We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Brown to increase taxes...maybe???
Commonsensesearcher
Posts: 52 Forumite
This is, IMHO, an excellent article from The Times...
http://www.timesonline.co.uk/tol/comment/columnists/alice_miles/article3768099.ece?Submitted=true
I've never been tempted to at least write to my MP but that has just changed...
http://www.timesonline.co.uk/tol/comment/columnists/alice_miles/article3768099.ece?Submitted=true
I've never been tempted to at least write to my MP but that has just changed...
0
Comments
-
from the article....House prices in Britain, at six times average earnings, are too high. That's it. We all know that, we've known it for years. Property prices are nonsensical, exorbitant, unaffordable, immorally inflated by investors and a shortage of available land space to build new homes, exploited by a greedy City.
It should be noted that the earnings to price ratio is lower currently than it was in the late 80s and early 90s. Not much lower. Indeed, the ratio peaked at much the same level last year as it did before the last property crash in the early 90s.
So, there has to be some context in this. It has happened before. It will happen again. Its just part of a cycle that comes around periodically and you would expect 2 times in a typical 25 year mortgage. The reasons may be different each time but the end result is the same.... prices can go down as well as up.
[STRIKE]
as an aside, nice spelling mistake by the Times there. I thought The Times was meant to stand for quality....once upon a time.
[/STRIKE] oopsI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
dunstonh, I agree entirely with what you are saying and the market should be allowed to correct itself. What I am totally opposed to is the Government trying to stop this happening with taxpayers money. Its disgusting.0
-
Call me stupid but I'm still trying to find the spelling mistake!I am an Independent Financial Adviser
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice.0 -
oops. Spell checker had reverted to US spelling without me noticing.dunstonh, I agree entirely with what you are saying and the market should be allowed to correct itself. What I am totally opposed to is the Government trying to stop this happening with taxpayers money. Its disgusting.
At least this time round they will get the money back with interest. Unlike the 90s when it was washed away trying to bolster the exchange rate.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards