Who's Going To Build Houses Now? Have The Nimbys Won?

[Guest_northshore_*]

Who wants social housing. The whole concept is of social housing is pathetic and totalitarian.

I simply want the basic human right to house myself.

How would you house yourself without social land (housing)? If you think there's a basic right, how would that right be exercised without at least an overriding state land policy? All very well considering it totalitarian but in a world of private property rights nobody owes you the obligation to let you build anything or house yourself anywhere.

[R K]

Who wants social housing. The whole concept is of social housing is pathetic and totalitarian.

I simply want the basic human right to house myself.

Well you're paying the thick end of £25,000,000,000 each year for it, you may as well get something back

You want "human rights"? now youre sounding like a leftie socialist commie Stalin lover.

Edited May 8, 2015 by R K

[Bear Goggles]

Fewer than 1 in 4 UK adults voted in the rentier party today, apparently the rest of us just don't matter.

The objective is not to represent the majority, it is to legitimise the minority. That was successfully achieved last night.

The fact that democracy is broken is just something for the liberal urbanites to discuss around the dinner table while the rentiers get on with the serious business of setting the rules and collecting their dues.

So I agree with you, the rest of us don't matter. We're irrelevant.

[zugzwang]

The objective is not to represent the majority, it is to legitimise the minority. That was successfully achieved last night.

The fact that democracy is broken is just something for the liberal urbanites to discuss around the dinner table while the rentiers get on with the serious business of setting the rules and collecting their dues.

So I agree with you, the rest of us don't matter. We're irrelevant.

But democracy isn't broken! The Scots took a massive step towards independence yesterday, an absolute triumph for the political process. It can only a matter of time before they leave the English rentier parasite to wallow in his own filth and corruption.

[Bear Goggles]

But democracy isn't broken! The Scots took a massive step towards independence yesterday, an absolute triumph for the political process. It can only a matter of time before they leave the English rentier parasite to wallow in his own filth and corruption.

Yes. Perhaps change at the margins is the process by which the status quo is challenged. Seems like a long shot though.

[goldbug9999]

I don't understand how prices can keep rising.

So long as people continue to lower their expectations of how much shelter each £ buys then there is moreorless no limit e.g. if say middle class working families with two 40k earners can be persuaded to live in a studio flat then the price of such flats will rise to reflect the earning/borrowing power of such a families. IOW you can keep prices rising if you can keep lowering peoples expectations of how much space then need across the board but you also need to keep reducing transaction volumes since the number of potential buyers reduces as you go up the income scale.

Edited May 9, 2015 by goldbug9999

[200p]

LOL the challenge is on. 5 years ago £10,000 in BDEV shares, would be worth £50,000 today. Up 5x. Would they be worth £250,000 in another 5 years if they went up another 5x?

Should we have some property exposure to property to hedge against another property rise.

Not a tip or advice, UK:INL, a small/med cap builder. Might be worth a look if you take 60p as a base - max downside risk from here is just under 8%, with a 5 year outlook (or better at a round number 50p but with 23% downside risk).

Just to think we witnessed Barratt homes trade for 50p a share in 2008.

[Ash4781]

Should we have some property exposure to property to hedge against another property rise.

Not a tip or advice, UK:INL, a small/med cap builder. Might be worth a look if you take 60p as a base - max downside risk from here is just under 8%, with a 5 year outlook (or better at a round number 50p but with 23% downside risk).

Just to think we witnessed Barratt homes trade for 50p a share in 2008.

Well IMO it is the large supermarets that are important. They'll have massive land banks and supermarkets to demolish and mothball. Tesco and Sainsbury are both expanding in banking. Whether they move into housebuilding I am not sure. I imagine they would set up joint venture type operation with a builder.

Another scenario is it gets chaotic and one goes tits up causing firesale of assets. Clearly setting one up as a bank helps mitigate this as become strategically important.

This is not advice.

[iamnumerate]

So long as people continue to lower their expectations of how much shelter each £ buys then there is moreorless no limit e.g. if say middle class working families with two 40k earners can be persuaded to live in a studio flat then the price of such flats will rise to reflect the earning/borrowing power of such a families. IOW you can keep prices rising if you can keep lowering peoples expectations of how much space then need across the board but you also need to keep reducing transaction volumes since the number of potential buyers reduces as you go up the income scale.

That is definetly what is happening

[200p]

Well IMO it is the large supermarets that are important. They'll have massive land banks and supermarkets to demolish and mothball. Tesco and Sainsbury are both expanding in banking. Whether they move into housebuilding I am not sure. I imagine they would set up joint venture type operation with a builder.

Another scenario is it gets chaotic and one goes tits up causing firesale of assets. Clearly setting one up as a bank helps mitigate this as become strategically important.

This is not advice.

Will land be allowed to be sold at a firesale in the UK? I somehow put that at very long odds. Land backs the debt, that backs the banks.