Housing crisis solutions

ChroniC

ChroniC

ChroniC

Soldato
Joined
18 Oct 2002
Posts
10,385
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
 
Last edited:
Move elsewhere.

Can buy a three bed semi with good transport links, access to the national parks and beach near me for 120k.
 
You could say that's a solution. True I could move North, but it's a problem regardless. Your saying that, their allowed too, so I should buck up and deal with it, lose my whole life/family to buy no where near them or anyone I know. Screw me?
 
ChroniC said:
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.
Click to expand...


20k deposit doesn't seem to be a crisis and neither does house prices at 200k seems normal to me
 
If your not willing to move then you just have to suck it up. Try and earn more, rent or if you insist on buying then look at small flats. I agree its not ideal but its not going to change.
 
ChroniC said:
You could say that's a solution. True I could move North, but it's a problem regardless. Your saying that, their allowed too, so I should buck up and deal with it, lose my whole life/family to buy no where near them or anyone I know. Screw me?
Click to expand...

It potentially is a solution. If everyone wants to live in the same place at once then of course there will be an issue. See London for example!
There's also the argument over what gives everyone the expectation to own their own property?
 
But would my solution not solve the problem. I really don't think I'm being ungrateful to think that I should have the opportunities to buy with the wage I do make. Instead I struggle to save as I have to rent. I could afford the mortgage if the deposit wasn't so large due to the excess house prices from a shortage.
 
ChroniC said:
But would my solution not solve the problem. I really don't think I'm being ungrateful to think that I should have the opportunities to buy with the wage I do make. Instead I struggle to save as I have to rent. I could afford the mortgage if the deposit wasn't so large due to the excess house prices from a shortage.
Click to expand...

Shortages are localised though.

If people are buying the properties to rent out then there's clearly demand for them to do so.

I do get your points however, and I'm not sure I entirely disagree.
 
Find someone to share a property with,making it half the cost? Every every single individual owning a property to themselves is impossible.
 
I personally dont see why people that have the money should be stopped from buying as many properties as they like.
 
I agree with the OP to an extent. When you have a vital resource and demand constantly exceeds supply causing the price to rise then you implement rationing. It's the only viable solution.
 
scorza said:
I agree with the OP to an extent. When you have a vital resource and demand constantly exceeds supply causing the price to rise then you implement rationing. It's the only viable solution.
Click to expand...

But the resource is still there, and available, you just rent instead of buy. It still serves its purpose.
 
Lokai said:
I personally dont see why people that have the money should be stopped from buying as many properties as they like.
Click to expand...

Because they are forcing the prices up and thus cause the first time buyers from buying. Which in instead leads to them being richer and families and people like me from being unable to buy.

Would you be happy if there was lots of food but the rich bought it all, stored it and allowed you to buy it at huge prices?
 
Last edited:
Lokai said:
I personally dont see why people that have the money should be stopped from buying as many properties as they like.
Click to expand...

Because this is homes, not Haribo. People need places to live. Renting just isn't viable long term as it stands, rent rises faster than wages and pensions. At least when you buy, once the mortgage is paid you always have a roof over your head.
 
We live in a capitalist society.

Leave your morals at the door, screw people over, make a lot of unjust money, buy an expensive house.

Or just knock someone up, go on Jeremy Kyle because they will give you a house for free then.... ;)
 
You must log in or register to reply here.
Back
Top Bottom