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Debate House Prices


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Help to buy? Yes please, say bankers!

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Comments

  • Like it or loath it bankers by their very nature are sitting at the top of the pile, in essence life's winners, dishing out the cash. (Never remember playing Monopoly as a child how everyone wanted to be the banker?). Help 2 Buy is also for life's winners and if that means cash being trickled down from the top of the pile to us lowly purchasers then so be it. Winning is about knuckling down as getting on with things no matter what hand you've been dealt with. Salient advices which all goons hoping and preying for a housing crash should heed. Life's too short to be living in rented under some strangers roof and rules.
  • Dribley
    Dribley Posts: 178 Forumite
    remember playing Monopoly as a child how everyone wanted to be the banker?

    I think they were probably referring to you and you'd misheard them ;)
  • wotsthat wrote: »
    Who's been saying politicians are absolutely right about absolutely everything?

    I think you'd be doing your Violet Elizabeth Bott impression if you thought words had been falsely attributed to you.

    Rather appropriate really:
    Other recurring characters include Violet Elizabeth Bott, lisping spoiled daughter of the local nouveau riche millionaire (whose companionship William reluctantly endures, to prevent her carrying out her threat "I'll thcream and thcream 'till I'm thick"
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    chucky wrote: »
    Maybe they are wrong but are you saying that Help to Buy won't help more houses being built or more people have the opportunity to own property?

    Some are saying that Help to Buy will start a house price spiral, and as you suggest, increased mortgage availability will increase the ability of people to buy property, and increased demand will probably lead to more property being built.

    That's what happened last time, and it ended in tears. The only sector of society which seems to have staged a full recovery is the banking sector.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    Some are saying that Help to Buy will start a house price spiral, and as you suggest, increased mortgage availability will increase the ability of people to buy property, and increased demand will probably lead to more property being built.

    That's what happened last time, and it ended in tears. The only sector of society which seems to have staged a full recovery is the banking sector.

    TruckerT
    Maybe but maybe not.

    Some would like house prices to drop.

    They don't understand that the lower the house price the less people are able to buy. I hope that you're not one of those Big T!
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    edited 12 October 2013 at 5:34PM
    chucky wrote: »
    Maybe but maybe not.

    Some would like house prices to drop.

    They don't understand that the lower the house price the less people are able to buy. I hope that you're not one of those Big T!

    Some would just like to be able to afford a nice place to live.

    Council housing used to provide nice places for people who could not afford to buy.

    But nowadays, taxpayers money is used to line the pockets of private landlords in the form of housing benefit. And, surprise surprise, we are now being told that housing benefit is close to becoming unaffordable.

    We are also being told that there is an annual new-build shortfall of many thousands of properties.

    The Help to Buy scheme will help only the have's (or the 'can-haves'), whilst the have-nots will continue to regress further and further.

    The Daily Mail claims that Miliband's dad's post-war political ideas led to horrendous conditions for huge numbers of people.

    Not here they didn't! They led to lots of nice places to live for people who had never before enjoyed such luxury.

    Unfortunately, too many of those people were seduced by the Big T council house give-away, and their successors are now facing difficulties which were supposed to have become things of the past.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    Some would just like to be able to afford a nice place to live.

    Council housing used to provide nice places for people who could not afford to buy.

    But nowadays, taxpayers money is used to line the pockets of private landlords in the form of housing benefit. And, surprise surprise, we are now being told that housing benefit is close to becoming unaffordable.

    We are also being told that there is an annual new-build shortfall of many thousands of properties.

    The Help to Buy scheme will help only the have's (or the 'can-haves'), whilst the have-nots will continue to regress further and further.

    The Daily Mail claims that Miliband's dad's post-war political ideas led to horrendous conditions for huge numbers of people.

    Not here they didn't! They led to lots of nice places to live for people who had never before enjoyed such luxury.

    Unfortunately, too many of those people were seduced by the Big T council house selloff at knock-down prices, and their successors are now facing difficulties which were supposed to have become things of the past.

    TruckerT
    Interesting post Big T but it has little to do with my post.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    chucky wrote: »
    Interesting post Big T but it has little to do with my post.

    Your post was deliberately provocative (nothing wrong with that by the way - we all do it all of the time!).

    The problem which you mentioned is not caused by 'low' prices, it's caused by 'falling' prices - it's more about peoples' inability to sell, rather than their inability to buy.

    The problem which I mentioned is that, to an increasing number of people, house prices are of no interest at all. It's the affordability of a decent place to rent which they worry about.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    Your post was deliberately provocative (nothing wrong with that by the way - we all do it all of the time!).

    The problem which you mentioned is not caused by 'low' prices, it's caused by 'falling' prices - it's more about peoples' inability to sell, rather than their inability to buy.

    The problem which I mentioned is that, to an increasing number of people, house prices are of no interest at all. It's the affordability of a decent place to rent which they worry about.

    TruckerT
    That's better my friend. But lower prices are caused by falling prices which I'm glad you picked up on. As I said lower/falling prices means less people are able to buy not just because of people unable to sell but because of the level of carnage that would be caused with the financial institutions.

    Lower property prices are of course good but it's unlikely to happen in this day and age.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    chucky wrote: »
    That's better my friend. But lower prices are caused by falling prices which I'm glad you picked up on. As I said lower/falling prices means less people are able to buy not just because of people unable to sell but because of the level of carnage that would be caused with the financial institutions.

    Lower property prices are of course good but it's unlikely to happen in this day and age.

    I'm not yet convinced that the financial institutions have anything to fear from financial carnage. As things stand, I suspect they would still be eligible for a taxpayer bailout. Hence GD's original thread title.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
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