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No Money Left For Shared Ownership


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HOLA441

http://www.guardian.co.uk/money/2010/jun/08/homeownership-government-housing-strategy

So there is no money left for shared ownership. Was this something that was propping up market?

I don't understand why the housing experts can't work out that the problem could be solved by the goverment building 3 million 3 and 4 bedroom semis for 3 x and 4 x the national average wage. On the basis that land without planning permission isn't worth much can't see why this isn't possible.

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HOLA442

I don't understand why the housing experts can't work out that the problem could be solved by the goverment building 3 million 3 and 4 bedroom semis for 3 x and 4 x the national average wage. On the basis that land without planning permission isn't worth much can't see why this isn't possible.

Agreed.

I live in a 1930's semi. Half the country seems to live in 1930's semis! If they could build millions of perfectly nice family homes with gardens within a few years then, why can't we now?

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HOLA443

Agreed.

I live in a 1930's semi. Half the country seems to live in 1930's semis! If they could build millions of perfectly nice family homes with gardens within a few years then, why can't we now?

NIMBYism. Some relatives of mine are up in arms because of a Housing association plan to build some semis adjacent to them.

The homes would have bigger gardens, more parking and probably better build than their (nearly) new build 'executive' homes.

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HOLA444
I don't understand why the housing experts can't work out that the problem could be solved by the goverment building 3 million 3 and 4 bedroom semis for 3 x and 4 x the national average wage. On the basis that land without planning permission isn't worth much can't see why this isn't possible.

Because as soon as the land gets earmarked for council purchase for development, it gets bought up by speculators then rockets in price.

This is what happened to the Olympic sites, where they planned to build the stadiums on disused industrial sites and run-down housing estates.

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HOLA445

Because as soon as the land gets earmarked for council purchase for development, it gets bought up by speculators then rockets in price.

This is what happened to the Olympic sites, where they planned to build the stadiums on disused industrial sites and run-down housing estates.

they should release 10 square miles in each town of 100,000.

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HOLA446

http://www.guardian....ousing-strategy

So there is no money left for shared ownership. Was this something that was propping up market?

I don't understand why the housing experts can't work out that the problem could be solved by the goverment building 3 million 3 and 4 bedroom semis for 3 x and 4 x the national average wage. On the basis that land without planning permission isn't worth much can't see why this isn't possible.

Never mind pent-up demand. Just read the comments in the quoted article and feel the pent-up anger!

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HOLA447

http://www.guardian.co.uk/money/2010/jun/08/homeownership-government-housing-strategy

So there is no money left for shared ownership. Was this something that was propping up market?

I don't understand why the housing experts can't work out that the problem could be solved by the goverment building 3 million 3 and 4 bedroom semis for 3 x and 4 x the national average wage. On the basis that land without planning permission isn't worth much can't see why this isn't possible.

There's no room and there are far too many empty properties rotting away. Best to do something about that!

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HOLA448

Never mind pent-up demand. Just read the comments in the quoted article and feel the pent-up anger!

scanned them...the message was, the price is the price and its what people have to pay...like it or lump it.

there is no money, countries are bust, and yet the minions STILL beleive people will buy their houses with 6- 10 x salary mortgages.

amazing.

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HOLA449
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HOLA4410
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HOLA4411
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HOLA4412

http://www.guardian.co.uk/money/2010/jun/08/homeownership-government-housing-strategy

So there is no money left for shared ownership. Was this something that was propping up market?

I don't understand why the housing experts can't work out that the problem could be solved by the goverment building 3 million 3 and 4 bedroom semis for 3 x and 4 x the national average wage. On the basis that land without planning permission isn't worth much can't see why this isn't possible.

Free market economy. Deflation and 20% price falls to come.

Buy quick though.

If anyone lives in Oxfordshire and is looking for a decent return, give me a PM. got some good gen for them.

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HOLA4413

Ah Grant Shapps - Housing minister.

A breath of fresh air after years of failure and corruption from New Labour?

http://www.guardian.co.uk/politics/2008/may/16/conservatives

Grant Shapps, the party's housing spokesman, disclosed to the commissioner that he had taken tens of thousands of pounds from five different companies associated with his portfolio

Erm... No!

It looks like snouts are still firmly lodged in the trough.

We can only hope that our new government precipitate the housing crash due to their economic policy - cause they ain't with their social policy.

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HOLA4414
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HOLA4415

scanned them...the message was, the price is the price and its what people have to pay...like it or lump it.

there is no money, countries are bust, and yet the minions STILL beleive people will buy their houses with 6- 10 x salary mortgages.

amazing.

Guardian readers reeeling from the likley reduction of their gold plated p.s. pensions in opposition to BTL house price falls shocker

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HOLA4416
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HOLA4417
<br />Agreed.<br /><br />I live in a 1930's semi. Half the country seems to live in 1930's semis! If they could build millions of perfectly nice family homes with gardens within a few years then, why can't we now?<br />
<br /><br /><br />

It's coz the rich crapped themselves when they realised they had a fully armed/trained army (of former gardeners/butlers/manservants) sitting around them in the UK, with no money, no jobs and not much else to do!

The super wealthy Stately home lifestyle quickly came to a stop shortly after the 1st WW, when they reduced the size of the wealth pyramid to even it out.

They released land for the wartime hero "PALS" to build houses on, introduced a fledgling benefit system and beginning of the NHS!

The pyramid has been reversed since the sixties - as you can see, with bent bankstas/City and protection of the interests of the money graBBing, thieving rich/shareholders (being bailed out by 'socialised' debt)

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HOLA4418

There's no room and there are far too many empty properties rotting away. Best to do something about that!

There is plenty of room , anyone who believes that there is not must go around with their eyes shut.

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HOLA4419
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HOLA4420

Agreed.

I live in a 1930's semi. Half the country seems to live in 1930's semis! If they could build millions of perfectly nice family homes with gardens within a few years then, why can't we now?

we don't have the land to do this. Most builds now are high density with tiny gardens, land is scarce and therefore very expensive. The land for a typical 1930s house now would cost you close £130,000 in the midlands. With building materials at record prices the cost of building is rising every week.

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HOLA4421

we don't have the land to do this. Most builds now are high density with tiny gardens, land is scarce and therefore very expensive. The land for a typical 1930s house now would cost you close £130,000 in the midlands. With building materials at record prices the cost of building is rising every week.

FFS there is plenty of land , there is just a shortage of land given planning permission thus the land that has the permission is very expensive, take a walk around and see how much land there is it is everywhere.

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HOLA4422
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HOLA4423
Guest The Relaxation Suite

Agreed.

I live in a 1930's semi. Half the country seems to live in 1930's semis! If they could build millions of perfectly nice family homes with gardens within a few years then, why can't we now?

It's got more to do with money that Nimbyism. It's the same reason why in the 19th Century they could be a railway from Bristol to Cornwall in about three weeks but now they have to shut a line for half a year if they want to fix twenty metres of of it. It's about inflationary costs of materials and bureaucracy, preposterous "consultancy" costs and health and safety restrictions.

As for the remark above from another poster about people being up in arms about housing associations - I don't blame them, at least not if they are going to fill these houses with the same kind of vermin I knew that dwelled in a housing association property.

Edited by Tecumseh
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HOLA4424

http://www.guardian.co.uk/money/2010/jun/08/homeownership-government-housing-strategy

So there is no money left for shared ownership. Was this something that was propping up market?

I don't understand why the housing experts can't work out that the problem could be solved by the goverment building 3 million 3 and 4 bedroom semis for 3 x and 4 x the national average wage. On the basis that land without planning permission isn't worth much can't see why this isn't possible.

I don't think it was propping it up to any great extent but it certainly was used to distract from high house prices. The Government trumpeted the money it was putting into shared ownership and housing associations as a response to being asked about the affordability of housing. That is to treat the symptoms not the cause and they would not want to treat the cause because the banking sector was reliant on it.

Although the Government talked up a substantial programme of building it could not compete with the rate at which credit could be created nor the recklessness of bank lending. Debt driven demand for housing (both as places to live and for investment purposes) coupled with silly multiples was too much even for the construction boom we have had. And we have had one. There are toy town estates all over the shop with tiny gardens and blocks of flats galore.

We have climbed a tree of pretend prosperity and there doesn't look to be an easy way down.

Do we need more homes? There are plenty stood empty apparently. I wonder if we could also take homes that taxpayer owned banks repossess and use them as council houses.

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HOLA4425

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