Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Poundland coming to Chiswick | |
Posted by: | Adrian Irving | |
Date/Time: | 16/09/14 13:23:00 |
Why do people think rising house prices are a good thing. They definitely are not for 95% of the population. All it means is larger mortgages(if you can get one), higher Stamp Duty(now bloody ridiculous) Higher legal fees,the slow death of local communities,The Bank of Mum & Dad having to stump up even more dosh and first time buyers stuffed,etc etc. Falling rents would free up the movement of labour, leave more disposable income to be spent in local shops etc etc. Instead the only winners on higer house prices are the Government coffers, developers, benificeries and possibly down sizers. Higher rents go to a relatively few landlords and that's about it! Savills latest flyer spouting on about the market annoyed me. It showed a projection on house prices over the next few years using weather symbols. No increase = cloud. Little increase = cloud with a little sun. Large increase = full sun. I dare say if house prices were to fall they would use a thunder & lightning symbol! I am an estate agent with decades of experience and seen the damage high house prices have done to society. I think my generation seem to know the price of everything but the value of nothing.We have screwed it up big time for our kids I am ashamed to say. Yes, before you ask, my house has rocketed. |