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Debate House Prices


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High house prices are a risk to the economy, UK warned

2

Comments

  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I agree Graham. There are a lot of jobs to be had if they focus on building a lot more properties. The EU commission has basically said build more houses and force house prices down or else you are ruined. It can go down catastrophically on its own or they can (try) push them down in a controlled manner.
  • DervProf
    DervProf Posts: 4,035 Forumite
    MrRee wrote: »
    If they work hard and save up they can move out of that sub-standard housing ................. simples.

    And if everyone, or more people take your advice, then people will have to save up more, or work even more to move out of sub-standard housing.................simples ?
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    AndyGuil wrote: »
    I agree Graham. There are a lot of jobs to be had if they focus on building a lot more properties. The EU commission has basically said build more houses and force house prices down or else you are ruined. It can go down catastrophically on its own or they can (try) push them down in a controlled manner.

    That seems to be exactly what they are stating.

    Unfortunately, they have not a shred of credence left. They only thing they seem to be capable of is raising a sigh from the masses and anger from the rest.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    House prices won't be falling anywhere, anytime soon ..... if ever.
    Bringing Happiness where there is Gloom!
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    DervProf wrote: »
    And if everyone, or more people take your advice, then people will have to save up more, or work even more to move out of sub-standard housing.................simples ?

    Yes, simples ......

    That is how it has always been - nowt has changed in essence.

    My generation struggled, the following generation struggled, as did the one before mine.
    Bringing Happiness where there is Gloom!
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    MrRee wrote: »
    House prices won't be falling anywhere, anytime soon ..... if ever.

    Down 1% yoy (real terms is more of course). 0.3% down month on month. Continuing the fall.
  • DervProf
    DervProf Posts: 4,035 Forumite
    MrRee wrote: »
    Yes, simples ......

    That is how it has always been - nowt has changed in essence.

    My generation struggled, the following generation struggled, as did the one before mine.

    My folks struggled, and have ended up in a house that I could never afford to buy as a FTBer, unless I were a "professional". My father was fixing lawn mowers and doing gardening. My mother worked in a shop part time. Yes, they struggled, but managed to buy a "better" place than my partner and I bought as a first home. Relatively, my partner and I had a better income than my parents (not much, but I'd say we had ~30% more money coming in, and I had a decent deposit saved).

    The level of "struggle" seems to be getting higher. Or should I say that the bar is getting higher ?
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Most misleading 'Daily Fail' title ever?

    The entire article is about this....
    Illiterate school leavers and workless households are causing long-term damage to the British economy, a hard-hitting report warned yesterday.

    Poor educational standards and a benefits culture in the UK pose one of the biggest threats to the recovery in the UK, according to the European Commission.

    House prices only get a mention in a bullet point of "other issues".
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Link please Hamish.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
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