House prices soar by 13K....FRONT PAGE

ruggedtoast

Sibley wrote: »

I fail to see what me reporting house price rises has to do with my GF.

She isn't a ladyboy either. If I was with one I would say. Let's be honest. Both Thai choices would be more attractive than who you live with.

That's a fact you can't argue with.

Sure, I pay mine a monthly salary but so will you if you ever get married.

I wouldn't swop places with you. That I promise :beer:

Does she get annual leave and a pension plan?

kwmlondon

Property? Just balloon-shaped rubble. Bit-coins? S**t-coins more like. Gold? That's OLD! I've invested all my money in the meaty goodness that is SPAM! And you can report that as Spam, if you like. It's pure Spam!

cells

Conrad wrote: »

Will make almost no difference, just acts as another pull factor.

The roads are choc a bloc in the SE, another 13 million added to the population is going to make some aspects of life hellish, property demand being one of them.

Immigration will far outstrip emigration - the pro migrant lobby always claim it will even out.

Why not look for real world examples rather than guess?

France has had very similar population increases and also has big immigration

She however builds 350-400k homes a year vs our sub 150k a year

Has it made no difference in France?

It has made a big difference. For a start their homea are on average larger and both theor rebts and prices are lower

cells

Conrad wrote: »

Do you have a source for this?

I would have thought a higher percentage own more than one place. Fairly normal here n(my area) for people to let to buy - are they even captured in official stats? Also plenty of people we know have a holiday cottage in Dorset or Suffolk.

Nearly every Asian, Greek, Turk or African client of mine owns more than one property - it's just what they do, they don't have this pension thing the way indigenous Brits do.

The ONS releases figures of the number of homes privately owned public owned and owner occupied

Currently it is...to the closest 5% (ONS figure is exact I jist recall it to the closes 5%)


27.5 million homes in the uk

65% owner occupied
20% social occupied
15% privately rented

So about 15% of the housing stock or some 4.5 million homes are BTL

That doesn't mean 4.5 million individuals own a BTL as lots of LLs will have more than 1 with some LLs having hundreds.

This of course varies a lot by location.
London is now over 25% or nearly 900.000 homes privately rented BTL

While some snall town up north might only be 5% of the local stock

Overall its only less than about 3% of households (ie less than 1 million households) that own > 1 property

THE_MASKED_TURNIP

dryhat wrote: »

Chicken feed when compared to Bitcoin.

Reported for spamming.

MFW_ASAP

cells wrote: »

Why do we cheer house prices going up 10% and not cheer gas proces going up 10% ?

Because we don't own the gas companies?

I dare say those with well insulated houses and shares in the utility companies are cheering on the price rises.

cells

THE_MASKED_TURNIP wrote: »

Hear here. They set up a website looking for a war against the home owning hard working class and we handed it back to them on a plate.

They were not looking for a war and you haven't handed anything to anyone all of you are just spectators of government policy

And once more unless yiu own more than 1 home hpi is not positive for you and 97% of the people don't down nore than 1

So HPI is not for 'hard working homeowners' it is for hard working BTLers

cells

MFW_ASAP wrote: »

Because we don't own the gas companies?

I dare say those with well insulated houses and shares in the utility companies are cheering on the price rises.

But only 3% own more property than they need 97% of people own fewer or no more than they need

Only about 3% truly benefit and they are the ones who have a handful of BTLs all the way upto thousands of BTLs

MFW_ASAP

cells wrote: »

But only 3% own more property than they need 97% of people own fewer or no more than they need

Only about 3% truly benefit and they are the ones who have a handful of BTLs all the way upto thousands of BTLs

Sorry, I don't understand your post.

blinko

BTL investing is good for the property market as it creates volatility!