Tesco Belmont Road

drew2k9

tara747 wrote: »

Out of interest, why do (some) people think that rising food/oil/clothes prices are a BAD thing, but rising property prices are a GOOD thing??? I've never understood it. What is your view?

People who own the houses would like to see the value of the property they own go up to make sure they never enter negative equity, sure it is bad for those trying to buy, but goof for those wishing to sell.

also we all NEED Clothes, food and oil based products, so we need to spend the money on them regardless of how highly inflated their value becomes, so the less we have to spend on the necessaties the better, find one person who can live without any of those and i shall applaud you.

gillykms

I suppose there will be both positive & negative impacts from it. Only time will tell. I'm assuming some sort of feasibility study would have been carried out beforehand and would be keen to see it. I bought my house 15 months ago and it was certainly never mentioned which would make me think that it wasn't necessarily seen as a positive by the estate agents. Luckily it is down the road from me slightly so at least it won't block my sunshine!


To answer your question I would like to see the value of my home rise for the same reasons Drew has given below.

By the way sorry to whomever started this thread as I'm not talking about the Belmont Tesco but someone else diverted the topic first!

tara747

drew2k9 wrote: »

People who own the houses would like to see the value of the property they own go up to make sure they never enter negative equity, sure it is bad for those trying to buy, but goof for those wishing to sell.

also we all NEED Clothes, food and oil based products, so we need to spend the money on them regardless of how highly inflated their value becomes, so the less we have to spend on the necessaties the better, find one person who can live without any of those and i shall applaud you.

People also need a roof over their heads, therefore they need to pay a mortgage or rent. Rising house prices = higher mortgages for new entrants to the market, and usually higher rents. Housing costs are, for most people, the largest expense they have. So why do people think that a rise in these costs is a good thing? Is it only a good thing when it happens to other people?