Jump to content
House Price Crash Forum
Sign in to follow this  
dog

Do You Trust Your Parent's Judgement?

Recommended Posts

Enron homes

Unlike the Germans and Japanese, British parents tell their children that house prices only go up.

In Japan, the bubble burst, and house prices have fallen to less than half their 1990 peak. In Germany, they have dropped 30 percent since 1992. People are holding mortgages often greater than their homes are worth, resulting in a form of indentured servitude.

British parents encourage and support their children onto the housing ladder despite the fact that the UK economy is increasingly dependant on borrowing and public spending. Unemployment and inflation are rising. The US and Australian property markets are in severe difficulties. The UK property market also has the furthest to fall since property prices here are amongst the highest in the world.

Buying property in the UK today must be the height of folly.

Share this post


Link to post
Share on other sites

I for one would not encourage my kids to buy at the moment.

I would wish that they enjoy their lives, and not be stressed out trying to hold down a job they were unhappy in to pay an extortionate mortgage.

The freedom of slaves is measured by the length of their chains. ;)

Share this post


Link to post
Share on other sites

Enron homes

Unlike the Germans and Japanese, British parents tell their children that house prices only go up.

British parents encourage and support their children onto the housing ladder despite the fact that the UK economy is increasingly dependant on borrowing and public spending. Unemployment and inflation are rising. The US and Australian property markets are in severe difficulties. The UK property market also has the furthest to fall since property prices here are amongst the highest in the world.

Buying property in the UK today must be the height of folly.

nice link - so you're a commie eh? ;)

interesting that the author concludes that the only way to acheive security in housing and employment is through socialism. Risk is actually endemic in the system - it is merely a question of who bears it. Unions and state jobs are an effort to inure certain people against it, but end up loading it onto the remainder...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.