Bill Gates Posted August 25, 2005 Share Posted August 25, 2005 Who is most to blame for the property boom and the high property prices? Quote Link to comment Share on other sites More sharing options...
IMD Posted August 25, 2005 Share Posted August 25, 2005 You missed a category: 'The people buying the houses'. I've been capable of buying for about a year - but in the current market i'm not going to. I attribute this to me having 'a brain' and understanding the concept of 'value for money'. It appears there's alot of people in the UK who lack these 2 qualities, and they are entirely to blame. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted August 25, 2005 Share Posted August 25, 2005 Off you go to the Off Topic Forum. Please Quote Link to comment Share on other sites More sharing options...
Ignorant Steve Posted August 25, 2005 Share Posted August 25, 2005 Who is most to blame for the property boom and the high property prices?<{POST_SNAPBACK}> Are you ever going to give up your sordid sexual exploits on House Price Chat? A virgin a your age eh? Quote Link to comment Share on other sites More sharing options...
Hairlocks Posted August 25, 2005 Share Posted August 25, 2005 the STR's are going to help the HPC, as they are selling there houses, but not buying another one i.e. increase supply , but not demand. I also believe they, as they have a house worth of stuff, they are not renting the the typical BTL's 2b flat, but need to rent a house which you can actually live in. Quote Link to comment Share on other sites More sharing options...
isoprene Posted August 25, 2005 Share Posted August 25, 2005 You missed a category: 'The people buying the houses'.<{POST_SNAPBACK}> I agree, the general public who, bless em, are as mad as a bus, helped increase prices by panicing and buying property before 'its too late and we'll never be able to afford one'. Result, high demand, higher prices, which is exactly as it should be in a free market. In my humble opinion of course... Quote Link to comment Share on other sites More sharing options...
Dames Posted August 25, 2005 Share Posted August 25, 2005 You missed . The Gullible herd. D Quote Link to comment Share on other sites More sharing options...
Kam Posted August 25, 2005 Share Posted August 25, 2005 you missed the Government - for changing the Housing Act, with out that BTL would have been on a fair and level ground, Quote Link to comment Share on other sites More sharing options...
GAL BEAR Posted August 25, 2005 Share Posted August 25, 2005 My knowledge is not as encompassing as you guys on here but as i understand it several factors have caused house prices to rise....... 1.SELLING OFF COUNCIL HOUSES - causing a shortage of homes. 2.GORDON BROWN MUCKING ABOUT WITH PENSIONS (not too sure what he did exactly but know it caused everyone to move their money into property). 3. BUY TO LET taking off (due to Gordon Brown mucking about with Pensions) 4. PROPERTY PROGRAMMES talking the market up. 5. INTEREST RATES kept low. 5. 9/11 - (I read somewhere that the BOE deliberately kept Interest rates low after 9/11 to stop a recession. 6. BANKS/BUILDING SOCIETIES kept increasing lending multipes. 7. SENTIMENT - Which Thank God is chaing now ! 8. STOCK MARKET performing badly. Well these are my main bug-bears!!! Quote Link to comment Share on other sites More sharing options...
homeless Posted August 25, 2005 Share Posted August 25, 2005 (edited) the main thing responsible is this public servants put pressure on everyone, the media fed these stories to the populance of how they were so underpaid and hard up. hence everyone from police to nurses to dole snoops all got way above inflation pay rises. pay rises way above the general populance that supported them getting it(i say supported it was more manipulated) All the pensioners voted for the poor nurses to get more money without thinking who would actually pay for this, and without thinking that perhaps they were well paid in the first place. All this extra government money giving to government workers by indebting the nation is what is surely responsible for greater house prices. Edited August 25, 2005 by homeless Quote Link to comment Share on other sites More sharing options...
Guest struthitsruth Posted August 25, 2005 Share Posted August 25, 2005 Lenders and brokers for turning a blind eye to mortgage fraud. Quote Link to comment Share on other sites More sharing options...
Bluelady Posted August 25, 2005 Share Posted August 25, 2005 Surely it's perfectly obvious that the people responsible for house price inflation were those people who were prepared to buy houses at ever increasing prices. They've stopped now which is why the market is flat. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.