House price gravy train may have hit the buffers

[blup]

Most of today’s youngsters wouldn’t even consider doing that

Either because they can’t afford to buy or have the bank of mum and dad to help.

 

[blup]

That's been going on for a long time. Sadly it's just a London thing, prices there had got utterly out of control.

What you call utterly out of control is no more than the application of free market principles

Anyone with any sense is abandoning the place for the surrounding areas, cashing in and escaping rapidly rising crime.

More Londistann propoganda.

I thought UK prices were unsustainable in the early 2000s. Thankfully my other half persuaded me to go along with buying our first house, against my instincts. I remember saying to someone that it was just a place to live, not an investment and there's no way it would ever be worth more than the £200k we were paying. About 15 years later we sold for £350k, although probably half of that rise was the money we spent on the old shack.

House price inflation was far greater over that 15 year time period

So many MPs (including Labour party) have property investments that there's a massive corrupt vested interest in keeping the grazy train going, eating their own young in rent payments.

Nothing to do with personal interest, everything to do with Thatcher's obsession with the free market.

At some point it has to crash, but I wouldn't ever predict it happening.

unlikely, first time buyers have too put in far more equity nowadays

Although the likely Labour party death of the UK economy will probably make it inevitable.

Nothing to with Labor

I hope I get to see it. We own one house, it's paid for and I don't want to sell it. So whether it's worth £1 or £1million doesn't matter in the slightest. But I'd really enjoy watching a few massively indebted all-flash-and-no-cash types face reality.

Banning foreign investment in uk property would help, although the money launderers would suffer

 

[SPLINE]

Most of today’s youngsters wouldn’t even consider doing that.

The 'vigorous new British' are fine with living in run-down shlt holes! Visit the occupied towns of the north to experience the worlds of bypassed electricity, ten in a room, unregistered occupants etc etc.

 

[JohnD]

My latest example is a friends daughter who asked her mum for a reduction in her rent as it’s too expensive. She did this immediately after booking a very expensive holiday to Japan

The rent she pays is a very small percentage of her take home pay as a qualified nurse

Is that intended to support your opinion the young people in the past didn't want the best life they could?