Why is HPI seen as a good thing by the media and homeowners ?

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StevieJ wrote: »

Do I have to dig out home ownership stats

Dig out stats if you like, my statement was a real world example, the fact is FTB'rs today are shafted into thinking a pokey 1 or 2 bed flat is a FTB'r home.

focus888

I think being in debt is more acceptable nowadays compared to before. The older generation prefer saving up and buying a home outright (and with the prices of what they would have been) it would amount to the equivalant of a deposit for our times.

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I don't understand why people like HPI apart from homeowners trying to sell up, apart of me things we should all have a ban on house buying for now so that the prices are forced to go down but then we would all be fighting over properties, and also if no one brought properties then wouldn't our finance as a country be getting worst each passing day.

torontoboy45

needahome wrote: »

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.

and some of the blame for the encouragement /endorsement of this 'live the dream' mindset lies with my (40+) generation in the form of bankers (again), advertising houses and politico's.
and before anyone over 40 trots out the weary line about 'individual responsibility' try answering this: did you never make a financial mistake when you were in your 20's? would you have easily resisted the overtures about easy credit from the banks? could you have blithely ignored multi-media advertising telling you that you can have it all?

for sure, there are plenty of savvy 20-somethings out there but not much evidence of them on midsummer boulevard, milton keynes recently.
I walked this boulevard to the mk centre at 0830 on a weekday and quickly became conscious of being stared at. I wondered if I'd grown another head. and then it clicked: the starers were well-dressed office workers, nearly all under 30. I was in jeans, sneakers and polo shirt - seemingly the only casually dressed guy on the street.
I'd like to think that I was being looked apon as a 'curiosity' but - judging by some expressions - I got the feeling of being 'looked down apon' by people who perhaps earn less than half of my salary and nowhere near as financially secure.
I didn't feel offended, just a little sad that the coming reality check is about to knock these people sideways.

StevieJ

torontoboy45 wrote: »

I walked this boulevard to the mk centre at 0830 on a weekday and quickly became conscious of being stared at. I wondered if I'd grown another head. and then it clicked: the starers were well-dressed office workers, nearly all under 30. I was in jeans, sneakers and polo shirt - seemingly the only casually dressed guy on the street.
I'd like to think that I was being looked apon as a 'curiosity' but - judging by some expressions - I got the feeling of being 'looked down apon' by people who perhaps earn less than half of my salary and nowhere near as financially secure.
I didn't feel offended, just a little sad that the coming reality check is about to knock these people sideways.

Assumptions! They, about you:cool: And you, about them

mizzbiz

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.

Spot on mate. And none of it paid for in cash.

Dan:_4

The average person could not afford to buy in 40s/50s either, but it didn't matter because it was normal to rent back then. These days, for some reason, it's normal to buy, hence all the schemes available to assist those that can't afford it.

Cat695

No one has actually answered the question yet as to why they want house prices to increase as they did before?

ukcarper

I don't think many people do

WhiteThierry

Cat695 wrote: »

No one has actually answered the question yet as to why they want house prices to increase as they did before?

i think if you look at some of the posts you'll see a few reasonable theories as to why working class people are lead into thinking increases are a good thing

Cat695

WhiteThierry wrote: »

i think if you look at some of the posts you'll see a few reasonable theories as to why working class people are lead into thinking increases are a good thing

but not at the rate they did......again I ask why would someone rather have a 250k house with a large mortgage when they can have a100k house and have lots of money to spend on new cars BIG tv etc etc

it just doesn't make sense