Quote:
Originally Posted by Ignitionnet
I loathe Thatcher for one thing Arthur, what she did with regards to housing. Something the government since massively exacerbated by advocating using homes as some sort of bank.
The governments reflect their constituents, right now the biggest group, and the one with most of the wealth, is the baby boomers, so inevitably governments are elected which reflect that agenda.
That's my main bugbear at the moment, and one this government, the London Assembly and my own Borough are doing what they can to continue as the status quo. Not surprising given they are from that generation.
I've been reading The Pinch and having what is basically a campaign against affordable housing in this area shoved in my face, with the response to my saying it's unfair and noting that all the campaigners pictured are the same old generation being that if I want reasonably priced housing I should move to Croydon, because clearly only earning 6 figures shouldn't entitle me to be able to purchase one of the houses one of them would have purchased for a fraction of the real cost and could never in a million years afford now. |
It's all down to money in the end of day, the people that are retired & now needing the money for keep now even the same (people) ones that got the housing market in this state, over heating the market - prices!
It's well known with council tax it goes up but never goes down so there a big clue to where, the housing boom got us - a sticky place, should I or should I not. They all want to make a profit in end of the day not a big loss. (Which most likely said do when interest rates go up & public sector cuts come into effect) It's said that house prices need to go down another @15% to balance the whole market out, not the other way (up).
Quote:
Originally Posted by Ignitionnet
I've been reading The Pinch and having what is basically a campaign against affordable housing in this area |
Well, the campaign may work but will be there down fall when the area housing market goes bang when all the buyers dry up or people start to lose there over priced homes after no-one able to afford the rates etc.It's only going to take one part of the market to drop, then it going to go bang much bigger this time - this time the government won't even cover any mortgage payments, just the people that have spent well + broke, just paying off the interest on the mortgage to perosons that are able to pay the maximum total each month with their own cash not credit card or loan.
It was the people that over borrowed in the first place + over spent on a over priced property in the first place that going sink us all, not now but the coming future for all of us.
Quote:
Originally Posted by Ignitionnet
that if I want reasonably priced housing I should move to Croydon, because clearly only earning 6 figures shouldn't entitle me to be able to purchase one of the houses
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Well as well as the yester-years home buyers they bought at market prices, as with home buyers now, no thing stays still for too long in any format. Well if you can only afford to buy a home there & is looking -you got two choice go + buy or wait.With waiting your playing a 50/50 chance, that house price may go up to much for you to even get a mortgage at that time & given that you have to raise 25% of the sum to get some mortgages you'll be hard pressed.
It's been the same for years even decades, everyone agrees that we need more housing, but once it's on someone doorstep - they don't want it any where near them full stop, key to getting any new development is to
rip the boundary's of the class system (wealth) up in the area. Yet these same people moan about lack of services in area at the same time, where a few extra houses would make business sense to start to run services after people have moved in. It comes down to access, road network & area of land taken up for the development on paper.
tonlight
---------- Post added at 18:13 ---------- Previous post was at 18:02 ----------
Quote:
Originally Posted by Ignitionnet
The UK did have debt toonlight but no budget deficit - it was getting paid back and continued to be getting paid back until a chancellor who decided he'd abolished the economic cycle continued spending like it while encouraging people to borrow in lieu of saving in order to consume capriciously and keep the economy going.
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Isn't the borrowing all the money we did in the first place (labour) did the most damage, after all labour did have highest number of public sector jobs on record by borrowing to pay these same striking persons?
Yes I know borrowing has to done, but not at Labours levels, then spend more again for the rest to keep it a float. All the borrowed money comes at price, it has to be paid back at % interest over the sum borrowed hence inflation rate
Anyhow who came in to power after labours time would have to make deep cuts to pay back the money that the past government paid out to keep the UK's economy afloat, after the stock market dip.
As they say "what goes up, has to come down" so we are in a come down period from a all time high borrowing spree - loans have to paid back. Book/spending has to be balanced or less than your paying back to your creditors, just think of it like a personal loan. (it's near the same thing but much larger)
toonlight