Will there really be a crash?

GreatApe

ukcarper wrote: »

We gone though all this before and that is not how it works in real world. The increase was small and we do not know if it will be maintained. Average life expectancy 83 average age to have first child 80 years ago 23 so thier children are 60.

What percentage of UK born brits rent privately for more than 10 years of their life?

If that figure is below 15% would you concede there is no affordability problem?

What if I suggested the figure is actually closer to ~5% ?

Herzlos

Are you considering all the adults that still live at home as renters?
Or that the average age for first time home buyers is increasing?

triathlon wrote: »

Buying property is my hobby, and the good eating, holidays, wine and women that come with it, could not get any better thank you

Sounds like s/he was right.

GreatApe

Herzlos wrote: »

Are you considering all the adults that still live at home as renters

If the house they live in is rented privately yes, if it is owned then no. This has been the measure historically too.

Or that the average age for first time home buyers is increasing?

This is to be expected as the average age of schooling has gone up so much. My father left school age 15 I left age 21 that is a 6 year difference

ukcarper

GreatApe wrote: »

What percentage of UK born brits rent privately for more than 10 years of their life?

If that figure is below 15% would you concede there is no affordability problem?

What if I suggested the figure is actually closer to ~5% ?

As I said you are looking at the past.

lookstraightahead

triathlon wrote: »

Buying property is my hobby, and the good eating, holidays, wine and women that come with it, could not get any better thank you

Do you think you're more attractive to women because of the money you have, and if so, doesn't that worry you? Urghhhh

GreatApe

ukcarper wrote: »

As I said you are looking at the past.

I know you dont quite understand this but you should put more effort into it as it explains a lot

Private renting is a transitional tenure it always has been and it always will be. In the same way unemployment is a transitional state.

If the uk has 1 million unemployed today and the unemployment rate is still 1 million this time next year that is not the same million people unemployed in fact some 80% of the 1 million unemployed in September 2018 are not in the 1 million unemployed in September 2019

So while the headline future might be that 20% rent privately, its always different people the more important figure is the number that rent privately long term and that figure is not 20% it is closer to 5%

In the same way that the headline 4% unemployment figure is not that meaningful whats more important is the figure for unemployed for more than 6 months which is closer to 1.5%

Do you see what I am getting at?

GreatApe

lookstraightahead wrote: »

Do you think you're more attractive to women because of the money you have, and if so, doesn't that worry you? Urghhhh

Men with more money are attractive not necessarily because of the money but because of the other things that you need to be able to accumulate money. Generally intelligence & hard work and an ability not to waste it

That is not the surprising or odd the surprising odd thing is that men are so thick they dont think the same about woman. 90%+ of men dont care a dam about how rich or how good a job a woman has instead 90%+ of men care about how pretty a woman is above anything else.

We really are the dumber sex

lookstraightahead

Interesting GreatApe. I would also add though that you don't need to be 'intelligent' to make money. Sometimes the more emotionally switched on you are the harder it is to be wealthy. I have always questioned wealth and financial status in men/women as I need to know how they've made their money. There are a lot of very clever, emotionally savvy people out there who don't rate wealth (ie they wouldn't put it above their moral standing). Of course you can be all of those things and that's great, but it's not that common.

GreatApe

lookstraightahead wrote: »

Interesting GreatApe. I would also add though that you don't need to be 'intelligent' to make money.

On average this is false if you are dim and rich you are often parted with your money as you get swindled or spend it on stupid things/people just look at some lotto winners. You need to be somewhat smarter than the average person certainly it would be hard to keep hold of wealth if you are somewhat dimmer than the average person.

Sometimes the more emotionally switched on you are the harder it is to be wealthy. I have always questioned wealth and financial status in men/women as I need to know how they've made their money. There are a lot of very clever, emotionally savvy people out there who don't rate wealth (ie they wouldn't put it above their moral standing). Of course you can be all of those things and that's great, but it's not that common.

Being smart does not guarantee success or riches but being dumb almost certainly guarantees that you won't be

Rich people should be seen as attractive by both sexes but almost all men pay no heed to a womans earnings or wealth. When you meet someone new its not easy to say 'are you smart hard working and good with money' even if you did the answer might be fake or is subjective so looking at money would be a gauge of telling if someone is those things maybe not perfect but a decent correlation. Certainly if I had a daughter and she met a man and told me he was wealthy that would put my mind more at ease than if she said he was skint and the same would apply if I had a son and he met someone wealthy vs skint

Of course the risk is the rich person does not want to be used but imo that is rarer than people imagine (intentionally). Plenty of rich people get divorced and or used but that is because plenty of all groups of people get divorced and or used.

ukcarper

GreatApe wrote: »

I know you dont quite understand this but you should put more effort into it as it explains a lot

Private renting is a transitional tenure it always has been and it always will be. In the same way unemployment is a transitional state.

If the uk has 1 million unemployed today and the unemployment rate is still 1 million this time next year that is not the same million people unemployed in fact some 80% of the 1 million unemployed in September 2018 are not in the 1 million unemployed in September 2019

So while the headline future might be that 20% rent privately, its always different people the more important figure is the number that rent privately long term and that figure is not 20% it is closer to 5%

In the same way that the headline 4% unemployment figure is not that meaningful whats more important is the figure for unemployed for more than 6 months which is closer to 1.5%

Do you see what I am getting at?

I understand what you are trying to say but as I said fewer people are in a position to buy and just because in the past people moved from private rental to buying it does not follow that that will still happen. Of course prices could fall in relation to earnings and more people will be able to buy. There is a problem and everybody apart from you seem to be able to see it.