And boomers wonder why millennials are bitter towards them..

[BongoHunter]

Absolutely terrible idea. Holds property prices at bubble levels or increases them. Instead of, you know, letting them find the actual level where people can afford them and the market volume is at decent levels.

Yeah I agree. Like others said. I guess they are doing everything to prop it up

It's a roundabout way of increasing UK wealth - as housing makes up a crazy high percentage of the balance sheets for UK banks.

If we get a house price 'correction' it will have to go hand in hand with a UK banking crisis.

 

[Lord-Jaffa]

It's a roundabout way of increasing UK wealth - as housing makes up a crazy high percentage of the balance sheets for UK banks.

If we get a house price 'correction' it will have to go hand in hand with a UK banking crisis.

Or get the interest rates rising again, I'm sure 6% will correct the market in a month or so.

 

[BongoHunter]

Or get the interest rates rising again, I'm sure 6% will correct the market in a month or so.

They can't afford it, and it makes sense to have a low base rate when trying to stimulate the economy

 

[Scam]

Indeed, it's only really an issue for first time buyers. Once you're on the ladder, you're not really gaining anything by increase in property value - until the point where you downsize or exit the market completely.

Makes you wonder why if you stopped the average Joe in the street they'd believe house prices going up is a good thing... The mind boggles...

 

[413x]

Makes you wonder why if you stopped the average Joe in the street they'd believe house prices going up is a good thing... The mind boggles...

Because anyone in the early stages of ownership gets screwed.

 

[Eurofighter]

Makes you wonder why if you stopped the average Joe in the street they'd believe house prices going up is a good thing... The mind boggles...

Because quite often when house prices go up an area improves perhaps.

 

[touch]

Makes you wonder why if you stopped the average Joe in the street they'd believe house prices going up is a good thing... The mind boggles...

Because if they're not going up then they're going down and that could be a problem for average Joe.

 

[Scam]

Because if they're not going up then they're going down and that could be a problem for average Joe.

"Could be" yes... Anything else you buy on this green earth, it depreciates.. For most people their house dropping in value wouldn't affect them in the slightest.

 

[FoxEye]

It is very much an experiment.

What happens when 100% mortgages are the only game in town and average house price is 15-25x your income?

Guess we'll find out soon enough

 

[Mr Badger]

It is very much an experiment.

What happens when 100% mortgages are the only game in town and average house price is 15-25x your income?

Guess we'll find out soon enough

Remember, you can never have too much debt.

 

[stockhausen]

Up to 30,000 affordable houses to be scrapped under Tory planning reforms. (LINK)

It's those awful Boomers voting for the Laissez-faire Tories, innit?

 

[413x]

It is very much an experiment.

What happens when 100% mortgages are the only game in town and average house price is 15-25x your income?

Guess we'll find out soon enough

I mean maybe that's the answer
0.0001 percent interest mortgages with 1000 year length! At least you wouldn't be paying a land lord!

House prices have to stop going up eventually.
Our population will start declining soon.

 

[2Thumbs]

I've owned my place for 4 years and its value has increased £15k or so over what I paid for it. But that doesn't mean I'll be £15k better off when I sell it.

For one you have estate agent and solicitor fees which can be in the £3-5k range when factoring in the whole process of being in a chain. And that doesn't include the cost of physically moving all your possessions. Secondly buying another house in the same area would have increased in value at a similar percentage, so I'd actually be worse off monetarily speaking.

 

[Lord-Jaffa]

It's those awful Boomers voting for the Laissez-faire Tories, innit?

LOLStockhausen

 

[Haggisman]

I've owned my place for 4 years and its value has increased £15k or so over what I paid for it. But that doesn't mean I'll be £15k better off when I sell it.

For one you have estate agent and solicitor fees which can be in the £3-5k range when factoring in the whole process of being in a chain. And that doesn't include the cost of physically moving all your possessions. Secondly buying another house in the same area would have increased in value at a similar percentage, so I'd actually be worse off monetarily speaking.

I'd prefer the prices stayed the same to be honest. My salary has doubled since I bought this place, but even though the value of my house has increased, anywhere I'd want to move to has also increased, and by more!

 

[Derek W]

LOLStockhausen

Shouldn't that be LOLhousingstock?

 

[413x]

I'd prefer the prices stayed the same to be honest. My salary has doubled since I bought this place, but even though the value of my house has increased, anywhere I'd want to move to has also increased, and by more!

As a new home owner I'd also like houses to stay flat in value.
Just take anything extra in tax.

It stops ridiculous property price gains
It allows people looking to get on a stable goal post
People would be buying as a home not an investment

 

[Rofflay]

I believe affordable housing is a myth, It will not happen as that is how the upper class makes money. Too many renters if they cared or were serious this would happen.




1
Ban foreign ownership of homes, Or homes than are for let simply make it illegal to own a house that you do not live in for 300 days of the year and you must be a UK citizen.


2
Cap home ownership to one property per couple and no passing it into the kids early before 65 to make it so you can buy another or you pay a large levy fee of 20%. Inheritance after natural death will be zero fee.


3
Have a British home that is standardized and plans fir this are available online to download. This will bypass the architect and save some money. It also should cut build costs because every brick and bolt and bit of wood is standardized and the same size this is a well proven way of reducing costs in all types of manufacturing. It would simply be called the UK house.


4
Get rid of as many leeches in the chain who use houses as a job creator. So surveyors, Architects, Planning permission cut as many people out as possible to save money. And make linkups to the electric grid universally free but water optional for types who want to further cut fee and recycle water etc.


5
Do something about people who get £200 a day to plaster the walls of homes. Can it be fair that they get so much more than say a binman? Where is the morality in letting these people take massive chunks out of the housebuild cost when thier job is not any more inportant than trash collection.


6
Finally if there are any other fees on builds like taxes etc simply remove them i am sure people can brainstorm even more but i suspect the cost of land also needs looked at in the same way. I guarantee if all the above were implemented we would see a massive home sell off and supply and demand easing costs but the UK home would be a low cost revolution and get many people into thier own home. But as i said originally it will not happen because this us how politicians will invest thier money. The whole system is broke and corrupt.

 

[Derek W]

I believe affordable housing is a myth, It will not happen as that is how the upper class makes money. Too many renters if they cared or were serious this would happen.




1
Ban foreign ownership of homes, Or homes than are for let simply make it illegal to own a house that you do not live in for 300 days of the year and you must be a UK citizen.


2
Cap home ownership to one property per couple and no passing it into the kids early before 65 to make it so you can buy another or you pay a large levy fee of 20%. Inheritance after natural death will be zero fee.


3
Have a British home that is standardized and plans fir this are available online to download. This will bypass the architect and save some money. It also should cut build costs because every brick and bolt and bit of wood is standardized and the same size this is a well proven way of reducing costs in all types of manufacturing. It would simply be called the UK house.


4
Get rid of as many leeches in the chain who use houses as a job creator. So surveyors, Architects, Planning permission cut as many people out as possible to save money. And make linkups to the electric grid universally free but water optional for types who want to further cut fee and recycle water etc.


5
Do something about people who get £200 a day to plaster the walls of homes. Can it be fair that they get so much more than say a binman? Where is the morality in letting these people take massive chunks out of the housebuild cost when thier job is not any more inportant than trash collection.


6
Finally if there are any other fees on builds like taxes etc simply remove them i am sure people can brainstorm even more but i suspect the cost of land also needs looked at in the same way. I guarantee if all the above were implemented we would see a massive home sell off and supply and demand easing costs but the UK home would be a low cost revolution and get many people into thier own home. But as i said originally it will not happen because this us how politicians will invest thier money. The whole system is broke and corrupt.

Well that's twaddle.

 

[Lopéz]

I'm so glad I don't live under your communist regime.

I believe affordable housing is a myth, It will not happen as that is how the upper class makes money. Too many renters if they cared or were serious this would happen.
1
Ban foreign ownership of homes, Or homes than are for let simply make it illegal to own a house that you do not live in for 300 days of the year and you must be a UK citizen.

What justification would there be for this? Do any other nations have such draconian measures on house ownership?

2
Cap home ownership to one property per couple and no passing it into the kids early before 65 to make it so you can buy another or you pay a large levy fee of 20%. Inheritance after natural death will be zero fee.

Again, I cannot see a justification for this. It sounds like China's "One Child" policy....

3
Have a British home that is standardized and plans fir this are available online to download. This will bypass the architect and save some money. It also should cut build costs because every brick and bolt and bit of wood is standardized and the same size this is a well proven way of reducing costs in all types of manufacturing. It would simply be called the UK house.

I'm not even sure where to start with this. How many people is this UK House suitable for? If I have a large family do I need two? I hope not, because that's illegal under your second point.

4
Get rid of as many leeches in the chain who use houses as a job creator. So surveyors, Architects, Planning permission cut as many people out as possible to save money. And make linkups to the electric grid universally free but water optional for types who want to further cut fee and recycle water etc.

Without surveyors and architects, who is going to design things? What about commercial buildings? What happens if a UK House (TM) deteriorates and someone buys it just before it collapses in two without a surveyor to point it out?

5
Do something about people who get £200 a day to plaster the walls of homes. Can it be fair that they get so much more than say a binman? Where is the morality in letting these people take massive chunks out of the housebuild cost when thier job is not any more inportant than trash collection.

Plastering requires a great degree of practice and skill, and picking up a rubbish bin doesn't.

6
Finally if there are any other fees on builds like taxes etc simply remove them i am sure people can brainstorm even more but i suspect the cost of land also needs looked at in the same way. I guarantee if all the above were implemented we would see a massive home sell off and supply and demand easing costs but the UK home would be a low cost revolution and get many people into thier own home. But as i said originally it will not happen because this us how politicians will invest thier money. The whole system is broke and corrupt.

Honestly, you have to be off your rocker to think even 5% of your proposals have any root in reality. If you didn't have 5000-odd posts I'd think you were a random troll.