If we vote for Brexit what happens

enthusiasticsaver

chaostheory wrote: »

Are you aware that the average house price in the SE is now £335,016 and the average salary £27,017?

In London the average house price is London is £556,350 and the average salary £27,531.

That is why the SE voted OUT. And what the Remainers never dealt with.

House prices are ridiculous in this country and London and the SE particularly so. I fail to see how EU migration is to blame for this though and how leaving the EU will help. The fault is down to subsequent UK governments who are not building enough houses and loose bank borrowing.

We also have more immigration from outside the EU and almost everyone, even the leave camp admit that immigration will not come down significantly if we exit EU.

chaostheory

enthusiasticsaver wrote: »

House prices are ridiculous in this country and London and the SE particularly so. I fail to see how EU migration is to blame for this though and how leaving the EU will help. The fault is down to subsequent UK governments who are not building enough houses and loose bank borrowing.

Really?





Still can't see it?

gadgetmind

Of course Brexit hasn't been negative across the board.

Hate crimes are soaring.

http://www.bbc.co.uk/news/uk-36869000

Kohoutek

chaostheory wrote: »

Still can't see it?

That is EU and non-EU migration.

gadgetmind

Two things increase over time, therefore one causes the other. Sorry, wrong, correlation does not imply causation.

Thrugelmir

gadgetmind wrote: »

Um, so our problem is a brick shortage?

That's the trouble with selective quoting. Remember the GFC of 2008.

Britain's biggest brickmakers have laid off more than 1,200 workers and started to send home hundreds more on a temporary basis as the housing crisis takes its toll on the supplies sector.

Hanson has axed 600 staff as it permanently closed two plants, mothballed two others and plans to either halt output for three months or take out shifts at four.

The company, owned since last year by HeidelbergCement, already has 500m bricks stockpiled at yards around the country, equal to sales it might expect in 2009. "We believe there will be further reductions in demand by the middle of next year and we do not predict any upturn until the middle or end of 2010," said a Hanson spokesman.

Among Hanson's permanent closures are plants at Stewartby, in Bedfordshire, and Swillington, near Leeds, while factories at Caernarfon, in north Wales, and Accrington, in Lancashire, have been mothballed. Workers at Kirton, in Nottinghamshire, are among those being sent home in December for 12 weeks while CRH, which owns the Ibstock brickmaker, is shutting four facilities which is expected to result on 200 employees losing their jobs.

The Vienna-based Wienerberger, the world's largest brickmaker which owns Baggeridge Brick and the Sandtoft roof tile businesses, said it had made 400 permanent redundancies as it mothballed four plants and temporarily halted production at another eight in the face of the worst conditions it has faced in 20 years.

Wolfgang Reithofer, its chief executive, said all plants in Britain were affected by its own cutbacks. "We saw a 20% fall in volumes in 2008 and expect a further 20% reduction in 2009," he added. Asked whether there could be more redundancies or further mothballing, he added: "It's not planned but, of course, I can't exclude it."

Construction took the hit. As well as the banks.

gadgetmind

Thrugelmir wrote: »

Construction took the hit. As well as the banks.

I'm really not sure what your argument is, and accept this may be my fault.

If brick makers can't now sell all of their output, and they are stockpiling, how can brick supply be the limiting factor of house building?

cells

chaostheory wrote: »

British House builders don't build houses - they are known as Land Bankers by investors not house builders. They make money sitting on land and governments never do anything about this fact.

why do these rules only apply to England?

Why do the French builders or the Irish or the Spanish or the German builders build a sufficient amount?

cells

chaostheory wrote: »

Are you aware that the average house price in the SE is now £335,016 and the average salary £27,017?

In London the average house price is London is £556,350 and the average salary £27,531.

That is why the SE voted OUT. And what the Remainers never dealt with.

Those average wages include part time workers and also 'children'
A full time working couple would be more realistic and then the figures dont look all that bad with a full time couple on joint £65k

you also ignore the fact that people have more than just incomes when bidding for property. property buyers have access to somewhere in the region of £100-£200 billion worth of gifts & inheritances.

enthusiasticsaver

chaostheory wrote: »

Really?





Still can't see it?

The correlation between the increase in house prices and the increase in migration (from both EU and outside) is due to the performance of the economy on which both of these factors rely. When we have a good economy with higher gdp and employment then house prices tend to rise due to confidence and higher wage growth and migrants also come to the UK for jobs. In a recession then house prices fall and migrants don't come for the simple reason there are no jobs so it is tenuous at best to suggest the reason for high house prices is high migration.

The Migration Advisory Service and LSE did a report on this prior to Brexit and concluded that migration played a limited part in rising house prices and most Tier 2 immigrants were in private rented sector. https://fullfact.org/economy/are-immigrants-pushing-house-prices/