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Debate House Prices
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Amazingly Niave Theory
Comments
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effective demand....the.ciscokid wrote: »No, not if the banks don't lend recklessly, and people don't borrow recklessly, causing the economy to implode. The only reason prices increased is because of lax credit control. Banks shouldn't have been encouraged, and they should have been allowed to fail. A hard lesson, but one that needs to be learned.
let google be your friend and find out what it means...0 -
Property prices could remain static, the property ladder would still exist.
Of course, otherwise how will the mortgage brokers, surveyors, solicitors and estates agencies make their commissions?
Oh, and the government don't want to lose all that lovely stamp duty.
Not to mention the BBC might have to change it's programming schedule...
Way too many VIs to see any sense any time soon, I agree.0 -
the.ciscokid wrote: »
Oh, and the government don't want to lose all that lovely stamp duty.
They will just move the goal posts as they always do when they need to win votes or increase revenue errr tax0 -
Certainly more than I believe that the property market is akin to a lovely happy ferris wheel where everyone gets equal opportunity and enjoyment. Unless Hamish ommitted to mention the ferris wheel is lubricated with oil created by grinding down the bodies of the post-1980 generation.
House prices doubled between 1987 and 1990 as did interest rates from 7.5% to 15% it wasn't all Eldorado
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
effective demand....
let google be your friend and find out what it means...
Stop being obtuse, make an argument, and try to support it. Please explain how, if finance does not exist to support it (as it should not have if we were to have avoided the current ongoing crisis), house prices will continue to outstrip wage inflation.0 -
who's obtuse??? me???the.ciscokid wrote: »Stop being obtuse, make an argument, and try to support it. Please explain how, if finance does not exist to support it (as it should not have if we were to have avoided the current ongoing crisis), house prices will continue to outstrip wage inflation.
it's you who doesn't know how to use Google or even understand demand where it is the desire of someone to pay for something combined with the ability to pay and also the willingness to pay at a point in time.
it really is quite simple.0 -
Certainly more than I believe that the property market is akin to a lovely happy ferris wheel where everyone gets equal opportunity and enjoyment. Unless Hamish ommitted to mention the ferris wheel is lubricated with oil created by grinding down the bodies of the post-1980 generation.
I never said everyone gets equal opportunity and enjoyment.
I said that all property wealth is ultimately redistributed to the following generations. Always has been, always will be.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
the.ciscokid wrote: »Please explain how, if finance does not exist to support it, house prices will continue to outstrip wage inflation.
As population increases, and we fail to build enough houses, then the only possible outcome is more people per house.
More people per house = more income per house. Whether that income is through wages or benefits is of no relevance, on average, 3 people living in a house will result in a higher household income than 1 person living in a house.
Supporting higher rents, and thus higher return on investment, and ultimately attracting more capital seeking a return.
Rents have been soaring all year, and are now at record high levels. The process is already happening. You just refuse to see it.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »As population increases, and we fail to build enough houses, then the only possible outcome is more people per house.
More people per house = more income per house. Whether that income is through wages or benefits is of no relevance, on average, 3 people living in a house will result in a higher household income than 1 person living in a house.
Supporting higher rents, and thus higher return on investment, and ultimately attracting more capital seeking a return.
Rents have been soaring all year, and are now at record high levels. The process is already happening. You just refuse to see it.
Ah, so turning places into slums will make houses more profitable, I see thats clear now, thanks. This utopian future sounds like the sort of place that is going to have a great economy, and thus more income for people to blow on smaller and smaller dwellings.0
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