Petition to stabilise house prices

AdrianC

Running_Horse wrote: »

That's all fine.

I'll take that as a "Mmm, you're right", shall I?

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

I'm saying that their nationality, place of birth, and migration status is irrelevant. Two million people are two million people, whether they were born in London, Kent, Manchester, Edinburgh, Paris or Kabul.

Oh, and if you're saying that 2,000,000 MORE people are in London, rather than merely commenting on the place of birth of 2m of the current residents, then you might like to know that the population of Greater London is currently only about 2m higher than it was in the 1891 census, and lower than it was in the 1931 census.
http://data.london.gov.uk/datastore/package/historic-census-population

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

Oh, look, a Daily Mail link being introduced to support a migration rant. What a surprise. Can you explain the relevance of the Battersea power station development, explicitly mentioned in that article? STUDIO apartments in that development are £800k. This is not even _remotely_ relevant to those struggling to get on the first rung of the housing ladder. For that money, you could have a choice of really, really nice and spacious 3 and 4 bedroom houses in some of the very nicest parts of London commuterland suburbia, with a short walk to a Tube station and greenbelt woodland.

B'sides, if a property is available to lt, does it matter if the landlord is foreign-based or UK-based? If you're having a BtL rant, then have it. But don't get that confused with inward investment, which is generally held to be a good thing for the economy.

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

It's _entirely_ about being pro or anti-migration, because you're introducing it as an issue when it's a complete irrelevance.

AdrianC

MobileSaver wrote: »

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

Well, his point isn't about migration. Oh, no. Definitely not. There wouldn't be any problem with migration, if it wasn't for the fact that it's foreigners doing it.
Sarf of the river, at this time of night, guv'nor? And what about them Spurs, eh?

londonlydia

Having grown up in London, the only London I recognise is a multi cultural one thank goodness, and I wouldn't change that, it's what makes the city interesting! And if anything I'd agree there's a bigger influence from other people in the country coming to the capital for work than anything. But London is also a place that has strong communities that have been living there for years and who know each other, you just have to know where. Personally I find many areas of SE London an example of this, as non- Londoners tend not to think of moving there.

00ec25

AdrianC wrote: »

It's _entirely_ about being pro or anti-migration, because you're introducing it as an issue when it's a complete irrelevance.

cultural stereotype underpins the "immigration issue", but is not the same as ethnicity

if your upbringing leads you to aspire towards home ownership rather than renting then you add pressure to upward prices because, as commented earlier, the only real factor at play here is supply and demand

if your upbringing leads you to regard renting as "the norm" (eg stereotypically, some "European" nationals) then you are driving price inflation in a different part of the market

a "petition" is just a demonstration of your ignorance of how the world works and therefore a waste of everyone's resources (apart from those selling software to run them and the lobbyists being paid to present them!)

norsefox

The obsession with London is as internal as it is external. As a previous poster stated, London's population hasn't changed an awful lot in 80 years.

London and the South East struggle because they are over populated (due to government policy - NOT immigrants) and where housing is under supplied.

As others have said, there's lots of perfectly lovely places to live elsewhere in the UK. I for one wouldn't live within a hundred miles of London, not in any circumstance!

AdrianC

00ec25 wrote: »

cultural stereotypes underpin the "immigration" element but is not the same as ethnicity

if your upbringing leads you to aspire towards home ownership rather than renting then you add pressure to upward prices because, as commented earlier, the only real factor at play here is supply and demand

if your upbringing leads you to regard renting as "the norm" (eg stereotypically, some "European" nationals) then you are driving price inflation in a different part of the market

Transience also plays a part, of course, regardless of any cultural factors.

But the mechanisms between rentals and purchase prices are interlinked, of course - if the yield from rent is too low, people won't rent the properties - they'll sell them, and invest elsewhere. If the yields rise, more people will BtL.

norsefox wrote: »

The obsession with London is as internal as it is external.

Very true.

London and the South East struggle because they are over populated (due to government policy...

Government policy doesn't bring employers to London - the fact that it's the economic heart of the country does, and that it's very easy to attract a choice of high quality staff - and, of course, the reverse applies. Those staff go to London, because it's where all the jobs are. If anything, gov't policy is trying to spread more evenly across the country.

topdaddy_2

Signed the petion and surprised this hasnt been fixed by now.






the above is fiction.

00ec25

AdrianC wrote: »

Transience also plays a part, of course, regardless of any cultural factors.

But the mechanisms between rentals and purchase prices are interlinked, of course - if the yield from rent is too low, people won't rent the properties - they'll sell them, and invest elsewhere. If the yields rise, more people will BtL.

as I said the only real factor at play is supply and demand.... there are many influencers of supply and of demand

londonlydia

norsefox wrote: »

As others have said, there's lots of perfectly lovely places to live elsewhere in the UK. I for one wouldn't live within a hundred miles of London, not in any circumstance!

However, if you love London and the SE culture there's not an alternative. I went to uni for 5 years in Durham, and whilst it was a pretty part of the world I couldn't stand to live there long term. Again, I've spent time with work around Manchester and know the West Midlands well too through family...again for me lovely to visit but I couldn't live there.

But, there ARE options in the London and SE, you just have to start off in the non-fashionable areas, and work your way up. For the example of Chelmsford (where I work) you could live in billericay, Basildon, or towards Colchester and commute. Much more affordable, and it's what my colleagues have done.

gazter

Green3 wrote: »

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

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

[FONT=Times New Roman, Times]“You are part of my dominion, and the ground that I am seated upon is mine, nor has anyone disobeyed my orders with impunity. Therefore, I order you not to rise onto my land, nor to wet the clothes or body of your Lord”.
King Canute.
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