On 18 Aug 2018 at 9:11am Nevillman wrote:
Nationally since 1980 house prices have risen by 1025% while average salaries have risen by 317%. This is because the increased wealth that improved technology has brought us has increasingly been accumulated by fewer people. These people have been able to buy property which has increased the demand for houses which increases the price. Many people can then no longer afford to buy houses but are stuck with renting the property owners houses. Until there is a reduction in the level of wealth among the property owners so they are forced to sell their houses I can't see house prices falling much. How ironic that it was Thatcher who tried to create a property owning country who lead to this situation.
On 18 Aug 2018 at 9:56am Drama? wrote:
Why don’t you give your 450k nevill semi away to someone that needs it then ? Smug tit
On 18 Aug 2018 at 9:57am Taxi Driver wrote:
But are you saying you wouldn’t like to make more money and live in a nicer house?
On 18 Aug 2018 at 11:10am Nevillman wrote:
Drama?, I have one house I live in. It is of no use to me that my house is worth whatever because I need it to live in. It may be useful for my children when I die but in the meantime they have to live in rented accommodation. I merely posted because I think it is useful for people to be offered an analysis of the situation that may affect them. NOW I am feeling smug
On 18 Aug 2018 at 11:23am Mr Bingley wrote:
I think you'll find houses were always expensive items. One had to have ambition to get one, single mindedness and work hard, maybe two jobs also. What has changed significantly is the financial aspect. Less building society's, Banks criteria's sharpened drastically, job security etc. And always remember people in those expensive houses started in a one bedroom flat in poorer areas and over many years worked their way up the property ladder.. Remember you may think property is out of your reach, when you are wearing you designer trainers etc that cost £400 and are six months away from the bin.
On 18 Aug 2018 at 11:23am What's most galling is wrote:
an ex Council being privately rented next to a Council one still in public ownership. Private =£800 Council =£500 a month. Thatcher sold the Family Jewels to buy working class votes - Simples. Back in the 60's it was possible to buy your house from WDC @ market value - no discount - I well remember one tenant on an Uckfield estate buying theirs. The consensus among our Mums and Dads was "Why ". More importantly it was possible to secure a mortgage from "Lewes Building Society" for my parents to leave after 1 weeks notice and no rent arrears, on to a modest new build in a village. That scenario will never happen again. ( Not to a decorator and a cook )
On 18 Aug 2018 at 11:25am @ Mr. Bingley wrote:
Take thy excess ''s back to Bradford and stay there. Kind regards.
On 18 Aug 2018 at 11:34am Mark wrote:
You'd have to forgo a great many pairs of £400 trainers to acquire the £30-ishk that it takes to buy a starter home nowadays. Things have changed since the 80s - when Thatcher gave the right to buy (and subsequently sell on to private landlords charging outrageous rents). I see it all as being a form of economic apartheid. The family home is sold and the proceeds inherited allowing the lucky youngsters to pay a deposit. No escape from renting for those who aren't in this position.
On 18 Aug 2018 at 11:49am Mr Bingley wrote:
@Mark You see that's just the problem Mark, its not just one pair of trainers is it, its the whole woe is me, scenario, Stop whingeing and really stop wasting money, forego holidays, meals out, squandering money and really focus on getting a property. Whats wrong with two/three jobs ? The sooner you start, ideally as young as possible obviously, the sooner you'll be on the ladder. No good harping on about the past, its your future. i know so many live at home with Mum and Dads, who just will not focus, and chant the same old story, rather than get off their butts, parcels arriving daily, holidays, regular nights out, not even paying for their keep.
Still if you prefer a good whinge, keep it up and good luck to you.
On 18 Aug 2018 at 12:05pm Mark wrote:
I'm not whinging about my own situation Mr Bingley. I started making my first mortgage payments decades ago when it was a doddle, just as you (perhaps) did. I don't look at today's young and say, "Get off your backside and work" because I recognise that expecting them to save £30k while paying extortionate rents and, most likely, raising young children just isn't going to happen - unless they inherit! Economic apartheid.
On 18 Aug 2018 at 12:30pm Clifford wrote:
Mr Bingley, what do you do for a living and how much do you earn?
On 18 Aug 2018 at 1:27pm Nevillman wrote:
Mr Bingley. Did you not understand my original post about house prices in relation to salaries?
On 18 Aug 2018 at 1:46pm Citizen Smith wrote:
@Nevillman. "Until there is a reduction of wealth... etc." What do you propose? A re-run of the Russian revolution of 100 years ago?
Go and join your friends (the Lewes Labour party) in Grange Gardens tomorrow afternoon- where they will be holding a picnic, where you can share food and drink. Turn up with nothing and see what a frosty reception you will get.
I now have a mortgage and young family. But I WORK to support them. I am too proud to live off confiscated wealth from the "wealthy".
On 19 Aug 2018 at 10:22am bored wrote:
^^I'd guess higher income tax rates, maybe a land tax or similar. Always charging council tax on empty homes, maybe even increasing council tax for second homes, payable by owner, not tenant.
There are lots of non revolutionary ways for wealth to be redistributed. This wealth isn't being confiscated either. It would be used to fund public services, social care, all the sorts of things that are woefully underfunded currently while we have the lowest corporate tax rates in our history.
Check it out here »
On 19 Aug 2018 at 4:06pm Just saying wrote:
This is all great but it’s 100% incorrect, houses aren’t expensive, the land the house is on is the expensive part.
If more land was turned over for housing prices would come down overnight.
The government has given figures (high numbers) that will make a massive difference to supply and house prices. The issue is home owner objecting and inadequate planning departments dragging their heels.
We built our way out of recession in the 30’s, it’s about time it happened again.
On 19 Aug 2018 at 7:03pm Just saying wrote:
Pmsl and half the problem is that the people that thumb down just don’t get it, I swear there should be a test before the right to vote is given out. 3 our of 4 lewesians would not qualify.