Collapse in new house building.

TickersPlaysPop

CLAPTON wrote: »

where do you think the 500,000 immigrates that arrive each year should live: buy houses on arrival?
or the 800,000 young people who leave home for the first time each year: should they immediately buy too?

or do you favour the state providing subsidised housing instead?

Clapton

You refuse to let us all know even a little about yourself, so why should any one here take notice of you? How many properties do you own? Have you ever had a mortgage? What did you work as, assuming you are retired....

Your posts are loaded with agenda. Time to come clean.

You have purposely or mistakenly quoted gross migration, why? The net figure is half that.

I was mentioning in isolation the demand people keep mentioning, and exposing the nature of the demand. How many of net figure need a separate property?

Maybe since you are now a migration expert you can explain the nature of the net migration? How many end up sleeping rough? How many are part of families already living in UK? How many move here and buy within 6mths, how many buy before they arrive? How long do people stay in the UK? What is the mean, and median wage of that net migration? What is the spread of ages?

Let's not get all angry at the "migrants"

It's the bankers we want to get angry with, and their puppet politicians that pretend to represent the public.

Maybe Clapers represents the bankers and the politicians? Makes the most sense based on The posts by Clapers ....

CLAPTON

TickersPlaysPop wrote: »

Clapton

You refuse to let us all know even a little about yourself, so why should any one here take notice of you? How many properties do you own? Have you ever had a mortgage? What did you work as, assuming you are retired....

Your posts are loaded with agenda. Time to come clean.

You have purposely or mistakenly quoted gross migration, why? The net figure is half that.

I was mentioning in isolation the demand people keep mentioning, and exposing the nature of the demand. How many of net figure need a separate property?

Maybe since you are now a migration expert you can explain the nature of the net migration? How many end up sleeping rough? How many are part of families already living in UK? How many move here and buy within 6mths, how many buy before they arrive? How long do people stay in the UK? What is the mean, and median wage of that net migration? What is the spread of ages?

Let's not get all angry at the "migrants"

It's the bankers we want to get angry with, and their puppet politicians that pretend to represent the public.

Maybe Clapers represents the bankers and the politicians? Makes the most sense based on The posts by Clapers ....

My purpose is quoting 500,000 immigrants is that the majority are unlikely to be able to buy a property on arrival and therefore need rental properties

The emigrants who go abroad will of course free up some rental but many will be owner occupiers-they of course will free up some properties there

In any event there is a net number of people 250,000 requiring rental properties

My question was where do you think they should live?

cells

CLAPTON wrote: »

My purpose is quoting 500,000 immigrants is that the majority are unlikely to be able to buy a property on arrival and therefore need rental properties

The emigrants who go abroad will of course free up some rental but many will be owner occupiers-they of course will free up some properties there

In any event there is a net number of people 250,000 requiring rental properties

My question was where do you think they should live?

There needs to be some social homes as the private sector is probably not adequately skilled in handling some types of tenants and will just refuse them.

I think that puts a lower limit of 10% of the housing stock as social

There needs to be some private rental for the groups you mention plus for adult students living away from home who now number over a million just in themselves and for such groups as people renting a small flat for weekdays as their work and family home are too far from daily commute.

The number needed for private rental is more difficult to guess but its over 10% and below 20% imo. Lets just guess half way.

so for the UK 10% social. 15% PR and 75% OO would I think be somewhere close to optimal socially.

cells

When you look at individual councils you find that the build rate can be as high as 5x the national average and as low as 1/5th the national average

how can build rates vary so much from council to council?

The mortgage matket is the same. Building types are the same. The cost of bricks and labour arr the same.

as far as I can see everything apart from the quatas are the same

Cyberman60

CLAPTON wrote: »

My purpose is quoting 500,000 immigrants is that the majority are unlikely to be able to buy a property on arrival and therefore need rental properties

The emigrants who go abroad will of course free up some rental but many will be owner occupiers-they of course will free up some properties there

In any event there is a net number of people 250,000 requiring rental properties

My question was where do you think they should live?

Well, at least there is at least one other on the board that understands the problem and the corresponding easy solution. Vote UKIP.

jjlandlord

What about if all the British citizens living abroad have to come back?

There are millions of them, and a fair proportion are retired, apparently.

Does the UK win financially by exchanging a young professional for a pensioner? I'm pretty sure the NHS does not win...

TickersPlaysPop

Cyberman60 wrote: »

Well, at least there is at least one other on the board that understands the problem and the corresponding easy solution. Vote UKIP.

Vote UKIP and we supposedly get a quick referendum, rather than wait for a renegotiation under Tory leadership.

Ok.... referendum... What if the nation votes not to leave the EU .... where does that leave UKIP?

UKIP doesn't equal UK leaving the EU.

lukeh23

They are actually starting to drop their prices on existing stock and be more aggressive about chasing buyers.

Myself and my wife looked at new builds last year and left details in a few showroom offices. At that time, they were saying existing stock would like be about 10% higher if we left it until next year. We just felt the whole thing appeared crazy and very bubbly. Glad I never listened to their scare tactics now. Very pleased.

Over the past few weeks they have all started calling me and sending me SMS with the latest 'offers' and the prices have dropped. It's almost like they have worked something out and want to get shot of what they have, as quick as they can.

I also noted the following thread, so its not just me:

https://forums.moneysavingexpert.com/discussion/5181941

Its very much swing'ed into the buyers favor now. We intend to start looking again late spring after the election and driving for a good 20% - 30% + off asking price.

hpifever

Lukeh23, you can't that openly. You will upset the HPI nutters.

jjlandlord

lukeh23 wrote: »

Myself and my wife looked at new builds last year and left details in a few showroom offices. At that time, they were saying existing stock would like be about 10% higher if we left it until next year. We just felt the whole thing appeared crazy and very bubbly. Glad I never listened to their scare tactics now. Very pleased.

Creating urgency is a standard sales tactics.
That's why you see all these "Quick, sale ends soon".

New builds are also usually overpriced when put on the market.

That's all can be said of your experience, really.