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.

@Kitchendisco73 my point is, not everything is down to government policy.

A crash or steady downward turn will have catastrophic financial consequences.

you are just wheeling out all the classic lines like move somewhere cheaper, there’s a housing shortage etc. None of it is true.

Oh really? So it’s not true that if a doctor or a teacher moves to a cheaper area they can buy?

Pull the other one. If you live in an expensive area, or even one you simply can’t afford to buy in, but you want to buy a house... your only option is to move.

Forestiere that is a really interesting angle and not one I had considered.

I bought my first home in 2005 for £90,000 and it had cost £37,000 just a few years previously: I suppose it is happening again. It’s a bit depressing that people are claiming their children will never own their own homes though!

Hard agree @Kitchendisco73. Punitive council tax for empty houses (rent or second or air BnB) would certainly be a good start. They need to be financially unviable.

In fairness jelly I think that example was given because we do need doctors and teachers.

They can’t all just go and live somewhere cheap.

But I do think doctors should surely be able to stretch to a house! Nurses yes I see that point.

@Ylvamoon it could be argued that the current situation is having dire economic consequences too- for people not on the ladder, for local communities, in wales for our language and culture too

I agree op. The housing market is mad but as long as people can borrow money for v low interest rates nothing will change. And now the government cant allow interest rates to rise even v slightly because the fall out would be catastrophic as so many people would then be unable to afford to pay their v high mortgages.
I lived through the last housing crash as a young home owner when interest rates hit 15 percent. It was a blood bath and many lost their homes . The government will do everything it can to avoid that again but in those days the system worked the other way around. People were encouraged to save and borrow sensibly and savings were rewarded with good returns in interest.
Now we are encouraged to borrow to the max and savings are losing money thanks to being eroded in real terms by inflation. Hence people rushing to invest in property because it gives them a good return on their money.
In my opinion we need to return to the old days of seeing houses as something we live in not an investment and we need to v heavily tax second home ownership to free up housing for families and first time buyers. Interest rates need to rise to sensible rates and the housing market needs a massive adjustment in prices.
BUT it will never happen. The genie is well and truly out of the bottle .

@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.

Its the will of the people, that's why the keep voting for the bunch of spivs we call a government.

Here have a lolly, oh yes I'll vote for you again and forget what a mess you have made.

If you live in an expensive area, or even one you simply can’t afford to buy in, but you want to buy a house... your only option is to move

Yes this is the unpalatable truth.

Sorry JellyTumble it's because you sound so happy to say rich people can have a home plus a second home whilst others can only ever rent. Surely a roof over ones head is a basic need like having enough food to eat. There has to be an injection of human kindness. You are starting to sound like Marie Antoinette- it didn't go well for her.

@jgw1 quite!

In wales we voted in a Labour government almost unanimously a few weeks ago so it is different here. I am a big supporter of welsh independence and feel that’s the way we have to head to protect our country now.

And who said the housing market had to be fair? Life isn’t fair. Yes, how dare people want homes. Having a roof over your head should be a luxury

The thing about the ‘move to a cheaper area’ brigade is that you have a functioning society on that basis.

All the bin collectors, care workers, teachers, shop workers, nurses, doctor etc can’t just all ‘move up north to a cheaper area’ can they?

I know everyone on here loves to hate landlords but the fact is some have been stuck for over a year now with tenants not paying rent with no recourse to get them out (unless they act illegally). The majority of landlords own one property and the majority of those have it as an investment towards retirement (figures from the National Residential Landlords' Association).

The housing market in the UK is certainly in major market failure in places but allowing a small minority of tenants to avoid paying rent indefinitely is not the answer.

Increased interest rates are coming though I think and that will help make property less attractive as an investment. Much easier to blame individuals and not monetary policy though of course, and much more convenient for the government and Bank of England if we blame each other for greed and selfishness and don't question them!

*can’t have a functioning society

Well, welsh independence and keeping out the English are a bit of a different subject.

[quote Kitchendisco73]@jgw1 quite!

In wales we voted in a Labour government almost unanimously a few weeks ago so it is different here. I am a big supporter of welsh independence and feel that’s the way we have to head to protect our country now.[/quote]
Certainly the spivs in government at Westminster are working hard to increase support for independence for NI, Scotland and Wales.

@crinklyfoil it is to an extent. But it’s all linked too. If welsh communities are being destroyed by high house prices/ holiday homes then it’s going to fuel the talk of independence. And that’s completely normal and understandable.

What about second home owners who are forced to be second home owners and have to pay through their noses for SDLT because through no fault of their own, they've become second home owners?

Case and point: if you live in one of those flats which are now unsellable because of fire safety ?? They have to pay for the works AND high property prices if they need to buy a new property PLUS absolutely extortionate SDLT because it's a second property.

Just think about those people for a second too, before you tar everyone with one brush.

A crash or steady downward turn will have catastrophic financial consequences.

As will people being financially crippled at retirement age because they've spent their whole lives unable to accumulate any capital as it's all gone on rent. The average age of first time buyer in 2007 was 28. It is now 34. Tinkering at the edges is not working.

True super but we are also living longer. It’s a tough one, certainly.

Help to Buy is a massive scandal. I can see it all coming out when we eventually have the next enormous crash. People will look back in horror.

@drpet49

*The eviction ban can’t stay forever, just as mortgage holidays can’t either. Both were needed when the pandemic first started but things have settled now.*

^This

Exactly.

Why should landlords put up with six month of no rent payments before they can take any action to evict a tenant?

Second home owners have always been an issue. I grew up in a seaside beauty spot and it was a problem back in 1989 when I was trying to buy my first flat. I bought a Fiat in a block of four in a lovely converted Victorian house.

Three of the flats were bought by locals and the fourth was a couple from Birmingham with two dc who used it for every summer holiday.

I remember when holiday cottages owned by English people in Wales were being set on fire.

It’s not a new problem.

The other factor that people never consider is the rise in single person households. This is a text taken directly from the Office of National Statistics website.

“More and more of us in the UK are living alone. The number of people living on their own went up by 16% to 7.7 million between 1997 and 2017, while the UK population increased by only 13%. By 2039, the number of one-person households is projected to rise to 10.7 million2.

The rise in the number of people living alone is largely concentrated in older age groups. While the number of people aged 25 to 44 living alone has fallen by 16% between 1997 and 2017, the number of 45- to 64-year-olds living on their own has increased by 53% over the same period.

This increase is partly due to the large number of children born in the 1960s reaching this age, but may also be down to a change in our relationships: more people in this age group are divorced or single than there were 15 years ago.”

@WaterOffADucksCrack

And who said the housing market had to be fair? Life isn’t fair. Yes, how dare people want homes. Having a roof over your head should be a luxury

They do have homes They just don’t own them.

Only in the UK is owning a house seen as some sort of right. It’s seen as more desirable to rent in the rest of Europe.