If it's all about supply and demand.....

lostinrates

I put a request for a sticky in the forum that I think deals with requests/complaints. I am sure it will attract the standard negative feedback, but some positive feedback might help my little cause. http://forums.moneysavingexpert.com/showthread.html?p=31843295#post31843295

chucky

Generali wrote: »

That makes sense if you believe in the financing argument - house prices shouldn't have fallen as interest rates fell despite a fall in incomes. Interest rates being slashed will more than compensate overall for falling incomes.

my views been that the falls in 2008 were just a correction the lack of finance issue made worse.

the real affordability issue where not enough buyers can drive the effective demand is still to come. it won't be visible for a number of years however IMO.

ukcarper

nembot wrote: »

Couldn't to tell the truth, apart from and I say this in the nicest way, some people are easily lead by good salesmen and women. When you have the goverment shouting from the treetops that everything is "A OK" and "We are a BOOMING nation" everyone wants a slice. The truth is, the economy was being subsidised by the goverment and EU to such an extent, the lenders got greedy and people took greater risks. The government did nothing was done to stop the "feel good feeling" and to be honest, if you were they - would you?

Technically the economy without the incentives should of slowed down around 2000/2001, it's only natural to expect the current powers that be, use this as ammunition in their quest for extended reign. With strong growth, everyone was happy... good times an all that.

But, the statement that prices go up forever wasn't entirely true, or guaranteed in the short term. When the nation becomes obessed though, these caveats are often overlooked and the massive investment, which was not going to last forever, stayed conveniently in the background adding to the illusion that the good times will last forever.

Admittedly, in the long term prices do rise almost inline with inflation. But what I see in my eyes, is an artifically inflated market that's gone on so long people have become complacent, maybe even foolish to assume that the current prices are realistic and the market will function, against all logic and external factors.

As a father, it's important my children can own a place of their own. I know it's only a culture thing, as many of my friends from the continent tell me how different it is over there. You can almost rent a property indefinitely, unlike the UK were it's touch and go for many tenants.

But I think the majority here are locals, should we say and we are ingrained from birth that owning a place if your own, is the right thing. This is now unattainable for so many and I lay blame entirely at the governments door, for lack of regulation.

I know some people would like and i'd even said "need" in the past, which is a little unfair as I don't wish hardship on anyone and can't argue that rising prices are a bad thing. But you know, not silly prices because... they're just a bit silly.

So yeah, I really don't know whether prices are too high or why it would be different from town to town. I think they are, but that doesn't mean I'm right.

Bit of a waffle eh, whoops


No tin hats plz

Sure was a waffle but surely if what you say is right it would apply to both towns. The only thing I can see that makes a difference is that more people want to live in the nicer town so therefore demand is higher.