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Debate House Prices
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Wow!
Comments
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I say that to people with 2 cars in the household.
They are polluting the environment making the lives of people with respiratory complaints miserable when they could only have one car.
They are likely amused at your faulty reasoning.
I've five vehicles in the house, but as I only use one of them at a time, I'm not casing any more pollution than if I had only one.
Given that many days I tend to use the small capacity scooter, rather than the 6.2 litre V8 coupe that I'd keep if I dropped to one vehicle, I'm actually polluting far less this way than I'd otherwise be.0 -
I say that to people with 2 cars in the household.
They are polluting the environment making the lives of people with respiratory complaints miserable when they could only have one car.
They are also using up a very valuable fossil fuel that has a limited supply. It's not impressive.
While I know you're being tongue in cheek here, you do actually raise a valid point. The uneven distribution of resources in our society (and more importantly on a global level) is a genuine problem imho. What to do about it is another matter entirely I grant you, as previous attempts to create a more equal society have in the main not ended particularly well (to say the least).0 -
True.
I was thinking more of BTL which I believe has blocked many from becoming owners due to driving up prices on FTB type properties.
Don't think BTL generates any wealth, just shifts it towards towards those that are already quite well off.
If the cash was invested in job creating ventures rather than property, the country would be a lot better off.
Whether that is the case or not, it's not fair to say that somebody buying one or two BTLs is making other people's lives miserable. For one thing government policy of surpressing interest rates while inflation ran relatively high drove people into BTL in order to protect their funds from erosion. Secondly the connection between somebody purchasing a BTL and another anonymous individual somewhere who may not be able to afford a FTB is remote and tangential, and no reasonable person could be expected to take that into account. Thirdy BTL has increased the stock of rented property which is a good thing. People are brainwashed into thinking that home ownership is the only way, but renting is better than accumulating unaffordable debt and then being in deep sh*t when interest rates rise.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 -
True.
I was thinking more of BTL which I believe has blocked many from becoming owners due to driving up prices on FTB type properties.
Don't think BTL generates any wealth, just shifts it towards towards those that are already quite well off.
If the cash was invested in job creating ventures rather than property, the country would be a lot better off.
As said often enough, BTL on PARTIALLY filled the social housing gap that was created from the governments RTB scheme.
BTL is therefore a solution to the shortage of rental homes in the country, it is not the problem:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »As said often enough, BTL on PARTIALLY filled the social housing gap that was created from the governments RTB scheme.
BTL is therefore a solution to the shortage of rental homes in the country, it is not the problem
Not quite true as BTL actually increases the demand for rental by "outbidding" potential owners and removing properties from owner occupier stock.0 -
100% tongue in cheek but the real point is such focus is placed on housing, BTL, interest rates etc... that there are much bigger issues that our society faces, some people need to get out more.While I know you're being tongue in cheek here, you do actually raise a valid point. The uneven distribution of resources in our society (and more importantly on a global level) is a genuine problem imho. What to do about it is another matter entirely I grant you, as previous attempts to create a more equal society have in the main not ended particularly well (to say the least).
We only have one car.0 -
Let me ask you yet [again].Not quite true as BTL actually increases the demand for rental by "outbidding" potential owners and removing properties from owner occupier stock.
You have a habit of making lots of claims but never backing them up.Have you got any proof that this is/was the case?0 -
100% tongue in cheek but the real point is such focus is placed on housing, BTL, interest rates etc... that there are much bigger issues that our society faces, some people need to get out more.
We only have one car.
Difference is that there is no limit to how many cars can be built. unlike housing which is restricted.0 -
Let me ask you yet [again].
You have a habit of making lots of claims but never backing them up.
What proof do you need? The stock of housing cannot keep up with demand due to building restrictions. The available stock can either go to OO or rental. Increase one and the other falls. As shortfall increases (in either sector) prices rise. Just maths really.0
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