David Cameron: Generation Rent will become Generation Buy

daveyjp

cells wrote: »

this isnt true if you look at the build rates by council its clear the ones that give a larger quota get more new builds almost irrespective of local prices

So the end value of a property has no effect on whether it gets built? Developers and funders would disagree, they don't generally build to lose money.

Mistermeaner

The final cost of a home is way w at above the costs of bricks and labour

A huge portion is in land with planning permission. The land itself is cheap, the value is in the planning.

Ease planning, the cost of planning comes down, more houses go up and said houses become cheaper.

You're deluded if you think planning is a side show

Mistermeaner

ukcarper wrote: »

I'm not sure why you have to blame it on pensioners, it's generally people who live in area and will be effected. Just because a large percentage may be pensioners the vast majority of pensions do not live in love country areas. Only one of my friends has a view of fields from his house and they have just be built on he didn't object.

Christ carpet. One of my friends is old and lives near fields and he does object. I said GENERALLY.

And generally I'm right; look at any x against evil developer organisation and you'll find it populated and led by the same folk who run parish councils. Old, retired, well intentioned, lots of time, narrow view. Nimbys.

Or I like the term 'BANANA'

Build absolutely nothing anywhere near anyone

CLAPTON

Mistermeaner wrote: »

Christ carpet. One of my friends is old and lives near fields and he does object. I said GENERALLY.

And generally I'm right; look at any x against evil developer organisation and you'll find it populated and led by the same folk who run parish councils. Old, retired, well intentioned, lots of time, narrow view. Nimbys.

Or I like the term 'BANANA'

Build absolutely nothing anywhere near anyone

amazing that education, world travel, bring up a family, good job, helping family and friends, dealing with tragedies and illness, makes people narrow minded.

mwpt

cells wrote: »

15% interest rates were not sustainable then and they crashed towards 5%

The most realistic case I can think of is bank rate at 4% resulting in mortgages at 5-6% which is enough to slow house price growth but it wont cause a crash in prices

At 6% there are plenty of properties in London where it would make no financial sense to buy at current prices. I believe we (I mean myself and someone else) discussed this on another thread.

ruggedtoast

What we need is planned, state mandated infrastructure development. Like they have on the continent.

There, a fistful of NIMBYs can't hold developments up for years. If the state wants a railway or tower block, it gets one. And the NIMBYS get a compulsory possession order pronto presto.

CLAPTON

ruggedtoast wrote: »

What we need is planned, state mandated infrastructure development. Like they have on the continent.

There, a fistful of NIMBYs can't hold developments up for years. If the state wants a railway or tower block, it gets one. And the NIMBYS get a compulsory possession order pronto presto.

you have missed the point as usual

Thrugelmir

chucknorris wrote: »

Some silly bears (not all) tend to think house prices can crash while the rest of the economy booms.

There's much to suggest that the economy isn't booming. Some silly bulls (a few) appear to be assuming that residential property is immune to a correction.

ukcarper

Mistermeaner wrote: »

Christ carpet. One of my friends is old and lives near fields and he does object. I said GENERALLY.

And generally I'm right; look at any x against evil developer organisation and you'll find it populated and led by the same folk who run parish councils. Old, retired, well intentioned, lots of time, narrow view. Nimbys.

Or I like the term 'BANANA'

Build absolutely nothing anywhere near anyone

Like I said it's the people who are effected and in the nice villages in the South the majority are older but it's nowhere near the majority of older people.

Mistermeaner

That doesn't make sense