When you look at much of the housing stock in the UK, a lot of it is old and in need of work or better still, demolition.
The only thing that is preventing the demolition of old houses that are long past their best is that they are retained as a tradeable asset. There are too many vultures who need them to make a living off them.
If ou had a car and it got so old that its paint was faded, it was damp,leaked in water, and was rusting would you continually patch it up to keep using it and try to retain its value? No you wouldnt. You'd scrap it and get a new modern one.
Modern new housing should be factory engineered to high standards. Super insulated and assembled on site on an insulated concrete base.
The days of men (and women) gluing clods of clay together on some rainy windswept site must surely come to an end! It is truly ridiculous. Its labour intensive, its archaic, there is too much variability and lack of quality control and its expensive.
For the future, where we seek to be cleaner, greener and more energy efficient, we must look toward engineered, system built homes. Made in the comfort of large factories hat can replicate high quality structures day in day out at much reduced cost and assemble them on site quickly.
They tell us they wish to stop using gas boilers and fossil fuels and we must all have heat pumps. HPs work best in well constructed, well insulated homes. Not houses that are 70 plus years old and are ready to tear down. I accept there are plenty of exceptions.
Of course this doesnt suit the agenda of having houses as a tradeable asset class.We must artificially hold the cost of housing high . Bricks and mortar have replaced the gold standard.