Petition to stabilise house prices

gazter

londonlydia wrote: »

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.

Funnily, i find the complete opposite. I found London vile, repugnant and just downright uncivil. I can tell its the place to go and make your fortune, but it is not a pleasant place to live. Give me Cumbria a much the more peaceful slower life than london.

A place you can live like a king on far less than £50,000 a year.

londonlydia

May I make a suggestion this is moved to the 'Debate House Prices and the economy' board rather than here by the way? Seems to me it would be more suited to there...

AdrianC

topdaddy wrote: »

the above is fiction.

Thank you for your well-reasoned and argued critique of exactly which bits you disagree with. I'm certainly convinced by your flawless logic.

londonlydia

gazter wrote: »

Funnily, i find the complete opposite. I found London vile, repugnant and just downright uncivil. I can tell its the place to go and make your fortune, but it is not a pleasant place to live. Give me Cumbria a much the more peaceful slower life than london.

A place you can live like a king on far less than £50,000 a year.

Yeah see its personal opinion, and I can understand your feelings...it's just what you're used to. I feel totally relaxed in London, for me my favourite place is the Southbank watching life's curiosities pass me by. Whilst Non London peeps hate the fact that no one talks to you at bus stops, I hate the fact it's impossible to read a book without disturbance on a bus elsewhere. I like the fact I can go out and always get home despite of time (buses every 12mins even at 3am!). Oh and I love good jerk chicken and curried goat, which is pretty impossible to find outside of london

ladyabouttown

Forget buy to let... that's not the problem... if there were too many places to rent then landlords would need to lower rent to get people in... lower rent means not enough funds to cover mortgage and therefore less buy to let places...

Problem is you have people who buy but don't let... and too many people wanting too few houses that are for sale...

Put a massive tax on empty properties and derelict properties and empty wasteland... I live in London and I see so many houses that never have the lights on, so are clearly just holiday homes or investments. There are derelict properties/land all over London too...

ReadingTim

gazter wrote: »

[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”.
[FONT=Times New Roman, Times]King Canute.[/FONT]
[/FONT]

Where can I sign this Canute's petition?!?

topdaddy_2

AdrianC wrote: »

Thank you for your well-reasoned and argued critique of exactly which bits you disagree with. I'm certainly convinced by your flawless logic.

I diasagree with nothing. You misread what is wrote. Try again.

movilogo

Govt won't do anything until it hurts the MPs themselves!

Most of them are multiple home owners and doing brisk business with BTL. The tide will only turn when there will be more tenants than homeowners. Then they will be forced to make BTL less attractive. But that is years away and expect no improvement of housing market in near future.

jjlandlord

BTL is there because some people can't or won't buy, not the contrary.

Perhaps also worth remembering:
1. widespread home ownership is mostly a post WWII phenomenon. Before that the vast majority of the population could not afford to buy and were tenants.

The 'dream' we've been sold since is that everyone and anyone can buy a house 6 months into their first job.
That's just a fairy tale.

2. London has been an attractive city for centuries. In fact during the the 19th century it was the largest city on earth, attracting scores of immigrants from elsewhere in the UK and abroad, with terrible overcrowding. It was still much smaller than it is now.

The fact is, a dynamic place will attract people and be crowded and expensive (Just look at any city on earth).
Or you can be in a quiet place no-one wants to move to, but that probably means you'll have a hard time finding a job.

nobblyned

Green3 wrote: »

Current scenario is properties being highly overvalued by estate agents and banks lending easy money. Open houses every saturday, more than 30 viewers, sealed bids, and people paying thousands of pounds above asking price for an already overvalued property. Rogue estate agents who are to blame for inflating prices.

Otherwise known as demand