Darling admits house prices are too high

Mr.Brown_4

Kronkston wrote: »

Ty, 100% male.

C'mon, no ones 100%. Have you never felt like a walk on the wild side?

Kronkston_2

PrivatisetheNHSnow wrote: »

Good - they need a lesson. You should only get rich by hard work, not property speculation.

Would be have been a world power if Isambard Kingdom Brunel had made his name in BTL?

What will you do with the empty houses? Demolish them? Many people whose jobs depend on them being in those houses, would be made out of work thus creating a vicious circle ending with everybbody crammed into buckingham palace.

PrivatisetheNHSnow

Kronkston wrote: »

Many people whose jobs depend on them being in those houses

What do you mean people with jobs - i was talking about people on benefits. I'm just asking people to stand on their own two feet...

Demolish the houses and plant trees and save the planet.

When we were a great country we didn't have a huge benefits system - do you see the connection?

wymondham

Wow - All the posts in this thread going on about people buying at the height and needing someone to blame!!

It's life I'm afraid. Nobody is forced to buy a house, they do it of their own free will. There is plenty of good rentable housing out there for the taking. People who buy houses are adults and hence take full responsibility for their actions. Blaming anyone else if things don't go the right way is crazy.

Before anyone asks I have been through all the phases of home ownership, including negative equity etc, but it was nobodys fault, just the way the cookie crumbles. Grow up people please!!!

PrivatisetheNHSnow

wymondham wrote: »

full responsibility for their actions.

you're forgetting labour are in power....

wymondham

PrivatisetheNHSnow wrote: »

you're forgetting labour are in power....

.. that does not change the fact. I'm no fan of labour (or others), but I don't recall any party forcing people to buy overpriced houses?

PrivatisetheNHSnow

yeah but labour are doing everything to prop up the housing market - if they let things take there natural course house prices would have crashed

wymondham

PrivatisetheNHSnow wrote: »

yeah but labour are doing everything to prop up the housing market - if they let things take there natural course house prices would have crashed

True ...... but people still buy even when they know this. When it crashes (and it will) it will be labours fault, not theirs for buying at well known inflated prices?

PrivatisetheNHSnow

I suppose not, but the government should have stopped the house price bubble before it got so big

i don't think you could expect most people to recognise what an asset price bubble looks like between 2000-2009 and hold off buying a house - most of them were just looking for a place to live.

wymondham

PrivatisetheNHSnow wrote: »

I suppose not, but the government should have stopped the house price bubble before it got so big

i don't think you could expect most people to recognise what an asset price bubble looks like between 2000-2009 and hold off buying a house - most of them were just looking for a place to live.

It's fairly obvious that the government were happy for prices to rise so everyone 'feels' richer. It was not in their interest to stop the bubble as they benefited from it - I think they were praying it would carry on indefinately!

Anyone buying needs to do their homework - the information is not difficult to find that shows how things are, and likely to go. People expect to buy these days, rather than renting - when you buy you take a risk, thats the problem...