Bbc Radio 2 Jeremy Vine - High House Prices

[GordonBrownSpentMyFuture]

On now.

http://www.bbc.co.uk/radio2/

Nick Clegg is looking for ways to tax the rich and wealthy. The former Crimewatch presenter Nick Ross has just sold his house for nearly £35million, having bought it 30 years ago for £900,000 – a huge profit. Should he be forced to pay tax on what is arguably unearned income?

Brilliant comments from Richard Murphy.

Edited September 26, 2012 by GordonBrownSpentMyFuture

[GordonBrownSpentMyFuture]

Item finished now. Worth listening to later on iPlayer for Richard Murphy's spot on HPC comments. Other than that, it was your usual homeownerist pap.

[Caveat Mortgagor]

His tweeting worries me... Free money to drive up rents is the order of the day and move more people to the margins.

Richard Murphy ‏@RichardJMurphy

Edwina Currie says she wants to cut benefits so people can get houses.Explain that to people who can't afford rents Edwina, ley alone houses

[The Knimbies who say No]

His tweeting worries me... Free money to drive up rents is the order of the day and move more people to the margins.

Richard Murphy ‏@RichardJMurphy

Edwina Currie says she wants to cut benefits so people can get houses.Explain that to people who can't afford rents Edwina, ley alone houses

Murphy is a paid-up Socialist Utopian. That he happens to be on message for HPC today (I have not listened) is not an indication that the rest of the stuff he comes out with is of interest. Killer Bunny will be able to give an insight into his basic character, if memory serves correctly.

Edited September 26, 2012 by cheeznbreed

[GinAndPlatonic]

He gave that egotistic woman Edwina Currie a fairly sound beating, except she will never realise or understand that.

[The Knimbies who say No]

He gave that egotistic woman Edwina Currie a fairly sound beating, except she will never realise or understand that.

Currie is exactly the sort of individual whose rise to front bench politics is indicative of all that is wrong. She is a shameless self-publicist, gleefully lapped up by a compliant media, and if the current edition of Private Eye is to be believed, she ought to be in the dock for perjury to boot, having won damages from the Observer after they insinuated she was having an affair. She took them to court and won, but in her new book (the reason she's over the airwaves like a rash at the moment) she reveals she was indeed having an affair.

[GinAndPlatonic]

she reveals she was indeed having an affair.

She is blind to any of her own wrong doing, totally self centred.

[zugzwang]

Currie is exactly the sort of individual whose rise to front bench politics is indicative of all that is wrong. She is a shameless self-publicist, gleefully lapped up by a compliant media, and if the current edition of Private Eye is to be believed, she ought to be in the dock for perjury to boot, having won damages from the Observer after they insinuated she was having an affair. She took them to court and won, but in her new book (the reason she's over the airwaves like a rash at the moment) she reveals she was indeed having an affair.

Politics as show-business, the electorate an audience, morality a matter of ticket-sales.

Can the Observer not counter-sue in light of these revelations?

[The Knimbies who say No]

Politics as show-business, the electorate an audience, morality a matter of ticket-sales.

Can the Observer not counter-sue in light of these revelations?

I'd hope they'd do more than that. Lefty rag with a golden opportunity to send a Tory ex-Minister down? How can they resist(assuming the situation is as described). I don;t mind saying I'm gagging for them to get on the case:

http://www.private-eye.co.uk/sections.php?section_link=columnists&issue=1323

[winkie]

Listened, Edwina Curry doesn't live in the real world........the other guy ran circles around all her one-sided ' how the other half live' or 10% live objections. .........unbelievable.

[Killer Bunny]

Killer Bunny will be able to give an insight into his basic character, if memory serves correctly.

It does.

Not only is he seriously nasty, he is dangerous. He is paid by trades unions to spoubnt Socialist dogma crap with a plummy accent and he gets airtime.

Were toast.

[cybernoid]

Caller.. value of your house is 'sacrosanct' ! Shouldn't tax it.

Leave our House Prices Alone!!!

'The under 40s are locked out of the housing market'

Edwina Currie - 'What's that got to do with the housing crisis?'

The entire country is up to their necks, assuming the next buyer of their house is going to pay it all back for them. Too late.

There are many like Currie as well, problem? what problem?

Amazing.

[Ascii]

Murphy is a paid-up Socialist Utopian. That he happens to be on message for HPC today (I have not listened) is not an indication that the rest of the stuff he comes out with is of interest. Killer Bunny will be able to give an insight into his basic character, if memory serves correctly.

+1

He's not the brightest either - Timmy quite often tears him a new one.

[winkie]

It does.

Not only is he seriously nasty, he is dangerous. He is paid by trades unions to spoubnt Socialist dogma crap with a plummy accent and he gets airtime.

Were toast.

Don't know him from Adam like I don't know you or anyone else, I listened to the words and they made sense.....doesn't mean I will vote for him or follow him or agree with any of his other views or opinions.

[Dorkins]

'The under 40s are locked out of the housing market'

Edwina Currie - 'What's that got to do with the housing crisis?'

"People who already own houses don't give a sh1t about other people's housing problems" is practically the UK's national motto.

This is why the idea that 'the Olympics brought the country together' was pure nonsense. Everybody got excited about some bloke they've never heard of sailing around Weymouth harbour, but caring about something important like millions of British people denied access to decent housing at a reasonable price? No thanks.

[cybernoid]

"People who already own houses don't give a sh1t about other people's housing problems" is practically the UK's national motto.

This is why the idea that 'the Olympics brought the country together' was pure nonsense. Everybody got excited about some bloke they've never heard of sailing around Weymouth harbour, but caring about something important like millions of British people denied access to decent housing at a reasonable price? No thanks.

To accept houses cost too much is to accept their house isn't worth as much as they thought... or more likely, as much as they borrowed against. "Im not just a financially illiterate debtor!! I've moved up several classes because I deserve it! I have I have!"

I believe Im alright jack and bu66er everyone else.

[bmf]

"People who already own houses don't give a sh1t about other people's housing problems" is practically the UK's national motto.

This is why the idea that 'the Olympics brought the country together' was pure nonsense. Everybody got excited about some bloke they've never heard of sailing around Weymouth harbour, but caring about something important like millions of British people denied access to decent housing at a reasonable price? No thanks.

It's the cost of doing something. There is nothing you can do to help the sailing guy win, other than "send out good vibes" for 10 minutes. Wrap yourself in the Union Jack (made in China) for 5 minutes? Okay! God I love this nation!

Millions shafted by high house prices? Taking a cut in your unsustainable pension and/or downsizing without raping the next generation but you can't go on a world tour? Hmmm. No.

[okaycuckoo]

"People who already own houses don't give a sh1t about other people's housing problems" is practically the UK's national motto.

This is why the idea that 'the Olympics brought the country together' was pure nonsense. Everybody got excited about some bloke they've never heard of sailing around Weymouth harbour, but caring about something important like millions of British people denied access to decent housing at a reasonable price? No thanks.

WTF are you talking about?

My 5 year old niece still thinks I nipped down to Weymouth that Saturday morning I was supposed to take her to the park - the day I "almost" picked up a bronze medal in shark-pursuit wind sailing. Unfortunately the BBC screwed up and didn't get it on camera. She thinks I'm great and she doesn't own a house. It HAS brought us together.

[Dorkins]

WTF are you talking about?

Edwina Currie's casual failure to care about the fact that most people under 40 are locked out of buying a house, which unfortunately is very common among people of her generation.

The flag-waving at the Olympics was supposedly evidence of some great British spirit that unites us all, but I see none of it in reality. What I see is an older generation and a middle one which couldn't care less that the younger generation is struggling to live a normal adult life. Indeed, many of them are actually richer for having their boot on the neck of the young.

[bmf]

Edwina Currie's casual failure to care about the fact that most people under 40 are locked out of buying a house, which unfortunately is very common among people of her generation.

The flag-waving at the Olympics was supposedly evidence of some great British spirit that unites us all, but I see none of it in reality. What I see is an older generation and a middle one which couldn't care less that the younger generation is struggling to live a normal adult life. Indeed, many of them are actually richer for having their boot on the neck of the young.

About 15 people between 10 and 20 now will win gold at an olympics in the future - it's possible - will you try hard enough? If not it's your own fault!! It's easier than ever nowadays - we used to have to train before going to work etc etc etc

[Bloo Loo]

Politicians....they shouldnt be allowed to make decisions about anything involving anyone else.

You can see Currie's point though....prices are what they are, its just that bankers arent lending enough.

This is the view throughout politics...whether its a busted bank, a busted Country, a busted currency, the problem is never how we got here, it is always that there isnt enough money to support where it is supposed to be going.

[silver surfer]

"People who already own houses don't give a sh1t about other people's housing problems"

People who have a secure council house don't give a sh1t about private renters housing problems.

People who have just got a seat on the train don't give a sh1t about other commuters transport problems.

People who have got what they want from the NHS don't give a sh1t about other people's medical problems.

I guess it really is a dog eat dog world out there.

[(Blizzard)]

People who have a secure council house don't give a sh1t about private renters housing problems.

People who have just got a seat on the train don't give a sh1t about other commuters transport problems.

People who have got what they want from the NHS don't give a sh1t about other people's medical problems.

I guess it really is a dog eat dog world out there.

I don't believe this is as common as you suggest, but it also isn't important.

The reason it isn't important is that very few people are actually better-off in the long term with overpriced houses.

At the very least, you need to own more house than you consume. So you need at least two houses.

Then you subtract the extra costs in the economy caused by higher rents for businesses, jobs lost to cheaper countries and the pressure on the transportation system due to the inefficient location of people and businesses, for example. These real are costs we all pay.

It doesn't take into account the social costs - dual income families having to work to pay rents, lack of social mobility, unemployment and inequality - nor the extra taxes raised to 'fix' some of these problems. Again, homeowners are paying taxes to pay for childcare, to pay housing benefit and to subsidise railways.

Finally, it assumes that you don't have, or don't care about, the housing needs of your children.

So although everyone is to some extent selfish, even if we disagree over the extent, their support for house price inflation is not really caused by rational selfishness because it is clearly not in their own self-interest.

It is ignorance - they've been fooled.

Edited September 27, 2012 by (Blizzard)

[cybernoid]

So although everyone is to some extent selfish, even if we disagree over the extent, their support for house price inflation is not really caused by rational selfishness because it is clearly not in their own self-interest.

It is ignorance - they've been fooled.

Agree with this in the main, often I paint the world in terms of caricatures in order to make a point... but there are PLENTY of retirement age folks out there DEMANDING a crazy price for their house/flat/bungalow, the 'not giving it away' brigade. And in these cases it is selfishness and greed, and demonstrably irrational because they simply will not sell at those prices. So in those cases it is emotional rather than rational..., 'I deserve', 'they want it all these days for nothing','I worked hard all my life', etc etc.

Many will die before they sell and live a poorer life at their end as a result of it. Selfishness and greed isn't necessarily rational, it could be ignorance, it could also be spite.

Any rich man would give it all away to get their youth back. Don't underestimate the power of envy... a lot of the time it is simply spite.

The best the young can do is enjoy themselves, they'll get housing eventually when these sorts are dead. I'd rather be a 20 something in a clapped out old fiesta going to a music festival with my friends than an asset rich old guy with a clapped out body peeking out from behind the curtains in a cold massive house. And so would they.

[Caveat Mortgagor]

I'd rather be a 20 something in a clapped out old fiesta going to a music festival with my friends than an asset rich old guy with a clapped out body peeking out from behind the curtains in a cold massive house. And so would they.

I was with you until this bit, for 2 reasons

1.) Music nowadays

2.) Festival goers nowadays

I hate queues, hate most modern music and hate being drenched by some complete strangers warm pi$$ whilst I'm trying to relax and have a drink