Quote:
Originally Posted by mertle
Osem one problem with that that is EXPENSIVE britain. At current we would never compete even if we cut our national spending to the bone.
The land and property prices so grossely inflated beyond any reasonable sense.
The government got options devalue it might not be popular but we got to consider driving those prices down. London and the south been huge culprit with it commuter belt pricing. So wages have to follow in line sp people not just afford morgages but even just to rent property around place of work. To cap it companies end up paying over the odds too.
Blame successes of governments to not keep the housing market and estate agents in line. Some will say aha its only the value that people willing pay but it seems all its done shove wages higher estate agents see more milking and it keeps spiralling out of control.
The rest of the country now see also prices starting get silly even in predominant poorer areas. I saw terraced house where usually it was 50k I am now seeing 100k and one in not brilliant area 160k  . You would be bananas to buy terraced 160k when you get semi or detached or bungalow similar priced better location.
It just crazy greed.
|
i would agree that house prices are a driving factor for higher wages therefore higher prices but without actualy forcing prices down with capping i can't see what we can do about that because so many people use there homes to either obtain credit or as a pension fund