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How will we afford houses in the future?

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Some quick simple steps to solve the housing crisis:
1. Make thread on TSR
2. Make petition to the Gov't
3. ????
4. Profit

Spoiler

Professional mortgage
Housing shortage is a result of regulation restriction building and development. Those laws will eventually be reformed, although probably not until the situation becomes very desperate.
London is overpriced imo where I live a big House costs way less than that
Original post by Foo.mp3
Afford? Houses? :laugh:


True, this is why you migrate to a country that isn't pretending to be a first rate power.
Original post by Ads.m
Go to LSE, become an investment banker, save up and buy a house. Revise for your GCSEs!

lol when first I saw that post I was like :eek:
and then I realised who it was
Original post by Foo.mp3
Not sure what link you're drawing here? The UK is forecast to leapfrog Germany and Japan in the in the next couple of decades, becoming the 4th largest economy in the world. The housing crisis is a major monopolistic market failure but, arguably, emblematic of the same Crony Capitalism, and light-touch regulation/legislation, that have made Anglo-America look like the success stories of the post-modern age (even if they do, in fact, have very sick balance sheets) :scrooge:


Lol who cares about the size of the economy, Norway, Germany, even with the migrant issues Sweden still poll higher in happiness, the thing that actually matters.
Original post by Foo.mp3
Afford? Houses? :laugh:


Ugh. This post is so true. Nice reality check lol.
Not live in London?
We won't, I'm going to decorate my own little bin bag :h:

You're all invited to my future house, I'll make tea!
Original post by HamzahPatel
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do


Anywhere except London
Original post by Observatory
Housing shortage is a result of regulation restriction building and development. Those laws will eventually be reformed, although probably not until the situation becomes very desperate.


Are they really? Everywhere I look they are building places to live.

In 2008 I moved into an area. I then moved away in 2011, already then they had added quite a few high rises. Came back again last year, the place is unrecognizable. Where before you could see the sky, there are multiple new high rises now.

My own personal experience, and just looking everywhere you can see they are building.

I also don't the myth of the green belt being the reason. There are plenty of cheap places outside you can go to, that are nowhere near being overcrowded.

It's just that everyone, and with that I mean everyone, the whole world, rich foreigners, wanting a property in London.
Reply 32
Original post by HamzahPatel
lol when first I saw that post I was like :eek:
and then I realised who it was


lool my g
Original post by HamzahPatel
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do


LOLOL-sorry but I dont know which part of London you are talking about, coz where I live in London-houses start £660,000! I would kinda be living my dream if I find out which part of London you are talking about,...
Original post by HamzahPatel
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do


NEVER
Original post by LostGirlOnTheRun
LOLOL-sorry but I dont know which part of London you are talking about, coz where I live in London-houses start £660,000! I would kinda be living my dream if I find out which part of London you are talking about,...


Houses on the outer boroughs of London start at £400k :redface:
Original post by LostGirlOnTheRun
LOLOL-sorry but I dont know which part of London you are talking about, coz where I live in London-houses start £660,000! I would kinda be living my dream if I find out which part of London you are talking about,...


Your parents must be at least decently well off. Chances are quite high that you will be too, then. So don't worry.
Original post by HamzahPatel
The average terraced house in London is £612,175! House prices rise much faster than wages and are becoming less and less affordable. Wtf will most of the next generation do


Become a pornstar. They earn like 100k a year

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Original post by brainhuman
Your parents must be at least decently well off. Chances are quite high that you will be too, then. So don't worry.


Yeh that's true-but it's nice to have savings and know that not all of it is going for that one thing...
Original post by brainhuman
Are they really? Everywhere I look they are building places to live.

In 2008 I moved into an area. I then moved away in 2011, already then they had added quite a few high rises. Came back again last year, the place is unrecognizable. Where before you could see the sky, there are multiple new high rises now.

My own personal experience, and just looking everywhere you can see they are building.

I also don't the myth of the green belt being the reason. There are plenty of cheap places outside you can go to, that are nowhere near being overcrowded.

It's just that everyone, and with that I mean everyone, the whole world, rich foreigners, wanting a property in London.

I lived in London for four years, basically in one room. I lived in what was built as a family home and then subdivided into eight one-room apartments.

It would have made more sense to have demolished the whole street and built an apartment block with thirty or forty apartments on the same footprint.

Can't do that, it's illegal.

Even where it's not strictly illegal, the cost of obtaining permits and sitting on capital waiting for permits exceeds the cost of actual work, and that cost is passed on to tenants.
(edited 7 years ago)

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