Can you imagine the destruction in the UK if the property market crashed

James_Green_1982

triathlon wrote: »

What crash?

I have just been swimming training this evening and yet again I saw yet again another two camper/van conversions in the car park where they were being used to live in, becoming common these days.
House, flats are becoming a very rare and commodity these days with a waiting list for people to grab the chance to rent or buy one.

Never mind crash, we will be starting a new bull run before the start of 2020

Sorry, not sure what you mean.
Do you mean there will be a crash leading to a new bull market?
Or do you think prices will go up from here without any falls?

I just don't know where in the 'cycle' UK house prices are right now.
I don't think there is such a thing as 'The UK Property Market'.
Yes, you can find a graph of the average UK house priced in GBP - but what does that actually mean?
It will probably be skewed by London prices. The market has been altered by government intervention post 2008 (QE, HTB, ZIRP etc).
No one buys a 'UK' house. They buy a house, in a particular street. It's not like the FTSE 100 or Dow Jones, where you can buy an index tracker.

norsefox

AG47 wrote: »

A refugee camp has much larger population and less space, but it matters not how many want a property all that matters is many can afford said property

The little space argument is nonsense anyway, it's less than 5% used for properties of the U.K., the other 95% could still be built on

Japan has twice the population for around the same land as the uk

Japan doesn’t include the Scottish Highlands and the Outer Hebrides.

Japan’s population density is 336 people per sq km. South East England’s is 395.

Good luck repeating that in Ross-shire.

James_Green_1982

norsefox wrote: »

Japan doesn’t include the Scottish Highlands and the Outer Hebrides.

Japan’s population density is 336 people per sq km. South East England’s is 395.

Good luck repeating that in Ross-shire.

I think the whole 'population density' argument is a red herring - when it comes to UK housing stock.
The main issues are the demand for housing being concentrated in SE England, together with planning permission being vulnerable to local (NIMBY) objections.

There are housing estates in Scotland that have been demolished and turfed over - due to lack of demand for housing.

That's why I don't agree with the term ''housing crisis'' - because an intentional situation is not a ''crisis''. If I set my car on fire tonight, would I have a transport ''crisis'' getting to work tomorrow?

phillw

James_Green_1982 wrote: »

If I set my car on fire tonight, would I have a transport ''crisis'' getting to work tomorrow?

maybe?

crisis
noun
a time of intense difficulty or danger.
"the current economic crisis"
synonyms: catastrophe, calamity, cataclysm, emergency, disaster;

AG47

norsefox wrote: »

Japan doesn’t include the Scottish Highlands and the Outer Hebrides.

Japan’s population density is 336 people per sq km. South East England’s is 395.

Good luck repeating that in Ross-shire.

What are you smoking?

Japan is roughly the same land mass in square kilometres as the entire U.K. including Ireland. They are just different shapes.

Japan has roughly twice the population as the uk for about the same amount of land. Still if you fly over Japan it mostly looks like unused land.

This fact likes to be ignored by those who try to say we are a small island and running out of room:rotfl::rotfl::rotfl:

We could quadruple the amount of properties built and still fly over the uk and it would look mostly green unused land.

AG47

James_Green_1982 wrote: »

I think the whole 'population density' argument is a red herring - when it comes to UK housing stock.
The main issues are the demand for housing being concentrated in SE England, together with planning permission being vulnerable to local (NIMBY) objections.

There are housing estates in Scotland that have been demolished and turfed over - due to lack of demand for housing.

That's why I don't agree with the term ''housing crisis'' - because an intentional situation is not a ''crisis''. If I set my car on fire tonight, would I have a transport ''crisis'' getting to work tomorrow?

Yet still we are meant to believe there is a lack of housing or lack of land to build enough new properties to cope with all this demand:rotfl:

lisyloo

AG47 wrote: »

Yet still we are meant to believe there is a lack of housing or lack of land to build enough new properties to cope with all this demand:rotfl:

There’s a lack of affordable housing in places that people want/need to live.
Plenty of building of luxury apartments going on in central London but at absolute min of £400k for a tiny studio they are not affordable for ordinary families, bearing in mind the increase in population.

I don’t think this is lack of land because even in central London there is room for plenty of building of luxury apartments and offices. It’s a lack of political will to provide for the lower end and unfortunately letting the market sort it means we have people on the streets and people in camper vans/tents or sofa surfing.

AG47

lisyloo wrote: »

There’s a lack of affordable housing in places that people want/need to live.
Plenty of building of luxury apartments going on in central London but at absolute min of £400k for a tiny studio they are not affordable for ordinary families, bearing in mind the increase in population.

I don’t think this is lack of land because even in central London there is room for plenty of building of luxury apartments and offices. It’s a lack of political will to provide for the lower end and unfortunately letting the market sort it means we have people on the streets and people in camper vans/tents or sofa surfing.

Don’t worry brexit uncertainty and aftermath will be an equalising as rents and property fall for the next few years

lisyloo

AG47 wrote: »

Don’t worry brexit uncertainty and aftermath will be an equalising as rents and property fall for the next few years

When do you predict we’ll start to see negative figures?

Your last few predictions have been spectacularly wrong.

AG47

AG47 wrote: »

A refugee camp has much larger population and less space, but it matters not how many want a property all that matters is many can afford said property

The little space argument is nonsense anyway, it's less than 5% used for properties of the U.K., the other 95% could still be built on

Japan has twice the population for around the same land as the uk

This is the main point, that it doesn’t matter how many people want to live in a certain property, all that matters is who can raise the funds.