What is wrong with wanting cheaper homes

yertiz_2

HAMISH_MCTAVISH wrote: »

Then what difference would it make?

http://www.moneyweek.com/personal-finance/tax/the-land-value-tax-54816



Why?

What would be your reasoning then?

DervProf

RenovationMan wrote: »

A house is something that most people/families require, but you don't have to own it.

Agreed, I didn't suggest that you have to own it.

Cheaper houses = more money to spend on other things. Doesn't matter if you rent, are buying, have bought, or just live with someone who is doing one of those things, the more people are paying for property, the more the banks, builders, estate agents and speculators make.

LilacPixie

I think everybody,be it a buyer or a seller want to feel thay have secured a decent dealand there is nothing wrong with that but I must admit the moan I hear alot is I can't afford to buy when really its I can't afford to buy what I want. A friend of my husbands is employed, low pay unskilled 2 kids, partner a stay at home mum who does nails in the evening. He complains they cannot buy anything other than a 2 bed excouncil terrace in a council estate but they want a 3 bed semi in a private estate. I don 't think that a family who earn below the working tax credit threshold should be able to buy a 'average family home'.

Graham_Devon

LilacPixie wrote: »

I don 't think that a family who earn below the working tax credit threshold should be able to buy a 'average family home'.

This is what interests me.

Why do you feel they shouldn't be able to buy something?

They work. They presumably do their best with what they can. I can't really see the reasons as to why they shouldn't be able to buy something they feel that suits them.

Obviously if the price is too high, and they don't have the money, simply put, they can't. But saying they should'nt be able to is something quite different.

moneyinmypocket

Welcome to life - Money = opportunity, little money can't be picky

homelessskilledworker

moneyinmypocket wrote: »

Welcome to life - Money = opportunity, little money can't be picky

And you will find that out next year:rotfl:

Jimmy_31

homelessskilledworker wrote: »

And you will find that out next year:rotfl:

The money ran out round here a while back:)

RenovationMan

DervProf wrote: »

Agreed, I didn't suggest that you have to own it.

Cheaper houses = more money to spend on other things. Doesn't matter if you rent, are buying, have bought, or just live with someone who is doing one of those things, the more people are paying for property, the more the banks, builders, estate agents and speculators make.

Plenty of cheap housing around, Graham just proved it. £30k for a house is 3x salary for someone earning £10k a year. That mortgage multiple is not excessive. The problem seems to be that people don't want to climb the housing ladder any more and see a FTB starter home as a 3 bed semi in a nice area. That's fine if that's what they aspire to but then they can't really moan about the cost of it when it's their own decision.

RenovationMan

Graham_Devon wrote: »

This is what interests me.

Why do you feel they shouldn't be able to buy something?

They work. They presumably do their best with what they can. I can't really see the reasons as to why they shouldn't be able to buy something they feel that suits them.

Obviously if the price is too high, and they don't have the money, simply put, they can't. But saying they should'nt be able to is something quite different.

No more than what others have said on this forum with all the talk about liar loans, etc. Pre-credit crunch there were legions (according to these same people) of lower paid workers mortgaging themselves to the hilt in order to buy a house. Now that more sensible lending practices have come it the same people are now wringing their hands and saying "Oh! Saying that a lower paid person shouldn't be allowed to buy a house they clearly can't afford is terrible! Will no one think of the children?"

Some people seem to want their cake and eat it. The introduction of stricter lending criteria yet houses for all. Hmnnn, don't they see the contradiction in terms?

homelessskilledworker

RenovationMan wrote: »

Plenty of cheap housing around, Graham just proved it. £30k for a house is 3x salary for someone earning £10k a year. That mortgage multiple is not excessive. The problem seems to be that people don't want to climb the housing ladder any more and see a FTB starter home as a 3 bed semi in a nice area. That's fine if that's what they aspire to but then they can't really moan about the cost of it when it's their own decision.

Housing Ladder!!

Are you serious, I know of people who got onto the bottom of the "housing ladder" back in 2004/05 who if anything have now gone down another rung. They are nearly approaching a decade and still stuck where they are and worse.