Panorama tonight: The Great House Price Bubble?

moneyinmypocket

Watching the program now. The gentleman who is short on money for food - I wouldn't shop at the spar if I had little to spend surely??

ukcarper

Watched basically rubbish

Graham_Devon

Well I thought it was a fair assessment. And finally someone looked at the danger of taking on the debt levels seen today when looking forward to the future.

Can understand why some in favour of higher prices would find it rubbish though.

One key thing stood out to me. In order to defend against the talk of a bubble, the vested interests always seem to talk about transactions, not prices. Why is this?

ukcarper

I'm not in favour of higher prices but the program was one sided and had the usual type of people on it.

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

Graham_Devon

ukcarper wrote: »

I'm not in favour of higher prices but the program was one sided and had the usual type of people on it.

I don't think it was one sided. The issues are the issues. The opinions are the opinions.

The programme ended on the line that help to buy is only seen as a good thing by those interested in selling houses.

That may have been the issue with the programme....this was asking real people and looking at real people. It wasn't looking at the banks, estate agents and landlords. Hence you got a differing opinion to the one it seems you would have preferred (therefore claiming it was one sided).

CLAPTON

Graham_Devon wrote: »

Well I thought it was a fair assessment. And finally someone looked at the danger of taking on the debt levels seen today when looking forward to the future.

Can understand why some in favour of higher prices would find it rubbish though.

One key thing stood out to me. In order to defend against the talk of a bubble, the vested interests always seem to talk about transactions, not prices. Why is this?

well, would you expect people with 'vested interests' to be totally objective to the wider socio -economic issues especially when expressed in a sound bite of about 30 seconds

HAMISH_MCTAVISH

Graham_Devon wrote: »

(therefore claiming it was one sided).

The biggest contributors were Moneyweek and Shelter.

Two organisations with extreme Vested Interests in claiming house prices are too expensive.

Graham_Devon

HAMISH_MCTAVISH wrote: »

The biggest contributors were Moneyweek and Shelter.

Two organisations with extreme Vested Interests in claiming house prices are too expensive.

Like how you are now stating a charity is a vested interest!

But let's be fair. They had contributions from the construction sector and the housing minister. Their arguments were feeble at best, hence why you most likely forgot all about their contribution.

leveller2911

CLAPTON wrote: »

well, would you expect people with 'vested interests' to
be totally objective to the wider socio -economic issues especially when
expressed in a sound bite of about 30 seconds

I agree with you there and it was very reassuring when the housing minister said "Its not just about profit".

What a complete c0ck he was.

On the mortgages thread Kingstreet was saying he had heard that if the HTB scheme did result in repossessions then the government would not be chasing the homeowner for any shortfall. Bit alarming that.

Tahlullah

Well, if your charity has one purpose, eg housing law, and all the people employed in that charity only have jobs because of housing problems, then yes, there is a vested interest.