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Debate House Prices


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Rents Rising due to supply shortage....

2

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 3 March 2010 at 1:29PM
    Ron2256 wrote: »
    THE good news is also that petrol price, food prices and everything else is rising.
    I love all the price rise, it makes me feel all warm inside.
    It's getting more expensive to live everyday and I am loving it.
    I am looking forward to pay £2 for a loaf of bread. Brilliant. :j
    that's life, get over it. it's called inflation.

    food inflation is on it's way down by the way
  • abaxas
    abaxas Posts: 4,141 Forumite
    Gorgeous_George wrote: »
    One reluctant landlord sells. Rental stock reduces by one. Number of potential tenants reduces by one. No change to supply/demand ratio.

    Builders stop building houses. Population continues to rise. Supply/demand ratio changes.

    It ain't rocking horse science.

    GG

    Tesco shelf stacker puts tin on beans on shelf. Punter takes beans off shelf, then goes to till and pays for it.

    Supply/demand ratio changes.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 3 March 2010 at 1:28PM
    abaxas wrote: »
    Tesco shelf stacker puts tin on beans on shelf. Punter takes beans off shelf, then goes to till and pays for it.

    Supply/demand ratio changes.
    you eat the beans (not the can), you can't eat the house.

    the house remains there

    people can stop eating beans but people have to live somewhere
  • Charterhouse
    Charterhouse Posts: 296 Forumite
    I wanted to mock this, especially its comedy partisan angle, but then I recalled that my brother's flat, which had a £390 a week offer fall through just after Christmas, has just had a £430/wk offer. Very strange. I suspect last year's rental yields were as low as we may ever see though, so they are recovering from a VERY low base.
  • Ron2256
    Ron2256 Posts: 180 Forumite
    chucky wrote: »
    that's life, get over it. it's called inflation.

    food inflation is on it's way down by the way

    It's all good news though.
    Taxes are going to rise as well. That's another good news surely.
    I love price rises.:j
    More bearish than bullish at the moment
  • abaxas
    abaxas Posts: 4,141 Forumite
    chucky wrote: »
    you eat the beans (not the can), you can't eat the house.

    the house remains there

    people can stop eating beans but people have to live somewhere

    I think you'll find that lots of houses get demolished and others built.
  • drc
    drc Posts: 2,057 Forumite
    Ron2256 wrote: »
    It's all good news though.
    Taxes are going to rise as well. That's another good news surely.
    I love price rises.:j

    A rise in wages so that people can afford to pay for these rent and property rises would be good news.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    I think you'll find that lots of houses get demolished and others built.
    have house builders started building again?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    have house builders started building again?

    Apparently so, and according to Hamish, are doing very well.

    http://forums.moneysavingexpert.com/showthread.html?t=2312347
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    Graham_Devon wrote: »
    What sort of article starts with "the good news is" with nothing before it, and no reference to bad news.



    Absolutely. How are rising rent costs good news, unless you are a landlord. So it's clear who this article is aimed at.
    It still makes me laugh how rising rents and house prices are seen as good. Have you ever seen an article containing the phrase:

    Good news, the cost of food/petrol/gas rose 1.2% this month? I don't think so.
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