Are second homes causing a shortage of housing for the rest of us?
One house only is surely enough?
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Original post by oldbatty
One house only is surely enough?
include: lack of new build housing for first time buyers, non-existent bank interest and investment rates, extremely low interest mortgages and interest only mortgages, pension rip-offs and the new cash access rules fuelling buy-to-let investors, uncontrolled immigration, international property speculators, unscrupulous estate agents,
The problem is houses have become a lucrative investment opportunity (both local and international) and not simply somewhere to live.
(edited 9 years ago)
Original post by oldbatty
One house only is surely enough?
Nope. I have a second home that I rent out as does my gf. We have three.
Two are pensions.
Original post by oldbatty
One house only is surely enough?
No, they are great for investment.
No, people living longer are causing a housing shortage. The previous generations have enjoyed the greatest rise in living standards in human history and still believe that having merely worked during this easiest of lives they have the right to cling to it and deny the next generations the perks they enjoyed.
Original post by Subedei
No, people living longer are causing a housing shortage. The previous generations have enjoyed the greatest rise in living standards in human history and still believe that having merely worked during this easiest of lives they have the right to cling to it and deny the next generations the perks they enjoyed.
Increased population size driven by immigration.
Changing social needs. People outing off getting married and wanting to live alone.
There's a whole host of reasons.
Original post by oldbatty
One house only is surely enough?
I'd say not, indeed the majority of second homes are let to tenants.
The biggest reason for the current housing shortage is the planning system which causes market failure because the constraints put upon the private sector mean that they can't build a sufficient number of houses. With around 400,000 births now this problem will be even worse in 30 years when those people want housing.
Inflation of the household credit supply is another factor (schemes like Help to Buy phase 2) because they increase demand at a price level which is higher than it would be without such market intervention reducing affordability.
There are specific localised problems with people buying up weekend homes in honeypot areas in places like Cornwall and snowdonia... It's driven the cost up so that people making the economy of the area tick can't live there.
The overall problem is not enough houses being built though. At the moment people living near a proposed housing development view it as a cost being imposed on them and are highly motivated to fight it through the planning system like a pack of nimbys. Ideally we need to make it look like a win-win.
The overall problem is not enough houses being built though. At the moment people living near a proposed housing development view it as a cost being imposed on them and are highly motivated to fight it through the planning system like a pack of nimbys. Ideally we need to make it look like a win-win.
Original post by MatureStudent36
Increased population size driven by immigration.
Changing social needs. People outing off getting married and wanting to live alone.
There's a whole host of reasons.
Changing social needs. People outing off getting married and wanting to live alone.
There's a whole host of reasons.
All of which are encompassed by the umbrella problem of longer life spans. Which was my point...
Original post by Subedei
All of which are encompassed by the umbrella problem of longer life spans. Which was my point...
Ok
Original post by oldbatty
One house only is surely enough?
That's what a socialist by the name of Michael Meacher said in his book. Turns out he owns a portfolio of properties.
(edited 9 years ago)
Original post by meenu89
That's what a socialist by the name of Michael Meacher said in book. Turns out he owns a portfolio of properties.
Do as I say. Not as I do.
I'm a socialist and I know better than you the electorate.
socialism can kiss my butt
if I want to buy a second house with my own money from my own work that's my own goddamn business. if we have housing shortages, lower immigration
if I want to buy a second house with my own money from my own work that's my own goddamn business. if we have housing shortages, lower immigration
Original post by MatureStudent36
Do as I say. Not as I do.
I'm a socialist and I know better than you the electorate.
I'm a socialist and I know better than you the electorate.
His book was called 'Socalism with a Human face'. Just in case the left wingers don't believe me, I'll link their bible. http://www.theguardian.com/uk/2001/jan/20/politics.labour
(edited 9 years ago)
Original post by meenu89
His book was called 'Socalism with a Human face'. Just in case the left wingers don't believe me, I'll link their bible. http://www.theguardian.com/uk/2001/jan/20/politics.labour
I wish I could say I was shocked.
Original post by sdotd
a few reasons lead to a housing shortage
immigration
people living longer
too many empty houses
immigration
people living longer
too many empty houses
I was just about to question that, but it seems there is an estimated 700,000 empty houses in the UK
Original post by DiddyDec
I was just about to question that, but it seems there is an estimated 700,000 empty houses in the UK
ISTR reading that tesco is a large owner of empty properties.
However, a good point made.
There was a problem last year that covered the amount of empty flats above high street shops.
Original post by Joinedup
At the moment people living near a proposed housing development view it as a cost being imposed on them and are highly motivated to fight it through the planning system like a pack of nimbys. Ideally we need to make it look like a win-win.
There are lots of legitimate reasons to oppose a housing development. In my village it's the lack of any "housing crisis" (the council can demonstrate that it has a 5 year housing supply), the possibility of flooding on some sites, problems with traffic and an already problematic drainage and sewage system. In other places it might be endangered species are present (e.g. Lodge hill and nightingales).
Nimbyism is supporting something in principle, but objecting if it happens somewhere near you for purely selfish reasons. It is not a catch all term for anyone who opposes a development for whatever reason. You simply cannot dismiss legitimate concerns as nimbyism.
Original post by RFowler
There are lots of legitimate reasons to oppose a housing development. In my village it's the lack of any "housing crisis" (the council can demonstrate that it has a 5 year housing supply), the possibility of flooding on some sites, problems with traffic and an already problematic drainage and sewage system. In other places it might be endangered species are present (e.g. Lodge hill and nightingales).
Nimbyism is supporting something in principle, but objecting if it happens somewhere near you for purely selfish reasons. It is not a catch all term for anyone who opposes a development for whatever reason. You simply cannot dismiss legitimate concerns as nimbyism.
Nimbyism is supporting something in principle, but objecting if it happens somewhere near you for purely selfish reasons. It is not a catch all term for anyone who opposes a development for whatever reason. You simply cannot dismiss legitimate concerns as nimbyism.
Yeah NIMBYs always seem to find legitimate concerns that suit their selfish ends.
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