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1. rotation

   Does anyone understand houses? Why are higher house prices celebrated, when every other increase in the cost of living is criticised?

   Monday, 19-Aug-13 09:25:35 UTC from web
   1. Rarity

      @rotation high house prices mean that people have enough money to get loans on those houses, which generally means an increase in income.

      Monday, 19-Aug-13 09:28:49 UTC from web
      1. rotation

         @rarity Hmm, that might work, but people here have seen house prices treble in the past 10 years while their incomes have remained mostly static. Yet this is seen as a good thing.

         Monday, 19-Aug-13 09:33:55 UTC from web
         1. Rarity

            @rotation My suggestion is probably terribly basic and possibly wrong, I have no expertise in the housing market

            Monday, 19-Aug-13 09:35:58 UTC from web
            1. rotation

               @rarity let me tell you this: the housing market is utterly terrifying for me.

               Monday, 19-Aug-13 09:38:53 UTC from web
               1. Rarity

                  @rotation I am sorry, then..

                  Monday, 19-Aug-13 09:40:20 UTC from web
                  1. rotation

                     @rarity Why would you be sorry? It's not your fault I live in such a backward country.

                     Monday, 19-Aug-13 09:46:04 UTC from web
                     1. Rarity

                        @rotation I should have said that I empathize with you, my bad..

                        Monday, 19-Aug-13 09:47:51 UTC from web
   2. Cerulean Spark

      @rotation The people who write the "High house prices are good" narratives are all people who've got multiple homes in buy-to-let schemes, and are thus, making a goddamn fortune from it.

      Monday, 19-Aug-13 09:31:52 UTC from StatusNet Desktop
      1. rotation

         @ceruleanspark Sadly, this seems to be the case. Don't understand why more people don't question these things.

         Monday, 19-Aug-13 09:37:13 UTC from web