Housing Boom on the Way....

Cyberman60

Landofwood wrote: »

I'm not sure if you're serious.

Population is growing. People are living longer while people continue to have babies, and there is net immigration.

http://www.migrationwatchuk.org/latest-immigration-statistics

Indeed, while we remain in the EU we are a major attraction for economic migrants from poorer EU countries, so we need maybe 150,000-200,000 homes to be built annually just to stand still.
Migrants also have more babies so we can expect the population to be 70-80 million in 10 years or so. Totally unsustainable !!

Vote UKIP to control immigration and maintain availability of resources to UK citizens. :T

purch

caronoel wrote: »

They would also have to pay income tax on the annuity income, so the after tax effect would be similar.

You will also have to pay tax on the rental income, so you will be taxed twice, taking the money out of the Pension will be taxed as income, and then again on the income received from renting the property.

In an annuity you are taxed once, only on the income generated by the annuity, not when you take the money out of the pension to buy the annuity.

Thrugelmir

padington wrote: »

I just relayed the facts. I've also previously outlined the clear benefits to building more houses a number of times.

This is opinion not fact.

It seems house price inflation is the number Tory priority.

cells

The housing market with respects to renters vs owners is just an equation

the tipping point is imo about 250k homes a year now (taking current demographics into account)


build fewer than 250k homes and the rental sector HAS to expand build more and it has to contract

To truly see a surge in FTB and a modest fall in renters would require a build rate of > 400k a year


Will they push for that to be a reality?

Somehow I doubt they have even linked build rates to the makrup of the ratio of renters and owners

Thrugelmir

Why is build the only thing that will have an impact?

Interest rates, tax treatment of rental income, lending criteria, disposable income rising can also influence the long term outcome.

BobQ

Thrugelmir wrote: »

Why is build the only thing that will have an impact?

Interest rates, tax treatment of rental income, lending criteria, disposable income rising can also influence the long term outcome.

All true but why is Cameron planning to do something positive now? A year ago he could have built more and the disposal income for those without a house has been falling for some time.

Stimulating the construction industry could have happened before for the benefit of the wider economy. HTB was a start but what else has happened?

stator

Step 1: Ban buy to let mortgages > 50% LTV. That would get rid off many have a go landlords and control house price inflation.
Step 2: Introduce Right to Buy for private tenants. 1% discount from the current value of the property for every year you've lived in the house.
Step 3: Control rent increases
Step 4: Build, build, build more houses. Directly. Don't hope the private sector builds. Don't create stupid new buy schemes. Build houses, like the government did post war.

C_Mababejive

Look on any house price chart. In around 2008/09 the graph of house prices suddenly headed north to a point 2 or 3 times the original. Why did that happen? That is the root cause of the problem,that and scarcity of land.

buglawton

C_Mababejive wrote: »

Another mystery...if 200,000 homes are built every year,where do the people come from who fill them? Are they all previously living at home with parents?

.....Yes.....

Jonbvn

stator wrote: »

Step 1: Ban buy to let mortgages > 50% LTV. That would get rid off many have a go landlords and control house price inflation.
Step 2: Introduce Right to Buy for private tenants. 1% discount from the current value of the property for every year you've lived in the house.
Step 3: Control rent increases
Step 4: Build, build, build more houses. Directly. Don't hope the private sector builds. Don't create stupid new buy schemes. Build houses, like the government did post war.

The problem with these steps (except 4) is that you would kill the private rented sector dead. Then where would all the tenants live? In HMO's or all lodgers?