Thursday, September 28, 2006

Action not words

BBC Questiontime

If enough people ask questions about high house prices and what can be done to resolve the issue, it might get some coverage on the programme? Follow the link and ask a question about high house prices and the impact on society. Its all very well everyone talking about it here, but it needs to be talked about out there!

Posted by miniftse @ 11:21 AM (2151 views)
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25 thoughts on “Action not words

  • done –

    Why are high house prices considered a good thing when it is only banks and Governments that actually benefit from the rise in value?
    Most young people can no longer buy a home in their own country,and those few that can must take on huge (and unsustainable?) debt even to buy the most basic of housing for their family.
    Why does the Government not tax 2nd. home owners/ BTL investors out of their selfish and, socialy destructive investments, and allow the market to ‘correct’ to a sensible level that might allow young people the same opportunity to own a home that was afforded to their selfish ‘Buy to let’ crazy parents.

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  • Financial Planner says:

    done

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  • Done

    Average house prices are now around 8 times average salary which is astronomically high by historical standards. Could you ask what is likely to be done about the high cost of housing in the UK? Can they not see that it poses a severe threat to the long term economic stability of the country with dire social consequences?

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  • Done and dusted.

    – along the lines of “can’t afford a house …loads of low end property for sale where I live, so no shortage of available housing…. All priced to high.. what are you going to do about it…”

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  • Good point, have just posted my question with some strong comments.

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  • Are they the right people to ask these questions? I’m quite sure they’ll say they’re not.

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  • Posted my question simple one “Why are house prices not included in the inflation measure?”

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  • C'mon Correction says:

    Good idea miniftse, I’ve posted my question. There needs to be more media coverage on the fact that high price inflation isn’t always good.

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  • george monsoon says:

    Paul, You may be correct,

    I don’t watch question time because most of the questions put forward are political finger pointing. things that hold no relevance in my world. Still, if enough people push forward the issue of overpriced housing, we may see some air time devoted to the subject.

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  • Waitinforarmageddon says:

    done – read this site daily-think its great – scares the life out of the girlfriend though!!! come on everyone get typing and ask them the question ….after all they are the ones who let it get this bad..!!

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  • Ask (a variation on) whether Crash Gordon’s legacy will be an economy brought to its knees by a credit fuelled bubble in house prices.

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  • My question:

    Along the lines of New Labour has seen a massive growth in the price of houses which has resulted in greater property investment. So isn’t it time the property rich (second home owners and BTL-ers) were hit with a larger tax burden.

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  • I believe all markets correct themselves. The current housing bubble has been created by the availability of cheap and plentiful credit not a lack of supply. This sitiation can not last forever. (Just look at the US)

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  • My Question – just submitted:

    With the housing market teetering on the brink of the abyss, just as it did in the late 80s/early 90s it is obvious that Britain cannot learn lessons with respect to our most basic need (shelter). How does the panel feel that we can stop speculative property bubbles from forming in the future?

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  • You mention the US – I had a call today from someone who has just bought a place in Florida – but it’s okay – the developer has agreed to pay the mortgage for the first year…!

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  • bidin’

    Wow. I hope the tradition of the UK inheriting US trends continues. Still, I won’t buy a Ford Fiesta for £50,000 so I won’t buy a UK have for “average” price. If they drop, I’ll remember to ask the developer to pay the first year of the mortgage.

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  • Done.
    Why does the Government not intervene to curb the rise of house prices ( i.e. with a tax on short term property investments), but instead seems to encourage it so that equity releases keep fuelling the economic bubble?

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  • I asked the muppets why the issue of the UK’s debt crisis and the insane cost of property is never debated on QT. I also questioned the impartiality of Dimbleby who I consider to be a NuLab toady who fobs off any awkward questions about these issues

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  • anyway guys it looks like a house price crash in the near future is remote, now the ftbs have been virtually excluded from the so called housing ladder, maybe its a better idea for the government to tighten up rental arrangements, similar to the rental arrangements that happen in most of europe.

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  • Done.

    But I see that none of the questiopns were addressed. Just mumbling on about Cherie and Gordon.

    We should probably do this more often though.

    Much more often.

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  • Well, atleast we tried, good effort all.

    Personally not a big fan of question time, I think the host is very poor, show has lots of potential but is currently very wet. Noticed one guy in the audiance did hit the nail on the head when they started banging on about the healthy economy, he reeled of a load of stats that suggest otherwise and made his point well. However, everyone chose to leave that topic and talked light hearted trash, they probably couldnt face talking about the size of their debts.

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  • Done too!

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  • Yes, I didn’t miss the comment (and agreement by Jack Straw) that the labour party is basically bankrupt too.

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  • Saw the replay on the web, the uy made all the points that are talked about on here. Hopefully the topic will get revisited next week

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  • Good work lads. Hope it made an impression.

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