Boris Exposes Tory Thinking on House Prices

DaddyBear

HAMISH_MCTAVISH wrote: »

http://www.telegraph.co.uk/comment/columnists/borisjohnson/8070153/The-Coalition-must-tackle-the-shortage-of-new-homes.html

Interesting article.

Points out what many of us have been saying for some time now.

Sure does. Houses are overpriced.

Degenerate

dopester wrote: »

Free markets can go to hell if it means we have to give up any of our x3 gains in house prices over the last 10 years.

It's free markets that produced those gains

FTBs suffer in silence you pathetic scum, or borrow your heads off for the priviledge of being among the dirty home-owning elite who want markets cheated to protect us against loss.

Markets follow fundamentals, regardless of anyone's personal interest. When demand exceeds supply causing prices to rise, the fundamentals work against new entrants to the market. That's not "cheating", it's how free markets work.

PasturesNew

FTBFun wrote: »

Bit expensive for a 3 bed. I used to rent in a 3 bed in West Hampstead roughly 3/4 years ago and the total rent was less than that.

Methinks you are making this up.

Cheapest on RM right now is £1550. http://www.rightmove.co.uk/property-to-rent/West-Hampstead.html?sortByPriceDescending=false&minBedrooms=3

Kohoutek

Rainmaker_uk wrote: »

For the last 50 years house prices have doubled every 7-10 years.

There is no reason to believe this will not continue.

When population growth stops, presumably it will.

The value of an average house in the UK over the next 50 years, assuming 7% average annual growth (i.e. doubling every 10 years)

2010: £167,423
2020: £329,346.38
2030: £647,874.18
2040: £1,274,466.58
2050: £2,507,068.65
2060: £4,931,783.51
......
2110: £145,275,670.38
2260: £3,713,295,753,675.65
2510: £82,357,653,095,844,710,000.00

ultrawomble

FTBFun wrote: »

Bit expensive for a 3 bed. I used to rent in a 3 bed in East Kilburn roughly 3/4 years ago and the total rent was less than that.

Corrected for you

nearlynew

That is why it is so vital – as soon as the Comprehensive Spending Review is announced – that we stop droning on about cuts, and start talking about the reasons for these cuts. They are not about shrinking the state. They are about growth, growth, growth – creating the conditions for a sustained economic recovery, and an economic recovery is a function above all of confidence.

Growth is also a function of available resources.

Calling for "growth, growth, growth" without recognising this, is as economically inept as you can get and I would expect better of the mayor of london.

(ignoring the obvious fact that he a puppet of the bank)

Kohoutek

nearlynew wrote: »

Growth is also a function of available resources.

No if you're a member of the flat earth society or follow conventional economic thinking.

robin_banks

wymondham wrote: »

it's our country, surely ultimately we (the govt) have the ultimate say??

EU law dear boy.

nearlynew

Kohoutek wrote: »

No if you're a member of the flat earth society or follow conventional economic thinking.

That's what happens when you let others do your thinking for you, as McTittish clearly does.

Talking about ever-increasing poulations is as ridiculous as talking about ever-increasing house prices and displays an ignorance of basic arithmetic.

Graham_Devon

It's not really any surprise is it. A propoerty "have" saying don't let prices fall so the"have not's" can get a chance.

I like Boris, I like him a lot, no other politician makes me smirk like he does. Don't really care what comes out of his mouth, he's one of my fav politicians just because he can make me smirk. It's no surprise to hear this from someone who has done well from property thankyou very much, though, is it?