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Debate House Prices
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Why house prices are such an emotive issue....
Comments
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A bit, but I can not agree that increasing unemployment is the only way that wages will decrease, or that decreasing wages are the only way that rents can reduce.
I think you are just making things up and stating as fact.0 -
HAMISH_MCTAVISH wrote: »You still haven't answered why you think making us all poorer is a good thing.
Nor have you addressed the point that only higher unemployment over the long term will bring down wages, not cheaper house prices.
So I'm left with no choice but to assume you really don't understand what you're talking about, but are just repeating some story you heard as to why crashing house prices might be a good thing.
We will end up broke if we can't compete economically on a global scale. This isn't hard to understand for anyone I am sure.
And we don't need higher unemployment to bring down house prices. I've already mentioned a few ways the government and banks can take steps to bring down house prices. Go back and re-read my posting again!
Look at this from a different point of view. If we can't compete economically on a global scale any more because everything is so expensive due to our high property prices, then corporations and businesses will go elsewhere. A good example at the moment is America because it is heaps cheaper to deal with than the expensive UK.
If this happens, we are scr*wed.0 -
A bit,
It shows.but I can not agree that increasing unemployment is the only way that wages will decrease, or that decreasing wages are the only way that rents can reduce.
The topic at hand really had almost nothing to do with rents.
We were discussing why a decrease in housing costs would not, in and of itself, cause a decrease in wages.
Do try to keep up at the back...“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”0 -
We will end up broke if we can't compete economically on a global scale. This isn't hard to understand for anyone I am sure.
We will end up broke if we try to compete with lower wage economies at producing mass market tat....
And the things we should be excelling in don't require low wages.
Simple enough for most people to understand, I'm sure.And we don't need higher unemployment to bring down house prices. I've already mentioned a few ways the government and banks can take steps to bring down house prices. Go back and re-read my posting again!
No, you said that lower house prices would make us more competitive.
That's of course complete nonsense.
Only lower wages can do that.... And you've yet to explain why lower house prices directly cause lower wages.“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”0 -
HAMISH_MCTAVISH wrote: »We will end up broke if we try to compete with lower wage economies at producing mass market tat....
And the things we should be excelling in don't require low wages.
Simple enough for most people to understand, I'm sure.
No, you said that lower house prices would make us more competitive.
That's of course complete nonsense.
Only lower wages can do that.... And you've yet to explain why lower house prices directly cause lower wages.
I've never said that lower house prices directly cause lower wages...
What I said in regard to lowering house prices was:
"Why can't the government 'invest' in building more housing, stop our tax money subsidising ftb mortgages and taxing people who own more than one property? These actions alone will create jobs whilst lowering house prices overall.
Then there is also the thought of the amount of people who would no longer need tax credits to keep a roof over their head because their wages aren't high enough to pay for it.
And our housing benefit bill will go down too.
And we will be able to compete on a global economical scale. If we can't do this last point, we are scr*wed anyway!"
I hope you read it this time
Btw, we are now competing in a global world and this means all countries are either moving up or moving down economically to compete - whether you like it not.
Personally, I think it will make for a better world for more people 0 -
I've never said that lower house prices directly cause lower wages...
You associated lower house prices with an increase in competitiveness twice in this thread.
But lower house prices don't make us more competitive, only lower wages can do that.
So how do lower house prices cause lower wages?“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”0 -
compete with folks in other countries where wages and properties are much, much lower than ours, we will then be scr*wed.
America with their cheaper housing is already in a much better position than us.!how can we compete economically with say, America if their housing and all costs associated with it, is much lower than ours?.
I've highlighted your quotes there.
How does cheaper houses make you more competitive internationally without lower wages?
And if it's lower wages that make you more competitive, how do cheaper house prices cause lower wages?“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”0 -
HAMISH_MCTAVISH wrote: »I've highlighted your quotes there.
How does cheaper houses make you more competitive internationally without lower wages?
And if it's lower wages that make you more competitive, how do cheaper house prices cause lower wages?
Property prices effects everything.
It effects how much money gets sucked into paying your mortgage or rent versus money being spent elsewhere in the economy.
It effects the prices of factories and offices which are then relayed onto the customer.
It effects the amount of our tax money that needs to be spent on tax credits to house people on low wages who can no longer afford to keep a roof over their heads alone.
It effects how much of our tax money needs to be paid on housing benefit.
And so on.
Less money on property will mean more money circulating around the economy and it will make our goods and services cheaper.
Hence we will be economically more competitive.0 -
Property prices effects everything.
.
:rotfl:
Nice swerve there.....
So you're now backing away from your earlier assertion that ....
"need to compete with folks in other countries where wages and properties are much, much lower than ours, we will then be scr*wed.
America with their cheaper housing is already in a much better position than us.!"
So you first assert that we need lower wages (and property prices).
Now you just want lower property prices.
Which is it?“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”0 -
Did you really need to spend half an hour writing a post analysing why house prices are an emotive issue? It's not rocket science. Houses coat quite a lot of money, and buying one is the biggest financial decision of most people's lives.0
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