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Debate House Prices
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Rich-Poor Divide Widening
Comments
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Graham_Devon wrote: »Surely it does allow you, as you get older, to have a better lifestyle.
If you are forever renting, your housing payments will always be taking out a big proportion of your income.
With buying, at least that proportion, in general, over time will go down (if you don't keep chasing bigger and better of course), allowing for a better lifestyle.
Which is exactly what the rich / poor divide is all about.
If the poor are forced to pay more for the same things in life as they are priced out of being able to do anything better, they will always be paying more.
I know plenty of poor people who own property, and plenty on rich who dont.
It's the enforced 'saving' by buying a house that helps in this situation, not the house itself. Also factor in opportunity (or miss opportunity) costs of the money held in your house, hence it's not as simple as it looks.
Being 'rich' is about what you do with the situations you find yourself in and how you plan and deal with thing, not buying a house. Eg any STR in 2001 (not me) who invested in gold or the 'market' would be laughing at the housing bulls right now. I know I am :beer:
* this is not a gold buying thread. I own no gold and will never do.0 -
and there are many that think this on here...
Too right....i might sound arrogant or even high and mighty (i don't care if you think that btw
)but to be able to fit into the above or be part of the above you can't do it overnight. it's a progressive process that comes in stages all linked to the foundations you've laid through your life experiences
I agree with you (:eek:)
& don't think that is either arrogant or high & mighty.
However the foundations from which you're growing will play a big factor - bigger than most other factors I'd argue.
You plant a seed in useless soil, or stoney ground, you won't get a good plant.
You plant a seed in the finest quality compost, with excellent food & growing conditions, you'll have the finest quality [STRIKE]ganga going[/STRIKE] i mean produce
It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
You only live once. With that statement in mind, I couldn't care less about the housing market. If you do pay it off before you are pushing up daises, who cares? The only good thing about it is to guarantee your stay in that house (as long as you keep paying the mortgage, along with the interest with it) and possibly leave it to your children, if any. You also have that debt chain around your neck until it's paid off.
Me? no thanks.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
All this thanks to Blair's 'cool Britannia'. Let the rich get richer and the rest of us wallow in misery. Thanks Tony! :mad: That man should be strung up.
Speak for yourself. I'm not rich, but I'm quite happy thanks.
No wonder you're 'wallowing in misery' though if you equate material wealth to happiness. You have my pity.
"I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
Harry_Powell wrote: »Speak for yourself. I'm not rich, but I'm quite happy thanks.
No wonder you're 'wallowing in misery' though if you equate material wealth to happiness. You have my pity.
Well, I'm no long haired hippy, I live in the real world. And I don't need your pity.0 -
Well, I'm no long haired hippy, I live in the real world. And I don't need your pity.
Define 'the real world'.
All opinions are mere chemical reactions in the brain. Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Well, I'm no long haired hippy, I live in the real world. And I don't need your pity.
Neither am I. So do I. You have it anyway, whether you like it or not. "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
Well, I'm no long haired hippy, I live in the real world. And I don't need your pity.
You work in the public sector. And you work in IT.
In many respects, that's a perfect storm of NOT living in the real world.
In Australia, they made a famous sitcom based on public sector IT workers. It was called Glide Time.0 -
Vaporate,
Here's something you'll appreciate
Mortgage: In the word mortgage, the mort- is from the Latin word mori (via old french mort) for death and -gage is from the sense of that word meaning a pledge to forfeit something of value if a debt is not repaid. So mortgage is literally a death pledge.0 -
what does that have to do with the Public Sector or even Public Sector pensions?donaldtramp wrote: »Vaporate,
Here's something you'll appreciate
0
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