Housing crisis solutions

ChroniC · 31 Jul 2016 at 21:27

fendi said:
houses shouldn't cost what they do, that is the problem. down my road there is a house for sale for £950k. one recently went for £975k. in 1982 houses here went for £40k.

50k combined salary should be able to afford something anywhere in the country. but it doesn't, that's the problem. it's a shame interest rates don't go up by 10%, that would help fix the problem.

the people saying earn more are just idiots to be fair.

Thank you. I appreciate that I am not the best with saving. My misses has more than me, but I want to live rather than die saving. What I have issue with is they reason I am forced to be that way.

What agreviates me even more is that, there are two new housing Estates near me. All the houses on them start at 250 and go to excess of 570ish. Madness.
They have been all bought by people who are old or renting them out.

phil675 · 31 Jul 2016 at 21:29

ChroniC said:
I want to live rather than die saving.

You need to make sacrifices to get what you want that's how it works.

Lokai · 31 Jul 2016 at 21:29

fendi said:
the people saying earn more are just idiots to be fair.

He earns enough to get on the ladder. He just isnt happy with the bottom rung. Which is the problem with a lot of people.

ChroniC · 31 Jul 2016 at 21:30

phil675 said:
You need to make sacrifices to get what you want that's how it works.

But it didn't. Your just used too the problem. Older members of my family bought large 2 bed flats on 16k salaries back in the 90s, houses for 80k on 25ka salaries.
Sadly for me and others I don't think salaries of individuals have gone up anywhere near as fast as mortgages, because of shortage.
Solve shortage by imposing a quota allowance. Sinple

Jono8 · 31 Jul 2016 at 21:31

Lokai said:
He earns enough to get on the ladder. He just isnt happy with the bottom rung. Which is the problem with a lot of people.

Ironically, if people like the OP (and from experince within my own circle, i fear there are a lot) would actually just get on with and buy these places, they wouldnt all be swallowed up by rich buy to let landlords

Kenai · 31 Jul 2016 at 21:33

Lokai said:
He earns enough to get on the ladder. He just isnt happy with the bottom rung. Which is the problem with a lot of people.

Combined salary of 50k, just to be able to afford a council flat and be surrounded by social housing tenants.

I'd wager not many people would be happy with that.

phil675 · 31 Jul 2016 at 21:34

ChroniC said:
But it didn't. Your just used too the problem. Older members of my family bought large 2 bed flats on 16k salaries back in the 90s.

Maybe so but it's a different time. Instead of focusing on what other people have look at what you can take charge of yourself.

ChroniC · 31 Jul 2016 at 21:35

Jono8 said:
Ironically, if people like the OP (and from experince within my own circle, i fear there are a lot) would actually just get on with and buy these places, they wouldnt all be swallowed up by rich buy to let landlords

Haha. As if the prices goes up regardless because these rich have more. The bar gets risen as the seller can demand more. It's very simply supply and demand and the older richer are able to have massive credit lines with their huge over the top house prices as collateral.

Hades · 31 Jul 2016 at 21:35

phil675 said:
You need to make sacrifices to get what you want that's how it works.

ChroniC said:
But it didn't. Your just used too the problem. Older members of my family bought large 2 bed flats on 16k salaries back in the 90s, houses for 80k on 25ka salaries.
Sadly for me and others I don't think salaries of individuals have gone up anywhere near as fast as mortgages, because of shortage.
Solve shortage by imposing a quota allowance. Sinple

Are you saying that people of my generation (I am probably older than you) and my parents generation didn't have to make sacrifices?

Also if you impose a quota system then people will just work out a way round it (fronting or wrapping within a company).

ChroniC · 31 Jul 2016 at 21:36

phil675 said:
Maybe so but it's a different time. Instead of focusing on what other people have look at what you can take charge of yourself.

No. That's the issue. The problem needs solving not hiding. I should not lose quality of life to pave over the Cracks

Tefal · 31 Jul 2016 at 21:37

bayo000 said:
That won't help you. Stopping immigration will not solve the problem. As can already be seen post referendum. Developers will just stop building new houses to keep prices high.

Only way to solve it, is for government to invest and build loads of houses. But they won't do it as too much of UK economy is dependent on high property value.

Perhaps make it so that land sold for residential purposes must be built on within X years, and can only be sold y times (to prevent them coluding to play pass the land parcel)

So say land must be built on withing 5 years of purchase and can only be sold on 3 times before it becomes state property.

That way it forced the land price down each sale and makes it more likley to be developed

Haggisman · 31 Jul 2016 at 21:37

fendi said:
50k combined salary should be able to afford something anywhere in the country. but it doesn't, that's the problem. it's a shame interest rates don't go up by 10%, that would help fix the problem.

So what do you do when a lot of people want to live in the same place and there aren't enough houses for them all? (E.g. London). The only way to "solve" it would be to make it first come first served and artificially set a limit that people are allowed to sell their houses for, otherwise it's always going to come down to the highest bidder

ChroniC · 31 Jul 2016 at 21:37

Hades said:
Are you saying that people of my generation (I am probably older than you) and my parents generation didn't have to make sacrifices?

Also if you impose a quota system then people will just work out a way round it (fronting or wrapping within a company).

Not remotely as large as today. Yes.

Lokai · 31 Jul 2016 at 21:38

Kenai said:
Combined salary of 50k, just to be able to afford a council flat and be surrounded by social housing tenants.

I'd wager not many people would be happy with that.

We have a combined salary of around 70k and are surrounded by plenty of social housing tenants. Its the sacrifice we have had to make to get on the ladder.

Kenai · 31 Jul 2016 at 21:39

Hades said:
Are you saying that people of my generation (I am probably older than you) and my parents generation didn't have to make sacrifices?

Probably not on the scale of those buying now, no.

My parents, whilst no doubt making sacrifices, each had a 2 bed house by 25 on unskilled work.

I'll be lucky to get near that sort of buying power before 30 and that's in skilled work with professional qualifications, earning above average salary.

Even if my sacrifice amounted to not eating and sleeping rough, I don't think I'd have come close to the buying power my parents had in their day.

flowrider99 · 31 Jul 2016 at 21:40

ChroniC said:
But it didn't. Your just used too the problem. Older members of my family bought large 2 bed flats on 16k salaries back in the 90s, houses for 80k on 25ka salaries.
Sadly for me and others I don't think salaries of individuals have gone up anywhere near as fast as mortgages, because of shortage.
Solve shortage by imposing a quota allowance. Sinple

We all made sacrifices to get on the property ladder, and you will have to as well. Justs sounds like you want it all and you want it now.

Kenai · 31 Jul 2016 at 21:41

Lokai said:
We have a combined salary of around 70k and are surrounded by plenty of social housing tenants. Its the sacrifice we have had to make to get on the ladder.

At least you're happy though, not everyone will be happy earning well over national average, just to be able to buy something that other people get for free.

Spook187 · 31 Jul 2016 at 21:41

Hang one why was my comment deleted, it was a fair enough reply.

ChroniC · 31 Jul 2016 at 21:42

Not at all. I just want to have the options available that were available to the very people who are causing me to be as you say "ungrateful"

Jono8 · 31 Jul 2016 at 21:42

Hades said:
Are you saying that people of my generation (I am probably older than you) and my parents generation didn't have to make sacrifices?

Also if you impose a quota system then people will just work out a way round it (fronting or wrapping within a company).

Sounds like he thinks everyone before him in human history had a brilliant quality of life, never had to make sacrifices and got given a nice house and land of their own.

The housing situation in this country is not wonderful at the moment,no, but compared to the course of human history, we have never had it so good.