Acadametrics: +0.6% MoM +3.7% YoY

Percy1983

the_flying_pig wrote: »

the maths of passing HPI to children are pretty straightforward.

imagine, in a HPI free world, you live in a £60k house without mortgage. your 2 kids also want to buy a £60k house. They each inherit £30k from you [half a house]. So they each need to borrow £30k to buy that house.

with 100% HPI their inheritance doubles to £60k each... but the price of the house they want to buy also doubles to £120k, meaning that they need to borrow £60k rather than only £30k.

if there are three kids then the situation's even more dismal [£20k inheritance/£40k debt becomes £40k inheritance/£80k debt] with 100% HPI.

where you're passing on fewer houses than there are children, HPI unambigously hurts the younger generation. and that's even before you start to consider that people only get their inheritance when well into middle age, etc.

This is exactly the point, we shouldn't need parents houses to afford our own houses.

The passing to children is the same problem as trading up, its 'great' to have all this free money, the problem is everything else has gone up by more than the free money you have just gained.

As you say without HPI, our children can afford similar to what we did, and those who inherit something can clear a chunk off there mortgage if they wish while those who get nothing will still be able to get on with life.

Shame the vision some have is to feed there personal greed and are either too short sighted or just don't care about the bigger consequences of there free money.

dryhat

Joeskeppi wrote: »

There's 3 people on this forum that have ever had a pop at Turnbull about his sister.

Naerlynew




dryhat (already confirmed as naerlynew)





And Dribley.




You're not clever enough for this sockpuppet shenanigans mate. You weren't clever enough for one account.

Or, it could be different posters just remembering turnbull bleating on HPC about having to live in his sister's bedroom because house prices were too high.

Hartlepool if I remember right.

ruggedtoast

This news is another stinging slap in the face for downtrodden young renters. Stressed to breaking point by extortionate rents, insecure jobs and precarious housing they know they have no possibility of enjoying the cosy trajectory of ever rising living standards of the boomers before them.

The question is, how long will they keep paying the bill so bankers and boomers can live in luxury?

How long will they be able to?

Dribley

MrRee wrote: »

Dribley - caught out, red handed and too thick to know any different!

Nice one Joeskeppi

When are we going to get that 8% VAT you predicted last year?:rotfl:

Dribley

Joeskeppi wrote: »

There's 3 people on this forum that have ever had a pop at Turnbull about his sister.

.

Do you live with your sister Joe?:D

chucknorris

Dribley wrote: »

Do you live with your sister Joe?:D

Have you ever posted helpful information for other posters or attempted to debate intelligently on this website? All I ever seem to see from you is jibes at other posters.

I admit everyone else (including me) also has their moments (as you would expect on an internet forum) but from what I can see all you ever do is bicker with other posters, are you really that unhappy with your life?

System

chucknorris wrote: »

are you really that unhappy with your life?

100% gaurenteed.