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Dave Beans

Britain's Housing Crisis - Itv

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Bit of a weird programme...kept on going off on tangents... Interesting bit at the end, whereby the couple who self built were restricted by the local council, but not being able to make a profit on it, if they resold, as they could only sell at 60% of its true worth..

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They clearly state what the problem is "the prices are to F*ing high" — but what is the solution? They don't offer any, certainly not one where prices are lower.

Surprised they didn't mention help to buy, the couple who saved for 2 years living with parents, why didn't they use the scheme?

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Bit of a weird programme...kept on going off on tangents... Interesting bit at the end, whereby the couple who self built were restricted by the local council, but not being able to make a profit on it, if they resold, as they could only sell at 60 100 % of its true worth..

Fixed for you.

They clearly state what the problem is "the prices are to F*ing high" — but what is the solution? They don't offer any, certainly not one where prices are lower.

Surprised they didn't mention help to buy, the couple who saved for 2 years living with parents, why didn't they use the scheme?

Here's the solution....lock up the banker fraudsters from 2007 lock up the corrupt politicians that gave the bankers out money without out permission, raise interest rates, regulate the banks, withdraw HTBanks, Stop outmigration, Stop foreign ownership, CPO ALL foreign owner property and BUILD HOUSES.....then let prices find their own level.

Q.E.D.

Edited by TheCountOfNowhere

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Fixed for you.

Here's the solution....lock up the banker fraudsters from 2007 lock up the corrupt politicians that gave the bankers out money without out permission, raise interest rates, regulate the banks, withdraw HTBanks, Stop outmigration, Stop foreign ownership, CPO ALL foreign owner property and BUILD HOUSES.....then let prices find their own level.

Q.E.D.

They won`t build masses of houses, it is all about finance now, they are just managing to keep the illusion alive (although it is dying out, except for the very very stupid) that 400-500k is "normal" for a place to live, if people could pick up a council house or their own place to live for 50k or less bank lending would plummet, PTB (and bankers) don`t want this. What we are seeing is a massive chemistry experiment taking place in the second year lab when the teacher is out of the room, CB`s are trying to fight the natural ebb and flow of markets and demand, and IMO it is going to end in a spectacular clusterf*uck of an economic explosion.

Edited by dances with sheeple

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..on now..

edit: won't get my hopes up...

The problem is to many people, not the lack of houses, the population is growing at a phenomenal rate.This increase is causing problems in many services in the country besides housing.

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At any rate Mr Cameron has "promised" to keep mortgage rates low if he gets elected


telegraph.co.uk/news/politics/david-cameron/11444675/David-Cameron-I-will-keep-mortgage-rates-low.html

It depends what he means by "low" of course.

King_Canute_2_jpg_2637954k.jpg

(If he does get elected and they do stay low for sure he'll be claiming the "credit").

Edited by billybong

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At any rate Mr Cameron has "promised" to keep mortgage rates low if he gets elected

It depends what he means by "low" of course.

(If he does get elected and they do stay low for sure he'll be claiming the "credit").

That is the Tory election strategy. Pump up the housing bubble to get people into so much debt that even the stupidest realise that they are toast if interest rates rise even a fraction of a percentage point, then promise low rates for as long as the Tories are in power.

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Really wish these programmes would talk about the role of credit in these high prices as opposed to 'lack of supply.' There is no reason - aside financial largesse - for the average house price to be over £200,000 when it was less than half that a generation ago.

'Affordable' housing always means subsidised or pain postponed borrowing.

Edited by tinker

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If an average worker was able to borrow £500k to buy a two up two down.....the two up two down would cost a million or more......more than half of all the value of housing is not covered by debt......the economy requires the uptake of growing debt to survive. ;)

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Really wish these programmes would talk about the role of credit in these high prices as opposed to 'lack of supply.' There is no reason - aside financial largesse - for the average house price to be over £200,000 when it was less than a generation ago.

'Affordable' housing always means subsidised or pain postponed borrowing.

Indeed, the house that I'm in (I don't own it by the way) has almost quadrupled in value since 1997...they don't explain that...

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If an average worker was able to borrow £500k to buy a two up two down.....the two up two down would cost a million or more......more than half of all the value of housing is not covered by debt......the economy requires the uptake of growing debt to survive. ;)

The "cost of housing" factors in a massive fee the banks add to the actual cost of a home.

We can see this clearly when we look at the rise in housing costs and when financialization started.

Its simple, the banks are extracting a massive fee from us via housing.

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Indeed, the house that I'm in (I don't own it by the way) has almost quadrupled in value since 1997...they don't explain that...

It hasn't really quadrupled value. That increase is simply the increase being sucked out by the banks.

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The "cost of housing" factors in a massive fee the banks add to the actual cost of a home.

We can see this clearly when we look at the rise in housing costs and when financialization started.

Its simple, the banks are extracting a massive fee from us via housing.

Exactly, what are people going to do about it though? Does anyone here think people in general are more aware of this than say in 2006/7?

Edited by dances with sheeple

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Exactly, what are people going to do about it though? Does anyone here think people in general are more aware of this than say in 2006/7?

I think that more and more people are beginning to see that simple truth.

The strange thing is it seems to be more of the boomers that see this. They remember how they could afford housing and yet now their own kids are stuffed.

The greed of "bankers" is their undoing as the host is beginning to fight back.

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It hasn't really quadrupled value. That increase is simply the increase being sucked out by the banks.

Should have said price.. :ph34r:

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Should have said price.. :ph34r:

What has increased is the ratio of credit to earnings having to be borrowed for housing.

Finance is the only industry that is ultra competitive whilst at the same time reporting massive profit. Its the largest ponzi ever.

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They won`t build masses of houses, it is all about finance now, they are just managing to keep the illusion alive (although it is dying out, except for the very very stupid) that 400-500k is "normal" for a place to live, if people could pick up a council house or their own place to live for 50k or less bank lending would plummet, PTB (and bankers) don`t want this. What we are seeing is a massive chemistry experiment taking place in the second year lab when the teacher is out of the room, CB`s are trying to fight the natural ebb and flow of markets and demand, and IMO it is going to end in a spectacular clusterf*uck of an economic explosion.

Spot on there :P With European savers being punished and borrowers being paid for debt, I think the teacher is out of the building entirely. It's never happened before right? The next few years could interesting.. Sit back.. count your bullion.. and light up that cigar ;)

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I think that more and more people are beginning to see that simple truth.

The strange thing is it seems to be more of the boomers that see this. They remember how they could afford housing and yet now their own kids are stuffed.

The greed of "bankers" is their undoing as the host is beginning to fight back.

I don't know any boomer who thinks like this.

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I don't know any boomer who thinks like this.

Perhaps its down to where you live - certainly in London - anectodally of course - I'd say most Boomers are all too aware their kids are stuffed. Both MP's and journalists are harangued by frustrated parents and lets face it thats the point of housebuilder friendly taxpayer-shafting policies.

Why and what to do about it is where we are at. Again anecdotally, a small proportion have had their heads UKIP'd, slightly larger proportion vaguely blame Estate Agents, then you have the borderline understanding of it something to do with BTL - especially if they actually have a BTL!

The idea that there might be a deeper and trickier financial/economic problem to solve isn't common however.

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Quite a few of the boomers I know are aware that housing is vastly miss priced.

Very many debt free or with very small mortgages, the sensible people that have slowly over the years have worked to repay borrowing, never to have borrowed extra from the equity accumulated over years, see and know housing is well overpriced.....they know they could not today buy the same house in the same place with the same job....the jobs that their kids and grand kids have today.....this housing crisis is now becoming a massive intergenerational problem affecting people of all ages from all walks of life.....and the governments are acting as if there is not a problem at all.....something that they usually do when they don't want to face up to a deteriorating situation and falling quality of life for a growing number of HARDWORKING DEBTPAYING people. ;)

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Interesting anecdote, today I was walking in Westminster station, loads and loads of adverts up saying things like "if you wanted to buy a house the same size as the ticket hall in central London it would be £21m" and "£6,177 would only buy you enough space for the escalator step in Central London" - trying to get into the minds of the politicians...doubt it will work

http://www.citymetric.com/horizons/escalator-step-central-london-would-cost-you-6111-and-other-brutal-facts-about-britains

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BBC now What Britain Wants with Mariella Frostup. Interesting but the meme is build more but help more (prices maintained!). Her first home (London) bought in 1984 for £40,000. last bought for £400,000. Insane. Everything being done seems to encourage this insanity.

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