Rents up again.....

HAMISH_MCTAVISH

geneer wrote: »

the old Supply vs Demand argument

Ad yet here we are with a shortage of housing and house prices around 10% below peak, whilst Ireland has a surplus of housing and house prices close to 50% below peak.

Despite both countries having super-low rates, bailouts, help for homeowners, etc.

Seems that old argument had merit after all.....;)

Pimperne1

geneer wrote: »

Who mentioned you pumper?

But lets be clear.
Are you claiming that the old Supply vs Demand argument wasn't used prior to 2007?

Not at all. What I am saying is that I didn't actually say that.

Anyway, 2007 to 2011, how many houses have been built since then and by how much has the UK population increased? There must be at least a million more people and there are only three new houses (round my way anyway).

Procrastinator333

Pimperne1 wrote: »

What direction do you see house prices going from here as a matter of interest (its just that the major bears who have jumped ship recently have provided "I know prices are still going to fall quite a bit but I managed to get a good price so that is factored in").

I don't think I have ever really been a bear or a bull. The only way prices crash is through forced sales. I dontthink we will see wither the interest rates or unemployment required for that to happen. But they are expensive. IMO the boe is of the same opinion and will look for more inflation to erode the value of debt. Next 3 years, another 20-25% in real terms. Nominal will be flat or more likely small falls.

But, in such a Market, the gain of small falls by waiting is outpaced by the cheap interest rates once you hit the magic 20% mark on the deposit. And besides, even if that is all tripe, we want to start a family now, so want our own place.

Unless our mortggw is rejected, and then I will very much be a bear.

Pimperne1

Procrastinator333 wrote: »

I don't think I have ever really been a bear or a bull. The only way prices crash is through forced sales. I dontthink we will see wither the interest rates or unemployment required for that to happen. But they are expensive. IMO the boe is of the same opinion and will look for more inflation to erode the value of debt. Next 3 years, another 20-25% in real terms. Nominal will be flat or more likely small falls.

But, in such a Market, the gain of small falls by waiting is outpaced by the cheap interest rates once you hit the magic 20% mark on the deposit. And besides, even if that is all tripe, we want to start a family now, so want our own place.

Unless our mortggw is rejected, and then I will very much be a bear.

Good luck.

Generali

geneer wrote: »

Are you claiming that the old Supply vs Demand argument wasn't used prior to 2007?

Alfred Marshall formally described supply and demand in the C19th.

They are the only things that can be used to discover a price in a free market.

ruggedtoast

Great, rents are up again and more hard working priced out families are squeezed by the landlord classes. And McTavish gloats again. What a piece of work.

Cleaver

ruggedtoast wrote: »

Great, rents are up again and more hard working priced out families are squeezed by the landlord classes.

Don't forget that lots of other people get squeezed too. These groups / individuals include:

• lazy families
• moderately hard working families
• familes where some members are hard working and others are not
• hard working individuals
• hard working couples
• lazy couples
• lazy individuals
• moderately hard working individuals
• couples where one is very hard working and the other is lazy
• moderately hard working couples
• couples where one is moderately hard working and the other is very hard working
• couples where one is lazy and the other is moderately hard working
• couples where one is hard working and the other isn't working
• individuals are are currently not working but if they were working they would be working hard
• individuals who currently not working but if they were they would just be putting in a moderate level of hard work
• couples who work hard, but are really looking for jobs where they can get away with working at just a moderate level
• individuals who work slightly less than the average level because their boss is a bit slack
• hard working families, aside from one member who actually just surfs the net a lot

So, yeah, all of these people who rent are being sqeezed too.

ruggedtoast

Cleaver wrote: »

Don't forget that lots of other people get squeezed too. These groups / individuals include:

• lazy families
• moderately hard working families
• familes where some members are hard working and others are not
• hard working individuals
• hard working couples
• lazy couples
• lazy individuals
• moderately hard working individuals
• couples where one is very hard working and the other is lazy
• moderately hard working couples
• couples where one is moderately hard working and the other is very hard working
• couples where one is lazy and the other is moderately hard working
• couples where one is hard working and the other isn't working
• individuals are are currently not working but if they were working they would be working hard
• individuals who currently not working but if they were they would just be putting in a moderate level of hard work
• couples who work hard, but are really looking for jobs where they can get away with working at just a moderate level
• individuals who work slightly less than the average level because their boss is a bit slack
• hard working families, aside from one member who actually just surfs the net a lot

So, yeah, all of these people who rent are being sqeezed too.

Thats quite a post. I am impressed by the stylistic integrity of neither using caps or punctuation at the end of the bullet points.

Cleaver

ruggedtoast wrote: »

Thats quite a post. I am impressed by the stylistic integrity of neither using caps or punctuation at the end of the bullet points.

• thanks

.....

doire_2

Average up by a whopping 0.4% and based on a survey by 3,000 letting agents. Wow

As for mortgage availability improving Hmaish...it improves a great deal if you can prove to the bank you are reliable and show them you have a good deposit. 100% are gone and wont be back for a very long time. Get used to it