Saturday, Aug 26, 2006

Thirty grand deposit now needed to buy for the first time

Firstrung: First time buyers against a 'property brick wall' due to lack of affordability

Over the past ten years, the rise in house prices has been so pronounced that accessibility is almost 300 percent worse than in 1996 and currently as low as the weak levels experienced in 1980.

Posted by converted lurker @ 12:00 PM (551 views)
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4 Comments

1. Ticktock said...

= 'Government must act to create more social housing and tackle the problem of nimbyism in the countryside by building affordable housing for key local workers


And what about non-'key' workers? Who decides who, or what, is a 'key' worker? What about non-workers, the unemployed, the disabled, the old, or even just those with no skills?
Are those who do not 'qualify' as important enough in the service of the Middle Class simply to be socialy engineered out of the Country, or out of existance all together? Where do they go?
Wouldn't it be easier to just end the tax breaks gifted to multiple home owners if there were genuine concern for the plight of all those not graded 'key' ?
Sorry if voicing such a crazy idea seems a little 'old fasioned', or perhaps makes me a communist evil doing terrorist that hates freedom etc. etc. but as a non- American, this nasty right-wing social policy makes my English stomach turn.

Saturday, August 26, 2006 08:32PM Report Comment
 

2. Retiredbanker said...

Ticktock-

You are certainly guilty of "thought crime", and terrorist intentions to those with their snouts in the trough.

It is only a matter of time before you wake up to a ring of hard faces round you bed, and are taken away
for "reeducation".

Sunday, August 27, 2006 11:48AM Report Comment
 

3. Walt said...

Excellent points. The problem of unaffordable housing could be alleviated a great deal if this useless government would regulate the free-for-all lending by financial institutions which has helped to fuel the buy-to-let market. When property becomes an investment, it encourages prices to shoot up beyond the levels that simple market forces would ordinarily dictate. We now have more 'wealthy' people buying second homes than ever before, again reducing the amount of available housing and causing price increases. The government initiating reasonable taxation on capital gains from property, taxation of second homes, and land value taxation would accomplish more than discriminatory home buying schemes ever will.

Sunday, August 27, 2006 11:56AM Report Comment
 

4. Caledonian-emigre said...


Quite right Ticktock.
Nu Labour has down more to destroy the fabric of British society than any other government since WWII
We seem to be going back to some kind of Dickensian Britain with gaping chasms between rich and more.
What ever happened to the patriotic notion of supporting the nation as a whole, for the benefit of everyone? - it increases standards of living all round.

Sunday, August 27, 2006 12:09PM Report Comment
 

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