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Debate House Prices
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Why Are High House Prices A Good Thing?
Comments
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You might have more money when you sell, but any equivalent house will still cost what you've sold for - and any larger house will have got further away from your affordability. So you're worse off, not better off, not even standing in the same position you were when you started.Euphoria1z wrote: »if you bought for a lot less than you sold it for, then you have more money when you sell, so those who have property want their property to increase in value so they get more money than what they put in when it comes to sellling,
Wouldn't be an issue if people were able to have repayment mortgages and even overpay because the cost of the house wasn't huge in the first place.Euphoria1z wrote: »plus the more your house is worth and the less you owe on it, then you get the best interest rates so it costs you less to own it.
There you go0 -
PasturesNew wrote: »If all studio flats were £20k, 1-bed flats were £30k, 2-bed flats £40k, 2-bed houses £45k, 3-bed houses £55k, 4-bed houses £65k, then most people would be able to own a home, to feel settled .... to be able to see a way forward to getting a larger house if they wanted/needed ... to be free to spend the rest of their money on doing stuff/having holidays/buying nice things - and above all they could see an end to having to pay back the mortgage.
Without the mortgage to pay back, more people would be less stressed at work, wouldn't have to let the boss break their b4lls each month by piling on more work that the worker felt obliged to do for free because they need to keep the job.
People would have the spare cash to have hobbies and interests and a better quality of life.
Less people would be 'trapped' into benefits because they'd be able to find jobs that covered their overheads. Less relationships would break up because of the high cost of borrowing and high rents.
People would be spending as much/more on goods/services (thus creating employment) because they'd have disposable income to spend on stuff.
People could afford to go on courses to change career/direction; they could afford the time out. They wouldn't feel left behind, left out.
Low house prices are a good thing all round.
If only life was that easy.0 -
Euphoria1z wrote: »why is it not worth the effort? youve already replied, so maybe could have added a few lines to explain your thinking. after all it is a discussion!
Hey you are fully entitled to your say, wrong side and bed springs to mind
'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 -
Not everyone would want the 4-bed ones ... and if that became the norm, then so what ... you'd probably find people would be quite happy to have smaller houses if houses were for sleeping in because they had spare money to go out and do stuff.Everyone would want the 4 bedroom ones so they would go up in price or be rationed Soviet style0 -
PasturesNew wrote: »Not everyone would want the 4-bed ones ... and if that became the norm, then so what ... you'd probably find people would be quite happy to have smaller houses if houses were for sleeping in because they had spare money to go out and do stuff.
Don't think so somehow, they could do that now.'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 -
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PasturesNew wrote: »It could be. It's greed and people that make it hard.
Remember Deco - Greed is good :eek:'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 -
PasturesNew wrote: »Not everyone would want the 4-bed ones ... and if that became the norm, then so what ... you'd probably find people would be quite happy to have smaller houses if houses were for sleeping in because they had spare money to go out and do stuff.
65k is not a lot of money, everyone will be fighting for the 4-beds.0 -
doesn't matter how you dress it up, or what way you look it at, in comparison to all things in life, UK house prices are way to high. Fact.
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
PasturesNew wrote: »It could be. It's greed and people that make it hard.
In this dream, could I purchase 20 4-beds and let them out for several hundred a month?0
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