sain@vision .. All9 Jul 2016 13:16
It will hardly affect the sale of a house to the majority at current HIGH House prices... What was affordable for one person to buy 25 years ago... is now not affordable for countless couples to buy today.. .
The damage has been done ..The housing stock does not meet todays demand, and the demand is the problem of the increased population of Today...
Building more homes will obviously help... But building more homes while the population in still increasing is like Kicking the Can down the road, as it will never meet the demand.
And with more homes built and further population increases it will also constantly add to the volume of cars on our roads for every new house and another family... basic logic tells you increasing Traffic volumes creates more traffic jams and even slower travel times, and more increased nightmare parking issues in the future if current trends... continue. Many 3 bed house in London have over the last 25 years been converted into 2 flats and making many areas so densely populated that overcrowding is a big problem... A 3 bed London terraced house 25 years ago with a family of 4, after being converted into 2 flats, can have 6 to 8 people in the same building now and 3 cars outside if they can find a space to park..
I moved out of London 30 plus years ago and it was a problem then...God knows what it is like to live in that environment now. I Sold my London house for 13K, 30 plus years ago, now valued at over 650K now. No wonder house conversions have taken place and you can sell 2 flats in a converted 650K house, for 450K for each Flat for a total of 900K now...and flats being more affordable than houses now to the majority, so even cramming more people in the same building... Crazy times we live in now... But the reality for many today...
Obviously... This would be pro rata prices around the country in other big cities, and big cities have got more densely populated and are getting worse...Best move I made years ago to move near the coast... Less stress and aggravation that so many seem to have to endue every day.. it must be a nightmare in London now..
Using Oxford Street Tub Station last summer was a massive eye opener to how things are, we had the barriers shut in front of us because there was too many people going in ... and in 5 minutes a hundred or more were queuing behind us .. and some do this 5 days a week ..it is a mental way to get to and from work.... More people going into this tube station in that 30 minutes than live on my housing estate ... that is a serious issue, to have to deal with on a daily basis.. a sign of the times.. Yes it`s reality .. How do they put up with it and why. Just to earn more money and pay probably 3 times or more to live, with rents or a mortgage ... But that`s life as they say...
Amazing how a housing problem not solved years ago has grown into a bigger amount of different extra problems today..
Hope you enjoyed my post ..ATB