In message <***@mid.individual.net>, Jenny M Benson
Post by Jenny M Benson
Of course it means nothing at all. It's a phrase which really p****s
me off. There must be millions of us in this country who cannot and
never will be able to afford to buy our own house - unless "affordable"
is made to mean priced in tens rather than thousands of pounds. £50,000
is affordable for SOME people. A couple of million is affordable for
SOME people. What a STUPID expression it is.
Go on, tell us how you _really_ feel (-:.
I agree: it is a phrase that, if it ever _did_ have any meaning, has
lost all of it.
I'm still bemused by why property prices have done what they have, on
supply and demand principles: 30 years ago, say, it was possible for
_many_ people to anticipate owning their own home by a reasonable point
in their life, and the population hasn't changed _that_ much over that
time; therefore the only supply/demand aspect that has changed is
household size, i. e. a lot more people want to live alone than did say
fifty years ago (young singles vs. young couples). But surely that
demographic change must be about due to have worked its way through by
now, so why the astronomical change in prices (and I mean in real terms,
say number of years average wage)?
The only explanation I can think of is something other than supply and
demand, such as speculation; if that is the reason, it's depressing, and
"something needs to be done" - but I don't know what, and usually the
first _several_ "somethings" that come to mind are wrong. ("Something
needs to be done": "this is something, so let's do it.") You can't
_just_ "punish" speculators by, say, heavily taxing any difference
between what people bought at and what they sell at, because that
punishes those who just want to move (or downsize or upsize), rather
than profit; if prices _have_ gone up, people _have_ to ask more than
they paid, in order to be able to afford what they're going to. (It is
also a disincentive to improvement, such as insulation or double
glazing.) I don't have an easy answer; assuming speculation _is_ the
cause of the problem, any disincentive to/punishment of speculation will
be messy to avoid punishing the innocent.
J. P. Gilliver. UMRA: 1960/<1985 MB++G()AL-IS-Ch++(p)***@T+H+Sh0!:`)DNAf
But this can only happen if we replace the urge to blame with the urge to
learn so that it is safe for staff to admit errors and raise concerns without
the fear of being punished.
- Former MI5 boss Eliza Manningham-Buller, RT 2016/5/7-13