Thursday, 29 May 2014

Housing - A Debt and Death Sentence

 I see housing prices are rising again, I am sure everyone is very happy, especially the estate agents. People can con themselves into thinking they are going to get a great price for their house, forgetting that the house that they will be buying will have also increased.  More people will start to get mortgages they cannot afford, and the spiral into madness will begin again.  When will we ever learn?

If ever there was a stupid idea and concept, it was to set inflation, mostly through house prices, to set the countries debt and wealth through the fickle market of house pricing.  House prices should be cheap they should be affordable, without the need to have sell your soul to the lending devil, for life.  Once you join the housing ladder you are a slave forever, they instantly control you, because what can you do, you never own the house until retirement age, and that is if you are lucky.  I bet many people have mortgages that go passed retirement age.  Think of all the undue stress caused the extra strain on our wonderful underfunded NHS. What are you going to do when you have a house that is worth less than the amount you own, not now, but when you are 60, or 65, perhaps even 70? 

A house should be a stable price and it should only be to the value of the building of the property and the profit made by the builders and landowners.  Heart disease will not be the main killer in 10 or 20 years’ time, it will be house prices.  Do we really want to go the way of the Japanese, where the house is a burden not just for yourself, but also for the rest of your family, forever?

You know how may terraced houses I pass every day that are boarded up, and empty, unused, how many new council houses are the government building?   The crap one I live in is so bad they will not even give me a shower; yes in this day and age I have to use a bath.  The building has windows that are falling apart the whole building should be brought down, and new types of housing built in its place.  Buying your own property unless you can afford to buy it outright, which 99% of cannot afford to do, is a debt and death sentence not just for you but for the rest of your family as well.

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