Man of Honour
Indeed, you cannot compare a country with nearly 2.5 times the land mass, the same population, and a totally different spread of where people live and work compared to the UK.
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Cornwall's broken housing market
- Thread starter FoxEye
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Caporegime
It also completely ignores the impact it would have on communities, people's mental health and separation from family/friends etc.
The Just Move Bro brigade never really think it through.
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Soldato
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My first house in Splott, Cardiff was £35k. That was around 3.5 times my salary as an admin officer.
The exact same house is now around £170k. That's around 6-7 times admin officer salary today.
This means it is exactly half as affordable.
The exact same house is now around £170k. That's around 6-7 times admin officer salary today.
This means it is exactly half as affordable.
Absolutely, I don’t see any entitlement in wanting to buy a home and start a family close to your own family and friends.
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Caporegime
To put it into perspective of ours vs say...somewhere i know.
In Hong Kong, all land are controlled by the government (even back when the British ruled it), you don't so much buy, you lease, and even though the old airport was demolished decades ago, most of it remains brown land and not used for residential building. This is because they don't want to "crash" the market by a sudden influx of new builds in a prime real estate location.
The cost of getting on the housing ladder there is 20x of someone's salary on average and not dissimilar to prime estates in London, except this the stock is even more limited and tightly controlled.
In Hong Kong, all land are controlled by the government (even back when the British ruled it), you don't so much buy, you lease, and even though the old airport was demolished decades ago, most of it remains brown land and not used for residential building. This is because they don't want to "crash" the market by a sudden influx of new builds in a prime real estate location.
The cost of getting on the housing ladder there is 20x of someone's salary on average and not dissimilar to prime estates in London, except this the stock is even more limited and tightly controlled.
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Soldato
Not to the same extent, but still crazy is the lake district..
It started 8 years ago, people snapping up bargains and renting out as holiday lets.. We lived there back in the mid 70s'/80s so have seen the crazy price spiral.
In 1982, my parents built some bungalows, some with 0.5 acres of land, some of the 1 acre.. they sold the one they lived in for £32k in 1983, it sold last year for £590k!
And more recently:
The 16th century cottage we rented in High Newton the owner paid £220 in 2016, it's now worth £580k+
The recently renovated bungalow that we stayed in (Cartmel, a small village that has an insane amount of holiday lets and I went to school in) was sold for £220k in 2020, and is now worth £520k three years later.. This is because Cartmel has had the full cornwall treatment, it has 2 michelin starred eateries (A restaurant and a brasserie), it has a race course / priory and is a tourist destination now, so it's been descended by the buy-2-let vultures..
a massive problem where i live ( near the coast ) is people from away buying 2nd or more homes just to rent them out all summer to tourists.
a good chunk of housing next to the beach is empty all winter while locals struggle to find any housing at all.
a good chunk of housing next to the beach is empty all winter while locals struggle to find any housing at all.
We have the same problem in coastal towns in Australia.
Soldato
No it’s largely the same. We had already done the place up prior. It’s not changed bar external paint etc. This is how it is in London mate, there are places where prices are like this and they have almost quadrupled in ten years. There is no amount of improvements they justifies it lmao.Thats impressive, clearly the house must have been improved some since then (costs to maintain etc. are reasonable in a price). Also put your price into an inflation calc as money has at least halved, maybe a third of its value start of 1980. I know my old house from that era was a similar price (2000) and it was normal, we had a staircase and everythingUk currency got destroyed in the 1970's into 80's with 30% inflation
The housing market in London is heavily manipulated ontop of just being broken in general lol.
It's interesting how a lot of the anti-London brigade will have zero sympathy for those wanting to live within the M25, yet seem to have more time for those suffering the same broken housing market in Cornwall or other touristy destinations. The reality is our housing market is broken, and the "just move" argument soon won't apply because there will be nowhere cheap to move to.
Soldato
Then again don't spoil my veiw with affordable housing, what do you mean I am part of the problem, how rude !
Soldato
Not only that but if everyone keeps moving further away we just push the price boundary further. So eventually those places we move to which were cheaper at the time, end up becoming expensive for the locals. Then people start leaving those towns and rinse repeat until there is no where people can go.
Idiots like the guy you replied to just seem to gloss over this fact. Moving further away to find cheaper property isn’t a sustainable solution to the problem lol.
Ugh, people are so thick.
We can’t build affordable housing in the UK. The tradesmen needed don’t exist.
Stop complaining
work from home and buy some property in Ukraine. Nice and cheap if you don't mind the chance of being hit by a missile 
It’s not just Cornwall. Almost all areas of Britain are unaffordable for people on average UK salaries. My house in south Manchester has gone up 55% in 4 years based on neighbours completed sales / lender valuations. That’s utterly crazy and really unnecessary. I’m never moving again so such an increase is just silly to me.
Associate
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I do strongly believe people shouldn't be able to buy places as holiday homes. Or if they do they have to be rented out.
By the way there are affordable places in Cornwall, but they are not the fashionable places. (also Cornish homes deal with Radon gas)
By the way there are affordable places in Cornwall, but they are not the fashionable places. (also Cornish homes deal with Radon gas)
Well, that's partly up to the local authorities to deal with, we're not building enough homes in the UK in general, it's not just outsiders opposing development in Cornwall, there are plenty of local NIMBYS there just as there are elsewhere and I gave various examples of this in the other thread.
I think in terms of national government involvement we really need to overhaul the UK planning system nationally and allow for a lot more housing development. Perhaps moving to a zoning system even instead of this convoluted process of everyone getting individual approval and subjective opinions of local planners which can completely go against policy and delay things for months before being overturned on appeal. The whole thing can get very farcical at present.
But also people need to be realistic, re: this for example:
Those places are ghettos because of locals, it's not like you've got a huge problem with Albanian crime gangs or a massive number of people from the Carribean moved there and now there are some Yardie gangs who get a bit stabby with each other.
The UK workforce is quite intransigent, as much as people might moan about how hard life is living on benefits there are still many people who are at least more content to stick with that option and live in council accommodation or on housing benefits in an unproductive area with few jobs available for them vs moving for work.
Even if you are in work and even if the government & local authority do address some of the acute housing issues through planning reform and more approvals of development you're still not necessarily going to find those desirable houses affordable for locals. Some of that is just the harsh reality of life, if the quaint fisherman's cottages by a picturesque harbour are now highly desirable then you can't realistically expect to afford one by working some random retail job or mundane 9-5 doing say basic admin/accounts or IT work as you're competing with others who can perhaps do better paid professional work remotely, or moved to the area after med school to work in the hospital etc.. or indeed who want a second home or holiday let.
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Man of Honour
The government here owns 25% of the housing stock in Vienna.
The government also controls (indirectly) another 25% of the housing stock via limited profit co-op schemes.
Buying a house here? You'd better have a big wedge of cash kicking about.
Soldato
My 1-bed semi in Stafford was built in 1992. I don't know the original price. 2nd owner bought it in 2000 for £32k. I'm the 3rd owner and bought it in 2006 for £70k. Rightmove says that similar houses on my street are going for £80k-£90k.
My parental home in rural Shropshire, again no idea on original price or what my parents paid. It sold in 1997 for £55k, again in 1998 for £72k (quite a jump for 1 year!) and again this year for £258k.
My parental home in rural Shropshire, again no idea on original price or what my parents paid. It sold in 1997 for £55k, again in 1998 for £72k (quite a jump for 1 year!) and again this year for £258k.
We're having this issue now. Though probably not as bad as Cornwall, Bristol seems to be going up and up and up.
Unless we have some rich relative pop their clogs we're likely going to be forced out of our area when we want to get a bigger house. We've been looking at what's available just over the bridge into Wales and the difference is disgusting.
Unless we have some rich relative pop their clogs we're likely going to be forced out of our area when we want to get a bigger house. We've been looking at what's available just over the bridge into Wales and the difference is disgusting.