House price madness

[Jadedbuthappy82]

Sorry to rant, but how on earth have house prices been allowed to rise so ridiculously. The going rate here for a basic three bed semi is £300k... The same houses would have sold ten years ago for less than half of that 😩

Yes @PolkadotsAndMoonbeams it's the same where I am. Small housing estate built in early 70s. All 3 bed semis and detached. Most now extended to 4 or 5 bedrooms with prices to match

South west here, second homes and air bnbs have grown noticeably in the last few years. And I'm talking about prime permanent housing areas near schools and shops, not farm barn conversions or purpose built holiday complexes.
It will be interesting to see what the last census shows up. The conflict between those on holiday and those working will escalate. Ethically people are certainly falling over to justify these extra income streams or empty homes, it will be interesting to see how many decide that they don't want to be seen as the bad guy.

My 2-bed semi is worth approx £500k, 50 miles from London.

I think prices will stabilise, or even go down, now interest rates are rising.

It's a relatively free market, I don't understand who shouldn't have "allowed" prices to rise. I don't think any government who wanted to cap the rise of privately owned assets would be voted for by the general population.

I agree with a PP that empty retail units in towns and cities should be converted into apartments.

Very true.

Just been discussing the elderly population problem with my friends today and the fact that our Gvt will not allow assisted dying. All of us would like this option for ourselves. In fact I've not met anyone who doesn't wish to have control over their own death. Why are we kept going on and on with no quality of life? My own father has been in this situation for two years. He wants to die but he can't. I'm sure he's not the only one. Apologies if this distracts from main point of post.