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Tired of Waiting

Why Do We Tolerate Daylight Robbery In Housing?

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If we had the guts to properly reform planning and take on Britain’s nimbys, a radical programme of house-building could reduce prices in the medium term, reduce the appalling £20 billion-plus we spend on housing benefit, create jobs and ease the North-South divide

The same rubbish time and time again. Without reform of the banking system and redistribution of the land no amount of house building will solve the problem.

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More people are standing up and shouting louder about the big growing problem of obtaining decent housing within a budget and an affordable distance to get to work, these amongst others are the growing section of society people and their children who now live here settled now in this country to made their permanent home here......people that don't have a bank of mum and dad or a mum and dad that have a house big enough to house a growing extended family........we have encouraged a growing population.....so only right to provide enough homes and jobs for all the population to work with a wage that is enough to buy or rent a home to live in. ;)

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The same rubbish time and time again. Without reform of the banking system and redistribution of the land no amount of house building will solve the problem.

The main assault of it was good. Quite brave to challenge the older owners who don't want to lose any value from their decades of easy HPI super wealth riches, and rename those schemes for what they actually are.

He's the new Editor of the Independent btw. Landed a very senior position. Smart and just turned 30 years old.

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The same rubbish time and time again. Without reform of the banking system and redistribution of the land no amount of house building will solve the problem.

Ireland? Spain? USA?

Without a planning blockage a HPI triggers a construction boom, and in a few years the extra supply undermines house prices.

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Very good article seems more and more of the MSM are catching on to the mess that is HPI

I do hope so.

The main assault of it was good. Quite brave to challenge the older owners who don't want to lose any value from their decades of easy HPI super wealth riches, and rename those schemes for what they actually are.

+ 1

He's the new Editor of the Independent btw. Landed a very senior position. Smart and just turned 30 years old.

Excellent news!

I know its circulation is low, but it's reasonably respected, read in some "influential circles", and every little helps.

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In inner London, the insanity is really getting going. Next door went on the market for £1.4 million. An average middle terrace house, 3 bedrooms, narrow garden, no off street parking. I sniggered when I saw it, confident that they wouldn't get anything like that.

Well the SOLD board went up at the end of last week. On the market for 6 weeks, sold, no problems.

In addition, we had a note shoved through the door this morning from someone (not an EA) wanting to buy a house in the area. Got phone numbers and names on it, so it is probably genuine.

This isn't help2buy territory, but I have absolutely no idea what is driving it. I thought all the bankers had been fired....

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Ireland? Spain? USA?

Without a planning blockage a HPI triggers a construction boom, and in a few years the extra supply undermines house prices.

There are close to 1 million empty homes in the UK. House prices in the UK have nothing to do with supply because the market is rigged.

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Excellent news!

I know its circulation is low, but it's reasonably respected, read in some "influential circles", and every little helps.

If Guido's source is accurate, sounds like he's had experience of the fragile conditions for employment in recent years (with him probably aware of them well in advance), that may still lurk behind all the forbearance and stimulus.

Who wants to borrow huge amounts of debt for a home with a normal mortgage, + now the offer of "Help-To-Buy" on top, to meet older owner/or younger highly leveraged seller's asking price. when you've had such a recent experience in your sector?

He probably has a few things to learn at 30, but I like some of his main themes. Unless it's just for effect, a bit like Liz Jones winding people up to get a following. Suspicious of everything these days. 'We are letting the old wage war on Britain's young. (July 2013)'

The most blatant is on pensions, the ring-fencing of which is naked electioneering and a moral disgrace. Then there is housing. As this column lamented a few weeks ago, a catastrophic failure to build houses on the necessary scale, while pumping up another asset bubble with the idiotic Help to Buy and Funding for Lending schemes, is about as shameless a theft by the old from the young as can be imagined.The future has no lobby, except for the children who will suffer our despoiled version of it: that is the democratic deficit in which we live.

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There are close to 1 million empty homes in the UK.

That's not really a very big number when you consider that there are about 25 million properties in the UK, and many of those 1 million are either temporarily between uses (e.g. probate or reposessions) or in areas where demand for housing is much lower than it was in the past (e.g. former pit villages in the north of England).

The unemployed young of the north are told to get on their bikes to find employment, most of which is in the south. The precariously housed young of the south are told to get on their bikes to find cheap housing, most of which is in the north.

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There are close to 1 million empty homes in the UK. House prices in the UK have nothing to do with supply because the market is rigged.

That is a myth, "1 million empty homes".

Actually: "According to DCLG there were 737,491 vacant properties in Oct 2010. But many of these are not long term vacant. In fact, only 300,526 of these properties had been vacant for more than 6 months."

And in the South?

"34,422 in London, 34,279 in the South East (25, 597 in the East of England)."

Would that be around ... 2% of all properties in these 3 Southern areas?

Source: http://spatial-economics.blogspot.co.uk/2011/09/empty-homes-and-housing-crisis.html

.

Edited by Tired of Waiting

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We're only borrowing being forced to take out PREDATORY LIAR LOANS from the future. Unfortunately we've borrowed been co-erced into committing so much MORTGAGE FRAUD that there's not going to be a future...

Edited by eric pebble

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Where once our home was our castle, or our pension, now we think of our homes as a financial gift to our children:

But it's not really a "financial gift" anymore is it because they'll need the proceeds to buy some pokey little terrace costing more than a million - and tough luck if there's more than one child because they'll just have to buy a part share of a pokey little terrace and that's if they're lucky.

It's no way to run a country.

Edited by billybong

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It is when your argument is that house prices are high because of a lack of supply.

There's a lack of supply in London/SE.

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There's a lack of supply in London/SE.

If there's a lack of supply, then why do we have spare houses for all the Chinese communist party members and Russian murderers?

How is it that some people own two or three? You know, if we have a shortage and everything?

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How is it that some people own two or three? You know, if we have a shortage and everything?

There are 4 houses and 6 families.

The richest family buys 2 houses. The next 2 families buy 1 house each. The remaining house is split into tiny flats for the remaining 3 families.

Even if we redistribute the rich family's second house, there is still a shortage in that each family cannot have its own house.

To see this in action, visit a north London suburb like Wood Green where you will find street after street of families with children occupying a single floor of a 2 or 3 storey house originally intended for one family.

Edited by Dorkins

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If there's a lack of supply, then why do we have spare houses for all the Chinese communist party members and Russian murderers?

How is it that some people own two or three? You know, if we have a shortage and everything?

We haven't been building for many years, or even decades. Compare us with Germany below.

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

Percapita.gif

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There's a lack of supply in London/SE.

What is a lack of supply?....lack of homes on the market for sale, or lack of suitable homes for sale, or lack of affordable homes for sale? ;)

There are people that I know who have lived in their family home for over 40 years......they don't even think of what the value is or even care, their kids may live in it for maybe another generation......many houses like this will rarely come up for sale...why should they? ;)

Edited by winkie

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