Is immigration increasing house prices in London and the south east

Thrugelmir

cells wrote: »

Im sorry I dont have the time just now. But I know London has outperformed the rest of the UK a lot over the last 20 years. Going from 20% of UK GDP to 30%.

Take out banking and then what's the picture?

cells

Thrugelmir wrote: »

Take out banking and then what's the picture?

something that doesnt exist

kinger101

I think what we really need is a catastrophic event that will cause a mass exodus. Rather like the potato famine in Ireland.

Now what do Londoners eat. Pie and mash? Jellied Eels? No, not any more. Ah...that's it! The Great Fried Chicken Famine.

CLAPTON

HAMISH_MCTAVISH wrote: »

The housing shortage is the cause of high prices.

Immigration certainly adds to demand but is far from the only or even main factor.

But it's a bit of a pointless question - we need immigration to ensure the long term prosperity of the nation - however we can solve the housing shortage at any point by simply building more houses.

there is no housing shortage without demand
3 million foreign born people out of a population of 8 million londoners is a lot of demand
there is no evidence we need to import people now to meet a speculative issue in 30/40 years time
building more houses and building the necessary infrastructure is very costly and would negate the fantasy benefits of the immigrant

CLAPTON

michaels wrote: »

Poll - without 3m foreign born in London would we have seen the population decline of the 70s and 80s become terminal wih crumbling infratructure, intractable social problems and all those who could get out doing so - sort of Detroit writ large?

London in the 70/80 was a great place
there were terrible boroughs like Hackney, Lambeth, North Islington etc but that was largely because the lunatic left wing councils who were more interested in being 'nuclear free' and establishing connections with the soviet union and palestine than bothering about housing, education etc.
Remember the vile MP for hackney Diane Abbott was so appalled by Hackney schools she sent her own son to a private school (and of course she didn't want him mixing with West Indians either) and the hypocrite Polly Toynbee (Lambeth) sent her son to a private school too.
Once the RTB came in and councils started doing their real jobs London started improving.

jamesd

Mistermeaner wrote: »

Well is it?

Your poll appears to lack a way to select a correct answer. None of the answer choices you have offered can be correct.

Leaving the EU will not stop immigration so it can't eliminate the effect of immigration on house prices.

Your new poll is an improvement since it just asks about the magnitude of the effect. But there is still no way to select the correct answer because you do not give any choices saying that immigration reduces house prices.

The problem is that immigration reduces house prices.

"If the immigrant population of a local authority grows by one in 100 overall, then house prices will fall by 1.6 per cent on average"

There's more on this subject and the higher proportion of renting vs owning in new immigrants.

So using the results we have so far and assuming that you believe that immigration is concentrated in London and the South East, we'd get to the answers that immigration decreases property prices and increases rents and shortages of social housing.

The problem then is in two parts: the extent to which immigration is disproportionately into London and the SE or not and the extent to which this applies to immigrants using EU rules vs other types of immigrant.

And I'm sure that that has been studied somewhere, perhaps someone would care to look for it?

vivatifosi

CLAPTON wrote: »

London in the 70/80 was a great place

Seriously? Have you forgotten the Brixton Riots, Southall, Broadwater Farm...?

The 1980s are the only time I have ever seen a burning cross on somebody's front garden in the UK. I don't ever want to go back there.

jamesd

There's a handy corollary, of course: if you want a good value home, pick an area with a high immigrant population.

cells

CLAPTON wrote: »

London in the 70/80 was a great place
there were terrible boroughs like Hackney, Lambeth, North Islington etc but that was largely because the lunatic left wing councils who were more interested in being 'nuclear free' and establishing connections with the soviet union and palestine than bothering about housing, education etc.
Remember the vile MP for hackney Diane Abbott was so appalled by Hackney schools she sent her own son to a private school (and of course she didn't want him mixing with West Indians either) and the hypocrite Polly Toynbee (Lambeth) sent her son to a private school too.
Once the RTB came in and councils started doing their real jobs London started improving.

So when Dianne and polly stopped sending their brats to private schools London GDP went up 50% more than rUK?

I would rather put forward a different possibility.
The city of London and other service exports (film legal accountancy software music IP etc) boomed on the back of a booming world economy. London was geared towards an improving world full of a lot more capital and the wealth to buy its service exports.

Im sure there must have been some other councils, with MPs who kids went to private schools and labour run councils concentrating on disarmament and whatnot which have improved but they havent done well at all. Maybe stoke is one such place?

CLAPTON

vivatifosi wrote: »

Seriously? Have you forgotten the Brixton Riots, Southall, Broadwater Farm...?

The 1980s are the only time I have ever seen a burning cross on somebody's front garden in the UK. I don't ever want to go back there.

As I said in socialist run councils things were very bad:
they were more interested in communistic politics than running efficient administrations and improving the lot of the people.

Sadly the rioters came from unemployed fatherless families and were the sort of people that Diane Abbott didn't want her son to associate with.
One also remembers the murder of PC Blakelock.