Forget about Brexit - what if we Remain?

needhouseadvice

Will house prices just keep hurtling upwards? 1 beds I saw a few months ago for £200k are not £250k even with this so-called slowdown. Surely next year they can't jump another £50k can they? These are starter homes for crying out loud and you need the salaries of 2 people or 1 very well paid person to buy them.

Pffff.

Miss_Samantha

If we remain we avert a major crisis.

Either way, property prices will continue to fluctuate based on supply, demand, the economy, availability of credit, and people's emotions.

The main issue in the housing market is that we do not build, and that has nothing to do with the EU.

norm_

Miss_Samantha wrote: »

If we remain we avert a major crisis.

Yes because Norway, Switzerland, Iceland are such impoverished countries /sarcasm. The difference is they're free to make their own laws and do what's best for the interest of their citizens.

Miss_Samantha wrote: »

The main issue in the housing market is that we do not build, and that has nothing to do with the EU.

It has everything to do with the EU. "Around 3 million people living in the UK in 2014 were citizens of another EU country. That’s about 5% of the UK population".

Where are these people living? ...

Miss_Samantha

Here we go again...

norm_ wrote: »

Yes because Norway, Switzerland, Iceland are such impoverished countries /sarcasm. The difference is they're free to make their own laws and do what's best for the interest of their citizens.

Norway and Switzerland are part of Schengen, which means that there is even more free movement of people there than there is here.
Norway and Iceland are part of the common market (EEA), which means freedom of movement, having to pay to the EU, and having to abide by many EU laws.
Switzerland is part of EFTA, which means almost the same.

In addition, note that I wrote 'crisis', which means that we'd survive, but probably not as well as now.

norm_ wrote: »

It has everything to do with the EU. "Around 3 million people living in the UK in 2014 were citizens of another EU country. That’s about 5% of the UK population".

And how many UK citizens live in the EU? Just a bit fewer.
So the actual issue is that we do not build, and that issue has nothing to do with the EU.

teddysmum

If the population keeps on growing at the present rate, I think prices will rise, especially after noting that some houses of multiple occupancy, in my area, are fetching total rents of more than four times that for similar homes offered for renting to a single household.

mrginge

Prices will continue to rise, probably up until the point that the eurozone collapses. At which point the economy will end up in just the same state as if we had voted to leave.
Bear in mind that as the eurozone continues to deteriorate, the pull factor for young unemployed Europeans to come here gets stronger and stronger.
You can make your own judgement about whether that is a good or bad long term position to be in.

Might as well vote to leave now and give us a head start on rebuilding a stable economy rather than one built on the principles of a pyramid scheme with large multinational vested interests at the top and exploited, hardworking small businesses and individuals at the bottom.

Miss_Samantha

The Eurozone will not collapse, come on...

teddysmum

Miss_Samantha wrote: »

The Eurozone will not collapse, come on...

So a small number of 'paying' countries can keep a larger and ever increasing number of 'payee' countries , with several 'payees' and no more 'payers' in the queue to join in?

moneyistooshorttomention

norm_ wrote: »

It has everything to do with the EU. "Around 3 million people living in the UK in 2014 were citizens of another EU country. That’s about 5% of the UK population".

Where are these people living? ...

Absolutely:T

It's that basic law of economics, ie "Supply and Demand". More people demanding housing = the cost of housing goes up.

We need our population to stabilise to help our housing costs stabilise. Then go down - for our housing costs to go down.

It's not just the cost of buying one's own house. These rising housing costs are hitting at every level - with rent levels rising in real terms too for those of the age group that expect to be renting anyway (ie 18 - early 20s). Never mind housing costs on beyond that (ie people buying their own places and those of late 20s onwards trapped in rented accommodation).

I'm trying not to think about those countries currently trying to get membership of the EU as well - and just how many of their population will also flood into our housing market if we don't Brexit.:eek:

Now what was that fairytale about killing the goose that laid the golden egg?:cool:

Miss_Samantha

moneyistooshorttomention wrote: »

Absolutely:T

It's that basic law of economics, ie "Supply and Demand". More people demanding housing = the cost of housing goes up.

Except that you have ignored the point of my reply.
If those 'extra' people were not here then British citizens who live in the EU would be here instead.
It would make no difference for housing.

As for population going down, the issue is that our economic system does not work in such case. See Japan over the last 20 years.
If the population goes down then everything will do down and taxes will go up (to pay for healthcare, pensions, etc).

moneyistooshorttomention wrote: »

It's that basic law of economics, ie "Supply and Demand". More people demanding housing = the cost of housing goes up.

Only if supply does not increase as well.

moneyistooshorttomention wrote: »

So a small number of 'paying' countries can keep a larger and ever increasing number of 'payee' countries , with several 'payees' and no more 'payers' in the queue to join in?

That's not what the Eurozone is, how the Eurozone works, and that's certainly not what the trend is...

Davesnave

moneyistooshorttomention wrote: »

We need our population to stabilise to help our housing costs stabilise. Then go down - for our housing costs to go down.:cool:

Unfortunately, as an older person, you need the ageing population of the UK to be bolstered by an influx of younger people from elsewhere, not only to pay for your pension, but to run the services the older demographic needs most.

Without them GB Plc is stuffed.

There is another alternative, which is to build many more houses than we have been building, because people will come here whether we do or not.

People will vote whichever way they like, but climate changes are adding to political pressures that will, inevitably, reach our shores and prove unstopppable.

Pretend that Little Britain can survive all this intact if you wish, but if you look around, it's already too late to pull up the drawbridge, stick your fingers in your ears and shout "La, la, la, this isn't happening!"