howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
This is what I've been saying for a long time, Howard: house prices in the UK are artificially hyped, at least three times more than they should be. Yet the article would suggest even six to eight times higher.
It is a result of houses being sold at non-real-market prices, and needs addressing through an Act of Parliament.
Houses should only be sold at their real market value, which must not be left open to speculation and to cowboy-privateer interpretations.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
don't think anything can be done about house price inflation alex, all about supply and demand. the way i see it demand will always increase due to the population continually rising and less new builds as there are not many brownfield sites left.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
But rent too has risen in proportion to house prices, Howard, and the Government pays housing benefit according to standard accommodation rent in any given area.
So the speculation in house prices causes individual and State bankruptcy.
Unless people see through all this, we will continue along the road of all-round bankruptcy.
As we all pay tax, we are all paying through our ears and nose for speculative economy.
And as the State has no plan to curb mass immigration, it will just go on....
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Immigration will continue until such time as UK living standards have declined to match those in Poland/Bulgaria/Turkey/Iraq/Afghanistan/Bangladesh/Vietnam, when it will start to reverse.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ALL POSTS ARE MY OWN PERSONAL VIEWS
