We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
House price rise boosts British wealth
Legacy_user
Posts: 0 Newbie
Comments
-
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
-
mrlegend123 wrote: »mrlegend123 wrote: »
Lots of things are inreresting. Do you have some point to make?Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
its should be obvious that houses just by their sheer number are a larger stock of capital than other things (like cars or TVs or offices or roads or port or...)0
-
The wealth has been artificially created by central bankers. The housing market has been manipulated. That's my point.....
It is imaginary wealth. The housing market is worth more than the stock market.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
mrlegend123 wrote: »The wealth has been artificially created by central bankers. The housing market has been manipulated. That's my point.....
It is imaginary wealth. The housing market is worth more than the stock market.
There are approximately 3 million more homes in the UK today than there was in the year 2000. Is that imaginary too?0 -
Eh..... What are you on about cells? How is that related to my post?
On the housong supply side, housing completions have been manipulated to maintain or create wealth.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
*housing
Explain cells pleaseThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
mrlegend123 wrote: »
Woohoo - imagine if house prices were to double again we could all take the next 3 years off work
I think....0 -
There are approximately 3 million more homes in the UK today than there was in the year 2000. Is that imaginary too?
Did you catch the despatches programme on C4 this week?
It examined these numbers, specifically the 100k pledge from the government in 2011.
You've got two sets of data
1. The government figures
2. The reality
The government figures simply assume that the houses that could be built on land sold by the MOD have been built. Indeed, they even included land that was already sold and already developed for other purposes (a boat yard for example was counted as something like 14 houses, where not a single house stands). They then assume that the footprint = x houses, regardless of the actual number (if any) houses built.
So in one case, the government figures stated 16 houses have been built. Standing right outside of those houses, you see 3 have been built. 3 very plush, very large, gated houses. There was simply room for 16, so 16 are counted.
The reality suggests out of the 100k homes, 1,650 will actually come to fruition.
So depending on where you get your 3 million new houses from, you could be wildly out. And a finger in the air guess suggests you are. 3 million new houses would require infrastructure equaling about 2-3 new Birmingham cities. Clearly that hasn't happened.0 -
mrlegend123 wrote: »It is imaginary wealth. The housing market is worth more than the stock market.
No, it's real wealth. I assume you're an active house hunter and you'll know therefore just how real it is.
It may rise and and it may fall but if you're waiting for a new monetary system before buying you'll be renting a long time.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards