How can house prices be so high it's so unfair on the young stars

Idiophreak

ukcarper wrote: »

You seem to assume that nobody wants to rent and that those who want to buy have deposit or that others are not in receipt of LHA and would have no chance of buying even if prices fell.

I'm assuming that half of people want to rent, as per my original post on the subject.

Of course, in order to buy a home, you need both the inclination and the means...I should have specified that, you're right.

Cuckooclock

floridaman wrote: »

This country has so many hard working young. It breaks my heart to see them renting. How can house prices be so high? It's so unfair. The young should refuse to work/go on strike in protest.

I understand this as I have children so know the problem, however just after we bought our first house the rate went up to 15%. We had a young baby & I wasn't working, but we pulled in our horns didn't buy a newpaper or magazine fore years.

It was hard, very hard, but now we are retired & have paid our mortgage so are a lot better off than some having no rent to pay.

HAMISH_MCTAVISH

Idiophreak wrote: »

In the real world of course, the numbers are much easier to see...There are 4m-ish privately rented homes. Putting all of those up for sale would have far more impact on house prices than building an extra couple of thousands home here or there...

If you take 100 houses from rented to owned, and 100 renters from renting to owner occupation, the balance of supply and demand in both the rented market and the owner occupied market remains exactly the same.

There will be no material difference to either rents or house prices.