Yes, but he wants one and can't afford one.
Therefore the system's broken, you see.
( Kroney, Tue 26 Mar 2013, 9:39, 1 reply, 12 years ago)

When the average age of first time buyers is 30, there's a problem

(PsychoChomp, Tue 26 Mar 2013, 9:41, Reply)

Yeah, there's too many people trying to buy houses.
Demand goes up. That drives the prices up. Sure, things like buy-to-let bubbles don't help, but you do know that the Government will never allow large sections of the voting public to lose their homes, don't you? This crash might be the normal result of the sort of extended recession we've had, but they've done their utmost to avoid it, almost to the exclusion of all else.

In any case, nobody has a "right" to own a home. That's a myth.

For the record, I'm 32 and I don't own my own place. I'm only eventually going to because of an unexpected inheritance. I don't believe I have any particular right to own one. If I can't afford to, that's that.
( Kroney, Tue 26 Mar 2013, 9:44, Reply)

Haven't you been expecting this unexpected inheritance for quite a while now?

( tangledupinblue hairy badge with moving eyes, Tue 26 Mar 2013, 9:48, Reply)

Since October...

( Kroney, Tue 26 Mar 2013, 9:50, Reply)

You need to up the dosage

( sporters I’m sincerely gratitude to you, Tue 26 Mar 2013, 9:57, Reply)

They'll only loose their homes if they want to move.
They'll be "stuck in their homes" which isn't ideal but it's not like they'll be on the street.
(PsychoChomp, Tue 26 Mar 2013, 9:57, Reply)

No, they'll lose their homes if they default on their mortgage.
Which is likely to happen in a large number of cases if the interest rates rise, which will be about the only thing that could cause the housing market crash you rather selfishly want.

I don't personally think that a bunch of families losing their houses so that I can knock a few grand of the cost of moving is a fair trade, really. Even if they did over-extend themselves buying it. Which a lot of people did, what with being desperate to own their own homes and the prices being so high.
( Kroney, Tue 26 Mar 2013, 10:05, Reply)