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sarahbell

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haroldshand

Bare in mind that from this day onwards if government throws more money at the housing market like it has  now for 20 years and not at the "cost of living crisis" then people will take to the streets in anger IMO.

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Wight Flight
2 hours ago, haroldshand said:

Bare in mind that from this day onwards if government throws more money at the housing market like it has  now for 20 years and not at the "cost of living crisis" then people will take to the streets in anger IMO.

Yes. Except they will listen to the demand to increase LHA, which will cause rents to rise and therefore house prices.

Whatever help they give will end up going in rent.

The only way this ends is following a couple of years of serious pain for a lot of people.

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sarahbell
On 24/03/2022 at 18:56, Wight Flight said:

The only way this ends is following a couple of years of serious pain for a lot of people.

 

Will some of that pain be taxpayers bailing out more banks?

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haroldshand
20 minutes ago, sarahbell said:

 

Will some of that pain be taxpayers bailing out more banks?

It's all eyes on the BOE now and watching what actions they take  once inflation starts moving higher, their action or lack of it will tell you a lot about future house price inflation.

There is a good government right now to say they are not doing nearly enough therefore they wrapping the housing market in cotton wool best they can

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Wight Flight
1 hour ago, sarahbell said:

 

Will some of that pain be taxpayers bailing out more banks?

I am hoping they let benefits trail inflation to the point they become existence level. I am not holding my breath though.

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Formerly
25 minutes ago, Wight Flight said:

I am hoping they let benefits trail inflation to the point they become existence level. I am not holding my breath though.

A lot of benefits are barely visible though, e.g. rent, no council tax, low cost entry to facilities etc. I know one single, childless person who lives in a city centre flat. Although he's always skint, I'm sure he'd need to earn about £20k to £25k to get the same from working.

 

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Wight Flight
5 minutes ago, Boon said:

Could this be the way it's going?

Withdraw everything from the bank and buy a house and cryptos, job done:

https://www.mumsnet.com/Talk/legal_money_matters/4502310-can-i-claim-benefits

 

Mental, isn't it.

We had this with state school fees. £20k savings towards a house deposit - pay in full. £500k house with no mortgage - 100% discount.

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