To be angry that this government has further shafted everyone bar homeowners

[Kitchendisco73]

The eviction ban ends and the prediction is that about a million people who rent will be in trouble and at risk of losing their home.

Alongside that, the government has also shafted anyone who is a first time buyer by creating a fake housing boom using help to buy and the stamp duty holiday as prices have risen so much, those who it was allegedly meant to help are priced out.

In Cornwall, I read there were 10,000 air Bnb properties but 62 for long term rent for local families.

www.theguardian.com/business/2021/jun/01/bank-of-england-monitors-uk-housing-boom-as-it-weighs-inflation-risk-dave-ramsden-covid

It’s entirely possible that there is a big housing crash coming too thanks to inflationary pressures.

Aibu to be angry- it’s just truly appalling and impossible for anyone (millions of people) who can’t get on the property ladder. Surely this madness has to end soon? You can’t just protect homeowners at the expense of everyone else. I am tired of the rampant inequality in this country.

I strongly suggest that people read up on the housing market and banking crisis of 2008. And by read up, I mean more than a skim of internet articles. It’s outrageous and disgraceful what those banks have gotten away with.

@TwoAndAnOnion you can't blame right fo buy still causing an issue 40 years later , plenty of time to recover from that and that was actually something that helped average people buy a house
It is totally the landlords that are the problem now, where I an ftb are up against landlords who offer cash , £170000 2 bed property then goes to a landlord who rents it out at £800 more than a mortgage and the ftb miss out.
I know ftb couple looking and everytime investors get a house they don't even get to manage a viewing half the time as full.
Ftb or people buying to live in should get to view first

My cousin lives in Jersey, where each house has a grade, a bit like your Council Tax level.This determines who can buy the house eg open market, essential worker, someone who has lived in Jersey for more than X years etc. I think we need something like that in parts of the UK

@vivainsomnia

You paint a totally unrealistic picture of potential homeownership, place the blame solely on people and their feckless life styles Not at all. You refer to a 80k flat. 2 people working FT will be able to borrow more than that. Are you saying there are no flats for 20k? My OH bought his first property, a flat, with a friend of his. That was the first step to being on the property ladder.

It really is possible for the vast majority of people who make buying a property their first priority in adulthood. However you turn it around, it is down to choice for most.

Nope, because society cannot flourish without large numbers of the low paid and they cannot afford to buy housing, regardless of their "choices" Who did society rely on during lockdown? accountants/lawyers or shop workers & carers?

Read again what i wrote about the 80k flat....

3 properties for sale in Redruth at 100k, 1500 waiting for social housing & for every ONE rental property that comes on the market in Truro 164 people apply....

On a wider point, if people did stop having children, who is going to look after you in your old age? become shop workers or build the houses we need?
Even Weatherspoon's can't get bar staff.

Your posts remind me of a CH4 program where a group of u30's debated with a grp of over 65's.
It ended with the older group chanting at the youngsters (complaining of housing) "we did it, we did it, we did it....." 'course you did because housing was v cheap, got free education/apprenticeships/jobs for life and you ended up with final salary pensions.

What about childcare costs, commuting cost and other costs of living?
Mmmm as said already, you buy before you have the kids. You would have childcare costs even if renting, except rent likely to be more than cost of mortgage so you are better off.

@Bluethrough you're twisting what I say to your convenience. You stick to 100k property when two people working FT should be able to get a bigger mortgage.

And of course you can have kids, just preferably after you got on the ladder and sticking to 2 will make it much more affordable too.

[quote worriedatthemoment]@TwoAndAnOnion you can't blame right fo buy still causing an issue 40 years later , plenty of time to recover from that and that was actually something that helped average people buy a house
It is totally the landlords that are the problem now, where I an ftb are up against landlords who offer cash , £170000 2 bed property then goes to a landlord who rents it out at £800 more than a mortgage and the ftb miss out.
I know ftb couple looking and everytime investors get a house they don't even get to manage a viewing half the time as full.
Ftb or people buying to live in should get to view first
[/quote]
What do you think created all those landlords you so deplore? They’re filling the gap that the right to buy social housing created. It might have been the only chance some people got to buy a house, so what? Owning a house isn’t the holy grail.

When you chuck a boulder in a pond, the ripples reverberate for a very long time. Right to buy is a major factor in today’s housing crisis, all those people who benefited from it are now seeing their children and grandchildren paying for it. I hope they think it’s worth it.

With all the money they're printing there will either be hyperinflation or a massive deflation. Houses tend to hold their value in relation to currency/resources which is why it's a sensible investment if you can get it and second homes are so popular.

That being said the difference between income and housing is ridiculous. It took the combined income of myself and my husband in our late 30s to even get a toe on the ladder. Second homes in tourist hot spots do kill communities and should be limited, go to aby coastal town in the winter and the place is like a ghost town. It's horrid

[quote worriedatthemoment]@TwoAndAnOnion you can't blame right fo buy still causing an issue 40 years later , plenty of time to recover from that and that was actually something that helped average people buy a house
It is totally the landlords that are the problem now, where I an ftb are up against landlords who offer cash , £170000 2 bed property then goes to a landlord who rents it out at £800 more than a mortgage and the ftb miss out.
I know ftb couple looking and everytime investors get a house they don't even get to manage a viewing half the time as full.
Ftb or people buying to live in should get to view first
[/quote]
Cash buyers are not a problem and are actually deflationary if the person they are buying the property from has a mortgage. The problem is people pushing up the prices with borrowed money.

[quote vivainsomnia]@Bluethrough you're twisting what I say to your convenience. You stick to 100k property when two people working FT should be able to get a bigger mortgage.

And of course you can have kids, just preferably after you got on the ladder and sticking to 2 will make it much more affordable too.[/quote]
@vivainsomnia I 'm sorry you feel like that, i have tried to reply to your opinions accurately.

Most areas of the UK do not have plenty of 100k houses or flats & in areas where there is cheaper property, BTL's snap them up and certainly not enough if only a small % of the low paid tried to buy them.

Plus whilst saving for a 10 or 15% deposit, they will have their wages eaten up by rent, council tax etc - a single bedroom flat in the southwest can easily cost 800 to 1000 per month, CT 190 p.m, so a substantial part of one wage has gone in just 2 bills!

I certainly do not disagree that some people make poor life choices but equally i do understand that many people have some very disastrous childhoods, so i try not too judge.

Cash buyers are not a problem and are actually deflationary if the person they are buying the property from has a mortgage. The problem is people pushing up the prices with borrowed money

From what i see, it is competition between cash buyers (BTL) that shove up prices, mortgage compnies are very careful who & how much they lend too.

And of course you can have kids, just preferably after you got on the ladder and sticking to 2 will make it much more affordable too.

So... women should not start families in their prime childbearing years in order to save thousands of pounds to get on the property ladder, all so that BTL landlords have somewhere to invest their money and rich people have a second home?

Profit and holidays are more important to a functioning society than women's fertility, the health of women during pregnancy, risks of defects and abnormalities in babies, and the life expectancy of said babies as adults.

Right.

What a time to be alive.

@Bluethrough

Cash buyers are not a problem and are actually deflationary if the person they are buying the property from has a mortgage. The problem is people pushing up the prices with borrowed money

From what i see, it is competition between cash buyers (BTL) that shove up prices, mortgage compnies are very careful who & how much they lend too.

Once the cash buyer has paid off someone's mortgage there is now less money in circulation for people to buy houses with. When a buyer borrows the money to purchase a property more money is created. More money in circulation will cause future increases to house prices. It is s borrowers that are causing the price increases.

So... women should not start families in their prime childbearing years in order to save thousands of pounds to get on the property ladder, all so that BTL landlords have somewhere to invest their money and rich people have a second home?

If people want to own a property so they have somewhere to live, the easiest time to do that is before they have children. Very few women are starting families in their prime child bearing years in any case.

If people want to own a property so they have somewhere to live, the easiest time to do that is before they have children. Very few women are starting families in their prime child bearing years in any case.

I agree, but I think rather than pushing women to wait until late thirties it should be easier to own a property in your early twenties.

Of course heaven forbid we ensure that everyone has a stable and affordable home.

Life doesn't always work out as planned.

Unexpected pregnancies happen. Contraception fails. Coerced rape.

Or care responsibilities for a disabled child or adult family member (meaning full time work isn't feasible).

And - where do those too disabled or ill to work live?

The answer (in a civilised - and stable - society) is social rented housing and/or like many countries on the continent, secure affordable private rentals.

Owning is nice but not a need.
A stable affordable home is.

*There isn't a housing shortage. there are 500,000 abandoned houses

Most are investment properties, they aren't abandoned and would you support compulsory purchase? who would pay for this?

Wouldn't it be better to just re introduce social housing?*

Genuine abandoned homes, not empty investmenr/2nd ones, as per the link.