UK Housing Crisis - back to pre 1980s home ownership levels

[arfurlife]

No social housing. (and there never will be now, lets face it) Unafordable private housing. No one can afford the delightful shoe boxes we are building and calling starter homes. Debts for students, no jobs either unaffordable housing if they get one. A greater demand for houses due to migration etc which is not being met. A lost geneartion of unemployable youth. We should be concerned right? WRONG! No one really gives a shit as long as they re alright. Thats the UK today and I hate it.

[frickadele]

Rent... save the money that you would have been spent on buying a place and paying taxes on that property. People who can't sell their overpriced homes.... will rent those places out. If they're smart. If they aren't?....they'll not pay their property extortion taxes and not pay off their loans for that property.... and the bank will have more debt on their books and the banks will force their shill gov. heads to force the people to bail out the banks who are still rich with fee income.

[MsNoworldorder]

@frickadele Thanks for your comment.

[frickadele]

@MsNoworldorder

Hey....thanks for the vid!

You're higher on the food chain than I am.

[frickadele]

No one should buy a house that's over priced..

and that's what's happened in the UK.

You'd have to be a schmuck to buy something

that is worth less than what you paid for.

[chadberry75]

fucking greedy ass ppl..

[levedia]

@chadberry75 Thats exactly what it is my friend greedy fucks. Take away greed from this planet and you eliminate poverty and corruption. A better world. Humans is a shitty race.

[Ianacek]

Can someone please explain this to me ? If house prices are "unaffordable" , why do the number of buyers not reduce to the point where prices fall & become "affordable" again ? It seems to work in every other market .

Is "unaffordable" just a political trigger word ?

[MsNoworldorder]

@Ianacek House prices will only fall to get people into negative equity rather than to make them affordable.

[TheArabScot]

@Ianacek The number of first time buyers is reducing drastically, however prices are being propped up by existing investors scared to lose money(which they gained on a false boom) and government desperate to avoid a huge crash.

Suffice to say, if the housing market were actually allowed to stabilise by using market forces alone, then we'd see house prices fall to more affordable levels. However this will likely not be allowed to occur. Hope this helps.

[arfurlife]

@TheArabScot Totally agree. we re constantly being held to ransom by the greed brigade. people are desperate for even a basic home yet it appears to be simply too mush to ask for in the UK. You need a rich relation to die and leave you money so you can put a 25 grand deposit down and pray pray pray you do not lose your job or get working hours cut. banks lost so much money because the markets knew there asset values ( house properties ) were vastly over inflated, so they dont want a fall too.