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Debate House Prices


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Who should be able to buy?

HAMISH_MCTAVISH
HAMISH_MCTAVISH Posts: 28,592 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
in Debate House Prices & the Economy
House ownership is already at 70% or so.... Far higher than many countries in Europe.

How much further is likely, possible, or desirable?
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
«13456

Comments

  • abaxas
    abaxas Posts: 4,141 Forumite
    By definition people should be able to own houses that are suitable for breeding.

    Without that, our society is doomed, as who is going to help the old? Sadly the answer is no-one.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »

    How much further is likely

    None, if you get your way.
    possible

    30%
    or desirable?

    30% for people who want homes. None for people who want HPI to save them.
  • jim83
    jim83 Posts: 153 Forumite
    House ownership is not 70% - you only own a house when you've paid for it in full.

    I don't have figures in front of me, but I'd imagine that the majority have some sort of mortgage attached. A considerable number will actually own no part of the house they claim to.

    I do think real rates of ownership will decrease, but that can happen in two different ways - either house values increase, or the population's spending power decreases.
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    I do think real rates of ownership will decrease, but that can happen in two different ways - either house values increase, or the population's spending power decreases.

    Yep, agree with this.
    House ownership is not 70% - you only own a house when you've paid for it in full.

    As those on mortgage interest support will find out when their 2 years' grace runs out.
  • geri1965_2
    geri1965_2 Posts: 8,736 Forumite
    abaxas wrote: »
    By definition people should be able to own houses that are suitable for breeding.

    I didn't realise that houses were capable of breeding. That should solve the housing crisis.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    jim83 wrote: »
    I do think real rates of ownership will decrease, but that can happen in two different ways - either house values increase, or the population's spending power decreases.

    A third way (and more powerful than the two you mention in my opinion) would be a sea change in the general public's attitute towards home ownership, which is bordering on obsession for most. I see no evidence of this recent crash even putting a dent in the desire of most people to own their own home. Which is a bit of a shame in a strange way.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    abaxas wrote: »
    By definition people should be able to own houses that are suitable for breeding.

    Without that, our society is doomed, as who is going to help the old? Sadly the answer is no-one.
    If you breed more to help the old, you are creating a ponzi of over-population. This myth needs to be stopped now.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'd have been happy with a council house, but where I grew up I was on the list for 12 years and never got near... I asked them "how long" and they said "at least 20 years before we can get you a shared house".

    So I decided I'd have to buy one, somehow, some time...
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cleaver wrote: »
    I see no evidence of this recent crash even putting a dent in the desire of most people to own their own home.

    Desire is not unhealthy. The rules are changing rapidly. So the obsession will naturally fade. Only those with a vested interest wish prices to remain unsustainably high.
  • shakerbaby
    shakerbaby Posts: 413 Forumite
    HAMISH_MCTAVISH wrote: »
    House ownership is already at 70% or so.... Far higher than many countries in Europe.

    How much further is likely, possible, or desirable?

    Where you getting this figure from Hamish? :confused:
This discussion has been closed.
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