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Debate House Prices
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Bears In Despair part 2......
Comments
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hamish_mctavish wrote: »pretty sure there is a shortage of housing. Of the types people want to live in, in the places people want to live, and where the employment exists to support them.
There are 1 million empty homes, but 50% of those are empty for 6 months or less, due to probate, refurbisment, etc. Of the rest, most are derelict or just in the wrong place. A surplus of houses in the north of scotland, where they are cheap, helps nobody in london, where they are expensive.
And given that there are 250,000 households being formed per year, and only 80,000 houses being built, the shortages that do exist are getting worse, not better.
sources please...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
the_ash_and_the_oak wrote: »dunno, I live in london imo and I've never had trouble finding anywhere nice to live (still think rents would rise here if there was a shortage imo - according to supply and demand and all that)
Ok then.:rolleyes:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
kinda wondering if supply and demand of housing has an effect on rental prices in London (or whether supply and demand of houses only effects sale prices)Prefer girls to money0
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sources please...
Nationwide July house price report.
The head of the empty homes agency.
You can find the exact pages here.... https://www.google.com“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
the_ash_and_the_oak wrote: »kinda wondering if supply and demand of housing has an effect on rental prices in London
We've had this argument before.
Both rents and prices have risen in London for the last decade, but rents have not risen as much as prices because of the imbalance BTL has created.
In a balanced market, prices would not have risen as much, but rents would have risen far more.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Nationwide July house price report.
The head of the empty homes agency.
Links to figures please..only 780k of empty homes plus 1 million for sale on rightmove are the figures.
http://www.emptyhomes.com/It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
HAMISH_MCTAVISH wrote: »We've had this argument before.
You lost.
Not really tbh. Could you explain again - perhaps for the benefit of others that didn't see that - why the shortage of housing in London hasn't really led to rent rises over the last 5 or 6 yearsPrefer girls to money0 -
Links to figures please..only 780k of empty homes plus 1 million for sale on rightmove are the figures.
http://www.emptyhomes.com/
How do you know it's "plus"?
Can you confirm, with a linked source, that the 780,000 are not listed on rightmove? Or that the million listings on rightmove doesn't contain duplicate listings?
And more importantly, if I go to the effort of providing the linked sources, are you going to actually debate the issue or will you just disappear again....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I mean I guess its understandable if you don't want to have the argument again (particularly if you won) but could be interesting for some of the other guysthe_ash_and_the_oak wrote: »heres a listing from findaproperty in early 2002
http://web.archive.org/web/20020223112726/www.findaproperty.co.uk/cgi-bin/area.pl?areaid=0256&opt=prop&salerent=1&sp=1 (around 380-550pw for 3 beds. theres a 3 bed apt on leigh rd for 400pw)
and theres another 3 bed apt on the same road for the same price today!
http://www.propertyfinder.com/cgi-bin/rsearch?a=o&id=504960795&f=10&p=10&t=ren&ty=&fmt=&header=&cc=&searchUnderOffer=1®ionid=&tb=&c=29741320&tm=1249639331
(not necessarily the same one of course, or even comparable - tho it is a v short road)
http://details.vebra.com/property/10577/17905378 3 beds 425pw
http://details.vebra.com/property/10577/17012556 3 bed house 445pw
not saying theyre all the same but it shouldnt really be possible to even attempt this if rents were rising
quite enjoyed looking this stuff up!Prefer girls to money0 -
the debate about that starts here, might be better than reposting it all on this thread
http://forums.moneysavingexpert.com/showthread.html?t=1848743&page=5Prefer girls to money0
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