"Housing Market Slumps"

economic

seriously people, can you not understand house prices are set by supply and demand? what do you think its set by? artificially elevated to make the rich richer? give me a break seriously. i really can not believe how dumb people are.

sure house prices have risen and more people cant afford hence home ownership has fallen but its not the end of the world now is it? theres always the option to rent. and home ownership used to be lower then now before.

whats this debate even about?

ukcarper

economic wrote: »

seriously people, can you not understand house prices are set by supply and demand? what do you think its set by? artificially elevated to make the rich richer? give me a break seriously. i really can not believe how dumb people are.

sure house prices have risen and more people cant afford hence home ownership has fallen but its not the end of the world now is it? theres always the option to rent. and home ownership used to be lower then now before.

whats this debate even about?

There used to be more council houses. As prices are set by supply and demand and the majority are priced out and the number of people priced out is growing there is a shortage.

GreatApe

Windofchange wrote: »

It just goes to show how little attention you pay to anything that doesn't agree with your rose tinted view of the world. I just posted a link to a BBC article from last year stating that we are 10,000 nurses short in London, and it didn't even register. This is why people on this thread are growing so tired of you. You just state some made up nonsense and then when someone replies with a fact you just ignore it because it doesn't agree with your viewpoint. Notice it isn't just me who is calling you out on this.

Before you go on about trying to sell newspapers etc, it is based on figures from the royal college of nursing. So, when you say that there is no shortage you are wrong. Not that you'll admit that of course, but there you go.

OK there is a shortage of nurses

How long will it take for this shortage of nurses to result in London house prices crashing?

economic

GreatApe wrote: »

OK there is a shortage of nurses

How long will it take for this shortage of nurses to result in London house prices crashing?

wont make a difference. nurses can always rent innit.

economic

ukcarper wrote: »

There used to be more council houses. As prices are set by supply and demand and the majority are priced out and the number of people priced out is growing there is a shortage.

whats your point?

GreatApe

ukcarper wrote: »

There used to be more council houses. As prices are set by supply and demand and the majority are priced out and the number of people priced out is growing there is a shortage.

What?

Falling ownership level is proof of a shortage (or did you mean proof of unaffordability)?

That definition makes no sense as ownership has been falling even in the cheapest regions of the UK.

Windofchange

GreatApe wrote: »

That definition makes no sense as ownership has been falling even in the cheapest regions of the UK.

And there we have it. Ownership is falling everywhere. Either people have decided they don't want to own, or they can't afford to own. If it is the latter then do we not have a bit of an issue in terms of sustaining this into the future without a significant correction?

economic

Windofchange wrote: »

And there we have it. Ownership is falling everywhere. Either people have decided they don't want to own, or they can't afford to own. If it is the latter then do we not have a bit of an issue in terms of sustaining this into the future without a significant correction?

i noticed that since you first posted on this thread, your balance on your virgin CC and student loan hasnt come down. should you be getting a move on in reducing this rather then wasting time coming up ways to fit your confirmation bias?

ukcarper

GreatApe wrote: »

What?

Falling ownership level is proof of a shortage (or did you mean proof of unaffordability)?

That definition makes no sense as ownership has been falling even in the cheapest regions of the UK.

Why do you think levels of ownership are falling, people just don't want to buy?

ukcarper

economic wrote: »

i noticed that since you first posted on this thread, your balance on your virgin CC and student loan hasnt come down. should you be getting a move on in reducing this rather then wasting time coming up ways to fit your confirmation bias?

I can see why he hasn't paid it off can't you?