unbeliever Posted February 8, 2017 Share Posted February 8, 2017 (edited) I know the Tories are fueling it and keeping it going, did Labour fan the flames? I don't know why you ask this. Just look at what happened to house prices between 1997 and 2008. All this help to buy should be ditched, not sure if it was renewed in the same way? Just make sure that there is land available, even greenbelt. I agree about the green belt. I don't think help to buy makes much difference and it is a useful stopgap. Edited February 8, 2017 by unbeliever Link to comment Share on other sites More sharing options...
Penistone999 Posted February 8, 2017 Share Posted February 8, 2017 Who actually benefits from rising house prices? The Estate Agents and Solicitors, people who have been able to sit on empty properties without having to pay any council tax Developers who buy up cheaper properties and tart them up for resale at vastly inflated prices to young impressionables with no real knowledge of what to look for in a property. Landlords do. House prices rise, less people can afford to buy, so higher demand for rental properties , meaning higher rents . Happy Days . Link to comment Share on other sites More sharing options...
Berberis Posted February 9, 2017 Share Posted February 9, 2017 I know the Tories are fueling it and keeping it going, did Labour fan the flames? All this help to buy should be ditched, not sure if it was renewed in the same way? Just make sure that there is land available, even greenbelt. Help to buy only goes a small distance in making the market fair for first time buyers. Most home owners bought homes when the average house prince was 2-3 times less compared to average earnings than it is today. Link to comment Share on other sites More sharing options...
El Cid Posted February 9, 2017 Author Share Posted February 9, 2017 Help to buy only goes a small distance in making the market fair for first time buyers. Most home owners bought homes when the average house prince was 2-3 times less compared to average earnings than it is today. But the help to buy keeps the rises going, house prices will correct themselves when the time is right. Government interference is keeping prices high. Within 5 years interest rates will increase, will those with a mortgage be ok with that. Link to comment Share on other sites More sharing options...
tinfoilhat Posted February 9, 2017 Share Posted February 9, 2017 But the help to buy keeps the rises going, house prices will correct themselves when the time is right. Government interference is keeping prices high. Within 5 years interest rates will increase, will those with a mortgage be ok with that. There will be plenty, certainly in the south east who will be mortgaged up to the hilt. A rise in interest rates will cause people to lose their homes. Up to the latest government initiatives there's been sod all done to cap prices and they've gone up and up. Too many people, not enough houses. Link to comment Share on other sites More sharing options...
El Cid Posted February 9, 2017 Author Share Posted February 9, 2017 Up to the latest government initiatives there's been sod all done to cap prices and they've gone up and up. Too many people, not enough houses. Prices will always be affected by supply and demand, that is the part that Government should be involved in, to allow builders to build more, without building more we should be reducing immigration. Link to comment Share on other sites More sharing options...
sgtkate Posted February 9, 2017 Share Posted February 9, 2017 There will be plenty, certainly in the south east who will be mortgaged up to the hilt. A rise in interest rates will cause people to lose their homes. Up to the latest government initiatives there's been sod all done to cap prices and they've gone up and up. Too many people, not enough houses. Yes exactly. Why the government are fiddling at the edges when they should simply encourage house building and SELLING of those new builds rather than the fairly useless help to buy schemes. Tax breaks, loss insurance, guaranteed minimum pricing etc would all get companies building and selling. It's not just the building that's the problem, there are plenty of newly built houses that are now sitting empty whilst the developers wait for price to rise. This should not be allowed. Stick and carrot. Offer advantages to builders who sell quickly, and massive penalties including compulsory purchase at unfavourable rates to those who tried to hoard. Link to comment Share on other sites More sharing options...
unbeliever Posted February 9, 2017 Share Posted February 9, 2017 Prices will always be affected by supply and demand, that is the part that Government should be involved in, to allow builders to build more, without building more we should be reducing immigration. Net migration is 300,000 per year which suggests that we need maybe 100,000 homes per year for the migrants. We want and need a lot of these migrants so don't expect that number to come down all that much. The government target (which is probably low anyway) is more than twice that. So less than half of the expansion is coming from migration (much of which we'll be keeping anyway). Link to comment Share on other sites More sharing options...
El Cid Posted February 9, 2017 Author Share Posted February 9, 2017 Net migration is 300,000 per year which suggests that we need maybe 100,000 homes per year for the migrants. We want and need a lot of these migrants so don't expect that number to come down all that much. The government target (which is probably low anyway) is more than twice that. So less than half of the expansion is coming from migration (much of which we'll be keeping anyway). Employers may want immigrants, most ordinary workers do not. Link to comment Share on other sites More sharing options...
unbeliever Posted February 9, 2017 Share Posted February 9, 2017 Employers may want immigrants, most ordinary workers do not. It's nowhere near that simple. You might not like to compete with lower-skilled immigrants for work, but I guarantee you like a lot of the tax revenue they generate and the services they provide. Link to comment Share on other sites More sharing options...
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