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Debate House Prices
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Why Are High House Prices A Good Thing?
Comments
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2-beds cost about 50% more to rent than a studio, so I rent a studio. A 2-bed flat + bills would take up about 80% of my takehome pay or more .... at the moment, more like 110%.IveSeenTheLight wrote: »Just from personal belief and experience of the rental market I have a vested interest in.
To purchase a 1 bed / studio flat would severly limit both the rental market for the area I have the VI in and for future saleability for the same reasons.
I'm not saying there is anything wrong with a 1 bed flat (I rented one at one time as well) or a studio, but have found more rental stability and more people in the market looking for a minimum of 2 beds.
There is a shortage of smaller places in my experience. Not many studios ... hang on, not many AFFORDABLE studios about. Some BTL LLs bought some but they cost the same to rent as an older 1-bed or 2-beds, so there's no point.0 -
PasturesNew wrote: »I don't know where you got £400k from... I'd not be sat online typing !!!!!! into a forum if I had that much.
Where do I send the bill for a new computer to? This one's ruined with the coffee I just spat over it!:rotfl:In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
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PasturesNew wrote: »If you snooze, instead of sitting watching TV with the light on scoffing biscuits, then you can save the cost of a TV and lightbulb and biscuits. This could add up to a significant 50p/day, or £180/year.
Ok, or you could be more sociable and go round to a friends and still get to watch TV, have a light on and get some biscuits
Or, go out and get an evening job to earn more than the 50p per day you could save by snoozing. :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Gorgeous_George wrote: »Maybe the Welsh too?
Eh? We were here first. Looks like we will have to send you b*ggers back to Saxony & Normandy.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
PasturesNew wrote: »2-beds cost about 50% more to rent than a studio, so I rent a studio. A 2-bed flat + bills would take up about 80% of my takehome pay or more .... at the moment, more like 110%.
There is a shortage of smaller places in my experience. Not many studios ... hang on, not many AFFORDABLE studios about. Some BTL LLs bought some but they cost the same to rent as an older 1-bed or 2-beds, so there's no point.
But I didn't invest in property to suit your personal needs, I bought to suit the market area I have a VI in, which I believe I have adequately responded to as my reasons for.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »We most certainly do not have the right to be able to buy a 3/4 bed home AND have enough income to spend on luxuries on top of lifes essentials.
I agree with this. But it would be good if the average people could afford to buy/rent a suitable home and invest in secure retirement saving. If this included methods that did not impact on the cost of the former cost for many (athough I make no numerical claim or assumption on that matter) it would be very good.0 -
lostinrates wrote: »I agree with this. But it would be good if the average people could afford to buy/rent a suitable home and invest in secure retirement saving. If this included methods that did not impact on the cost of the former cost for many (athough I make no numerical claim or assumption on that matter) it would be very good.
Retirement saving is one of those luxuries I think. It's not an essential. Eating today is an essential.
It would be nice to have a home AND be able to save though.0 -
Rising house prices has the effect of distributing wealth from FTBers (usually young people just starting out) to older more established people.
It hardly bodes for a well educated, well balanced young generation with good life chances does it?
One of the other effects is that current house prices have only been sustained by UK banks borrowing from international money markets leaving the UK as a country highly susceptible to market trends, which can change suddenly as we've seen over the last 2 years.
The BoE should be targeting house prices to rise just over the rate of inflation.0 -
lostinrates wrote: »I agree with this. But it would be good if the average people could afford to buy/rent a suitable home and invest in secure retirement saving. If this included methods that did not impact on the cost of the former cost for many (athough I make no numerical claim or assumption on that matter) it would be very good.
It's up to the individual to make this happen, not general society.0
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