We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Sanity About House Prices
GeorgeHowell
Posts: 2,739 Forumite
There may be some merit and interest in discussing the likely trend in UK house prices. But all the emotive stuff is ridiculous. On the one hand some posters whinge about the fact that the market is broadly speaking flat, whilst others bemoan the fact that prices are too high for many to get on the ladder.
GROUP A - PEOPLE WHO WANT HOUSE PRICES TO GO UP
1. Buy-to-let landlords
2. Those in negative equity/mortgage trap
3. Those planning to stay put and capitalise on property appreciation at some later, unspecified date, or leave a nice bequest.
4. Estate agents
5. Solicitors
6. Mortgage lenders
7. Property developers
GROUP B - PEOPLE WHO WANT HOUSE PRICES TO GO DOWN
1. Those who can't get on the housing ladder/their families who sympathise
2. Those hoping or needing to move upmarket
GROUP C - PEOPLE WHO DON'T KNOW THEIR **** FROM THEIR ELBOW
1. Those who have no rational reason to benefit from house prices going up, but irrationally feel somehow better off if they think their house is worth more than it used to be.
Feel free to suggest more categories if I've forgotten any.
Perhaps we could save the tedium of all the emotive stuff by people just simply posting their category each time the subject comes up -- which is at least once every day as far as I can see.
GROUP A - PEOPLE WHO WANT HOUSE PRICES TO GO UP
1. Buy-to-let landlords
2. Those in negative equity/mortgage trap
3. Those planning to stay put and capitalise on property appreciation at some later, unspecified date, or leave a nice bequest.
4. Estate agents
5. Solicitors
6. Mortgage lenders
7. Property developers
GROUP B - PEOPLE WHO WANT HOUSE PRICES TO GO DOWN
1. Those who can't get on the housing ladder/their families who sympathise
2. Those hoping or needing to move upmarket
GROUP C - PEOPLE WHO DON'T KNOW THEIR **** FROM THEIR ELBOW
1. Those who have no rational reason to benefit from house prices going up, but irrationally feel somehow better off if they think their house is worth more than it used to be.
Feel free to suggest more categories if I've forgotten any.
Perhaps we could save the tedium of all the emotive stuff by people just simply posting their category each time the subject comes up -- which is at least once every day as far as I can see.
No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher
0
Comments
-
You can add politicians to group AHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
-
0
-
People that want prices to fall so their kids can afford to buy could be added to group B. Maybe you add them to Group A too as they might be able to capitalise on their own equity to help their kids.
What about people wanting prices to rise so that they can leave a larger sum to their heirs? I'd say they belonged to Group A but the scale proposed might put them in Group C as it's implied that there's something irrational about understanding that increased net worth = increased wealth.0 -
Turnbull2000 wrote: »You can add politicians to group A
Leaving aside any personal circumstances of their own, politicians are really C1s. They appreciate the vote-winning potential of appealing to the pillocks who think that because the house they live in is worth on paper £2,500 more than a year ago, they can go and splash out that amount on another holiday.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
Based on this forum:
GROUP A
1. BTL Landlords
2. Second home owners
3. People who dived in in 2005/6/7 as wanabee profit takers either as a quick buck or choosing instead of a pension etc. (can put these in the troll category too).
GROUP B
1. FTBs
2. People who would like to move sometime and can see the realistic view, i.e. the cost of change is smaller
3. People with kids who want to spend more on life experiences than mortgages and fear for their kids in the future.
Group C would be neither of the above, regardless of their view, though generally less aggressive.
Usernames can quite easily be listed alongside the categories.0 -
Graham_Devon wrote: »
Usernames can quite easily be listed alongside the categories.
Go on then.
That would be interesting for any newcomers like myself.0 -
What category you fit in doesn't necessarily influence what you think, sure I'm a buy to let landlord, yes that means I want prices to go up. But what I want has no effect on the market or how I think the market will actually move. For the record I think prices will stagnate nominally (fall in real terms) for about 3-4 years, then slowly pick up.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
-
-
Graham_Devon wrote: »I'll let someone else who can be bothered with the flack. It's the reason I didn't do it, but would be very easy.
He'll know soon enough anyway.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »He'll know soon enough anyway.
Probably already does!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards