Parents want a house price FALL to help their children get on the property ladder

Really2

ILW wrote: »

Why would that be?

Do I really need to answer that? or have you actually forgot the last 3 years.

We are currently living with why falling asset prices against debt causes massive economic problems.

Look at unemployment, our deficit, the banks the cuts all that is down to losses on debt.

ILW wrote: »

Also that 17% figure assumes all these people bought with no deposit and have paid off very little capital.

It was based on what you said.

ILW wrote: »

I would guess that the majority of people have a fair amount of equity in their homes. That is unless they bought between 3 and 6 years ago

ILW

Really2 wrote: »

Do I really need to answer that? or have you actually forgot the last 3 years.

We are currently living with why falling asset prices against debt causes massive economic problems.

Look at unemployment, our deficit, the banks the cuts all that is down to losses on debt.

True, but if over the longer term people could be weaned off of such high levels of debt (possibly through lower housing costs) many of these problems could be avoided in the future.

Really2

ILW wrote: »

True, but if over the longer term people could be weaned off of such high levels of debt (possibly through lower housing costs) many of these problems could be avoided in the future.

True, but in the mean time house building grinds to a halt. Without denying a few generations how do you do it?

ILW

Really2 wrote: »

True, but in the mean time house building grinds to a halt. Without denying a few generations how do you do it?

Off the top of my head:

High rate of capital gains tax on investment residential property (BTL) unless the investment was in new build for rental.

I believe that it costs around £90k to build a modest house (much less for flats) and much of the selling price is land costs. A high tax on undeveloped building land would get things moving and help bring down the cost of the land thereby reducing prices.

Sibley

I don't want house prices to drop. It would be a disaster for all the hard working people who have ploughed everything into their property.

Aberdeenangarse

Dribley wrote: »

I don't want house prices to drop. It would be a disaster for all the hard working people who have ploughed everything into their property.

You're not from Aberdeen, are you?

ILW

Sibley wrote: »

I don't want house prices to drop. It would be a disaster for all the hard working people who have ploughed everything into their property.

Not too good if you have a couple of kids that may want to leave home one day though. Finding you have to remortgage in your 50s so they can buy.

satchmeister

Really2 wrote: »

No I think some on here think it is more down to supply and demand.

I don;t think people buy houses at such prices if they thought there were enough to go round.

Housing is the same as any other market, and the market sets the price.

They are not artificially propped up, they are propped up by demand.

So the government paying 300,000 hard-working families mortgages has no effect on house prices and has not propped up the market?

satchmeister

Sibley wrote: »

I don't want house prices to drop. It would be a disaster for all the hard working people who have ploughed everything into their property.

But surely the government will not allow prices to fall. I'm surprised that they are allowing prices to 'ease' or 'soften'. I'm sure you will agree that 2007 prices should be the minimum that should be paid for a property and askeing prices should be much higher.

torontoboy45

HAMISH_MCTAVISH wrote: »

I see you left out the important details, as always.

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So presumably Two Thirds are hoping they rise.:cool:

as time rolls on you're making yourself look ever more ridiculous.
the article says nothing of the sort. you know that. we know that.

for Christ's sake man: stick to the facts, for once.

I swear you freelance for the mail/express/star.