Buying a house.

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Buying a house.

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Vaibow vancouver/croydon 06 Feb 16 9.26pm
My old man is a professional land lord - he see's trends in markets, the way people react to crisis etc. It's not pretty and it won't get better. But, if you can get on the property ladder, do it. a lot of the spanish rent, with families taking over the houses from past generations - it's all cultural and subjective. All i know is, my pals have and to save longer, live at home longer, to get the money and also borrow from parents. The 1% only benefit and the rest slowly get pulled down to near poverty where working 60 hours is the norm. This was once a quality forum....
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Vaibow

vancouver/croydon 06 Feb 16 9.26pm

My old man is a professional land lord - he see's trends in markets, the way people react to crisis etc.

It's not pretty and it won't get better. But, if you can get on the property ladder, do it.

a lot of the spanish rent, with families taking over the houses from past generations - it's all cultural and subjective.

All i know is, my pals have and to save longer, live at home longer, to get the money and also borrow from parents.

The 1% only benefit and the rest slowly get pulled down to near poverty where working 60 hours is the norm.

This was once a quality forum....

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Ketteridge Brighton 06 Feb 16 10.21pm
Originally posted by Penge Eagle I'm not so sure that it's small demand - I'd say net 'legal' migration of 330,000 is a big demand when you compare it to the number of new houses being built and not the population as a whole. And we have loads of catching up to do, ie 100,000 to make up each year from last 20 years. It's also a strain on the NHS, local schools and infrastructure too. Slashing immigration won't solve the housing problem but it will go a long way in helping. Edited by Penge Eagle (06 Feb 2016 3.07pm) I appreciate you argument that migration has caused a bottle neck which has resulted in an increase in demand but the housing crisis and house price inflation did not start last year or the year before. You also need to ignore the fact in the last ten years two thirds of migration has been 'controlled' I am assuming this is through need for those skills. The comparison to overall population and using the drop in average household size is to illustrate that the housing stock can cover the additional needs of the growing population, whether that growth is from EU migration, controlled non - EU migration or aging population. As I have previously said 2.3 million (sorry missed the .3 in my earlier post) dwelling have move into the private rented sector between 2003-2013 , capacity for 5.29 million people in England alone (using 2.3 average household size as starting point) 1.1 million people have moved to the UK from the EU between 2005-15. So the demand effect arising from private landlords is 5 times that of EU migrants, and this is assuming all EU migrants all live in England and no one in the UK moves to Europe. On the supply side the 144000 houses is the 5th lowest completed builds since 1969-70, the other 4 lowest levels are all since 2010. This is at a point when house price are rising and construction GDP is still poor which really indicates a market failure, through land speculation, and poor government planning not the additional demand through migration. So yes I do consider it small in comparison to other drivers of price and demand and slashing immigration, well at least the third we don't have control of will probably not do much to curb the problem One supporter of hacking argued that without it "you will do away with the courage and pluck of the game, and I will be bound to bring over a lot of Frenchmen who would beat you with a week's practice -Blackheath secretary at first meeting of the F.A
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Ketteridge

Brighton 06 Feb 16 10.21pm

Originally posted by Penge Eagle

I'm not so sure that it's small demand - I'd say net 'legal' migration of 330,000 is a big demand when you compare it to the number of new houses being built and not the population as a whole. And we have loads of catching up to do, ie 100,000 to make up each year from last 20 years. It's also a strain on the NHS, local schools and infrastructure too.

Slashing immigration won't solve the housing problem but it will go a long way in helping.

Edited by Penge Eagle (06 Feb 2016 3.07pm)

I appreciate you argument that migration has caused a bottle neck which has resulted in an increase in demand but the housing crisis and house price inflation did not start last year or the year before. You also need to ignore the fact in the last ten years two thirds of migration has been 'controlled' I am assuming this is through need for those skills. The comparison to overall population and using the drop in average household size is to illustrate that the housing stock can cover the additional needs of the growing population, whether that growth is from EU migration, controlled non - EU migration or aging population.
As I have previously said 2.3 million (sorry missed the .3 in my earlier post) dwelling have move into the private rented sector between 2003-2013 , capacity for 5.29 million people in England alone (using 2.3 average household size as starting point) 1.1 million people have moved to the UK from the EU between 2005-15. So the demand effect arising from private landlords is 5 times that of EU migrants, and this is assuming all EU migrants all live in England and no one in the UK moves to Europe.

On the supply side the 144000 houses is the 5th lowest completed builds since 1969-70, the other 4 lowest levels are all since 2010. This is at a point when house price are rising and construction GDP is still poor which really indicates a market failure, through land speculation, and poor government planning not the additional demand through migration. So yes I do consider it small in comparison to other drivers of price and demand and slashing immigration, well at least the third we don't have control of will probably not do much to curb the problem

One supporter of hacking argued that without it "you will do away with the courage and pluck of the game, and I will be bound to bring over a lot of Frenchmen who would beat you with a week's practice -Blackheath secretary at first meeting of the F.A

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Penge Eagle Beckenham 07 Feb 16 6.48pm
Originally posted by -TUX- 1. I don't need or want to. 2. You equate the 'housing crisis' to house prices. I equate the 'housing crisis' to those who can easily afford to pay extortionate rents (for many years in many instances) yet aren't given a mortgage due to being unable to save an absurd deposit to due paying extortionate rents etc etc............ That's where we differ. That's also why the reference you took the time to source and then post is irrelevant. But well done, it obviously made you happy for a while. Housing prices or crisis, it's both lack of supply and high prices for both purchase and rent. It all comes under the same thing. You said landlords should be restricted on ownership as they are to blame and my stat proves it is not the case.
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Penge Eagle

Beckenham 07 Feb 16 6.48pm

Originally posted by -TUX-

1. I don't need or want to.
2. You equate the 'housing crisis' to house prices. I equate the 'housing crisis' to those who can easily afford to pay extortionate rents (for many years in many instances) yet aren't given a mortgage due to being unable to save an absurd deposit to due paying extortionate rents etc etc............

That's where we differ.
That's also why the reference you took the time to source and then post is irrelevant. But well done, it obviously made you happy for a while.

Housing prices or crisis, it's both lack of supply and high prices for both purchase and rent. It all comes under the same thing. You said landlords should be restricted on ownership as they are to blame and my stat proves it is not the case.

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Penge Eagle Beckenham 07 Feb 16 6.50pm
Originally posted by Ketteridge I appreciate you argument that migration has caused a bottle neck which has resulted in an increase in demand but the housing crisis and house price inflation did not start last year or the year before. You also need to ignore the fact in the last ten years two thirds of migration has been 'controlled' I am assuming this is through need for those skills. The comparison to overall population and using the drop in average household size is to illustrate that the housing stock can cover the additional needs of the growing population, whether that growth is from EU migration, controlled non - EU migration or aging population. As I have previously said 2.3 million (sorry missed the .3 in my earlier post) dwelling have move into the private rented sector between 2003-2013 , capacity for 5.29 million people in England alone (using 2.3 average household size as starting point) 1.1 million people have moved to the UK from the EU between 2005-15. So the demand effect arising from private landlords is 5 times that of EU migrants, and this is assuming all EU migrants all live in England and no one in the UK moves to Europe. On the supply side the 144000 houses is the 5th lowest completed builds since 1969-70, the other 4 lowest levels are all since 2010. This is at a point when house price are rising and construction GDP is still poor which really indicates a market failure, through land speculation, and poor government planning not the additional demand through migration. So yes I do consider it small in comparison to other drivers of price and demand and slashing immigration, well at least the third we don't have control of will probably not do much to curb the problem I'd like net migration to be 0 for a few years and then assess from there. But it's not going to happen
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Penge Eagle

Beckenham 07 Feb 16 6.50pm

Originally posted by Ketteridge

I'd like net migration to be 0 for a few years and then assess from there. But it's not going to happen

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leifandersonshair Newport 07 Feb 16 6.59pm
I'm sure the 1% sniff and say it's not their fault everyone else is too lazy and workshy to be earning a 6 or 7 figure salary so they can get on the property ladder.
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leifandersonshair

Newport 07 Feb 16 6.59pm

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I'm sure the 1% sniff and say it's not their fault everyone else is too lazy and workshy to be earning a 6 or 7 figure salary so they can get on the property ladder.

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