Are the property bears relieving themselves in the woods ?

Jason74

Blacklight wrote: »

Obviously you have no desire to downsize and retire any time soon, or don't have any dependants inheritance to think about. A tiny minority of home owners share your sentiment for falls in prices.

As it happens, no, I’m not yet thinking in terms of inheritance for dependants etc. , and have other investments that will be used to fund my retirement (as should everyone of course). But in truth, the first of those points at least is largely irrelevant anyway. The issue with high house prices is that they make it harder for young people to own their own home independently. Any “gain” that any future children of mine make from a rise in the value of my home will be cancelled out by the extra cost of them buying their first home in the first place (and that’s true whether they have to find more money themselves, or if they were to get some of their “inheritance” early in order to get them on the ladder).

And it’s interesting that understanding of the above facts are gaining traction. There’s a good link at http://www.housing.org.uk/media/press-releases/parents-in-england-fear-children-wont-afford-roofs-over-their-heads-in-future/ , that shows that eight out of ten parents are worried about the impact of rising house prices on their children. This is a good example of how more and more people (including more and more homeowners) are realising that house prices going up and up for ever really isn’t a good thing in terms of long term social opportunity and cohesion.

Bubble_and_Squeak

Jason74 wrote: »

As it happens, no, I’m not yet thinking in terms of inheritance for dependants etc. , and have other investments that will be used to fund my retirement (as should everyone of course). But in truth, the first of those points at least is largely irrelevant anyway. The issue with high house prices is that they make it harder for young people to own their own home independently. Any “gain” that any future children of mine make from a rise in the value of my home will be cancelled out by the extra cost of them buying their first home in the first place (and that’s true whether they have to find more money themselves, or if they were to get some of their “inheritance” early in order to get them on the ladder).

And it’s interesting that understanding of the above facts are gaining traction. There’s a good link at http://www.housing.org.uk/media/press-releases/parents-in-england-fear-children-wont-afford-roofs-over-their-heads-in-future/ , that shows that eight out of ten parents are worried about the impact of rising house prices on their children. This is a good example of how more and more people (including more and more homeowners) are realising that house prices going up and up for ever really isn’t a good thing in terms of long term social opportunity and cohesion.

high house prices also have an impact on the general economic health of the country as a whole. people can't easily move around to take advantage of career opportunities so may stay in a job they're not suited to. also, money that could have been invested in starting a business is instead invested in property. maybe these are two of the reasons why the uk is currently suffering from stagnant productivity growth.

shortchanged_2

Bantex wrote: »

Wouldn't it be better if ones children could have less expensive housing now rather than waiting for their parents to die to get a lump sum when they are too old to enjoy it?

Just a thought.

Just think how much spare cash most would have if you could house a family for £400 per month.

And what if said parents have to spend the remainder of their lives in a nursing home so the local authority end up getting the bulk of the said inheritance.

Bantex_2

shortchanged wrote: »

And what if said parents have to spend the remainder of their lives in a nursing home so the local authority end up getting the bulk of the said inheritance.

So lower house prices would avoid that.

Thrugelmir

Bubble_and_Squeak wrote: »

maybe these are two of the reasons why the uk is currently suffering from stagnant productivity growth.

Who wants to work hard when borrowing money does it for you?

padington

I smell bear poo

Thrugelmir

padington wrote: »

I smell bear poo

There's money to be made from poo.

kabayiri

padington wrote: »

I smell bear poo

You need to keep your nose away from the derrieres of bears then.

padington

kabayiri wrote: »

You need to keep your nose away from the derrieres of bears then.

It's hard, some of them are full of it.

padington

Bantex wrote: »

Why do some people dislike others who would like to see housing more affordable?

Bulls don't dislike the idea of affordable housing per se, they just don't believe housing will become affordable any time soon.

Which it won't.