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| Lord Percy |
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Lord Percy
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 Posted: 14:48 - 08 Mar 2016  Post subject: Ratio of house price against earnings, past 20 years. |
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| Minty |
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Minty
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| Sun Wukong |
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Sun Wukong
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Posted: 17:06 - 08 Mar 2016  Post subject: |
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Hoorah for magical money shitting machines.
Wooooooooooo.
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"Hard times lead to hard people. Hard people lead to good times. Good times lead to weak people. Weak people lead to hard times." Smegballs
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| Rogerborg |
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Rogerborg
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| Posted: 18:00 - 08 Mar 2016 Post subject: |
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Supply, meet demand.
Oh god, demand, what are you doing to supply? Stop, dear merciful allah, stop! Oh, the cowmanity!
https://media.giphy.com/media/oJ3a572OzNV2U/giphy.gif
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| Sload |
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Sload
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| Posted: 19:15 - 08 Mar 2016 Post subject: |
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I love the way that film is themed 
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| Vracktal |
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Vracktal
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| Pigeon |
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Pigeon
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| Itchy |
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Itchy
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Posted: 19:45 - 08 Mar 2016  Post subject: |
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| Rogerborg wrote: | Supply, meet demand.Oh god, demand, what are you doing to supply? Stop, dear merciful allah, stop! Oh, the cowmanity! |
Not really, unless you mean credit?
https://cdn.bcf.44bytes.net/files/cqwqzqz.png
There is no real shortage.
All the shortages which exist in the UK are artificial. There is no shortage of land nor is there overcrowding.
Go on say there is a shortage with a straight face when in Kwun Tong currently has a population density of 53,000/km2. Or 旺角區 with 135,000 per sqkm Hong Kong has bog all land, it has minimum 40% deposit too. Go on say there is a shortage where the world's most efficient and best designed mass transit system can't cope almost all the time or where a big house is 250sqft with 6 people living in that space.
Citation:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/423173/LT_101.xls
| Quote: | The number of dwellings in the UK has increased by 45% since 1971 from 19.3million to 27.9million. The population of the UK has increased by 16% over the same period from 56million to 65 million. |
Immigrants? So you're telling me people who are working for wage arbitrage and therefore have no intention of settling here can afford £200K homes and mortgages?
It's a simple case of super loose credit which is expanding far faster than wages. Remember even on BCF there were others encouraging others to lie on mortgage applications. NINJA (no income, no job/asset loans).
Knock the credit on the head and allow clause 24 to destroy the leverage BTL has over people who want homes and there will be a correction.
Problem do this and your economy suddenly vanishes.
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| Lord Percy |
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Lord Percy
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| Ribenapigeon |
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Ribenapigeon
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| Kickstart |
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Kickstart
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| Lord Percy |
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Lord Percy
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Posted: 22:58 - 08 Mar 2016  Post subject: |
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| Polarbear |
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Polarbear
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| Sun Wukong |
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Sun Wukong
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| Posted: 05:04 - 09 Mar 2016 Post subject: |
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Hmm... it's not actually the worst thing.
Westerners would murder each other if they lived that close to each other... Robocop-esque block wars and stuff.
BUT, compared to poorly utilising the space in inner-city areas so spreading out further and further in to rural land... that's not great either.
If we could work out a way to live peacefully crowded in so tightly, it really does make a lot of sense. Especially in such a cold country where they provide insulation to each other (and the local area).
Polarbear... you and everyone else like it, but foreigners buy it. If we had "concrete shitholes", maybe common people might actually be able to buy some property and feel some semblance of security in their short 3 score and ten... 
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"Hard times lead to hard people. Hard people lead to good times. Good times lead to weak people. Weak people lead to hard times." Smegballs
"Oh and STE balloons would be one of the nicer things we would receive at the office, the amount of dog turd in jiffy bags is not funny." Jsmith86 |
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| Rogerborg |
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Rogerborg
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| Posted: 08:51 - 09 Mar 2016 Post subject: |
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No, Megacity 1 is not an aspirational goal. And it's not the solution either - housing prices have risen fastest in the area where population has grown the most.
| Itchy wrote: | | Quote: | The number of dwellings in the UK has increased by 45% since 1971 from 19.3million to 27.9million. The population of the UK has increased by 16% over the same period from 56million to 65 million. |
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That seems... spurious.
Yes, cheap money, but it's not like people will actively seek out expensive housing to buy. Even factoring in the rush to the South East, there's a pattern of prices rising nationally. Everywhere is more expensive for everyone.
That just shouldn't be possible if supply greatly outstripped demand over that period. It implies that there are many millions of homes sitting empty that aren't selling at any price.
I wonder if those figures take into account the number of essentially uninhabitable wrecked homes in sink estates, abandoned towerblocks, and dirty-protest council stock?
I'd be fairly certain that they don't take into account the multiple millions of undocumented illegals that the supermarkets say are out there based on the amount of toilet paper and toothbrushes that they're selling. Hello Vincent.
If I had to point at a problem, it would be that so much of new build housing is "starter homes", i.e. tiny and packed together. Spoiler: nobody wants to live in a rabbit hutch, even to "start" with.
Rabbit hutches don't lower the cost of entry, but rather they make larger, older houses much more desirable in comparison.
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| Rob Fzs |
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Rob Fzs
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| Posted: 09:49 - 09 Mar 2016 Post subject: |
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| Rob Fzs wrote: | Heh build on all that land used to cultivate crops, oh wait you can't because all the nimbys vote out pretty much every planning application? well that's that job fucked then |
The town I live is earmarked by the politicians in Surrey for growth. In the 30 years I've lived here, the town has increased 4 fold, swallowing up a lot of the villages.
They're building all over the place now and the brown envelope culture at the local council is out of control. A multi million pound deal has been awarded to a developer to build a load of fancy lakeside apartments with boat jetty's. The council approved the development, just before the developer offered a cushy little job to the chief of the local council. Guess what the role is?..... "Director of planning".
They are building on flood plains and building long before infrastructure is getting a chance to catch up. There is only one sewage plant which is struggling to cope with a town 4 times the size it was originally built for. This means areas bordering on the North/North East side, now stink of sewage on most days. Southern Water wont build a new plant as they're milking as much profit as they can out of a 4 fold customer increase from the same infrastructure.
The sewage works is on the NE edge of the town for a reason, along with all the other smelly industries, the perfume factory, Batchellor's etc. Because the usual South Westerly prevailing wind blows the smell pollution down the Stour Valley, away from the town to dissipate.
The latest idea from the brown envelope department is to develop the land directly North East of and in the path of the smelly industries escape route. It hasn't dawned on the council that this estate of almost 1,000 more houses will stink of sh1t all day long.
This is the problem. The government picks and area and builds it to death, leaving other areas completely undeveloped. The local council are lapping it up, with fees from developers, back handers and increases in council tax customers. Nobody is listening to the residents of the town. Any campaigns fall on deaf ears.
"Building Britain for a brighter future" my arse.
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| Polarbear |
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Polarbear
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| AngelGrinder |
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AngelGrinder
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| Lord Percy |
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Lord Percy
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| Im-a-Ridah |
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Im-a-Ridah
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| Posted: 10:32 - 09 Mar 2016 Post subject: |
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| AngelGrinder wrote: | Still, I think the crazy public transport costs aren't helping.
London is easily commutable from pretty far away, there's a lot of direct, fast trains that can reach london in an hour from 70-80 miles out....but £40+ a day is not sustainable for 99% of the population.
All the new houses are built with no parking, fine if you live in a large city with good transport...terrible for anyone else. Land is just so expensive now, I see 1 house get knocked down, and 4 crammed into the same space.
As has been said above, when the younger generation reaches old age, and 80% of them have no assets, no house...the state is really going to have fun paying for all the care! |
There will be no care and no pension. The government will gradually taper off all the state benefits after the baby boomers.
As for the pre-housing bubble generation it will be interesting to see what happens. Some might move abroad rather than pay the insane UK rates. Another possibility is that the market will soft crash when the investors realise that the only clients for their houses are going to be each other and that an ever increasing percentage of the population can't or won't afford to buy or rent. I expect more people like Jeremy Corbyn who appeals directly to those who screwed over by the current market, and that might lead to some dramatic changes in policy.
| Lord Percy wrote: | | Polarbear wrote: | Itchy, fuck off. I and everyone I know rather like our 'green and pleasant land'.
Keep your shithole high rise concrete sumps to your self. |
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High rises are what keep the land green and pleasant.
Stick 500+ people in a tower block in a city centre, or build 200 houses on the green belt. Which method leaves the suburbs and rural areas intact? |
Stick 500 investors in a tower block or... ?
https://www.telegraph.co.uk/finance/property/11734133/The-200-home-tower-block-that-sold-out-in-under-five-hours.html |
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| Lord Percy |
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Lord Percy
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| Rogerborg |
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Rogerborg
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| Posted: 11:09 - 09 Mar 2016 Post subject: |
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Oh, hang on.
Presumably that's median earnings per capita, not median earnings per houshold?
Segue into the Wimmins Rites thread - WOMEN, STAY IN YOUR HOMES.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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Old Thread Alert!
The last post was made 9 years, 144 days ago. Instead of replying here, would creating a new thread be more useful? |
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