House Prices Up....

TrickyTree83

economic wrote: »

its interesting - people complaining about high house prices is just another affect of the inequality rising and the anger rising too - driving things like brexit and the rise of the 3rd party.

will we see sometime in the near future a more radical government in the western world that would help the less fortunate by perhaps bringing in even more harsh tax and controls to property?

Not with tax.

Perhaps with property.

Radical in what way? Certainly not the left wing liberals. They've been mugging people off for decades and the people have just thrown a haymaker right back at them.

MoonJelly

AnotherJoe wrote: »

Do you know what "everybody" means?

And where do you see happiness ?

No need to get sarcastic. I have been reading a couple of threads in this forum and most people seem happy to see the price of house rise up or at least stay at the level they are now. While I understand that a good number of people see property as an investment I also see growing numbers of people unable to afford even a starter flat.

Maybe I misunderstood the posts but I am tired of reading those celebrating the fact the Brexit is actually helping keep the prices up.

AnotherJoe

MoonJelly wrote: »

No need to get sarcastic. I have been reading a couple of threads in this forum and most people seem happy to see the price of house rise up or at least stay at the level they are now. While I understand that a good number of people see property as an investment I also see growing numbers of people unable to afford even a starter flat.

Maybe I misunderstood the posts but I am tired of reading those celebrating the fact the Brexit is actually helping keep the prices up.

I think there was when you implicitly criticised most posters in the thread. You said "why is everybody happy.." when at least one person specifically said they weren't happy, and i didn't see anyone say they were happy that prices had gone up.

I'm sure a few, myself included, are happy to see egg-on-face for the HPC clowns. But that doesn't mean they want prices to rise.

As another poster pointed out, stating that reality is such and such, doesn't mean you would prefer that.

HPC [STRIKE]clowns[/STRIKE] proponents, by and large, are unable to accept that someone can think prices will go up, and yet not be in favour of that.

Can you even point to a single post celebrating that house prices have gone up except in the context of "HPC clowns got it wrong again" or "Project Fear proponents got it wrong"?

So to summarise, I do think you have misunderstood the posts.

lisyloo

MoonJelly wrote: »

I also see growing numbers of people unable to afford even a starter flat.

Do you mean unable to afford a starter flat in areas they would like without putting themselves out (like getting an evening or weekend job).
There are starter flats around for £100k which a couple ought to be able to afford if they put their mind to it.
Obviously these aren't in Kensington and Chelsea but people have almost always had to make sacrifices to get on the ladder.
My parents lived with their parents after they were married to save up. I wouldn't fancy that but that's how it was in the 60's so it's pretty much always been the case that people have had to make sacrifices.

Are the people you know making sacrific like no holidays, second jobs, living with parents etc. Or just moaning that it's not as easy as they want it to be.

If you came here for any sympathy I'm afraid you will find you didn't come to the right place.

MoonJelly

lisyloo wrote: »

Do you mean unable to afford a starter flat in areas they would like without putting themselves out (like getting an evening or weekend job).
There are starter flats around for £100k which a couple ought to be able to afford if they put their mind to it.
Obviously these aren't in Kensington and Chelsea but people have almost always had to make sacrifices to get on the ladder.
My parents lived with their parents after they were married to save up. I wouldn't fancy that but that's how it was in the 60's so it's pretty much always been the case that people have had to make sacrifices.

Are the people you know making sacrific like no holidays, second jobs, living with parents etc. Or just moaning that it's not as easy as they want it to be.

If you came here for any sympathy I'm afraid you will find you didn't come to the right place.

No everybody can live with mum and dad. Everybody I know who has bought a place they've had either help from the bank of mum and dad or have been able to live with them while saving. I am not looking for sympathy simply stating that there is a lot of people out there whose circumstances are not straight forward. People who have gone through divorce (split of capital), death of a spouse or caring for sick relatives, etc. I cared for my sick mum as long as I could and yes, it affected my income.

Prices in my area in the North West are really high which is why I am not even thinking of buying around here. What I can afford is well over an hour driving (although I take the bus or ride a bicycle since I don't drive). I am looking for a job in a cheaper area but it hasn't happened yet. But I am trying. I am willing to relocate but I need a job there first.

Jack_Johnson_the_acorn

MoonJelly wrote: »

No everybody can live with mum and dad. Everybody I know who has bought a place they've had either help from the bank of mum and dad or have been able to live with them while saving. I am not looking for sympathy simply stating that there is a lot of people out there whose circumstances are not straight forward.
People who have gone through divorce, death of a spouse or caring for sick relatives, etc.

Oh well. Never mind.

Genuine question.

Historically, Have these people been able to buy easily?

lisyloo

I agree not everyone's circumstances are ideal.
In general if you are going through a divorce of sacrificing salary for caring commitments etc. Or any other unideal set of circumstances then you wouldn't expect to be in a position to buy a house.

I do have some sympathy, but I'm not sure this is any different to how it's always been.

Loads of people (and I mean millions) commute more than 1 hour in London and the SE. This is because they can't afford an ideal house close to their job so they compromise. many compromise on their commute to gave a decent house for their family.

Do you think it has ever been really easy to buy a house? (Actually I do think it has but it was the exception and not the rule)

Conrad

lisyloo wrote: »

A number of commentators including nationwide have said the data is at odds with the signs.
The only sense that I can make of this is that it's a lagging indicators and other signs such as mortgage approvals may not be quite so lagging.

I've seen a marked uptick in interest in the market, people are getting on with their lives again. Prices will soar

lisyloo

I've seen a marked uptick in interest in the market

Are you an EA? or work in property? or are you just watching your local market?
Just interested in the context of your observation.
What's the scope of the area you are looking at?
It's at odds with some of the reported signs e.g. mortgage approvals down.


Yes good point, people and businesses cannot wait 2 years + for the outcome of the brexit negotiations to make decisions.


So clearly wherever you are looking there are plenty of people that CAN afford to buy.

worried_jim

I bought for £121k in 2003. They peaked at £189k in 2007 before dropping to about £155k. They are now going for £239k and they sell instantly.

We now have open days, the flat beneath me last summer had 9 viewings on one afternoon and the first couple offered the asking price on the doorstep before stepping inside (cash purchase) and it went to sealed bids- the same couple got it for £10k above asking price.

These flats are the cheapest place to buy around here (nr Brighton) without going to the grotty estates so its the starting place for anyone trying to get on the property ladder. Recently we are getting a lot of retired people down sizing and paying cash.

I get about four leaflets a week from the local estate agents desperate to sell my property and they literally have people already lined up.

Its crazy but i'm glad of got one. If I were to move back to Leicester I could get a decent four bedroom bungalow, or a two bedroom house and a place in a hot country- food for thought.