Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Do we really need more affordable housing 'starter homes'?

So looking at the stats may show that the majority of the homeless are single people looking for a first home and conclude that therefore we need more affordable single person homes - QED

But suppose that actually all the 1 bed houses are occupied but families who need two beds but can't afford it because all the 2 beds are filled with larger families who need three beds but can't afford it because all the 3 beds etc etc. Plus some of the larger houses are filled with older people who would ideally like to move to a bungalow on a decent plot but because of the increasing ageing population there are not enough becoming available.

So what there is actually a shortage of is 2 bed bungalows and larger family home sand if these were built then smaller homes would come free for the homeless and the market woudl correct in a way that just building thousands of new apartments will not solve.

As evidence I would point to the boom in house extensions in many parts of the country as demonstrating the lack of larger homes and the fact that the elderly are not moving into bungalows but instead having their houses transformed into downstairs living accommodation showing the lack of bungalows.
I think....
«134

Comments

  • Probably correct. Also don't forget stamp duty. To downsize from a £1.5 million home to a £1 million home would, for my mother, entail spending twice ax much on stamp duty as she originally paid for the house. Add in the money needed to redecorate and refit the whole place to the standard of what she's selling and she ends up with a smaller house, a huge tax bill and not that much cash. It's cheaper and easier to create a 1-bed downstairs flat within the existing house.
  • LydiaJ
    LydiaJ Posts: 8,083 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    It probably varies across different areas of the country. Developers round here seem to be thinking more or less along the lines you suggest, michaels - the only apartments I've seen going up are retirement complexes, and there are loads of those.
    Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
    Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
    Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
    :)
  • Sea_Shell
    Sea_Shell Posts: 10,031 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    All these massive "living area" extensions aren't helping either. Modest 3 bed houses...which "might" have been affordable to a family, have been extended to make them much bigger, thus worth much more, which is great for the owner, but no so great for that next family looking to buy.

    All the 2/3 bed bungalows around here are being bought up, extended into the loft, and to the side, making them into 4 bed family homes, making a bob or two for the owner, and another bungalow disappears forever.

    Large, but old and in need of work, house near us, on the market approx 3 years ago for £500,000. Has now been fully refurbished, extended etc, and is now back on the market for £800,000!!!!

    This is not solving the housing crisis!!!
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    LydiaJ wrote: »
    It probably varies across different areas of the country. Developers round here seem to be thinking more or less along the lines you suggest, michaels - the only apartments I've seen going up are retirement complexes, and there are loads of those.

    I agree with Lydia.

    I'm not convinced that a region like the NW suffers from the same problems as the home counties/London.

    Maybe we need more local solutions.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    Sea_Shell wrote: »
    All these massive "living area" extensions aren't helping either. Modest 3 bed houses...which "might" have been affordable to a family, have been extended to make them much bigger, thus worth much more, which is great for the owner, but no so great for that next family looking to buy.

    All the 2/3 bed bungalows around here are being bought up, extended into the loft, and to the side, making them into 4 bed family homes, making a bob or two for the owner, and another bungalow disappears forever.

    Large, but old and in need of work, house near us, on the market approx 3 years ago for £500,000. Has now been fully refurbished, extended etc, and is now back on the market for £800,000!!!!

    This is not solving the housing crisis!!!

    There is also dramatic conversion of outbuildings.

    There's a house near me where they have built a very impressive separate garage.

    I'm not quite sure why a garage would need feature windows and velux style windows in the pitch roof though.

    A cynic might suggest they are hoping it could be converted into living quarters when local planners allow.

    I confess to your first point though. Maybe the extension was over-large, but I was more interested in addressing limitations with the existing use of space.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    I think we need to look at high tech solutions which can create dwellings within weeks, not many months.

    Shipping container sized pods could be designed to be living units. They could be docked and undocked from fixed locations, and carted around the country depending on changing need. The fact they fit on container ships could mean they were constructed in bulk in cheap locations, further reducing cost.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    The average UK house size is already the smallest in Europe.

    By making developers build even more starter homes we just compound the problem. Crazy.
    If I don't reply to your post,
    you're probably on my ignore list.
  • daveyjp
    daveyjp Posts: 13,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    kabayiri wrote: »
    I think we need to look at high tech solutions which can create dwellings within weeks, not many months.

    Shipping container sized pods could be designed to be living units. They could be docked and undocked from fixed locations, and carted around the country depending on changing need. The fact they fit on container ships could mean they were constructed in bulk in cheap locations, further reducing cost.

    Even containers need fixed infrastructure.
  • LHW99
    LHW99 Posts: 5,265 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Quote:
    Originally Posted by kabayiri viewpost.gif
    I think we need to look at high tech solutions which can create dwellings within weeks, not many months.

    Shipping container sized pods could be designed to be living units. They could be docked and undocked from fixed locations, and carted around the country depending on changing need. The fact they fit on container ships could mean they were constructed in bulk in cheap locations, further reducing cost.


    Even containers need fixed infrastructure.

    Wouldn't these just be more basic versions of mobile homes?
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    daveyjp wrote: »
    Even containers need fixed infrastructure.

    It's a different use of the space. It's certainly not a panacea.

    I'm not fixed on ideas, but somehow we need a quantum leap in productivity when it comes to home construction.

    Year on year we are simply not creating enough. Even homelessness could be on the increase. A borough like Newham has the highest homeless figures in London, and it's also set to be one of the biggest growth areas within a decade.

    At best, we are playing catch up.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.