Planning permission not the hold up to building houses

cells

mwpt wrote: »

What is going on in the north of England, why are people not buying property which clearly seems to be affordable vs rents?

they are, ownership is very high in the north

one Midlands town I know is about 70% owners 20% council 10% rented. You can not really get less than 10% rented as there has to be some rental stock

on the other hand, ownership in London is the lowers now at below 50% while the private rental sector is approaching 30%

oh one of the reasons ownership is not higher is because some people cant prove their incomes. for example if you go self employed or start a business it takes three years. if in any of those years you see a small dip in income its another three years etc

It is somewhat hard to digest and doesn't seem to reach a firm conclusion but it does corroborate your transactions vs build starts proposition. That is intriguing because he suggests it is almost always exactly a 1:10 ratio. Why would this be?

it wont be a fixed ratio other things will impact. in London stamp duty has gone up lots and its about to nearly double in april all of those will mean transactions in London will fall.

There is definitely a link between new builds and transactions but I think its new builds driving transactions rather than the other way around. For each new build there will be a chain of 3-4 homes below it so if house building is 100,000 units a year at least 300,000 transactions are because of this house building. If build rates go up or down they will drive transactions by 3 x the increase or fall.

mwpt

are prices too high

HAMISH_MCTAVISH wrote: »

No.

Mortgages as a percentage of income are close to record lows, and rents in 90% of areas are more than a mortgage would be, even at 95% LTV and even if base rates were closer to 5% than 0.5%.

So what is causing the lack of transactions? No more liar loans?

Was there a part of 'mortgage rationing" you didn't understand the first time I said it?

What exactly is mortgage rationing? Credit is cheap? I obtained a mortgage for what I consider an extremely overpriced London house (vs any historical measure). So what is being rationed?

stator

CLAPTON wrote: »

why do lack of through roads lead to no communities ?
are you saying it communities would be better if all the roads were busy noisy through roads?

They don't have to be noisey or busy but yes, through roads you get to know your neighbours better, you see people, you're more inclined to walk places. With more geometric layouts you get corner shops that I have never seen in the root and branch layout. In the 30s they build looped roads that often come back on themselves, works rather well if you ask me. Even the rows of terraces work better than what they build now

CLAPTON

stator wrote: »

They don't have to be noisey or busy but yes, through roads you get to know your neighbours better, you see people, you're more inclined to walk places. With more geometric layouts you get corner shops that I have never seen in the root and branch layout. In the 30s they build looped roads that often come back on themselves, works rather well if you ask me. Even the rows of terraces work better than what they build now

I'm sure many parents would prefer to live in roads to nowhere except for pedestrian access

stator

I'm sure they think they do, they think "isn't this a lovely quite little culdesac" and then a few years later they realise they are completely isolated.

CLAPTON

stator wrote: »

I'm sure they think they do, they think "isn't this a lovely quite little culdesac" and then a few years later they realise they are completely isolated.

bizarre......................................

stator

CLAPTON wrote: »

bizarre......................................

Love you too :kisses: