How to keep house prices low for generations to come - Page 4

nomadking · 23-11-2016, 12:07

Quote:

Originally Posted by tweetiepooh

But that's part of the issue. If the higher end prices are rising disproportionately then people can't move "up" so they stay in "lower" properties and extend and work on them. And that makes those "lower" properties more expensive both supply and because they are extended/improved

This knocks on down the chain to the bottom.

Don't the "lower" properties need improving whichever way you look at it. The buyers at the upper end are handing over money to the developers, thereby financing more developments, possibly at the lower end.

---------- Post added at 12:07 ---------- Previous post was at 11:47 ----------

Quote:

Originally Posted by Maggy J

Again no one actually answers questions I pose.

I did in post #4.

Quote:

Originally Posted by nomadking

Probably worse than renting. The allowed increase wouldn't cover the mortgage interest due when it came to selling it. They would face a bill for that.

They are being subsidised by getting the land for free.

23-11-2016, 14:03

Quote:

Originally Posted by Maggy J

Again no one actually answers questions I pose.

Short answer -NO, longer answer - still NO

that would require the government (of whatever colour) to pony up billions of pounds for capital expenditure and there isn't any going..

well part that is from 50 billion for HS2 which no-one seems to want.

we are still giving India around 60m/year despite the govt saying it would stop all aid by Dec. 15. Quite why we are giving them money when they have an active space launch programme...

as for the rest of the 12.2 billion foreign aid budget, well, try and find out exactly where it is going...

Ramrod · 23-11-2016, 14:27

Quote:

Originally Posted by Stuart

It will also be the vultures that are buying up houses, dividing them into studio flats and renting them out for a fortune.

Because that's the only way to make money out of a big house (short of demolition and building smaller dewllings on the site if the plot is big enough).......and it provides more dwellings than the original layout which makes the council and government happy.

---------- Post added at 14:25 ---------- Previous post was at 14:24 ----------

Quote:

Originally Posted by pip08456

@Ramrod, elecectrical certification is 5 yearly. Only gas is yearly.

Sorry, I was in full rant

---------- Post added at 14:27 ---------- Previous post was at 14:25 ----------

Quote:

Originally Posted by Maggy J

Can we ever provide affordable housing to rent or should we look for ways to help young families get into their own home?

That will probably only happen if we build lots more housing or decrease the population. (supply and demand)

denphone · 23-11-2016, 15:38

Somehow l cannot see the population decreasing RR any time soon so l think as we all know we need a considerable increase in the amount of housing we build.

pip08456 · 23-11-2016, 16:53

Quote:

Originally Posted by denphone

Somehow l cannot see the population decreasing RR any time soon so l think as we all know we need a considerable increase in the amount of housing we build.

To do that and keep homes affordable in the way Maggie is putting forward the the price of land needs to come down or be heavily subsidised. The cost of land makes up at least 50% of the cost of a new build.

Quote:

Sorry, I was in full rant

No need to apologise.

denphone · 23-11-2016, 17:33

There is also the problem of housebuilding developers sitting on some of their land.

http://www.telegraph.co.uk/news/2016...uild-on-green/

http://www.telegraph.co.uk/news/2016...supply-of-new/

https://www.theguardian.com/society/...developed-land

Osem · 23-11-2016, 17:42

The combination of a rapidly growing population, a small crowded island and all the infrastructure required to support large scale, environmentally sensitive new housing and services isn't conducive to cheap property. There's no way HMG can build sufficient new homes to force prices down significantly in places like the South East.

nomadking · 23-11-2016, 18:22

Quote:

Originally Posted by denphone

There is also the problem of housebuilding developers sitting on some of their land.

http://www.telegraph.co.uk/news/2016...uild-on-green/

http://www.telegraph.co.uk/news/2016...supply-of-new/

https://www.theguardian.com/society/...developed-land

So what. The problems are getting planning permission and lack of ability to increase rates of building. Those same problems exist whoever owns or controls it.

denphone · 23-11-2016, 18:34

Quote:

Originally Posted by nomadking

So what. The problems are getting planning permission and lack of ability to increase rates of building. Those same problems exist whoever owns or controls it.

There is also plenty of short-termism and lack of long term planning from all governments of the last 40 years plus as they knew our population was going to increase considerably with regards to going forward many decades and did diddly squat about building more housing and the infrastructure that we needed to go with it.

nomadking · 23-11-2016, 18:43

Quote:

Originally Posted by denphone

There is also plenty of short-termism and lack of long term planning from all governments of the last 40 years plus as they knew our population was going to increase considerably with regards to going forward many decades and did diddly squat about building more housing and the infrastructure that we needed to go with it.

How many people did Labour say would come over from Eastern Europe and how many actually came?

denphone · 23-11-2016, 18:51

Quote:

Originally Posted by nomadking

How many people did Labour say would come over from Eastern Europe and how many actually came?

l am talking about all governments who have been in power for the last 40 years plus be it Labour or Conservative who never formed any any cohesive plan on house building policy going forward and this is one of the reasons why we have a big shortage of housing stock now and sadly its going to take decades if ever to sort it out sadly.

nomadking · 23-11-2016, 18:57

Quote:

Originally Posted by denphone

l am talking about all governments who have been in power for the last 40 years plus be it Labour or Conservative who never formed any any cohesive plan on house building policy going forward and this is one of the reasons why we have a big shortage of housing stock now and sadly its going to take decades if ever to sort it out sadly.

The main influx happened before 2010. They are building as fast as they can. There is no shortage of housing stock. There is an abundance of people that consider themselves entitled to be housed, when in the past they wouldn't have been.

Osem · 23-11-2016, 19:13

UK population growth to 2014:

http://www.bbc.co.uk/news/uk-33266792

The numbers haven't improved much since either.

http://www.ons.gov.uk/peoplepopulati...n/february2016

nomadking · 23-11-2016, 19:36

Quote:

Originally Posted by Osem

UK population growth to 2014:

http://www.bbc.co.uk/news/uk-33266792

The numbers haven't improved much since either.

http://www.ons.gov.uk/peoplepopulati...n/february2016

So going from 150,000/year in 1997 to 500,000/year in 2008 isn't a problem?

Mr K · 23-11-2016, 20:15

Another classic from the Chancellor today to help nobody. Getting rid of letting agent fees. All that will happen is rents going up for everybody; do you think he does 'thinking'?