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Britain's Housing Crisis: What Went Wrong? | BBC Documentary | UK | Ep.1
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- เผยแพร่เมื่อ 30 พ.ย. 2023
- Britain's Housing Crisis: What Went Wrong? | BBC Documentary | dw | Ep.1
BBC documentary part one of Britain’s Housing Crisis in this compelling two-part BBC documentary. Delve into the roots of the crisis as key figures from government, finance, and activism unveil the decisions that led the nation to this pivotal point. In the pre-financial crisis boom, a frantic race between investors and first-time buyers caused the average British home to double in price within just five years.
Britain's Housing Crisis: What Went Wrong? | BBC Documentary | dw | Ep.1
Explore how, in the aftermath of the crisis, quantitative easing and the ‘cocaine’ of Help to Buy fuelled a relentless surge in property prices. Discover who truly prospered during these years and why it took the government so long to acknowledge the inevitable losers.
#BBC #housing #documentary #uk
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Very sad, people with mortgages of a few hundred thousand, while developers and shareholders sit on massive profits.
I work as a bricklayer as interest rates have gone up new build housing has stopped. With tradesmen leaving doing other job making it worst as huge shortage or trademen now. you’ll never fill supply with no young apprentices coming through and there has been none for year now. There is massive problem and gov are doing nothing
We are going to need you to build ourselves out of this miss, tradespeople are going to private providers, In brighton we are lucky we have an in-house maintenance team, it was contracted out to a company called Mears, caused the housing stock a lot of issues, they were creating more work, to rake in money, this is stealing from council tenants in effect, overpriced cowboy work. But we have a lot of skilled labour, I come from a council estate all my family and many others are skilled tradespeople working for lawyers etc and do up private gaffs, the council need to invest long term in creating decent jobs for tradespeople, building decent new homes. Government have had now many housing ministers since 2010 is it 13 now? They’re all landlords, why would they change things…
very well done documentary, thank you
the fact this is happening worldwide should alarm us all. - its happening really fast here in australia.
UN sustainable goals? Agenda 2030?
Same here in NZ!
The UK is facing a housing emergency of unprecedented levels. It's a national disgrace with multiple seemingly obvious causes but with levles of complexity that are diffficult to both understand and accept. I think it started with
Thatcher's 'Right To Buy', lack of reinvestment by councils with that money to build replacement stock, was further influenced by too much easy money being available by unregulated lenders, the control of land for building homes and also the shift by the public to seeing a home as an investment and 'property' and not a home.
One has to feel good, decent, educated and hard working people are experiencing home insecurity of one form of another, and litterally having nowhere to call a true home.
This is literally the same story playing out in Canada.
I am a 44 year old single man. I cannot afford a mortgage or private rent on my own as well as pay all the utility bills, food etc
Bless you man. Its shocking, we are becoming refugees due to the lack of housing, it’s shocking the financial situation for many right now, people will need to be more vocal to take back wealth, they have of course armed themselves with new laws to diminish the right to protest mind.
@@HousingDan Indeed mate. I split from a long term relationship. Despite having chronic back issues and depression the council did not care one bit. They just said your a man and you work your on your own. They are quite happy to house illegal immigrants though!
One thing never mentioned...the class based system. In the UK nobody gives a crap. As long as they have their view and no new building around their area the locals are happy. Housing in the UK is an investment not a home. I don't know 10 people in the UK who have 1k in shares
I think the housing crisis has reached a very nuance point. I’m going to try and explain it from how the government sees it. Basically the government don’t want any liabilities that take money away from them for example they pay £10 million to build social houses in which they need to pay, 1 million pounds per year for the residences (social benefits) who can’t afford to buy the house.
Most of the Mp are millionaires with multiple housing so they not going do something that hurts themselves. ( ie put themselves in more debt) and unfortunately social housing doesn’t make them a profit
I think point now where we do need to build those social houses but the question is where? London would be too expensive (hence way they haven’t done it and let’s rich property developers do their thing)
This wouldn't happen if they built more council houses. The private landlords would have to compete with the council i.e. providing a decent house for circa £500 a month
People really look after them. I feel sorry for single parents stuck in a high rent and affected by the third child rule aka benefit capped. Stuck in a rut and often relying on a food bank. Agree re building more council houses, its an investment if they are build well
On my housing estate, we have 3 & 2 bedroom properties getting done up, bathroom & new kitchen what they need, but they are kept empty for 3 & 4 months, ones been empty for 6, never been known before, Immigrants are getting them, they keep The same 2 houses for immigrants, locals are talking, Why have they been empty for do long, Wait & see who gets them.
31:35 I don't know how anyone that has 4 kids and sh*t paying jobs can be expecting to own a home in 2010 or 2023 laughable..!
So do you think that these people don't deserve to have a place to live?
This was back then. Imagine how much harder it is today with the continued house price boom
@@matthewjames1114 great question but the answer will be nuanced because the answer is yes 👏🏾 but the real question is where? should they live? And who pays for it? Because the likely hood is that if property doubles in value every ten years then the family may not be able to afford the area which means they have to move somewhere that’s affordable.
Same emphasis across the Pond here; "homeownership" but on the other side "decommodify housing" which is the fairer part. However, both sides continue to try to get people to buy property in the face of increasing homelessness, unsheltered. Unbelievable. "Homes for Heroes" and all that.
My house was one built during labours tenure in government. It counted as an estate where 500 new houses were built. Reality is it was 500 houses replaced an estate of 300 homes so only a net gain of 200 homes
How could the Governor of the Bank Of England not see this coming.
wow ignorant comments. The program explains clearly that people with money caused the problem. Yet here you all are blaming people with nothing. Greedy business practices from builders to buy to rent investors. If you feel you don't have a big enough piece of the pie. Blame the person with more pie not the one with none.
The only answer is government buys out landlord portfolios
You're probably thinking that money is falling down from the sky don't you? They would have to take from average tax payers to do this not the rich ,they never do that. So one more time the most hard working people have to work extra hours for those who prefer to claim benefits instead of overtime. When we talk about ppl leaving in poverty you always see them with tattoos dogs smoking and no f... Work mostly and now you want me to fund them a social house...
In modern Britain the House of Commons is central to our democracy, but in 1851 many aspects of the operation of the House of Commons were far from democratic. There were many in the House and outside who felt that any movement towards democracy would be unwelcome and potentially dangerous.
It used to be good.
But now everything is the end
I own a 7 bedroom freehold house in Belgravia.....Champagne anyone?
Holidays all round
Leaving aside the su ject matter, this complex and depressing new British emergency, it is clear to see how illness waa begning to affect Alister Darling during interviews for this documentary. He died at the age of 70.
Another video channel about house building rates since the mid nineteenth century clearly illustrates that the NATIONLISATION OF BUILDING RIGHTS enacted through the 1947 Town and Country Planning Act has severely curtailed house building rates ever since. Of course the picture is slightly more complex but limited supply nevertheless remains the ROOT of the problem and trumps EVERY other contributory factor from mass immigration to divorce to land banking, to low house building rates so on and so forth. Naturally STATEISTS and ENVIRONMENTALISTS loathe this fact but won't and can't remedy the problem. Expect more ugly alienating Modernist Marxist Socialistic Collectivist Environmentalist "Solutions" in the interim. Other than a political "revolution" of some sort which is ultimately inevitable the best thing that the young can do is skill up and EMIGRATE to somewhere housing to rent or buy are more reasonable. Politicians are far to well paid and "invested" in the status quo to anything about this! Don't expect them to change - they won't!
When will people realize we're a small island and if we keep building homes , you'll be able to walk from Cornwall to Scotland without leaving a housing estate. If our population keeps growing and we keep allowing more immigrants into the country we'll eventually have to build on all the green belt and so much for our green and pleasant land. No political party will tell the truth,its just inevitable. And who wants to live somewhere like that? But these morons just want to build, build,build. Glad I'll be gone by then because it breaks my heart.
Lots of ways to build. I notice in poorer areas the density per square metre of people compared to more affluent areas is dramatically higher, areas need to take more density, rather than NIMBYISM, but agree there is only so much more new land can be taken before the country changes beyond recognition. Bring the almost 1m empty homes back into use, or allow squatters rights again, that will force them to be occupied if they knew the risks. Of course more new tax payers is not a bad thing for this aging country, we need labour where brits seem to not want to do these jobs, but longer term as machines replace jobs, their could be issues, but as it stands I see a lot of migrants tend to share with people from there community whilst waiting for a home office decision, they dont get rights to benefits or local authority housing support, but there is support via home office and their mates who take all the money. Via their hotels etc… its not sustainable and more need residency to work legally, pay taxes which fund public services.
Have you tried blaming immigrants for the expired milk in the fridge yet?
Blame the immigrants. Even though the population is crashing to unsustainable levels because people can't afford homes to raise families, but no do as Murdoch says an Blame the 'others'.
@@alexnogues4246 The gentleman made some valid points, your mockery isn't helpful!
@@DT-rb7ro didn’t see any valid points just bigotry. Did you?
Need to vote reform uk landlords that are not uk residents cannot own property here.
And yet the British own land/property in many other countries, of which by the way they snatched most of it from the rightful owners . Be real!
Are there any political parties worth voting in the UK. Not interested in parties which attack people, culture and other things. But rarely speak out on equality, they’re mates with the rich and funded by em, why will they turn against them. Getting more capital into citizens hands would be the best thing and more taxes for the top 5% and corporations to fund. But that will never happen. Hence we are seeing some 47% presenting as homeless were living in private rented sector at time of homelessness application….
Good luck with that 1 mate as um is a tax haven go foreign money into the trillions 😂😂😂
@ntandosekheswa2022 Past injustices are not a justification for continued injustice. If it is wrong for foreign landowners to own land, it is wrong in any country.
It is worth remembering, too, that the British working class were not the beneficiaries of colonial land ownership, but kept in poverty by the very same system that allowed land grabs across the less developed world. Nor was that land always taken by force -- just as in contemporary Europe, ruling elites betrayed the poor in their own nations by selling their land to rich foreigners.
This has never been an issue of race or nationality, but of wealth and power.
Reform want to deregulate which means more chance of profits for back boomers and crash !
Thatcher ruined so much.
Jamila Dupree Baxter Jackson
“Full democracy “ came in 1928 when all women were enfranchised at age 21. Do we really vote them in or do they just ‘appear ‘ out of nowhere
Full democracy came in 1928 when all women were enfranchised at age 21.
😓 P r o m o s m