Never mind Thatcher. What about right to buy now? Shouldn't be right that a council property is the best chance of getting your foot on the ladder.

I don't usually disagree with Boris but new flats that are immediately sold to Asian investors is just wrong and only benefits the developer, owner and councils. You can't keep building in London with minimum prices of 300k while people are forced to pay 500 quid a month for a damp shoebox.

Everyone talks about taxing the rich, while they happily pay someone's 20th mortgage. Tax the developers too so there's an incentive to build cheaper and if they don't want to build, then the councils should have to rather than simply sanctioning the building of thousands of new flats while having no further say in the cost or who gets them. Another case for taking power back from them.

Edited by johnfirewall (08 Nov 2015 2.00pm)

That's basically a caravan, but it just goes to show with quality materials and a bit of thought, what can be achieved.

Thing is, not everyone is proud enough of content with themselves to live like that - people want more to look better, etc.

My dad - who is a land lord, a very good, fair one at that has turned lots of his units into smaller studio flats as that what the demand is increasing in. A lot of people want just a bed to sleep in and a kitchen area.

On the other scale, my wife, her aunt has bought an apartment in london, by the thames, a flash looking studio flat, tiny, but nearly half a million.

You could argue it's a good investment, but seriously, she only bought it cos it looks 'glam'.

Apparently a lot of europeans rent for life and pass on the lease to their families as it's easier/cheaper. not too sure the whole evidence or validation of that.

I don't usually disagree with Boris but new flats that are immediately sold to Asian investors is just wrong and only benefits the developer, owner and councils. You can't keep building in London with minimum prices of 300k while people are forced to pay 500 quid a month for a damp shoebox.

Edited by johnfirewall (08 Nov 2015 2.00pm)

Higher house prices = bigger mortgages = bigger profits for, surprise surprise, the bankers.

This elite group are constantly robbing us blind.

If you don’t like bankers then don’t borrow money - simple. Nobody forces you to.
People only rob you blind if you let them.
I own a couple of businesses and also let several properties, I negotiate my banking fees with my business manager to make sure that I do not pay too much, I constantly switch mortgage providers with my buy-to-lets to get better deals and if I ever borrow money on a credit card, I make sure that it’s on 0% interest.
Instead of moaning about bankers just shop around and beat them. It’s really not that difficult.

Edited by Tom-the-eagle (08 Nov 2015 10.51pm)

Edited by Tom-the-eagle (08 Nov 2015 10.59pm)

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