Even though I live in London and you live where you do I think I can safely say this is a topic that is relatable in the first world.
Via
I thought house prices and the topic would have quietened down after the economic turmoil of 2007.
But the subjects of home ownership and house prices increases are still being discussed at dinner parties across the globe.
The U.K., Australia, and some areas of North America
for various economic reasons are going through a
revived and ebullient housing market.
Despite the recent economic crisis, house prices have not crashed and have depending on where you live maintained its price or increased in value.
There are many theories behind this but the main simplistic reason seems to be financial security in bricks and mortar coupled with low interest rates.
This may seem like it is a financial boon but to be frank all
I feel is a collective social anxiety.
I am not just discussing this topic with friends but am now overhearing conversations in cafes and on public transport.
Alain De Botton discussed general status anxiety but this housing anxiety is something slightly different that people who have no intention of impressing anyone nor social climbers are experiencing.
People who already own homes are viscerally stressed thinking that they would have gone crazy if they needed to buy a home now.
The common statement by home owners is that most could never afford their homes if they had to purchase it now.
People who don't have homes are obviously stressed as they have to endure the rigmarole of getting the deposit and mortgage but also the added burden of the bidding process. They also don't have the security of being able to settle down in a rented flat as landlords have the right to exercise their right to sell or rent to someone else at a higher price.
Everyone is stressed about house prices.
There seems to be no true winners but only losers in this area.
Via
I thought house prices and the topic would have quietened down after the economic turmoil of 2007.
But the subjects of home ownership and house prices increases are still being discussed at dinner parties across the globe.
The U.K., Australia, and some areas of North America
for various economic reasons are going through a
revived and ebullient housing market.
Despite the recent economic crisis, house prices have not crashed and have depending on where you live maintained its price or increased in value.
Via |
There are many theories behind this but the main simplistic reason seems to be financial security in bricks and mortar coupled with low interest rates.
One of the many theories behind house price increases via |
This may seem like it is a financial boon but to be frank all
I feel is a collective social anxiety.
I am not just discussing this topic with friends but am now overhearing conversations in cafes and on public transport.
Via |
Alain De Botton discussed general status anxiety but this housing anxiety is something slightly different that people who have no intention of impressing anyone nor social climbers are experiencing.
People who already own homes are viscerally stressed thinking that they would have gone crazy if they needed to buy a home now.
The common statement by home owners is that most could never afford their homes if they had to purchase it now.
People who don't have homes are obviously stressed as they have to endure the rigmarole of getting the deposit and mortgage but also the added burden of the bidding process. They also don't have the security of being able to settle down in a rented flat as landlords have the right to exercise their right to sell or rent to someone else at a higher price.
Everyone is stressed about house prices.
There seems to be no true winners but only losers in this area.