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fru-gal

Renting Your Way To Poverty: Welcome To The Future Of Housing

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Interesting ten-year barchart in there.

Only in London have house prices outpaced inflation over ten years. Only in London and the southeast have they topped - or even reached - 1%/year.

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Interesting ten-year barchart in there.

Only in London have house prices outpaced inflation over ten years. Only in London and the southeast have they topped - or even reached - 1%/year.

Most of the HPI had been done by 2005 - see hpc.co.uk front page. I think it was 2004 when prices went up 20% YoY.

TPTB have done a good job of treading water since the 2008 crash thanks to SMI, ZIRP and HTB.

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One amazingly obvious thing that the MSM overlook about raised costs to keep a roof over your head: it's bad news for businesses who aren't providing roofs over heads. If I'm paying another £100 a month to provide a roof over my family's head, I'll skip going out (pubs/restaurants), Aldi will replace Tesco for my weekly shop, I'll drive less and shop less. Only the landlord wins out of that one.

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Just think of the boost to the economy when every landlord has an extra £100 to spend!

Unless of course the landlord is just using the extra £100 to keep up the mortgage payments.

Still, think of the boost to the economy when the banks have all those extra £100s!

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Unless of course the landlord is just using the extra £100 to keep up the mortgage payments.

Still, think of the boost to the economy when the banks have all those extra £100s!

They can lend more money to more landlords!

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For a majority of young adults they face the equivalent of zero hours contract at work – the 2 months notice to leave a property should you landlord wish you out. Just eight weeks to find a new home. Welcome to the future.

So they'll be best to travel light so they can up sticks in an instant. Not exactly a great foundation for the consumer society but travelling light isn't of itself a bad thing either.

Apart from that it's a wicked policy.

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Interesting ten-year barchart in there.

Only in London have house prices outpaced inflation over ten years. Only in London and the southeast have they topped - or even reached - 1%/year.

If we're talking about the same bar chart, the most poignant thing/error I saw was the reference to 'value' rather than 'price' which I suspect it really is referring to.

i.e. If anything, the VALUE in London housing/property market has gone DOWN inversely proportionately to that chart.

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Just think of the boost to the economy when every landlord has an extra £100 to spend!

Yeah, mass-market economies work really well when the 99% become poorer. Ask most SMEs how they're doing these days - those landlords sure get around pollinating the economy with their gains. Trickle down effect, blah blah blah.

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Prices have risen because the government has been trying to get them to rise. At the end of 2014 the campaigning organisation Priced Out calculated that the government-sponsored Help to Buy programme had helped raise average prices by £46,000 in 18 months – or 27 per cent – resulting in an additional 258,000 renters being priced-out of buying a home as compared to the 31,000 buyers helped by the scheme. Some 3.5 million people who would have normally been able to buy a home are now trapped in private renting.

So it's not helping those 258,000 people to buy - despite calling the schemes things like Help to Buy.

It's trapped them - it's Help to Trap.

It's making things worse for them and if they're young/youngish then they might still have been Conservative voters (Libdems now recognised as little different to the Conservatives) thinking that they would help with their aspirations.

But No the Conservative/Libdem coalition from the LibLabCon have set them back and apparently from the article if those running the country have their way that's going to be for ever.

Edited by billybong

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The article makes some good points and supplies some interesting facts and figures.

For some reason and as usual there's no discussion in the article of governments' policy of an ongoing rapid increase in the UK population.

Edited by billybong

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