Friday, Nov 13, 2009

In praise of property porn

Telegraph: Property TV shows, switched-on youngsters

The girls I met at my former school in Dorset last week are avid watchers of property programmes. They race to finish their homework in time for Location Location Location.
Is it not slightly worrying that we are cultivating a generation of property addicts? Not according to Sarah Beeny, presenter of Property Ladder. “It’s good to give people aspirations,” she says. “It’s more positive than going out drinking vodka.”
Michael de Pelet of Knight Frank agrees that the younger generation’s enthusiasm for property television programmes can only be seen as a good thing. “Everyone should strive to own their own house rather than blowing all their money on holidays,” he says. These programmes have brought people to the market who wouldn’t otherwise have bothered.

Posted by little professor @ 08:00 PM (1191 views)
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8 Comments

1. dude said...

But let's be honest. People only want to own their own home so at some point they don't have housing costs. If you rent you will always rent, but if you buy there should come a point where you own your own home. That is the prime reason for home ownership. What is so telling is that now there is a high proportion of home owners in the UK they are keen not to let anything 'reduce' their asset. So if you live somewhere with a view you are unlikely to want others to share the home-owning dream if it means their homes are in your view. So we have very tight planning laws that restrict house building, and help to keep prices high. If you are already on the ladder that suits; if not, tough.

The other aspect of home ownership -- capital growth -- is also very attractive. This is (still) seen as easy money. And with so much of our economy centred around housing is it any wonder. I am enjoying the bad news around BTL, but I think the media are guilty of pushing this out to the whole country. So the comments in the Torygraph are not really that unexpected.

Until this country moves away from the homes are seen as some sort of economic asset, rather than a place to live, we will have this nonsense. Now if renting a home was a much cheaper alternative, the incentive to buy would be much less. It amazes me how this country gets away with the ridiculous charges on so many things that are essential. So it costs an arm and a leg to buy, but it also costs an arm and a leg to rent. Simply because the private rented sector is so big, and they are trying to buy on the back of others. That is wrong.

And you look at public transport. My daughter recently came back from Rome. There the cost of rail travel is tiny compared to the excessive cost here. Again, another privatised system whose aim is simply to make money, not provide a service. Yet people seem to accept this as the way it is.

This country is full of the greedy, and yet we do nothing to pressure our politicians to implement policies that will curb this disgraceful behaviour -- indeed it seems the country aspires to join the ranks of the greedy.

I've said it so many times before, the problem is not the way the country is run, but is with the people themselves. Until the people wake up, we will get what we seem to deserve.

Britain, well the British, are rubbish.

Friday, November 13, 2009 08:23PM Report Comment
 

2. Scaddaye said...

Yes, its good to see that the entire population from the age of 14 to 80 has now caught 'property obsession'. I remember my nephew wanting shares for his 15th birthday back in 1999, was all the mania then, imagine asking a teen if they want shares today and they wont know what you are talking about, lets hope housing as a mania goes the way of dot.com shares.

Friday, November 13, 2009 08:25PM Report Comment
 

3. mander said...

Fabulous,
Teach the youngsters to invest in property. In the most illiquid asset while the rest of the world youngster are busy creating something and not being rushed on the property ladder.
But Sarah implies that if youngsters do not invest in property they will do in Vodka.
No further comments.

Friday, November 13, 2009 08:43PM Report Comment
 

4. Enough Already said...

Are they in a 'special' school or something?

Friday, November 13, 2009 09:04PM Report Comment
 

5. . Kaks said...

Look at the mess home "owners" are in in the US. The new "Location, Location, Location" now being the nearest tent city, perhaps?

http://www.bloomberg.com/apps/news?pid=20603037&sid=aaXO2EVjAjb4

U.S. Foreclosure Filings Surpass 300,000 for 8th Straight Month

Friday, November 13, 2009 09:21PM Report Comment
 

6. drewster said...

From what I've gathered, many young people invest in vodka because they can't afford a house. It sounds as though the girls interviewed are the upper-middle class types for whom mummy and daddy will buy a house when they go to university.

Saturday, November 14, 2009 12:56AM Report Comment
 

7. Ghostbusters said...

could we please stop giving publicity to anna tyzack articles . i find her a bigger irritant than phil and kristy .. i am amazed she gets paid money to write this stuff..

Saturday, November 14, 2009 08:04AM Report Comment
 

8. Alfie said...

Whats worse being addicted to alcohol or being addicted to property??

Its all about vested interest, TV stations hype up the shows for rating and money, and presenters hype up the programmes to save their jobs and egos.

But we all know they promote a false sense of being able to make money and a no lose scenario

Maybe we all need to go back to school?

Saturday, November 14, 2009 06:45PM Report Comment
 

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