Tired of Waiting

You may be right, I'm not sure, but I still think Osborne wanted a higher number of new builds, to kick start the economy, but was unable to force it through, against the NIMBY lobby / press / boomers public opinion. .

Finally! Great news SD. Now let's just hope that this view spreads.

I though this part was most interesting: "The Treasury even succeeded in getting the talented Nick Boles into the Department for Communities and Local Government as what other ministers called 'Osborne’s spy' ". I had noticed before that this new Minister, Nick Boles, was strongly in favour of new housing. But I didn't know that he was an Osborne's appointee. Good and bad news here: Good: Osborne gets it. Bad: Not even Osborne is strong enough to overcome the NIMBY fecking "g(c?)rass roots" of the Tory party. .

Link: http://www.telegraph.co.uk/earth/greenpolitics/planning/10089428/George-Osbornes-botch-job-has-left-housing-in-crisis.html Summary below: And before boomers argue that we have enough houses, please see this chart below, with the UK average.

Yep. "See my sig." and all that... Morons, all of them. Well, actually it appears that Osborne gets it, but is unable to overcome his party's NIMBY resistances: http://www.telegraph.co.uk/earth/greenpolitics/planning/10089428/George-Osbornes-botch-job-has-left-housing-in-crisis.html

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Thanks.

Good question. And it's not really comparing countries: "compared with their own long-term averages" That explains France's results. I've been there recently and their houses are much bigger and much cheaper than ours. I've seen many at around £1,000/sq.m., and with very large plots.

Brilliant, as usual.

Excellent! That's it. Thank you TMT. The brilliant part about housing starts at 23min 20sec in, very clear, simple, direct. Just 2 minutes. Highly recommended. Good man: http://www.oecd.org/general/piercarlopadoandeputysecretary-generalandchiefeconomistoftheoecd.htm

Someone from the OECD gave a very good interview on Radio 4 today. I don't remember the precise time, sorry, but it was around lunch time. Has anybody else listened to it as well? And remember at what time it was aired please?

+ 1 Our political parties are always researching voters opinions on these issues, and it's no coincidence that all parties try to avoid house prices falling.

+ 1 . . . .

Exactly.

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Insanity all around. I just hope banks are at least asking for a good deposit, 20% or more. If so, then fvck these BTL idiots. When IRs go back up they will be totally fvcked. Just deserts then. As I keep saying, our price correction would have been deeper by now if we hadn't had this planning bottleneck. And if we keep restricting new builds the correction will be slow and shallow.

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Me too.

Oh, I see, sorry, I misread you. We agree then.

Sorry SB but that is not true. See our average below, and keep in mind that the situation is much worse in the South/SE and worse still for the younger generation. http://shrinkthatfootprint.com/how-big-is-a-house

Good post.

+ 1 Straw-man. Shouldn't it? Pity potential future residents don't have any voice over local planning, right? Only current local residents have votes and influence over local authorities. Frankly winkie, I am very surprised that you haven't come across this argument on this site before. Quite common knowledge really, undisputed AFAIK. Sure. (/) Good to know. Plenty?? And supply is not equally relevant??? You think the price of building plots is fair???? No bubble here?????? I'm sorry winkie but I think this has been one of the most absurd comment I've seen in this site for a loooong time. And that is quite a feat, you must agree. The credit crunch affected all countries, but prices fell more in countries that allowed a construction boom during the bubble, like in Ireland, USA and... Spain! Thanks for making my point BTW.

+ 1 .

http://shrinkthatfootprint.com/how-big-is-a-house