Interest rates up 0.5%!

[Doucas]

How well are you doing, got your own house in a resonable area?

If so you are a champagne socialist and they are the worst kind!

For the fourth time on this forum I'll ask, what's the exact amount of wealth I should have before I can complain about inequality in the UK? I repeatedly get called a champagne socialist or told I'm just jealous of the wealthy.

So come on, step up and tell me.

[North Cardiff Blue]

For the fourth time on this forum I'll ask, what's the exact amount of wealth I should have before I can complain about inequality in the UK? I repeatedly get called a champagne socialist or told I'm just jealous of the wealthy.

So come on, step up and tell me.

You seem to like the idea of being a champagne socialist, if so you should have an upper class lifestyle a £1million house plus, £300K plus in the bank with an luxurious preppy lifestyle drinking champagne all the time, is that you?

I thought you couldn't buy a house because they are too expensive because all the hard working old people have bought them all, so cheap and it's so unfair?

[Doucas]

You seem to like the idea of being a champagne socialist, if so you should have an upper class lifestyle a £1million house plus, £300K plus in the bank with an luxurious preppy lifestyle drinking champagne all the time, is that you?

I thought you couldn't buy a house because they are too expensive because all the hard working old people have bought them all, so cheap and it's so unfair?

No it isn't me, but I've been told on this forum I am a champagne socialist, I've also been told I'm just jealous. All I've said is I'm doing alright.

So for the fifth time, what is the exact amount of wealth I should have before I can complain about inequality.

Where did I say I couldn't buy a house? Is it harder to buy a house now than it was in the 70s, yes or no?

[North Cardiff Blue]

No it isn't me, but I've been told on this forum I am a champagne socialist, I've also been told I'm just jealous. All I've said is I'm doing alright.

So for the fifth time, what is the exact amount of wealth I should have before I can complain about inequality.

Where did I say I couldn't buy a house? Is it harder to buy a house now than it was in the 70s, yes or no?

Not a champagne socialist then.

Doing alright what does that mean, it's subjective?

You appear jealous, you have a deluded view that older people had an easier life?

Any amount, it's a free Country?

You've said before it's too hard for you to get on the market, because all the old people grafted and bought them?

It's the same sales process as the 70's I think, just as easy go to a solicitor they do the paperwork for you, probably a bit easier these days actually because they can send some forms via the internet, we had to keep going to the solicitors office.

[TWGL1]

Not a champagne socialist then.

Doing alright what does that mean, it's subjective?

You appear jealous, you have a deluded view that older people had an easier life?

Any amount, it's a free Country?

You've said before it's too hard for you to get on the market, because all the old people grafted and bought them?

It's the same sales process as the 70's I think, just as easy go to a solicitor they do the paperwork for you, probably a bit easier these days actually because they can send some forms via the internet, we had to keep going to the solicitors office.

Off topic slightly, when I was doing HNC business studies in night school, every Saturday I had to spend a few hours in central library researching topics for upcoming assignments.

Nowadays most reasonable research can be obtained from the comfort of your own home. Much easier IMHO

[Nobody's Rep]

No, I'm not having a go. I was concerned you might think that. It's something I believe a lot of people on here practice. It's worth reading about. I find this interesting. Sorry, mate. I've talked about this stuff before. I'm actually agreeing with you.

https://www.simplypsychology.org/cog...issonance.html

Cheers will have a look 👍

[Lither_1927]

Light the blue touch paper and

No one can argue with it.

Japan have had stable house prices since 1997 because they won't accept mass immigration.

[goats]

No one can argue with it.

Japan have had stable house prices since 1997 because they won't accept mass immigration.

Don’t they have mortgages you pass on to your offspring, like 50 years or so?

[The Bloop]

No one can argue with it.

Japan have had stable house prices since 1997 because they won't accept mass immigration.

Eh?

Japan has also had stagnant wages and and a currency under increasing pressure from external factors such as rising fuel prices that is getting more difficult to manage. Their ability to service a debt at 250% of gdp isn't looking as easy as it used to be.
Can't see what their immigration policy has to do with the price of fish tbh.

[Lither_1927]

Eh?

Japan has also had stagnant wages and and a currency under increasing pressure from external factors such as rising fuel prices that is getting more difficult to manage. Their ability to service a debt at 250% of gdp isn't looking as easy as it used to be.
Can't see what their immigration policy has to do with the price of fish tbh.

Immigration and population numbers directly affect house prices. Japan are famous for rejecting mass immigration and their house prices have been stable since 1997. Not that difficult to work out.

[The Bloop]

Immigration and population numbers directly affect house prices. Japan are famous for rejecting mass immigration and their house prices have been stable since 1997. Not that difficult to work out.

Not that difficult to work out that there are more factors involved than a simple migration policy.

[jon1959]

Not that difficult to work out that there are more factors involved than a simple migration policy.

Things like condition, size, location and affordability of housing, combined with changes to household make-up - especially the change to smaller and more fragmented households with more single people and childless couples, more elderly people needing sheltered or supported housing, and an explosion in domestic and foreign student numbers over the past three decades.

When I was working in Council housing in the 1990s and 2000s there were tens of thousands of houses and flats in the midlands and north of England that stood empty because Councils couldn't attract tenants (condition not great but OK) - mainly because the homes were in the wrong place - where the jobs were two generations earlier. That was at a time of steady immigration.

[Lither_1927]

Not that difficult to work out that there are more factors involved than a simple migration policy.

All the other stuff is minor, the primary driving factor behind house prices is demand created by population numbers. Everyone needs a house to live in you see. UK embraced mass immigration and now millenials can't afford a home and we have a housing crisis.
Japan reject mass immigration and their house prices remained the same since 1997, enabling the next generation of their own population a chance to buy. Why are you attempting mental gymnastics in order to deny the blinding obvious?

[Eric the Half a Bee]

All the other stuff is minor, the primary driving factor behind house prices is demand created by population numbers. Everyone needs a house to live in you see. UK embraced mass immigration and now millenials can't afford a home and we have a housing crisis.
Japan reject mass immigration and their house prices remained the same since 1997, enabling the next generation of their own population a chance to buy. Why are you attempting mental gymnastics in order to deny the blinding obvious?

Two options:

1) As a country's population grows, so does house building, infrastructure, NHS services, schools etc to cope, creating more jobs and tax revenues as a result

2) As a country's population grows, don't build more housing and infrastructure and moan when services can't cope, resulting in workers struggling under pressure in their jobs.

Another question - how would you feel if, instead of immigration coming into the country, the UK had a sudden population boom. Would you feel the same about housing?

[A Quiet Monkfish]

Two options:

1) As a country's population grows, so does house building, infrastructure, NHS services, schools etc to cope, creating more jobs and tax revenues as a result

2) As a country's population grows, don't build more housing and infrastructure and moan when services can't cope, resulting in workers struggling under pressure in their jobs.

Another question - how would you feel if, instead of immigration coming into the country, the UK had a sudden population boom. Would you feel the same about housing?

The net immigration to the UK over the past decade is 2,000,000. The UK has built 1.8 million homes. So there should be enough - in broad terms anyway. But only a tiny majority of those 2,000,000 are taking out mortgages and living in their 'own' homes;. They are either renting privately or through PSH. This pushes rents up from the bottom. A big change in the last 15-20yrs is the number of single people buying homes and living alone. Again this puts pressure on supply and prices go up. Finally, for 14 years interest rates have been ridiculously low following the 2008 crash. Buying a home - or perhaps put better - paying a mortgage - had never been so cheap. Again, this pushes prices up.

[Doucas]

The net immigration to the UK over the past decade is 2,000,000. The UK has built 1.8 million homes. So there should be enough - in broad terms anyway. But only a tiny majority of those 2,000,000 are taking out mortgages and living in their 'own' homes;. They are either renting privately or through PSH. This pushes rents up from the bottom. A big change in the last 15-20yrs is the number of single people buying homes and living alone. Again this puts pressure on supply and prices go up. Finally, for 14 years interest rates have been ridiculously low following the 2008 crash. Buying a home - or perhaps put better - paying a mortgage - had never been so cheap. Again, this pushes prices up.

This is 100% wrong.

[North Cardiff Blue]

This is 100% wrong.

He's 50% wrong paying a £100K mortgage has never been cheaper, as interest rates were at their lowest ever level.

[North Cardiff Blue]

The net immigration to the UK over the past decade is 2,000,000. The UK has built 1.8 million homes. So there should be enough - in broad terms anyway. But only a tiny majority of those 2,000,000 are taking out mortgages and living in their 'own' homes;. They are either renting privately or through PSH. This pushes rents up from the bottom. A big change in the last 15-20yrs is the number of single people buying homes and living alone. Again this puts pressure on supply and prices go up. Finally, for 14 years interest rates have been ridiculously low following the 2008 crash. Buying a home - or perhaps put better - paying a mortgage - had never been so cheap. Again, this pushes prices up.

House prices will go down now, it's house price inflation that interest rate increases specifically target, and it slows the economy as people stop borrowing to extend and stop remortgaging while adding debt to buy cars and expensive holidays that they can't really afford.

[SLUDGE FACTORY]

Truss thinks tax is the cause of the recession incoming

Sunak says its inflation

I don't like either of them as they are tory vermin but I think tackling inflation is the way to go

Truss is a right wing idiot who is calling for tax cuts across the board as its popular

[TWGL1]

Truss thinks tax is the cause of the recession incoming

Sunak says its inflation

I don't like either of them as they are tory vermin but I think tackling inflation is the way to go

Truss is a right wing idiot who is calling for tax cuts across the board as its popular

Tory vermin …. it wouldn’t matter what policies they brought in whether good or bad just because of the party they represent.

I’d never vote for the current Labour government under Starmer.

[SLUDGE FACTORY]

Tory vermin …. it wouldn’t matter what policies they brought in whether good or bad just because of the party they represent.

I’d never vote for the current Labour government under Starmer.

And I would never vote Tory

You clearly would

[Lither_1927]

Truss thinks tax is the cause of the recession incoming

Sunak says its inflation

I don't like either of them as they are tory vermin but I think tackling inflation is the way to go

Truss is a right wing idiot who is calling for tax cuts across the board as its popular

Fancy a politician doing something because it's popular? Isn't that what happens in a democracy?

[Lither_1927]

Two options:

1) As a country's population grows, so does house building, infrastructure, NHS services, schools etc to cope, creating more jobs and tax revenues as a result

2) As a country's population grows, don't build more housing and infrastructure and moan when services can't cope, resulting in workers struggling under pressure in their jobs.

Another question - how would you feel if, instead of immigration coming into the country, the UK had a sudden population boom. Would you feel the same about housing?

Ah right, so it's infinite GDP chasing population growth until Britain is covered in concrete? Lol

[SLUDGE FACTORY]

Fancy a politician doing something because it's popular? Isn't that what happens in a democracy?

It's not going to do anything at all to deal with this recession

She's lying and she's full of shit

And the next prime minister

[Doucas]

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/