The 50 year bubble

Really2

Is it all about thanks?

There you go I just gave you one.

chopperharris

What is forgotten in the figures and sizes given is that home ownership for the masses is actually a relatively new thing.

A small percentage would have actually owned property , and those would have been the "better" classes and upper middle ones....not the working classes of today but the professionals.Gone are those lifelong jobs they once had now.

The houses quoted like victorian and georgian would never have been affordable by the masses.They were never made for the working class.

The majority lived , died and were born in single rooms until the expansion of council property just after the war.The demise of the back to back terracing and slumlands were fuelled by bulldozing to build council properties.....and even then gardens were small and few.The developers of today are the offspring of the contractors of council expansion workforce deficit where the councils never had enough in their own employ to make all the targets of building....and eventually council workforces able to build homes dissapeared.

To eleviate the build up of population new towns were created , nearly all property was council owned with the exception of contract sweeteners to the builders to devolop some of their own.

Then came along the RTB scheme which removed these properties built for better lifes , not for making money for the councils , but in reducing the housing stock and inflating the start of the bubble through lack of rentable housing....The term social housing IMO has been created to attach a stigma to living in council properties and create even more demand.

The money made from selling the rtb properties was never given to the councils themselves to create more council property....why do you think that is?It was to reduce the stock of council properties even more so that the only level at the bottom of the chain is to actually own not rent.

Then we have ghost towns , where whole areas , several hectares of council schemes are bulldozed and yet never replaced in big towns and cities.In most of these cases there is reduced demand for council housing because the population dies off through no mass employers.Think shipyard and mining towns , areas now where drug , drink and food abuse is rife as is living off benefits because there is simply no employment other than mcjobs ..... and whom can afford cooking burgers as an income after the age of 20?

Perhaps we have been duped into buying homes?just what is so wrong about council renting other than when its cheaper to buy for the so few?But for most people its not cheaper to buy , theres the upkeep and modernisation that comes from renting from councils , rent rebates etc.....and when those that buy from RTB dont upkeep their property it cant devalue yours.

Kenny4315

Ivor Bigun phnar phnar..... built 1883 square feet 3888, but it does have a small garden. They don't make 'em like they used to. It's a BAR STEWARD to heat though.

sabretoothtigger

Lloyds TSB Insurance reveals that there will be nearly 2 million more single households in the UK by the end of the next decade as more under-35s decide to live alone & properties become more affordable

Lloyds TSB Insurance