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gf3

Just A Couple Of Questions

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Well, I voted, but neither set of questions really gave me an option that reflected my overall opinion.

HPI I see as mainly driven by credit-availability, and renters only affect HPs in a very indirect way.

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Well, I voted, but neither set of questions really gave me an option that reflected my overall opinion.

HPI I see as mainly driven by credit-availability, and renters only affect HPs in a very indirect way.

Its pointless answering such random trite nonsense.

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I know some people who are selling a 3 bed flat to move into a 5 bed detached house. The selling price of the flat will apparently be HPI-licious(no info on buyers), and I suspect the sale price of the place they are moving to will likely be similar.

Their age is irrelevant but for the fact it is generally the elderly who have sufficient equity make shelling out north of £500k on large family homes even a remote possibility without a telephone number salary.

Edited by The Knimbies who say no

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Well, I voted, but neither set of questions really gave me an option that reflected my overall opinion.

HPI I see as mainly driven by credit-availability, and renters only affect HPs in a very indirect way.

My questions were set. because some people like to blame the boomers for everything and some people can't see when they rent they probably pay a mortgage like a buyer does only the mortgage isn't in their name. They still consume the house (if that is the right word) the same as a buyer does.

So when it comes to the laws of supply and demand some one who rent affects the market the same as some one who has bought.

Edited by gf3

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My questions were set. because some people like to blame the boomers for everything and some people can't see when they rent they probably pay a mortgage like a buyer does only the mortgage isn't in their name. They still consume the house (if that is the right word) the same as a buyer does.

So when it comes to the laws of supply and demand some one who rent affects the market the same as some one who has bought.

This is nonsense.

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This is nonsense.

Ok then lets say there are 20 houses on a island 10 owned 10 rented and demand out strips supply. If the ten owners decided to sell up and go and live in a camper van the cost of houses would fall due to supply and demand. The same would happen if the renters decided to stop renting and move into camper van and the land lord put them up for sale.

You can buy a house or you can rent a house both affect the laws of supply and demand in the same way.

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My questions were set. because some people like to blame the boomers for everything and some people can't see when they rent they probably pay a mortgage like a buyer does only the mortgage isn't in their name. They still consume the house (if that is the right word) the same as a buyer does.

More hand wringing apolojism.

"We just lived our lives, working really hard and now the young pups have come along and ruined it for everyone"

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"We didn't expect to become filthy rich from our house but youngster think they're entitled to the same gains. They're the one causing the the problem.

Acting like evil speculators by renting keeping their families under the threat of 2 months notice. I've no sympathy for them"

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any asset is worth what it is sold for.

financialisation of a market will increase the price.

everything else is minor by comparison.

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More hand wringing apolojism.

"We just lived our lives, working really hard and now the young pups have come along and ruined it for everyone"

I may be older than you but I have no more power to change things than you have. When I bought my first house for £46,000 should I have paid £120,000 instead so the young coming up wouldn't feel so hard done by?

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More hand wringing apolojism.

"We just lived our lives, working really hard and now the young pups have come along and ruined it for everyone"

I find it hard to blame the boomer-owners. Prices were forced up by buyers outbidding each other afaict, which they were able to do because of the excessive credit the banks were throwing around. Expecting anyone to sell something for less than they could get for it doesn't seem very reasonable.

The thing about renting looks like guff. In a functional rental market, yields on rent should match the value of the house, and since rents are limited by wages, this would/should imply lower house prices.

Edit for irrelevancy...

Edited by tomandlu

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my observations

Boomers seem to be picking up the fixer uppers or older homes (hope of gains, or larger homes offering better rental/hmo/subdivision opportunities)

FTBs seem to be picking up the new builds. Mainly out of desperation. New builds may be tiny and even more overpriced, but all the paperwork is done for them, H2B arranged etc.

I wouldnt touch a new build with a barge pole, so im bidding against boomers who dont seem to care what they spend.

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The thing about renting looks like guff.

Edit for irrelevancy...

Come on engage a bit why does it sound like guff?

Say you had a choice. Rent a house for £700 a month or buy a house for £700 a month and you flick a coin to make your decision. Are you saying that depending on heads or tails house prices would be effected or not?

Edited by gf3

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I find it hard to blame the boomer-owners. Prices were forced up by buyers outbidding each other afaict, which they were able to do because of the excessive credit the banks were throwing around. Expecting anyone to sell something for less than they could get for it doesn't seem very reasonable.

The thing about renting looks like guff. In a functional rental market, yields on rent should match the value of the house, and since rents are limited by wages, this would/should imply lower house prices.

Edit for irrelevancy...

The boomer generation have had 40 years to set the agenda.

And we are where we are.

As for the rent guff, its akin to saying that women in short skirts and heels are asking for it.

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The boomer generation have had 40 years to set the agenda.

And consequently there is much you can criticise them/us for*. However, this part of the agenda was set by and for bankers.

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I find it hard to blame the boomer-owners.

I don't. The majority of Boomers think housing being expensive is a good thing, and they tell pollsters this and vote accordingly. Not every Boomer is like this, but the majority are. The politicians are giving them what they want.

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And consequently there is much you can criticise them/us for*. However, this part of the agenda was set by and for bankers.

Boomers have brains, they are free not to believe banker lies. They are responsible for what happens inside of their heads.

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I don't. The majority of Boomers think housing being expensive is a good thing, and they tell pollsters this and vote accordingly. Not every Boomer is like this, but the majority are. The politicians are giving them what they want.

sod all to do with boomers.

its human nature to add up your possessions..everyone does it, kids, teenagers, iphone fanboys, fashionistas, everyone.

Indeed, having "qualified" for huge debt is a symbol of ones "success" and worth in life.

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I don't. The majority of Boomers think housing being expensive is a good thing, and they tell pollsters this and vote accordingly. Not every Boomer is like this, but the majority are. The politicians are giving them what they want.

Dave Cameron isn't a boomer.So what's it like at last to be in the driving seat?

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I don't. The majority of Boomers think housing being expensive is a good thing, and they tell pollsters this and vote accordingly. Not every Boomer is like this, but the majority are. The politicians are giving them what they want.

It wasn't 'given' by the politicians, it was 'given' by the banks - banks whose product is debt. As for the boomers who think expensive housing is a good thing, I refer to them using the technical term 'idiots', and I'm just glad I don't know any of them.

Boomers have brains, they are free not to believe banker lies. They are responsible for what happens inside of their heads.

But it's not lies - if that's the debt the banks are willing to lend against housing, then that's the price. Boomers are not setting the price, since it is not the responsibility of the seller to sell for less than he/she can get. Take ridiculous bank lending out of the equation and the whole charade collapses, irrespective of what boomers and FTBs/whatever 'want'.

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sod all to do with boomers.

its human nature to add up your possessions..

...and take account of inflation? Rising house prices aren't making the average one house Boomer household richer because they still need a house to live in. Maybe poor maths skills are human nature too.

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Dave Cameron isn't a boomer.So what's it like at last to be in the driving seat?

Cameron is almost two decades older than me. My generation won't be in the driving seat for quite some time.

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