It's beyond doubt house prices will NEVER crash

IveSeenTheLight

Reaper wrote: »

Funny you should ask that but only yesterday the Sunday Times run an article called "Pump Up The Illusion - The Myth of Rising Fuel Costs" on the average cost of petrol over the decades. As cars have got better MPG the cost of filling up your car has actually fallen sharply as a percentage of household income.

For example you would have spent 13.16% of your income driving a 2 litre Ford Cortina around in 1973, compared to just 8.1% in 2008 on Ford Mondeo 2.0 Zetec. 2013 cars are even better (but I skipped their example as it was only a 1.6 litre so not a fair comparison).

Are you saying that because technology has made something more efficient that you should pass on said savings to the government?

What if you use the fuel on other engines (mowers, generators etc)?
What if you still run the 1973 Ford Cortina?

EvilJaz

Well no.

If everyone could only have one home. There would be no homes to rent?

haha

IveSeenTheLight

eviekins wrote: »

Plenty of opportunities, but just not the opportunity to own their own home then...
Fantastic!! Best of luck to your children and grandchildren. With family spouting views like that they're going to need it.

One of the reasons why I have invested in property is to hedge against HPI for my children and possibly will do so for my grand children should I ever be blessed.

I am a realist and can see the fundamentals affecting property prices and the understanding the property ownership is not a right, but a privaledge / luxury.

IveSeenTheLight

EvilJaz wrote: »

Well no.

If everyone could only have one home. There would be no homes to rent?

haha

Interesting concept. Utopian I suspect.
I wonder if you could point to a Utopian society that we can take lessons from?

Anyhow, How would you feel about paying stamp duty every time you move?
What about contractors that may need to move every 6 months?

armour

ruggedtoast wrote: »

My son is 4 this year and I am starting to feel seriously pessimistic that he will have any chance of buying his own place in 20 or so years time. I had previously assumed that all this nonsense would be over by the time he is an adult.

Hopefully the pendulum will start to swing in the other direction but when you look at all the props the government are putting in place to stop new building and condense demand I wonder.

Why not take action now to make sure your son has a home of his own in the future by jumping on the BTL bandwaggon?

HAMISH_MCTAVISH

EvilJaz wrote: »

So what did Hamish?

Because i have an open mind and am willing to listen.

This pretty much covers it....

http://forums.moneysavingexpert.com/showpost.php?p=45890671&postcount=13

EvilJaz

Well it would crash the property market. So that house values are more achievable for the generation that has been left to deal with the mess the older generation have created.

There obviously would have to be some fundamental changes to issues such as stamp duty (which to an extent would be offset by lower house prices).

For contractors i am unsure. Could allow an allowance of properties which can be owned by businesses that could be rented out to the contractors on a need to basis?

Percy1983

IveSeenTheLight wrote: »

What if you still run the 1973 Ford Cortina?

... buy a new car which is more efficient and pay for it with the money you save on petrol?

armour wrote: »

Why not take action now to make sure your son has a home of his own in the future by jumping on the BTL bandwaggon?

The problem is that answer to to problem actually makes the problem worse.

I suppose the problem is greed and selfishness, those with those attributes really can't make sense of those of us who don't.

EvilJaz

HAMISH yah i read it and actually attended a lecture on it. Still from it i took away that the 'credit crunch' was caused by mortgages being given to people who were too risky.

These mortgages were the trigger point that caused the credit crunch. You pretty much said it in your post?

Percy1983

HAMISH_MCTAVISH wrote: »

This pretty much covers it....

http://forums.moneysavingexpert.com/showpost.php?p=45890671&postcount=13

So nothing to do with the fact that the economy was based on people spending mroe than they earned by cashing in on HPI they did nothing to earn... then the taps got turned off and the free money stopped...