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http://news.files.bbci.co.uk/include/newsspec/pdfs/bbc-briefing-housing-newsspec-26534.pdf

The UK is experiencing what many describe as a housing crisis. Millions of households are living in sub-standard or overcrowded conditions. Many are on local council waiting lists. Some individuals are sleeping rough. House prices and rentals are becoming unaffordable for many. Today’s young are living at home for longer, and some are struggling to buy a home. At the same time, we are building fewer homes than in many periods in the past. What can be done to resolve Britain’s housing crisis? BBC Briefing assesses the evidence and the options.

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Fierce competitive bidding for housing both to rent and buy...loose lending...rents and prices increasing...wealth transferring into the hands of established wealthy owners of land and property...Mission accomplished.

 

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Acknowledging the housing crisis whilst still continuing to show HUTH 5 mornings a a week... a programme which I believe has done more than any other when it comes to financializing housing, encouraging leveraged BTL and pushing up prices of typical FTBer homes.

Edited by nome
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Thanks for sharing, some good graphs in there:

image.png.59a5a75a034f1efc014d8a3126f9daab.png

So it's not just a London problem, homeownership for 25-34 year olds has fallen by about 20 percentage points everywhere in the UK. Seems to be below 50% in all regions.

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2 million outstanding BTL mortgages and still no decline to be seen. Plus all the second-steppers who forgot to tell the bank when they started renting out their first purchase:

image.png.2b3a5c02e456760775b831554c21474b.png

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1 hour ago, Dorkins said:

2 million outstanding BTL mortgages and still no decline to be seen. Plus all the second-steppers who forgot to tell the bank when they started renting out their first purchase:

image.png.2b3a5c02e456760775b831554c21474b.png

Slow handclap for all the Tory-voting twits on HPC.

tumblr_mgdtu6dVxJ1qg8c5yo1_500.png&f=1&n

 

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10 hours ago, rantnrave said:

BBC told to do more to appeal to a younger generation... so it finally acknowledges the UK's housing crisis

Definite change in tone with the BBC, yet another article! Think you nailed it rantnrave.

https://www.bbc.co.uk/news/av/business-51588962/rising-number-of-middle-aged-people-still-renting-homes

But yet still not tackling the nub of the issue, typical beeb.

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On 24/02/2020 at 17:34, Dorkins said:

2 million outstanding BTL mortgages and still no decline to be seen. Plus all the second-steppers who forgot to tell the bank when they started renting out their first purchase:

image.png.2b3a5c02e456760775b831554c21474b.png

Why would anyone in their right mind take out a BTL mortgage after the Tories tax changes?  Are they like the Generals who fight the last war - i.e. still invest as if it were 1997 still?

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7 hours ago, iamnumerate said:

Why would anyone in their right mind take out a BTL mortgage after the Tories tax changes?  Are they like the Generals who fight the last war - i.e. still invest as if it were 1997 still?

The majority of the adult population are functionally innumerate and incapable of doing even the most basic factual research.

Edited by Dorkins
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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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