Actual benefit of rising prices - a bulls view

Windofchange

Alright. So.

1) There is no moral problem with the market as it stands?
2) The market is functioning as a free market with supply and demand setting prices?

ukcarper

Windofchange wrote: »

Alright. So.

1) There is no moral problem with the market as it stands?
2) The market is functioning as a free market with supply and demand setting prices?

If it's not primarily a function of supply and demand perhaps you can explain why high hpi effects mainly London and the south east.

Personally I don't think the high hpi in London and the south east is a good thing but I'm not sure what morals has got to do with it.

Windofchange

Well, is it morally OK to divert investment and money to London as opposed to the UK as a whole? This one has already done the rounds in the press. Is it morally OK to sell blocks of flats to Singaporean and Chinese investors at the expense of our populous, or let dodgy Russian money course through the capital?

http://www.thisismoney.co.uk/money/mortgageshome/article-2394704/Foreign-investors-snap-70-new-build-homes-central-London.html

As mentioned earlier, there is no shortage in London. It doesn't exist. There is a shortage of affordable housing secondary to rampant HPI. Thing is, the affordable housing they are building is no affordable...

CLAPTON

Windofchange wrote: »

Well, is it morally OK to divert investment and money to London as opposed to the UK as a whole? This one has already done the rounds in the press. Is it morally OK to sell blocks of flats to Singaporean and Chinese investors at the expense of our populous, or let dodgy Russian money course through the capital?

http://www.thisismoney.co.uk/money/mortgageshome/article-2394704/Foreign-investors-snap-70-new-build-homes-central-London.html

As mentioned earlier, there is no shortage in London. It doesn't exist. There is a shortage of affordable housing secondary to rampant HPI. Thing is, the affordable housing they are building is no affordable...

of all newbuilds in london, what percentage are in 'prime locations'?

the population of london is increasing by about 100,000 per year
london builds about 30,000 units per year

westernpromise

Windofchange wrote: »

So the message basically is that ever rising house prices is good from what I have read here?

You've not understood what you've read at all.

For those saying there is no intentional supporting of the property market, how do you explain HTB? First time buyer ISA's? If the market isn't being inflated why are these 'supports' needed?

Do pensioners get free bus passes because bus fares are being inflated?

HAMISH_MCTAVISH

Windofchange wrote: »

As mentioned earlier, there is no shortage in London. It doesn't exist. There is a shortage of affordable housing secondary to rampant HPI. Thing is, the affordable housing they are building is no affordable...

Seriously - go back to HPC and wallow in confirmation bias over there - you won't find any sympathy here if you're not willing to discuss fact and economic reality.

It's already been explained to you in detail.

Supply and demand set prices. There is nothing else.

ukcarper

Windofchange wrote: »

Well, is it morally OK to divert investment and money to London as opposed to the UK as a whole? This one has already done the rounds in the press. Is it morally OK to sell blocks of flats to Singaporean and Chinese investors at the expense of our populous, or let dodgy Russian money course through the capital?

http://www.thisismoney.co.uk/money/mortgageshome/article-2394704/Foreign-investors-snap-70-new-build-homes-central-London.html

As mentioned earlier, there is no shortage in London. It doesn't exist. There is a shortage of affordable housing secondary to rampant HPI. Thing is, the affordable housing they are building is no affordable...

Those flats would not have been built without foreign money but if they were prices in prom London might be a bit lower but as they have always been they would be unaffordable to most people.

You haven't explained why HTB etc hasn't caused high hpi in most of the country.

Crashy_Time

HAMISH_MCTAVISH wrote: »

Seriously - go back to HPC and wallow in confirmation bias over there - you won't find any sympathy here if you're not willing to discuss fact and economic reality.

It's already been explained to you in detail.

Supply and demand set prices. There is nothing else.

Are you enjoying the HPC on your doorstep Hamish, or still pretending that a certain website is always wrong......:rotfl:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Ever rising prices... pretty much every purchasable item is ever increasing.
Where I live in the NW a good 3 bed semi will cost around £180k.
A small 3 bed semi around £135k.

That seems completely reasonable to me.

A mortgage with 10% deposit @ say 3% is less than £500pcm. Easily affordable for a working couple.

Too many people focus on London pricing. There's a reason that the most desirable and culturally exciting place is the most expensive place to live.

London?? You seriously need to get out more mate....:rotfl:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

London?? You seriously need to get out more mate....:rotfl:

You're the clown of this website you've been wrong about house prices for over 20yrs. I think people only reply to you now for the comedy value.

I'm 30 and close to being mortgage free. What's your circumstances again?