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Debate House Prices
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Corbynomics: A Dystopia
Comments
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The buyer would face some overheads and would not be able to pay interest only. I repeat who is going to lend these people the money.Yes.
Are you suggesting the council buy it for £105 a month and rent it out for £105 per month? It doesn't work like that. The council adds overheads. I'm just on my phone so I don't have the ONS spreadsheet so just going off memory it's something like £400pm for the average social flat. So you can think of it as £300pm overheads
Also it wouldn't even cost £105 a month for the governments to buy homes. It would cost a lot less they are more likely to be paying 1% on the interest in which case a £80k home would only be about £67 a month in interest. Sounds silly but economically speaking why not just buy a £80k home off an estate agent and put a social tenant in it. £67 a month cost vs £400pm to keep them on a social home. The social home costs also rise each year. Think of it as a social tenant using their right to buy discount to buy a private house and leave their social home.
You are looking at less than 18 years for the government to recoup that money in lower benefits (or sell the social home to pay for it) You also give a poor person an asset and help their family with an inheritance once they die. Surely better than perpetual intergenerational on the benefits0 -
For a start east includes Essex most if not all the other regions have expensive areas what you are saying is in just because Stoke is cheap all of the West Midlands.
Have I got this right. You now conceded that the regions I listed are very affordable but that maybe 10% (by housing stock) of the towns and cities within those regions are outliers that are not very affordable?
So 90% of the 75% of the UKs hisuing stock is very affordable?
If so I agree and well done you now see the housing situation much cleaner than before
PS. Your outliers also apply on the downside0 -
Yes you can buy a house in Stoke not much good if you live in Evesham or Stratford. I say yes there are places in those regions where prices are affordable to low paid but only parts not the who region.Back to talking to a brick wall.
Which of these regions are unaffordable?
Scotland. NI. Wales. NE. NW. W-Midlands E-Midlands. SW. Y&H. East? Those regions represent about 75% of the population and housing stock of the UK and all those regions are affordable. Do you disagree?0 -
In the south east I think not.
I provided a Rightmove link to show otherwise. Change your thinking,I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
you can buy a house in Stoke not much good if you live in Evesham or Stratford
What kind of brain rot is this? If you buy a house in Stoke then you live in Stoke! People are allowed to move!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »I provided a Rightmove link to show otherwise. Change your thinking,
One swallow doesn't swallow doesn't make a summer0 -
The buyer would face some overheads and would not be able to pay interest only. I repeat who is going to lend these people the money.
If you work you can get a mortgage. Long term unemployment in the UK is only 1% or about 300,000 people
Are you going to change your argument to 'well houses are affordable for people who have Jobs but they are unaffordable for people who don't have jobs so prices need to fall to make them affordae for jobless folk'?0 -
You don't think there is a reason why cheap areas are cheap then.gadgetmind wrote: »What kind of brain rot is this? If you buy a house in Stoke then you live in Stoke! People are allowed to move!0 -
Yes you can buy a house in Stoke not much good if you live in Evesham or Stratford. I say yes there are places in those regions where prices are affordable to low paid but only parts not the who region.
Cars and transport exist people don't need to buy in place x if place x is an outlier and expensive in their region.
Either way. You must surely accept that if the region average price looks affordable at least 50% of that region must be very affordable? And more likely 90% with 10% or so as outliers.
On the other hand expensive regions will have affordable outliers on the downside.0 -
If you work you can get a mortgage. Long term unemployment in the UK is only 1% or about 300,000 people
Are you going to change your argument to 'well houses are affordable for people who have Jobs but they are unaffordable for people who don't have jobs so prices need to fall to make them affordae for jobless folk'?
No I'm still saying that in large parts of the country property is unaffordable to people on low wages. Just because parts of a region are affordable it doesn't mean that everywhere in that region is affordable.0
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