Britain Can't Afford Falling House Prices

drc

HAMISH_MCTAVISH wrote: »

There are no "priced out" generations.

There are plenty of people prevented from owning by mortgage rationing though....;)

It depends what you mean by 'priced out'. I am sure there are many young people who aren't priced out in the sense that they could theoretically "afford" to get a 50-100 year mortgage, if they worked until they were in their 80s and spent all their income servicing a mortgage . Sounds fantastic and very progressive :eek:.

Yakubu22

HAMISH_MCTAVISH wrote: »

There are no "priced out" generations.

There are plenty of people prevented from owning by mortgage rationing though....;)

balls.....

the_flying_pig

HAMISH_MCTAVISH wrote: »

There are no "priced out" generations.

There are plenty of people prevented from owning by mortgage rationing though....;)

Is that 'winking face' as in:

I know I've just posted something very foolish & repetitive, but I very much doubt that anyone with half a brain will rise to such a miserable bait so I can probably get away with it?

or something else?

DervProf

HAMISH_MCTAVISH wrote: »

Absolutely.

What's that, house prices increasing?

Trebles all around!!!

Now where's my monacle.....

At least one person likes your attitude.

Pity it's Sibley.

Graham_Devon

FTBFun wrote: »

Partly. Or has no-one else in their late 20's bought recently?

So thats your basis?

Some people in their 20's have bought, therefore that generation on a whole isn't priced out?

DervProf

chucky wrote: »

every generation has 'priced out' generations.
every generation has people that miss the proverbial boat - yes.
every generation has people that screw themselves up financially that prevents them being able to buy has a single person on £19K per year "screwed up financially" ?

it's up to each individual to do something about it not blame everyone else instead of themselves. If and when petrol/diesel reaches £1.50 per litre, should people not blame the oil companies/government, but do something about it ? Yeah, I''ll show 'em, I'll stop driving my car. And i'll stop buying anything that goes up in price due to fuel price increases.

chucky says "stop complaining and just pay up".

FTBFun

Graham_Devon wrote: »

So thats your basis?

Some people in their 20's have bought, therefore that generation on a whole isn't priced out?

There's as much genuine basis there as in stating the "priced out generations".

Percy1983

My point is that the further prices go up the more of each generation are priced out, eg more of my generation are priced out than the generation before me (You could call that a fact).

Likewise if prices keep going up more of the generation below me will be priced out than where in my generation.

Keep going like we have in a few generations we will 10% of the people owning 100% of the housing. Yes great for the 10%, not too good for the other 90%.

FantomX

HAMISH_MCTAVISH wrote: »

http://www.thisislondon.co.uk/standard/article-23911059-london-cant-afford-falling-house-prices.do

Excellent article.

Absolutely spot on.

Mctavish, you're clearly rattled!

FTBFun

Percy1983 wrote: »

My point is that the further prices go up the more of each generation are priced out, eg more of my generation are priced out than the generation before me (You could call that a fact).

Some evidence of this would be nice.