A "full-scale property boom will begin in 2014"

Jack_Johnson_the_acorn

anotheruser wrote: »

And how will a housing boom help those who can't get on the house ladder? Assuming I am correct in my interpretation of boom?

Perhaps it is just me, those who own their homes seem to be a little selfish and expect their house to be worth more than when they paid for it.
Prices go up and down, the majority go down and stay that way.

Then again, the "boom" could just be a building boom, which would be more descriptive.

Hahahahahaha don't let emotion get in the way of your judgement....;)

Please show me evidence that house values" the majority go down and stay that way"

I think over a 25year mortgage less than 1% of houses go down and stay down":rotfl:
:rotfl:

dryhat

When people start talking about "the next cycle" you know they are debt-junkies craving their next fix.

Our economy is screwed. Big time screwed. And no amount of cheap debt and speculation is going to fix that.

Rising GDP due to more lending and higher house prices which leads to more GDP and more lending is not an economy. It's a joke.

Graham_Devon

dryhat wrote: »

When people start talking about "the next cycle" you know they are debt-junkies craving their next fix.

Our economy is screwed. Big time screwed. And no amount of cheap debt and speculation is going to fix that.

Rising GDP due to more lending and higher house prices which leads to more GDP and more lending is not an economy. It's a joke.

And a joke on the taxpayer in this case too.

chucky

wotsthat wrote: »

You want to consider the effects of market distorting stimulus but want to ignore a) the reasons why it was introduced and b) the market distorting effects of the credit crunch.

It's the cake and eat it argument.

Exactly right.

anotheruser

Jack_Johnson_the_acorn wrote: »

Please show me evidence that house values" the majority go down and stay that way"

Read again. No where did I state house prices... :P

CLAPTON

dryhat wrote: »

When people start talking about "the next cycle" you know they are debt-junkies craving their next fix.

Our economy is screwed. Big time screwed. And no amount of cheap debt and speculation is going to fix that.

Rising GDP due to more lending and higher house prices which leads to more GDP and more lending is not an economy. It's a joke.

Why not give us some specific predictions about how bad it will get?

nickj_2

anotheruser wrote: »

And how will a housing boom help those who can't get on the house ladder? Assuming I am correct in my interpretation of boom?

Perhaps it is just me, those who own their homes seem to be a little selfish and expect their house to be worth more than when they paid for it.
Prices go up and down, the majority go down and stay that way.

Then again, the "boom" could just be a building boom, which would be more descriptive.

the only value to me of owning my house is that it is a roof over my head,

Jack_Johnson_the_acorn

nickj wrote: »

the only value to me of owning my house is that it is a roof over my head,

I've just painted my dining room and sanded the wooden floors.... one of the best things about being a homeowner is freedom to do whatever one desires to ones home without fear of reprisal. That and the financial benefits :beer:

Blacklight

Jack_Johnson_the_acorn wrote: »

I've just painted my dining room and sanded the wooden floors.... one of the best things about being a homeowner is freedom to do whatever one desires to ones home without fear of reprisal. That and the financial benefits :beer:

The major one must surely be not having to worry after a period of time that you may not be able to afford the rent, particularly in retirement.

There comes a day when you can kick back and just work enough to pay the utilities and council tax.

nickj_2

Blacklight wrote: »

The major one must surely be not having to worry after a period of time that you may not be able to afford the rent, particularly in retirement.

There comes a day when you can kick back and just work enough to pay the utilities and council tax.

where do people think that all those who can't afford to buy their own house , or those who are paying the interest but can't afford to repay the capital will live when they retire and can't afford to pay £1000pcm rent or whatever it will be in 20 years time