Help to Buy is not causing a housing bubble

CLAPTON

ukcarper wrote: »

CLAPTON wrote: »

LHA was massively increased after 1997: even before that the system was broken.

LHA doesn't significantly increase the housing stock, just the amount of money the taxpayer gives to landlords.

if there was no housing benefit who would occupy the houses currently filled with people on HB?[/QUOTE


People who commute people who currently share.

Then that would be a plus won't it?

ukcarper

CLAPTON wrote: »

ukcarper wrote: »

Then that would be a plus won't it?

In some ways yes but London needs low paid workers and they need somewhere to live.

CLAPTON

ukcarper wrote: »

In some ways yes but London needs low paid workers and they need somewhere to live.

Given we have to make the choice why should the taxpayer subsidise low paid workers (or unemployed) to live in central areas whilst expecting other people to live is smaller properties and/or commute?
Are one group more worthy than the other?

In any event you are doing these lower paid no service:
London is the richest part of the country and taxpayer shouldn't be subsidising Londoners.

If London needs these jobs and they weren't taxpayer subsidised then the wage rates would rise due to simply supply/demand.

Win Win for everyone

ukcarper

CLAPTON wrote: »

Given we have to make the choice why should the taxpayer subsidise low paid workers (or unemployed) to live in central areas whilst expecting other people to live is smaller properties and/or commute?
Are one group more worthy than the other?

In any event you are doing these lower paid no service:
London is the richest part of the country and taxpayer shouldn't be subsidising Londoners.

If London needs these jobs and they weren't taxpayer subsidised then the wage rates would rise due to simply supply/demand.


Win Win for everyone

You do love putting words in peoples mouths who said anything about smaller properties or central areas. But commuting from any distance is expensive and cannot be afforded on low pay.


Didn't I say they wages should rise to a living amount but that would have an effect on the cost of living in London.

JencParker

CLAPTON wrote: »

Given we have to make the choice why should the taxpayer subsidise low paid workers (or unemployed) to live in central areas whilst expecting other people to live is smaller properties and/or commute?
Are one group more worthy than the other?

In any event you are doing these lower paid no service:
London is the richest part of the country and taxpayer shouldn't be subsidising Londoners.

If London needs these jobs and they weren't taxpayer subsidised then the wage rates would rise due to simply supply/demand.

Win Win for everyone

Why should the taxpayer indirectly subsidise companies by topping up their employees wages when they don't pay them a living wage?

Oops - just seen the highlighted part of your post. You really believe that? Not sure whether you're naïve or just obdurate. Of course there will always be a supply of people who will work for nothing. That's why business are all for immigration. They can get workers for nothing who will live 10 to a room and send money home which wouldn't be enough to survive on here, but is a good wage for their families back home.

CLAPTON

JencParker wrote: »

Why should the taxpayer indirectly subsidise companies by topping up their employees wages when they don't pay them a living wage?

Oops - just seen the highlighted part of your post. You really believe that? Not sure whether you're naïve or just obdurate. Of course there will always be a supply of people who will work for nothing. That's why business are all for immigration. They can get workers for nothing who will live 10 to a room and send money home which wouldn't be enough to survive on here, but is a good wage for their families back home.

Yes I believe that most people get paid broadly based on supply and demand except where the government interferes with the market.

If that were not so can you explain why 99% of people are not paid the minimum wage?

In my experience of immigrant workers they quickly work out how the system works and gravitate to better paying jobs and get a bit tired of sharing 10 to room.

But yes, excessive immigration from countries with very poor wages and very high unemployment will depress wages here but even then they rarely work for nothing.

EchoLocation

mayonnaise wrote: »

Keep it friendly please.
The thread is about HTB and possible bubbles. It's not the 'having a go at chucky' thread.

Thanks

Not my intention, and I wasn't the one who resorted to a pointless ridicule tactic by claiming "there's no need to throw your toys out of your cot". I'm only working with the responses I get back.


Anyway back on topic then, anecdotally at least. In a conversation with an EA a few weeks back regarding the sudden increase in asking prices - which they struggled to justify, almost implying that prices had just put themselves up - they did admit that they had expected HTB2 to increase buyer numbers, which hadn't so far happened. So you know, reading between the lines, I do think HTB has whipped up sentiment with those EA's desperate to get back to the 'glory days' as another agent once described it to me.

CLAPTON

EchoLocation wrote: »

Not my intention, and I wasn't the one who resorted to a pointless ridicule tactic by claiming "there's no need to throw your toys out of your cot". I'm only working with the responses I get back.


Anyway back on topic then, anecdotally at least. In a conversation with an EA a few weeks back regarding the sudden increase in asking prices - which they struggled to justify, almost implying that prices had just put themselves up - they did admit that they had expected HTB2 to increase buyer numbers, which hadn't so far happened. So you know, reading between the lines, I do think HTB has whipped up sentiment with those EA's desperate to get back to the 'glory days' as another agent once described it to me.

what are you saying?

that house price aren't going up or what?

CLAPTON

ukcarper wrote: »

You do love putting words in peoples mouths who said anything about smaller properties or central areas. But commuting from any distance is expensive and cannot be afforded on low pay.


Didn't I say they wages should rise to a living amount but that would have an effect on the cost of living in London.

true

but then you didn't actually say anything coherent about housing or low pay.

EchoLocation

CLAPTON wrote: »

what are you saying?

that house price aren't going up or what?

??? I think you've maybe misread my post.