Neither but, as it was Nosey's phrase, ask him mebbe?
To me though, borrowing another £30k where you're already heavily indebted and committed to a raft of other repayments, is not wise......
Should billionaires and multinationals pay fair tax?
- Thread starter JohnD
- Start date
Neither but, as it was Nosey's phrase, ask him mebbe?
To me though, borrowing another £30k where you're already heavily indebted and committed to a raft of other repayments, is not wise......
I’m not sure freeports add value.
Cameron never bothered renewing the license for freeports because they weren’t a benefit.
It is a consideration but the answer is complex, I don’t think it’s necessarily a given.
Certainly globalisation does mean money can be easily moved around these days + the world is dominated by big business, sadly we can’t just tell Amazon, Google, Apple etc what to do.
There is far more wealth inequality in the U.K. than most European countries / Western economies
If other countries have less inequality and better living standards for ordinary folk, I think that means the U.K. can do better.
- Joined
- 31 May 2016
- Messages
- 15,782
- Reaction score
- 2,371
- Country
The argument being made originally was that asset price inflation in the housing market was a bad thing.
However, house mortgage rates are lower than marine and car finance rates for example, primarily because boats go down in value. Therefore the loan is riskier as the lender's potential loss due to default risk increases over time on a boat/car and reduces over time on a house. Next we have the building industry, which we can see depends on the investment increasing in value to justify the investment.
We don't have to guess.. experts tell us its a fact:
www.the-glazine.com
So we need the value of houses to go up, in order to create the economic environment for house builders to build and home owners to invest.
However, house mortgage rates are lower than marine and car finance rates for example, primarily because boats go down in value. Therefore the loan is riskier as the lender's potential loss due to default risk increases over time on a boat/car and reduces over time on a house. Next we have the building industry, which we can see depends on the investment increasing in value to justify the investment.
We don't have to guess.. experts tell us its a fact:
Will house prices drag home improvement down with them? | The Glazine
www.the-glazine.com
So we need the value of houses to go up, in order to create the economic environment for house builders to build and home owners to invest.
We need homes, yes.
You missed out renters: what do they need house values to do?
thats bolox
Uk housebuilders were perfectly able to build houses decades ago when ratio of house value to wages was far lower
- Joined
- 31 May 2016
- Messages
- 15,782
- Reaction score
- 2,371
- Country
If a house cost £100k today and £75k in 5 years, would you rent or buy?
If you were borrowing money to buy the above would you be happy.
If you wanted to be a landlord, would you increase the rent of a property likely to fall in value to make your return?
Why are you always seeing the owning of a home as a business venture or from the viewpoint of Rigsby Inc? Many buy or need a house because they need a home, irrespective of what the house market may do.
More false propositions, to support your position.
What is wrong with aspiring, as a nation, that housing is seen as an affordable right for all and owning, a sustainably affordable prospect for those of realistic means?
That housing is a good, safe investment is most of what is wrong with "the market".
- Joined
- 25 Jul 2022
- Messages
- 10,707
- Reaction score
- 803
- Country
- Joined
- 25 Jul 2022
- Messages
- 10,707
- Reaction score
- 803
- Country
WrongThe argument being made originally was that asset price inflation in the housing market was a bad thing.
However, house mortgage rates are lower than marine and car finance rates for example, primarily because boats go down in value. Therefore the loan is riskier as the lender's potential loss due to default risk increases over time on a boat/car and reduces over time on a house. Next we have the building industry, which we can see depends on the investment increasing in value to justify the investment.
We don't have to guess.. experts tell us its a fact:
Will house prices drag home improvement down with them? | The Glazine
So we need the value of houses to go up, in order to create the economic environment for house builders to build and home owners to invest.
- Joined
- 31 May 2016
- Messages
- 15,782
- Reaction score
- 2,371
- Country
For most people it is the single most expensive asset they will ever own. Why is anything wrong, with that being a safe investment. Why would anyone want someone to lose money... their hard earned money on that.
Are you asserting property shouldn't be an investment? As in there should be no financial gain whatsoever year on year?
Or are you saying some appreciation in value is acceptable?
If the latter, what limit would you suggest is put on any gains and how would that be administered?
- Joined
- 25 Jul 2022
- Messages
- 10,707
- Reaction score
- 803
- Country
I'm saying stop denying it's an investment.
No one is asserting that anyone should lose money.
But yours is a very selfish, short-term view.
Those of us that have kids, we naturally want to do what we can for them.
Safety and security, good morals, education, that sort of thing.
When helping out with their purchase of first house - using the bullshoite "value" yours has accumulated - becomes a necessity rather than a bonus, where does it logically end?
It's unsustainable.