A conspiracy theory is born
when something seems so obvious and logical to yourself that the only explanation for the wider community not seeing it the same way as yourself is a conspiracy.

That's why Peter Hitchens is so angry all the time. In his mind his opinions are in fact THE TRUTH and it's only the conspiracy among the liberals that are stopping him creating a new Britain that would last a thousand years.

Sooooo...to my TRUTH.

Ever increasing house prices only benefit Banks & large landlords, those of us who aren't one of these ...ie nearly everyone...get royally fucked by high and increasing property prices.

Given the above is true, anyone care to explain why every corner of the UK media constantly pushes one message...un-affordable house prices are great, and the higher they go the better?
( Ring Of Fire A petty, drooling belming butthurt retard., Sat 29 Aug 2009, 12:22, 4 replies)

Cos if you've got a house...
... like most Daily Mail readers do, and you paid £2.50 for it in 1964, it's now worth about 8 quadjillion times what you paid for it and you're rich for having done nothing. This applies to a great number of people over 40 - and that's why they love it. Sure, there are exceptions, but why else do people get so upset about inheritance tax?
( Olembe Refuses to write in this space, Sat 29 Aug 2009, 15:35, closed)

Because...
Owning a house with a high price makes you feel good about yourself, especially if you are paying substantially less on you mortgage. That's probably about as deep as it gets with the media.

Rising house prices means that people are investing more into them again, which means that other areas of the economy are doing well. Its just a nice indicator, nothing more. "Unaffordable" house prices aren't unaffordable to everyone, but its getting there.

What will happen, I think, is that house prices will wobble about a bit for a while, then plateau for a few years or drop slowly outside of a recession. If they don't there's going to be a very serious case of demand outstripping the ability to supply, and prices will drop very sharply very quickly - or be bolstered by yet more government grants (this time to first time buyers).

If the latter happens, much of the older generation are going to find that much of the equity they thought they had in their house for retirement has disappeared. It isn't an end of the world scenario, and it certainly wouldn't affect everyone, but there could be a generation or two who go through their later lives finding it a fair bit tighter than they expected.
(Captain Skippy pooed in a bag and left it on your doorstep, Sat 29 Aug 2009, 16:07, closed)

House prices.....
....will go up eventually. They always have done. Semi detatched caves fetched a pretty good price back in the day. They fetch twice the price now. Cavemen have never had it so good! Speaking as a caveman with his own detached cave, I hope my kids don't have to pay inheritance tax on my detached cave, it's what I've worked bloody hard for all my working life!
( The Lone Groover has mal des nuts., Sat 29 Aug 2009, 22:40, closed)

I don't deny they will go up
But not by as much as we've seen, and hopefully not for a while. And hopefully after staying steady for a bit.

If they do go up rapidly there will be some fairly major problems in twenty/thirty years time.
(Captain Skippy pooed in a bag and left it on your doorstep, Sun 30 Aug 2009, 8:21, closed)