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March 29 2024 9.58am

Sunak urged to give every Briton 500 pound voucher

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 06 Jul 20 3.22pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by croydon proud

Yeah, i think it"s already creeping in, young and not so young still at home with folks, nothing wrong with that if it"s what they want, but if they wanted to fly the nest and can"t then it"s not ideal.

Shouldn’t have sold all the council houses off. Frankly, there needs to be a building of council houses similar to post WW2, but clearly will never happen.

 


Red and Blue Army!

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BlueJay Flag UK 06 Jul 20 8.10pm

Originally posted by croydon proud


Yeah, right place, right time, i don"t envy them or blame them, going to be very hard to buy a place unless you are a professional now, even hard then, but if you are cannon fodder you have no chance, i think we are going to see tent cities appear in the future, whole roads of tents, like they have in Los Angeles, people living in storm drains, i know they already do here but i mean whole areas, scary times for the young!

100% agree

 

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View Eaglecoops's Profile Eaglecoops Flag CR3 06 Jul 20 8.18pm Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Originally posted by croydon proud


Yeah, right place, right time, i don"t envy them or blame them, going to be very hard to buy a place unless you are a professional now, even hard then, but if you are cannon fodder you have no chance, i think we are going to see tent cities appear in the future, whole roads of tents, like they have in Los Angeles, people living in storm drains, i know they already do here but i mean whole areas, scary times for the young!

All basic economics, a lack of housing means an increase in prices, but what has caused the biggest issue with a lack of housing, natural population growth or immigration?

 

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Tom-the-eagle Flag Croydon 06 Jul 20 8.22pm

Originally posted by Spiderman

Correct. My daughter is a Senior Spacecraft Engineer, having obtained a Master’s degree. She works in Guildford and has had to pay £230000 for a 1 bed 1960s built flat. Her boyfriend is an electrical engineer, they are hoping to buy a house soon but anything decent within reasonable travelling distance will cost them around £400000. My son who lost his job because of lockdown has no chance.
IMO we will go down the same route as other countries and have generations of families sharing houses


Remember Spider, if things don’t work out between them I’m still here..

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 06 Jul 20 8.25pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by Eaglecoops

All basic economics, a lack of housing means an increase in prices, but what has caused the biggest issue with a lack of housing, natural population growth or immigration?

Selling off stock and not rebuilding is the original issue.

As far as I'm aware there is no natural population growth in Western European society, so population growth comes from immigrants and their offspring largely.

One reason, amongst others, lack of housing and the expense of housing. To get married you would like a house, to have kids, naturally, you want a house. A house is 500k - sh1t, may as well just forget it.

 


Red and Blue Army!

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Tom-the-eagle Flag Croydon 06 Jul 20 8.26pm

Originally posted by BlueJay

It's relevant though to also factor in that relatively speaking houses cost over 8 times the average wage now, double that of the mid 90s or earlier when many of us may well have bought. We, through blind luck, were simply in the market at the right time. Young people have been let down by successive governments.

Let down by an open door immigration policy which has pushed up house prices year after year.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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View dannyboy1978's Profile dannyboy1978 Flag 06 Jul 20 9.42pm Send a Private Message to dannyboy1978 Add dannyboy1978 as a friend

Think of the frauds with more than one identity, it could be a clever way to catch them out.

 

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croydon proud Flag Any european country i fancy! 06 Jul 20 10.37pm

Originally posted by ASCPFC

Shouldn’t have sold all the council houses off. Frankly, there needs to be a building of council houses similar to post WW2, but clearly will never happen.

Yes, great idea, but as you say, wouldn"t hold my breath.

 

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View Eaglecoops's Profile Eaglecoops Flag CR3 06 Jul 20 10.45pm Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Originally posted by ASCPFC

Selling off stock and not rebuilding is the original issue.

As far as I'm aware there is no natural population growth in Western European society, so population growth comes from immigrants and their offspring largely.

One reason, amongst others, lack of housing and the expense of housing. To get married you would like a house, to have kids, naturally, you want a house. A house is 500k - sh1t, may as well just forget it.

Sorry but I don’t agree with what you are saying with regard to selling off stock (unless of course you were referring to retaining affordable rental property). Those houses were sold to sitting tenants so didn’t disappear from housing stock, they just got shifted from the Council rental to the privately owned sector.

I agree there was a cut back in building and that is part of the economic answer that has created price increases. Low supply plus high demand equals higher prices. Developers in the 80s onwards were not like the local authority developers of the post war period who built and built and built to replace war damaged property, they were more selective and tended to just about meet the housing requirements to ensure prices didn’t crash due to oversupply.

Prices in the current market place reflect an extended period of low interest rates, continued high demand and continued under supply. The issues have been exacerbated by massive bulk purchasing by Middle Eastern. Chinese and Russian buyers which leaves thousands of properties vacant, never to be occupied in cities across the UK.

The matter of resolving under supply would not I think help the market any longer anyway. I don’t think a massive building project would reduce prices as there is so much money washing around with the rich people that they can jump straight in and buy whatever is built.

If you want a solution to affordable housing, you need to build to a targeted population that takes the rich man out of the equation. For example you could put strict planning obligations onto developments so that only first time buyers are allowed to purchase and that if they are sold on they can only be sold again to first time buyers. There is lots that could be done including producing much cheaper housing such as modern pre fabricated buildings and park homes.

Another big help will of course be to control immigration so that demand is curtailed.

 

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croydon proud Flag Any european country i fancy! 06 Jul 20 11.08pm

Originally posted by Eaglecoops

All basic economics, a lack of housing means an increase in prices, but what has caused the biggest issue with a lack of housing, natural population growth or immigration?

I remember reading in the standard,about 10 years ago, that over 4000 people in the city got over a million in bonus at christmas, it had been going on for years, after blowing the first million on cars and houses, a year went by and another million in bonus was coming, so most just bought flats in London off plan, snapping 4 up at 250k each, it said that these guys were taking 16000 apartments off the market every year, ongoing, and were pushing the prices up and denying the Londoners working in hospitals /councils/police/fire etc, the chance to live anywhere near work! Nice work, if you can get it! Where did i leave my old school tie?......

 

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View Eaglecoops's Profile Eaglecoops Flag CR3 06 Jul 20 11.19pm Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Originally posted by croydon proud

I remember reading in the standard,about 10 years ago, that over 4000 people in the city got over a million in bonus at christmas, it had been going on for years, after blowing the first million on cars and houses, a year went by and another million in bonus was coming, so most just bought flats in London off plan, snapping 4 up at 250k each, it said that these guys were taking 16000 apartments off the market every year, ongoing, and were pushing the prices up and denying the Londoners working in hospitals /councils/police/fire etc, the chance to live anywhere near work! Nice work, if you can get it! Where did i leave my old school tie?......

Yep, sounds about right which is why in my view restricting sales of certain developments to first time buyers only would massively influence the market in favour of youngsters.

 

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croydon proud Flag Any european country i fancy! 06 Jul 20 11.45pm

Originally posted by Eaglecoops

Yep, sounds about right which is why in my view restricting sales of certain developments to first time buyers only would massively influence the market in favour of youngsters.

Indeed! Somethings got to give for sure,i might get in to the luxury tent business , two bedroom and bucket in each type, we could have whole cities in Leicestershire or Lincolnshire, they have untold fields that would make great tent cities, maybe Glostershire and Bucks would have to have the 4 bed tent, only fair, we have to keep standards up!All we need is a good pr campaign, the joy of living in a "permenant " tent, obviously they will need to pay council tax, and for those with a little extra to spend i could "build" a blow up garage next to said tent, all fixed "permenantly" with steel pegs, (British steel of course!)

 

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