Rising house prices used to be considered good news. Not anymore.

wotsthat

Graham_Devon wrote: »

Selling your house lower than value is going to make no difference to the market, so I don't know why you hold on to this, somewhat vague and irrelevant point.

The market price is a function of the individual prices agreed. If enough people decide that prices are too high and decide to sell at lower prices the market price will fall.

I'm not stopping them but, despite their high mindedness and moral superiority, it seems that they're only willing to reduce their net worth if everyone else's falls too.

Gangaweed

Typical Guardian. Its only good when it happens under a Labour government, then it makes everyone wealthier.

If it happens under the Conservatives, its an evil capitalist plan to impoverish the poor.

cells

Ten years ago the private rental sector was only about 10% of the housing stock and most of them were transients...students...people who needed to work away for a few months/years...people renting very temp to them move into OO or Social. It was largely a choice and a temp one

Now with private rental aproaching 20% of the stock of homes there is a different feel to many. ie that they are forced to rent and there is no way out.

What is worrying is that private rentals are growing at circa 300,000 units a year.

That means 300,000 families more every year who have to rent.

Slowly but surely this larger group of forced renters (and their parents) will grow in number and be quite !!!!ed off. At that stage any party which is seen as strongly pro building (rather than just bluff and hot air) will win all important marginal seats. It will become an important political topic.

chucky

cells wrote: »

Ten years ago the private rental sector was only about 10% of the housing stock and most of them were transients...students...people who needed to work away for a few months/years...people renting very temp to them move into OO or Social. It was largely a choice and a temp one

Now with private rental aproaching 20% of the stock of homes there is a different feel to many. ie that they are forced to rent and there is no way out.

What is worrying is that private rentals are growing at circa 300,000 units a year.

That means 300,000 families more every year who have to rent.

Slowly but surely this larger group of forced renters (and their parents) will grow in number and be quite !!!!ed off. At that stage any party which is seen as strongly pro building (rather than just bluff and hot air) will win all important marginal seats. It will become an important political topic.

You seem to think that the pinnacle is home ownership. What's wrong with renting?

Aberdeenangarse

chucky wrote: »

You seem to think that the pinnacle is home ownership. What's wrong with renting?

Nothing, I know quite a few renters, do you?

Oh dear, I see you're not with us any longer Is that a temporary or permanent arrangement?

Conrad

Having a high minded moral position as an owner that states you want price falls is akin to those that claim to strongly believe in paying higher taxes and yet never once do they but this profound belief into action.


It's all very well to spout warm platitudes so as to make yourself fell more saintly but without personal action it's pretty tatty.




Be the change you want.
Ghandi.

Conrad

cells wrote: »

Slowly but surely this larger group of forced renters (and their parents) will grow in number and be quite !!!!ed off.

I thought we wanted an end to our love affair with ownership and to embrace the German love of renting?




Anyway I have warned for years that tightening mortgage regulation would lead us here. Note regulation is tightening again right now with more stringent affordability checks. Regulators need to keep justifying their position and thus dream up ever more draconian rules. An own goal that causes millions to end up renting.

Bantex_2

Conrad wrote: »

I thought we wanted an end to our love affair with ownership and to embrace the German love of renting?




Anyway I have warned for years that tightening mortgage regulation would lead us here. Note regulation is tightening again right now with more stringent affordability checks. Regulators need to keep justifying their position and thus dream up ever more draconian rules. An own goal that causes millions to end up renting.

Odd thing is that the affordability checks for private renters are just as stringent.

MrRee_2

Lies and statistics ......

This reminds me of the villager who complains bitterly that the local young cannot afford to live in the village anymore - yet, just a few years later sell their country manor for £3million to a London Banker!!! Instead of for £150,000 to a local young family working in the fields!!

House prices will do whatever the market tells them to ...... all of my family own property so, in selfishness, I quite enjoy the bricks and mortar increasing in value almost faster than I can earn!!

It's like having a 100% payrise!

Happy days!

wymondham

sounds like they polled sensible people!