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Debate House Prices
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A generation are being priced in order to keep the value up of their parents assets.
Comments
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MacMickster wrote: »Really? I think that I read that once in the Beano.
Bitter much? Tasty those lemons meow0 -
The usual suspects on here blame bank lending in 2007.
But that year we built 185,000 homes, last year we built 109.000.
What do the bears want, more house building or strict lending criteria. They can't have both.
Just another reminder of the madness that is trying to fix a housing market by preventing millions of people from buying a house.“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: »Just another reminder of the madness that is trying to fix a housing market by preventing millions of people from buying a house.
When has anyone / economist / instutution ever stated that the current level of mortgage funding is trying to "fix" the market?0 -
MacMickster wrote: »Most homeowners really couldn't give a damn if the value of their home falls, because they bought it as a home (get the point yet?) and not as an investment. They will continue to live in it whatever its "value".
The reason that many want to see property prices fall is for the sake of their children and the economy in general.
I know that some will say they want to see property values increase so that they leave more to their children, but on average the "children" will be in their 50s or 60s before they inherit the family pile, and I would prefer my children to be able to buy rather earlier than that.
Glad to see there is others who can beyond there own greed.
Likewise I don't care much about house prices, my mortgage is less than rent, I am only at 90% LTV and it will be a pain if that gets reduced when it comes to the end of my 5 year fix buts it wouldn't be the end of the world.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
House price crash? Computer says no0
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moneyinmypocket wrote: »House price crash? Computer says no
It depends on the timescale for the said crash.
I would guess they will reduced in real terms for quite some time.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
House prices are most affordable they have been in ages - people spend more in rent than they would a morgage - it's just deposits that's the problem.0
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moneyinmypocket wrote: »House prices are most affordable they have been in ages - people spend more in rent than they would a morgage - it's just deposits that's the problem.
Or maybe its because rents are too high...Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Or maybe its because rents are too high...
Tut tut.
As a landlord I can categorically state that there is no such thing as rent which is "too high".
If an individual can't afford it then they should ask someone else to help pay it in some kind of mutually beneficial arrangement.
:rotfl:0 -
JonnyBravo wrote: »Tut tut.
As a landlord I can categorically state that there is no such thing as rent which is "too high".
If an individual can't afford it then they should ask someone else to help pay it in some kind of mutually beneficial arrangement.
:rotfl:
So rents should be higher than mortgage payments?Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120
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