Do you want house price to rise or fall?

andrewf75

Jack_Johnson_the_acorn wrote: »

Whenever house prices drop it's people who already have money that benefit... Not 1st time buyers. The bank isn't exactly keen to lend money on a depreciating asset. 1st time buyers won't get a mortgage easily and homeowners aren't forced to sell when prices drop so you'll see even fewer properties on the market.

Also if house prices fall it will be because the economy is doing badly so first time buyers won't find it any easier.

I think the ideal is for prices to just stay fairly constant, so that they aren't used as an investment vehicle by speculators

Thrugelmir

andrewf75 wrote: »

Also if house prices fall it will be because the economy is doing badly so first time buyers won't find it any easier.

Not neccessarily. Redistribution of profits to wages and pensions is primarily helping those on the minimum wage. Middle income earners aren't benefitting to the same degree relatively.

lisyloo

Redistribution of profits to wages and pensions

I like reading and learning from your posts, but sometimes I have no idea of that which you speak :-)


Can you explain what you are referring to in this re-distribution?
Min wage? and autoenrollment?

Thrugelmir

lisyloo wrote: »

I like reading and learning from your posts, but sometimes I have no idea of that which you speak :-)


Can you explain what you are referring to in this re-distribution?
Min wage? and autoenrollment?

In essence yes. Companies are being forced to pay higher levels of wages and contribute to employees pension schemes. In paying higher levels of wages then other on costs are likewise increased. Such as holiday pay, maternity pay, sick pay, higher employers national insurance contributions etc.

For larger companies. Then this ripples out to other costs such as the apprenticeship levy and business interuption insurance for example. The latter being based on declared payroll costs.

As with any immediate increased business cost. The two options are to increase selling prices to customers or distibute less of profit to management and shareholders. In competitive market places raising significantly prices isn't always easy.

snowqueen555

Employers are getting their monies worth, any job that pays £20k and over asks for a hell of a lot of experience, and even entry level roles that pay £17k ask for the same.

It is an employers market, they get to call the shots and there is an endless supply of workers.

Mr.Anderson

Rise until I sell then fall quickly before I buy would be nice! I spent years waiting for them to fall before finally biting the bullet and buying. I kind of assumed at some point they would have to fall, they just never really seemed to, and there's only so long you can wait.

GreatApe

snowqueen555 wrote: »

Employers are getting their monies worth, any job that pays £20k and over asks for a hell of a lot of experience, and even entry level roles that pay £17k ask for the same.

It is an employers market, they get to call the shots and there is an endless supply of workers.

You are stick in some fictional model that does not exist.

The workforce is not employer vs employee and it has never really been that way

Something like half the workforce is self employed or work for a mico company (often just a handful of workers and often their own family or even single person companies)

Then something like 20% work for the government.

So only around 30% work for medium to large private companies

If you are not happy with the pay on offer join the 50% that work for themselves or mico companies or start your own business or move into the government workforce. The least productive thing you can do is moan that employers dont pay more.

zippygeorgeandben

I hope they fall dramatically.

snowqueen555

GreatApe wrote: »

If you are not happy with the pay on offer join the 50% that work for themselves or mico companies or start your own business or move into the government workforce. The least productive thing you can do is moan that employers dont pay more.

I think it's a a shame we can't criticise current market forces without being called moaners.

Same argument with rising house prices, Just find a better paying job and save more is what you would probably say as well. I am trying.

lisyloo

I think it's a a shame we can't criticise current market forces without being called moaners.

You are free to criticise/debate but moaning is exactly what it is isn't it?
One interpretation of market forces is other people competing with you, so you are effectively moaning that other people are doing better than you.


I think the point about least productive thing is that you could instead spend the time trying to improve your lot whether that is getting more qualifications, experience, looking for a better job or reviwing your budget.


Even if moaning (about your extremely lucky circs) did get you any sympathy (unlikely) it won't actually improve anything.