House prices only go up

[minestrone]

Apple products?

You are confusing Ireland with China, not easily done.

[PurpleGorilla]

House prices only go up

In Japan most houses are built of wood, on account of the regular earthquakes, and then the termites start nibbling away at the wood.

So Japanese houses are a depreciating asset, with a typical lifetime of little more than 50 years.

Why the boom then?

[PurpleGorilla]

This time it's different (tm)

New paradigm (c)

[DimPrawn]

Japan's population falls for the fourth straight year

Compare with the immigrant driven mass increase in UK (mostly SE England) population.

UK is nothing like Japan. UK house prices are propped up by immigration. Simples.

If you want a decent home, vote for a political party that will truly stop immigration. We all know which party that is, but we all love the comfy feeling of LibLabCon don't we?

[PurpleGorilla]

Japan's population falls for the fourth straight year

Compare with the immigrant driven mass increase in UK (mostly SE England) population.

UK is nothing like Japan. UK house prices are propped up by immigration. Simples.

If you want a decent home, vote for a political party that will truly stop immigration. We all know which party that is, but we all love the comfy feeling of LibLabCon don't we?

It's not exactly falling off a cliff though is it - not compared to what happened with house prices:





If you look at 1991-2003 you will also see Japan's POPULATION RISING with HOUSE PRICES FALLING.

[DimPrawn]

Look, it's pretty simple.

UK has

0. Most densely populated country in Europe.
1. Rapidly rising immigrant population.
2. Protective land ownership, green belt, planning system.
3. Protective landlord laws tipped against benefit of tenants, in favour of landlords.
4. Bail out of lenders so that reposessions do not increase.
5. BTL lenders with lax criteria, and ageing wealthy retirees (often ex public sector on gold plated index linked pensions created by New Labour) to create demand for investment property.
6. Limited housing stock.
7. Funny money (QE) leaking it's way into asset classes such as property.

If you combine all that and the mindset of the British public in regard to speculating on property (see all the media and TV shows), what do you think the result is?

Is it likely to change? Not really.

Accept it, become rich or emigrate. Simples.

[d000hg]

If you want a decent home, vote for a political party that will truly stop immigration.

Of course they'll ruin virtually everything else. It would be like visiting a doctor with a nosebleed; he cures it but pushes you down the stairs and breaks your legs as you leave.

[DimPrawn]

Of course they'll ruin virtually everything else. It would be like visiting a doctor with a nosebleed; he cures it but pushes you down the stairs and breaks your legs as you leave.

If you say so. I can't see why a country that has a relationship with the EU like Norway does (Norway and the European Union) cannot succeed. We then adopt an Australian style immigration policy.

Labour are a disaster and the Tories are not much better.

[PurpleGorilla]

Why would I want to buy into your Ponzi scheme?

[DimPrawn]

Why would I want to buy into your Ponzi scheme?

Then don't. Why post about house prices if you aren't buying? Why not the price of fish?