As a council house tenant, this is even being reflected in the social housing market – We have been trying to downgrade from our house for months, but with our council telling us they have no property left for us, we are on the homeswapper lists (suggested by council), and thats as brutal as looking for a house to buy, albeit a bit more active.
Global billionaires bought them all up and upped their prices to capitalise on rent while the Tories have managed to build next to zero council houses in their 12 years in office.
Because we need to provide houses to the Doctor’s and Engineers that arrive to the UK on Dinghies.
People aren’t climbing the ladder because, whilst the value of your current house may have increased, the value of any house you want to buy has increased by at least as much – so the cost of moving becomes prohibitive.
I’ve chosen to stay put and renovate but I really feel for those trying to get on the ladder – as the lack of supply increases prices further.
Because hardly any new housing is being built due to obstructive green belts and council planning departments.
Ooh ooh! I know this one!
Because until we unhook house prices from propping up the economy, they have to keep going up, Because Number Must Go Up, but wages aren’t keeping up.
Because they quickly get bought up by people and companies looking to rent them out
The source of all living crisis is housing!!
Doesn’t help when our government allowing foreign investors, especially from China and Russia to buy up anything and everything!!
While the rest of us have to pay for their retirement funds and cash flow so they can do business trips in the south of France sniffing pure coke and smashing hookers.
Fkin corruption!!
There are, it’s just that the prices are mental. The asking price of one near me was £100k more than the previous house that sold on the same road less than 4 years ago. I’m talking about a average 3-bed here not some mansion.
Fuedalism/Serfdom continues.
Dark ages till 2022.
True story.
You will pay tribute to the Lord of the land and you will like it.
I like how people blame ‘billionaires’ and not the massive influx of people over the last 20 years, never change reddit
Because rich people bought them knowing they can charge ridiculous rents.
People are struggling to get mortgages as house prices get insane for everyone so people are staying put. Then you have landlords snapping up properties to make huge portfolios, they then rent that stock back to locals at a nice mrk-up.
If prices are rising so fast, potential sellers will wait til later to get even more money.
Houses are being sold at record speeds.
Any house that goes for sale in my area is sold within 2 days atm. We keep getting letters through the door saying “Your house price has increased by over 25% since you bought it have you thought about selling?”
I only bought it in 2021.
Since 2014 this house’s price has increased by over 150k and 50 of that was in the past year.
The house i sold i sold in a week in a bidding war between 15 different chinese investors.
15 comments
Adding my own comment to this –
As a council house tenant, this is even being reflected in the social housing market – We have been trying to downgrade from our house for months, but with our council telling us they have no property left for us, we are on the homeswapper lists (suggested by council), and thats as brutal as looking for a house to buy, albeit a bit more active.
Global billionaires bought them all up and upped their prices to capitalise on rent while the Tories have managed to build next to zero council houses in their 12 years in office.
Because we need to provide houses to the Doctor’s and Engineers that arrive to the UK on Dinghies.
People aren’t climbing the ladder because, whilst the value of your current house may have increased, the value of any house you want to buy has increased by at least as much – so the cost of moving becomes prohibitive.
I’ve chosen to stay put and renovate but I really feel for those trying to get on the ladder – as the lack of supply increases prices further.
Because hardly any new housing is being built due to obstructive green belts and council planning departments.
Ooh ooh! I know this one!
Because until we unhook house prices from propping up the economy, they have to keep going up, Because Number Must Go Up, but wages aren’t keeping up.
Because they quickly get bought up by people and companies looking to rent them out
The source of all living crisis is housing!!
Doesn’t help when our government allowing foreign investors, especially from China and Russia to buy up anything and everything!!
While the rest of us have to pay for their retirement funds and cash flow so they can do business trips in the south of France sniffing pure coke and smashing hookers.
Fkin corruption!!
There are, it’s just that the prices are mental. The asking price of one near me was £100k more than the previous house that sold on the same road less than 4 years ago. I’m talking about a average 3-bed here not some mansion.
Fuedalism/Serfdom continues.
Dark ages till 2022.
True story.
You will pay tribute to the Lord of the land and you will like it.
I like how people blame ‘billionaires’ and not the massive influx of people over the last 20 years, never change reddit
Because rich people bought them knowing they can charge ridiculous rents.
People are struggling to get mortgages as house prices get insane for everyone so people are staying put. Then you have landlords snapping up properties to make huge portfolios, they then rent that stock back to locals at a nice mrk-up.
If prices are rising so fast, potential sellers will wait til later to get even more money.
Houses are being sold at record speeds.
Any house that goes for sale in my area is sold within 2 days atm. We keep getting letters through the door saying “Your house price has increased by over 25% since you bought it have you thought about selling?”
I only bought it in 2021.
Since 2014 this house’s price has increased by over 150k and 50 of that was in the past year.
The house i sold i sold in a week in a bidding war between 15 different chinese investors.