|
By:
ukip?
|
|
By:
tip top is spot on , lives of many young people are being made a misery of and this country is effing full up.
|
|
By:
House prices are a function of demand and supply.
The country needs 120,000 new houses a year for the population coming through. This figure was never reached even in the boom times and last year just 30,000 were built. Our planning laws are restrictive and the banks are not financing house building. So prices are not going to come down any time soon-if you cannot resort to the bank of dad you are struggling I'm afraid. |
|
By:
So NR, if that was the case re 120,000 rise in population and only 30,000 new homes built my question would be-
-Given the birth rate and the death rate in the UK almost cancel each out ie their rates are very similar, the increase in population must be from immigration? -Given this figure how many immigrants can afford to service a mortgage? -Given there is over 23,000,000 homes in the UK (with some 500,000 vacant - latest census figures) what effect does say a shortage of 40,000 homes or .17 of 1% (!) make therfor in house prices? quick answer - very little So what drives house prices? - 1.Debt fueled speculation 2. Inflation 3. Governements liking for house price appreciation |
|
By:
More divorces, people living longer,immigration are all leading to an increased demand.
23 million houses not much for a 70million population which is where we are headed. This country is not Spain or Ireland where stock now exceeds demand. Unless we have net outward migration we have a problem for years to come. There will be plenty buying property to rent in the knowledge that people have to live somewhere. So- no house price collapse. |
|
By:
When the renters are all funded by social security are'nt we picking up our own housing bills.
|