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Debate House Prices
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Plans to free up 25 million unused bedrooms
Comments
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IveSeenTheLight wrote: »Certainly it would appear that the last 30 - 40 years has been an anomoly in terms of who can afford property and what type of property they could afford.
Are times reverting back to when as a society, the majority are not home owners?..... Possibly.
The only real way to drive down prices is to create sufficient supply to ensure that everyone's wants are available.
Problem is that this would also likely push to expectations up for the next generation
This is the problem, I don't believe there is ultimately going to be any major crash in house prices or a return to levels that were more affordable to the masses.
Why? Because of the greed of human nature. The fact that house prices did reach what they did at the peak, people who already had a property at this stage now think 'well my house was worth this in 2007, so I'm not going to sell it for much less than that.' And some don't have a choice anyway if they bought during these times because they are probably mortgaged to the hilt.0 -
Absolutely disagree
Absolutely agree
Anyone who thinks that the current generation has it better than the previous 2/3 generations is either in denial or stupid.
You disagree.
You think that life in the 1900's, 10's, 20's, 30's, 40's etc was easier than now.
Possibly you don't understand the hardships they went through compared to todays generation.
I wonder who is in denial:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
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shortchanged wrote: »This is the problem, I don't believe there is ultimately going to be any major crash in house prices or a return to levels that were more affordable to the masses.
Why? Because of the greed of human nature. The fact that house prices did reach what they did at the peak, people who already had a property at this stage now think 'well my house was worth this in 2007, so I'm not going to sell it for much less than that.' And some don't have a choice anyway if they bought during these times because they are probably mortgaged to the hilt.
Is it greed or protectionism? Certainly why should they sell if they don;t need to and they are at risk of having negative equity.
this simply reduces supply, which in turn meas that there are less options for would be buyers.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Is it greed or protectionism? Certainly why should they sell if they don;t need to and they are at risk of having negative equity.
this simply reduces supply, which in turn meas that there are less options for would be buyers.
Most certainly both.
Of couse why should they sell if they don't have to. But also don't whinge when your house has been on the market for 6 months+ and has had very few or no viewings. Or buyers are putting in low offers.0 -
JonnyBravo wrote: »A soundbite.
Old people hate change at the best of times and the thought they might be tempted to downsize due to stamp duty exemption is frankly absurd and laughable as mentioned by MacMickster.
My olds have already told me they're leaving their house in a box..... thats probably another 20-30 years of having a house too big for them according to some. Well tough. I reckon I'll be doing something similar.
Commentary I the news I heard suggested a property value tax (as used in the good old USofA) would encourage people of 60 + to downsize.
We all know how good the Americans are with residential real estate modelling.
The question is downsize to what? Moving them down would only increase demand/price for something that just isn't being created.
As other posters have said their is some capacity but it is in the wrong places."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I have to ask, if there are 25 million spare bedrooms in this country, why are peoples' garages so full of cr*p that they have to keep their cars on the street? Seriously, does the government think bedrooms just sit there, carpeted and with light and heat but with sod all in them? Mad.
I know plenty of older couples that sleep in separate rooms because of health conditions, for a better night's sleep. I know plenty more that have spare bedrooms so that they can have their grandkids stay over for a few nights to give their parents respite, or the opportunity to go out. That's three bedrooms accounted for and they don't want to downsize. Sure some will, but 25 million rooms freed up, go sleep there government and then dream on...Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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IveSeenTheLight wrote: »You disagree.
You think that life in the 1900's, 10's, 20's, 30's, 40's etc was easier than now.
Possibly you don't understand the hardships they went through compared to todays generation.
I wonder who is in denial
Who said anything about the 1900's? If you want it in simple language, from 1950 onwards.0 -
shortchanged wrote: »Most certainly both.
Of couse why should they sell if they don't have to. But also don't whinge when your house has been on the market for 6 months+ and has had very few or no viewings. Or buyers are putting in low offers.
I've not seen many reports from whinging sellers, or indeed buyers.
Whingers seem to be primarily those that do not fulfill the demand category (desire AND ability)
Property owners that fail to sell have a few basic options: -- Leave it on the market in the hope that the right offer will be made.
- Resolve some of the issues that may be affecting the sale.
- Take it off the market
- Reduce the price
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Who said anything about the 1900's? If you want it in simple language, from 1950 onwards.
I said it.IveSeenTheLight wrote: »Certainly it would appear that the last 30 - 40 years has been an anomoly in terms of who can afford property and what type of property they could afford.
Are times reverting back to when as a society, the majority are not home owners?..... Possibly.
The only real way to drive down prices is to create sufficient supply to ensure that everyone's wants are available.
Problem is that this would also likely push to expectations up for the next generation
You also claimed the last two to three generations, which would make it grand / great grand parents, someof whom would go back beyond the 20th cetury.Absolutely Anyone who thinks that the current generation has it better than the previous 2/3 generations is either in denial or stupid.
If the last few decades are the anomoly in terms of house ownership, could it be that there is a revert to the long term housing demographic.
Certainly I would not in my right mind think that 2 or 3 generations ago had it easier than I have.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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