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StraferJack

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Posts posted by StraferJack

  1. "If we (the state and/or private developers) did (and had) built more homes then prices and rent wouldn't be as bad."


    I've said it a million times - even if enough (define?) houses were sudden;y built tomorrow, the outcome would be unacceptable to current homeowners. For prices to lower enough to meet yer average wage earner, current property would have to fall massively in value. There would be outcry


    or maaybe there wouldn't - maybe people saying "just build more - problem solved!" would be happy for the 1 million they spent to suddenly be worth 300k


    because if you build several hundred thousand houses and prices just plateau for a couple of years that doesn't help the problem

  2. if people are moving AND looking to see their property rise in price then you can't just blame "property investors". They are a problem too, but so are homeowners who want (then depend on) property price rises


    I'm not trying to have a go at the OP by the way - my first response was one of "good luck" but as the thread developed it was a useful example of what's wrong with the way people think of property. Profit motive should drive work and innovation - it shouldn't be linked with where you live.


    Prices are rising not just because houses aren't being built - they are rising because owners insist they do

  3. "As an aside I think you're both naive and a bit simplistic to think that the profit motive is some how intrinsically wrong..... which isn't to say I don't think the London housing market ain't broke by the way "


    there does come a point when the two competing viewpoints snap tho?


    Most people seem to think the London housing market is broke - but when it comes to nailing down exactly why, people seem to get squeamish and blame concepts like "supply and demand" rather than the reality that the profit motive, in this market, is eating itself?


    Am i sneering at people who want property prices to rise? I wouldn't say sneering but I will consistently point out it is the problem

  4. "m seeing an obvious third option - move to an area which is a bit down-at-heel but with signs it is on the up, and you believe will turn out to be a nice place to live."


    More option 2.5 but yeah nothing wrong with that - and if that happens then the probability is that house prices will rise. But if you are moving there with a view to hoping the prices rise as a significant factor then I can't see that as anything other than drawing bridges up behind you

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