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House Price Crash Forum
Dave Beans

(How) Would You Change Your Life If You Didn't Have To Pay Such Astronomical Housing Costs?

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Reckon I could have enjoyed some good high class whores and some vintage booze over the years on what I have paid to the Banks in mortgage payments.....

The rest I would have probably wasted.......

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I'd go to the pub more often. And save a nice rainyday/business start up fund.

I'd do that if they reduced the tax on beer too.

I'm like this, so started homebrew. unfortunately I'm terrible at it.

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Perhaps have another kid, work part time, or perhaps completely change career direction (one that may not pay as much)?

For most people it's probably have the same housing costs and just live in a nicer / larger house... and I guess that's partly why we have the issue - most people want to live in a nicer house than they currently do / can afford to live in.

Personally - probably try and convince my employer to allow me to work 3 days a week.

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If the cost of buying a house was lower we would have roughly been in exactly the same boat, as inflation wouldn't have been so large as a consequence.

Everything would have been cheaper, and thus our wages would have been lower as well.

Nothing would have changed.

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Perhaps have another kid, work part time, or perhaps completely change career direction (one that may not pay as much)?

Probably would have had an extra kid and non-working wife.. Or just lived much closer to work.

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I'd buy, set up a home, integrate properly in the local community, buy things I liked to make it a better home for myself, get a dog, settle down with a nice girl, have a garage with an interesting car I'd tinker with, maybe have kids in the future, live in peace and quiet, not worry about when the latest landlord is about to force me out of whatever flat im in that i dot particularly like, and i wouldn't be working now on leaving the country.

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If the cost of buying a house was lower we would have roughly been in exactly the same boat, as inflation wouldn't have been so large as a consequence.

Everything would have been cheaper, and thus our wages would have been lower as well.

Nothing would have changed.

Your theory only works if everybody has identical financial circumstances. Clearly that isn't the case. High house prices produce winners and losers.

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I'd buy, set up a home, integrate properly in the local community, buy things I liked to make it a better home for myself, get a dog, settle down with a nice girl, have a garage with an interesting car I'd tinker with, maybe have kids in the future, live in peace and quiet, not worry about when the latest landlord is about to force me out of whatever flat im in that i dot particularly like, and i wouldn't be working now on leaving the country.

:( so true

Is so bad to just want a dog? Not even allowed a dog in modern britain if you're not an IT contractor.

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Your theory only works if everybody has identical financial circumstances. Clearly that isn't the case. High house prices produce winners and losers.

It was a parody of our well known regular who claims high house prices make everything expensive.

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Easy, I wouldn't have left the UK.

The correct answer is that most people would buy a nice house, with a garden, room for hobbies, etc... and because of the change in economic perspective noboy would think they were rich. :rolleyes:

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If the cost of buying a house was lower we would have roughly been in exactly the same boat, as inflation wouldn't have been so large as a consequence.

Everything would have been cheaper, and thus our wages would have been lower as well.

Nothing would have changed.

Cheaper housing -> increased productivity/£ -> higher standard of living. Broken window falacy blah blah blah

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I know a number of people whose mortgage repayments are at 50% of their income.

One example is a service engineer, who bought a god awful little one bed semi in West Yorkshire, for 140k. Near the peak.

He lives on free cups of tea from customers, and scounge's sandwiches to keep him going. When he's asked if he wants a coffee, he'll even cheekily ask if they have anything to eat....... He cannot afford to do anything at all. He Just works. [im pretty sure his situation has made him clinically depressed]

[Personally, having spent ten years working my **** off with nothing to show for it. No Capital. I would like to see the economy crash spectacularly. That might sound callous, but Im way past caring. I'm not existing as a slave for another decade. No Way.]

I know that if house prices had not been manipulated to rise by 300% in a decade. my Life would be very different. Its embarrasing to admit to it.

But you do feel like you have very little to offer. You have to put a lot of life's decisions, like settling down, children etc, on hold, indefinitley.

I think many 'priced out' people feel like they are in limbo, when every step forward you are pushed back.

And most gallingly its all down to our stinking government and a bunch of elite bankers.

Edited by Milton

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  • 331 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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