We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Government must do more on affordable housing
Comments
-
Graham_Devon wrote: »Quite annoying that the [STRIKE]whole "it's the lenders fault"[/STRIKE] truth is appearing in the media.
We did try to tell you....
"A lack of mortgage finance is the most important short-term issue and if buyers can't buy, builders can't build.
And given the number of media articles on this issue of late, not to mention the political attention it's now getting, you really shouldn't be surprised when something is actually done about it in time for the next election.;)“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 -
Graham_Devon wrote: »The Eastleigh by-election is actually being fought on stopping house building in the area.
Who's the one promising to fight against house building? You couldn't make it up. Grant Shapps.
He's only standing up for the wishes of the voters.
Even proposed brownfield developments in my own locality are usually crushed due to fierce, vocal and very well organised opposition. I'm afraid these are the sort that vote in greatest numbers. Also helps that the councillors are older homeowners too mindHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
HAMISH_MCTAVISH wrote: »We did try to tell you....
"A lack of mortgage finance is the most important short-term issue and if buyers can't buy, builders can't build.
And given the number of media articles on this issue of late, not to mention the political attention it's now getting, you really shouldn't be surprised when something is actually done about it in time for the next election.;)
More accurately, if builders hadn't competed with each other and speculated on land, they wouldn't be in quite so much negative equity on the land they hold, and they could therefore afford to build on it at a price which would sell.
As I say, theres more to it. Though you don't want to know.0 -
The fault lies with people not the Government.
If people don't want house built it's very difficult to build them. The Government is trying to do something about it by removing some of the appeals process but there's little they can do to go completely against what people want as they'll get voted out and the reforms reversed.
We have three large planning proposals close to where we live that individually are totally disproportionate to the size of the locality, need, jobs, infrastructure and road networks. (1400 homes for a rural town of 10000 inhabitants, ~350 homes already for sale) They are all on greenfield sites despite an couple of large brown field sites, which have been cleared , in need of development..
All three have been turned down by the local council.
All three are going to independent planning inspectorate appeal in an attempt to force them through. The comments and objections already made are not considered and they all have to be made afresh (if people want to) in triplicate by snail mail, direct to the inspectorate.
It will be interesting to see the outcome."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
HAMISH_MCTAVISH wrote: »We did try to tell you....
"A lack of mortgage finance is the most important short-term issue and if buyers can't buy, builders can't build.
And given the number of media articles on this issue of late, not to mention the political attention it's now getting, you really shouldn't be surprised when something is actually done about it in time for the next election.;)
Don't entirely agree. Even once the FTB mortgages taps re-open (probably state backed), housebuilding levels will still fall catastrophically short of requirements for a very, very long time.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
HAMISH_MCTAVISH wrote: »We did try to tell you....
"A lack of mortgage finance is the most important short-term issue and if buyers can't buy, builders can't build. ...
sorry, who's "we"? you & some housebuilders? forgive me for, well, a degree of skepticism.FACT.0 -
Graham_Devon wrote: »The Eastleigh by-election is actually being fought on stopping house building in the area.
Who's the one promising to fight against house building? You couldn't make it up. Grant Shapps.
That makes my point far more eloquently than I could ever hope to.0 -
Graham_Devon wrote: »More accurately, if builders hadn't competed with each other and speculated on land, they wouldn't be in quite so much negative equity on the land they hold, and they could therefore afford to build on it at a price which would sell.
As I say, theres more to it. Though you don't want to know.
As I've said before, it is the major building firms who got caught up in the HPI bubble believing that it would go on forever.
Time for an undeveloped land tax to make them either build or sell."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
15 years ago the builders managed to make good profits building houses and selling them at a quarter or third of what they want now. That would equate to land prices having risen around 10 times or more. Is this the case?
Land value is based on what a house will sell for less costs of construction.
Costs of construction are far more important as they are fixed. Raw material prices have increased and with red diesel at £1 a litre you can spend thousands just fuelling vehicles, a large earthmover will use 300-400 litres every day.0 -
Land value is based on what a house will sell for less costs of construction.
That is how it should work, but Coastline's graphs clearly show that land prices increased by far more than wages and construction costs. Much of this was speculation on the part of builders, who were banking land on the assumption that the bubble would just get bigger and bigger without bursting.
It is the unwillingness of these builders to crystalise losses on huge areas of land suitable for development which is holding back construction. This needs positive government action now."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards