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Debate House Prices


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BOE: "Not our job to regulate house prices"

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Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CLAPTON wrote: »
    It seems reasonable to me that taxation either local or national should fund infrastructure and local services via local and government taxes.

    That might be true if the infrastructure was being funded.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    ukcarper wrote: »
    That might be true if the infrastructure was being funded.

    I believe we have been experiencing a recession and periods of very low growth plus a massive increase in debt due the the banking crisis.

    I think this has affected the level of infrastructure spending.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    CLAPTON wrote: »
    I believe we have been experiencing a recession and periods of very low growth plus a massive increase in debt due the the banking crisis.

    I think this has affected the level of infrastructure spending.

    It has indeed affected infrastructure spending but it often lagged, if it occurred at all, before those events.
    "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 Muruganantham
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CLAPTON wrote: »
    I believe we have been experiencing a recession and periods of very low growth plus a massive increase in debt due the the banking crisis.

    I think this has affected the level of infrastructure spending.


    What about before recession.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    ukcarper wrote: »
    What about before recession.

    large sums of money were poured into the NHS is the pre recession years
    but you know that
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CLAPTON wrote: »
    large sums of money were poured into the NHS is the pre recession years
    but you know that

    Yes to rectify years of under spending. Plenty of new building with a lack of road, public transport, school or doctor spending where I am.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    I'm losing the plot here
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    ukcarper wrote: »
    Yes to rectify years of under spending. Plenty of new building with a lack of road, public transport, school or doctor spending where I am.

    Same here.

    The Local Development Plan is a shambles and has been out of date for some time. The developers are having a field day shooting of disproportionate development applications one after the other. The council are in continuous fire fight mode.

    It has been that way for several years.

    The market knows best so I am sure it will all work out.
    "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 Muruganantham
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    CLAPTON wrote: »
    I'm losing the plot here

    Really.....
    "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 Muruganantham
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    leveller2911 wrote: »
    Because some HA houses were/are built with grants you think ALL HA houses must be the same. You are very ignorant to how it actually works and seem to be rather bitter towards HA tenants ,the majority of whom are not spongers, they work hard,contribute to society and many pay their way in life.

    Your HA wouldn't function without taxpayer handouts. I read the accounts - bet that's more than you've done. The biggest risk they identify to their business model is that these handouts are reduced due to changes in policy.

    No bitterness or comment about how hard people are working - just suggesting that this model is unlikely to be the most efficient use of taxpayers capital and it can give a false sense of people paying their way when the reality is that they aren't.
    leveller2911 wrote: »
    Our house is a typical HA house in a semi rural location.It was built in 1993, it was built on land donated by the local Council who stipulated that the houses must be occupied by local people. The HA gained mortgages to build the houses. The mortgages were paid off about 5 years ago and now the majority of the rent we pay is "profit" for the HA.

    The council didn't donate the land - it was donated by the taxpayer - another subsidy. The profit of the HA is irrelevant - how did the taxpayer benefit from the donation of land, building grants and ongoing funding?
    leveller2911 wrote: »
    We pay a "fair " rent worked out by Government , its private housing tenants I feel sorry for who are being [STRIKE] fleeced [/STRIKE]charged high rents by private landlords who want to maximise profit and they can't see beyond the £ at the harm they are doing to Society as a whole. You concentrate on the term "subsidised" with HA tenants but I suspect a fair percentage of private sector landlords would go bust tomorrow if housing benefit was withdrawn, all those landlords who take housing benefit tenants are being subsidised by the taxpayer , but you never seem to moan about that. Is it because you see landlords as being somehow superior?.

    I'm not singling out HA's here - whilst a glance at their accounts show that the business model collapses without taxpayer support the same will go for BTL's renting to people in receipt of HB.
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