There's all sorts of conspiracy theory nonsense going around the net Imps.
It's far easier for Putin to influence the net than influence CNN, the BBC, or reputable newspapers.
There's all sorts of conspiracy theory nonsense going around the net Imps.
It's far easier for Putin to influence the net than influence CNN, the BBC, or reputable newspapers.
Are there any reputable newspapers”?
A conspiracy site whose other articles feature the suggestion that the Rothschilds were behind the crash of MH370 and 9/11 Trutherism. Again, better sources needed.
Not the one I read. I just googled Soros / Catalan and that turned up as No1................until of course Open society's denial which is now No1. Power, influence and all that. gets you to the top of the rankings.
Unrelated but a couple of years ago i had a elderly neighbour who lived a few houses down, who i used to pop over to help him with things from time to time, who had a stroke and was taken into care but was still hoping to go back. He had apparently appointed his neighbour to take over his finances etc. A month or so later i noticed a sold sign outside the house. Looked online and found his neighbour had sold it to himself for half its value, and looking at his facebook page, had also sold off all its contents, family heirlooms and stuff. In the will he had intended everything to go to charity... Started crying when we told him about it.
Reported it to the Office of the Public Guardian, and i believe it went to court and eventually were forced to pay the remainder of the value of the property into the estate so it was sold for value effectively. No other punishment and still in control of his finances i understand from the elderly gents sister. One of those things that makes you lose faith in humanity![]()
I've definitely read that older houses are more in demand than new builds. I can't really say why though.
That is awful. Not just the theft/fraud aspect but the "punishment."
When new builds are new........i.e. straight from the developer and often you get to choose the interior and trimmings they are a premium price. They do sell well. Once they have been lived in people do prefer to buy the sturdier old houses which more often than not have a bigger garden.
Another aspect is that new builds tend to be all 3 bed upward "executive" houses. By this I mean that they are hardly building any smaller "non executive" houses that are the ones that the rental market, first timebuyers want.
Countering the 8.3% reduction in prices in my ward, My council house is currently at £80k (going by 2 (private) that sold earlier this year. When we moved here in December 2007 they were selling at £55k to £65k. Similar can be seen in the Terraced areas in town. The "cheaper" houses have increased by a third bucking the trend while the more expensive houses have reduced. This of course causes a cycle.
If you are in your terrace and the value has gone up by a third while the 3 bed semi have stayed the same then a lot more people are moving up to the next rung.
The property portfolios and first time buyers are snapping these smaller houses up within days of them going on the market thus the "cheaper" house prices continue to buck the trend.
All the while more and more "executive" homes are being built.
So I think a lot of it is that the supply in the middle of the market is growing while the supply at the bottom of the market is not or reducing if you count houses available for those that want them in an increasing population.
I don;t know what value my Mum and Dad's house was 15 years ago. I know they bought it for £15k in 1981 which after inflation (using the BoE calculator) works out at £53k so they've quadrupled their money there.
What definitely needs to happen in the housing market is a focus on smaller "starter" homes. It is becoming pointless every single development being "executive" housing with a couple of smaller ones added to appease. Maybe they could try and build some houses without the posh porch with roman pillars and conservatory included as standard?
The BBC report today, though raising some good points, was similar to the puff on generational financial friction they did yesterday. a bit poor and not challenging some silly statements.
The gap in housing value is surely growing but has always been there and, like interest rates, should be considered by all making a life changing decisions such as a house purchase. I was laughing out loud at the lady interviewed yesterday saying her generation were in debt because of the facilities and systems provided by a previous generation so should be let off their debts.
If you've chosen to buy a house to live in, to suit work, schools, and your social life then any increase in value is a bonus surely. Those of us who survived the 80s would know all about negative equity and high interest rates, something cheerfully forgotten when we're told we had it easy. We've always lived in areas where housing was not cheap (Sussex, Rural Dorset and Wimborne) but paid out much more earlier in our working lives to achieve that.
As my wife pointed out yesterday our first car (excluding my **** bikes and occasional £50 Robin Reliant) cost £150, about 2 weeks wages. It lasted for three years. The BBC should be looking at people entering those silly lease car arrangements which is stacking up loads of debt without much of a final reward.
To be fair, what the modern media bang on about, about the youth, or younger people in society is that their dwindling number are having to pay the pensions of baby boomers [bbs]. Are priced out of homes because bbs have bought them all, and finally, their chances of having a prosperous life, less encumbered by the free flow of labour and culture, dropped through the floor when bbs voted to leave Europe. Older bbs have had the best chances, in a relatively guilt free environment. The earliest ones established themselves in an environment of full employment, so they were able to get a foot hold on the housing market if they had a modicum of sense. They've barely had to be responsible about the environment, yet they've had a field day with it, and it is the younger members of society, and those who come after them, who will foot the bill for bbs having a nice time. Plus, bbs had free access to higher education, with grants. The young have to choose between racking up the debt, or deciding whether to chance their arm getting a job without higher education, knowing full well their chances of buying a house is practically nil.
I'm 59, so I'm post-baby boom, but I know very well how hard it is for the younger people in society. I have 12 nephews and nieces. They are way more educated than the average older person, yet I doubt whether they'll get anywhere near as financially stable and worry free in their lifetimes. Just because they live in an era of faster and faster technical progress where 'science and technology will find a way', doesn't mean to say that their lives will be any richer than previous generations.
To be fair, what the modern media bang on about, about the youth, or younger people in society is that their dwindling number are having to pay the pensions of baby boomers [bbs]. Are priced out of homes because bbs have bought them all, and finally, their chances of having a prosperous life, less encumbered by the free flow of labour and culture, dropped through the floor when bbs voted to leave Europe. Older bbs have had the best chances, in a relatively guilt free environment. The earliest ones established themselves in an environment of full employment, so they were able to get a foot hold on the housing market if they had a modicum of sense. They've barely had to be responsible about the environment, yet they've had a field day with it, and it is the younger members of society, and those who come after them, who will foot the bill for bbs having a nice time. Plus, bbs had free access to higher education, with grants. The young have to choose between racking up the debt, or deciding whether to chance their arm getting a job without higher education, knowing full well their chances of buying a house is practically nil.
I'm 59, so I'm post-baby boom, but I know very well how hard it is for the younger people in society. I have 12 nephews and nieces. They are way more educated than the average older person, yet I doubt whether they'll get anywhere near as financially stable and worry free in their lifetimes. Just because they live in an era of faster and faster technical progress where 'science and technology will find a way', doesn't mean to say that their lives will be any richer than previous generations.
Imps, have you seen/read/heard much of Brendan O'Neill? I think you'd agree with a lot of what he says. Here he is on Millennials:
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Yeah, the "kids today with their luxuries and/or basic necessities" fluff misses the basic reality that wage growth has (depending on the country) either flattened out or actually gone down, at the time that housing prices have ballooned and the cost of education has skyrocketed.
As an example: real wages over a thirty-year period from 1986 - 2016 grew by 29% in the UK. In the preceding thirty years, they grew by 85%...and that includes several years of stagnation at the beginning of that period as the UK slowly regained its post-war economic footing. Meanwhile, the inflation-adjusted cost of a house more than doubled in that span, and the cost of a degree has also skyrocketed, from being entirely free to costing a fraction of a year's average wage for a full four year's of tuition in the 90s, to the accumulated debt from a four-year program now being nearly double the average wage.
So, thirty years ago, the median house price was about 4.7x the average wage, and you could attend university free if you hit your marks. Today, the median house price is 9.2x the average wage; combine that with a degree, and you could devote every pound you receive for more than a decade and still find yourself in debt, and that isn't including taxes paid or interest on the necessary loans.
But tell me again that the problem is expensive coffee. It's deeply ironic, ImpSaint, that you see conspiracies around every corner, but cannot see how the western countries have not only accepted but embraced the shifting of the burden from government to consumer debt, helping in the process to inflate the banking sector to its position of economic (and often political) power and drastically increasing inequality. Perhaps it's too obvious? I mean, one doesn't need to trawl the depths of fever-swamp blogs, given that it's happening in plain sight.
Imps, have you seen/read/heard much of Brendan O'Neill? I think you'd agree with a lot of what he says. Here he is on Millennials:
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