Debate House Prices


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Yellow jacket freedom fighters spreading to London

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  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Most don't know what it's about .... they just want a ruck.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    Most don't know what it's about .... they just want a ruck.

    It'd be a chance for me to use a gas mask. :)

    I used to collect them you know. I still have a few stored away. The history of gas masks is interesting.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    AG47 wrote: »
    the housing crisis is the worst it has ever been here in London. I'm working Monday to Wed/Thurs just to pay of my landlords mortgage. I'm not alone in my feelings of injustice and extreme unfairness.

    :rotfl:

    What absolute rot.

    Read some history, even quite recent history, touching on social conditions, though it probably won't fit in with your own biases, so you won't. It was ever thus. People work to live. If you don't like it, move to another country where you think you'll have it even easier. Or get a better paid job. I know people certainly in their thirties who have their own properties, or rent without moaning, and have well-paid jobs.
  • dawyldthing
    dawyldthing Posts: 3,438 Forumite
    I’m another for move out of London and look elsewhere. There’s loads of parts in this country where for what you pay as a deposit in London you can not far off buy the house. I certainly wouldn’t be happy working 4 days for pretty much nothing.

    But, there’s certain reasons why we have more demand than supply of houses. It’s ok saying build a million houses, but maybe we need to look at why we have the demand we have and what’s increasing it first. As I’ve never known it this bad and it’s only getting worse with no end in site. Houses are being built but at ludicrous prices (there’s a few round here at £200k plus, whereas older houses are half if not less than it for a similar size property).
    :T:T :beer: :beer::beer::beer: to the lil one :) :beer::beer::beer:
  • jonnygee2
    jonnygee2 Posts: 2,086 Forumite
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    I’m another for move out of London and look elsewhere.

    Yes this is what everyone told me to do (on this board, and elsewhere) when I was buying a house.

    Thing is, my family have always lived in the East End. I grew up here, I have family and friends in the area. I volunteer in the community. Really, I think all these people who think you can just move anywhere, regardless of where your family and friends live, must be very lonely people with little idea about what makes life worth living.

    So is there a housing crises? Well, where I live the average household income is about £30k but many (70%) including some of my family live on 20k / year (the fact is the 'average' of 30k is pulled up substantially by a few high earners in Canary Wharf, I think from my experience the average family probably earns 25K or less).

    The lowest value houses around here start at about £350k. I'm not an economic historian so I don't know if has been worse before, but one bed houses starting about 15 times what the average person is being paid - that's bad by any measure. In my block, most of the 'two beds' have at least five people in them, next door there are seven. So yes, at least in Shadwell, there's a housing crises.

    That said, I don't know anyone who would join Tommy Robinson in a protest. That racist scumbag can go **** himself.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
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    AG47 wrote: »
    The majority are unhappy about high rents and property prices, the people could demand the government a million affordable homes to be added to the supply every year from now on.

    Evidence of this?

    And where would 'a million affordable homes' be built, or how would they be 'added to the supply'?

    I agree that BTL should never have been promoted and allowed to develop in the way it did, and that property companies and investors (especially mega-rich ones) should not have the power they do. But there are many people in their twenties and thirties who have 'property portfolios'. Is it expected that they will join in these momentum marches?

    If immigration is not cut down drastically the problems will only escalate. Funny that these momentum supporters do not see this as a problem, but try to blame it on their elders (perhaps they favour the Khmer Rouge solution?). There is a finite amount of space in London, and penalising the elderly, especially those who have worked hard all their lives and paid taxes (and often are still paying them) is no solution.

    If you want to know about overcrowding, read about conditions in the fifties and sixties, when many families lived in tiny, cramped rented accommodation. No one even wanted to live in London then. Better still, read about Victorian and Georgian times, when there were also population explosions and people lived two or three families to a run-down house, or even better, lived on the streets. Then see if your statement that the housing situation has 'never been as bad' holds water.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    jonnygee2 wrote: »
    Thing is, my family have always lived in the East End. I grew up here, I have family and friends in the area. I volunteer in the community. Really, I think all these people who think you can just move anywhere, regardless of where your family and friends live, must be very lonely people with little idea about what makes life worth living.

    Well, I've always lived in London and had 'family and friends in the area', yet moved outside London when I married and we couldn't afford to live in London (though we were both working in the city). I come from a close-knit family, and if I could do it, anyone can.

    You may want to live in an expensive area, but that doesn't mean you are entitled to do so if you cannot afford it. :cool:

    Best to see if you can better yourself, then move back to London when you can afford it, as I did (first of all buying just a bedsitter in an inexpensive area).
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You can also blame students.... with 50% of people now being a student when they leave school ..... the majority of that lot trot off and live away from home.

    One way to quickly alleviate the housing shortages would be for Universities to put up a nice campus ... it could even have perpetual shuttle buses to town/Uni.... free up a lot of those HMOs (that are only used half the year).

    "Where's the money coming from?".
    They borrow the money and repay their debt via the rents they collect....
    the only difference is the money route, not anybody having to actually HAVE any money.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Comical, he works through the week to pay his landlords mortgage, guess what plenty of other people do the same paying their own mortgage.
    Official MR B fan club,dont go............................
  • jonnygee2
    jonnygee2 Posts: 2,086 Forumite
    1,000 Posts Second Anniversary Name Dropper Combo Breaker
    You may want to live in an expensive area, but that doesn't mean you are entitled to do so if you cannot afford it.

    It shouldn't be an expensive area though, that's my point. It's one of the poorest boroughs in the whole country.
    Best to see if you can better yourself, then move back to London when you can afford it, as I did (first of all buying just a bedsitter in an inexpensive area).

    Thanks for your hugely patronising comment but actually I own a two bed in Shadwell, which I bought this year. But, I have a good job. But this is well out of the price range of most people here. It's been a tight knit, but poor, community for hundreds of years. Now you just want all the poor people to 'move out' and 'better themselves'?

    My grandparents lived here, so did my parents. My sister has three kids going to a school nearby (same school we went to), my brother and me need to help look after both the kids. My nan lives with my brother, god knows what she'd do if she had to leave the area. I don't really appreciate being told me and my family aren't 'entitled' to live here.

    I just think they should build more affordable houses in this area. There are plenty of developments, but they are all premium apartments.
    I come from a close-knit family

    No doubt you are from the privileged middle classes though, given you believe poor people should move out to make way for the rich, who are apparently 'entitled' to take over their communities.
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