High Housing Costs Price Brits Out Of World Jobs Market

[sapodilla]

Politicians are part of the problem, out there flipping they're own houses. They wanted house prices in the sky, thats why they removed mortgage interest from the inflation.

Unfortunately the vested interests of politicians will ensure that the property party stays a float. Whichever party is in power it is in the interests of this minority to keep property as an asset class inflated. We need a full public disclosure of all property assets held by current members of parliament. Lets see how many of our parliamentarians are property developers and landlords. How many of them are compromised in their attitude to the housing issue.How many of them are conspiring to keep the value of property inflated.The truth would be quite shocking.

Until a correction in property prices occurs a whole generation and more will stand no chance of owning a home.This is the plight facing young people today. Unfortunately not enough is being done to address this issue and it is of gathering urgency.

[ingermany]

Increasing housing costs, rather than increase the nations wealth, actually just increase British peoples labour cost.

Why would anyone who wants to set up a business, head for the UK, when we Brits cost so much to house ourselves?

Why don't our politicians or media ever get this?

Those countries that have had their housing crashes, can at the very least now benefit from much cheaper workers going forward. (When/if demand ever returns)

But sadly, UK politicians seem to insist on making us too expensive to employ.

Interested to hear HPCer views.

However, nearly all our GDP is related to consumption and retail spending. And this is heavily dependent on housing equity. We're trapped in an economy that "needs" high house prices. And now the government is taking a 20% stake in the nation's housing equity, as well as owning the deeds of the properties mortgaged by the 2 biggest lenders. Falling house prices will trash the Treasury, and despite the apparent insanity of it, government will therefore need to continue spending 100s of billions on subsidies and schemes to keep houses as expensive as possible.

[Tired of Waiting]

Unfortunately the vested interests of politicians will ensure that the property party stays a float. Whichever party is in power it is in the interests of this minority to keep property as an asset class inflated. We need a full public disclosure of all property assets held by current members of parliament. Lets see how many of our parliamentarians are property developers and landlords. How many of them are compromised in their attitude to the housing issue.How many of them are conspiring to keep the value of property inflated.The truth would be quite shocking.

Until a correction in property prices occurs a whole generation and more will stand no chance of owning a home.This is the plight facing young people today. Unfortunately not enough is being done to address this issue and it is of gathering urgency.

Very good post.

[SarahBell]

Nonsense.

4 out of 5 Pret a manger employees manage to find the housing costs acceptable.

Perhaps some surveys on how they live might be useful.

[cashinmattress]

I'm not naming names, but constant tin foil references which seem to be paraphrasing Alex Jones and other nut job broadcasters verbatim are ruining the experience and undermining the point of this website.

Come on mods. Can you please sort this crap out?

[SleepyHead]

However, nearly all our GDP is related to consumption and retail spending. And this is heavily dependent on housing equity. We're trapped in an economy that "needs" high house prices. And now the government is taking a 20% stake in the nation's housing equity, as well as owning the deeds of the properties mortgaged by the 2 biggest lenders. Falling house prices will trash the Treasury, and despite the apparent insanity of it, government will therefore need to continue spending 100s of billions on subsidies and schemes to keep houses as expensive as possible.

Spot on.

Unfortunately we're sinking in a death embrace with the over-indebted, and they're taking us down with them.

And not even a thank you from them. Charming.

[Tired of Waiting]

Spot on.

Unfortunately we're sinking in a death embrace with the over-indebted, and they're taking us down with them.

And not even a thank you from them. Charming.

Exactly!

Very well put.

And the rentier parasites have already weakened the hosts, a lot, and are still at it. If they don't stop, or at least reduce their leeching, the host will keep going down, and the parasites with it.

[erranta]

I know... "see my sig." and all that...

Though I'm not sure our politicians don't get this. I think they do, at least partially, specially the leadership. I think the main problem is that allowing house prices to fall is a vote loser, since 2/3 of households are owner occupied, and they vote at a higher rate than the other third.

And despite all that the government did try to liberalise planning, but it was blocked by the Tory base and other anti-building lobbies such as the National Front Trust and the Campaign to Protect Rural England, all supported by the Telegraph and other right wing media. Actually also the left wing media is against building, though for "green" reasons, since they are against building on the countryside and also around towns and villages, the so called "greenbelts"! This view is supported by the BBC, the Guardian, Independent, etc. Result? Very few house building.

This is absurd erranta. Our bubble was home-made. You really should calm down and take a look at what you've been saying. Your positions and posts have become increasingly absurd in these past weeks. Please think about our bubble inflating phase, Gordon Brown (a Presbiterian), the voters, etc. then read the post you have just posted.

These are not real problems erranta. You are imagining them. They are NOT real. Really.

+ 1

As I said above, 2/3 of households are owner occupied, and they like the high "value" of their houses.

Like boiling a frog - they slowly warm them up into a stupor (so they dont jump out)

I have been posting ''troofs' for years - all hidden down in off topic.

The country is being overtaken bouncing between EU laws and Westminster degredation

(private police forces. Private armed forces are meant to be forbidden in UK law - these BREAK THE LAW and are unaccountable to the people of the UK etc to only protect interests of the usurpers, Big Business + Banking Classes (the enablers of the Sting) + NWO heathens)

ALL MARCHING to protest against GOVT CRIMES - "VERBOTEN"

- who spread mayhem and constant agitating UK dis-order distractions whilst they implement their veiled stratagies in the UK.

You just 'pretend' not to notice

(note the rise of shit stirring far right provocateurs the elites are 'enabling' - always ends in major wars or civil wars)

Edited April 28, 2013 by erranta

[SleepyHead]

Exactly!

Very well put.

And the rentier parasites have already weakened the hosts, a lot, and are still at it. If they don't stop, or at least reduce their leeching, the host will keep going down, and the parasites with it.

Yep. I'm clinging to the hope that democracy, and some sort of morality might actually kick in eventually.

This is encouraging.

http://www.nypost.com/p/news/business/wall_st_criminal_behavior_Rg3GqOXPwjJqrYFWV0tyEJ

[Dorkins]

with 40% of the workforce in a job for life public sector role

Link?

[AvoidDebt]

Metro claiming that prices are back to 2007 peak. Front page news celebrating debt slavery. The greatest swindle in history continues unabated.

[fluffy666]

I think they believe in people taking responsibility for their own actions and if one borrow too much, they (and the lender) suffer the consequences.

But the whole problem with this is that in a bubble situation both the borrower and lender do well, at least for long enough to blow up the system. The borrower gets to buy a rapidly-appreciating 'asset', the lender gets to book profit on a loan, the middlemen get their commission, and anyone who draws attention to the sustainability of the situation gets fired - ask the former heads of risk management at RBS and HBOS.

Legal restraints on the ability of individuals to borrow against housing are the only way to stop house price bubbles and the resultant crashes happening