Why are house prices so expensive in the south east

CLAPTON

cells wrote: »

Prices can front run events

economic garbage and shows no understanding of cause and effect.

Australia is expensive because its 99% foreign or their children. Maybe they should send them back. What would happen to England prices then?

you have an Orwellian disregard for the meaning of words which does you no credit.
However it is true that if there had been no immigrants into Aus then houses would be cheaper.

The supply demand match of people and houses and land is somewhat different between countries like Australia and the UK and has nothing to say about the UK.

I have no view on why you propose sending the back : seems rather a stupid suggestion to me.

[/QUOTE]

85% of the UK population can't live in London irrespective of migration[/QUOTE]

What has that do you with the impact of 3-4 million foreign born people on the price of houses in London?

My concern is the welfare of the people of the UK : yours is to do as much harm as possible.

Herzlos

CLAPTON wrote: »

My concern is the welfare of the people of the UK : yours is to do as much harm as possible.

Do you know what'd happen to the UK/London if these 3-4 million foreigners just left?
Greece would be sending us aid parcels.

CLAPTON

Herzlos wrote: »

Do you know what'd happen to the UK/London if these 3-4 million foreigners just left?
Greece would be sending us aid parcels.

what analysis supports your ridiculous made up proposition

Herzlos

CLAPTON wrote: »

what analysis supports your ridiculous made up proposition

Basic economics.

Take the low ball, 3 million people, on average London wage (£36k), living 4/house, means:

750,000 houses either owned or rented.
£108B in income.
Somewhere about £36B in tax alone.

These people presumably also provide services and spend more or less all of their money.

So you'd suddenly have 750k empty houses, driving down property and rental prices quite significantly, £36B taken out of the tax pot and another £72B taken out of the economy, including a fairly large chunk taken out of the banking sector.

That's an enormous hit to pretty much everything across the board. Sure, you'd get plenty of space on the bus, but the economy of scale issues will probably drive the bus fares up or close routes altogether. You'd replace some of the staff with locals, if they have suitable skills, but you'd run a lot of offices understaffed which again drives the costs up and probably puts smaller places out of business.
The drop in trade will kill off a lot of fringe shops as well, and drive up prices for the bigger ones.

Are you starting to get the picture?

You seem to think that having a large population of foreigners is driving our standards of living down, but you don't seem to grasp that we still need their money & work.

cells

CLAPTON wrote: »

economic garbage and shows no understanding of cause and effect.

A lot of prices are set by current demand and supply but the markets also try to predict future supply and demand abd 'front run' that. A futures market if you will. The same to some degree applies to the property market it would be silly if a buyer only looked at current supply and demand

I have no view on why you propose sending the back : seems rather a stupid suggestion to me.

We can't complain when we have sent out to the rest of the world 50+ million brits and their children and only have 9 million (according to you) non Brits here.

What has that do you with the impact of 3-4 million foreign born people on the price of houses in London

?

Whatever the impact positive or negative the 'native Londoners' where not forced out by angry forign mobs with pitchforks they left with bags of money handed to them by this mob. In many cases it helped Londoners greatly eg one family I know with kids in dead end jobs sold up their one house in hackney and moved to Telford and bought themselves and each if their 3 kids houses outright with no mortgages from the proceeds. This English white family greatly benefitted from the migration and HPI of London so when you cry Londoners can't afford homes I think of this family abd think his wrong you are

My concern is the welfare of the people of the UK : yours is to do as much harm as possible.

I too want a positive for the people of the UK which is why I would support high migration of young lower skilled foreigners who will displace the locals up the skill and pay bands and make huge net contributions to taxes for 30 years so taxes are lower abd services better for the locals

CLAPTON

Herzlos wrote: »

Basic economics.

Take the low ball, 3 million people, on average London wage (£36k), living 4/house, means:

750,000 houses either owned or rented.
£108B in income.
Somewhere about £36B in tax alone.


These people presumably also provide services and spend more or less all of their money.

So you'd suddenly have 750k empty houses, driving down property and rental prices quite significantly, £36B taken out of the tax pot and another £72B taken out of the economy.

That's an enormous hit to pretty much everything across the board. Sure, you'd get plenty of space on the bus, but the economy of scale issues will probably drive the bus fares up or close routes altogether. You'd replace some of the staff with locals, if they have suitable skills, but you'd run a lot of offices understaffed which again drives the costs up and probably puts smaller places out of business.
The drop in trade will kill off a lot of fringe shops as well, and drive up prices for the bigger ones.

Are you starting to get the picture?

You seem to think that having a large population of foreigners is driving our standards of living down, but you don't seem to grasp that we still need their money & work.

ok about 6 million UK citizens people who would dearly love to live in London but can't because of the high cost of housing due to the large number of immigrants.
Probably a welcome fall in the price of property so that now people in their later 20s early 30s now now afford family sized property and have the option of starting a family if they so wish.

I would agree that a number of coffee places would close with zero impact on the economic life of the capital.

You seem to think that having a large population of foreigners is driving our standards of living down, but you don't seem to grasp that we still need their money & work.

What evidence do you have that a 'larger population ' provides higher per capita income?

Most the the immigrant do low skilled jobs .

Why do you think living in a shared expensive flat makes you 'richer' that living in a family sized property?
Why do you think commuting 2-3 hours per day is better than for half an hour.



basically millions of the citizens of the UK will much better off : better jobs, better housing, better travel, better services.

CLAPTON

cells wrote: »

A lot of prices are set by current demand and supply but the markets also try to predict future supply and demand abd 'front run' that. A futures market if you will. The same to some degree applies to the property market it would be silly if a buyer only looked at current supply and demand

the garbage you actually posted was nothing to do with the above

The main reason why London and to a lessor extent the SE is expensive is to limit the number of people who migrate internally to those regions. If London was a similar price to Birmingham we would have London growing at +300k people per year rather than +100k people per year

We can't complain when we have sent out to the rest of the world 50+ million brits and their children and only have 9 million (according to you) non Brits here.

I have never commented on the generally accepted 'fact' that all our ancestors derive from an adam and eve somewhere in Africa probably 50-100k years ago.
I don't comment about it here because, while of great scientific interest, I don't see its relevance to taxation, benefits, employment, trade, migration, laws, culture, train transport, housing, health care etc.

What lessons of contemporary relevance do you revive from historic migrations : are they related to your belief that all ISIL psychopaths are your cousins?

Whatever the impact positive or negative the 'native Londoners' where not forced out by angry forign mobs with pitchforks they left with bags of money handed to them by this mob. In many cases it helped Londoners greatly eg one family I know with kids in dead end jobs sold up their one house in hackney and moved to Telford and bought themselves and each if their 3 kids houses outright with no mortgages from the proceeds. This English white family greatly benefitted from the migration and HPI of London so when you cry Londoners can't afford homes I think of this family abd think his wrong you are

too stupid and racist to comment on.

I too want a positive for the people of the UK which is why I would support high migration of young lower skilled foreigners who will displace the locals up the skill and pay bands and make huge net contributions to taxes for 30 years so taxes are lower abd services better for the locals

How does you love of young lower skilled foreigners sit with your observations that we are all cousins and all the result of migration. Do do you discriminate against all these other cousins?

System

Is it necessary to act like a bell end in multiple threads at once?

Herzlos

Joeskeppi wrote: »

Is it necessary to act like a bell end in multiple threads at once?

It's pretty much all he knows.

mayonnaise

House prices are expensive in the South East because we have a thriving economy here.
A thriving economy largely based on free trade with our European friends, underpinned by free movement of people, services, capital and goods.
Hope this helps.