jammo

Why not take it to its logical conclusion. Do away with money itself. It has had its uses over the centuries, but is now obsolete as a measure of a person's wealth. What of the billionairres who have spent so much time and effort amassing their large digital figures? Well, what of them.

Bradford is 3rd worst place in the uk to live according to ilivehere.co.uk

Aren't they all off on summer holidays yet?

A market has 2 halves. If there is indeed pend up demand, there is matching pent up supply. The desperate to buy may be willing to overstretch. Equally the desperate to sell should be willing to compromise. I think the latter is going to be the most desperate, as no-one is ever that desperate to buy. There are always other options. Rent, stay at parents, wait to inherit, leave the country, etc. Whereas if you are in a house you have to leave, you really will resort to desperate measures when selling becomes more urgent.

In time, the folk that have all bought during the boom and were most pleased with themselves will start to realise that the kids they have had will be screwed. It is just quite hard for us HPCers to fathom how long the general public's logic deduction process takes, as we all got it a decade ago.

We can't really afford to keep government offices and debating chambers in a palace in central london either. Taxpayers should be afforded that judgement call.

The issue the BBC are clearly trying to point out is the fact that the "housing ladder" no longer exists. That is why our learned estate agent protagonist has to over-reach for the 4 bedroom house now. R.I.P. the housing ladder.

Finland are considering an alternative to benefits, a citizen's wage. Source: www.bbc.co.uk/news

Put it this way. If a VJ day was needed to save our post TTIP country I would just stand by and laugh as the Kitchener style "Your corporation needs you" posters went up. Edit: sp

Bet they outsourced IT to India. Who are of course culturally obliged to always overpromise. The manager who did so, saving a small fortune at the time, will be long gone of course. I recommend anyone banking with them gets ahead of the queues to withdraw their cash now!

If house prices surge again without a radical increase in new homes it will become "unaffordable to exist" in parts of Britain for the young, the property group JLL has warned. So panning out the logic to it's actual conclusion: If no-one is able to afford to buy a meagre house in the future, the market will no longer be sustainable as there will be no buyers (only the odd reshuffling of existing owners) and therefore it is logically impossible for house prices to "surge" again. Furthermore, as JLL have concluded (in not as many words) that HPI is an impossibility, it necessarily meant a house price collapse it inevitable. Thanks JLL!

Have you heard people from Essex speaking, they all sound rather special needs. Perhaps it is just the regional accent. You would have to be at least on the spectrum to want to spend this type of money on a house (the OP's money).

The "right thing" is to be a happy, vacant consumer. Just like the ones the Lloyds TSB adverts excel in portraying us as.

The trickle down effect - of debt.