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Debate House Prices
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Inflation is running at twice the official rate
Comments
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woah there musky...
the minimum wage in this country is £5.50 an hour, or about £8k per year and the average wage is around £23k. To get a £23k average millions of people are earning £15k or less. We already have a serf class.
It's anyone earning anywhere between the £8k and £15k.
And these people are borrowing away their future to pay >150k for a typical Barratt rabbit hutch in many parts of the country.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
. In the 1930s it was 90% rented, 10% owner occupied.
No it wasn't - in 1938 just over 30% of homes were owner occupied.
The culture of house ownership will be extremly difficult to change.
Buy to Let provides some good things (increases rented sector) but it also competes with first time buyers driving them out of the market.
It would be fairly simple to change the tax treatment of both capital gains & rental income to make BTL less attractive if it was politically expedient.US housing: it's not a bubble
Moneyweek, December 20050 -
why is nobody who is making historical comparisons between historical rented vs ownership making any kind of reference to the massive political shift in this area in the early 1980s.
pre the 1980s it was perfectly viable, and in many cases pleasant to live in social housing. Now it seems to be the last refuge of the desperate in many cases, with most large council estates which still have lots of rental properties available becoming virtual no go areas for outsiders.It's a health benefit ...0 -
!!!!!!, you could have mentioned the d.mail/express as well, in the manipulation stakes.
as a manual worker I'm hardly the sharpest knife in the drawer, but I'm amazed at how supposedly smarter people quote from these 2 mucky publications and assume they're stating fact.
I don't get it.miladdo0 -
jamescredmond wrote: »!!!!!!, you could have mentioned the d.mail/express as well, in the manipulation stakes.
as a manual worker I'm hardly the sharpest knife in the drawer, but I'm amazed at how supposedly smarter people quote from these 2 mucky publications and assume they're stating fact.
I don't get it.
I don't take any of the commentary I see in the papers (or on TV news programmes) at face value. But they do provide a way of bringing facts otherwise hidden or unnoticed to the attention of the public. No-one is going to regularly trawl the government archives for figures on their own.
Read the facts and then decide if the commentary is fair or not is the way to go.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Inflation is rising fast and those on fixed incomes, whether it's income via pensions, benefits or working with little or no pay increases people will suffer. It'll affect people with mortgages especially if they bought at the top of the market prices. People have to live somewhere and taking out a mortgage is a necessity for many people, not a luxury. Of course if you've bought a 5 bedroomed house on a 3 bedroomed income you'll be in more financial trouble than most." The greatest wealth is to live content with little."
Plato0 -
jamescredmond wrote: »as a manual worker I'm hardly the sharpest knife in the drawer, /quote]
that absolutely doesn't follow, no reason a manual worker isn't extremely bright, and your postings don't come across as thick by any means....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
No it isn't - is the lowest in the entire world and has that stable air of stability about it. Once you strip out the unimportant elements like water, food, power, fuel, shelter, and taxes it quickly becomes apparent that the necessities like ipods, xboxes, and posh boats make the average family thousands of pounds a week better off.lilac_lady wrote: »Inflation is rising fast0 -
neverdespairgirl wrote: »jamescredmond wrote: »as a manual worker I'm hardly the sharpest knife in the drawer, /quote]
that absolutely doesn't follow, no reason a manual worker isn't extremely bright, and your postings don't come across as thick by any means.
well preconceptions based on career path are usually wrong in most cases anyway
who would have guessed you were a lawyer
you seem very nice after all.It's a health benefit ...0 -
neverdespairgirl wrote: »
neverdespairgirl.........................I love you.........jamescredmond wrote: »as a manual worker I'm hardly the sharpest knife in the drawer, /quote]
that absolutely doesn't follow, no reason a manual worker isn't extremely bright, and your postings don't come across as thick by any means.miladdo0
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