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House Price Crash Forum

ucnvpe0

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Everything posted by ucnvpe0

  1. Agreed. I think many things which were basic have become finacialised and/ or turned into an exercise of taking on large debt. University education/ housing/ payday loans etc.
  2. I find it so strange that house prices aren't on the national agenda. Most people I've come across acknowledge the issue but years go by with no change.
  3. I was talking to a boomer about house prices. They said the following statements: - Nobody is entitled to a house or to be homeowner - Everyone on HPC can financially buy a house but is choosing not to buy one - People have unrealistic housing expectations - Everyone has to take personal responsibility for their own circumstances Agree/ disagree?
  4. Sad but true. The government borrowing figures have shown that the sky is the limit if they wish to prop house prices.
  5. There will be a new boomer generation similar to the post-war period. I am in that group that will be trying for the first one in early 2021. I've heard similar things with people i know.
  6. Not worth it. Conspiracy theorists will never accept any rational arguments.
  7. Average pre-tax wage of a full-time worker which takes inflation into account.
  8. Yes. I mean does such a graph exist? Average wage: house prices over the last 10-20 years.
  9. What about comparisons relative to wages? Many industries including mine saw pay freezes during many of those years.
  10. The 2017 election win was the first moment when reality hit for me. I knew I had no choice left apart from buying. The landlords/ asset class were too powerful for anything else to appear realistic.
  11. Ok, I'm trying to get a better understanding. What about the post war immigration from the Commonwealth? Is that not similar in terms of the lasting impact.
  12. I noticed something similar with my friends who studied engineering. The societies kept talking about "workforce shortages" and having to recruit abroad. In reality, the wages on offer were poor compared to I.T/ accountancy etc. I'm confident that more people would have pursued it as a career option if the wages on offer made it worthwhile.
  13. Yes. I'm more focused on how a future HPC might happen or how affordability can be improved (relative to wages). We cant change the past but we can influence the future. I think the role of the central bank in creating this mess gets neglected as well. I wonder how long it will be before interest rates ever go up again.
  14. I don't understand the fascination with Gordon Brown. He is not responsible for the economic situation Britain finds itself in today. If anything, the people who had power after him had plenty of time to change things.
  15. Removing the cap on student numbers was a questionable decision.
  16. Agreed. Your descriptions and analyses of the NHS and University sectors match my experiences.
  17. Yes. Plus each yearly rise will require an even larger drop in future to bring affordability back. "Timing the market" doesn't work. People just need to act when their personal situation favours buying.
  18. It reminds of how people behave on the London underground during rush hour.
  19. I'm not sure where it comes from but i think it's always been the case. Maybe it's linked to the British empire. A European will grow up seeing a rose tinted view. They might visit London as a tourist, like the fact they speak English and have nostalgic mental images of the Queen/ British institutions.
  20. They never add the raw figures in these articles. I wonder how they go about publishing whilst missing such a glaring point.
  21. Exactly. A tried and tested approach that seems to work almost all the time in Britain. Remain vs leave "Scroungers" vs hard working people Home owners vs renters North vs South Public sector vs private sector Millennial vs Boomer
  22. I think part of it might be due to apathy. The mindset of 'why not live life to the fullest when the system is rigged against the common person'. A combination of debt, low interest rates, lack of wage growth etc.
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