Panorama tonight: The Great House Price Bubble?

IveSeenTheLight

posh*spice wrote: »

Just Gross

Have you ever went to a public swimming pool.
Potentially greater risk than sharing a bath with a partner

posh*spice wrote: »

Err what about all that humidity??? This is likely to cause more problems than it solves

I'd suggest not enclosing that humidity to a small room.
Open the doors, let the heat and humidity dissipate to the bedroom / hall.

Surely the point you are making, then you shouldn't be having a bath in the first place as I'd guess there is more steam generate during the running of the bath as opposed to leaving a bath full for an extra half hour or so.

MFW_ASAP

Graham_Devon wrote: »

Faced with those bare truths about the scale of the problems, including the scale of the debt people are taking on, you probably found your cosy insulated view of the world quite challenged!

I have a colossal amount of debt already and I'm about to take on almost £30k more in order to do my windows. Does my debt keep you up at night Graham?

I sleep soundly knowing that I can service it quite easily.

IveSeenTheLight

ukcarper wrote: »

I don't think subsidised is the right word but it would be interesting to know how council/social housing rents compare to market rents. The person on program was paying £450 but we don't know where property was, how big it was and if he was getting any HB.

The program mentioned he did not receive any benefits other than the council home which he paid rent on.

You're correct however, the program did not look at alternative options.

Again, not balanced just focusing on how he could not afford to buy / survive

John_Pierpoint

My local council has a system that grades applicants and awards them a status (I think all local authorities have a similar system). The quirk is that each week a list of empty council property appears in the local paper.
And people can bid for it, obviously the bidder with the most points, and a matching need, wins the auction.
Rents used to be at a discount of about 33% to the private sector but are nearer 50% now, as long as the applicant wants to live on an (ex) council estate.

http://www.thurrockchoicehomes.org.uk/Data/ASPPages/1/1128.aspx?LettingCycleID=1683

Loughton_Monkey

Graham_Devon wrote: »

I bet you did.

Faced with those bare truths about the scale of the problems, including the scale of the debt people are taking on, you probably found your cosy insulated view of the world quite challenged!

The 'scale' of what problems? I saw an extremely low income man with two grown up children, whose circumstances were not explained.... who was editorially thrown into the 'documentary' purely to engage some sympathy, and to fill time. Nothing to do with House Price 'bubbles'.

All the debt taken on seemed to be voluntary and as cheap as chips.

MFW_ASAP wrote: »

I have a colossal amount of debt already and I'm about to take on almost £30k more in order to do my windows. Does my debt keep you up at night Graham?

I sleep soundly knowing that I can service it quite easily.

Quite frankly, I think it does.

Most of us simply carry on and 'manage' our financial lives competently. I don't know a time in my 45 years of adult life when anything was anything near perfect. Normal people take a view on what's happening [currently b*gger all return on savings.. low annuity rates... but Equities increasing, a bit of hpi returning] and balance their finances accordingly.

Graham just sits there getting daily more anxious about the plight of people who don't manage their own affairs properly, and trying to ramp all sorts of State Interference that he thinks will cure all the problems of these people.

But don't knock it. It is extremely good comedy, and it opens up all our eyes to the degree to which most people [of whatever political persuation] are rational, but he stands out as being totally woolly, extremely muddled, and on a lot of points utterly wrong!

rageagainstessays

WOW this is like all of my lectures smashed into one thread.

blinko

sheffield_lad wrote: »

No one seemed to counter the argument that if interest rates go up we are all doomed. I have not seen a thread here but the margin on a 5% I base rate is not going to be +2%. Or are we saying margins will always be this high?

we are not all doomed, interest rates will simply slow activity. At the moment you have a 300 year interest rate low. It's not surprising there is a boom given that money CANNOT get any cheaper (unless base rates fall to 0%)

There won't be any sort of crash/financial concern until base rates hit 4% region and then those who are stretched really become stretched but this will be 4 - 5 years minimum to get there

Hooloovoo

ukcarper wrote: »

The woman in Reading for example why wait to buy until you have 2 kids and still can't save out of £38k earnings.

Absolutely. I have no sympathy with people who have kids and then complain that they haven't got anywhere to put them. Should have done it the other way around, love!

grizzly1911

Hooloovoo wrote: »

Absolutely. I have no sympathy with people who have kids and then complain that they haven't got anywhere to put them. Should have done it the other way around, love!

Stuff happens in life.

Best laid plans and all that.

Hooloovoo

grizzly1911 wrote: »

Stuff happens in life.

Best laid plans and all that.

Contraception is free on the NHS from your local clinic.

Sure, they are not 100% effective. But using two forms at once drops the likelihood of failure to practically zero. In any case - one failure is an accident. Two is planned.

No excuses.