Huge infrastructure projects coming, but zero housing, you had better buy now if that's your dream

Herzlos

Thrugelmir said:

Herzlos said:

homeless9 said:

Yes, older homes/apartments that I can afford are generally small and need updating. The more acceptable older builds are out of my price range.

Newer builds interest me more as they are much more presentable outside and in and I can afford something I like via the Help To Buy Equity loan. My complaint is that they are not building any of the types of properties that I would buy and could afford to buy. Any new build apartment is either ridiculously expensive or given to the council to rent out.

Is it too much to ask for even just one modest new build apartment to be built and sold on the open market.

I just see old people's homes, council housing and high end luxury being built, where are the properties for people trying to get on the property ladder?

homes for the dying
homes for the rich
homes for the poor

no homes ideal for the first time buyer...

ok there are some shared ownership properties, but it's better to avoid this scheme if you can.

It's bizarre though, the government could easily build all the housing we need and draw a profit off it through rent. That's just a bit communist though.

How does the Government easily build all the houses that we need?  Governments aren't house builders. 

They'd contract house builders in exactly the same way I'd contract house builders to build a house.

No-one in Westminster is doing any of the actual labour for HS2, are they?

There should be plenty of money in building and renting out smallish blocks of affordable housing, since the cheaper housing usually has the better yields. I'm not actually sure why landlords aren't going down that route rather than just buying whatever comes up on the market.

Thrugelmir

Herzlos said:

Thrugelmir said:

Herzlos said:

homeless9 said:

Yes, older homes/apartments that I can afford are generally small and need updating. The more acceptable older builds are out of my price range.

Newer builds interest me more as they are much more presentable outside and in and I can afford something I like via the Help To Buy Equity loan. My complaint is that they are not building any of the types of properties that I would buy and could afford to buy. Any new build apartment is either ridiculously expensive or given to the council to rent out.

Is it too much to ask for even just one modest new build apartment to be built and sold on the open market.

I just see old people's homes, council housing and high end luxury being built, where are the properties for people trying to get on the property ladder?

homes for the dying
homes for the rich
homes for the poor

no homes ideal for the first time buyer...

ok there are some shared ownership properties, but it's better to avoid this scheme if you can.

It's bizarre though, the government could easily build all the housing we need and draw a profit off it through rent. That's just a bit communist though.

How does the Government easily build all the houses that we need?  Governments aren't house builders. 

They'd contract house builders in exactly the same way I'd contract house builders to build a house.

No-one in Westminster is doing any of the actual labour for HS2, are they?

Though the timescale for HS2 should put matters into a realistic perspective. 

zagubov

Singapore isn't communist but did intervene back in the 60s when the housing market became like a cartel and now its government is the main housing provider there.