Wednesday, Apr 18, 2007
Dave sets out tory view on house prices
WebCameron: Ask David: House prices, Armed Forces, Pensions
David Cameron responds to the question posed by the PricedOut Campaign, "NuLabour's head is in sand over house prices, shared ownership is not the answer, can Conservatives do better?" - LEAVE YOUR COMMENTS ON HIS BLOG
Posted by paulm @ 10:36 PM (941 views) Add Comment
10 Comments
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1. Bobsta said...
I'm viewing on my mobile so haven't watched the video... but the feedback comments are superb. I honestly expct DC to read them and gain some knowledge and insight into "our" plight.
2. paul said...
No surprises here.
Mr Cameron owns at least two houses himself. Not going to slay the golden goose now are we?
3. mrmickey said...
Yep he's part of the establishment probably owns half of Sussex.
4. p. o. o. r said...
I think most people would agree, that house prices generally keep pace with inflation - so if you are already on the housing ladder and don't plan on moving say within the next 10 - 15 years then your OK, as long as you are not relying on property as your retirment income - the thing with the housing market is it is very similar to the stock market it can go up significantly as we have seen over the last 10 years, but it can also go down.
Would the Cons do any better - well my answer is that I do not believe they can do any worst - One point which I think Cameron has made clear is that he believe in family values and having incentives for married couples - In my opinion one main reason why there is a shortage is property is due to the number of single parents - anything which can be done to encourage falies to stay together is going to be a positive move. I've lost track as to how many friends of mine have split up fromt their married partner over the last few years - OK I accept that some relationships do break down, however for many it is just the easy route.
5. Notaneconomicsguru said...
The Tories track record is far from encouraging. As far as I can recall, the last Tory government presided over the following: 2 major recessions 1982 & 1990-1992; destruction of major parts of manufacturing including businesses that were profitable; long periods of high unemployment; Black Monday; Black Wednesday; Rampant HPI which lasted from 1983-1984 to approximately 1989-90; A huge HPC; Negative Equity; Stagnant Housing Market from 1990 to 1996; periods of very high National Debt & government borrowing to pay for failure.
As far as family friendly goes I am also unconvinced - they put VAT on gas & electricity; they arrogantly introduced Poll Tax which clobbered many families who lost out compared to old rates system at a particularly bad economic time; they abolished the married couples allowance (just after I got married as it happens); they also reduced the Pension Dividend Credit which Gordon later went on to abolish.
No government that I can remember (and certainly not a Tory one) has been that interested in Asset Inflation (e.g. Houses, Shares) - but most have an obsession with prices of non-assets consumer items.
Please forgive me from being cynical, but I think there are very good reasons to expect the Tories could do much worse than the current government has.
6. rich said...
>> I think most people would agree, that house prices generally keep pace with inflation
Haha, if your inflation index includes housing then it does.
7. Rimmer said...
>> I think most people would agree, that house prices generally keep pace with inflation <<
I take it hes saying the current prices are ok then so long as they just go up 5% PA in line with RPI from now on, forgetting the fact that in real terms ( affordability and value for money ) they are currently 200 - 300% what they should be
8. Sam said...
Notaneconomicsguru, you're right.
Our wanna-be prime mininster, Dave 'NewCon' Cameron actaully used to be a adivsor during the last government - a finanical advidsor no less. during the house price correction not less.
he has mentioned that the Conservatives have 'learned' from the past mistakes but fails to suggest what they were (MPs never regret doing wrong, only that they get caught). As far as I'm concerned he's just as bad brown and twice as shifty as blair.
9. waitingfor hpc said...
Tories always sort out labour mess!!!! They are pro-business and in favour of low taxation. They look after the UK far better than this lot - ohh and I would rather have an MP caught with his pants down and resign for sleaze than this lot that will NEVER resign and make decisions for self and/or party reasons- not for the good of the country.
Do u think the Tories wanted IR's at 15%? Short answer NO. Did they want to pull out the ERM with all the problems that followed - NO. But in respect to them they made tough decisions that they had to - something this lot will never do. And they gave us the facts good or bad on inflation / employment / deficits.
I suspect if we have a Tory govt all the true accounting mess will be revealed over time.
In response to Notaneconomicsguru - we are one island in the world - global forces are at play now and then. Somethings we can not avoid is global trends but it is how you react to them. In the Thatcher years the EU was gaining momentum and many companies needed an outlet for selling goods - to the anger of France & Germany we got many many of those jobs. Now in the last 10 years of globalisation we have had the golden age of spending huge sums of money in a boom with a govt surplus - did the UK spend well? Did we save during those years for rainy days? HAve we used low inflation to our advantage? NO. Labour has milked it and milked it and wasted our countrys gold, savings and future prosperity. So although not a Tory voter by trade but a prof of history I have to say they are far more the prudent party than this lot but they too made mistakes and have paid for them.
10. paul said...
notaneconomicsguru is probably right. The tories have never done a particulalry good job either.
Personally, I'll let anyone have a go as long as it's not the BNP or someone who's already had a go and messed it up.