Panorama tonight: The Great House Price Bubble?

ruggedtoast

I have just seen this on the iPlayer.

It was an excellent documentary.

Almost half of people think house prices are too high, and a majority of people want lower prices. And prices already on the way down in Scotland.

Excellent. The empty HPI mantra is being laid to rest in the United Kingdom.

Merryn as always was cogent, clear and excellent. The presenters anti HTB arguments skewered the dithering non sequitur pomposity of the housing minister trying to convince us that debt is wealth.

To hell with help to buy.

The only thing I wasn't too keen on was the fat teacher on £30k who can apparently afford a personal trainer and a new Vauxhall but couldn't save the deposit for a £120k house.

Oh well.

grizzly1911

ruggedtoast wrote: »

I have just seen this on the iPlayer.

It was an excellent documentary.

Almost half of people think house prices are too high, and a majority of people want lower prices. And prices already on the way down in Scotland.

Excellent. The empty HPI mantra is being laid to rest in the United Kingdom.

Merryn as always was cogent, clear and excellent. The presenters anti HTB arguments skewered the dithering non sequitur pomposity of the housing minister trying to convince us that debt is wealth.

To hell with help to buy.

The only thing I wasn't too keen on was the fat teacher on £30k who can apparently afford a personal trainer and a new Vauxhall but couldn't save the deposit for a £120k house.

Oh well.

Link?.....

Cornucopia

grizzly1911 wrote: »

Link?.....

http://www.bbc.co.uk/iplayer/episode/b03j0nw1/Panorama_The_Great_House_Price_Bubble/

Enjoy.

I think ruggedtoast must have watched a different programme to me. I thought it was nonsense pretty much start to finish.

Pobby

chucky wrote: »

Thanks Pobby

Thanks for what?

dktreesea

leveller2911 wrote: »

It could be that his problem is that he is having to pay 50% of his income on keeping a roof over his head.

We apparently need a low wage economy to compete with the global market so what needs to give?....... Lower housing costs or earnings need to increase?

We have a race to the bottom with increased housing costs and falling incomes.

While that may be literally true, the devaluation of the pound against both the Euro and the USD since the start of the recession has been enough to wipe out these gains in real terms. Prior to 2008, the pound traded at around USD$1.80 to $2.00, - since then it's traded at around $1.40 to $1.60 per pound. Likewise the Euro, over EUR$1.40 to the pound prior to the recession, and now languishing around Eur $1.20 to the pound.

MFW_ASAP

Pobby wrote: »

Thanks for what?

For being such a brilliant ray of sunshine that lights up this dark part of the MSE forums?

That'd be my guess anyway.