Jump to content
House Price Crash Forum
Sign in to follow this  
frederico

Housing Market Disfunctional

Recommended Posts

http://www.bbc.co.uk/news/business-34138179

The UK housing market is "dysfunctional" and building more homes will fail to solve the problem on its own, a key industry figure has said.

Bob Pannell, chief economist of the Council of Mortgage Lenders (CML), said that activity in the market was "sluggish".

Yeah and...

that's exactly what I said on twitter 2 days ago.

build all the houses you like but while this insane speculation and government support is allowed you'll always get the spivs trying to fleece people.

ban buy to let mortgages.

stop using our own money to make up pay more for housing.

nothing will be done of course, collapse will be the only thing that stops this mania.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

buildng houses will not solve anything.

Building huge amounts of social housing for uk people, economic migrants and then refugees.. 4million homes n the next year might help.

Share this post


Link to post
Share on other sites

that's exactly what I said on twitter 2 days ago.

build all the houses you like but while this insane speculation and government support is allowed you'll always get the spivs trying to fleece people.

ban buy to let mortgages.

stop using our own money to make up pay more for housing.

nothing will be done of course, collapse will be the only thing that stops this mania.

And -- more specifically...

BAN LIAR LOANS :wacko::rolleyes:

Share this post


Link to post
Share on other sites

As the op 'yeah and..'. Dysfunctional depends on the definition of 'normal' the CML uses. FT has posted updated sa mortgage approvals for house puchase. It's 2015 and we're still no where near back to presumably pre-2007/8 which I presume is what the CML refers to as 'normal' .It's probably better to talk about pre 2007/8 and post 2007/8 credit crunch. Eg. this is the new normal?

http://www.housepricecrash.co.uk/forum/index.php?/topic/204354-sundry-statistics-releases/page-13#entry1102783475

Share this post


Link to post
Share on other sites

If only, collapse is something I don't envisage ever happening now. They'd rob every penny first before then.

An oxymoron - so you suggest there's a river of lemonade unconditionally flowing, a statist's dream. Robbing ad infinitum. The reality is all this has come a long way - you are much, much closer to the end of this path than beginning as your post seems to suggest.

Share this post


Link to post
Share on other sites

From gov.uk


Brandon Lewis was appointed Minister of State for Housing and Planning at the Department for Communities and Local Government on 15 July 2014. He was elected Conservative MP for Great Yarmouth in 2010.

The Housing Minister used to be head of a separate Housing Ministry Department (Ministry of Housing and Local Government). That put the Minister in a strong position to negotiate budget and policy on housing.

It's difficult to believe they give the issue priority when it has to compete with other stuff like "Communities" and "Local Government". Housing isn't even in the name of the department.

Edited by billybong

Share this post


Link to post
Share on other sites

Nah, the CML are just exaggerating. They're just jealous that they can't get their own mortgage / want to laugh at other people's misfortune / spend too much on iPads/holidays/whatever.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   35 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.