Monday, May 11, 2009
So who are going to by these "highly desirable" investment in 20 years time?
BBC: House prices 'force rural exodus'
More than 100,000 young adults will leave the English countryside over the next three years due to a shortage of affordable housing, research suggests.
Posted by peter_2008 @ 01:10 AM (363 views) Add Comment
5 Comments
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1. Refugee said...
Same old story. They trot this one out every now and again. Let's be plain. It has much less to do with housing than it does opportunity. Many kids in rural areas enjoy decent education and they go off to university. When they finish they have no choice to leave the areas they grew up in because there are no career opportunities. They go off to the cities and develop a career and some manage to get back to the country later. Others find they like cities and stay. Happened with all three of our kids, there is no way they would move back to the country. No jobs, no services, no public transport, no entertainment, no culture. Biggest problem the kids always cite to me is that in country you need a car.
2. doomwatch said...
It's funny isn't it. The same "poor old country folk" who are moaning that their kids can't afford to live in rural areas are probably the same
NIMBY types who own multiple "investment" properties in London etc and do their best to oppose any new building of new homes, affordable or not.
3. inbreda said...
it will reverse most rapidly in rural areas when the baby boomers start to cark it
4. mark wadsworth said...
What DW says.
This issue is genuinely upsetting, I can see the argument that towns and cities are packed to the brim (they aren't of course, but I can still see the argument) but when you go to these little country towns with ridiculously high prices surrounded by, er, fields it does occur to me that 100,000 house @ 10 homes/acre = 10,000 acres = 0.04% out of about 25 million acres of agricultural land in England alone (from memory, maybe the the amount of ag land we'd need to build houses on is as much as 0.1% or something).
But with a liberal planning carrot and a Land Value Tax stick, what can possibly go wrong?
5. need-a-crash said...
Rural Exodus - To where exactly, I can't see much affordable housing in the cities?
DW - I thought it was London types buying rural retreats as investment properties not the other way round. In which case the kids would be brought up in London?