Property evaluation...

[Just Gone]

An old property cost less in those countries as shown on the house and home chancel.

REALLY ........... ........... a simple little semi detached house in the UK will easily set you back .... 50 000 pounds plus ....... multiply that by 11 and do the maths !!! Take into account the size of the property as well ............. it is def not "less"

[Blurock]

To build a new house costs more than buying an existing, established property. Consider the time, effort and cost to establish a garden and all the hidden costs related to building a new house and you can understand why people are willing to pay more for an older house.

If the house is run down and in a state of disrepair, it will not sell at a ridiculous price. There are always alternatives on the market, so walk away and look for something else, or sit and wait until the seller reduces his price.

Regarding protection for the buyer; it is up to you to see that you trust the people who issue certificates for wiring, borer etc. The bank or bond financier will also do their inspection, but do not rely on them to protect your rights as buyer.

[AndyD]

Tec0, I think from what you're saying it sounds like you're confusing asking price with the actual value. There's lots of people around who'll take a chance with an over inflated asking price.

[Dave A]

Sellers can ask whatever price they like. The value is determined at the price point where the sale is made.

I'll concede there is some "institutionalised" influence as to where that price point should be, but it's pretty negligible and unsustainable compared to the natural forces of common sense and of supply and demand.

[Blurock]

The employer or the state can never be held responsible for providing housing. In a fluid and free labour market where people can choose where and for whom they want to work, you can never pin people down to just one address for ever.

I have met a couple from an ex communist country who had to wait 9 years for a one bedroom flat in a crummy suburb. They are both doctors and decided to flee to South Africa when they had the opportunity.

In Italy it is common for boys to stay with their parents until well in their 30's, before they move out on their own. Obviously mama's cooking will have a lot to do with that decision. In many cultures it is customary for the family to stay together in the same house. However, changing economic cycles and markets have forced job seekers to relocate to where there are better work prospects. Migrant labour has also had it effects and appears to be an issue in countries such as China and Mexico.

Some people are fortunate to inherit property from their parents, others have to save up for their own. Some of us are rich, some of us are poor. This is as a result of our own choices in life and how the dice has fallen for us. Unfortunately that does not entitle us to free housing.

Once you own a house, the government will do its best to tax you out of the house. To own a place of your own is not a right, but a privilege. As the saying goes, "my house is my castle".