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MSE News: House prices rising faster, Halifax says
Comments
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HAMISH_MCTAVISH wrote: »Rising house prices are to be welcomed, just as rising share prices, or any other asset price would be.
So long as we regard houses primarily as "assets", rather than a place to live, the idea that rapidly rising house prices are a good thing will prevail.0 -
So long as we regard houses primarily as "assets", rather than a place to live, the idea that rapidly rising house prices are a good thing will prevail.
You can regard a house as anything you like.
But it doesn't change the fact that houses are assets.“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 -
Start a communist collective. Usually they get a farm in Somerset.
Check out Christiania in Copenhagen.
Unless you are still stuck on the idea of your "own" house?0 -
HAMISH_MCTAVISH wrote: »Indeed.
Rising house prices are to be welcomed, just as rising share prices, or any other asset price would be.
Like rising food costs, rising electricity costs, how about rising nursery costs? All good news Hamish?
House prices should be allowed to rise and fall to find their true value in a free market. All we have is a rigged market which benefits speculators and reckless whilst penalising those who do the right thing.
A housing bubble just sucks up more money which could be used for a more productive use.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Some government idiot decides to tackle property inflation.
We tax 100% of the capital gains, to stop property speculation.
Obviously, everybody now sell at purchase price as far as Land Registry is concerned. So if you bought at £200k, and then agree to sell at £250k, the buyer will transfer £50k to you in cash, or via some kind of offshore account, but the deal is recorded at £200k.
Lots of plot opportunities, bootlegging cash, double cross, G-men busts, resulting in fall of government, and end of Prohibition II. Guy Ritchie, make that movie.0 -
Like rising food costs, rising electricity costs, how about rising nursery costs?
You should probably try to learn the difference between consumables and assets one day.:o“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 -
Like rising food costs, rising electricity costs, how about rising nursery costs? All good news Hamish?
House prices should be allowed to rise and fall to find their true value in a free market. All we have is a rigged market which benefits speculators and reckless whilst penalising those who do the right thing.
A housing bubble just sucks up more money which could be used for a more productive use.
Food, electricity and nursery costs aren't assets though.0 -
House prices should be allowed to rise and fall to find their true value in a free market.
Like they rise and fall in your signature??All we have is a rigged market which benefits speculators and reckless whilst penalising those who do the right thing.
Speculators and reckless - I guess you are referring to people who buy property as an investment when prices are low and / or funding is hard to get. This "rigged market" isn't helping either - unless you believe HTB candidates are reckless?A housing bubble just sucks up more money which could be used for a more productive use.
Such as? A car? Nice holiday? What is more productive than a roof over your head?0 -
WellKnownSid wrote: »What is more productive than a roof over your head?
Especially when houses pay you so handsomely to live in them.
“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 -
What are your recommended uses for the savings of a potential first time buyer who is currently renting then, if you feel that there is a more productive use than buying a house?A housing bubble just sucks up more money which could be used for a more productive use.
Also your answer may be easier to take seriously if you update the figures in your forum signature before you give it.0
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