Let’s not forget that the five largest house builders are sitting on thousands of acres of building land but restrict the number of new homes built every year so as to maintain house prices. Add to this the often sub standard quality of many new builds- which are often leasehold leads to a need for a much tougher enforcement system in this industry.
I returned to the mortgage market after a divorce and finished paying a mortgage at the age of 80. Accommodation is needed at all times during our lives and paying a mortgage is infinitely better than paying rent. I sympathise with current potential buyers where the average price of a house is over £200 grand. In my case it was a mere £28,000 and I was earning £10 grand a year. The Halifax had recently increased the mortgage to three times salary so I was back in. Now I have grandchildren who were born into mortgaged properties and will need to generate deposits of 10% of the asking price before they get on what is euphemistically called the mortgage ladder. My vote is with the mortgage suppliers who want to accept lower deposits to enable first time buyers. Getting their parents to guarantee that the mortgage will be paid is part of the everyday experience of parents whose children had rented property while at university.
There is no ‘paradox.’ It’s simple. Immigration of millions means no housing, no public services, massive debt, and viciously suppressed working class wages.
Congratulations, brute capitalism, your work is done.
In normal circumstances there should be capacity in the housing system to cater for immigration. Most of the 90% of immigrants who come with Visas have capital and a job or university place and cater for their own accommodation. The issue is the 40,000 illegal immigrants who arrive on small boats and are incarcerated for months in temporary shelters and of whom 90% are granted residence as refugees. There is an obvious need for the UK to set up vetting stations in France that sorts out the 90% from the 10% who are truly illegal immigrants. So long as the British government pays millions to the French government for totally inadequate services to prevent the boats overloaded with refugees there will be no change in this activity. Just like paying £100 million to Ruanda to build accommodation for housing illegals and then failing to send any.
Let’s not forget that the five largest house builders are sitting on thousands of acres of building land but restrict the number of new homes built every year so as to maintain house prices. Add to this the often sub standard quality of many new builds- which are often leasehold leads to a need for a much tougher enforcement system in this industry.
I returned to the mortgage market after a divorce and finished paying a mortgage at the age of 80. Accommodation is needed at all times during our lives and paying a mortgage is infinitely better than paying rent. I sympathise with current potential buyers where the average price of a house is over £200 grand. In my case it was a mere £28,000 and I was earning £10 grand a year. The Halifax had recently increased the mortgage to three times salary so I was back in. Now I have grandchildren who were born into mortgaged properties and will need to generate deposits of 10% of the asking price before they get on what is euphemistically called the mortgage ladder. My vote is with the mortgage suppliers who want to accept lower deposits to enable first time buyers. Getting their parents to guarantee that the mortgage will be paid is part of the everyday experience of parents whose children had rented property while at university.
There is no ‘paradox.’ It’s simple. Immigration of millions means no housing, no public services, massive debt, and viciously suppressed working class wages.
Congratulations, brute capitalism, your work is done.
In normal circumstances there should be capacity in the housing system to cater for immigration. Most of the 90% of immigrants who come with Visas have capital and a job or university place and cater for their own accommodation. The issue is the 40,000 illegal immigrants who arrive on small boats and are incarcerated for months in temporary shelters and of whom 90% are granted residence as refugees. There is an obvious need for the UK to set up vetting stations in France that sorts out the 90% from the 10% who are truly illegal immigrants. So long as the British government pays millions to the French government for totally inadequate services to prevent the boats overloaded with refugees there will be no change in this activity. Just like paying £100 million to Ruanda to build accommodation for housing illegals and then failing to send any.