Petition to stabilise house prices

Running_Horse

jjlandlord wrote: »

PS: Ah right, someone already mentioned that it was in fact all the immigrants' fault. Wasn't long.
Let me cry some more.

So you believe that one third of London's population being born abroad has no effect on house prices whatsoever?

http://www.independent.co.uk/news/uk/this-britain/the-world-city-one-in-three-londoners-was-born-overseas-424239.html

When you have stopped crying, please explain how this is so.

Bluebirdman_of_Alcathays

Yawn. Outside the South East there are more than enough houses. It's also greener, and the people are nicer too, in my opinion.

Ps. I read the "immigrant" comment as all migrants, including internally in this country, then it doesn't sound so BNP, but that may or may not be what Running Horse intended!

AdrianC

Running_Horse wrote: »

So you believe that one third of London's population being born abroad has no effect on house prices whatsoever?

Does a London resident born in, say, France somehow have more of an effect on housing prices than a London resident born in, say, Manchester? Would somebody born in, say, Pakistan or Somalia have another different effect?
How about a London resident born in, say, Edinburgh? Will they have a different effect on housing prices if the Scottish referendum goes "Yes"?
Because unless the answer to both of those is an unequivocal "Yes", international migration and nationality are irrelevant.

BTW, I was born in London, and live 200 miles away, so perhaps that cancels out one of those foreigners?

!!!!!!, London has been a melting pot of nationalities and cultures for _centuries_. If you've never visited 19, Princelet Street - do so.

DaftyDuck

Where the "immigrant" is born might have some effect. Might. Movement for jobs from, say, Newcastle to London removes one (usually reasonably wealthy) buyer from the pool up north, adds one to the crammed south, pushing prices up in London and down in Newcastle.

Overall, the wealth brought in by "all them immigrants" contributes far, far more to the tax revenues than it costs the taxpayer in benefits and the like, so let's not get all BNP. Not, for once, that I think anyone here has.

Oh, and I totally agree, Bluebird. Far friendlier and greener and cleaner in the north. Unfortunately, I've work in the south....

zappahey

AdrianC wrote: »

!!!!!!, London has been a melting pot of nationalities and cultures for _centuries_. If you've never visited 19, Princelet Street - do so.

Please stop bringing facts to the argument!

agrinnall

Green3 wrote: »

Please sign this petition if you have been priced out by the current scenario.

http://www.pricedout.org.uk/prices_petition

No.................I won't.

Running_Horse

AdrianC wrote: »

Does a London resident born in, say, France somehow have more of an effect on housing prices than a London resident born in, say, Manchester? Would somebody born in, say, Pakistan or Somalia have another different effect?
How about a London resident born in, say, Edinburgh? Will they have a different effect on housing prices if the Scottish referendum goes "Yes"?
Because unless the answer to both of those is an unequivocal "Yes", international migration and nationality are irrelevant.

BTW, I was born in London, and live 200 miles away, so perhaps that cancels out one of those foreigners?

!!!!!!, London has been a melting pot of nationalities and cultures for _centuries_. If you've never visited 19, Princelet Street - do so.

That's all fine.

But are you saying 2,000,000+ people arriving in London has had no effect on rents and house prices? Really?

How about foreign investors snapping up 70% of Central London new builds, often with no intention of ever living in them? Does that make no difference?

http://www.thisismoney.co.uk/money/mortgageshome/article-2394704/Foreign-investors-snap-70-new-build-homes-central-London.html

This is not about being pro or anti immigration, it is about the simple fact that millions of people moving to a country from abroad is going to affect house prices and rent levels. To suggest otherwise is dishonest and untrue.

Annie1960

TheCyclingProgrammer wrote: »

Estate agents might not set the eventual price a property sells at but they greatly influence it with ambitious asking prices and playing buyers against eachother using high pressure tactics like sealed bids and mass viewings.

What approach do you think they should use? They have an obligation to get the best price for their client (the vendor) and they will adjust their tactics according to market forces (supply and demand).

In my view, issues such as low interest rates and government help to buy are artificially inflating prices (by increasing demand without increasing supply). It would make a lot more sense to complain about this than about EAs (although I am no fan of EAs, they are just doing their job, the market is not within their control).

MobileSaver

Running_Horse wrote: »

But are you saying 2,000,000+ people arriving in London has had no effect on rents and house prices? Really?

It probably has a lesser effect than the 5,000,000+ Brits who live abroad has? I'm not sure what your point is?

googler

TheCyclingProgrammer wrote: »

Estate agents might not set the eventual price a property sells at but they greatly influence it with ambitious asking prices and playing buyers against eachother using high pressure tactics like sealed bids and mass viewings.

... which I'm sure you'll be thankful for when you're selling and want to get the best price for your sale .....

I'm sure the OP, when he comes to sell, will be happy to accept an offer of (say) £5,000 under his asking price, just to ensure consistency with his current views...