Ownership amongst the young

ukcarper

economic wrote: »

the prices are expensive in some areas - but there are reasons for this. prices are not ridiculous.

Depends how you define ridiculous,

economic

ukcarper wrote: »

Depends how you define ridiculous,

ridiculous = crazy = bubble territory

we are nowhere close to a bubble in london IMO.

ukcarper

economic wrote: »

ridiculous = crazy = bubble territory

we are nowhere close to a bubble in london IMO.

Might be in a few small areas.

economic

ukcarper wrote: »

Might be in a few small areas.

maybe in prime central london. but thats about it. and thats not exactly a market most people aim to buy in.

ukcarper

economic wrote: »

maybe in prime central london. but thats about it. and thats not exactly a market most people aim to buy in.

Agree but it's possible for property to be unaffordable but not in a bubble, as you said supply and demand.

economic

ukcarper wrote: »

Agree but it's possible for property to be unaffordable but not in a bubble, as you said supply and demand.

unaffordable to some yes but then thats always been true. maybe its gotten worse now given the price rises - i agree. however it is what it is, people just have to suck it up. theres no housing crisis though. it sjust made up by the government/media.

ukcarper

economic wrote: »

unaffordable to some yes but then thats always been true. maybe its gotten worse now given the price rises - i agree. however it is what it is, people just have to suck it up. theres no housing crisis though. it sjust made up by the government/media.

It has gotten worse and many more can't afford to buy. I agree it is what it is and I think changing it will be extremely difficult. What is needed is more property but the infrastructure in many parts of Home Counties is at breaking point.

Jon_B_2

economic wrote: »

you can do all that whilst renting. if someone cant afford to buy and wants to live in an area, they rent. simple. if they cant even rent there are benefits. there are not huge amounts of homeless people are there?

It's not that simple though. I bought a new build a couple of years ago and my mortgage is £855/month. The equivalent rent is £1,100/month.

The whole market is currently FUBARED.

economic

Jon_B wrote: »

It's not that simple though. I bought a new build a couple of years ago and my mortgage is £855/month. The equivalent rent is £1,100/month.

The whole market is currently FUBARED.

i had to google what u meant by FUBARED.

anyway i dont see how you think it is FUBARED. you bought into it if you really believe so. so why did you?

Crashy_Time

chucknorris wrote: »

I think we all know who talks the nonsense Crashy :rotfl: . I never claimed that we sold them at peak prices, I think they were probably very slightly higher last Summer. If I was younger, I would rather have remained involved with what you call the Ponzi debt, but this afternoon I just placed £300k in a Sainsburys savings account earning a mere 1.05%, it makes me feel like a mug. Even worse that that my wife has much more than that in cash paying about the same rate. I know that you think it is smart to hold lots of cash, but it isn't.

Why wouldn't I be on here, I'm busy marking at the moment and I can't stand marking for much more than an hour at a time, so this provides light entertainment during short breaks from marking.

Been "Marking" every day since 2008 have you....:rotfl: Pull the other one.