Generation Whine

pinkteapot

abaxas wrote: »

So what you are saying, is that you have to rely on others to provide this need?

You are not allowed to be self sufficient?

Of course you are allowed to be. You have to have enough money to do it.

You referred to basic human needs. You are now talking about wants. That was all I was getting at.

Shelter is a human need. How it is provided, the form it takes... These are wants and therefore have a price which is determined by all the people trying to achieve them. Your argument is that the price is also determined by constrained supply. That's absolutely true, but that constraint is not rationing a basic human right.

abaxas

Generali wrote: »

Rents are set by the supply and demand for rented accommodation, house prices by the supply and demand for purchased housing. There will be some connection but it's too simplistic to say that people get a mortgage and slap a margin on top.

But the supply of rented accomodation is usually defined by the margin between the value of the accomodation and it's rent.

Ie people are running a business. They have to make money for it to be worthwile.

However, that is not to say that lots of rented is not run as a profit making business.

ILW

So where is this rationing then?

abaxas

pinkteapot wrote: »

Of course you are allowed to be. You have to have enough money to do it.

You referred to basic human needs. You are now talking about wants. That was all I was getting at.

Shelter is a human need. How it is provided, the form it takes... These are wants and therefore having a price which is determined by all the people trying to achieve them.

As you already know, shelter is not defined as a human right.

If we wish to have an argument over need/want. Maybe we should first start with the above? IE there is no right to shelter. Which by definition is rather sick.

Percy1983

The question I have is, people who are priced out have to rent. To which there is many boomers who own these houses they are renting.

Now if the BTL parasites hadn't bought up all the cheap house to rent out, would prices be as high and would those renters be priced out and forced to rent? if there wasn't some many needing to rent, would the parasites be buying up the houses?

Chicken & Egg arguement really.

ukcarper

Percy1983 wrote: »

The question I have is, people who are priced out have to rent. To which there is many boomers who own these houses they are renting.

Now if the BTL parasites hadn't bought up all the cheap house to rent out, would prices be as high and would those renters be priced out and forced to rent? if there wasn't some many needing to rent, would the parasites be buying up the houses?

Chicken & Egg arguement really.

What makes you think BTL parasites are boomers

Generali

abaxas wrote: »

But the supply of rented accomodation is usually defined by the margin between the value of the accomodation and it's rent.

I don't think that's right. Supply is normally the number of units of something willing and able to be sold at any given price. I think you're talking about profitability which is different.

abaxas wrote: »

Ie people are running a business. They have to make money for it to be worthwile.

However, that is not to say that lots of rented is not run as a profit making business.

This seems self-contradictory but I know what you mean I think.

For example I pay $400/week in rent on a place that cost my landlord almost a million dollars to buy. There is no chance whatsoever that by any reasonable definition of the word he is making a profit however he has other motives for holding this asset than merely making a turn between mortgage cost and rent.

FTBFun

Percy1983 wrote: »

The question I have is, people who are priced out have to rent. To which there is many boomers who own these houses they are renting.

Now if the BTL parasites hadn't bought up all the cheap house to rent out, would prices be as high and would those renters be priced out and forced to rent? if there wasn't some many needing to rent, would the parasites be buying up the houses?

Chicken & Egg arguement really.

There is nothing intrinsically wrong with owning investment property, as not everyone can afford to buy and people have to live somewhere.

I have no BTLs before you start.

abaxas

Generali wrote: »

We rely on others to supply most of our needs. Why would housing be any different? One of the benefits of living in a society is that we gain from specialising and doing what we are good at.

But that goes back to the free/manipulated market problem.

Most of out needs are provided via a free and highly competitive market.

Percy1983

ukcarper wrote: »

What makes you think BTL parasites are boomers

Because most of the 1980 onwards children can't afford a single property to raise a family in, never mind think about a second property.

Boomers, can cash in on there £100k house they have a £25k mortgage on.