Housing Shortage? You ain't seen nothing yet...

HAMISH_MCTAVISH

Developers share investor’s vulnerability to property prices, estate agents’ reliance on sales volume and homebuyers’ need for credit.

They’re exposed to all of these, plus the vagaries of government policy, which is slow to change, but easily talked into different shapes, as successive administrations tussle with how to give us what we need while making it look like what we want. (At the moment, we need more houses. What we want is for them to be somewhere else.)

David Orr – chief executive of the National Housing Federation, which represents 1,200 housing associations and pressures the Government for more affordable housing – began the week by summing up the situation in a letter to the new administration, that painted a picture of dashed targets and new planning policy combining to all-but-halt new house-building in its tracks.

The building of affordable homes could – he suggested – fall by 65% this year, as regional housing targets, the density directive and deals rewarding private developers with planning permission in exchange for some social housing (which provides around 40% of affordable homes) are all scrapped and the curb on “garden-grabbing” makes infill much harder. Scrapping incentive deals for private developers could cost 19,000 affordable homes this year alone. Funding cuts of £100m will see off a further 1,453.

The last government talked of a need for at least 250,000 homes a year between now and 2020 to avoid a housing emergency.

Orr suggested the effect of the combined funding cuts and planning changes could reduce total house-building to below the 100,000 mark for the first time in 100 years.

http://citywire.co.uk/money/housing-shortage-you-aint-seen-nothing-yet/a407299?ref=citywire-money-latest-news-list

10% rises in a year, right after the biggest crash in history.....

As the shortage worsens, be prepared to be amazed at how fast and how high prices will get.

leveller2911

You really need to get out more Hamish and perhaps even counselling...You really have issues and probably a compulsive disorder......

DaddyBear

No matter how severe the housing shortage with wage freezes and public sector job cuts, prices will not rocket. It's stagnation or Mild YOY rises.

PasturesNew

There's no housing shortage. There's an over-abundance of property.... almost whole roads where I live are empty.

No shortage of property .... but people can't afford to buy it at the prices they want.

2-bed flats at £250k in an area that's recognised as being one of the poorest in Europe .... run out of Londoners to buy them.

Where I live, a lot of people live in illegally converted garages and sheds in gardens.... just need to pop to B&Q and voila - home!

HAMISH_MCTAVISH

leveller2911 wrote: »

You really need to get out more Hamish and perhaps even counselling...You really have issues and probably a compulsive disorder......

Ad hominem abusive

Ad hominem abusive usually involves insulting or belittling one's opponent, but can also involve pointing out factual but ostensible character flaws or actions which are irrelevant to the opponent's argument.

This tactic is logically fallacious because insults and even true negative facts about the opponent's personal character have nothing to do with the logical merits of the opponent's arguments or assertions.

DaddyBear

HAMISH_MCTAVISH wrote: »

Ad hominem abusive

Ad hominem abusive usually involves insulting or belittling one's opponent, but can also involve pointing out factual but ostensible character flaws or actions which are irrelevant to the opponent's argument.

This tactic is logically fallacious because insults and even true negative facts about the opponent's personal character have nothing to do with the logical merits of the opponent's arguments or assertions.

So up your own @rse.

chewmylegoff

HAMISH_MCTAVISH wrote: »

http://citywire.co.uk/money/housing-shortage-you-aint-seen-nothing-yet/a407299?ref=citywire-money-latest-news-list

10% rises in a year, right after the biggest crash in history.....

As the shortage worsens, be prepared to be amazed at how fast and how high prices will get.

i like citywire - the readers' comments are always guaranteed to be completely insane. "emily" is my favourite, i think she must live in a makeshift corrugated iron shack in a shanty town with 10 million others just on the outskirts of swindon.

drc

chewmylegoff wrote: »

i like citywire - the readers' comments are always guaranteed to be completely insane. "emily" is my favourite, i think she must live in a makeshift corrugated iron shack in a shanty town with 10 million others just on the outskirts of swindon.

I actually thought she made a lot of sense. What is so insane about wanting to limit the population growth of an already crowded small island?

chewmylegoff

drc wrote: »

I actually thought she made a lot of sense. What is so insane about wanting to limit the population growth of an already crowded small island?

there isn't anything extreme about that, but when you start frothing and chucking about phrases like "more overcrowded than the third world" you start to lose a wee bit of credibility.

brit1234

HAMISH_MCTAVISH wrote: »

As the shortage worsens, be prepared to be amazed at how fast and how high prices will get.

Yeah right. :rotfl:

Why should tax payer money go to support builders selling properties well above value.

If the housing federation want more money for homes then they should build better quality, larger and more importantly cheaper.

It is these socalled affordable schemes that have added to house price inflation in recent months. Without them house prices would fall quicker.