House Building everywhere, Can it Continue?

C_Mababejive

ukcarper wrote: »

Prefabricated houses will do nothing to help land prices which is the major part of house prices. In many areas.

I hear you and i can only point you toward my signature.

The truth is that the very few lay claim to vast tracts of land in this country when they have no right to such claims.

Further HM Land Registry has historically connived with the aristocracy and wealthy landowners to hide claimed land ownership since land is only recorded if it is bought or sold.

Clearly the landed gentry and similar dont trade land. They simply engineer its transfer from one generation to another.

I would add that along with my passion for factory made engineered homes , i would legislate to give a minimum floor area for UK homes since house builders are throwing up pokey slums and selling them for inflated prices.

I would legislate to make land banking unattractive and my best suggestion of all would be that all new build family homes have three floors.

That may be ground,first and living roofspace or three floors plus habitable or otherwise roof space.

There is plenty of room in the sky and so all new builds would have a decent amount of living space.

What on earth is the point of building ground,first and an empty attic?

Of course the real culprit in all this is the failed economy which must maintain a link between tangible assets (houses) and the failed economy/crooked banking system.

ukcarper

C_Mababejive wrote: »

I hear you and i can only point you toward my signature.

The truth is that the very few lay claim to vast tracts of land in this country when they have no right to such claims.

Further HM Land Registry has historically connived with the aristocracy and wealthy landowners to hide claimed land ownership since land is only recorded if it is bought or sold.

Clearly the landed gentry and similar dont trade land. They simply engineer its transfer from one generation to another.

I would add that along with my passion for factory made engineered homes , i would legislate to give a minimum floor area for UK homes since house builders are throwing up pokey slums and selling them for inflated prices.

I would legislate to make land banking unattractive and my best suggestion of all would be that all new build family homes have three floors.

That may be ground,first and living roofspace or three floors plus habitable or otherwise roof space.

There is plenty of room in the sky and so all new builds would have a decent amount of living space.

What on earth is the point of building ground,first and an empty attic?

Of course the real culprit in all this is the failed economy which must maintain a link between tangible assets (houses) and the failed economy/crooked banking system.

That's the history of this country don't see it changing.

In not unusual for new builds to be 3 story.

Need to spread demand around country more.

daveyjp

Land Registry are working on all land to be registered by about 2030.

Add extra rooms to the attic and you immediately increase the cost of developing the house. The increase can be substantial as some development costs are based on the number of expected occupants. It can make a profitable development become unprofitable.

You may also need to increase the amount of car parking spaces, thereby using land for cars which could be used for more houses.

You also end up with lots of bedrooms, but ground floor accommodation which is too small for the potential number of occupants.

Mistermeaner

This concept of overpriced is total rubbish - it's subjective

Just because you think something is overpriced it's clearly not if someone else bought it.

E.g. I think New cars are ' overpriced' . I don't buy new cars. Lots of people are though . Ergo they are not over priced

Mistermeaner

Re 3 storeys - where it makes economic sense builders do - they are good at meeting demand hence making profits. If they're doing it wrong start a business that out competes them

In General loft conversions whether retrospective or at new build don't stack up economically and a true 3rd storey is more or less just same cost as a second story

Trouble with building up to create space is you create limited use floors and gardens Inc drives which people do want and value

thickasabrick

I think I prefer Michael Hudson's explanation of why house prices have risen to the level they have.

His book "Killing the Host" explains in detail that it was the financialisation of housing that has caused the increase in prices.

There is an article on his web site titled "Incorporating the Rentier Sectors into a Financial Model" which summarises some of the theory that he has used in his book.

https://michael-hudson.com/2012/09/incorporating-the-rentier-sectors-into-a-financial-model-3/

triathlon wrote: »

People just need to start getting used to the fact that as the decades pass housing owning will get progressively harder, population growth(immigration and natural) the need to keep prices at the very least level so the banks and UK economy survive.
The 1980's was the golden era to buy property, it will be never return to that unless half the population leave or are wiped out.

That's why I get so angry and doom mongers and that horrible cult website HPC.com, wasting other peoples lives for their false mantra

Herzlos

Mistermeaner wrote: »

Trouble with building up to create space is you create limited use floors and gardens Inc drives which people do want and value

Only if you shrink the plot, surely?


Say you keep the plot the same size, reduce the building footprint slightly and add another floor; that reduction in floor plan may score you another parking space whilst giving you another bedroom.
As long as you don't make the footprint too small you could still have decent social space though you may need to shake up the ordering a bit.

C_Mababejive

Mistermeaner wrote: »

This concept of overpriced is total rubbish - it's subjective

Just because you think something is overpriced it's clearly not if someone else bought it.

E.g. I think New cars are ' overpriced' . I don't buy new cars. Lots of people are though . Ergo they are not over priced

It doesn't necessarily follow that because someone buys something, it is actually worth the price paid.

You only have to look at so called designer tat which has more to do with aspiration and brand success than inherent value. This is adequately demonstrated by for example, the number of backstreet shops in the strangeways area of manchester which sell fake branded goods and which aspirational types flock to buy.

As for houses well they stampede to pay what is asked for a number of reasons;

The fake and rigged market
The fear that if they dont buy this one the next will cost more
The dubious tactics used by bent estate agents

A houses value = the cost of the land plus building costs.

The land value is the more ethereal bit.

AG47

There is a bubble in property

lisyloo

AG47 wrote: »

There is a bubble in property

Even if that were true, people still need somewhere to live and can’t wait forever to strat a family (female fertility drops off a cliff at 35).

Even if houses are overpriced they are still cheaper than renting and for most unsophisticated investors better than putting your money elsewhere, when you take account of

Gearing
No tax
Several decades of rent free living in retirement