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

Councillors Wants More Affordable Homes

Recommended Posts

I just listened in awe of local councillors who prattled on about building more and more affordable housing (not disputing the need by the way) but it was the way that they reckoned that they honestly thought it was possible to buck the market place. So I asked them to define an affordable house what multiples of earnings would they price it at, They had no idea. How would they keep it affordable, i.e. what if some one bought a rabbit hutch and then extended it for example, what were they doing about providing more housing for pensioners as I pointed out, once the backside falls out of the house market this will still be one of the growth sectors of society and probably with insufficient pension incomes and a need to trade down (thus freeing up bigger family sized homes etc)

Totally blank stare follows nope what we need is affordable housing andf lots more of it, no mention of how freakishly low interest rates have caused the housing price boom and as far as they are concerned HPI is only going to get worse. I was told quite catigorically that next year houses will cost tens of thousands of pounds more than this year and all about youngsters not getting on the bottom wrung etc, etc.

Talk about just saying what people want to here without actually understanding the problem and by the way I am not against building houses locally I am very much in favour but I came away totally amazed at how poor local authorities understanding of housing economics and of market dynamics.

Mentioning that the backside might fall out of the housing market by the way was almost viewed as sacrilige, no wonder the sheeple end up in such a mess if they hang on the advice of these elected members and officials.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

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.