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Debate House Prices
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A change in the way people own property?
Comments
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What I want to know is how many of the people who can't afford to buy a house actually have a car? One of the best ways to save money is to not buy a car. Even for a cheap second hand one you can get a lot of bus journeys out of a tank of petrol and the insurance cost. Unless the car costs under £1000 you also have to count the cost of depreciation.
It's a false equivalence; many people rely on a car to get to work, but can't use a hus.0 -
Windofchange wrote: »This is my feeling. If there is no price correction, family houses will remain out of the reach of the masses, and will be passed down to children who are claiming a pension themselves. Will there be any incentive for these people to sell up? I guess also for that particular person, they also then have their existing house which then leaves them with further excess - bit like worried Jim.
It seems that the current system keeps the growing families locked out from the perfectly-common large houses they need to house their families, as these selfsame houses are being (under)-used by empty-nesters/ retired couples/widows/widowers who need a fraction of the space.
It's absolutely crackers. Do other countries distribute their housing like this? Or do some places do it more sensibly?There is no honour to be had in not knowing a thing that can be known - Danny Baker0 -
What I want to know is how many of the people who can't afford to buy a house actually have a car? One of the best ways to save money is to not buy a car. Even for a cheap second hand one you can get a lot of bus journeys out of a tank of petrol and the insurance cost. Unless the car costs under £1000 you also have to count the cost of depreciation.
Low income people sometimes amaze me.
On new years eve I was out shopping and one of the staff asked me if I had anything planned and then continued to tell me his plans for that day. It was a trip with his GF to one of the central London buildings (I forget which one) to watch the fireworks have some food and stay in a hotel for one day. Cost nearly £1,000
This is someone who works for probably £8ph that £1000 is perhaps 2 months savings.
Why would anyone spend 2 months savings for one day out?
Likewise I remember someone telling me about their honeymoon 10 days in dubai for £15,000
That is fine if you earn good money but he was a low wage earner £20,000 a year income so in effect he paid a whole years post tax wages to have 'fun' for 10 days. So stupid
I also know a person who spent £6k on a second hand car, about £2k for insurance and £1k for a years parking. That is £9k just on the car + fuel. This is someone who lives less than 1 mile from where he works so only a 15 minute walk. I told him dont be silly you can buy a house and get out of renting. This was about 18 months ago. Prices have risen £23,000 in the area since then according to LR. Recently I saw him again and he is now trying to save to buy a house. He could have done it 18 months ago but now probably needs to spend another 2 years saving. If prices move another £23,000 up he would have lost close to £50,000 on house price movements + £10k+ on his car. That is £60k and 4-5 years lost all so he can say look I have a car rather than walking 20 minutes to work0 -
It seems that the current system keeps the growing families locked out from the perfectly-common large houses they need to house their families, as these selfsame houses are being (under)-used by empty-nesters/ retired couples/widows/widowers who need a fraction of the space.
It's absolutely crackers. Do other countries distribute their housing like this? Or do some places do it more sensibly?
I grew up in a council 2 up 2 down and shared a room with my brother.
The country is much better housed today than a generation ago.
The young just love to complain and pretend things were easy in the past.0 -
It seems that the current system keeps the growing families locked out from the perfectly-common large houses they need to house their families, as these selfsame houses are being (under)-used by empty-nesters/ retired couples/widows/widowers who need a fraction of the space.
It's absolutely crackers. Do other countries distribute their housing like this? Or do some places do it more sensibly?
Working on this basis the next step would be that all single people must move in with someone else or get married to free up some more housing?
Or are you just referring to social housing?0 -
What I want to know is how many of the people who can't afford to buy a house actually have a car? One of the best ways to save money is to not buy a car. Even for a cheap second hand one you can get a lot of bus journeys out of a tank of petrol and the insurance cost. Unless the car costs under £1000 you also have to count the cost of depreciation.
When i was in school i was taught about car loans but nothing about mortgages.
I would not be surprised to see people with cars and car loans yet complain they can not afford to buy a home.0 -
It seems that the current system keeps the growing families locked out from the perfectly-common large houses they need to house their families, as these selfsame houses are being (under)-used by empty-nesters/ retired couples/widows/widowers who need a fraction of the space.
It's absolutely crackers. Do other countries distribute their housing like this? Or do some places do it more sensibly?
Or perhaps families should be more sensible and decide to have kids according to current and future affordability. If there is zero chance in up sizing to a bigger home, why reproduce to have more kids then your house can support?0 -
Or perhaps families should be more sensible and decide to have kids according to current and future affordability. If there is zero chance in up sizing to a bigger home, why reproduce to have more kids then your house can support?
I would put that like this. Some people choose to have more children than they can afford to house. That is absolutely fine as long as other people's choices to stay in big houses when their children have left home are also respected. You can't allow only certain ages of a population to have lifestyle choices that affect the lifestyle choices of everyone else.0 -
How do you suggest we change that.It seems that the current system keeps the growing families locked out from the perfectly-common large houses they need to house their families, as these selfsame houses are being (under)-used by empty-nesters/ retired couples/widows/widowers who need a fraction of the space.
It's absolutely crackers. Do other countries distribute their housing like this? Or do some places do it more sensibly?0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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