Houses more affordable than 1970s

Graham_Devon

GreatApe wrote: »

Investing much time in a hpc is stupidity, investing years is madness, doubling down each and every year as most the longer term crash cheerleaders have done is just going to make them miserable and bitter

Is investing time in obsessing over other people on another forum a good use of time then?

Herzlos

Malthusian wrote: »

Someone on minimum wage however can study or train up to enter any industry they feel like without worrying about a temporary drop in pay. All they are risking is time.

If they have the time and money to do the training.

Nobody said it was easy, you made that up. GreatApe's point is that it is a more productive use of time than posting in an echo chamber of bitter incels and fantasising that a house price crash will give you everything you want.

He implied it, in a very Tory "just earn more" way.

I'm not disagreeing that spending 10,000's of hours on an internet forum is anything but a waste of time. There are almost infinite options there on better things to do - reading books, open university, exercising, and so on.


The only part I objected to was the idea that everyone has this magic ability to put in some more time to get a decent pay rise. Some can (including myself, if I can find longer days), but many if not most will struggle to do so.

GreatApe

westernpromise wrote: »

No. It's very simple. If home ownership were genuinely cheaper in the past, why was there less of it?

There is a confusion due to the words used

Homes were cheaper in the past (talking about the SE) but they were less affordable

If the price of a big Mac falls from a fiver to a pound but at the same time I lose my mind and become a homeless hillbilly although the big Mac is cheaper its now much less affordable

Affordability is what's important not price.
And homes are more affordable now than any other time in history.
Most homes cost £0 they get inherited or gifted directly or indirectly.
We are super lucky and super rich as a nation
Its true some people have it tough ( mostly standing from addiction or mental health problems) but even for them we are so rich we are able to have free housing free education free healthcare and yet those on the left still cry bloody murder and complain the system is !!!! and needs a revolution.

Everyone just stop and stare for a while we have it so so so good

westernpromise

GreatApe wrote: »

that £350 is at the extreme end of a very large housepricecrash that happens very quickly and also assuming very high interest rates that don't resemble today or likely reality and it also assumes that you call the market at the very top rather than waiting x years watching the market go higher and higher.

But what you miss completely is that you're not comparing or valuing your time take yourself for incense over 50000 posts how much time do you think you've dedicated to this cause maybe the equivalent of 4-5 full work years? Something like eight to Ten Thousand Hours?

They say it takes 10000 hours to become a master of anything. what have you become the master of for your 10000 hours of investment? do you not believe you could exceed £350 per month increase in income if you had soent 10000 hours improving yourself your knowledge skills in some other way??

10,000 hours of investment will yeild a good result for most people
But you've spent 10,000 hours becoming a master of house price crash predictions and analysis
How that's working out for you?

You know have two choices. Stop this nonsense and spend your next 10,000 hours of time improving your pay and wages and heath and wellbeing or spend another 10,000 hours getting a PhD in house price crash analysis. Which road do you feel is going to be the better road for you?

Or spend 10,000 hours doing a part-time minimum wage job. At £6.15 an hour you'd be 60% of the way towards the £105k imaginary benefit of perfectly timing a 30% price crash.

westernpromise

lisyloo wrote: »

Things have changed a great deal for women though.

Yes, tax treatment too - so unlike 1976 it would now be worth including their earnings and lending against those.

GreatApe

Graham_Devon wrote: »

Is investing time in obsessing over other people on another forum a good use of time then?

No it isn't the best use of time I agree I do tell myself that and I am aware of it but like a mild addiction I tend to take a hit once in a while. Its maybe smoking tabco for me and a heroin addiction for you.

but you are absolutely right so from one addict to another, have a nice day.

spadoosh

westernpromise wrote: »

No. It's very simple. If home ownership were genuinely cheaper in the past, why was there less of it?

Really simple. If property is more affordable now, why are the numbers of owner occupiers falling?

If you are thinking about what youre saying you need to explain better because i cant help but feel like youre queuing it up for me. I feel like im bullying you.

GreatApe

spadoosh wrote: »

Really simple. If property is more affordable now, why are the numbers of owner occupiers falling?

If you are thinking about what youre saying you need to explain better because i cant help but feel like youre queuing it up for me. I feel like im bullying you.

have a look at UK born figures and recent migrant figures for ownership and tenure and come back and tell me what you see

westernpromise

spadoosh wrote: »

Really simple. If property is more affordable now, why are the numbers of owner occupiers falling?

If you are thinking about what youre saying you need to explain better because i cant help but feel like youre queuing it up for me. I feel like im bullying you.

You think 64 is lower than 50?

That may be why you can't buy.

spadoosh

GreatApe wrote: »

have a look at UK born figures and recent migrant figures for ownership and tenure and come back and tell me what you see

Show me what you want me to look at and i will.

I tried googling "UK born figures and recent migrant figures for ownership and tenure" and im struggling to know exactly what youre wanting me to look at.

Migrants dont own?
UK born tend to although theyre getting older?
Youre more likelty to rent in london?


From what i can deduce from a source that im not sure if you want me to look at or not you want me to blame this on migrants?

Because it says they dont buy. Well less than half do. And 1.8 million additional homes for migrants over the last 18 years is only a fraction of the reason why prices have increased nearly 200% (accounting for inflation)