Moneyweek calling the Big kahuna ...

michaels

lisyloo wrote: »

The article was about the UK as a whole and not just London and things are already very different between the two.

Moneyweek is notoriously bearish and all about selling magazines.

I did a free trail to see for myself and it was as bad as people say.

I don't believe that prices (outside of London) can continue to rise indefinitely. I don't think todays students with debts will be able to afford to buy their parents and grandparents homes.
London is a special case because of limited supply and the increasingly London centric nature of good jobs on recent years. I would agree that it will continue to be incredibly popular - but don't forget the rest of the UK where some parts haven't seen the same appreciation.

I would have thougth if an area hadn't risen strongly then it is less likely to be unaffordable and if it had then there was a good chance that a deposit at least could be handed down to children/grandchildren.

Except in London where inheritance tax would come into play - although that is also geting pushed back to the sort of levels where avoidance kicks in.

ReadingTim

Generali wrote: »

I didn't get far through the article I confess but I think the answer they are looking for is "No".

AKA Betteridge's law of headlines

lisyloo

and if it had then there was a good chance that a deposit at least could be handed down to children/grandchildren.

This comes up a lot.
If you are lucky enough to be long lived then the money will go on care home fees and you'll likely be over 50 before you inherit.
That's not made up that's real.

Houses are cheaper outside London but the pay is lower too.

I would agree with you that London is more unafforable, but that doesn't mean that other parts of the country (where jobs exist) are affordable - for many they aren't and that's why people rent.

caronoel

lisyloo wrote: »

I did a free trial to see for myself and it was as bad as people say.

Moneyweek is certainly a lot softer than Andrex, but not quite as good as Cushelle

ukcarper

lisyloo wrote: »

This comes up a lot.
If you are lucky enough to be long lived then the money will go on care home fees and you'll likely be over 50 before you inherit.
That's not made up that's real.

Houses are cheaper outside London but the pay is lower too.

I would agree with you that London is more unafforable, but that doesn't mean that other parts of the country (where jobs exist) are affordable - for many they aren't and that's why people rent.

The things is people are buying property where I am decent property does not stay on market for more than a couple of weeks.

lisyloo

The things is people are buying property

The "haves" are buying property.
There are a lot of people who can't buy.
I don't disagree with you that the relatively small amount of supply that comes up is taken quickly.

Gavin234

padington wrote: »

http://moneyweek.com/is-the-uk-property-market-facing-an-18-year-slump/

Yes 18 years, it's true

ukcarper

lisyloo wrote: »

The "haves" are buying property.
There are a lot of people who can't buy.
I don't disagree with you that the relatively small amount of supply that comes up is taken quickly.

That's the point I'm making if there is limited property available you only need the better off to buy to maintain prices. There could be a rush of BTL landlords selling which would effect prices but I'm not sure that will happen and if it does I suspect that there are enough people who are just priced out now to limit falls.