What is wrong with wanting cheaper homes

Graham_Devon

wotsthat wrote: »

Because the same rules of supply and demand are in place. A transfer of people from owner occupation to rental doesn't change the number of housing units or the number of people that need housing.

So if I have this right, it's perfectly possible for house prices AND rental prices to increase at the same time.

But not possible for house prices and rental prices to decrease at the same time?

Interesting.

RenovationMan

Graham_Devon wrote: »

Within 15 miles of manchester city centre according to rightmove.

However, if thats not good enough, heres another 3....makes no difference to me.

House 1, £29k
http://www.rightmove.co.uk/property-for-sale/property-36671435.html

House 2, 35k
http://www.rightmove.co.uk/property-for-sale/property-21098022.html

House 3, 25k
http://www.rightmove.co.uk/property-for-sale/property-36504377.html

Total: 89k

There you go then, you just proved that there are cheap houses available, so why all the beef for all these years about outrageous house prices and how the young are being priced out. Next time you moan, I'll direct you to your own post.

Talk about giving someone enough rope to hang themselves! :rotfl:

Jimmy_31

RenovationMan wrote: »

But you're not looking around the Northwest, you said you were looking to buy on the outskirts of Manchester. I guess if 'outskirts' covers Darwen and other northern Lancashire mill towns then good luck with your morning commute! :rotfl:

My morning commute could be 50/60/70 miles in any direction so its pretty irrelevant.

I predict, come next year my morning commute will consist of me walking to the shop for a pint of milk

Jimmy_31

RenovationMan wrote: »

There you go then, you just proved that there are cheap houses available, so why all the beef for all these years about outrageous house prices and how the young are being priced out. Next time you moan, I'll direct you to your own post.

Talk about giving someone enough rope to hang themselves! :rotfl:

Probably because the job prospects around here are not very good.

The prospects of finding a mythical long term job are even worse so consequently you dont take a debt on.

I forgot to ask, do you realise that these 30k houses have not always been 30k.

Graham_Devon

RenovationMan wrote: »

There you go then, you just proved that there are cheap houses available, so why all the beef for all these years about outrageous house prices and how the young are being priced out. Next time you moan, I'll direct you to your own post.

Talk about giving someone enough rope to hang themselves! :rotfl:

Never denied these houses exist, infact I have referenced them many times, so feel free to direct me here next time you have trouble debating an issue.

Was simply suggesting you shouldn't mock Jimmy for what he said. it's completely true.

FTBFun

Graham_Devon wrote: »

So if I have this right, it's perfectly possible for house prices AND rental prices to increase at the same time.

But not possible for house prices and rental prices to decrease at the same time?

Interesting.

It would be possible for them both to decrease. But only if we had a surplus of housing overall (like Ireland and parts of the US like Detroit). Which the UK does not.

wotsthat

Graham_Devon wrote: »

So if I have this right, it's perfectly possible for house prices AND rental prices to increase at the same time.

But not possible for house prices and rental prices to decrease at the same time?

Interesting.

No you don't have it right.

Prices and rents can both increase.

Prices and rents can both decrease.

If the only factor considered is that tenants are given better security then there's likely a net no-change. Prices decrease as owners sell to move to rental and increase as the demand for more rental pulls in investors - net result no change - same number of people and same available housing. The laws of supply and demand remain intact.

Can you see that although Germans have more secure tenancies than the UK that there may be other factors at play leading to higher prices in the UK?

Coveredinbees!!!!

As long as my house doesn't drop below what I owe I'm happy.

Graham_Devon

wotsthat wrote: »

Can you see that although Germans have more secure tenancies than the UK that there may be other factors at play leading to higher prices in the UK?

Yes, which was my first point in reply to renoman.

wotsthat

Graham_Devon wrote: »

Yes, which was my first point in reply to renoman.

Originally Posted by Graham_Devon
Most people buy simply because of security. Being settled is one of the most important thing to all of us, especially those with a family.

Many renters in Europe have this security. However, it simply doesn't exist in the UK. If it did, I believe rental prices AND house prices would fall.

You seemed to be saying that you believe rents and prices would fall if renters in the UK were given more secure tenancies.

There's a reason rents and prices are higher in the UK compared to Germany - the security of tenure is a very minor, probably insignificant, factor when compared to supply vs demand.