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#81 | |
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*rubs hands some more* ![]() |
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#82 | |
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In order to sort the situation out, however, there need to be more houses on the market, which making it un-economic to own loads of houses is one way of doing this.
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#83 |
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And the fact the housing benefit was so substantial that it made it worth buying cheap properties on buy-to-let to sit on a DSS goldmine. All this did was price out first time buyers, falsely inflating the market. A crappy house now easily costs over £100k.
I work full time in a good career, and rent a small room in a crappy area of Cardiff. It's nearly 40% of my income, and no one around me works. They're all unemployed, always decorating, and next door (single bloke, no kids) has just build an extension! They're in the street drinking, there's always crime, there seems to be more plasma screens on display than dixons! Is it even worth working?! |
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#84 | |
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#85 |
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#86 | |
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Something needs to be done to reset the cost of housing so that people earning less than say £30k can afford to buy and to stop the wholesale gobbling up of property by investors who dont actually want to live in them. Yes its going to be painful to some who are blameless, but anyone who bought in the last 5 years should have seen this coming - its why I didnt. If a house costs £60k to rebuild if it falls down - why should it sell for 5 times that? Greed got many people into this, and I hope they get what they deserve. Especially Shared Ownership schemes where the "tennant" (wont call them owners - they are just renting with HUGE deposits) have the right to buy at market value at any time - they could be the ones to benefit this time round.
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#87 | |
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Abolish stamp duty and build more houses.
House prices were artificially inflated by unrealistic borrowing. That's now come to an end. Leave things be and everything will settle down and find a natural level. Quote:
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#88 | |
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All that will happen is that the houses built will be shared ownership so that the value of the property is unaffected, but people will not actually own anything. Also are these new houses going to spring up from no-where overnight, this situation has been brewing for 5 years plus, and look no new tracts of new homes, due to developers knowing a good thing when they see it and NIMBYism from the people who already have houses but dont want more built near them. There are more than enough homes in the UK already for those that want to buy IF there was less Buy-to-Let "Investors". It seems to me that regulation of THAT sector to the point where people had to get out would hurt the fewest people in the long run, and is technically affecting businesses (which is what Buy-to-let is) rather than people. As for the sour grapes comment - why make things personal? I am simply giving my viewpoint from the view of someone who looked at the situation and made a decision to not get involved.
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#89 |
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From what I've seen the housing market hasn't depressed that much yet (in terms of purchase numbers, yes, but in price terms not so much, since people are refusing to budge on price?), I suppose it will settle down to a sustainable level at some point (it has to), but it sounds like the argument of 'do nothing' vs 'make multiple ownership hard' determines how we get there?
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#90 | |
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Because the price of the land upon which it's built is far greater than the price of the house itself. There's a major shortage of land for building, especially in the South East. Large property developers have bought most of the available building land and are sitting on it. Most of the other land is greenbelt or farmland and you can't get planning permission on it (quite rightly IMO). I looked into self-build a while ago and getting a plot of land that's got a chance of getting planning permission is nearly impossible, without buying an existing house and demolishing. |
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