Eh? In that time we've gone from full employment (seriously, there were not enough workers and employers would compete for workers) to today. We've gone from average house prices of 3x or 4x to 15-30x today.
My Grandad was a queen wasp. He pulled himself up by his bootstraps so hard, that first he evolved into a beaver, then a horse, then finally after he bought his third Rolls Royce, he became a real person.
That doesn't sound right.
Me personally? It's in Glasgow, and my job is in Cornwall...
I'm not sure how moving to Glasgow and giving up my job here really helps. I might not be able to find work in Glasgow?
Also it's two small rooms and a shared communal hall. If that's a flat then so is my wardrobe. For £100k, wow, such value. And I still get to pay a service charge for the communal area.
Just lol.
Anybody defending the housing market has totally lost touch with the reality of your average lower-paid worker. Or (as you do) think we should just house the population in wardrobe-sized boxes. Factor in that many have families, and can't live in a wardrobe..
Listen, @Psycho Sonny . Let me phrase this another way.
Why can't you find a different job? That's right. Why can't you stop being a landlord and do something worthwhile, instead? Like a nurse or an engineer.
You keep saying why the lower paid should move and change careers. Why can't you allow the state to provide housing, and change YOUR career? Go do something that actually adds value.
Try it, you might like it. Rather than being a landlord. Which is imho a somewhat parasitic vocation
Personally, I think the average wage figures are skewed by the increasing wealth gap between top and bottom earners. Esp down here, where the contrast is fairly stark.
That last part. Does that sound sustainable to you?
Being a parasite sounds great when you have no social conscience, I'm sure.Ahh said Mr Stalin , welcome to Communism .
You really don’t like landlords do you , just thought I’d pipe up and tell you I’m buying another .
I'd rather not rely on luck. I'd rather we legislated against things like foreign ownership, have proper rent controls, etc.
The UK govt are actively propping up the housing market - not just failing to apply brakes or limits. The UK govt is doing all it can to make things worse for FTB.
I'd rather not rely on luck. I'd rather we legislated against things like foreign ownership, have proper rent controls, etc.
And that the govt should stop doing everything in its power to stop the market correcting. Propping it up at every opportunity.
"Communism," as the other chap said
(When the govt uses our money to inflate the housing bubble you don't hear them complaining)
As for banks, they lent money to people who made investments that didn't pay off, let them fail. Then bail out the bank's customers (like some countries did in the GFC) rather than the banks themselves.So instead lets just keep making the problem worse?
I am for people pulling themselves up when young, but you don't want to spring this kind of thing on families in the middle of the lives. It's just chaos.People borrowed money to buy an asset that went down in value, tough luck. Let them deal with their own problems. They should pull themselves up by their bootstraps. Do you think the government should guarantee returns on investments people make on leverage?
It's funny people who are all about putting yourself up and love the free market somehow expect the government to turn up and save their investments.
If housing is an investment it should be allowed to go down and fail. If it's not an investment it should not be profitable to own/hoard houses. Simple as that. You can't capitalise the gains and socialise the losses.
And they have no problem with the govt measures that keep prices inflating, it seems.
