MSE News: Nationwide: house price rises easing

ruggedtoast

Somethings wrong. No one has been beastly to Graham for several pages.

Where is Graham!?

Really2

ruggedtoast wrote: »

Somethings wrong. No one has been beastly to Graham for several pages.

Where is Graham!?

Making stuff up on another thread (just had a look in and it was on of those, so I thought I would keep out.)

ukcarper

abaxas wrote: »

Maybe, but not at the time needed for having kids.

People cant afford them, unless they are chavs.

Can you explain why I have grandchildren then

ukcarper

adr0ck wrote: »

pension age for one

edit - i agree taking the mick was probably the wrong way to put it

younger generations will be poorer than their parents though

Life expectancy is going up

Standard of living a lot better than it was when I first got married

ukcarper

carolt wrote: »

What a load of bobbins.

I was born and worked in commuter belt in the early seventies, I had to move 20 miles further out and commute to be able to buy then

Graham_Devon

ruggedtoast wrote: »

Somethings wrong. No one has been beastly to Graham for several pages.

Where is Graham!?

Here. I was going to reply, but when I saw the stuff about teachers yet again, i switched off.

StevieJ

ukcarper wrote: »

Life expectancy is going up

Standard of living a lot better than it was when I first got married

Then again a lot of the young ones wouldn't dream of living in the conditions their parents grandparents were born in to
What no car:eek:

chucky

Graham_Devon wrote: »

Here. I was going to reply, but when I saw the stuff about teachers yet again, i switched off.

thank god for that!! :T

ukcarper

StevieJ wrote: »

Then again a lot of the young ones wouldn't dream of living in the conditions their parents grandparents were born in to
What no car:eek:

I know they wouldn’t want to live in the house I lived in for the first sixteen years of my life.

HAMISH_MCTAVISH

TDS wrote: »

Hi Hamish,

Can you just explain why 10% YoY increases are a good thing? I can't see which part of society benefit.

The few million people approaching retirement who may want to downsize and release equity benefit.

The 5 million people in or close to negative equity benefit.

Anyone looking for a remortgage with less than 40% equity benefits, as thats what you need to get the best rates.

Even those in a home for life with no mortgage benefit, as it gives them a bigger safety net if anything happens, or to leave to their children.

Investors with multiple homes benefit.

Pretty much all of the existing owner occupied homes benefit, either now or later when they downsize or leave it to the kids.

Large sections of the economy benefit..... The banks, the house builders, their hundreds of thousands of employees, and the services that their taxes pay for all benefit.


In fact, the only people that in theory do not benefit is a few hundred thousand potential FTB's..... Because the oft repeated bear meme that upsizers also benefit turned out not to be universally true in this particular crash, as FTB properties fell further than bigger ones.

So a few hundred thousand who don't benefit, versus tens of millions who do.

No choice at all in a democratic society as to which group will win out.

Politicians love HPI more than a fat kid loves cake.... And for good reason.