I just don't understand
Why does every media source and politician try and persuade us that ever increasing house prices are good for us, and why do so many people believe them? WAKE UP SHEEPLE THE SYSTEM WANTS YOU TO BE INDEBTED WAGE SLAVES!

Why hasn’t BaynDedd had his inevitable breakdown yet?

Apart from those two, everything else makes sense.
( Ring Of Fire A petty, drooling belming butthurt retard., Wed 19 Oct 2011, 18:06, 26 replies)

Agree wholeheartedly.
We need to build around a million homes, or shoot a million people.
(speedevil, Wed 19 Oct 2011, 18:18, closed)

Lolwut

( BraynDedd Natasha Kaplinsky's labia majora, Wed 19 Oct 2011, 19:12, closed)

Aww, it's quite touching really dedd.
QOTW is concerned for you, looking out for your wellbeing. What a nice bunch of folks here.
( mark morrisons prison shoes I love Willie, Wed 19 Oct 2011, 19:28, closed)

Can you imagine the uproar if my question suggestion gets picked tomorrow?

( BraynDedd Natasha Kaplinsky's labia majora, Wed 19 Oct 2011, 19:56, closed)

They'll be pandemonium dedd, offtopic will have some pretty strong words for you.

( mark morrisons prison shoes I love Willie, Wed 19 Oct 2011, 20:05, closed)

Yep, there'll be people typing words and everything.

( Ring Of Fire A petty, drooling belming butthurt retard., Wed 19 Oct 2011, 20:29, closed)

Typing them furiously in a sweaty-handed impotent rage, online.

( BraynDedd Natasha Kaplinsky's labia majora, Wed 19 Oct 2011, 20:30, closed)

If that's the image you need.

( Ring Of Fire A petty, drooling belming butthurt retard., Wed 19 Oct 2011, 20:33, closed)

Because people believe what they are told most of the time.
free thinking people are dangerous to the government, they understand what is going on and how fucked up things are.
Since most people are gullible it is easy to bamboozle them with an 'expert' or with advertising, why do you think that when those pesky stinky undead old timers say' it was better in our day' it was true? they want some thing they save for it they didnt pay some one to buy it for them(credit) they lived with what they had, yes we have teh internet and a whole world full of cars and electronics but do we actually need it? look at most of your car trips, these would have been walked/cycled 20 years or more ago, why buy the latest thing when it is little better than the one you have that works?
The only benefit that comes from consumerism is that the banks get richer, that benefits only the bankers no one else, we have mass produced food that is cheep but s full of chemicals and colors, we have so many problems with health due to the food industry and we let them do it to us, we are the ones who put the food in our mouthes but we also pay to poisoned by it, if every one didn't buy any thing for just one day the government would listen , imagine that amount of power that is some thing they can not control and that would shake them up, no violence no cars burning no damage but no one buying anything for 24hrs.
Heres an interesting point or two for you think about
The bank of england is not owned by the Government but is a private holding
the royal mint makes money for us to spend but how are they paid? with the very same thing that they make it has no value before they work it but after they work it, it becomes valuable and is payed back to them


ok rant over feel free to give a fuck and do some thing
( fluffybunnykiller Is feasting on the clitoris of life, Wed 19 Oct 2011, 19:23, closed)

Your tinfoil hat is rusting.

( Amorous Badger NAKED BEA ARTHUR PHOTOS 4U, Wed 19 Oct 2011, 20:21, closed)

This is pleasantly nuts

( Ring Of Fire A petty, drooling belming butthurt retard., Wed 19 Oct 2011, 20:27, closed)

It's like having a pleasantly drunk uncle over for Christmas
Never let a factual inaccuracy get in the way of a good conspiracy, eh?
( Ghoti Fingers, Wed 19 Oct 2011, 20:39, closed)

Wow, a profound post from the sixth former there.

( mark morrisons prison shoes I love Willie, Wed 19 Oct 2011, 21:30, closed)

Not true
there have been moneylenders, borrowers, overdrafts debt and reposession pretty much since history began.
(username failed moderation, Thu 20 Oct 2011, 11:07, closed)

It's simple.
If you buy a house and get a mortgage on it you want the price to increase at least along with inflation so that when it's paid off you can either pass it to your kids or remortgage it and use it as a pension.
Whether it's good for the economy as a whole doesn't really come into it.
(Me, I'm not... in any way intoxicated, Wed 19 Oct 2011, 20:36, closed)

Seeing the single most important thing we need for a settled happy life as an investment and pension is simple all right

( Ring Of Fire A petty, drooling belming butthurt retard., Wed 19 Oct 2011, 20:41, closed)

So, if you bought a house you'd want the price to go down?
Are you suggesting that negative equity is a better position than an investment?
Of course houses are usually bought as homes and that's very important but that's not what you asked.
(Me, I'm not... in any way intoxicated, Wed 19 Oct 2011, 21:01, closed)

The trouble is...
... the value of *everything* has to go up by the same amount.

If someone bought a house 25 years ago and it increased in value by a factor of ten, but wages over the same period increased by less than that, you wouldn't be able to afford it given a similar job.
(gordonjcp, Wed 19 Oct 2011, 21:51, closed)

I'm not disputing that.
In fact all I am saying is that if you can already afford a house and are buying one or already own one then you're better off if prices go up.
(Me, I'm not... in any way intoxicated, Thu 20 Oct 2011, 1:00, closed)

Until your kids want to leave home and house prices have gone up by 5 times in real terms and they can't afford to rent, let alone buy without you chipping in.

Negative equity isn't so much of a problem for people who've bought a home. It is for those that have made a desperate plunge into a run away housing market and then get caught out buy the inevitable bust caused by ever rising house prices and people making desperate plunges into the market, egged on by an industry that feeds on greed.
( Ring Of Fire A petty, drooling belming butthurt retard., Thu 20 Oct 2011, 6:43, closed)

Actually
that's not quite true.

The real trouble starts when interest rates rise.

Someone today buys a house which will cost them £1,000/month - you assume they can afford £1,000/month. Doesn't matter if the value of their house falls, so long as they can pay the £1,000, they can just sit it out.

But when interest rates rise, and they suddenly need £1,500/month, and haven't got it, then the shit hits the fan. That's when people start losing their homes, and walk away peniless at best.

That's a real risk now. Interest rates are as low as they have ever been. If rates were to rise to where they were 15 years ago, your £1,000/month now would be more like £2,500 - 3,000.
(username failed moderation, Thu 20 Oct 2011, 10:26, closed)

That’s the outcome of people jumping into a rapidly inflating housing market and taking a gamble.
( Ring Of Fire A petty, drooling belming butthurt retard., Thu 20 Oct 2011, 11:24, closed)

It's cetainly clear
that this cycle always makes some people money, and always ends up in a bubble where the tailenders get royally shafted.

I wouldn't argue in favour of ever increasing house prices, but it's a market - not any conscious policy. It drives itself.
(username failed moderation, Thu 20 Oct 2011, 11:30, closed)

I bought my first place when I was 18.
I'm just fine with ever increasing property prices.

Ha ha.
(username failed moderation, Thu 20 Oct 2011, 8:55, closed)

Some home owners hit the sweet spot, and it’s good for some of them.


But my question is why the media and politicians always have, and still fucking are, slavishly following the mantra that house price inflation is good for the country, when the only people it really helps is the 1% who actually benefit from the financial institutions and large landlords who can raise capital against the asset…….ah….right….that’ll be the answer then.
( Ring Of Fire A petty, drooling belming butthurt retard., Thu 20 Oct 2011, 9:20, closed)

Dunno about the media
They seem to gleefully report surging house prices to irritate people who are renting, and when it all crashes they cheerfully mock people who have pissed their life savings into negative equity.

The media are just a bunch of trolls, as far as I can see.
(username failed moderation, Thu 20 Oct 2011, 10:20, closed)