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!
BTL'ers are not evil are they??
Comments
-
Funny how people cannot afford to buy, yet everyone IS!
Funny how house prices are increasing because 20 people are wanting to buy each house which comes to the market!
So, basically, what you are saying is rubbish - most people can buy now with the huge amount of cheap money available.
If they can find a deposit, or get in on a deal that doesn't require a big one. The young -- the predominant first time buyers -- aren't good at saving up. Too much peer pressure to spend, spend, spend, and many were brought up by their parents -- the Baby Boomers -- to believe that they can and should have everything they want just when they want it.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
That's true what you say ..... but it's also true that people are buying - they really are, right now, right here, at today's prices.
Therefore, to be brutally honest, houses ARE affordable ....... to most.Bringing Happiness where there is Gloom!0 -
Buying a property isn't for everyone. Only those that can afford to will be able to buy.GeorgeHowell wrote: »If they can find a deposit, or get in on a deal that doesn't require a big one. The young -- the predominant first time buyers -- aren't good at saving up. Too much peer pressure to spend, spend, spend, and many were brought up by their parents -- the Baby Boomers -- to believe that they can and should have everything they want just when they want it.0 -
That's true what you say ..... but it's also true that people are buying - they really are, right now, right here, at today's prices.
Therefore, to be brutally honest, houses ARE affordable ....... to most.
No not most but some. The deposit is still the bugbear for many, and that's going to get worse if mortgage rationing is coming back to cool the market.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
The only way house prices increase is if more people can buy than there are houses for sale ........ I would suggest that 'most' are able to buy and are trying to - driving up prices to do so.
Deposits are not the issue they were and most parents are stumping that up for their kids ..... buying isn't a problem now as it has been for 6 years.
My point is that prices will find their level - and that level is still increasing rapidly - and people are still rushing to buy.
There is plenty of cash around looking for a home to put it into ...... a 20% Deposit on a £200,000 property is only £40,000 - or put another way, 20 months saving, that's all.Bringing Happiness where there is Gloom!0 -
The only way house prices increase is if more people can buy than there are houses for sale ........ I would suggest that 'most' are able to buy and are trying to - driving up prices to do so.
Deposits are not the issue they were and most parents are stumping that up for their kids ..... buying isn't a problem now as it has been for 6 years.
My point is that prices will find their level - and that level is still increasing rapidly - and people are still rushing to buy.
There is plenty of cash around looking for a home to put it into ...... a 20% Deposit on a £200,000 property is only £40,000 - or put another way, 20 months saving, that's all.
There you go again, patronising sarcasm towards anyone not very well off, as I'm convinced you are not yourself -- this B/S is just your way of dealing with the sense of grievance.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
That's true what you say ..... but it's also true that people are buying - they really are, right now, right here, at today's prices.
Therefore, to be brutally honest, houses ARE affordable ....... to most.
I must admit that I am really (pleasantly) amazed at how much London properties have risen to now, I thought that the 2007 peak prices would not be surpassed (in real terms) but they have been. It makes me wonder how on earth can the market continue to rise? Are people going to have to accept less for their money from now on?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
GeorgeHowell wrote: »There you go again, patronising sarcasm towards anyone not very well off, as I'm convinced you are not yourself -- this B/S is just your way of dealing with the sense of grievance.
What on earth are you rambling on about now? :cool:Bringing Happiness where there is Gloom!0 -
That's true what you say ..... but it's also true that people are buying - they really are, right now, right here, at today's prices.
Therefore, to be brutally honest, houses ARE affordable ....... to most.
With the best will in the world, your logic here is a bit flawed. You say that the fact that houses are selling demonstrates that "they are affordable to most", but that isn't necessarily the case. A house selling simply means that they're affordable to someone.
With the number of houses sold being relatively low relative to the number of people, houses could be completely unaffordable to most people, but still sell, as the relatively small number of people who can afford them (potentially including BTL buyers of course, to bring the thread back on track) are buying them all.
I'm not saying that this is the case, simply that it could be, and steadily falling home ownership rates over the last few years do suggest that the number of people who can buy at the prevailing price at a given time is falling. So I'm not sure that the view that "most" people can afford a house is accurate.0 -
chucknorris wrote: »I must admit that I am really (pleasantly) amazed at how much London properties have risen to now, I thought that the 2007 peak prices would not be surpassed (in real terms) but they have been. It makes me wonder how on earth can the market continue to rise? Are people going to have to accept less for their money from now on?
I am also amazed by the London market, although for the majoirty of Londoners, the current situation imho is anything but pleasant.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards