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Debate House Prices
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affordability ..the real figures...
geoffky
Posts: 6,835 Forumite
This blows the fools view that we still had affordability levels that were low even at the hight of the market out of the water..hamish take note.
http://viableopposition.blogspot.com/2011/02/demographia-international-housing.html
http://viableopposition.blogspot.com/2011/02/demographia-international-housing.html
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Comments
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Fools, you say......
You'd have to be pretty foolish to not know that Demographia, the publisher of the "affordability survey" is owned and funded by contractors and road builders and campaigns for land to be converted to residential.
The biggest VI out there....
Their central conclusion is that house prices rose because of lack of housebuilding. Surprised to see you promoting that line geoffky.
“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 -
It's refreshing to see some places, albeit in America and Canada, are considered affordable.0
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It's refreshing to see some places, albeit in America and Canada, are considered affordable.
Yes..... But most people wouldn't want to live there.
Which is why they're considered "affordable".
“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 -
From the Demographia report.The Inevitable Price Increases: House prices have skyrocketed principally because of more restrictive land use regulations that have virtually prohibited new house construction on or beyond the urban fringe.“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 -
And the UK section:United Kingdom: Housing in the United Kingdom remains severely unaffordable, which is consistent with its long history of more restrictive national land use policies.
The Organization for Economic Co-operation and Development has recommended that the United Kingdom reassess its land use policies to free the supply constraints that have driven up housing prices.
Weird, not a single mention of "irresponsible lending"......“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 -
Blimey Hamish, this ones set you off. 4 posts out of a total of 6.
Who is it you are trying to convince here?0 -
HAMISH_MCTAVISH wrote: »Yes..... But most people wouldn't want to live there.
Which is why they're considered "affordable".
They're considered affordable based upon monetary affordability, not how many people want to live there, which neglects factors such as citizenship.0 -
Graham_Devon wrote: »Blimey Hamish, this ones set you off. 4 posts out of a total of 6.
Who is it you are trying to convince here?
Honestly, you're like a dog with a bone.0 -
I suspect the comment someone has made about demographics of the cheaper American cities probably has some truth in it, and points towards those areas being less desirable to those with the money to pay for better places.0
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They're considered affordable based upon monetary affordability, not how many people want to live there, which neglects factors such as citizenship.
And given affordability is set primarily by the balance between supply and demand, as the study so very often points out, then the number of people who want to live there is a bit on the important side.“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
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