At what point do you just swallow your pride and admit you was 100% wrong

smipsy

for someone who is supposedly "well off and safe" and who "made the right decisions" you have a rather unhealthy obsession with HPC and what they think/dream/desire

Intoodeep

Hopefully on Friday this individual will be doing just that (admitting HE IS WRONG)

MaxiRobriguez

Intoodeep wrote: »

Hopefully on Friday this individual will be doing just that (admitting HE IS WRONG)

About what? The state of public services? That inequality is growing? That how people from this country do in life is generally based on their class? He may not be perfect but a lot of his views resonate. It's a shame the alternatives don't give a stuff about the people and are driven by the thirst for power and wealth rather than the common good.

Anyway, house prices will continue to remain elevated for a while so long as interest rates are low, but at some point something has to give because the millenials just about get onto the housing ladder but are stuck at rung one because they cannot borrow enough to afford the next step up, regardless of interest rate. House prices may stay elevated for another twenty years or so but when the millenials start inheriting the boomers houses then there will be selling pressure regardless of how low interest rates are at that point.

If there's a sustained interest rate rise on the back of unexpected inflation then all bets are off.

kinger101

MaxiRobriguez wrote: »

About what? The state of public services? That inequality is growing? That how people from this country do in life is generally based on their class? He may not be perfect but a lot of his views resonate. It's a shame the alternatives don't give a stuff about the people and are driven by the thirst for power and wealth rather than the common good.

If he actually gave a toss about any of this, he'd have stood aside a long time ago and given someone else a shot at becoming a Labour prime minister. We're getting a hard-brexit Tory government because Corbyn is morally bankrupt. He knows he's unelectable, but would rather Labour remained whining impotently in opposition that hand the labour leadership to a credible candidate.

Cakeguts

MaxiRobriguez wrote: »

About what? The state of public services? That inequality is growing? That how people from this country do in life is generally based on their class? He may not be perfect but a lot of his views resonate. It's a shame the alternatives don't give a stuff about the people and are driven by the thirst for power and wealth rather than the common good.

Anyway, house prices will continue to remain elevated for a while so long as interest rates are low, but at some point something has to give because the millenials just about get onto the housing ladder but are stuck at rung one because they cannot borrow enough to afford the next step up, regardless of interest rate. House prices may stay elevated for another twenty years or so but when the millenials start inheriting the boomers houses then there will be selling pressure regardless of how low interest rates are at that point.

If there's a sustained interest rate rise on the back of unexpected inflation then all bets are off.

Where can't they get onto the housing ladder? London is not all of the UK. In most of the UK millenials can get onto the housing ladder it is only London where it is difficult. There is an argument to be made for people not trying to buy in an area that is too expensive for what they are going to earn in life.



You will find that the people who have got onto the housing ladder have been realistic about where they can afford to buy and haven't tried to buy in the most expensive area of the country on an average salary.

snowqueen555

Cakeguts wrote: »

Where can't they get onto the housing ladder? London is not all of the UK. In most of the UK millenials can get onto the housing ladder it is only London where it is difficult. There is an argument to be made for people not trying to buy in an area that is too expensive for what they are going to earn in life.

Relocating is an option for some, but not a solution for everyone.