Next Housing Boom here we come !!!!!!!

mustrum_ridcully

Gaaaahhhh!!! I've been blinded by the bleeding obvious!

Only a fool would argue that there won't be another boom.
Only a fool would argue that there won't be another bust.

Oh and the world in 2006 (on which these calculations are based) is VERY different to the world in 2008/9.

Dan:_4

tommy75 wrote: »

I'm sure I read somewhere that there were over 1 million homes empty at the moment and that supply and demand theory to make houses prices rise was made up?

yes but they are all !!!!!! holes where no one wants to live.

penguine

tommy75 wrote: »

I'm sure I read somewhere that there were over 1 million homes empty at the moment and that supply and demand theory to make houses prices rise was made up?

700,000 according to the Federation of Master Builders.

What housing shortage?

They can't all be in places no one wants to live.

macaque_2

dgl1001 wrote: »

Sorry - are you suggesting that the credit markets/ industry will never recover and that all wealth is going to disappear?

The wealth will not disappear because it was never there in the first place. The illusion of wealth was the product of unsustainable borrowing. The city of London generated hundreds of billions building up bad debt. As the BOE have said, the credit markets will never be the same again. The adjustment process has hardly started. As the smoke lifts from the catastrophy of Gordon's millenium bubble, Britain will emerge as a much sadder and poorer place.

adr0ck

dgl1001 wrote: »

25k private homes !!!!! is that it

yes

i think it will actually be less though

adr0ck

anyway guys by the time its 2030 it will be very close to London flooding on a regular basis

so the question is how many people live in London and therefore how much of a shortage will this equate to

according to Lovelock anyhow

by the way when this happens London house prices will collapse - its almost guaranteed

tommy75

Havn't people been emigrating in droves over the last few years? Also, arn't millions of Europeans that came to the UK to work/live jumping out of the sinking ship now the pound has fallen? No statistics here either, just what I've read sorry.

tommy75

Dan: wrote: »

yes but they are all !!!!!! holes where no one wants to live.

I don't know if their !!!! holes. It was just from reading that this supply and demand theory was made up and there wasn't any shortage of housing really.

1984ReturnsForReal_2

BenL wrote: »

2031!! We will have boomed and bust again by then (at least once).

Twice with at least one mini-bust..

b0rker

tommy75 wrote: »

Havn't people been emigrating in droves over the last few years? Also, arn't millions of Europeans that came to the UK to work/live jumping out of the sinking ship now the pound has fallen? No statistics here either, just what I've read sorry.

Only the Europeans who were here purely to send money home which is actually not that large a number from my experience. What with having an Eastern European girlfriend and therefore lots of Eastern European friends my experience of this is quite informed. You forget that lots of Eastern Europeans have moved to the the UK because of the standard of living we provide. Who wants to live in an ex-communist country that still works as if it were communist?

I know of many Polish people who will be looking to buy where I live once the market shows some decent levelling off, if not sooner...