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Debate House Prices
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The property boom is well underway now.
Comments
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I think that there are plenty like me who wished that there was no HPI in the way that we have witnessed over the last decade.
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You frequently moan and whine about HPI not benefitting you, despite your house appreciating greatly, as you have to live in it. Without acknowledging that if you ever need to downsize it will have given you a very tidy nest egg indeed.
Seems to me you are wishing for those who bought in the last 5 years or so to not see the same gains you did.
When will you crashmonkeys realise that the ticket price of a house is almost meaningless to the actual costs of buying!!!!!!!
It is percentage of income spent on mortgage payments that really matters, and we are at near an all time low on that measure of affordability. As you allude to in your whine about 15% interest rates and no help, but you fail to make the connection to todays vastly better affordability.
This "think of the children" crap is getting tiring. The youth of today have it far better off than my generation did. Everything else is just noise.“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”0 -
Yea whatever Hamish.
I don`t moan or whine about it. I just see it for me, as, well, pointless as I don`t intend to downsize.
So the interest on less than 60k of mortgage hitting the £600+ mark a month nearly 20 years ago was easy for many?
Glad you are so confident that interest rates will remain at such a low level. I doubt it.
Admit it. The reason that IRs are were they are is because of the stupidity of the last 10 years. I fear you protest too much.0 -
But Hamish. If house prices rise faster than wages then less people can afford to buy them. The Blackbird parable illustrates this perfectly.HAMISH_MCTAVISH wrote: »This "think of the children" crap is getting tiring. The youth of today have it far better off than my generation did. Everything else is just noise.
Ma Blackbird has two eggs. Raises two chicks. These chicks grow fat on tasty bugs and stuff. Soon they need to leave the nest. But what's this? There are no nests available. The chicks grow bigger. Ma B tries pushing them out, but to where? Mr. B is no help, he left a while ago. Probably eaten by a cat.
And that Hamish is the lesson. A full nest, or eaten by a cat - it's your choice.0 -
But Hamish. If house prices rise faster than wages then less people can afford to buy them.
Which works out very well, as we don't have enough houses to go around anyway, and have no prospect of building enough.
Rationing through price. Something everyone on here will learn a lot about over the next 2 decades.The Blackbird parable illustrates this perfectly.
Ma Blackbird has two eggs. Raises two chicks. These chicks grow fat on tasty bugs and stuff. Soon they need to leave the nest. But what's this? There are no nests available. The chicks grow bigger. Ma B tries pushing them out, but to where? Mr. B is no help, he left a while ago. Probably eaten by a cat.
And that Hamish is the lesson. A full nest, or eaten by a cat - it's your choice.
Interesting, but you didn't finish it.
Ma Blackbird has two eggs. Raises two chicks. These chicks grow fat on tasty bugs and stuff. Soon they need to leave the nest. But what's this? There are no nests available. The chicks grow bigger. Ma B tries pushing them out, but to where? Mr. B is no help, he left a while ago. Probably eaten by a cat. So Ma B approaches Mr Weasel the nest agent. Mr Weasel, she says, my chicks can't find a place to live, what shall I do?
Well Mrs Blackbird, says the agent, luckily you have a nest in a very desirable tree, and I know of a dozen or so Blackbird families competing to buy such a nest. You obviously had great foresight buying such a nest when you were younger, and now that Mr B got eaten, it will provide for you in your old age. Why don't you sell it, and then move another 15 minutes flight down the forest to newtreeville, where you can buy a lovely little retirement nest for yourself, and one each for the chicks.
Which she did. And found a cheeky old Robin to while away her days with.
And the moral of the story is, any nest is better than no nest at all, and a full nest in the right place can buy you 2 or 3 empty nests somewhere else.
The only one that loses out is the cat that neglected to buy at all, as he was too busy eating blackbirds and wanted "the freedom that rent gives him", and now lives in an overcrowded cat sanctuary run by a crazy old bitter shrew named carol.“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”0 -
But Hamish. If house prices rise faster than wages then less people can afford to buy them. The Blackbird parable illustrates this perfectly.
Ma Blackbird has two eggs. Raises two chicks. These chicks grow fat on tasty bugs and stuff. Soon they need to leave the nest. But what's this? There are no nests available. The chicks grow bigger. Ma B tries pushing them out, but to where? Mr. B is no help, he left a while ago. Probably eaten by a cat.
And that Hamish is the lesson. A full nest, or eaten by a cat - it's your choice.
The truth blackbirds don’t live in nests so its all rubbish not unlike a lot of posts on here0 -
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Quote:
Originally Posted by ukcarper
The truth blackbirds don’t live in nests so its all rubbish not unlike a lot of posts on hereDidn`t know that.
They only use them to lay eggs and raise young once the young can fly they all fly off and leave the nest to rot maybe we should do the same.0 -
Graham_Devon wrote: »Should have said sparrows. Fatal mistake.
Do they live in nests?
Same as blackbirds0 -
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