realitybites
Active Member
The middle class conundrum.. eating lettuce leaves and living 'til we're 100.. Spreading butter is no way for a punk to go.
Tory UK EU Exit Referendum
- Thread starter paolo
- Start date
Libertad
Sparking up a rollie in the Reichstag
Slippery customer.
DotCommunist
So many particulars. So many questions.
his lyrics always adressed the bread and butter issues
gosub
~#
You've just ruined Rise for me
JimW
支那暗杀团
I thought he laid it on a bit thick
DotCommunist
So many particulars. So many questions.
a gross smear
DJWrongspeed
radio eros
No because if 'Out' wins we'll get someone far worse as PM.
This very fact betrays the ontology of the referendum question i.e. Tory divisions.
Legarde from IMF is now saying there'll be a slump with falling house prices. The later being a good thing for the UK surely?
ffsear
Well-Known Member
No, falling house prices helps no one. We need to build more houses
sim667
All aboard the 303 bus.
It helps some people. It doesn't help buy to letters, it does help people who can't afford to buy, and it shits on people who own the house they live in and no other property.
If there could be a triple edged sword, this would be it.
stethoscope
Well-Known Member
Whilst negative equity and crashes are a bad thing for people, falling house prices would help towards a re-balancing as 'market value' is entirely fabricated as it is. Simply building more houses isn't helping especially whilst most of them aren't affordable or social.
We need more truly social housing, rent controls, scrapping policies such as RTB and PFI that might look like they're a great thing but are actually plundering us into a worse situation, etc. And there are both international pressures on the market too, all invested in neoliberalism. The market doesn't work as a simple demand/supply graph.
ffsear
Well-Known Member
Only if the fall in prices is bought about by an increase in supply, not by a bursting bubble. Houses will still be unafforadable if the bubble burst and the banks reduce lending.
Whether we like it or not a sharp fall in house prices would signal the start of another massive crash and the inevitable vast job losses. The banks are up to their eyes in mortgage debt and it wouldn't surprise me if it was bale out time again. Massive council house building programme is what we need and some sort of mechanism to prevent house prices going up further so they fall in value in real terms on a gradual basis.
Pickman's model
Starry Wisdom
i seem to recall that in the early 1990s a lot of people were in 'negative equity' without the world collapsing round our ears. i think you are too optimistic.
two sheds
Least noticed poster 2007
Houses are insanely overpriced, though. It has to be good to burst the bubble of overinflation. If house prices dropped in half the banks could reduce lending by half and people would be able to buy just with lower mortgage repayments.
Yes we have to build more houses, or perhaps even better stop people buying and selling to make such huge profits and make houses for putting roofs over peoples' heads.
ffsear
Well-Known Member
And a cap on how many properties landlords, or even individuals can actually own.
ffsear
Well-Known Member
But why would banks loan (invest) in a falling market? They won't!
gosub
~#
That oversimplistic statement is worthy of a 40 page thread on its own.
our village population 6000, just agreed a plan for another 1300 houses. The majority will be 4-5 bed. Meanwhile 1/6 of properties have grown up kids still living with their parents. Now that HMG has just made buy to let unattractive, I look forward to the idea of councils building and owning their own housing stock coming back into fashion
stethoscope
Well-Known Member
Well buy-to-let and private landlords has been actively encouraged since the 80s both by Thatcher/Tories and continued by Blair/New Labour.
Anyway, this stuff has been discussed loads over many threads, so praps keep this one more on the ref?
Anyway, this stuff has been discussed loads over many threads, so praps keep this one more on the ref?
gosub
~#
And building firms would rather sit on their land banks.
ffsear
Well-Known Member
It happening here in Croydon too. Flats going up everwhere. Most of which will be sold before their even completed. (computer generated images in estate agent windows ffs!)
House oppiste me was on the market last month, HAd a que of about 50 outside for an open day. Sold that day. A month later, up goes the "to let" sign.
A sorry state of affairs
Pickman's model
Starry Wisdom
tbh house prices crashing might put more people in work, as more people would be able to buy a house and so many more people would be interested in painting, decorating, joinery etc.
Pickman's model
Starry Wisdom
the ads came out fucking EIGHT YEARS ago, i don't think he's selling butter now
ffsear
Well-Known Member
Thing is people probably own these places but are happy do to fuck all with them while prices go up .
gosub
~#
Would eventually make UK more competitive. But a lot of trouble getting there. Those not seeing how it has bad impact on the economy - beyond the construction industry slow down, how many small businesses are run off the back of someone mortgaging their home? Barrier for start ups and a dryup of a source of capital for existing businesses.
Concerning that the establishment seems to think there is room for things to get more ridiculous, but rectification they seem to be oblivious of the need for would have to be done carefully.
Concerning that the establishment seems to think there is room for things to get more ridiculous, but rectification they seem to be oblivious of the need for would have to be done carefully.
Pickman's model
Starry Wisdom
after 70 pages i am astonished anyone still cares about the topic
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