Priced out generation fights back

stueyhants

DaddyBear wrote: »

Care to share with us why you think future generations being priced out is funny.

As Hamish doesn't have any kids why should he care about pricing out the future generations, it won't impact him.

Not having kids is a perfectly valid life choice, but if you don't have that longer term stake in the future of society (through having your own kids) I would argue it makes you have a very short term view on life.

amcluesent

Never mind, if the socialists get back in then 'toffs' who are 'hoarding' empty bedrooms will have their detached houses reallocated to hard-working families and be given flats in council tower-blocks because that's a future fair for all.

Jonbvn

DaddyBear wrote: »

Care to share with us why you think future generations being priced out is funny.

1984ReturnsForReal wrote: »

I just feel sorry for those who will never get to settle.

Is renting a home illegal where you both live then?

Brits have to get over this OCD wrt owning property.

BTW, the Gruaniad article comes across as the usual socialist effort to try and manipulate the markets and possibly increase tax.

Doctor_Gloom

carolt wrote: »

the cause of their property woes: speculative investment by buy-to-let landlords. Not only do the speculators drive up property prices, according to the forums, this forces young adults to become their tenants and pay their mortgages.

"Give first-time buyers a fair chance – stop further tax breaks for buy-to-let investors" is the clarion call on Priced Out's opening web page. "The UK housing market is stacked against first-time buyers.

"The government currently gives huge tax breaks in favour of BTL investors, allowing them to write off their mortgage interest payments against income tax...

Some good points are made here. BTL landlords should be taxed properly so as to make this sort of socially undesirable speculation prohibitive.

MRSTITTLEMOUSE

Jonbvn wrote: »

Is renting a home illegal where you both live then?

Brits have to get over this OCD wrt owning property.

Could'nt agree more.
As for feeling sorry for those who'll never be able to settle,well considering the "for sale" boards that go up every couple of years in the 20-40 somethings age group.They always seem to be on the move,not content with one foot on the ladder but wanting to get to the top.
That's hardly settling.
Anyway you should do what we did,relocate up north.
Some fantastic houses at half the price down south.
Beautiful countryside and the people are great.

System

The website is a bit amateurishly worded, they are suggesting that every FTBer is priced out, despite the fact that FTBers are making purchases every month. Phrases like "no hope to join the housing ladder" and "impossible for First Time Buyers to compete in the UK housing market" are patently wrong, makes you wonder what else they haven 't got their facts straight about.

DaddyBear

stueyhants wrote: »

As Hamish doesn't have any kids why should he care about pricing out the future generations, it won't impact him.

Not having kids is a perfectly valid life choice, but if you don't have that longer term stake in the future of society (through having your own kids) I would argue it makes you have a very short term view on life.

I'm not critiscising his life choice, just his constant glee at the misfortune of others. Maybe he also deliberately walks past recycling bins to put paper in a standard bin.
I believe he has neices and nephews but his own self importance is obviously more important than their futures. What a lovely uncle.

carolt

Joeskeppi wrote: »

The website is a bit amateurishly worded, they are suggesting that every FTBer is priced out, despite the fact that FTBers are making purchases every month. Phrases like "no hope to join the housing ladder" and "impossible for First Time Buyers to compete in the UK housing market" are patently wrong, makes you wonder what else they haven 't got their facts straight about.

No - FTB levels are astonishingly low compared to traditional levels - what are the latest figures? One recent month had I think something like 11% of purchases by FTBs, versus the more normal ratio of c 50% in the 80s/90s.

Let us not forget that this impacts on EVERYONE - there is a reason that FTBs are called the 'lifeblood of the market'. No FTBs = no-one at the bottom of the chains.

IveSeenTheLight

Joeskeppi wrote: »

The website is a bit amateurishly worded, they are suggesting that every FTBer is priced out, despite the fact that FTBers are making purchases every month. Phrases like "no hope to join the housing ladder" and "impossible for First Time Buyers to compete in the UK housing market" are patently wrong, makes you wonder what else they haven 't got their facts straight about.

Sloppy jounalism and reflective that thhey believe their own little area is reflective throughout the UK.
Simple facts show as you have pointed out that FTBers are still in the market.

MatteH

IveSeenTheLight wrote: »

Simple facts show as you have pointed out that FTBers are still in the market.

Just nowhere near as many as usual.