enter the big-brained reddit keyboard economist to explain why this is perfectly fine
This problem is all over Europe, just think Luxembourg a tiny country with a stock of 20.000 empty houses with the only purpose to boots up the prices. Of course the banks, hedgefunds and the prominent don’t want any changes, and if the bubble burst you will pay for it, they don’t.
Where are they? Would if they tried to house them, there be news stories of London/Cardiff families forced to move to Grimsby/Carlisle as that’s where the homes where?
There’s over 160000 empty homes in England and Wales. Not including students accommodation, derelicts, holiday lets or air bnb
Yes – but there are not in the places where they are needed.
Ah that’s whymy family is stuck in airbnb for past 3 months?
What is the solution to something like this?
Ban landlords?
What happens in 200,300,400,500 years as the rich get richer, dominate more houses, does the UK just become landlord owned and it’s way too late to do anything about it?
20% of households are already private renters, up from 10% in 2000, surely unless something is done then it will only increase?
Or am I overthinking or is something like this actually a possibility?
Edit: my reply had absolutely nothing to do with the post, Not sure how I’ve managed that but still genuinely curious about the above situation
“Empty homes” is a red herring. Empty housing doesn’t have any significant impact on the UK housing market.
Roughly 1% of the housing stock that is classified as long-term unoccupied, and that’s also roughly how much the amount of housing increases every year, so if hoarding of empty homes was the problem then the housing crisis would have been solved after a year or two.
Plus, you actually want some housing (usually a couple of percent of the housing stock, France has a target of around 8% I believe) to be unoccupied, because it gives prospective homeowners options – if nearly every home was occupied then prospective homeowners wouldn’t have any choice of properties to buy. We should be aiming for it to be a buyer’s market.
But they keep building on greenbelt instead of using brownfield sites
Complex long term problems with incompetent short term politicians. This will fester for years.
Wow, it’s almost as if people being allowed to buy 2nd, 3rd, and 4th homes for “investment” has fucked the housing market
Most empty houses are delapidated though.
Hell, half the houses being lived in right now should realistically be condemned.
Half the foundations rotted and leaning with black mold everywhere isn’t “rustic”, it’s a near collapsed shithole. Aka 20% of UK housing
That’s no surprise, i went to uni in Liverpool and there were streets of empty houses. Went back there recently and it’s still the same. Happening all over the UK.
So no housing crisis at all then – could it have been promoted by developers to relax planning rules?? Surely not
It’s almost as if the countries welfare policies are broken or something, who would have thought
But the racists told me we are running out of room
Need an empty house tax, why should people be able to hoard houses and not use them?
Silly Billy, homes aren’t for living in. They are assets for the rich.
I bet a large part of these homes are dilapidated farmhouses far from places where people work.
20 comments
there is probably a good reason they are empty.
they might be haunted or in Scunthorpe
enter the big-brained reddit keyboard economist to explain why this is perfectly fine
This problem is all over Europe, just think Luxembourg a tiny country with a stock of 20.000 empty houses with the only purpose to boots up the prices. Of course the banks, hedgefunds and the prominent don’t want any changes, and if the bubble burst you will pay for it, they don’t.
Where are they? Would if they tried to house them, there be news stories of London/Cardiff families forced to move to Grimsby/Carlisle as that’s where the homes where?
There’s over 160000 empty homes in England and Wales. Not including students accommodation, derelicts, holiday lets or air bnb
Yes – but there are not in the places where they are needed.
Ah that’s whymy family is stuck in airbnb for past 3 months?
What is the solution to something like this?
Ban landlords?
What happens in 200,300,400,500 years as the rich get richer, dominate more houses, does the UK just become landlord owned and it’s way too late to do anything about it?
20% of households are already private renters, up from 10% in 2000, surely unless something is done then it will only increase?
Or am I overthinking or is something like this actually a possibility?
Edit: my reply had absolutely nothing to do with the post, Not sure how I’ve managed that but still genuinely curious about the above situation
“Empty homes” is a red herring. Empty housing doesn’t have any significant impact on the UK housing market.
Roughly 1% of the housing stock that is classified as long-term unoccupied, and that’s also roughly how much the amount of housing increases every year, so if hoarding of empty homes was the problem then the housing crisis would have been solved after a year or two.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1074411/Dwelling_Stock_Estimates_31_March_2021.pdf
Plus, you actually want some housing (usually a couple of percent of the housing stock, France has a target of around 8% I believe) to be unoccupied, because it gives prospective homeowners options – if nearly every home was occupied then prospective homeowners wouldn’t have any choice of properties to buy. We should be aiming for it to be a buyer’s market.
But they keep building on greenbelt instead of using brownfield sites
Complex long term problems with incompetent short term politicians. This will fester for years.
Wow, it’s almost as if people being allowed to buy 2nd, 3rd, and 4th homes for “investment” has fucked the housing market
Most empty houses are delapidated though.
Hell, half the houses being lived in right now should realistically be condemned.
Half the foundations rotted and leaning with black mold everywhere isn’t “rustic”, it’s a near collapsed shithole. Aka 20% of UK housing
That’s no surprise, i went to uni in Liverpool and there were streets of empty houses. Went back there recently and it’s still the same. Happening all over the UK.
So no housing crisis at all then – could it have been promoted by developers to relax planning rules?? Surely not
It’s almost as if the countries welfare policies are broken or something, who would have thought
But the racists told me we are running out of room
Need an empty house tax, why should people be able to hoard houses and not use them?
Silly Billy, homes aren’t for living in. They are assets for the rich.
I bet a large part of these homes are dilapidated farmhouses far from places where people work.