fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Housing has become an international issue, it’s the the same across the US, Canada, Australia and many other places. When houses stopped being homes and started being investment vehicles, the end was ensured. The reality of home ownership has changed.
@@HousingDan All countries. In India, any goon(they have politicians backing secretly) can occupy one's house/plot. But even here the prices are not that affordable except for people working in formal employment which is just 30% of the country
@@HousingDan the common denominator is, "drumroll"....., countries with political structure based on the UK, the commonwealth. Bad policy underlines this issue. I can say that as an intern architect working on multi-residential designs in Canada.
It is unless you change crowing rules back to the 10 children in the 2 bed miner's cottage my granny grew up in near Sunderland or else you commit eco crimes of building over our beautiful land. @@elcristoph7380
I grew up on a Council Estate. My Mum worked hard so she managed to buy it but that meant that it could no longer be used to house families in need because it became privately owned and has probably been sold loads of times by now to landlords looking to make a profit. So stupid to let Social housing become Private rented with hiked up prices. Now the people in need are in Hotel rooms. No where to go an poor living standards for their children. Then now you have the working poor on top of that who will end up in Hotel rooms soon as well. Western World problems aye. People need to realise that the UK Government only cares about profit, no people so i would stop all of that Patriotism stuff ASAP
Stop blaming asylum seekers. They have the right to not die from the countries they came from. Stop getting involved in wars and weapons trade creating refugees. Blame the government for not building enough houses.
@@TheSuperPsychoKiller It blows my mind how uneducated and misinformed people like you really are. There is no war in India. There is no war in Pakistan, or most African nations. You don't understand the difference between genuine refugees and economic migrants, or that the other countries these people arrived in en route are safe havens in themselves. But it's interesting you don't dispute the numbers of these people is causing the shortage. At least you have that.
Its not like any land is unused either we already import half the food and energy! Why not import more people to lower wages and the quality of life!!!!!!
There is property hotspots in the UK. I fully acknowledge that there's a housing shortage overall. There is however places like London that are hotspots because more people want to be located there so this also adds to the shortage and puts up prices. This is why in these areas you will get 30 people going to view one tiny flat where the rent is £2000 pcm. Yet in my northern town there's plenty of vacant houses to buy or rent. You can buy a 3 bedroom semi detached house for £130k or a terraced house for less than £100k. Average private rent across all types of housing in the town is £600 pcm. The reason why it's so low is because nobody wants to live here. The town is pretty isolated, has poor public transport links so can't be used as a commuter town. So if you live here, you work here. That throws up the next problem why people don't want to live here. Because it's all low paid, manual jobs. There's virtually no professional jobs. Those are mainly in the cities and down south. Let's face it, most of our young people go on to university now and then afterwards go off to seek employment in those professions which so often means moving to those cities with those jobs, with higher wages but also with more acute housing shortages and where housing is even more out of reach for people. I believe this is one of the reasons why house prices are so different in one area, eg London, compared to the town where I live. If the government truly delivered levelling up whereby the good quality jobs were spread more evenly across the whole country, then the people would naturally space out more and property hotspots, particularly in our cities, could be relieved of some of the over demand.
Maybe, but we have already seen financial institutions extend mortgage periods from 25 to 40 years so that they don't get their fingers burnt, while allowing the loan to be more affordable to pay back for the borrower. Sadly it may be the way forward. ☹
Realtors have two doors - there's the Dog entrance for Renters and the Golden entrance for Landlords. As a Renter, you're always treated as a 2nd Class Citizen. Everyone treats you like you have a disease and you're made to feel "ashamed." And yet there would be no Landlords without us Renters. You can't have a Life without a Home. Homes are essential to mental health and well being but Governments don't care!
@@lochnessmunster1189 I said by the REALTORS, not by the Landlords. I agree that some landlords are very nice. Most of them don't care as long as you pay the Rent on time.
We don't have " realtors" in the UK we have estate agents.......and if you think there's no money in residential lettings you are an even bigger idiot than your initial comment shows you to be....
Why do they keep saying we need to build more homes? Why are facts evil? We import our housing problem at 500,000 a year - 11 million population increase since 1993. UK birthrate is going down. Without imports we need less houses, not more.
Agreed same scenario in Canada. I’d like to know why nobody demonizes big banks for financial gain . The more homes available the more banks profit. The higher property values go up the higher the banks profits. Everybody demonizes politicians yet the politicians work for big bank that everybody turns a blind eye. A bank makes as much money on the entire life of a mortgage in the same value as the house. That to me is wrong!
What went wrong? In a nutshell more people than houses to put them in! Cut migration, increase social housing that stays with the council - rather than selling it off. Regeneration of run down towns to make them an attractive alternative to more popular parts of the country. If there was a decent quality of life in Blackpool then I'd retire there from Brighton and in fact people do to save a fortune and live a lot cheaper - freeing up properties down south for those who have to go there for work. Someone I work with has sold up in Brighton and moved to Birmingham and now works part time as the property prices are cheaper and he made a fortune by buying years ago.
Migration is not anywhere near a problem compared to the greed, corruption, and incompetency perpetuated by the gov. If we built enough good homes with the correct level of investment, migration would help save our economy (as it has done many times in the past)
@@nev3i when net migration is, according to the news letting in the equivalent of a city the size of Liverpool each year we need to build about that many houses just for migration what about those leaving home, getting divorced and so on?
@@africantraveler7004 Do they? Housing costs haven't gone through the roof in Vancouver, Sydney, New York etc etc? Places which have also had mass immigration. And why should we keep building just because you want to undemocratically change our countries?
@lochnessmunster1189 Policymakers who directly benefit from high house prices for one. NIMBYS who won't allow new housing to be built near them because they also benefit from high house prices. The housing crisis will never be solved because certain groups of people benefit from it and they aren't going to act against their own interests.
@lochnessmunster1189 It's not about anyone getting in the way. It's about the fact that the British public continually elects a government they think works for them when in fact that government only works for the benefit of the richest in society, including themselves. The Conservatives have been in power for about 32 of the last 44 years and during that time they have decimated the social housing sector. This has affected huge swaths of the population negatively, not just low income families or those who use social housing. But all the temporarily embarrassed millionaires don't see a problem...
@@scottwales9178 So, it's the government which gets in the way. It's not that the Conservatives work 'only for the benefit of the richest in society'- about 10 years ago David Cameron raised the income tax threshold and it made me £880 a year better-off: I was earning £17k annually then. I'm not a Tory, but they don't just benefit the richest. They push for lower taxes for all workers, as Mrs Thatcher managed to reduce the rate from 33% to 22% for the ordinary people in her time. The issue isn't social housing being sold: it's the fact that it was sold below the market rate. If it was sold at the market rate, and that money could be used to build new houses/buy new houses, it could actually help the shortage problem. If we were to build new houses, who would fund it, and who would get the benefit from these new houses?
If there are 1.2 million families on social housing waiting lists - should we not ask how many and where immigrants - and most particularly, of course, the illegal variety - are going to be put up to live? It just does not make any sense whatsoever. We are always told by the media (I work in the media, incidentally) what a rich country we are. So why do millions have no roof over their heads? Why can they not afford something for themselves? Why can the authorities not afford to give them a roof over those heads? Why do we have not a single highspeed railway line in the country which invented the railways? Britain is pathetic, criminally corrupt and politically useless.
Bugger issue is why is there 1.2million families waiting for a home, why plan a family if you've no way to support them. There's another 4.3million in social housing and a further 2.8 million on housing benefit in private rentals. That's 8.3million families or households that have needed tax payer support or subsides just to support a family they decided to have. Then there's the pensioners in care homes, prisoners in prisons, immigrants in hotels, out of a tiny population a huge percentage are being housed or subsidised by the tax payer. There needs to be a total rethink, scrap social housing altogether, will be tough for a couple of years but maybe the next generation will think twice before starting families they can't afford.
The housing crisis will never be solved in an economic system where "Greed is good" is the mantra. If anything, it will get a lot worse as millions lose their jobs to AI and mass immigration from war torn countries and climate change. Almost all new construction is luxury units which are sold to offshore investors even before they are have been completed. Vast areas of London have been gentrified pushing rents up to level unaffordable to even middle class professionals. No government has the will to force construction of social housing. They talk the talk but will not interfere with the market. Look at the US where tent shanty towns have sprung up everywhere and many of these homeless people have jobs. The centre of many US cities have businesses/shops closing down through mass theft by the desperate homeless. The UK is fast following in America's footsteps. It looks more like the beginning of the complete collapse of society. I really think we will see riots in the near future.
In the kuran there is Sharia law. You don't go to war. You integrate within the population. They plan things for the long term over generations and take over becoming the largest demographic. As seen in Switzerland and Denmark.
It is a Supply & Demand issue. It's that simple. Landlords are being driven out and selling up in massive numbers so rents are sky rocketing as the supply shrinks. You can thank the Government for that.
When a house is sold, it does not cease to exist! The problem is greedy landlords and speculators restricting access to housing and a lack of new social housing, as the parasites who treat property as an investment oppose increasing the supply because scarcity increases their value! It is disgusting!
I'm living in my car because it's just not financially possible to rent a house and how are you supposed to save up money to buy your own house when rent is the biggest chunk out of your hard earned wages. I'm saving hundreds on living in my car. Taxed, insured, MOTd and fuel. Storage unit fees and basic food all cost much less than my rent for the month.
Thanks for sharing this, so called hidden homeless. How do you deal with the cold? Can I ask have you approached the local council for help? If so what happened out of interest
@@HousingDan I'm living with my parents because owning your own home is impossible. We got the section 21 notice in April, October was court proceedings, November was the court hearing which we got the 42 days to get out. We have been looking for a 3 bedroom house since September 2022, to give my family an extra option of homes, i told them to look for 2 bedroom houses too because I've chosen to live in my car , I'm off next week to do some last preparations to my car and I'm off. All on my own, just how i like it . I've technically got a king size bed attached to the top of my car (tentbox) and i have a storage unit to store some of my stuff. I still work, i know where's safe to park up for the night, i know where to shower, clean my clothes, send my post to. I've got everything covered.
Too many people. It's down to supply and demand. Population growth cannot continue at this rate. It needs to flat line and stay at this level. One out, one in. You can't keep building homes until there are no green areas left.
I'm not being nasty but leasehold property is a trap for the ignorant. Even as a teenager growing up and looking toward my future I was taught about the leasehold trap and this would be around the early 90s. If you want to own your own home then if it's possible for the individual to do it, then do what I did. I left university and started full time working but had no wife or partner or children so I continued to live at home with my mum and dad. I paid them rent once a month when I was paid but then saved every other spare penny into a high interest ISA account and savings account. I did this from the age of 21 to 34 when I finally decided to buy my own first home. At that point I had so much deposit money that the small remaining amount that I took in mortgage was given on a single person's mortgage which I still was. This was all with zero money from my parents. I know I was very lucky to have the opportunity to do it like this but if there's any young people who do have that option, then I would suggest it is a good way to get onto the first rung.
Also, do not be afraid of buying a house that needs a bit of work doing to it. I bought a 1800sq ft 50s built semi detached house for less than a local two bedroom new build. The semi I have is built much more solid and the value for money was very good. It just needed minor jobs doing to it like all the original single glazed windows ripping out and replacing with modern windows, it needed more insulation putting in to improve its heat rating, it needed the old back boiler system ripping out and a modern combi boiler system putting in. All these jobs I saved up for one at a time whilst living in the house. Saving for one new window per month and such.
I agree. We bought an hour's distance from work (not easy when you work full time with tiny babies as we both did) to buy freehold, not leasehold in the 1980s. No matter whether yo have leasehold, commonhold or anythingsimilar with flats you will always have common parts, close neighbours, noise above and below and who pays for the roof, the external painting etc
For all of the issues raised in this documentary, the one major change that wasn't even mentioned is the fact that huge swathes of freehold property available for sale on the open market has been gobbled up by the same kind of investment firms & hedge funds that bought large numbers of leaseholds. Previously, when buying your next home, your competition was other homeowners who predominantly had a property to sell. Obviously some will have access to more money/better mortgages etc, but to a degree there was a limit to what anyone buyer could offer. With the advent of asset management firms moving into buying freehold property & away from just investing in financial products, this has created competition for each property which effectively isn't bound by the same constraints, & has a disproportionate advantage over a standard member of the public. These properties are then either sold on a type of lease at a "reduced rate" to pensioners, or rented at exorbitant rates (which because of the terrible state of our housing sector) people have few options but to just suck it up or be homeless. Either way, the way they are structured, along with their bottomless pockets are an advantage when they buy these properties & ultimately whichever option these funds & firms choose, the asset remains theirs & constantly & consistently produces yet more wealth for them.
One word. Immigration. It's not just more people to house, it's some people outpricing the locals, and also the lowering of wages and conditions, and greater difficulty getting jobs
The main problem here is too many immigrants both legal and illegal which has driven a huge increase in population and hence demand for housing. The throwing open of our borders by Blair and Brown followed by a succession of Tory governments who lied about immigration, conning the people that it would be reduced has been the major cause of the housing crisis. Furthermore the current ridiculous, incompetent government's tax and regulatory war on private landlords, driving them out of the market, has wrecked the private rented sector and as always happens when supply cannot keep up with demand, rents have skyrocketed. All the fault of this dreadful government.
Interesting comment!! What are you thoughts on a minimum of 5 years living here and paying taxes before non uk born citizens can apply for social housing?
18 million more people in the UK now than when I was born! I wish we could have zero immigration and encourage 20m to leave but people love the UK so much they keep coming and coming.
What nonsense. All global economic centers , major cities have experienced huge population growth in the last few decades. Most respond by sharply increasing housing stock through various policies. This is the norm. In Britain we haven't. We have a critical supply side issue for a number of reasons which this documentary details quite well while creating unsustainable demand through monetary policy. Immigrants aren't the biggest consumers of new housing stock in high demand cities like London: Foreign investors - cash rich Africans, Chinese, International PE firms & REITs lured by crazy returns & access to cheap borrowing cost- are.
@@HousingDan What about the [ points ] based system for social housing were as say a foreigner just arrived on the illegal boats a women with say 2 kids does not speak English is a Muslim has no family or friends here or any form of documentation I absolutely [ guarantee ] this illegal immigrant will go straight to the top of any social housing list any where in this country no matter how many local natives don't have one.
well its quite simple really... too much population and non enough land, house prices high wages low, how on earth does anyone expect to own a home lol
@@lochnessmunster1189 To sell the property as a normal freehold (not a leasehold) if its a house. If its a house split into a few flats, then to let the owners of each property, share the freehold. To not allow the freehold to be sold to someone who isnt one of the flat owners. Actually these laws are being discussed by the governments, and will hopefully come into law soon, and then home owners will have better rights.
@@alidolloso1704 Thanks. I can see the advantages, but anything the government does to reduce the potential rewards from house-building, can reduce the incentive to build houses, so there is that to consider.
When you have a population increase in a very small country of around 15 million from the mid sixties to now and post war housing of such low quality it’s barely fit for human habitation you’re going to have problems.
You cannot keep increasing a population at the rate we have in the last twenty years and expect the equivalent homes for them spring up from nowhere. You also cannot keep losing the agricultural land we need for food to housing or resorting to building on flood plains across the country.
What went wrong was allowing too many legal immigrants in ...we do not have the infrastructure to keep accepting a never ending stream of people and their families...pretty common sense really....
Yes, and we in AUS had similar dodgy building 'Phoenix' companies; one building of apartments at Syd Olympic Park was a disaster of shoddy concrete construction which had to be evacuated as it started to collapse. Ditto in Mascot !
There is no housing crisis what there is is an overpopulation crisis a country this small should only have 10 million people but unfortunately we have about 80 million crammed in here and it's only going to worse year after year until we end up like Bangladesh
Believe it or not the same is applying in AUS ! Housing cost has accelerated and the 'quality' of development has worsened. Blame the councils, or the State Governments for allowing the subdivision of housing land into tiny little blocks of down to 500M2 lot size is crazy in this 'wide brown land' ! Stupid, I grew up in middle ring Sydney on a (corner) land block of 18x50m (900m2) which was slightly larger for the area, but not exceptional. Like Britain, land sizes have shrunk, and house sizes have got bigger due to more demands for facilities by owners/purchasers. This is on newer stock of 2 storey houses, but there has been a huge apartment building boom in major AUS cities; some terrible some luxurious for the upmarket.! Go bush is the answer; get out of Syd/Melb/Bris/Can/Adl/Pth ! Country houses are so much bigger and cheaper.
there are nearly 30 million dwellings across UK, all you need to do is convince 1.2 million families to share with another 1.2 million and have their rent drop by half and additional tax exemptions... so simple.
Its a global problem . The greedy corporation r causing rising rents and expensive properties . There isnt enough affordable housing, a global homeless crisis, crime everywhere, and government dependency ,for the lower classes
ALL THOSE NOT SUPPOSED TO BE HERE, GET RID, NO FOREIGNER TO OWN ANY OF OUR PROPERTIES, BRITISH ETHNICS FIRST FOR A HOUSE, OTHERS CAN LIVE IN A CARAVAN.
Imagine if you were someone wanting to buy abroad and you come up against the same attitude, the issue is its not being buying up real estate its hedge funds. there are almost 1m empty homes in the UK. We need to bring them all into occupation and make sure there are better regulations to ensure this and bringing down rents etc… its gone mad
You watched this entire meticulously researched documentary that details the supply side issues, macroeconomic fundamentals & govt policies that underpin this crisis & this was the conclusion you came up with? Seriously?
Hard to understand from across the Pond about the argument there is too much immigration. When one does family history research, trying to locate the tiny ancestral villages, you know, often they are listed as 550 inhabitants in 2001 followed by only 350 in 2021. Is it everyone wants to live in cities, or what? Seems a disconnect there. Probably enough housing in those dying rural villages but who wants to live there when there are no jobs etc? Same rural problem in the US too, yet it immigration is used as an excuse to build fewer houses.
There are certainl8y areas of NE England where I am from with declining populations due to lack of jobs and here in London we are utterly crowded and it is awful at times.
Leaseholds are THE BIGGEST CON! Never go for a leasehold! Even in a flat, you might as well rent, as you own nothing but time and that's pointless when you're a mortal who will die and can't pass the property on to someone else!!!
The young people want liberal policies and now they have to put up with the problems it brings. I`m pleased I was young when the UK was normal. House paid off and working 24 hours a week at 50. Good times!!!!
Housing should be a human right yet has been massively monopolised with too many paying more than 50% of wages on rent alone... and unable to get a mortgage. The very people who caused the mess and trying to explain the issues here though so it goes deeper much deeper, most MPs are landlords...
So communism then ? The only way to sort this is for the green belt to be built on, millions of social homes to be built and/or a drastic curbing of immigration, legal and illegal. If this is not done, then coming down on landlords like myself may make people feel better, but it won't do anything to solve the problem.
I'm in Australia and if it wasn't for Landlords there would be millions more on the streets because the Government certainly isn't building more Public Housing homes!
How to gain power is to promise but in reality don’t accomplish it. Yet voters keep giving these failed political parties second, third, fourth, and fifth chances. The problem is the voters.
Yes, really bad long term national housing policy. Simply too few houses. Or one could unfairly argue too many people. (Thank God this isn't Russia or Putin would have a quick cure for the latter).
Brexit should have coincided with a vast reduction in immigration, an audit of people abusing the entitlement programs, tax reductions, subsidies and incentives to create affordable housing, new businesses and jobs.
What do you think about a minimum 5 year wait for non uk born citizens before they can apply for social housing. Also no higher preference in housing banding compared to natives aka born and raised citizens. Currently migrants can go band A aka top of the waiting list in some areas
I think UK citizens should definitely come first. 5 years waiting list for new immigrants seems reasonable. And those immigrants should meet certain criteria of cultural assimilation to qualify.
Although even in the 1980s there were some areas with 20 year council house waiting lists so for many people council housing has not been an option for decades.@@jeffreydaniels7519
@@HousingDan I work in social housing and agree with the 5 year wait, scrap the 1996 housing act or amend it to stop giro seekers errrr I mean asylum seekers being housed above the natives.
This issue is all around the world, what are we doing to our young future generations? The world markets have to stop taking precedence over humanity, world governments need to start looking after the people like they use too, I will be voting for politicians that care about people, I hope others will join me in that quest. ❤
The Brits is always good with speeches, bless them. The Maths is simple really, if you see housing is a market, property is changed hands for profits, then dont be surprise that it goes through boom and bust cycles. During pandemic, there was a deluge amount of cheap credits flooded the market so everything is up in prices. If u want to see what s the bust cycles looks like, look at Japan. If you decide that housing is a right, as many European would say, then walk the walk, make profiteering on property market alot less enticing, stop prop the market up on every down turn and stop taxing first home buyers. I have property investment, so I'm not say it out of spite. It seems like most gov are not prepared to tackle this issue.
UK National Debt Surpassed £1 Trillion Mainstream media headlines today are focused on Britain's record national debt, which just surpassed £1 trillion, a figure that can only exponentially increase unless the entire mechanism of Government finance is overhauled. The truth however is much worse, factoring in all liabilities including state and public sector pensions, the real national debt is closer to £4.8 trillion, some £78,000 for every person in the UK.
As a Single male with a disability it took me 20 years to get a 1 bed council flat. And for that i had to be near dead with malnutrition on the streets before i was taken seriously.
There's less time and money for the well being of ordinary British people because the British government prioritises serving the US geopolitical interests over UK national interests. More and more hard working British taxpayers' money will be burnt in battlefieldsnwhere the US is involved.
Well I managed to buy a house in 2019. I started saving in 2017 and worked two jobs, built my credit and got a mortgage. I had no previous savings. So it was possible back then and is possible today.
Actually not for all. Depends on the wages you recieve and the jobs you get offered. Many don't have enough to save unless they can live with parents and then save.
And people think they have a right to live in expensive areas, although stamp duty is very expensive. One of my children is buying next month and the Government takes in stamp duty the price of a small house in Finland which was on a youtube video I watched yesterday - a whole house's value forcibly taken by the state just because you move in SE England. Even back in 97 when I moved to this house stamp duty had just doubled and I have still not recovered from the massive amount of stamp duty Big State took from us simply because I moved from NE to SE England.
When I say that I have a policy that would make housing affordable once again in under a year I'm not joking and it is simple; One House Per Household. Ie. If you own the home you live in, thats it. You cap the number of homes individuals are able to own. If you own multiple homes you are forced to put them on the market or you get taxed 10% of the houses value every year. Housing societies (the private council house companies) would be allowed to carry on as is and the buy to let would be scrapped so they don't continue to bleed houses. And regional bodies would be established to take on the responsibility of running councils houses as councils do not have to means to run the council houses anymore. In less than a year, houses would go down conciderably and people would finally be able to get on the housing market. Houses that you inherited you wouldn't get taxes on for 10 years of inheriting them. After that you either move into them or sell them. You could rent them out if you wished. but you would only have a 10 year window to do it.
@@SnakePliskin762 except it would, people pay less in mortgages than they do rent for the same properties meaning they would have more money to spend and thus get taxed on. Also lowering house prices means people gain more disposable income. again meaning people spend more. we are a service based economy which is good as it means when people get more they spend it and generate income for the government.
@@97SEMTEX There's a reason for that. A deposit,clear credit history,an income to cover the term etc. There's plenty of cheap houses coming onto the market as landlords bail out due to new taxation laws. They should buy them if they meet the criteria above.
@@SnakePliskin762 except you neglect to realise that these critia become easier to achieve under my idea, if houses are cheaper the despoit, credit history and income all become less of an issue. meaning there are more people to buy homes for themselves; should they meet the criteria above... And cards on the table I say all of this as someone who under the current system will become a landlord in the next 10 years, allowing me to gobble up homes that would otherwise be brought by people and raising the cost of houses. That being said this system does not produce fair or ethical outcomes.
@@97SEMTEX houses are cheap now as landlords bail out under unrealistic epc changes and s24 tax changes. All this you will need to look at. Hence why what your saying is complete nonsense. Their is cheap houses out there now apart from the ability to get the mortgages for the tenants due to the reasons i listed. I worked 2-3 jobs to save for my first house deposit and pay it off completely. We've become a nation of entitlement where work is just a word.
The biggest problem has always been how governments has been in bed with big corporate builders. All they have ever needed to do was to support small builders who would have invested in their staff and produced a better standard of properties because they would have reputations to protect. But instead they introduced all the red tape big business wanted that would hider those in the trades who were capable to succeed and grow. Many, like myself walked away from the trades and as a result took our knowledge and experience with us.
You save to buy a house but you can't do that because interest rates are low. If you're a saver as I was you won't have much sympathy for house buyers when you make barely £5 on a grand every year.
WHAT HAS GOVERNMENT TO DO WITH IT ? If it must be in involved why not rejuvenate areas like the north east where it killed employment and property has been abandoned ?? WHO HAS A VISION FOR THIS COUNTRY ?
In Australia both Labour and Liberal Coalition governments have divested from social and affordable housing for decades - we are now seeing the results of this long term neglect. What did they expect?
I think some people of other regions/countries/nations went to stalk and gossip, then they became greedy and competitive, then they “wanted” to “yeet” or “throw” the native people out from their own homes and even families to replace them to squeeze “in” the native’s creations and memories…
What people don’t realise is the WHOLE thing has been a lie from the beginning - I refer u to Germany . Renting is big there and renters are treated fairly. It was never necessary for everyone to own their homes. And the truth is, many who bought their homes couldn’t afford the upkeep and many fell into disrepair - thus it is little wonder that many landlords rent out shit holes today. And if we won’t talk about the fact that we housed half of Eastern Europe and that they are all sitting in their new build gov funded homes laughing at us….. then we are just continuing to lie to ourselves.
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fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Selling of council houses and increasing the population by over half a million a year were never great ideas
Exactly, selling off council houses and NOT replacing them .
Now, now... facts are evil.
Selling and not replacing council housing surely. Nothing wrong with your own home
especially if that half mil are demanding and negative contributers to the country all want, want, want, give, give, give..
@@ravenblack2262 And mass immigration
i am from poland i live in uk from 2004 ..but life here is very expensive now cant save much money now ....is not a same country anymore
12 million extra people!!!! This massive extra demand over 90% of the increase in population has caused all the problems with housing in the UK!!!!!!!
Housing has become an international issue, it’s the the same across the US, Canada, Australia and many other places. When houses stopped being homes and started being investment vehicles, the end was ensured. The reality of home ownership has changed.
West or all countries do you think?
It happened especially after the stock market crash. That was no longer a safe investment, and property became a more stable investment.
@@HousingDan All countries. In India, any goon(they have politicians backing secretly) can occupy one's house/plot. But even here the prices are not that affordable except for people working in formal employment which is just 30% of the country
The world should look to Japan to how they don't have a housing shortage.
@@HousingDan the common denominator is, "drumroll"....., countries with political structure based on the UK, the commonwealth. Bad policy underlines this issue. I can say that as an intern architect working on multi-residential designs in Canada.
Almost a million people emigrated to the UK in 2022, Where the hell are all these people living?
Can't be a housing crisis
they have money to buy, or they rent.
@@elcristoph7380Every one is competing for the same resources. An excessive demand does push up prices.
@@jim-es8qk housing isn't a fixed resource.. its a political problem..
Always blaming others. Typical Brit 😂
It is unless you change crowing rules back to the 10 children in the 2 bed miner's cottage my granny grew up in near Sunderland or else you commit eco crimes of building over our beautiful land. @@elcristoph7380
not one commentator mentioned the elephant in the room... keep on coming over.. roll up roll up.. make sure the new arrivals bring a tent.
I grew up on a Council Estate. My Mum worked hard so she managed to buy it but that meant that it could no longer be used to house families in need because it became privately owned and has probably been sold loads of times by now to landlords looking to make a profit. So stupid to let Social housing become Private rented with hiked up prices. Now the people in need are in Hotel rooms. No where to go an poor living standards for their children. Then now you have the working poor on top of that who will end up in Hotel rooms soon as well. Western World problems aye. People need to realise that the UK Government only cares about profit, no people so i would stop all of that Patriotism stuff ASAP
so mum was part of the problem she sold to a landlord?
With millions pouring into this country every year, but house building not increasing, is it any wonder there's a housing shortage? YA THINK?
Stop blaming asylum seekers. They have the right to not die from the countries they came from. Stop getting involved in wars and weapons trade creating refugees. Blame the government for not building enough houses.
@@TheSuperPsychoKiller It blows my mind how uneducated and misinformed people like you really are. There is no war in India. There is no war in Pakistan, or most African nations. You don't understand the difference between genuine refugees and economic migrants, or that the other countries these people arrived in en route are safe havens in themselves. But it's interesting you don't dispute the numbers of these people is causing the shortage. At least you have that.
Its not like any land is unused either we already import half the food and energy! Why not import more people to lower wages and the quality of life!!!!!!
@@TheSuperPsychoKiller Still peddling the lie they are genuine ha no one believes it at all!!!!
Why is the housebuilding not increasing ?
Net imigration running at 750 000 annually. It certainly is not helping.
Have you watched any of this? that is just one of many issues you mo*g!!! bot user name
There is property hotspots in the UK. I fully acknowledge that there's a housing shortage overall. There is however places like London that are hotspots because more people want to be located there so this also adds to the shortage and puts up prices. This is why in these areas you will get 30 people going to view one tiny flat where the rent is £2000 pcm.
Yet in my northern town there's plenty of vacant houses to buy or rent. You can buy a 3 bedroom semi detached house for £130k or a terraced house for less than £100k. Average private rent across all types of housing in the town is £600 pcm.
The reason why it's so low is because nobody wants to live here. The town is pretty isolated, has poor public transport links so can't be used as a commuter town. So if you live here, you work here. That throws up the next problem why people don't want to live here. Because it's all low paid, manual jobs. There's virtually no professional jobs. Those are mainly in the cities and down south. Let's face it, most of our young people go on to university now and then afterwards go off to seek employment in those professions which so often means moving to those cities with those jobs, with higher wages but also with more acute housing shortages and where housing is even more out of reach for people.
I believe this is one of the reasons why house prices are so different in one area, eg London, compared to the town where I live.
If the government truly delivered levelling up whereby the good quality jobs were spread more evenly across the whole country, then the people would naturally space out more and property hotspots, particularly in our cities, could be relieved of some of the over demand.
I have no desire whatsoever to live in the overpriced and overpopulated Smoke, thank you very much!
@@christopherwright8811 Smart.
Learn a trade; don't go to Uni !
I live in GRIMSBY enough said.
50 year mortgage is insanity
Maybe, but we have already seen financial institutions extend mortgage periods from 25 to 40 years so that they don't get their fingers burnt, while allowing the loan to be more affordable to pay back for the borrower. Sadly it may be the way forward. ☹
Absolutely. But compared to renting for 50 years and never owning anything, at least it would be the lesser of 2 evils, no?
Realtors have two doors - there's the Dog entrance for Renters and the Golden entrance for Landlords. As a Renter, you're always treated as a 2nd Class Citizen. Everyone treats you like you have a disease and you're made to feel "ashamed." And yet there would be no Landlords without us Renters. You can't have a Life without a Home. Homes are essential to mental health and well being but Governments don't care!
"As a renter, you're always treated as a 2nd class citizen"- by whom? My landlord treats me very well and I even go to the pub with him.
@@lochnessmunster1189
I said by the REALTORS, not by the Landlords. I agree that some landlords are very nice. Most of them don't care as long as you pay the Rent on time.
@@Peekaboo-Kitty OK. Incidentally, what would be your solution?
We don't have " realtors" in the UK we have estate agents.......and if you think there's no money in residential lettings you are an even bigger idiot than your initial comment shows you to be....
Remember our Lord was born in a stable.
I've got an idea. Stop people coming here. Problem reduced.
Who will do all the jobs?
Why do they keep saying we need to build more homes? Why are facts evil? We import our housing problem at 500,000 a year - 11 million population increase since 1993. UK birthrate is going down. Without imports we need less houses, not more.
Agreed same scenario in Canada. I’d like to know why nobody demonizes big banks for financial gain . The more homes available the more banks profit. The higher property values go up the higher the banks profits. Everybody demonizes politicians yet the politicians work for big bank that everybody turns a blind eye. A bank makes as much money on the entire life of a mortgage in the same value as the house. That to me is wrong!
You're a white, far right extremist if you mention that little fact. So they say.
All I want is a sensible migration policy
What went wrong? In a nutshell more people than houses to put them in! Cut migration, increase social housing that stays with the council - rather than selling it off. Regeneration of run down towns to make them an attractive alternative to more popular parts of the country. If there was a decent quality of life in Blackpool then I'd retire there from Brighton and in fact people do to save a fortune and live a lot cheaper - freeing up properties down south for those who have to go there for work. Someone I work with has sold up in Brighton and moved to Birmingham and now works part time as the property prices are cheaper and he made a fortune by buying years ago.
Migration is not anywhere near a problem compared to the greed, corruption, and incompetency perpetuated by the gov. If we built enough good homes with the correct level of investment, migration would help save our economy (as it has done many times in the past)
@@nev3i when net migration is, according to the news letting in the equivalent of a city the size of Liverpool each year we need to build about that many houses just for migration what about those leaving home, getting divorced and so on?
You can’t import a Newcastle every single year and expect supply and demand not to be an issue
Why not? Other international cities do. They just build to keep up.
You can if you live in la la land and you're determined to ignore reality and basic maths
@@africantraveler7004 Do they? Housing costs haven't gone through the roof in Vancouver, Sydney, New York etc etc? Places which have also had mass immigration.
And why should we keep building just because you want to undemocratically change our countries?
It's not an accident that there aren't enough houses to go around. It's deliberate. And that's true all around the world.
But if it's deliberate, who's responsible for making it deliberate?
@lochnessmunster1189 Policymakers who directly benefit from high house prices for one. NIMBYS who won't allow new housing to be built near them because they also benefit from high house prices. The housing crisis will never be solved because certain groups of people benefit from it and they aren't going to act against their own interests.
@@scottwales9178 Yes- it's almost always government which gets in the way.
@lochnessmunster1189 It's not about anyone getting in the way. It's about the fact that the British public continually elects a government they think works for them when in fact that government only works for the benefit of the richest in society, including themselves. The Conservatives have been in power for about 32 of the last 44 years and during that time they have decimated the social housing sector. This has affected huge swaths of the population negatively, not just low income families or those who use social housing. But all the temporarily embarrassed millionaires don't see a problem...
@@scottwales9178 So, it's the government which gets in the way. It's not that the Conservatives work 'only for the benefit of the richest in society'- about 10 years ago David Cameron raised the income tax threshold and it made me £880 a year better-off: I was earning £17k annually then. I'm not a Tory, but they don't just benefit the richest. They push for lower taxes for all workers, as Mrs Thatcher managed to reduce the rate from 33% to 22% for the ordinary people in her time.
The issue isn't social housing being sold: it's the fact that it was sold below the market rate. If it was sold at the market rate, and that money could be used to build new houses/buy new houses, it could actually help the shortage problem.
If we were to build new houses, who would fund it, and who would get the benefit from these new houses?
Investors and developers need to understand they can't make huge profits indefinitely
If there are 1.2 million families on social housing waiting lists - should we not ask how many and where immigrants - and most particularly, of course, the illegal variety - are going to be put up to live? It just does not make any sense whatsoever. We are always told by the media (I work in the media, incidentally) what a rich country we are. So why do millions have no roof over their heads? Why can they not afford something for themselves? Why can the authorities not afford to give them a roof over those heads? Why do we have not a single highspeed railway line in the country which invented the railways? Britain is pathetic, criminally corrupt and politically useless.
Bugger issue is why is there 1.2million families waiting for a home, why plan a family if you've no way to support them. There's another 4.3million in social housing and a further 2.8 million on housing benefit in private rentals. That's 8.3million families or households that have needed tax payer support or subsides just to support a family they decided to have. Then there's the pensioners in care homes, prisoners in prisons, immigrants in hotels, out of a tiny population a huge percentage are being housed or subsidised by the tax payer. There needs to be a total rethink, scrap social housing altogether, will be tough for a couple of years but maybe the next generation will think twice before starting families they can't afford.
My leasehold flat has been a nightmare ever since I bought it in 2018.
The housing crisis will never be solved in an economic system where "Greed is good" is the mantra. If anything, it will get a lot worse as millions lose their jobs to AI and mass immigration from war torn countries and climate change. Almost all new construction is luxury units which are sold to offshore investors even before they are have been completed. Vast areas of London have been gentrified pushing rents up to level unaffordable to even middle class professionals.
No government has the will to force construction of social housing. They talk the talk but will not interfere with the market.
Look at the US where tent shanty towns have sprung up everywhere and many of these homeless people have jobs. The centre of many US cities have businesses/shops closing down through mass theft by the desperate homeless. The UK is fast following in America's footsteps. It looks more like the beginning of the complete collapse of society. I really think we will see riots in the near future.
Your very knowledgeable, spot on…
In the kuran there is Sharia law. You don't go to war. You integrate within the population. They plan things for the long term over generations and take over becoming the largest demographic. As seen in Switzerland and Denmark.
Sadly I see social unrest and rioting on a massive scale on the horizon in the UK.
It is a Supply & Demand issue. It's that simple. Landlords are being driven out and selling up in massive numbers so rents are sky rocketing as the supply shrinks. You can thank the Government for that.
When a house is sold, it does not cease to exist! The problem is greedy landlords and speculators restricting access to housing and a lack of new social housing, as the parasites who treat property as an investment oppose increasing the supply because scarcity increases their value! It is disgusting!
I'm living in my car because it's just not financially possible to rent a house and how are you supposed to save up money to buy your own house when rent is the biggest chunk out of your hard earned wages. I'm saving hundreds on living in my car. Taxed, insured, MOTd and fuel. Storage unit fees and basic food all cost much less than my rent for the month.
Thanks for sharing this, so called hidden homeless. How do you deal with the cold? Can I ask have you approached the local council for help? If so what happened out of interest
@@HousingDan I'm living with my parents because owning your own home is impossible. We got the section 21 notice in April, October was court proceedings, November was the court hearing which we got the 42 days to get out. We have been looking for a 3 bedroom house since September 2022, to give my family an extra option of homes, i told them to look for 2 bedroom houses too because I've chosen to live in my car , I'm off next week to do some last preparations to my car and I'm off. All on my own, just how i like it . I've technically got a king size bed attached to the top of my car (tentbox) and i have a storage unit to store some of my stuff. I still work, i know where's safe to park up for the night, i know where to shower, clean my clothes, send my post to. I've got everything covered.
Where do your guests stay?
Air BNB, an American company, have left thousands homeless and long term rental prices have soared. This is all over Europe. Disgusting.
Too many people. It's down to supply and demand. Population growth cannot continue at this rate. It needs to flat line and stay at this level. One out, one in. You can't keep building homes until there are no green areas left.
They should convert empty shops and offices to homes. Town centres have changed and these premises lie empty. That would not encroach on green belt.
Great idea. @@PB21ST
I'm not being nasty but leasehold property is a trap for the ignorant.
Even as a teenager growing up and looking toward my future I was taught about the leasehold trap and this would be around the early 90s.
If you want to own your own home then if it's possible for the individual to do it, then do what I did. I left university and started full time working but had no wife or partner or children so I continued to live at home with my mum and dad. I paid them rent once a month when I was paid but then saved every other spare penny into a high interest ISA account and savings account. I did this from the age of 21 to 34 when I finally decided to buy my own first home. At that point I had so much deposit money that the small remaining amount that I took in mortgage was given on a single person's mortgage which I still was. This was all with zero money from my parents.
I know I was very lucky to have the opportunity to do it like this but if there's any young people who do have that option, then I would suggest it is a good way to get onto the first rung.
Also, do not be afraid of buying a house that needs a bit of work doing to it.
I bought a 1800sq ft 50s built semi detached house for less than a local two bedroom new build. The semi I have is built much more solid and the value for money was very good. It just needed minor jobs doing to it like all the original single glazed windows ripping out and replacing with modern windows, it needed more insulation putting in to improve its heat rating, it needed the old back boiler system ripping out and a modern combi boiler system putting in. All these jobs I saved up for one at a time whilst living in the house. Saving for one new window per month and such.
I agree. We bought an hour's distance from work (not easy when you work full time with tiny babies as we both did) to buy freehold, not leasehold in the 1980s. No matter whether yo have leasehold, commonhold or anythingsimilar with flats you will always have common parts, close neighbours, noise above and below and who pays for the roof, the external painting etc
In certain places like central London where I live, freehold property is rare
For all of the issues raised in this documentary, the one major change that wasn't even mentioned is the fact that huge swathes of freehold property available for sale on the open market has been gobbled up by the same kind of investment firms & hedge funds that bought large numbers of leaseholds. Previously, when buying your next home, your competition was other homeowners who predominantly had a property to sell. Obviously some will have access to more money/better mortgages etc, but to a degree there was a limit to what anyone buyer could offer. With the advent of asset management firms moving into buying freehold property & away from just investing in financial products, this has created competition for each property which effectively isn't bound by the same constraints, & has a disproportionate advantage over a standard member of the public. These properties are then either sold on a type of lease at a "reduced rate" to pensioners, or rented at exorbitant rates (which because of the terrible state of our housing sector) people have few options but to just suck it up or be homeless. Either way, the way they are structured, along with their bottomless pockets are an advantage when they buy these properties & ultimately whichever option these funds & firms choose, the asset remains theirs & constantly & consistently produces yet more wealth for them.
It was mentioned. Theres a whole segment about freeholds becoming an investment asset
It started when the councils sold off their stock ! no no one can afford them
Forgot the elephant in the room , mass immigration
LOL
No more than any major economic center. Yet these issues are uniquely ours
One word. Immigration. It's not just more people to house, it's some people outpricing the locals, and also the lowering of wages and conditions, and greater difficulty getting jobs
Too many people period. No one wants to face that.
housing crisis will never be dealt with in the UK
Over 50 plus years and no real solution to this problem.
The main problem here is too many immigrants both legal and illegal which has driven a huge increase in population and hence demand for housing. The throwing open of our borders by Blair and Brown followed by a succession of Tory governments who lied about immigration, conning the people that it would be reduced has been the major cause of the housing crisis. Furthermore the current ridiculous, incompetent government's tax and regulatory war on private landlords, driving them out of the market, has wrecked the private rented sector and as always happens when supply cannot keep up with demand, rents have skyrocketed. All the fault of this dreadful government.
Interesting comment!! What are you thoughts on a minimum of 5 years living here and paying taxes before non uk born citizens can apply for social housing?
18 million more people in the UK now than when I was born! I wish we could have zero immigration and encourage 20m to leave but people love the UK so much they keep coming and coming.
What nonsense. All global economic centers , major cities have experienced huge population growth in the last few decades. Most respond by sharply increasing housing stock through various policies. This is the norm. In Britain we haven't. We have a critical supply side issue for a number of reasons which this documentary details quite well while creating unsustainable demand through monetary policy. Immigrants aren't the biggest consumers of new housing stock in high demand cities like London: Foreign investors - cash rich Africans, Chinese, International PE firms & REITs lured by crazy returns & access to cheap borrowing cost- are.
@@HousingDan What about the [ points ] based system for social housing were as say a foreigner just arrived on the illegal boats a women with say 2 kids does not speak English is a Muslim has no family or friends here or any form of documentation I absolutely [ guarantee ] this illegal immigrant will go straight to the top of any social housing list any where in this country no matter how many local natives don't have one.
@@HousingDan - Hello friend read about rule 276 & you will know how stupid the laws of this countries are. Giving citizenship to illegal immigrant.
well its quite simple really... too much population and non enough land, house prices high wages low, how on earth does anyone expect to own a home lol
Just look at who is running Britain right now!
Falled to build another home 70% of my road was not born in this country it not thire not another home it thires more people 🙄🤫
The government should have had a law against how these greedy house builders behave
But which laws should they implement against the house builders?
@@lochnessmunster1189 To sell the property as a normal freehold (not a leasehold) if its a house. If its a house split into a few flats, then to let the owners of each property, share the freehold. To not allow the freehold to be sold to someone who isnt one of the flat owners. Actually these laws are being discussed by the governments, and will hopefully come into law soon, and then home owners will have better rights.
@@alidolloso1704 Thanks. I can see the advantages, but anything the government does to reduce the potential rewards from house-building, can reduce the incentive to build houses, so there is that to consider.
When you have a population increase in a very small country of around 15 million from the mid sixties to now and post war housing of such low quality it’s barely fit for human habitation you’re going to have problems.
Almost a million people emigrated to the UK in 2022, Where the hell are all these people living?
You cannot keep increasing a population at the rate we have in the last twenty years and expect the equivalent homes for them spring up from nowhere. You also cannot keep losing the agricultural land we need for food to housing or resorting to building on flood plains across the country.
We can use hotels to house regugees
They are breeding faster than they are laying bricks. Simple
What went wrong was allowing too many legal immigrants in ...we do not have the infrastructure to keep accepting a never ending stream of people and their families...pretty common sense really....
Too many people.
Remove leasehold properties now!
Mass migration.
to do the jobs?
Have you watched any of this? that is just one of many issues you mo*g!!! bot user name
Housing prices are far too freaking high in Britain as well as America. I wonder what it could be ? Is it GREED!
Yes, and we in AUS had similar dodgy building 'Phoenix' companies; one building of apartments at Syd Olympic Park was a disaster of shoddy concrete construction which had to be evacuated as it started to collapse. Ditto in Mascot !
There is no housing crisis what there is is an overpopulation crisis a country this small should only have 10 million people but unfortunately we have about 80 million crammed in here and it's only going to worse year after year until we end up like Bangladesh
We have plenty of greedy crooks in the US too.
"caught in a rat trap & you've been conned" 😂😂😂😂😂
Believe it or not the same is applying in AUS ! Housing cost has accelerated and the 'quality' of development has worsened.
Blame the councils, or the State Governments for allowing the subdivision of housing land into tiny little blocks of down to 500M2 lot size is crazy in this 'wide brown land' ! Stupid, I grew up in middle ring Sydney on a (corner) land block of 18x50m (900m2) which was slightly larger for the area, but not exceptional. Like Britain, land sizes have shrunk, and house sizes have got bigger due to more demands for facilities by owners/purchasers. This is on newer stock of 2 storey houses, but there has been a huge apartment building boom in major AUS cities; some terrible some luxurious for the upmarket.!
Go bush is the answer; get out of Syd/Melb/Bris/Can/Adl/Pth ! Country houses are so much bigger and cheaper.
What went wrong? Gullible people voted against their better interests.
The problem here is, simply put [ CORPORATE GREED.]
there are nearly 30 million dwellings across UK, all you need to do is convince 1.2 million families to share with another 1.2 million and have their rent drop by half and additional tax exemptions... so simple.
Its a global problem . The greedy corporation r causing rising rents and expensive properties . There isnt enough affordable housing, a global homeless crisis, crime everywhere, and government dependency ,for the lower classes
ALL THOSE NOT SUPPOSED TO BE HERE, GET RID, NO FOREIGNER TO OWN ANY OF OUR PROPERTIES, BRITISH ETHNICS FIRST FOR A HOUSE, OTHERS CAN LIVE IN A CARAVAN.
Imagine if you were someone wanting to buy abroad and you come up against the same attitude, the issue is its not being buying up real estate its hedge funds. there are almost 1m empty homes in the UK. We need to bring them all into occupation and make sure there are better regulations to ensure this and bringing down rents etc… its gone mad
We don’t have a housing problem‼️We have a POPULATION problem‼️
You watched this entire meticulously researched documentary that details the supply side issues, macroeconomic fundamentals & govt policies that underpin this crisis & this was the conclusion you came up with? Seriously?
Yes we do
People should move to near by suburbs if needed instead of buying a leasehold property
Hard to understand from across the Pond about the argument there is too much immigration. When one does family history research, trying to locate the tiny ancestral villages, you know, often they are listed as 550 inhabitants in 2001 followed by only 350 in 2021.
Is it everyone wants to live in cities, or what?
Seems a disconnect there. Probably enough housing in those dying rural villages but who wants to live there when there are no jobs etc?
Same rural problem in the US too, yet it immigration is used as an excuse to build fewer houses.
There are certainl8y areas of NE England where I am from with declining populations due to lack of jobs and here in London we are utterly crowded and it is awful at times.
All the MPs that been in the last 10 to 20 years had to blame in my opinion
And before
Interesting and informative. Thank you.
Glad it was helpful!
Leaseholds are THE BIGGEST CON! Never go for a leasehold! Even in a flat, you might as well rent, as you own nothing but time and that's pointless when you're a mortal who will die and can't pass the property on to someone else!!!
The young people want liberal policies and now they have to put up with the problems it brings. I`m pleased I was young when the UK was normal. House paid off and working 24 hours a week at 50. Good times!!!!
Make a rule 1 person can only buy 1 house ....
One house per person wht eva your age !!! No matter how big or small it is
Housing should be a human right yet has been massively monopolised with too many paying more than 50% of wages on rent alone... and unable to get a mortgage. The very people who caused the mess and trying to explain the issues here though so it goes deeper much deeper, most MPs are landlords...
So communism then ? The only way to sort this is for the green belt to be built on, millions of social homes to be built and/or a drastic curbing of immigration, legal and illegal. If this is not done, then coming down on landlords like myself may make people feel better, but it won't do anything to solve the problem.
I'm in Australia and if it wasn't for Landlords there would be millions more on the streets because the Government certainly isn't building more Public Housing homes!
@@HousingDan "Housing should be a human right"- how exactly would you implement this?
yer i was thinking the same thing lol@@lochnessmunster1189
How to gain power is to promise but in reality don’t accomplish it. Yet voters keep giving these failed political parties second, third, fourth, and fifth chances. The problem is the voters.
They keep on saying own your own home but not helping anyone to do that. Time and time again.
Yes, really bad long term national housing policy. Simply too few houses. Or one could unfairly argue too many people. (Thank God this isn't Russia or Putin would have a quick cure for the latter).
Standard BBC gaslighting.
Talk about everything except the real issue. Immigration.
Excellent documentary ❤
I will never understand why flammable cladding could pass building regulations?
Wouldn't help-to-buy just inflate housing prices?
Brexit should have coincided with a vast reduction in immigration, an audit of people abusing the entitlement programs, tax reductions, subsidies and incentives to create affordable housing, new businesses and jobs.
What do you think about a minimum 5 year wait for non uk born citizens before they can apply for social housing. Also no higher preference in housing banding compared to natives aka born and raised citizens. Currently migrants can go band A aka top of the waiting list in some areas
I think UK citizens should definitely come first. 5 years waiting list for new immigrants seems reasonable. And those immigrants should meet certain criteria of cultural assimilation to qualify.
Although even in the 1980s there were some areas with 20 year council house waiting lists so for many people council housing has not been an option for decades.@@jeffreydaniels7519
@@HousingDan I work in social housing and agree with the 5 year wait, scrap the 1996 housing act or amend it to stop giro seekers errrr I mean asylum seekers being housed above the natives.
Pride before big fall
Let them buy a house is like saying let them eat cake.
This issue is all around the world, what are we doing to our young future generations? The world markets have to stop taking precedence over humanity, world governments need to start looking after the people like they use too, I will be voting for politicians that care about people, I hope others will join me in that quest. ❤
The Brits is always good with speeches, bless them. The Maths is simple really, if you see housing is a market, property is changed hands for profits, then dont be surprise that it goes through boom and bust cycles. During pandemic, there was a deluge amount of cheap credits flooded the market so everything is up in prices. If u want to see what s the bust cycles looks like, look at Japan. If you decide that housing is a right, as many European would say, then walk the walk, make profiteering on property market alot less enticing, stop prop the market up on every down turn and stop taxing first home buyers. I have property investment, so I'm not say it out of spite. It seems like most gov are not prepared to tackle this issue.
UK National Debt Surpassed £1 Trillion
Mainstream media headlines today are focused on Britain's record national debt, which just surpassed £1 trillion, a figure that can only exponentially increase unless the entire mechanism of Government finance is overhauled. The truth however is much worse, factoring in all liabilities including state and public sector pensions, the real national debt is closer to £4.8 trillion, some £78,000 for every person in the UK.
As a Single male with a disability it took me 20 years to get a 1 bed council flat. And for that i had to be near dead with malnutrition on the streets before i was taken seriously.
There's less time and money for the well being of ordinary British people because the British government prioritises serving the US geopolitical interests over UK national interests. More and more hard working British taxpayers' money will be burnt in battlefieldsnwhere the US is involved.
Well I managed to buy a house in 2019. I started saving in 2017 and worked two jobs, built my credit and got a mortgage. I had no previous savings. So it was possible back then and is possible today.
Actually not for all. Depends on the wages you recieve and the jobs you get offered. Many don't have enough to save unless they can live with parents and then save.
And people think they have a right to live in expensive areas, although stamp duty is very expensive. One of my children is buying next month and the Government takes in stamp duty the price of a small house in Finland which was on a youtube video I watched yesterday - a whole house's value forcibly taken by the state just because you move in SE England. Even back in 97 when I moved to this house stamp duty had just doubled and I have still not recovered from the massive amount of stamp duty Big State took from us simply because I moved from NE to SE England.
Canada is going down the same path.
When I say that I have a policy that would make housing affordable once again in under a year I'm not joking and it is simple; One House Per Household. Ie. If you own the home you live in, thats it. You cap the number of homes individuals are able to own. If you own multiple homes you are forced to put them on the market or you get taxed 10% of the houses value every year.
Housing societies (the private council house companies) would be allowed to carry on as is and the buy to let would be scrapped so they don't continue to bleed houses. And regional bodies would be established to take on the responsibility of running councils houses as councils do not have to means to run the council houses anymore.
In less than a year, houses would go down conciderably and people would finally be able to get on the housing market. Houses that you inherited you wouldn't get taxes on for 10 years of inheriting them. After that you either move into them or sell them. You could rent them out if you wished. but you would only have a 10 year window to do it.
Landlord's are exiting the market in record numbers,more tax.won't help.
@@SnakePliskin762 except it would, people pay less in mortgages than they do rent for the same properties meaning they would have more money to spend and thus get taxed on. Also lowering house prices means people gain more disposable income. again meaning people spend more. we are a service based economy which is good as it means when people get more they spend it and generate income for the government.
@@97SEMTEX There's a reason for that. A deposit,clear credit history,an income to cover the term etc. There's plenty of cheap houses coming onto the market as landlords bail out due to new taxation laws. They should buy them if they meet the criteria above.
@@SnakePliskin762 except you neglect to realise that these critia become easier to achieve under my idea, if houses are cheaper the despoit, credit history and income all become less of an issue. meaning there are more people to buy homes for themselves; should they meet the criteria above...
And cards on the table I say all of this as someone who under the current system will become a landlord in the next 10 years, allowing me to gobble up homes that would otherwise be brought by people and raising the cost of houses. That being said this system does not produce fair or ethical outcomes.
@@97SEMTEX houses are cheap now as landlords bail out under unrealistic epc changes and s24 tax changes. All this you will need to look at. Hence why what your saying is complete nonsense. Their is cheap houses out there now apart from the ability to get the mortgages for the tenants due to the reasons i listed. I worked 2-3 jobs to save for my first house deposit and pay it off completely. We've become a nation of entitlement where work is just a word.
I live in Scotland in a tenement. We don’t have leasehold here it’s medieval. There are rules about tenements and service charges are reasonable.
mass immigration is the biggest issue
The biggest problem has always been how governments has been in bed with big corporate builders.
All they have ever needed to do was to support small builders who would have invested in their staff and produced a better standard of properties because they would have reputations to protect.
But instead they introduced all the red tape big business wanted that would hider those in the trades who were capable to succeed and grow.
Many, like myself walked away from the trades and as a result took our knowledge and experience with us.
Also, hands up who is saving into a Help To Buy account and still can't afford a house! Yippee!
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank as subscriber 😊
You save to buy a house but you can't do that because interest rates are low. If you're a saver as I was you won't have much sympathy for house buyers when you make barely £5 on a grand every year.
There are talk and no action, let the people down in my opinion
Canada is doing the same thing.
WHAT HAS GOVERNMENT TO DO WITH IT ? If it must be in involved why not rejuvenate areas like the north east where it killed employment and property has been abandoned ?? WHO HAS A VISION FOR THIS COUNTRY ?
Business Growth demands more people and it doesn't give a fuck where they live or what their quality of life is like
In Australia both Labour and Liberal Coalition governments have divested from social and affordable housing for decades - we are now seeing the results of this long term neglect. What did they expect?
Does Australia have an alternative with a chance of winning?
I think some people of other regions/countries/nations went to stalk and gossip, then they became greedy and competitive, then they “wanted” to “yeet” or “throw” the native people out from their own homes and even families to replace them to squeeze “in” the native’s creations and memories…
What people don’t realise is the WHOLE thing has been a lie from the beginning - I refer u to Germany . Renting is big there and renters are treated fairly. It was never necessary for everyone to own their homes.
And the truth is, many who bought their homes couldn’t afford the upkeep and many fell into disrepair - thus it is little wonder that many landlords rent out shit holes today.
And if we won’t talk about the fact that we housed half of Eastern Europe and that they are all sitting in their new build gov funded homes laughing at us….. then we are just continuing to lie to ourselves.
I've just turned fifty eight, & I'm still trying to get on the property ladder!!! What's new???
just wondering what went wrong? you had at least 38 money making years
Mrs Truss was the best UK's pm. Why was she forced to go so quickly? Was that an act of notorious british democracy?
Try the worst that is why she went so quickly. Well none have been any good for 13 years at least.
Amazing eh, how Rishi is implementing her tax cutting agenda.
A 50 year mortgage only works if taken out at 17 years old.
Typo corporations