In World's Best-Run Economy, House Prices Keep Falling

[scooterscot]

In World's Best-Run Economy, House Prices Keep Falling -- Because That's What House Prices Are Supposed To Do

On Wiles’s figures, German house prices in 2012 represented a 10 percent decrease in real terms compared to thirty years ago. That is a particularly astounding performance compared to the UK, where real prices rose by more than 230 percent in the same period.

Good gwd

He makes some excellent points.

[Euler]

In World's Best-Run Economy, House Prices Keep Falling -- Because That's What House Prices Are Supposed To Do




Good gwd

He makes some excellent points.

It may account for why German poverty is rising at its fastest rate since the 2nd World War.
Anyway would you rather be a German pensioner with just your pension having to pay rent till you die or a British one with a pension AND a great big stinking honking fooking fat wedge from selling your family home?

[DimPrawn]

It may account for why German poverty is rising at its fastest rate since the 2nd World War.
Anyway would you rather be a German pensioner with just your pension having to pay rent till you die or a British one with a pension AND a great big stinking honking fooking fat wedge from selling your family home?

Hi sas

[xoggoth]

There is a distinct lack of low-cost affordable housing in the UK. There are also a lot of people in homes that are too big for them. Maybe what we need is more flexibility in the market so people could easily downsize when their kids move out and free up homes for those with families.

That would be helped if those moving did not suffer a huge hit due to being ripped off by:

a) F* estate agents. It takes no more effort to sell an expensive home than a cheap one, why are fees price based?
b) F* lawyers. A totally repetitive round of form filling costs anywhere from £700 to £1500.
c) The F* government. The most expensive time of peoples' lives and the bastards have to take their cut.

Shoot the F* lot of 'em.

PS Yes, I have just had a couple of vodkas.

[Flashman]

In World's Best-Run Economy, House Prices Keep Falling -- Because That's What House Prices Are Supposed To Do




Good gwd

He makes some excellent points.

Germany's also much less crowded country than England. Every man and his dog trying to cram into the South East of England has warped property prices here for at least the last 30 years.

[SimonMac]

Doesn't Germany have a lower portion of home owners? Prices are lower because no one cares if you don't own a house, so less demand stifles prices, the exact opposite of the UK

[tomtomagain]

In World's Best-Run Economy, House Prices Keep Falling -- Because That's What House Prices Are Supposed To Do




Good gwd

He makes some excellent points.

So if the price was dropping all the time would you buy one? Or continue to rent and pay someone elses mortgage?

[OwlHoot]

In World's Best-Run Economy, House Prices Keep Falling -- Because That's What House Prices Are Supposed To Do


Good gwd

He makes some excellent points.

German reunification about 25 years ago probably accounts for much of it, given that by Western European standards property prices in former East Germany were derisible at the time.

[scooterscot]

So if the price was dropping all the time would you buy one? Or continue to rent and pay someone elses mortgage?

Is this not one of the core points being made? Government intervention prevents silly price increases so as properties remain for the purpose of residence not investment.

I rent here, I could buy, but I know I'd not find such a nice place.

[darmstadt]

Doesn't Germany have a lower portion of home owners? Prices are lower because no one cares if you don't own a house, so less demand stifles prices, the exact opposite of the UK

Yes.