Wednesday, Sep 22, 2010
Interesting bit of spin from NHF
Daily Mail: Parents want a house price FALL to help their children get on the property ladder
A third of middle-class parents are hoping house prices fall to help their children buy their first home. The research finding highlights the widespread fear that the children of today are facing a lifetime of renting. That contrasts with today's householders, many of whom were able to buy their homes at relatively low prices. The study, from the National Housing Federation, also found that nearly 60 per cent of parents feel obliged to give their children money for a deposit.
Posted by quiet guy @ 08:46 AM (755 views) Add Comment
8 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mick rupert said...
Further preparating the masses for the falls to come?
2. techieman said...
so 33.33% want HPs to fall for their kids and 60% are going to lend them some money to buy. is this just nuts or is it me?
"And they expect that the only chance that their children have of buying their own home is for them to hand over a substantial amount of money."
"The research is based on a poll of more than 500 middle-class parents with children between the ages of 20 and 30."
When people run in circles its a very very:
3. mark wadsworth said...
Admittedly the NHF have their own agenda (increasing the funding to housing associations) but never mind, the underlying statistic that a third of parents have woken up to the fact that all Home-Owner-Ism means is impoverishing their own children is very heartening (and ties in with other surveys carried out over the years).
In the same way, the fact that two-thirds of parents are stupid enough to want to keep the bubble going at their own expense is very depressing indeed - they have to be taught that house price/credit bubbles are a negative sum game.
4. techieman said...
MW "they have to be taught that house price/credit bubbles are a negative sum game." but we know that lessons are generally only learnt the hard way... perhaps some blood on the streets a few years down the line??
5. mark wadsworth said...
Techie, the first rule people have to learn is "it's NOT different this time", whether that's invading Afghanistan, electing a Labour government or stepping up the War On Drugs (or a million other things).
Then people have to accept that we have been having house price/credit bubbles since the dawn of time - about every twenty years or so - and that these have always ended badly.
6. timmy t said...
Weird headline - if 1/3 want a fall, then 2/3 don't, yet they report this as Parents wanting a fall...
7. need-a-crash said...
MW @5. - Brilliant you should run for parliament... oh hang on a minute...
8. orcusmaximus said...
MW @5 - ROFL
but it's NEW Labour surely?