2006-10-22 05:15:48 · 13 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I cannot afford a roof over my head in this country. Rents are just astro for the most basic propertys. How on earth people can pay these rents and support families is beyond me. The more you earn the more you have to pay for the most basic human need, somewhere to sleep. But british people don't complain they just accept. If people refused to pay the rents and prices would have to be lowerd.
2006-10-22 05:29:11 · update #1
because there is a big scam and bubble.
http://www.breakingbubble.com/index.htm
2006-10-22 08:29:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The factors driving high house prices:
1. Low interest rates.
2. Shortage of property.
3. Fallout from the last governments policy of "right to buy" on council properties, which has reduced the supply of council homes.
4. Parasites, otherwise known as "buy to let" investors, who are causing problems for first time buyers trying to get onto the property ladder.
5. Innovative market - where buyers adapt to rising prices by pairing with friends, parents etc.
2006-10-22 05:55:39 · answer #2 · answered by nemesis 5 · 0⤊ 0⤋
This summer, house prices in Northern Ireland have gone through the roof and it's all because property developers are buying everything 'in sight'. First time buyers haven't a hope of getting on the property ladder. It's an absolute nightmare.
2006-10-22 05:27:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Simple economics. People are willing to pay a King's ransom to get on the ladder or to move up. In an open market, prices will seek their own equillibrium.
Getting on the ladder is the most painful step. Once there, moving upwards generally tends to become less painful, relatively speaking of course.
The population continues to grow, but they aren't making any more land.
2006-10-22 06:04:19 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Supply and demand. Also, there is almost a mania in the UK about owning property (unlike much of continental Europe) which means that everyone is clamouring to get on the ladder.
2006-10-22 07:04:40 · answer #5 · answered by thegodfather 2 · 0⤊ 0⤋
Which planet are you on? Prices of anything, anywhere, are determined by the good old rule of Supply & Demand - ie if there's too much of something for its market, its price drops, and conversely if there's too little, the price rises to the point where it still finds buyers. Here endeth the lesson.
2006-10-22 05:22:37 · answer #6 · answered by artleyb 4 · 2⤊ 0⤋
Well to start with maggie thatcher sold as many council houses as possible,which in turn caused a shortage,prices went up,then the gov snapped up as many houses flats apartments bedsits as possible on long rental agreements,to house immigrants,house prices shot up,there is a massive shortage of houses to buy ,demand out weighs supply so high prices
2006-10-22 05:22:34 · answer #7 · answered by taxed till i die,and then some. 7 · 0⤊ 1⤋
I agree my rent is £475.00 a month and council tax £93. Im single with kids and I live to work to pay the bloody rent.
2006-10-22 05:34:50 · answer #8 · answered by candyfloss 5 · 0⤊ 0⤋
People really love to own their own home in the UK, I don't think rents are as disproportionate.
We will pay anything in this country, if we want something bad enough.
2006-10-22 05:20:13 · answer #9 · answered by iusedtolooklikemyavatar 4 · 0⤊ 0⤋
Because we are all muppets and will blindly pay whatever price is pit in front of us without any thought of haggling or asking why.
2006-10-22 05:20:38 · answer #10 · answered by dnlrawson 4 · 0⤊ 2⤋