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Economics Of The Uk Housing Market Discussion Video With Shelter/generation Rent/priced Out Represenatives

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No doubt no focus on #banHTB which is the one thing that'll actually help them. Typical Leftie waste of time.

All three of the representatives were saying they were against HTB or any subsidies which push up prices. But there is only so much they can say and get across to a group full of older/boomer posh politicians who are all mostly landlords and have no idea how the young live.

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What planet is Duncan Stott on? He wants price stability and wages to catch up.

We need lower F*ing prices.

Has he bought a property?

Amazing isn't it - despite the apparent raison d'etre of all the organisations they seem so utterly blinkered.

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Amazing isn't it - despite the apparent raison d'etre of all the organisations they seem so utterly blinkered.

I got the impression they wanted to be a lot more honest in their responses but felt they have to sort of grovel to all these posh people who have no clue and are probably multi-property landlords with lots of money. The best speaker was definitely the Shelter guy. The poor bloke from Priced Out seemed very nervous and not very good at getting his point across.

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Not sure if anyone is interested but here is the video of representatives from Shelter, Generation Rent and Priced Out discussing the UK housing market (and how dysfunctional it is) with the Economic Affairs Committee on December 8th.

http://parliamentlive.tv/Event/Index/2b33ae18-b4e9-4d39-bb40-4527b3885b90

Well that was very interesting. Only seen the first half hour so far but they were nailing it bit by bit. Although it almost seems obvious how the government is screwing up housing provision rather than requiring all these people to point it out.

Also fascinating to have Lord Lamont regurgitating the 80's and Thatcherism in the face of this disaster.

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What planet is Duncan Stott on? He wants price stability and wages to catch up.

We need lower F*ing prices.

Has he bought a property?

Oh get real. He's hardly going to call directly for a housing crash is he ?

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The poor bloke from Priced Out seemed very nervous and not very good at getting his point across.

Too funny.

Edited by Killer Bunny

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I got the impression they wanted to be a lot more honest in their responses but felt they have to sort of grovel to all these posh people who have no clue and are probably multi-property landlords with lots of money. The best speaker was definitely the Shelter guy. The poor bloke from Priced Out seemed very nervous and not very good at getting his point across.

The Shelter guy will almost certainly have had media and communication training, probably picked for those sorts of talents. Shelter have been at this for years and know how to play the game. The rest might have good intentions but won't have had anything like the same level of training.

I imagine how most people here would come across in the same situation (just imagine a hostile job interview that is being recorded for public broadcast) and to be fair it wouldn't be much better than the PO guy. However, some would totally discredit themselves, perhaps those who found that poor chaps performance mildly amusing...

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I giess that no matter how much training they've been given on interview techniques their answers will be pretty much the prevailing opinion within those organisations and will almost certainly have been briefed to some extent before the opinion/interviews.

Actually it's pretty amazing that they have to have yet another Parliamentary Committee to discuss the problems with the housing market. As if there hasn't been hundreds on the subject over the years already.

Edited by billybong

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The Shelter guy will almost certainly have had media and communication training, probably picked for those sorts of talents. Shelter have been at this for years and know how to play the game. The rest might have good intentions but won't have had anything like the same level of training.

I imagine how most people here would come across in the same situation (just imagine a hostile job interview that is being recorded for public broadcast) and to be fair it wouldn't be much better than the PO guy. However, some would totally discredit themselves, perhaps those who found that poor chaps performance mildly amusing...

As it progressed I think everybody realised beardy guy was leading the charge.

The thing is,so they dismantled government policy, exposing inflationary idiocy, actual winners and losers, and made some headway as to what we could/should be doing.

But where does it go from here ? Doe this just get filed away and only trotted out when somebody asks beyond too late 'weren't they aware ?'

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As it progressed I think everybody realised beardy guy was leading the charge.

The thing is,so they dismantled government policy, exposing inflationary idiocy, actual winners and losers, and made some headway as to what we could/should be doing.

But where does it go from here ? Doe this just get filed away and only trotted out when somebody asks beyond too late 'weren't they aware ?'

Unfortunately where it goes next, is to the two academics who appeared afterwards and gave a much better presentation to ideas that wouldn't last 20 seconds here.

Apparently help-to-buy was a great success and increased the general availability of houses by preventing them from becoming cheaper.

Edit: that wasn't a criticism of the first speakers, who I thought were brilliant given the constraints of politics.

Edited by BuyToLeech

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What planet is Duncan Stott on? He wants price stability and wages to catch up.

We need lower F*ing prices.

Has he bought a property?

Priced Out think that they have no hope of getting what they really want, so their strategy in lobbying the government is to gently try and push things in the right direction.

I don't agree with this - better to just come out and say the 'unthinkable' truth - but at least Duncan Stott is out there getting himself in front of the cameras. It's much more than I have managed.

This 'soft landing' idea might have worked (though massively unfairly to savers) immediately post-2008, but we deliberately suppressed wages with austerity and pumped house prices further with HTB. There's no hope now - in London and Cambridge normal people's wages would have to at least triple. I don't see that happening outside of a hyperinflationary event. If Priced Out are still arguing for a slow rebalancing they're out of touch with the reality of seven years' long hopeless grind.

But I do think anyone willing to put themselves forward and argue against house price inflation in public deserves our support.

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This 'soft landing' idea might have worked (though massively unfairly to savers) immediately post-2008, but we deliberately suppressed wages with austerity and pumped house prices further with HTB. There's no hope now - in London and Cambridge normal people's wages would have to at least triple. I don't see that happening outside of a hyperinflationary event. If Priced Out are still arguing for a slow rebalancing they're out of touch with the reality of seven years' long hopeless grind.

That doesn't make a lot of sense, why would a 'soft landing' have any effect on savers? Savers got screwed with interest rates 0.5% for the past 6 years.

HTB is part of the problem, but not the only driver of HPI, certainly not in London.

Where is wage inflation going to come from?

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Because inflation devalues the value of money in the bank. If the pound had tanked and average wages had increased to 100k/year, houses would have been affordable again but people who had spent five or ten years saving 20k would have been rightly miffed that their competitors could save the same in a year.

Before Help to Buy prices were broadly flat. Then Osborne decided a housing bubble would win him the election, and London resumed rising 10% a year.

And yeah, wage inflation isn't going to happen - the 'soft landing' scenario is now nonsense.

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But that's happened anyway, you may not of noticed but a lot of stuff has gone up (inflation) in the past 6 years. And the argument is kind of flawed because everyone gets the advantage of the 100K salary.

The problem at the moment is we a have a two horse race, those seeing F*all in real term wage inflation and those whose who get that £100K a year.

Here's a good example:

http://www.theguardian.com/politics/2015/dec/17/osborne-hands-advisers-big-pay-rises-while-freezing-public-sector-wages

hea Rogers, a close associate of Osborne, received the biggest rise among all the political special advisers across government, an increase of 42% since the figures were released last November, giving her £98,000.

Since then, advisers hired by the chancellor include James Chapman, the Daily Mail’s political editor until the election, who is now paid £125,000; and Sue Beeby, who previously worked for Jeremy Hunt and is being paid £73,000 to be part of the Treasury team.

The footnote to the data also shows that the chancellor has taken on three other politically employed advisers who sit on the council of economic advisers – Richard Davies, who is paid £98,000; Neil O’Brien, who is paid £93,450; and Jennifer Donne, whose pay is not registered.

The data shows that Cameron has 32 advisers – six more than in November last year. Twenty-three are paid more than £63,000 a year. Topping the list are his head of communications, Craig Oliver, and chief of staff, Ed Llewellyn, who both earn £140,000.

Popular fella this Osbourne:

George Osborne 'Booed' At 'Stars Wars: The Force Awakens' Premiere In London

http://www.huffingtonpost.co.uk/2015/12/17/george-osborne-booed-at-s_n_8826010.html

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But that's happened anyway, you may not of noticed but a lot of stuff has gone up (inflation) in the past 6 years. And the argument is kind of flawed because everyone gets the advantage of the 100K salary.

The problem at the moment is we a have a two horse race, those seeing F*all in real term wage inflation and those whose who get that £100K a year.

Here's a good example:

http://www.theguardian.com/politics/2015/dec/17/osborne-hands-advisers-big-pay-rises-while-freezing-public-sector-wages

hea Rogers, a close associate of Osborne, received the biggest rise among all the political special advisers across government, an increase of 42% since the figures were released last November, giving her £98,000.

Since then, advisers hired by the chancellor include James Chapman, the Daily Mail’s political editor until the election, who is now paid £125,000; and Sue Beeby, who previously worked for Jeremy Hunt and is being paid £73,000 to be part of the Treasury team.

The footnote to the data also shows that the chancellor has taken on three other politically employed advisers who sit on the council of economic advisers – Richard Davies, who is paid £98,000; Neil O’Brien, who is paid £93,450; and Jennifer Donne, whose pay is not registered.

The data shows that Cameron has 32 advisers – six more than in November last year. Twenty-three are paid more than £63,000 a year. Topping the list are his head of communications, Craig Oliver, and chief of staff, Ed Llewellyn, who both earn £140,000.

Popular fella this Osbourne:

George Osborne 'Booed' At 'Stars Wars: The Force Awakens' Premiere In London

My bold.

The BtLers?

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Well it would be funny if it was the BtLers - but it's not, it's young people in general, there is a real disdain for this Tory goverment amoungst the younger generation. And who can blame them, they have been well truley F*d over, from student debt to housing and empolyment.

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Well it would be funny if it was the BtLers - but it's not, it's young people in general, there is a real disdain for this Tory goverment amoungst the younger generation. And who can blame them, they have been well truley F*d over, from student debt to housing and empolyment.

It doesn't tend to be poor young people invited to those events. Indeed plenty of youngish people but those ones invited don't tend to be that poor. Actually they tend to be pretty rich - they tend to invest in property. There are often articles in glossy magazines about how many properties they own.

Now if it had been an event about scientific and engineering etc achievements etc then for sure the student debt, housing and employment etc might be a factor - but how many of those events do they (him and his pals) attend.

Edited by billybong

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You don't have to be young and poor in London to not to be able to afford to buy a house, you could be on an average income and still not be able to put a roof over your head.

You will find he also got booed at the Olympics.

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