If this was true, then what would be the point of luxury cars,
I've got a grand idea. I'm going to buy a load of new, expensive cars, and then rent them at a monthly charge to people who would be unable to afford the upfront cost of purchasing said vehicle.
I’ve got a grand idea. I’m going to buy a load of new, expensive cars, and then rent them at a monthly charge to people who would be unable to afford the upfront cost of purchasing said vehicle.
i pointed that out earlier . Profiteering on that is ok apparently because you cannot live in your car.
Is a car a want or a need though? Is its necessity comparable to that of a home?
I see your point but I don't think the two are really comparable however you see the same thing with white goods down at Bright House so you're probably not that far off the mark, just another way of gouging money from those who can least afford it.
People seem to be wishing economic disaster so they can buy a house to sit outside of with an assault rifle…
You're making that up.
Do you really think this approach of the economy hinging on property value is in any way sustainable? Our pensions are already invested in commercial property that is going on its arse, either way its not going to last. Surely it would be better to manage the transition than shrug your shoulders, sit back and watch everything go to shit?
Is a car a want or a need though? Is its necessity comparable to that of a home?
Depending on where you live and your profession, it might be. A reliable form of transportation, not a new german SUV.
In the same way that an enclosed, heated and roofed area with a bedroom to yourself and a bathroom (possibly shared), with some way to prepare and eat meals is a necessity; owning a multi roomed property with a garden is a want. A financially prudent want and one that will likely improve your quality of life no end, but still a want.
Is a car a want or a need though? Is its necessity comparable to that of a home?
Depending on where you live and your profession, it might be.
Honesty, how ridiculous a statement
People seem to be wishing economic disaster so they can buy a house to sit outside of with an assault rifle
or perhaps prices could just slow down and credit is given to people that need homes rather than to investors
Honesty, how ridiculous a statement
Does anyone need a car to not die immediately, no.
do certain locations* (generally more rural) and certain jobs (requiring travel, requiring you to carry equipment with you, working odd hours that take you beyond the schedule of public transport) neccessitate an automobile, yes. In a time and a place where changing jobs may not be an option a car is necessary to live.
For example, try being an ER nurse but not being able to live in cycling/walking distance from your hospital.
*house prices, the topic of this thread, is often what is forcing people's hands on this.
Does anyone need a car to not die immediately, no.
Which was my entire point.
As for your wee runaround, do you need to get one on the never ever? Again no.
So what is your point?
Here's a thought , what about rent caps based on the local average income? That could be fun.
Bulldoze everything, start again. It's the only way to ensure everyone is equally unhappy.
I’ve got a grand idea. I’m going to buy a load of new, expensive cars, and then rent them at a monthly charge to people who would be unable to afford the upfront cost of purchasing said vehicle.
i pointed that out earlier . Profiteering on that is ok apparently because you cannot live in your car.
Big difference here is one asset appreciates and the other depreciates. A thirty year old house is likely to be in a better state than a thirty year old car. Hiring a car makes more sense than house rental because by the time you've paid in full when buying a car it's probably getting towards time to get rid of it.
Here’s a thought , what about rent caps based on the local average income? That could be fun.
This would be interesting.
Rent control works particularly well in Berlin - you still have private landlord ownership, but the culture around home ownership is slightly different there, anyway.
Rent control, with tightly regulated living condition laws, would be a great step forward for consumer/renter rights.
You run the risk of landlordship becoming unprofitable which would see an influx of property on the market. I would forsee the government having to step in to ensure there were enough private rentals available via subsidising or direct council ownership.
Big difference here is one asset appreciates and the other depreciates. A thirty year old house is likely to be in a better state than a thirty year old car. Hiring a car makes more sense than house rental because by the time you’ve paid in full when buying a car it’s probably getting towards time to get rid of it.
But you set your rental cost at a value that gives a return, just like a landlord of a BTL sets a rent that should give a ROI allowing for property maintenance costs, insurance costs, repair costs etc. Both are workable models if the price is set correctly (see car hire companies versus specialist car hire companies).
Returning to the thread title - a combination of economy in recession, steadily rising unemployment, lack of confidence, lenders becoming increasingly stringent, no (worthwhile) deal at end of brexit transition, central bank with few policy options available, incompetent government.
That would be enough to cause prices to fall and a downward spiral follows.
The only question is when.
As for plummet - depends on how you define that.
Thanks for the manctopia link, found it very interesting being from Greater Manchester but left the country 11 years ago so have missed it all
I have two thoughts so far from it though, the buying of council properties to sell the land is absolutely disgusting imo
The building of lots of those apartments around the city in areas I don’t remember people wanting to live that didn’t have housing in originally is totally different though
Basically I agree with lady from Collyhurst
When we lived in Moss side they were doing the regeneration of Hulme and I remember scoffing at the prices of houses thinking who would pay that to live there etc, any locals care to let me know how it’s worked out as like I say I’ve been away a long time
