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Debate House Prices
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House price rises 'must stop'
Comments
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People knock old Vince, but I do quite admire him He says what he thinks needs doing, not what the 'party line' is - lets face it these are often worlds apart (and getting wider!). I suppose his age means he's not got both eyes on his future job so can say as he sees and not looking for his own preservation as much as the others.
Yes, building more houses will ease prices, but as Vince has said the policies of the Government are not helping this situation with HTB etc...
Keep speaking your mind Vince, it's good to keep Cameron on his toes!!0 -
HTB2 was only 1.5% of the total volume. It is contributing almost nothing.0
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HTB2 was only 1.5% of the total volume. It is contributing almost nothing.
It's also sentiment though.
As soon as HTB was announced, Landlord forums were discussing buying up property to make the most of the increases HTB would inevitably cause.
People are not stupid. You can see house prices take off from around March when HTB was announced, especially on the Nationwide house price chart.
Theres also the fear factor of "buy now before prices rise". There were many reports on the house buying and selling board of people buying quick before prices rise due to HTB.
The actual HTB sales are just one part of the equation.
A bit like the car scrappage scheme. People were holding out for bigger discounts. However, when the scrappage scheme came along, there were no discounts left to be had, and people started buying cars again, even if they couldn't take part in the scheme, no point waiting any longer.0 -
Improving sentiment isn't a bad thing. I'm not sure people were waiting for better deals in property though as the price would have just continued to rise regardless. It may have expedited things as you say. It is a positive to see volumes rise. I do think we will see HTB take up more of the total next year, but not much more.0
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Graham_Devon wrote: »A bit like the car scrappage scheme. People were holding out for bigger discounts. However, when the scrappage scheme came along, there were no discounts left to be had, and people started buying cars again, even if they couldn't take part in the scheme, no point waiting any longer.
Which is a good thing.
It spurs economic activity and creates jobs/prevents more unemployment, and averts a dangerous deflationary spiral.
The car scrappage scheme was an unqualified success.
HTB is proving to be the same.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
grizzly1911 wrote: »He's only an old duffer, allegedly, what does it matter?
Election time is looming. Politicians are struggling to find good policies. As their ability to influence events is rather limited.0 -
HAMISH_MCTAVISH wrote: »Which is a good thing.
It spurs economic activity and creates jobs/prevents more unemployment, and averts a dangerous deflationary spiral.
The car scrappage scheme was an unqualified success.
HTB is proving to be the same.
the car scrappage scheme was a success: pity most of the cars sold were imported.EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
HTB stimulates the housing market through an increase in demand, hoping that supply will follow. But this policy tolerates house price inflation, which always benefits those owning real estate at the cost of young families. An unfair policy I despise.0
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MariaMoser wrote: »HTB stimulates the housing market through an increase in demand, hoping that supply will follow. But this policy tolerates house price inflation, which always benefits those owning real estate at the cost of young families. An unfair policy I despise.
why is a young family (or single or couple or older people or anyone without a property) unfairly treated by being enabled to buy a property with only a 5% deposit?EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
MariaMoser wrote: »HTB stimulates the housing market through an increase in demand, hoping that supply will follow. But this policy tolerates house price inflation, which always benefits those owning real estate at the cost of young families. An unfair policy I despise.
We've all benefited from a period of inflation which erodes the value of debt.0
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