London new builds number?

CLAPTON

TickersPlaysPop wrote: »

Housing in London is now a commodity to purely buy and sell like any other commodity.... Not to use! There have been reports that some exclusive flats will never be lived in... just kept while the market continues to increase and then sold for profit. It is also away for the rich to establish an address in London, or even obtain visa or citizenship.

So, a lot of the bubble is about non UK people being allowed to buy residential homes for their own selfish purposes. Our government should stamp down on this very socially devisive activity.

Houses for homes NOT profit.

totally idiotic


total insult to ordinary Londoners


the vast majority of properties in London are homes for real people and families

TickersPlaysPop

Ok Clapton

If you agree this country should allow non UK residents to help inflate our housing market, make profit from it, resulting in the increase in property values to ripple out towards the Home Counties..... A question for you... So you put your money where your mouth is....

What percentage is where you would agree that is not acceptable and what amount of money relative to avg London house price? Surely you agree that it cannot be allow to increase uncontrolled?

Do you seriously want the UK housing market to be part of the global economy where our homes and ultimately old age social security are put at risk?

This is social control, where we are heading to a time where the avg citizen is a renter for life, doomed to work until they die to pay that rent, while the March of buy to letters literally suck the life out of them in between sipping champagne. I know if you have money you need to look after it and keep it growing and working for you, but PLEASE let's force our government to disincentive this way of life.

In_For_A_Penny_2

TickersPlaysPop wrote: »

Housing in London is now a commodity to purely buy and sell like any other commodity.... Not to use! There have been reports that some exclusive flats will never be lived in... just kept while the market continues to increase and then sold for profit. It is also away for the rich to establish an address in London, or even obtain visa or citizenship.

So, a lot of the bubble is about non UK people being allowed to buy residential homes for their own selfish purposes. Our government should stamp down on this very socially devisive activity.

Houses for homes NOT profit.

These xenophobic comments feature quite frequently on these pages but I've never seen any figures to back up such assertions. What proportion of houses in London are bought by "foreigners"?

TickersPlaysPop

In_For_A_Penny wrote: »

These xenophobic comments feature quite frequently on these pages but I've never seen any figures to back up such assertions. What proportion of houses in London are bought by "foreigners"?

Lets see if you can disprove your bluff....

Question....

What percentage are you suggesting it is acceptable? And how would you calculate this? I'd like to see your mathematical reasoning and argument.

The figures have been discussed here in the recent past, I was part of that discussion. In my opinion, the figures were not acceptable, and the UK needs to disincentivise this by taxing at point of purchase using the land registry or some other dept that cannot be avoided.

System

What were those figures again?

Generali

TickersPlaysPop wrote: »

Lets see if you can disprove your bluff....

Question....

What percentage are you suggesting it is acceptable? And how would you calculate this? I'd like to see your mathematical reasoning and argument.

The figures have been discussed here in the recent past, I was part of that discussion. In my opinion, the figures were not acceptable, and the UK needs to disincentivise this by taxing at point of purchase using the land registry or some other dept that cannot be avoided.

So what's the number then?

TickersPlaysPop

In_For_A_Penny wrote: »

These xenophobic comments feature quite frequently on these pages but I've never seen any figures to back up such assertions. What proportion of houses in London are bought by "foreigners"?

Please do not suggest the comment is xenophobic.... "an irrational fear of all things foreign or strange"... Really?!

Can you please explain how my comment is xenophobic?

I am very well travelled, love diversity, different languages and cultures, I work in a multi nation team that is a UK uni spin out company.

However, I do not agree with homes being purchased because it is a way to simply make money because they are a limited resource on the global market.

We need to build mre homes
We need to stop excessive non UK purchasers
We need to increase buy to live in, not buy to let

If you are non UK resident why do you need to buy residencies here?

michaels

Love this thread London is over built is the first premise, people will never be able to buy because there are not enough homes is the second

Iphones are a scarce resource, British people have much more of them than is fair on a global scale. They must do something to stop this.

MobileSaver

Joeskeppi wrote: »

What were those figures again?

Generali wrote: »

So what's the number then?

TickersPlaysPop wrote: »

However, I do not agree with homes being purchased because it is a way to simply make money because they are a limited resource on the global market.

Why is it that time and time again the anti-HPI crowd are either unwilling or unable to produce verifiable figures to back up their assertions?

CLAPTON

TickersPlaysPop wrote: »

Ok Clapton

If you agree this country should allow non UK residents to help inflate our housing market, make profit from it, resulting in the increase in property values to ripple out towards the Home Counties..... A question for you... So you put your money where your mouth is....

What percentage is where you would agree that is not acceptable and what amount of money relative to avg London house price? Surely you agree that it cannot be allow to increase uncontrolled?

Do you seriously want the UK housing market to be part of the global economy where our homes and ultimately old age social security are put at risk?

This is social control, where we are heading to a time where the avg citizen is a renter for life, doomed to work until they die to pay that rent, while the March of buy to letters literally suck the life out of them in between sipping champagne. I know if you have money you need to look after it and keep it growing and working for you, but PLEASE let's force our government to disincentive this way of life.

The Uk has a higher proportion of owner occupation that the following general acknowledged very poor EU countries : Germany, Austria, Netherlands, Denmark, France, Poland, Sweden


I've no idea of what proportion of London housing is owned by foreigners but neither have you.
I've no idea whether foreign owned house are more or less likely to be occupied that UK owned properties and neither have you.
Although I agree with you that we have too many Housing Association and Council owned properties, I don't share your view that a rented house is evil and in some way wasted.
In fact it generally accepted that let out properties have a higher occupation level than owner occupier houses (except of course for social housing which is under occupied).


London needs more housing for people to live in : if sufficient is built then prices will fall.


As you are an expert maybe you could tell us how much property building in London has been funded by foreigners that is now providing home for UK based families?

There seems to be no particular correlation between quality of housing and ownership model although there seems some evidence that very high levels of owner occupation is associated with very poor housing standards and poverty.


Why not try to find out some substantial facts and figures and useful correlations rather that simply repeating unsubstantiated opinions about the evil of people living in rented property and the evils of profit.