I am one of the very unfortunate people in their thirties struggling to get onto the property ladder. Where I live, properties are a minimum of 180-250 with deposits necessary in excess of 20k.
I have noticed a trend that I think it part of the cause and my idea of a solution.
Having brothers in their 40s and 50s, they were lucky enough to buy properties for 50 to 100k. Having met women who then sold or rented out their properties, they were soon able to remortgage and buy more.
This is causing imo, house price rises through housing shortages. I believe without any actual evidence but my own experiences , that the upper middle class are the cause.
My idea is a ban on property allowances. 2 homes max without a good reason.
I appreciate being forced to sell properties would crash the market and destroy the whole system, so a ten year timescale or something along that lines.
I only see it allowing those with excess to still have money from the sale, but not cause others to be unfortunate from the shortage.
Around my area they keep building houses. None of them go on the market for less that 200k and they are poorly built, wood and brick skin buildings with small gardens. Worst thing is they all get rented out by people who remortgage and buy them. No one who is trying to get on the ladder can afford them.
/rant
I have noticed a trend that I think it part of the cause and my idea of a solution.
Having brothers in their 40s and 50s, they were lucky enough to buy properties for 50 to 100k. Having met women who then sold or rented out their properties, they were soon able to remortgage and buy more.
This is causing imo, house price rises through housing shortages. I believe without any actual evidence but my own experiences , that the upper middle class are the cause.
My idea is a ban on property allowances. 2 homes max without a good reason.
I appreciate being forced to sell properties would crash the market and destroy the whole system, so a ten year timescale or something along that lines.
I only see it allowing those with excess to still have money from the sale, but not cause others to be unfortunate from the shortage.
Around my area they keep building houses. None of them go on the market for less that 200k and they are poorly built, wood and brick skin buildings with small gardens. Worst thing is they all get rented out by people who remortgage and buy them. No one who is trying to get on the ladder can afford them.
/rant
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