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Snugglybear

Grauniad - The Housing Crisis In Charts

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It's funny, but the left are better in opposition. The answers here aren't easy to find, or at any rate have a political cost, but at least someone is prepared to shout it from the rafters

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Mostly all delusional.

Link it all to rolling deficits, national debt, positions protected in a very fragile market at super low rates, stalling mortgage demand at these prices, so many outright older owners hogging hyperinlfated family homes, where we will have more looking to sell and accept lower prices when the HPI party stops.

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Guest Jemmy Button

I haven't read the report yet but do the Guardian mention the role the last Labour Government played in allowing house prices to spiral out of control via mass immigration?

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Mostly all delusional.

Link it all to rolling deficits, national debt, positions protected in a very fragile market at super low rates, stalling mortgage demand at these prices, so many outright older owners hogging hyperinlfated family homes, where we will have more looking to sell and accept lower prices when the HPI party stops.

If someone has a home they worked for and paid for and are enjoying their life living in it, that is their choice....they didn't ask for it to be hyperinflated, the government policies on housing created the bubble in hyperinflated/rated places....not all places have hyperinflated prices.....

Edit to say.....only a matter of time and the homes will be sold, diluted and distributed back into the economy...not necessarliy the same economy from whence it came.

Edited by winkie

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The 3 step ups in HPI look quite clear: 1971/72 is the initial ramp (Dollar comes off the gold standard - defacto the world does, as most currencies are either directly or implicitly pegged to the dollar). Early 80s the next ramp, as deregulation takes its toll. 1996 the next ramp, as BTL makes landlordism and rent seeking a lot easier.

Will the pension 'reforms' mean the start of a forth ramp...Average price £300k by 2016?

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It's funny, but the left are better in opposition. The answers here aren't easy to find, or at any rate have a political cost, but at least someone is prepared to shout it from the rafters

It would be nice if somehow they were all in opposition. Left and right. Permanently.

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Interesting that they put in the rather stereotyped image of the apparently low value house boarded up and reminiscent of the days of the "in the sticks" recession when they could have just as easily have shown an image of a modern block of flats in London at night with no lights on because overseas owners never occupy them.

They do it for China so why not for London.

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It's really strange (in an article supposed to be addressing the housing crisis) the way the chart of numbers of new homes built just stops in 2010 - all the other charts manage to get up to 2013 at least.

It's 2015 now - another 5 years have gone by. The rate of building in that 5 years has turned out to be the lowest since World War 2 so why not show it.

Edited by billybong

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Presumably where the net change in the numbers of homes is bigger than the number of new homes built that means that large houses are being split into smaller units through redevelopment. So increasing numbers of small flats.

One has to assume the "net change in numbers of homes" chart also includes for the numbers of demolitions which in the late 60s apparently amounted to 80,000 a year and in 2010 there were reports that there were proposals to demolish at the rate of 80,000 a year in the future.

As that chart also stops in 2010 it's not clear what the net change in the numbers of homes is for the period 2010 to 2015 but if they were demolishing at 80,000 a year then the net change in the numbers of homes would be very very small in that period up to 2015.



Proceedings of the Institution of
Civil Engineers
Urban Design and Planning 163
December 2010 Issue DP4

http://

www.ice.org.uk/ice_web_portal/media/events/housing-and-sustainability.pdf

The Environmental Change Institute (ECI) report The 40% House sets out to reduce domestic carbon dioxide emissions from homes by 60% by 2050 (Boardman et al ., 2005). To achieve this, it proposes the demolition of three million ‘leaky’ homes by 2050, clearing 80 000 a year, which is four times the current rate (DCLG, 2008c)
Edited by billybong

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Why has the number of private building firms collapsed since the state stopped building?

We've gone from 12 big building firms to 3 inside 25 years.

Is it a monopoly?

Was competition actually healthier when the state built homes (because it stopped a handful of private firms forming a cartel?)

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Why has the number of private building firms collapsed since the state stopped building?

We've gone from 12 big building firms to 3 inside 25 years.

Is it a monopoly?

Was competition actually healthier when the state built homes (because it stopped a handful of private firms forming a cartel?)

Yes. it is a monopoly / cartel.

Government is absolutely behind it and enforces new rules which those companies complain about sometimes but have the end result of locking out competion. If you starve the small builder section of land they cannot build and there is no competition.

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If you read the comments, HPI is all down to the Evil Tories. Presumably the comments came after studying the Graphs?

It gives great insight into your typical Guardian Reader's mindset. Indoctrinated and their ability for independent thought left in the Sh1t house. The most pertinent and shocking graph shows an average house price of £55k in 1997, rising to £182K in 2007.

There are none so blind as those who will not see

You really could stick a red rosette on a Pig and the dim-witted feckers would vote for it.

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If you read the comments, HPI is all down to the Evil Tories. Presumably the comments came after studying the Graphs?

It gives great insight into your typical Guardian Reader's mindset. Indoctrinated and their ability for independent thought left in the Sh1t house. The most pertinent and shocking graph shows an average house price of £55k in 1997, rising to £182K in 2007.

There are none so blind as those who will not see

You really could stick a red rosette on a Pig and the dim-witted feckers would vote for it.

At the last (local) election there was a coffin dodger with a red rosette outside the polling station asking for polling card numbers. That's one category voting Labour; idealistic, born the right side in HPI, can afford to ignore their actual record. Who else is voting for them?

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