Why house prices are certain to fall

macaque_2

Prosperity and high house prices depend on wealth creation and that comes from hard work and brains. When Labour came to power their mantra was 'education education education'. If I was a school leaver today, I would feel very cheated, especially if I was smart and had worked hard.

http://www.telegraph.co.uk/education/secondaryeducation/8943954/Exam-chief-you-dont-have-to-teach-a-lot-for-our-tests.html

musemad

I think he is saying there is no easy way to wealth you can be thick and wealthy - born with a silver spoon in your mouth , it does not make you specialy over brainy, you just have more time, cause you dont have to bother working and can choose to spend your time either taking drugs , having wild promiscuous sex or possably bury yourself in a book

dtsazza

Grandstands_Frank wrote: »

So, house prices are going to FALL because people are THICK?

Assuming that you're not thick, that would be a reasonable conclusion in fact (insofar as you're going to earn relatively more than the "5 passes at GCSE" brigade - the upper decile of earners will ceteris paribus inhabit the upper decile of houses, once price balance out in the long run).

chewmylegoff

People being thick is what causes prices to increase, as they think the price will only ever go up etc etc. Haven't you heard about the "sheeple"?

drc

What he is saying is that we need innovators and entrepreneurs in this country and the UK education system now and for the past 13 odd years has not promoted this. Rather it has promoted a more socialist ethos of "we are all equal" and shunned competition (because if one child does better than another, the first child might feel bad and that isn't on in a socialist utopia, we must all be equal).

Exams have been dumbed down so children can get an A* from silly subjects and easy exam papers which have no real validity in the real world where UK children will in the future have to compete with children from China and the emerging countries who have a desire to learn, aren't ashamed of being brainy and learning isn't seen as uncool.

What's more, those children who don't do well in school, don't want to study and fancy skiving off everyday don't have to feel bad as they will be mollycoddled by the state and excuse after excuse will be lavished on them for their failing (just read the contemptuous apologia in The Guardian for the rioters - apparently it's all everyone else's fault).

Flight2quality

Housing is now in a bear market but I do not see what it has to do with people being thick or clever. These cycles have repeated through the ages nothing new. We will reach the bottom then the next bull market for houses will repeat just like every other time.

They should teach monetary history and wealth cycles in school, but that is not what the government want. They want workers and soldiers who do not think too much for themselves.

Flight2quality

Housing is now in a bear market but I do not see what it has to do with people being thick or clever. These cycles have repeated through the ages nothing new. We will reach the bottom then the next bull market for houses will repeat just like every other time.

They should teach monetary history and wealth cycles in school, but that is not what the government want. They want workers and soldiers who do not think too much for themselves.

paulmapp8306

i wager most soldiers do more thinking for themselves than the average UK citizen. Not least because currently if they dont, they may well end up dead.