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Debate House Prices
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Repo's to rise in 2011.
Comments
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Graham.
It's Christmas fella. Let's have some happy posts eh?We love Sarah O Grady0 -
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By definition every price rise above inflation will price more people out.
So in wishing for prices to rise you are wishing for more to be priced out, even if that isn't you main goal.
I disagree with your definition.
Price rises above inflation does not necessarily price peaople out, it would depend on their personal wage structure.
People could get better than inflation wage increases / promotion etc.
That said, the crux of your point is that house prices need to be maintained with inflation.
Halifax have a graph from Nationwide that show house prices have increased 2.9% Year on Year in real terms over the last 30 years.
What's the single, most effective way to curtail house prices rising and ensure that there is availability for all?
The answer is to build more properties to suit the increasing population which in recent years / decade has demonstrably failed to match:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »I disagree with your definition.
Price rises above inflation does not necessarily price peaople out, it would depend on their personal wage structure.
People could get better than inflation wage increases / promotion etc.
That said, the crux of your point is that house prices need to be maintained with inflation.
Halifax have a graph from Nationwide that show house prices have increased 2.9% Year on Year in real terms over the last 30 years.
What's the single, most effective way to curtail house prices rising and ensure that there is availability for all?
The answer is to build more properties to suit the increasing population which in recent years / decade has demonstrably failed to match
Or, you could sell your excess properties?0 -
Graham_Devon wrote: »Or, you could sell your excess properties?0
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Graham_Devon wrote: »Or, you could sell your excess properties?
Then who supplies the rental demand?
Rental properties as a proportion of toal housing stock is lower now than it was 20 years ago.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Remind me why there is high rental demand?0
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Graham_Devon wrote: »Or, you could sell your excess properties?
Or......
some people have been saying if you can't afford it don't buy (in your thread about repo's) so maybe you should not have bought if you could not afford the whole property.
Has you part ownership purchase priced out other FTBers who could have afforded the whole property?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Then who supplies the rental demand?
Rental properties as a proportion of toal housing stock is lower now than it was 20 years ago.0 -
IveSeenTheLight wrote: »Or......
some people have been saying if you can't afford it don't buy (in your thread about repo's) so maybe you should not have bought if you could not afford the whole property.
Has you part ownership purchase priced out other FTBers who could have afforded the whole property?
That's pretty high on the desperado scale.
No.0
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