There's such a shortage it won't crash prices at all unless he can get to building over a million a year. The number of houses required is destined to keep rising faster than the number built for the foreseeable future.
I'd expect most Rofers to support this on the basis they will probably want to build in the green belt at some point.
I'm just happy that for once he's said what he'll do rather than adding to the list of things he won't do. Anyone who wants to get votes from the under 40's needs to do this and I'll be writing to my MP accordingly as well. Would also help the housing association I'm trying to do a deal with.
Yes Barney I'm actually trying to build affordable housing on my own land but currently the housing association I've approached don't believe they will be able to get planning.
I don't think there is actually a housing shortage, I think we continue to prioritise the south east and that drags people into it and that creates a local housing shortage.
I think a big part of the solution here is probably to adopt some polices to, I dunno? level up? northern powerhouse, or whatever half arsed slogan the tories and touting to pretend they care about anything outside of westminister
I would probably adjust corporation tax between regions, maybe 18% for manchester or birmingham and maybe as low as 15% for newcastle or liverfcukingfool, it might help to pull some things away from the south east and ease the "shortage"
Yes, new homes, new schools, new infrastructure, tax people with 2nd homes so much they are unsustainable to keep empty and either need to be rented or sold.
What's wrong with you right whingers. Are you part of the anti growth coalition or what?
Open up the markets to first time buyers and the working classes
good luck with that - odds are most of any housing stock Keir ends up building will end up in the hands of rentiers in 15-20 years' time, or certainly when the tozzas next come in - just like the social housing stock built in the 50s/60s did when it was allowed to be sold
Those are the types of houses that people actually want to live in, not new homes with their hermetic coffin structures and tiny windows you aren't supposed to open.
When you look at these kinds of starter homes you wonder if the buyers will ever be able to sell them on . https://www.newhomesforsale.co.uk/
The point is that these new homes aren't aspirational for most people. They are starter homes, but it will be difficult to move on from them if house prices are falling and they are undesirable on the secondary market when there's a glut of the same new homes being sold for less.
This policy is actually the same as Elon Musk's idea to slash the price of new Teslas. It let a load of people trying to sell used Teslas for more than the cost of a new one.
And I'm not boasting. I worked my own way up the ladder from the bottom (which was a tiny studio flat with a pull down bed) by saving, paying down debt, investing my surplus monthly income and then massively over stretching myself with a 35 year mortgage.
the only time in the last fifty years when there has been widespread neg ek in the U.K. housing market was around 1991 when the Conservatives had been in power for over a decade
hope this helps clear up the little lie from Amit Hesucker in the OP
Maybe you were in Hong Kong in 2008 when Gordon Brown drove the country into an unprecedented economic depression causing significant levels of negative equity in every asset class in the country, but especially in real estate of all forms.
It's actually psychotic wishing that upon people Davos.
Have you forgotten what happened the last time Labour delivered that sort of blow to the economy? In Canary Wharf there were people literally jumping off the top of their office blocks to their deaths, that how desperate the crash made them.
They are starter homes, but it will be difficult to move on from them
They might not be quite like your Georgian townhouse (would you prefer more of those be built then?) but a lot of folks would be grateful to on the property ladder in any way shape or form right now. Ask yourself how affordable your tiny studio flat would be on what the role you were doing then now pays?
Agree house prices need to crash, we can't forever have policies focussed on preservation of inherited wealth. Then cap rents. We shouldn't make it the problem of young or poor people that some spiv landlord's mortgage rate went up.
I think they absolutely should make more homes like that Pez.
This the other thing Starmer has missed.
People don't want to live in fields in the middle of nowhere. The rate of urbanization in the UK is formidable. This policy completely fails to take that into account.
Stamer has also recently put out an employment paper so that is another area with some substance as to what they will do (which is horrible things - interfere in period of employment restrictive covenants, rights for workers to sick pay even if self employed but when I rushed to that with hope that at last the state might give me something - no, as ever, not for me as it will not benefit the genuinely self employed.....
He never answers the one question we want- tax rates and if I will have to pay a £20k a year tax on my house in addition to my £4300 a year council tax.
"Stamer has also recently put out an employment paper so that is another area with some substance as to what they will do (which is horrible things - interfere in period of employment restrictive covenants, rights for workers to sick pay even if self employed but when I rushed to that with hope that at last the state might give me something - no, as ever, not for me as it will not benefit the genuinely self employed....."
HOW DARE THE GOVT PROTECT THE RIGHTS OF WORKERS
WE ONLY NEED THE RIGHT TO INFECT PEOPLE WITH DEADLY VIRUSES
Look at you girls arguing about the 70s and 90s house price crashes.
Of course the 70s were followed by the 80s boom and the early 90s crash followed by sustained growth theough 90s and 00/.
So if Sir Keir is promising to bring down house prices again, please can we march on Westminster and throw the current lot out so he can get started ASAP.
Low house prices free up people and the economy for growth.
eg, in case it wasn’t obvious, responsibility 4 the 2008 house price crash is entirely with the tozzas who over-deregul7d financial services and mortgage broking in the 80s
Other than selling at huge losses in the 1990s in about 1996 (mid 90s) I haven't really ever had a problem over prices dropping as I hope to die in my house in about 20 or 30 years' time so its value is irrelevant and most people in our family trade up unto death so reductions in price are a good thing and benefit younger members of the family buying etc
homeowner here who would gladly support local housebuilding
ownership of residential real estate through heavy and risky personal debt should not really be a route to wealth creation in a functioning society. it is financial profiteering off creating zero actual gain - only paper gains.
the fact that this has not just been very mainstream over the past 30-40 years (“climbing the property ladder”) but actually been the prime driver of wealth for many is fairly ridiculous.
It's actually psychotic wishing that upon people Davos.
by that definition 52% of the UK in 2016 was psychotic
"horrible things....rights for workers to sick pay even if self employed but when I rushed to that with hope that at last the state might give me something - no, as ever, not for me as it will not benefit the genuinely self employed....."
The other big issue is that a lot of silent generation and boomer end of life social care is currently financed by selling their houses at a discount to market.
When the market falls those houses won't fetch enough to pay for the social care anymore so millennials will have to make up the shortfall again out of general taxation.
So they still won't be able to afford their own homes and any expectation of an inheritance they might have had is up in smoke too.
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Bit early in the day to be huffing copium amitheonewhosmellsofwee isn't it?
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There's such a shortage it won't crash prices at all unless he can get to building over a million a year. The number of houses required is destined to keep rising faster than the number built for the foreseeable future.
I'd expect most Rofers to support this on the basis they will probably want to build in the green belt at some point.
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You can't possibly mean he's promised to do something the is not going to do Sails???
That would go completely against his principles and track record.
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I'm just happy that for once he's said what he'll do rather than adding to the list of things he won't do. Anyone who wants to get votes from the under 40's needs to do this and I'll be writing to my MP accordingly as well. Would also help the housing association I'm trying to do a deal with.
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All the other things that were on his to do-list ended up on things he wouldn't do.
Eg being a friend of Jeremy Corbyn's.
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Are RoF’s centrists in favour of mass housebuilding, including in their own neighbourhoods? Be interesting to know.
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A good commitment, as Sails said it’s great to see Labour take a stand on something worthwhile and desperately needed but potentially controversial.
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Is that like a friend of dorothy?
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Let's hope he does crash prices
Open up the markets to first time buyers and the working classes and stop racists and boomers making money which isn't taxed
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Yes Barney I'm actually trying to build affordable housing on my own land but currently the housing association I've approached don't believe they will be able to get planning.
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I am, yes.
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I don't think there is actually a housing shortage, I think we continue to prioritise the south east and that drags people into it and that creates a local housing shortage.
I think a big part of the solution here is probably to adopt some polices to, I dunno? level up? northern powerhouse, or whatever half arsed slogan the tories and touting to pretend they care about anything outside of westminister
I would probably adjust corporation tax between regions, maybe 18% for manchester or birmingham and maybe as low as 15% for newcastle or liverfcukingfool, it might help to pull some things away from the south east and ease the "shortage"
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But yes happy for more homes to be built in my areas
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How many of you own a house?
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I do and even in area with plenty of building there's no sign of prices even stagnating.
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Yes, new homes, new schools, new infrastructure, tax people with 2nd homes so much they are unsustainable to keep empty and either need to be rented or sold.
What's wrong with you right whingers. Are you part of the anti growth coalition or what?
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He's not promising very much of that at all though RR. Just promising to build enough new houses to crash prices generally.
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I reckon Ami lives in a Barratt box so is worried that new Barratt boxes nearby will be more appealing than his lived in one.
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"How many of you own a house?"
Houses
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good luck with that - odds are most of any housing stock Keir ends up building will end up in the hands of rentiers in 15-20 years' time, or certainly when the tozzas next come in - just like the social housing stock built in the 50s/60s did when it was allowed to be sold
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I live in a Georgian townhouse, pal.
Those are the types of houses that people actually want to live in, not new homes with their hermetic coffin structures and tiny windows you aren't supposed to open.
When you look at these kinds of starter homes you wonder if the buyers will ever be able to sell them on . https://www.newhomesforsale.co.uk/
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Georgian township
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Basement flat, parents above, plenty of empty "hand lotion" and "piss" bottles strewn around the room.
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Ami the Tory, whilst boasting about the gaff his parents bought him, wants young people not to have gaffs
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I would be in favour of mass house-building if:
- properties were of a minimum standard
- all new-builds had solar panels and ASHPs installed at the point of construction
- new development of more than x (200?) houses must have a primary school, shop, health centre and community centre on site.
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The point is that these new homes aren't aspirational for most people. They are starter homes, but it will be difficult to move on from them if house prices are falling and they are undesirable on the secondary market when there's a glut of the same new homes being sold for less.
This policy is actually the same as Elon Musk's idea to slash the price of new Teslas. It let a load of people trying to sell used Teslas for more than the cost of a new one.
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And I'm not boasting. I worked my own way up the ladder from the bottom (which was a tiny studio flat with a pull down bed) by saving, paying down debt, investing my surplus monthly income and then massively over stretching myself with a 35 year mortgage.
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the only time in the last fifty years when there has been widespread neg ek in the U.K. housing market was around 1991 when the Conservatives had been in power for over a decade
hope this helps clear up the little lie from Amit Hesucker in the OP
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Maybe you were in Hong Kong in 2008 when Gordon Brown drove the country into an unprecedented economic depression causing significant levels of negative equity in every asset class in the country, but especially in real estate of all forms.
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900,000 home owners according to hard right Guardian newspaper...
https://www.theguardian.com/money/2009/apr/17/mortgages-negative-equity…
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I bought a house in 2007 with a 90% gidge
had zero negek 100% of the time
hth
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yes yes about 1991 m88 about 1991
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The last but one Labour government managed to sink property prices by 35% in 1974.
Labour have a very strong track record of delivering negative equity as I asid in the Op. And now they are openly promising more of it.
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35% won't be enough due to tory economic mismanagement and Tory brexit
Needs to be 60%
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It's actually psychotic wishing that upon people Davos.
Have you forgotten what happened the last time Labour delivered that sort of blow to the economy? In Canary Wharf there were people literally jumping off the top of their office blocks to their deaths, that how desperate the crash made them.
You are asking for the same again.
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Lol @ still blaming labour for the GFC
But the note!!!!
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Yeah, and in your demented tozza dreamworld Freddie/Fannie et al had absolutely feckin nothing to do with it
your lot had they been in power would have deregulated more and likely compounded the GFC - as they are in the process of doing with brexit
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i have land in a green belt and AOONB. fully in favour.....
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They might not be quite like your Georgian townhouse (would you prefer more of those be built then?) but a lot of folks would be grateful to on the property ladder in any way shape or form right now. Ask yourself how affordable your tiny studio flat would be on what the role you were doing then now pays?
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Agree house prices need to crash, we can't forever have policies focussed on preservation of inherited wealth. Then cap rents. We shouldn't make it the problem of young or poor people that some spiv landlord's mortgage rate went up.
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I think they absolutely should make more homes like that Pez.
This the other thing Starmer has missed.
People don't want to live in fields in the middle of nowhere. The rate of urbanization in the UK is formidable. This policy completely fails to take that into account.
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YES!!
GORDON BROWN CAUSED THE GLOBAL FINANCIAL CRISIS!!
AND YOU DON’T HAVE TO TAKE MY WORD FOR IT, I CAN POINT YOU TO ANY NUMBER OF TELEGRAPH OPINION PIECES CONFIRMING IT WAS ALL HIS FAULT!!
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Stamer has also recently put out an employment paper so that is another area with some substance as to what they will do (which is horrible things - interfere in period of employment restrictive covenants, rights for workers to sick pay even if self employed but when I rushed to that with hope that at last the state might give me something - no, as ever, not for me as it will not benefit the genuinely self employed.....
He never answers the one question we want- tax rates and if I will have to pay a £20k a year tax on my house in addition to my £4300 a year council tax.
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Ami, in his Georgian township which was funded by BOMAD and historic links to slavery, trying to change history
GORDON BROWN DID 9/11
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"Stamer has also recently put out an employment paper so that is another area with some substance as to what they will do (which is horrible things - interfere in period of employment restrictive covenants, rights for workers to sick pay even if self employed but when I rushed to that with hope that at last the state might give me something - no, as ever, not for me as it will not benefit the genuinely self employed....."
HOW DARE THE GOVT PROTECT THE RIGHTS OF WORKERS
WE ONLY NEED THE RIGHT TO INFECT PEOPLE WITH DEADLY VIRUSES
THAT IS OUR RIGHTS
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Look at you girls arguing about the 70s and 90s house price crashes.
Of course the 70s were followed by the 80s boom and the early 90s crash followed by sustained growth theough 90s and 00/.
So if Sir Keir is promising to bring down house prices again, please can we march on Westminster and throw the current lot out so he can get started ASAP.
Low house prices free up people and the economy for growth.
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u can trace the origins of, and assign majority culpability 4, every single house price crash on record 2 tozza policy - including 2008 and 1974
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eg, in case it wasn’t obvious, responsibility 4 the 2008 house price crash is entirely with the tozzas who over-deregul7d financial services and mortgage broking in the 80s
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Other than selling at huge losses in the 1990s in about 1996 (mid 90s) I haven't really ever had a problem over prices dropping as I hope to die in my house in about 20 or 30 years' time so its value is irrelevant and most people in our family trade up unto death so reductions in price are a good thing and benefit younger members of the family buying etc
However it is still wiser to Vote Conservative.
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heh
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"wiser"
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homeowner here who would gladly support local housebuilding
ownership of residential real estate through heavy and risky personal debt should not really be a route to wealth creation in a functioning society. it is financial profiteering off creating zero actual gain - only paper gains.
the fact that this has not just been very mainstream over the past 30-40 years (“climbing the property ladder”) but actually been the prime driver of wealth for many is fairly ridiculous.
It's actually psychotic wishing that upon people Davos.
by that definition 52% of the UK in 2016 was psychotic
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Logic fail.
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The other big issue is that a lot of silent generation and boomer end of life social care is currently financed by selling their houses at a discount to market.
When the market falls those houses won't fetch enough to pay for the social care anymore so millennials will have to make up the shortfall again out of general taxation.
So they still won't be able to afford their own homes and any expectation of an inheritance they might have had is up in smoke too.
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Millennials and younger generations paying for boomers anyway
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This way seems more expensive
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I mean that is quite literally the point
that these people are not genuinely self employed
that they are being screwed out of employee rights
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You mean they are opting out of employee rights to pay less tax and and have more flexibility who where and how many people they actually work for ?
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No, I don't mean that
hopius helpium
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