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Debate House Prices
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Mortgage help will release a surge of pent up demand.....
Comments
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If it is not going to increase demand why are all the people you keep refering to worried about another boom.
Funny that.....
It's quite amazing how often some on here argue for preventing millions of people from buying houses just to keep prices a bit lower.“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: »Funny that.....
It's quite amazing how often some on here argue for preventing millions of people from buying houses just to keep prices a bit lower.
How does putting the price of something up make it more affordable?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Just another half baked Thatcherite idea from her spawn - she was The Mother of all State Sell offs - and the barrel is scraped to the wood now .0
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grizzly1911 wrote: »How does putting the price of something up make it more affordable?
How do you fix a housing shortage by rationing mortgages?“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 -
Reckon this could delay demand until next year. With that in mind, I'll downgrade my 2013 forecast of 6% growth to around 4%, with 2014 achieving 10-12% on the back of state supported mortgages becoming more common, expanded Funding for Lending, another bout of QE and low interest rate expectations becoming completely entrenched into investment decisions.
Wonder what the odds are on double digit Rightmove index for 2014?Hi, 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 -
HAMISH_MCTAVISH wrote: »How do you fix a housing shortage by rationing mortgages?
Build more houses and make them cheaper.0 -
HAMISH_MCTAVISH wrote: »How do you fix a housing shortage by rationing mortgages?
Encouraging and giving incentives for build to let? Social Housing? With the £5.4 billion they're throwing at the mortgage market, they could build 54,000 homes (assuming a unit price of £100,000).
With the funny money that's been thrown at asset purchases via Q.E, they could have built enough housing to keep up with demand for years to come, not to mention creating jobs and wealth for many, not just the few.0 -
HAMISH_MCTAVISH wrote: »Funny that.....
It's quite amazing how often some on here argue for preventing millions of people from buying houses just to keep prices a bit lower.
What people actually say, which you seemingly find impossible to compute, is that more people would be able to buy if prices were lower.
All you keep talking about is saddling people with ever increasing debts in order to buy a house.0 -
Graham_Devon wrote: »that more people would be able to buy if prices were lower.
But as the cause of high prices is the housing shortage, that's not going to happen.
Supply and demand Graham.
Your only chance of lower prices over the long term is for more houses to be built.
Which won't happen if mortgage rationing continues.
After all, builders won't build what they can't sell....“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: »But as the cause of high prices is the housing shortage, that's not going to happen.
Supply and demand Graham.
Your only chance of lower prices over the long term is for more houses to be built.
Which won't happen if mortgage rationing continues.
After all, builders won't build what they can't sell....
Do the words 'supply side reform' mean anything to you? You are very keen on the demand side but the extra supply you get as a side effect of demand side reform is only a second order effect, and might be very small...FACT.0
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