whatever that is) by any means.

Just so as they can keep up with or better the Jones's as it has always been. Houses, cars 4wd, Hi fi tv etc etc etc. It's not going to be that easy for a few now though. Frugle will be the new bling.

bo_drinker

Cleaver wrote: »

Yup. I.e., real policies that would make an actually difference to the whole culture and attitudes people have around this area. At the moment there is just posturing from all political parties and a sense that they are just saying the right thing to please the public.

Because they are all running round like headless chickens not knowing how to fix things and at the same time "expenses" have been rumbled at a time when so many are losing out.