House prices rose 7.3% this year, average now almost £250k
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Soldato
When you say MPs I presume you mean both Labour and Conservative right?
Building council houses isn’t really part of the Conservative agenda, we had a general election recently and Labour lost so until they become “electable” then I guess we’re stuck with the Conservatives.
If people democratically vote for a Government that that is right wing why would they expect left wing policies, why would MPs not then follow that direction. If people want a more socialist policies then they need to vote those people into power.
About that...The current system is that any development over 10 houses has to have a % of affordable housing, Jenrick is putting through a bill to raise that to 40-50 to help the landowners and developers in this difficult time...
https://www.theguardian.com/politic...es-to-be-scrapped-under-tory-planning-reforms
Tories gonna Tory, especially when the housing minister has a housing developer mate who likes to donate to the cause
Soldato
The prices around here have gone bonkers - good for the BTL I’m going to sell but bad for when I need to move in a couple of years 
I did think that the market has gone a little crazy, houses that used to take a few weeks to sell are now under offer in a matter of days!
I did think that the market has gone a little crazy, houses that used to take a few weeks to sell are now under offer in a matter of days!
Soldato
Prime real estate, dontcha know
To clarify, my actual location is Southport and it’s the surrounding villages that I mention, I’m not so sure people are clamouring over the outskirts of Birmingham
Man of Honour
Got to say I agree.
It's interesting that people who agree with this often fail to look at the demographics that this "grip" would affect. The White British (one could reasonably say - until very recently - the only real "native" ethnicity in the UK) population already has birth rates below replacement,and it's the same across the west. I don't want to make this in to an immigration/great replacement thread but if you really believe that population control is the solution, have a look at which populations you'd be controlling. I'd be willing to bet most would find some cognitive dissonance there.
Soldato
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It's in our nature to constantly grow and consume all the resources. Only once they are gone will we start to die off.
Build, Build, Build, Build
Regarding the buying and selling of houses. Where I live, it's gone crazy. Houses are only on the market a few weeks and they are selling.
Haha that's more understandable. Lovely areas around there, I was about to buy a house in Formby many years ago but then met my wife and plans changed etc.Prime real estate, dontcha know
To clarify, my actual location is Southport and it’s the surrounding villages that I mention, I’m not so sure people are clamouring over the outskirts of Birmingham
Prime real estate, dontcha know
To clarify, my actual location is Southport and it’s the surrounding villages that I mention, I’m not so sure people are clamouring over the outskirts of Birmingham
Sutton Coldfield and Harborne would beg to differ!
Soldato
This!
Soldato
The outskirts of Birmingham are cheap enough. £130k gets you a decent 2 bed semi. £100k gets you a decent 2 bed flat. All within commuting distance of BirminghamPrime real estate, dontcha know
To clarify, my actual location is Southport and it’s the surrounding villages that I mention, I’m not so sure people are clamouring over the outskirts of Birmingham
.The point is this is where you buy your first property to build equity. I couldn't afford to buy my current house with a 90% mortgage. I used equity I built by overpaying the mortgage on my previous property.
Caporegime
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The outskirts of Birmingham are cheap enough. £130k gets you a decent 2 bed semi. £100k gets you a decent 2 bed flat. All within commuting distance of Birmingham
The point is this is where you buy your first property to build equity. I couldn't afford to buy my current house with a 90% mortgage. I used equity I built by overpaying the mortgage on my previous property.
This generation don't care.
Previous generations bought a starter place and then moved home at least a couple of times.
I know my dad is now in his fourth home during my lifetime. I don't know how many he lived in during his childhood but I'm guessing several.
People don't want to work up the ladder they see what everyone else has and they want all of that right now.
Soldato
The outskirts of Birmingham are cheap enough. £130k gets you a decent 2 bed semi. £100k gets you a decent 2 bed flat. All within commuting distance of Birmingham
The point is this is where you buy your first property to build equity. I couldn't afford to buy my current house with a 90% mortgage. I used equity I built by overpaying the mortgage on my previous property.
Exactly, cheap houses, plenty of jobs, precisely the reason I moved up here instead of staying in Bath and whining about ridiculous house prices
Soldato
You will also have enough equity to move back south if you ever want to in the future too.... not that I would want to since you get SO much more in the midlands or north.Exactly, cheap houses, plenty of jobs, precisely the reason I moved up here instead of staying in Bath and whining about ridiculous house prices
(I've never lived in the south btw).
Caporegime
It's not even close to clear cut. Pretty sure there's a legal bribe the council can take from developers to prevent social housing being built lol.
The new build "circuit" is an absolute racket.
You can think that if you like but what you're alluding to is almost along the lines of victim-blaming. Why do people keep coming out with the nonsense arguments that young people are 'spending too much on crap' when the cold hard facts show you very transparently and clearly that housing costs have risen to almost unfathomable heights and it is that that is making housing unaffordable for young people. The only people round my way that I see driving new leased cars, getting takeaways 2-3 times a week are the homeowners.
I'll quote my post from the other thread so you can reacquaint yourself before you respond:
There's better graphs out there that show this ratio going up, up and up since the 80s but you know what I just can't be bothered because this argument is like banging your head against a brick wall.*ding ding* We have another that doesn't understand the factsCongratulations…
https://www.lloydsbankinggroup.com/.../lloyds-bank-affordable-cities-2019-final.pdf
Soldato
This generation simply can’t always afford a house. It is nothing like how it used to be.
..."which makes the average property in the UK valued at £231,855"
..."In 2019, the UK’s median earnings went up by 2.9 per cent, meaning that the average person took home about £585 per week, which works out at around £30,420 a year."
2 'average' people on 30k can't get a mortgage for an 'average' property worth 232k?
A quick calculation and as long as they aren't paying off credit cards for their 3 trips to Magaluf every year or have finance agreements on a brand new Audi A3, iPhone 27, then they can borrow up to £269k (according to a quick calc on Halifax); more than they need.
I think too many people are expecting an average home to be a large 4 bed in an Ok place or in London and won't settle for anywhere below a pad they can boast about on Facebook/Insta and must be worth 500k+.
..."In 2019, the UK’s median earnings went up by 2.9 per cent, meaning that the average person took home about £585 per week, which works out at around £30,420 a year."
2 'average' people on 30k can't get a mortgage for an 'average' property worth 232k?
A quick calculation and as long as they aren't paying off credit cards for their 3 trips to Magaluf every year or have finance agreements on a brand new Audi A3, iPhone 27, then they can borrow up to £269k (according to a quick calc on Halifax); more than they need.
I think too many people are expecting an average home to be a large 4 bed in an Ok place or in London and won't settle for anywhere below a pad they can boast about on Facebook/Insta and must be worth 500k+.
Soldato
Well, the obvious downside is having to live in the Midlands... I'd rather live pretty much anywhere else in the country (except for London!), but putting up with it for a few years will be worthwhile in the longer term
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