Saturday, Mar 20, 2010
Fear & Loathing, Don't Panic!
Sky news: Warning: Housing Shortage At 'Crisis Point'
The UK housing shortage is at crisis point - with building work at its lowest level since World War Two despite a need for a million extra homes, it is claimed.
Posted by happy mondays @ 03:23 PM (1674 views) Add Comment
11 Comments
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1. hpwatcher said...
In my areas, I am seeing loads and loads of houses coming onto the market. Perhaps the law of supply and demand will finally start working in the favour of the buyer,
2. cyril said...
Fancy the Homebuilders federation grumbling about a housing shortage? They should have a word with their own members instead of grumbling to Sky news. Maybe they could try reducing their prices a bit?
3. happy mondays said...
@1 surely not, there are no houses left! You best run out with cheque book & buy what you can NOW, otherwise you will never have a home.
Dare i say that with the fall in sterling & hike in inflation, a few migrant workers may well pack up & leave blighty amongst the already naff-ed off Brits leaving! That's if they are not flying with BA..
& how many already empty houses? Did i hear someone say 870000 with enough commercial property to create another 420000..
4. enuii said...
Ballcocks - there will a steady increase in properties coming onto the market, especially family homes as increasing numbers of post war baby boomers kick the proverbial bucket. Many of these homes are much larger and of better quality than anything the Homebuilders Federations are currently building and are pound for pound probably better value.
5. Capitalistpiglet said...
"Her two sons aged 10 and 13 share a room that measures around three metres by four. It is not large enough for a bed each, so the boys take turns sleeping on the floor." I was brought in the same conditions and used bunkbeds. We turned out OK. Don't see why council house tenants deserve different. If she doesn't like the taxpayer subserdised lodgings, move out of London.
6. mken said...
... not to mention existing 650,000 empty properties in the UK according to the Empty Homes Agency
7. mark wadsworth said...
@ mken, once we've replaced as many taxes as possible with Land Value Tax, there won't be such a thing as empty homes (or certainly not on that scale).
8. Puppee said...
hpwatcher its not a shortage of housing as such its about affordable housing and the shortage lies in council housing shortage for people that will never be able to buy their own home or don't want to ?
9. mick rupert said...
Always seems to be enough housing to furnish our elected members of Parliament with a second home, plus however many they need in addition as investment vehicles.
What could possibly be the problem (ahem)?
10. This comment has been removed as it was found to be in breach of our Blog Policies.
11. Rpaulson said...
wow, if we keep going at this rate the country will be as heavily populated as japan and we can look forward to their astronomic houseprice rises based on a shortage of homes. oh, hang on, they've been falling in value for the last 20 years..