Since Labour have come to power.
2007-05-12 05:04:18 · 17 answers · asked by BNP. Protect Great Britain 2 in Politics & Government ➔ Elections
mine has trebled in value, great
2007-05-13 10:49:27 · answer #1 · answered by jammy dodger11 2 · 1⤊ 0⤋
I am not sure if Labour has all that much to do with it. Don't get my wrong, I am neither impressed with Blair - nor his party BUT I do not blame house prices on him.
If you draw a straigh line from 1950 odd, right through to present day house prices, you will see that house prices have broadly speaking kept that line for over half a century.
In other words, house prices are increasing significantly as they have done for decades.
House prices are never straight lines of course, we have little dips from time to time - and even the occasional bigger dip - but within a few years the overall trend is ALWAYS back on the up.
House prices are out of control because of several simple facts, none of which are easy to adjust.
1. Average house has fewer people in it (single parents etc)
2. All time high population
3. Significant immigration adding to housing requirement
4. Significant population increase due to birth
5. All time shortage on available land for housing
Supply and demand rule the day - and short of a plaugue to wipe out half the population, it is extremely hard to see any reason why house prices should go anywhere other than up.
Folks who are worrying about being able to keep up with mortgage payments might want to look at "interest only" mortgages for a while - and of course they are a way for folks to get on the housing ladder if they cannot afford a conventional mortgage.
2007-05-13 06:30:39 · answer #2 · answered by Mark T 6 · 2⤊ 1⤋
Its an established fact but because rising house prices are supposed to be a barometer of a healthy economy, no one gives a toss unless you are a first time buyer. I simply don't think raising interest rates is going to help ... it penalises every one else out there, pushes up the cost for existing borrowers and raises the cost of living, thereby pushing it into a vicious circle. I suggest that the government rationalises how a house may increase in price. .... by setting out strict and heavily reduced lending criteria to lenders, creating a heavy tax on the selling price versus the original purchase price to dissuade inflationary leaps and introducing a compulsory code of conduct for all people that purport to value homes. Remember, estate agents ( according to last nights TV ) are run in the main by ex public schoolboys who are not clever enough to become solicitors, so they follow a career where personal gain always comes first. Sorry but that is true. Anyone agree with me please give me a thumbs up!
2007-05-12 05:17:04 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No, it's not down to Labour. House prices have been rising since well before Labour were in power.
Quite surprised, being a BNP joker, you haven't blamed it on immigrants. Although I note some fruit has.
2007-05-12 22:42:43 · answer #4 · answered by Beastie 7 · 1⤊ 1⤋
You may have a point that many people would agree with. However, if the BNP's policy of mass voluntary repatriation was undertaken, then house prices would fall through the floor everywhere, which would cause every single homeowner in this land considerably more problems than any BNP supporter could comprehend.
2007-05-12 06:27:22 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Yes. The UK´s population grows by around 240,000 people annually. These people all have to live somewhere - it´s a simple case of market forces, supply and demand, caused primarily by Labour´s open door immigration policy.
2007-05-12 11:29:01 · answer #6 · answered by The G Man 2 · 1⤊ 1⤋
House prices have nothing to do with the Government and everything to do with home owners who, once they have a foot on the housing latter want to maximise their profit when they sell their house.
And house price inflation has been around for decades - long before Labour came into office.
So your question is both historically and economically erroneous. But then, you are a nazi-BNP supporter, so I guess I should make allowance for your gross stupidity.
2007-05-12 07:30:17 · answer #7 · answered by Anonymous · 1⤊ 2⤋
Housing is away too expensive for most of us. The developers are making tons of money, and keep on using it to buy up more land and build more overpriced homes. The downside of this, is a large amount of homes being sold to people who can't afford the payments and then losing them to foreclosure. Meanwhile, it can be cheaper to rent and to save the difference between the rent and the house payments and taxes and insurance etc. Best wishes
2007-05-12 05:12:01 · answer #8 · answered by tylernmi 4 · 1⤊ 1⤋
If you consider house prices to be out of control, it ought to be the cause of erratic movements in demand and supply of houses! In a free economy, it is normally not interfered with!
2007-05-12 05:11:22 · answer #9 · answered by Sami V 7 · 2⤊ 0⤋
In general, yes. But not where I live, Pittsburgh; house prices here have been very low for years. Maybe you should consider living here if you're planning on purchasing a home. The 'burgh is consistently voted one of most livable cities in America! lol
2007-05-12 05:09:18 · answer #10 · answered by Dash 4 · 2⤊ 1⤋
No, Labour is the one whose out of control
2007-05-12 05:37:12 · answer #11 · answered by Anonymous · 1⤊ 2⤋