How come we want the price of nearly everything to reduce except for the price of houses?

Why do we not want house prices to cost less so young people can afford them?

Homeowners want prices to go up, new buyers want them to come down.

They'll come down until people can borrow loads again, then they'll go up, because there is a shortage of housing. It's simple economics, supply versus demand.

Currently, no-one can borrow any more than 85% of the value of a house, therefore there are less buyers, so prices will drop.

As soon as any CHAV can get a loan again, the prices will go up.

well i think that we young people want the prices to be reduced but private landlords would loose a lot of money if that would happen:):)

Land .. they ain't making any more of it :-)


PS Don't get sucked into the propaganda pumped out by those with 'alternative' agendas for our society ..

Falling house prices are a 'bad thing' for the economy .. as you will find out when high street businesses start to lay off staff and go bankrupt ...

The 'alternative' is a 'planned economy' .. they tried that in the Soviet Union .. no-one 'owned' their own house, everyone was 'given' an apartment by 'the state' ..
Go visit (eg. St. Petersburg) to see what effect that had ...
no one 'owned' their house/apartment, so no-one did any repairs for 50 years .. and since you didn't own it, you couldn't raise money to improve or extend it ..

Because we like for the cost of living to be cheap so we can afford more things, but we want the house prices to increase because the house is the biggest investment that most of us will ever make, and we want our investment to make money, not lose money

It is because there is a significant difference between a house as an asset and other goods that we buy either for immediate consumption or knowing that they are going to be good for a limited period of time. (Cars, for example). A house, which is erected over the most permanent kind of asset you may find (lot of land), is more of a long time investment. Besides, lots of other things are valued with reference to real estate values. And so on and so forth. . .

everything increases, even materials it will be the owner's lost if they will lower down the rates