The only problem with the housing market – houses cost too much

Jimmy_31

MrRee wrote: »

I agree with you 100%

But, please, tell me how we can get lower house prices ......

As long as the low numbers of houses available get sold there will be no reason to drop the prices ..... and that's why house prices cannot fall.

Quite a few houses around here are sat empty with for sale signs in the front garden.

Its quite easy to get lower house prices.

The government just has to form a building company.
Everybody who worked for the governments building company would be paid a fair wage for the part they played in building a new estate.

The government would then sell the houses at the same price it cost to build them, this would result in people getting a brand new house for under 50k quite easily.

I think the economy would also get a boost as the thousands of unemployed construction workers would now be in work earning a fair wage.

When these currently unemployed construction workers start working for the massive house building companys they wont be paid a fair wage. The economy will get less of a boost if these construction workers are only earning enough to pay the basic bills.

Bprudent

Cleaver wrote: »

It's funny watching both teams of the forum argue each side:

"It's high house prices that are the problem and stopping people buy, it's not down to any other factor!"

"Rubbish! House prices are completely affordable, it's mortgage shortgages that means people can't buy."

I know this isn't a popular thing to say, but it's clearly a mixture of both isn't it? In areas where I live oop north you can pretty much buy an average house with 3 times the average couple wage. In areas of the South East you've got no chance. So in some places it's price, in other areas it's mortgage availability and deposit requirements, but in most areas it's just both.

I agree with Cleaver here. It is indeed a mixture of both. The criteria to get a mortgage now is I would suggest tougher than it has been in several decades previously. The impact of that will continue to stifle the housing market as countless thousands of potential buyers have no chance of being in the market place.

In my opinion market forces will bring the whole thing back into balance over the next two years.

Hopefully with more buying and selling activity but in a way that prevents the a further boom in house prices.

MrRee_2

EchoLocation wrote: »

You really can't bring yourself to say it can you? Let's try it another way; forget buyers and sellers ...

WHAT!????

You really have lost the plot, the argument and the battle ..... "let's forget the buyers and sellers" .... are you for real???

Maybe you don't realise, but you cannot ignore buyers and sellers in a discussion about the buying and selling of anything!!

I'm sure you're just acting thick as no-one can possibly be as you are trying to appear.

MrRee_2

Jimmy_31 wrote: »

Its quite easy to get lower house prices.

And you still don't buy????

Yet you say you want to????

You told me that the dream house you want to buy is a terrace with an asking price of £30,000.

I would suggest, if it's how you state, that you buy it now for £15,000.

After all, at that price, it's got to be better than living in unbuilt shells of houses or with your mam?

Jimmy_31

MrRee wrote: »

WHAT!????

You really have lost the plot, the argument and the battle ..... "let's forget the buyers and sellers" .... are you for real???

Maybe you don't realise, but you cannot ignore buyers and sellers in a discussion about the buying and selling of anything!!

I'm sure you're just acting thick as no-one can possibly be as you are trying to appear.

I have been ignoring sellers for years.

Planning to stop ignoring them next year.

MrRee_2

Next Year is like tomorrow ..... it never comes Jimmy me lad .........................

Jimmy_31

MrRee wrote: »

And you still don't buy????

Yet you say you want to????

You told me that the dream house you want to buy is a terrace with an asking price of £30,000.

I would suggest, if it's how you state, that you buy it now for £15,000.

After all, at that price, it's got to be better than living in unbuilt shells of houses or with your mam?

You just had an argument with yourself.

ukcarper

Jimmy_31 wrote: »

House prices are to high compared to wages people earn.

If the banks started giving 100% mortgages tomorrow around here, i really dont think it would make much difference to the house prices in the area.

You cant buy much without a job never mind a house.

Why do you want people to hate you so much, what have you done that makes you feel you deserve to be hated ?.

And this comes from someone who is going to buy cash and tells us house prices are less than 4x minimum wage.

EchoLocation

MrRee wrote: »

WHAT!????

You really have lost the plot, the argument and the battle ..... "let's forget the buyers and sellers" .... are you for real???

Maybe you don't realise, but you cannot ignore buyers and sellers in a discussion about the buying and selling of anything!!

I'm sure you're just acting thick as no-one can possibly be as you are trying to appear.

:wall: :wall: :wall: :wall:

Well that's a somewhat ironic point to end your post with.

How can I possibly make it any clearer? You fail, deliberately, again and again to recognise the point I'm making. That we HAVEN'T had, and DON'T have, a free market driven purely by buyers and sellers - we have a very deliberately, OVER-INFLATED, PROPPED UP, MANIPULATED housing market. Stop ignoring this point and either concur or deny it, it's a very simple task. As is answering my other, as yet unanswered, question to you. By your own opinion, 'houses are selling, so they are at the levels they need to be at'. So by that logic, does it therefore follow that the houses that aren't selling, aren't at the levels they need to be?

Get-real-buy-real

Travelman wrote: »

Its a dangerous game waiting for higher prices what if higher interest rates come first and wages are still going down in real terms. Unemployment is still going up, also, could we see large numbers of repossessions?

This is why the government are going to such efforts to try and keep prices propped up. One way or another no matter what the government does price will come down.