Do you want house price to rise or fall?

GreatApe

andrewf75 wrote: »

But I suspect we have a ticking timebomb on our hands now that there isn’t enough social housing. That 4% must be rising fast.

you would suspect wrong

2017 ownership increased, private renting fell
2018 data not out but quite likely the same again

Simply put there is no housing problem in the uk people just dont understand math and stats so confuse themselves

swindiff

As a house owner it does not really matter to me, but as a parent with kids who will find it extremely difficult to get on the housing ladder I would like to see them fall considerably.

andrewf75

GreatApe wrote: »

you would suspect wrong

2017 ownership increased, private renting fell
2018 data not out but quite likely the same again

Simply put there is no housing problem in the uk people just dont understand math and stats so confuse themselves

Not really basing my view on stats, more on real life situations of people I know. I understand stats very well – well enough to know that they don’t always tell the whole story.

I can’t believe anyone can state “there isn’t a housing problem in the UK”. Sounds to me like someone with a vested interest in not addressing it.

MobileSaver

andrewf75 wrote: »

Not really basing my view on stats, more on real life situations of people I know.

That's called anecdotal rather than factual...

andrewf75 wrote: »

I can’t believe anyone can state “there isn’t a housing problem in the UK”.

There isn't a "housing problem" unless your definition of problem is "FTBs cannot afford to buy nice new houses in nice areas without having to make sacrifices to their comfortable lifestyles."

andrewf75

MobileSaver wrote: »

That's called anecdotal rather than factual...

There isn't a "housing problem" unless your definition of problem is "FTBs cannot afford to buy nice new houses in nice areas without having to make sacrifices to their comfortable lifestyles."

Anecdotal doesn’t mean it’s not factual. The housing crisis is well known and frequently discussed. Complex of course, but you can't just dismiss it as not a problem. Yes, some FTB's do have unrealistic expectations but there is obviously more to it than that.

The only reason I can think that someone would deny its a problem is because they personally do well out of it - which of course many do and especially in this section of this forum so probably not the best place for the discussion.

MobileSaver

andrewf75 wrote: »

The housing crisis is well known and frequently discussed.

Yes, often discussed and every time it's debunked.

andrewf75 wrote: »

especially in this section of this forum so probably not the best place for the discussion.

An odd thing to say considering this is the Debate House Prices section of the forum.

andrewf75 wrote: »

Complex of course, but you can't just dismiss it as not a problem.

Around 100,000 properties are bought and sold every month and that's been consistent for years so please clarify what the "problem" is that I'm dismissing...

marcmc84

Peoples wages should be double for the prices they are today.

Thrugelmir

MobileSaver wrote: »

Around 100,000 properties are bought and sold every month and that's been consistent for years so please clarify what the "problem" is that I'm dismissing...

What's the relevance of this figure? I know someone with a portfolio of 65 properties. Plus others with smaller numbers.

MobileSaver

MobileSaver wrote: »

Around 100,000 properties are bought and sold every month

Thrugelmir wrote: »

What's the relevance of this figure? I know someone with a portfolio of 65 properties.

Unless you are saying that that person is buying and selling 65 properties every month then the relevance is that the figure is constant.

If transaction levels are consistently 100,000 every single month and have been for years then that would appear to be pretty conclusive evidence that there is no "housing problem" depending on what you actually mean by there being a problem of course.

However I am only hypothesizing as you, andrewf75 and others seem strangely reluctant to clarify what the "problem" actually is.

phillw

marcmc84 wrote: »

Peoples wages should be double for the prices they are today.

Which would really upset inflation figures, as everyone would have to raise prices to cover the wage increase.

Then rich people would see that workers can be squeezed for more rent, so they would be prepared to pay more for houses and you'd be in no better position.