Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
Analysis of the determinants of house price changes
From 1991 to 2016 the number of households in England increased by 16%
Over the same period the number of dwellings increased by 20%
The figures are an average. In the SE house prices have far outstripped the published figures whereas in large parts of the country house prices have struggled to keep up with CPI let alone bettered CPI. Many homes are available for less than it would cost to rebuild them; which essentially assumes that the land is free.
The problem that the country has is the sense of entitlement that people in the SE have. Remove the Government subsidy and they would move to where they can afford to live and prices would find a natural equilibrium and wages in the expensive areas would need to rise to market rates rather than be subsidised by benefits. Businesses would also locate where the labour was competitively priced. Supply and demand is compromised by Government interference in the free market.
The other major factor is the supply of mass uncontrolled immigrants who flood the labour market making it pointless working if on benefits.
As you correctly suggest without WTC few of the jobs EU migrants do would be viable without such WTC.
With out it most jobs in the SE would be unviable except if they were moved North.
Without Govt interference the labour market would gravitate North
``The problem that the country has is the sense of entitlement that people in the SE have.``
I live in the SE
Sense of entitlement is a very current and apt phrase . I suffer from it but I think we all do in various guises
Its very widespread and infiltrates into all manner of our thinking not just the SE and not just housing
If the local library or bank shuts causing us to change our patterns our sense of entitlement comes to the fore
Its been here 50 years we cry as we make our placards and join a local protest march
The local pensioner is entitled to his favourite bar stool . The rambler is entitled to walk across the farmers field
Time makes sense of entitlement grow greater and more solid and we oppose more the longer that time span is
When interest rates came down I felt great .
I felt a bit guilty because my income shot up when the crash came in 2008
I said to myself this is temporary lets pretend it hasn't happened
so when they inevitably go up I wont be disappointed so much
I didnt want to fall into the trap of a sense of entitlement that interest rates will always be low and just come to expect it
But as the years go by that sense of entitlement grows and i resented it much more when they did go up and no doubt will go up. If they had gone up after a few months then my sense of entitlement hadn't set in that much . But after 10 years - come on - surely low interest rates are written in stone now
When they came down I rushed to update my spreadsheet to show the glorious effect on it
When they went up though I snarled and blamed everyone else except me and reluctantly amended it with a begrudging tut
So I think that sense of entitlement in all of us is ingrained over time and to change a nations mindset is very hard
It would take years, decades and centuries to change some people sense of entitlement
Sense of entitlement is really just an illusion created by us to put our lives in context
When the earth was formed - whether you believe by God or by the big bang there were no countries then
When I get on my high horse about my own sense of entitlement I try to regress back 10,000 years
I have no more real right to live in England let alone the SE than I have to live in France Israel or the States
Wars define sense of entitlement
Then when the war is won .........
governments, regions, councils, committees take over to cement that sense of entitlement
It is an illusion but the world revolves around this illusion to give us a sense of ownership which gives us purpose and sanity
Having said that I am on this planet for only 100 years so i want it not to be an illusion
So I ignore the illusion every day -
So I will be supporting England in the World Cup this summer and I think 100% I am entitled to do this. :-)
Jonathan Clarke. http://www.buytoletmk.com