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Debate House Prices
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Why is HPI seen as a good thing by the media and homeowners ?
Comments
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Um, well houses are bought with debt. House price inflation is good for homeowners as it reduces the value of the debt. House price deflation is bad for homeowners as it increases the value of the debt.
How does it reduce the value of the debt ?, surely only wage inflation can do that. I understand that deflation is bad, but that wasn't what I was asking.0 -
The answer is easy, the average person from the fifties, why ? in the fifties my mum and dad bought a nice 2 bed semi-detached bungalow in the countryside, it was on a corner plot with enough land to extend it to a make a 4 bed (which he did), still loads of garden left for their children of the future to play in. What did they do for a living ?, my mum was a housewife and never did paid work again after she married my dad, my dad was a lorry driver, that's it.
Today, for that same home, I would guess you would have to have a couple of lawyers/Dr's etc.. to be able to afford that now.
Do I have to dig out home ownership stats'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
it's called the Mrs Bucket syndrome, I see it everyday with the muppets who earn less than £20k a year who think they are "middle class" because they wear a suit at work and watch the apprentice on a night time.
they dont realise that because we now live in a service economy that they are still at the bottom of the food chain just like their parents were when they were working down the pit.
agreed. i seem to remember a certain tony blair telling us that we were a nation of middle classes a few years ago. basically the HPI has kept the working classes onside by providing them with a belief that they are progressing, while that is true the people above you are progressing quicker so you're still at the bottom but because you have a shiny BMW on your drive and an expensive house it feels better.0 -
it always makes me laugh this.......why would people want house prices to rise as they did before??
surely they/you/I would prefer spending their hard earned cash on luxuries rather than a huge mortgage??If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
WhiteThierry wrote: »agreed. i seem to remember a certain tony blair telling us that we were a nation of middle classes a few years ago. basically the HPI has kept the working classes onside by providing them with a belief that they are progressing, while that is true the people above you are progressing quicker so you're still at the bottom but because you have a shiny BMW on your drive and an expensive house it feels better.
the younger "middle class", make me laugh the most, with their media studies degree from an ex poly and cheap bottles of tesco wine who think they are doing much, much better in life than someone who does a manual job like plumbing.0 -
the younger "middle class", make me laugh the most, with their media studies degree from an ex poly and cheap bottles of tesco wine who think they are doing much, much better in life than someone who does a manual job like plumbing.
Are you at Uni?? take it you are not studying plumbing then?If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
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a lot less people bought in the 40s & 60s reducing demand
They didn't buy because they couldn't afford to buy, there was less demand and less supply.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
a lot less people bought in the 40s & 60s reducing demand
I think it was down to families actually staying together back then.....plus there had been hundreds of thousands killed in WW2
so I guess there would be less of a demand.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
dont think people bought flats really back then imoPrefer girls to money0
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