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Debate House Prices
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Abandoned hope for all ye FTBs
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When my parents did it, they found where they wanted to live, and started asking people with big gardens if they would sell some land. It took a bit of work, but they had 4 or 5 plots to choose from. This was in a built-up part of a city.Where exactly are you going to build one? This is house builbing in the UK since 1953.
The figure for the current year is 133,000 - lower than in the 80s and 90s crashes.
So why have so few houses been built when we have a growing population? It's, of course, due to the green belt. For example, London is surrounded by its orginal green belt created in the1930s. This caps London's population at 6 million....instead of 16 or 23 or higher. The Green Belt in the UK's cities make property scarce relative to the number who want to live there and therefore high prices come from this scarcity value.....
The idea that you think you can just "build a house" intrigues me.
It more difficult than buying a house, but infinitely preferable and a lot cheaper. Certainly, it is at the moment.
You mention that the population is increasing; the idea that you can't build a house is surely more ridiculous than the idea that you can?!0
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