Friday, Feb 26, 2016

Why you will never own a home ... New app explains

YouTube: Why you will never own a home ... New app explains

The real reason for unaffordable houses explained through the medium of a new economics app which ensures they remain unaffordable.

Posted by frizzers @ 02:21 PM (2448 views) Add Comment

9 Comments

1. libertas said...

It is called greed.

Spending deposit on drink and holidays plus, snobbery, refusing to buy on the "poor" side of town. Oh those who avoided Hackney 10yrs ago lament, but they still smirk about Edmonton.

Friday, February 26, 2016 05:56PM Report Comment
 

2. Alan Lubin said...

You forgot iPads.

Friday, February 26, 2016 07:13PM Report Comment
 

3. techieman said...

U are right Libby. GREED on the part of the baby boomers, greed on the part of the power crazed politicians. Greed on the part of landowners.

oh... thats not what you meant ?

Its a shame more people dont refuse to buy. Im just wondering if your brain can assimulate any scenario where the trend is reversed. Sike tops rarely end well.. ask oil traders or gold bugs. Extrapolation of prior trends works until it dont.

We are clearly in a bubble and clearly a buying climax.

Saturday, February 27, 2016 02:57AM Report Comment
 

4. tick tock said...

...But Libby, both Hackney and Edmonton are still shi1t holes, The stupid price of the buildings in each area doesn't change that fact, any more than it reflects the wisdom of any investment made of in them.

Looking forward to my holiday this year Libby. Much prefer to live somewhere nice & to spend quality time away with the family somewhere nice too, than to legally own a pile of bricks, funded by a Ponzi scheme, in a bleak and often dangerous postcode.

Might seem crazy, but it almost seems better to bring the family up in nice place, live a good life & maybe keep assets for the kids somewhere less visible than a building.

But hay, Keeping paying that mortgage fella & one day it might even be yours for a while..... You'll then be able fund all of your old age care with any equity that might have survived the crash... I might even be in the room next door getting exactly the same care as you, but for free, and with lots of happy memories of good times spent with the family.

Its all swings, roundabouts, smoke, mirrors & bullsh1t my friend.

Saturday, February 27, 2016 01:33PM Report Comment
 

5. novice pete said...

The Government expects you to take the s**t they hand you, and then, they expect you to rub your own nose in it.

George Osborne announces more cuts needed same day RBS boss gets 3.9 million pay packet for making a 2 billion loss.

Another wipe your own nose in it headline......MSN Money.... "UK workers put in 31.5bn worth of unpaid overtime a year"

Sunday, February 28, 2016 12:57AM Report Comment
 

6. Novice Pete said...

Love the vid in the link too.

Sunday, February 28, 2016 01:13AM Report Comment
 

7. novice pete said...

love the vid in the link too.

Sunday, February 28, 2016 01:14AM Report Comment
 

8. mombers said...

@1 If everyone spent every spare penny they had on a mortgage, we wouldn't really have an economy to speak of, would we? No jobs get created when you hand over your loot to a bank or landlord.
I'd also add that it is completely unrealistic for the majority of renters to buy, so they might as well enjoy life. Commuting for 4 or 5 hours a day is not worth it.

Monday, February 29, 2016 01:54PM Report Comment
 

9. Additasum said...

I've been following this blog for a long while, haven't posted for years, if at all. I feel inspired to say - at last - the libertas really has excelled himself with that tragic, selfish, baiting comment. (And ticktock: QUITE).

Libby, haven't you got anything better to do than sit around on here all day trying to piss everyone off?

Monday, February 29, 2016 03:28PM Report Comment
 

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