More Housing Shortage News...... One for the shortage deniers

Graham_Devon

[quote=[Deleted User];41549188]lol, that would be stupid! I suspect the number of people living in sheds isn't significant enough to make much of a difference on the market.

Builders would be building more homes if there were more people in a position to buy. The current deposit requirements and rates on offer is a big part of why there aren't more homes been built.

The sheds issue just shows how bad the situation is in a few isolated (hopefully) areas.[/QUOTE]

Builders are getting around the lack of lending, by various means, such as buy 85% with a 5% deposit.

The still cannot sell them with any ease though, because the price is too high.

People can blame deposit sizes as much as they want, but lower prices mean lower desposits.

Lower prices means lower multiple lending.

Lower prices means more people able to buy on normal wages.

I could keep going on and on. All Hamish and Co have got is "lenders require too big a desposit" and it semes ignorance is high up on the list when it comes to debating the subject. Hence why it just keeps getting said over and over again.

Builders won't build unless they can sell what they have already built. They can't. Not easily. Hence they don't build as much.

A baker doesn't keep baking more and more bread when he can't sell his current stock, so I don't see why bulls insist builders should build more, when they can't sell what they already have. And lets face it, thes epeople don't want any more houses built anyway, it's just their instant answer for literally any other angle that's applied to the discussion.

Interesting to note that there was a thread the other day askign for REASONS for beliefs. Hamish was no where to be seen, yet he can still be seen ignoring everything thats thrown at him and comign up with the same old mantra of "well build more then" regardless of reasons given to him. It's back to ignorance and another thread about "builders should build more".

AD9898_2

Shortage ?!, the shortage is of sellers who price realistically in a dire economic environment, the banks think this as well as they don't want to lend against a commodity that is overpriced.

Proof of this is give me a stupid sum of money (say 200k) and I could buy a house today in any postcode in the country. There is also the situation that there can't be a shortage of an item if the demand for that item is the lowest in history (approvals).

[Deleted User]

Graham_Devon wrote: »

Builders are getting around the lack of lending, by various means, such as buy 85% with a 5% deposit.

The still cannot sell them with any ease though, because the price is too high.

People can blame deposit sizes as much as they want, but lower prices mean lower desposits.

Lower prices means lower multiple lending.

Lower prices means more people able to buy on normal wages.

I could keep going on and on. All Hamish and Co have got is "lenders require too big a desposit" and it semes ignorance is high up on the list when it comes to debating the subject. Hence why it just keeps getting said over and over again.

Builders won't build unless they can sell what they have already built. They can't. Not easily. Hence they don't build as much.

A baker doesn't keep baking more and more bread when he can't sell his current stock, so I don't see why bulls insist builders should build more, when they can't sell what they already have. And lets face it, thes epeople don't want any more houses built anyway, it's just their instant answer for literally any other angle that's applied to the discussion.

Interesting to note that there was a thread the other day askign for REASONS for beliefs. Hamish was no where to be seen, yet he can still be seen ignoring everything thats thrown at him and comign up with the same old mantra of "well build more then" regardless of reasons given to him. It's back to ignorance and another thread about "builders should build more".

In many of your responses you seem to assume that a comment on one factor defines that persons position on all aspects of the market. It doesn't.

Of course if house prices fell more people would be in a position to buy.
But that requires people selling or building and being prepared to accept lower prices. Once there are many people in a position to buy it will push prices up.

At the moment builders don't want to build because it is not a good time to do so. Or do you think they do it out of charity?

Sellers don't want to sell. It's their long term home, they can let them if need be, its cheaper than renting, it's a long term investment that in any 25 year period has paid off.

I see myself as reasonably neutral on the market as to me if the prices are going up then I'm doing OK and so to (probably) is the economy. If they're going down I'm making more on the rents. If they're stagnating like now then inflation is destroying the value of the mortgages and will ultimately feed back into the prices.

I feel for anyone who bought the BS espoused by the ardent STR crowd. Someone posted a chart the other day showing there had been a ~£5K drop in average house prices from a high of ~168K. Given that the the average rent is ~£700 and this happened over a considerable time they have lost out massively in that period (and those preceding it) and are now looking at mortgages on less favourable terms if they want to get back into the market.

nearlynew

McTittish is confusing demand with desire again.


what a silly boy.

Graham_Devon

[quote=[Deleted User];41549854]
Sellers don't want to sell. It's their long term home[/QUOTE]

!!!!!!?

I can't argue with this kinda stuff.

[Deleted User]

Graham_Devon wrote: »

!!!!!!?

I can't argue with this kinda stuff.

Like your colourful language don't you Graham? Shame you only seem to use it as a way of scoffing at other posts rather than presenting an argument or points of discussion.

If you don't get it maybe I can explain it to you.

People need a reason to sell. At the moment there is no incentive for them to do so.

Aberdeenangarse

WOMEN_LOVE_MEN_WHO_OWN wrote: »

A shed is as good as a bedsit for the ghouls. Keep them in their rightful place.

Where's yours? Broadmoor :rotfl:

geneer

[quote=[Deleted User];41551906]
People need a reason to sell. At the moment there is no incentive for them to do so.[/QUOTE]

I'd suggest profit is rarely a reason to move.
Try again caller.

HAMISH_MCTAVISH

I'd suggest the people that need to move at any cost, versus those that just want to move if they can get the right price for their house, are a tiny percentage of potential sellers.

Try again caller.

[Deleted User]

No reply on here Graham? Or do I have to trawl all the other threads to find your replies like your last one?

Do you really think that the availability/affordability of loans isn't a factor in the housing market?

There are many others as well:
inflation
wages
job security
interest rates
population growth
family size

to name but a few.

Discussing one of them doesn't mean I don't recognise the others.