We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
40% In London
Comments
-
When the only interest is value, it is not good for local communities. Look at some of the Zombie villages in Cornwall which are dead for all but a few months in the summer.
I am only responding to your claim that you think there is a market full of people who just want a house to call a home and don't care about value.0 -
When the only interest is value, it is not good for local communities. Look at some of the Zombie villages in Cornwall which are dead for all but a few months in the summer.
those zombie villages in cornwall are largely caused by the lack of work and not because due to holiday homes
and have little to do with people interested in 'value' whatever that means .0 -
Many do just want a secure home and increasing value is just a bonus. This builds communities over time.I am only responding to your claim that you think there is a market full of people who just want a house to call a home and don't care about value.
An investor 2000 miles away who just deals through an agent has no such interests.
I like the idea of established and stable communities, but again I am probably wrong as just earning a few quid is much more important.0 -
The lack of work is quite often caused by the younger people being forced out. The farm workers etc now have to commute. The local shop, pub etc cannot survive on seasonal trade.those zombie villages in cornwall are largely caused by the lack of work and not because due to holiday homes
and have little to do with people interested in 'value' whatever that means .0 -
Ask anybody and I mean anybody if they have no interest in the value of there home and just bought it to live in ..every one will say that they want the value to increase.
There are not two different types of buyer.Everyone who buys is a speculator to an extent.
This is simply not true. People on here keep posting this view as if it is self-evident. Frequently this is met by several of us who think differently posting to say that we really do not care whether the "value" of our houses increases or not. Why you do not consider our personal experience worth believing, I do not know.
The value of my house to me = one secure place to live.
If I'm really pushed to think about the distant future, then I hope that in 40 or so years time when I come to sell it (probably) that it will be enough to cover the cost of my care home fees, which I expect is reasonably likely even if average HPI does no more than keep pace with inflation. What its value in pounds does this year, next year, or for the next 20 years is frankly of no interest or relevance to me. Why should it be? I'm not going to sell it or mortgage it.
In what way do you think I am a speculator?
In any case, even if it were true that "everybody" wants their house to increase in value, that still wouldn't negate the distinction that Bantex is drawing between those who view their house as a home (regardless of whether or not they also regard it as an investment) and those who regard it as "only" an investment.
If you read Bantex's post again, you will see that his/her argument is about the lack of local engagement by absentee landlords, and nothing at all to do with what owner occupiers want house prices to do.I have a problem with absentee investors buying up scarce housing stock. Don't really care what race they are.
I like to see places owned by people that have an interest in a area beyond purely financial.
Suppose it depends on whether you see a house as a home or just a pile of bricks that is there for trading and nothing else.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
0 -
Is it investors or foreigners you have a problem with ?
Me get the impressions that the people who object to "foreigners" buying uk property on the pretence that it prices out the locals. Are the same people who object to immigrants because they drive down wages for the indigenous population.
It's racism pure and simple, just wish people wuld come out admit rather than hide behind some sort of pseudo concern for society.
No, it's not racism.
In this context, the point of "foreign" investors is not what race they are, but where they live. It would be clearer to call them non-dom investors. If a rental property is owned by a LL who lives in this country, then the money paid in rent remains circulating in this country's economy. If it is owned by a LL living abroad, that money goes abroad each month.
The question of how much of the housing stock belongs to non-dom investors is therefore a legitimate concern for a debate board about "the economy" on a UK website, without any racism being involved.
The same does not apply to owner-occupied houses, which are by definition lived in by people who live here!Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
The lack of work is quite often caused by the younger people being forced out. The farm workers etc now have to commute. The local shop, pub etc cannot survive on seasonal trade.
There is plenty of property in Cornwall and Devon but few well paid jobs.
Your solution is to stop second homes.
Young people leave because of the lack of job opportunities not because of the lack of housing.0 -
This is not just Central London though.
A studio in a shabby part of Lewisham will now cost around £250,000 due to anything better being bought up and in many cases just left empty.
Why do you make up these idiotic lies?
http://www.zoopla.co.uk/for-sale/details/32289507?search_identifier=95ffff41d5578be2dd50689f544c3fc0
The above is a studio in Lewisham ,offered at £105,000.
And here's a 2 bedroom flat in Lewisham, up for £170k,
http://www.zoopla.co.uk/for-sale/details/32221544?search_identifier=aba4336278c9c63ba0ebdb118ee22b6a0 -
-
If that were the case, there'd be no need for our resident racists to keep tagging on the word "foreigner" to any point that they wanted to make.
I have no idea which, if any, posters on this board are racist. I don't usually read the rant threads anyway. I believe you that some people going on about "foreign investors", either on here or in a pub somewhere, are indeed racist.
I still think, though, that somebody might, without being at all racist, be concerned about this country's balance of trade, and therefore would not want a significant proportion of the capital's housing stock to be owned by LLs who take the rent money out of the UK economy because they live and spend elsewhere.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards