House prices going up now torys in charge?

Carl31

ruggedtoast wrote: »

The Tories really only care about their heartlands, that is now basically the South of England other than London.

Cameron offered some bromides about house building in his speech the other day, but they are meaningless. I believe there will be no change to housing policy in the UK. The tenancy reforms, regulation of landlords and protection for tenants that Labour were offering will not now happen.

This should mean that the SE continues for the timebeing as housing gets more stretched and the UK's economy becomes ever more London and Finance-centric.

There is no model for sustainable growth in the Tories economic policy. They want to cut taxes for already rich people, reduce benefits for the poor, slash public services even further, keep shelling out 2/3 of the welfare budget that remains on already affluent pensioners, and close the borders to 'foreigners'.

I personally wouldn't be betting on UK house prices in the long term purely because the UK is likely to become a pretty grim place to live again.

This election was a case of who was the least worst party to vote for imo. Tories were the best option, purely from a stability sense, but this was at the expense of the UK becoming a very expensive and separated place to live.

House prices wont go down now, that would jeapordise the UK credit rating which relies on high prices to make us safe for borrowing. Foreign investment is another revenue stream for the government, so nothing is going to be done to jeapordise that. More likely the UK is going to return to a renting country as it was 100 years ago

Problem with that of course is when us generation rent types reach retirement with no assets and sh!tty pensions that havent grown due to poor rates for so many years, and need care and help, as many are starting to do now, whos going to foot that bill? Its all very well encouraging house buying, but if you end up having to sell when you reach your 80s to pay for your care home place, whats the point? may as well not bother and let the state pay

Thrugelmir

Carl31 wrote: »

House prices wont go down now, that would jeapordise the UK credit rating which relies on high prices to make us safe for borrowing.

QE was the only way to keep UK banks afloat due to the UK's high debt exposure to mortgage lending.

Alter_ego

Carl31 wrote: »

may as well not bother and let the state pay

Great attitude Carl!

Carl31

Alter_ego wrote: »

Great attitude Carl!

Yeah, is a !!!! attitude. I am seeing first hand what the potential outcome could be in time, my Nan has had to go into a home, which has meant selling her house and diverting her penions to pay for the care, at £800 a week, it doesnt come cheap, hence I think housing is a bit of a sore point for me at the mo. All that hard work my Grandparents had to put it, as well as serving during the war, just getting eroded now, whilst others in that position are state supported. Im not bitter about it, but this is a problem thats only going to be more prevelant as time goes on, and others will have the same attitude

CLAPTON

Carl31 wrote: »

Yeah, is a !!!! attitude. I am seeing first hand what the potential outcome could be in time, my Nan has had to go into a home, which has meant selling her house and diverting her penions to pay for the care, at £800 a week, it doesnt come cheap, hence I think housing is a bit of a sore point for me at the mo. All that hard work my Grandparents had to put it, as well as serving during the war, just getting eroded now, whilst others in that position are state supported. Im not bitter about it, but this is a problem thats only going to be more prevelant as time goes on, and others will have the same attitude

why is she worse off than if she had lived in a council house?

(I can, of course, see why you might be worse off but her?)

novelty-socks

Nothing in their manifesto that suggests that they will influence prices directly either positively or negatively. .

No, but it's a fair assumption they will do whatever they can to keep prices going up, while simultaneously claiming to be helping people to buy homes.

(That's not meant as a Tory-specific criticism, by the way. I'm pretty sure Labour would have followed a similar path. This country needs hundreds of thousands of new homes building, to balance supply and demand, rather than gimmicks like Help to Buy and this crazy right to buy Housing Associations homes.)

wotsthat

Carl31 wrote: »

Yeah, is a !!!! attitude. I am seeing first hand what the potential outcome could be in time, my Nan has had to go into a home, which has meant selling her house and diverting her penions to pay for the care, at £800 a week, it doesnt come cheap, hence I think housing is a bit of a sore point for me at the mo. All that hard work my Grandparents had to put it, as well as serving during the war, just getting eroded now, whilst others in that position are state supported. Im not bitter about it, but this is a problem thats only going to be more prevelant as time goes on, and others will have the same attitude

You mean the state won't step in to protect your inheritance? It's a disgrace!

userjong

If they follow through with all the benfit cuts then some of the props holding up high property prices may come out.

If housing benefit gets cut significantly then rents will fall.

enjoyyourshoes

Canny property investors are snapping up homes in Cumbria and Northumberland in preparation of a Scottish Independence YES vote with Nicola at the helm. Full fiscal freedom, removal Barnet formulae for Independent Scotland.

ShAnE

Carl31 wrote: »

Yeah, is a !!!! attitude. I am seeing first hand what the potential outcome could be in time, my Nan has had to go into a home, which has meant selling her house and diverting her penions to pay for the care, at £800 a week, it doesnt come cheap, hence I think housing is a bit of a sore point for me at the mo. All that hard work my Grandparents had to put it, as well as serving during the war, just getting eroded now, whilst others in that position are state supported. Im not bitter about it, but this is a problem thats only going to be more prevelant as time goes on, and others will have the same attitude

It does suck that some have to lose their house/pay £100s or £1000s for care, but look at it this way if your Nan lives for 10 years and eats up all the money form the house sale / pension would you want her chucked out on the street? Because she can't afford care any more or would you prefer she is helped by the state?

BTW I do agree, I don't like that one person has to pay for something someone else gets for "free" but try to see it as someone else is getting an opportunity to live which they couldn't otherwise afford.

Of course if more and more people are forced to rent it'll be interesting to see how much the state will be able to help in future years.