Daydream believer
Well-Known Member
To explain the housing shortage by saying "it's immigrants" is a ridiculous argument. They have a small effect but:
+ the aging population profile meaning housing stock is kept by a person longer,
+ the reduction in the number of family generations living together,
+ the number of developers sitting on land with planning permission to artificially boost house prices,
+ absentee owners buying for profits (in some new builds, 80%+ of properties are bought as investment and have no body living in them),
All have a greater effect.
What happens if we're unlucky enough to Brexit is unknown. We could have a situation similar to Switzerland where we continue to pay in, have free movement of goods and services, implement most of the rules but have no say, or a trade agreement but have to obey all non trade rules that they may wish to impose.
Either way, the EU can't afford to let someone walk away scot free.
I disagree. Remove the 2M immigrants ( or whatever number it is ) & you immediately have a load of houses free . Of course you cannot do that but when immigrants come here & jump housing queues then there is a case for restricting immigration. Housing associations are financing many houses for social rent but the number given to foreign citizens is disproportionate to those already here.
Developers do not sit on land just to profit from price increases. The planning process is so long winded & unreliable with limited predictability that they have to stock up in advance to give a smooth work flow. If they get planning for 1000 houses & built them all immediately they may have nothing for next year. It means greater borrowing to do the 1000 in one year compared to doing it over 2 years. If they had consistency in the way planning was approved & consistency in land availability they would need less stocks. When land is available they still have to tenedre for it & may not manage to buy it in steady annual quantities
I am not so sure that there is a reduction in families living together. Housing shortage produces some problems with live at home offspring & there is a gradual increase in the age of first time buyers demonstrating this
As for investors buying & leaving empty houses - I think this is just a jealous socialist view with little to prove it. Most investors get them rented out ASAP to generate a return. Purchasing houses just to sit "on" rather than "in" is generally older properties which may be down for redevelopment & often delayed by planning & regulatory issues. I see nothing wrong in buying houses for rent. The current market needs all the rented properties it can get. If only to force down the price of rents on a "supply & demand" basis
Why can the EU not afford to let us walk-- Well because when others see how successful we are other countries will follow & the whole thing implodes
Immigration is - at present- a major factor in the argument for exit, but i feel it distorts the issue as the current "crisis" is a shorter term issue caused by wars in the east. True there is also the problem of membership of the EU allowing countries without the "western culture" bringing somewhat unsavory types into our country. However, if we developed a culture whereby they had to adopt our ways then the immigration & race issue would be reduced.
What is just as important are the restriction placed on what we do out of the EU. Out of the EU we should be able to reduce cost & be more competitive. We can also dump the fishing & agriculture policies. But little is being said about that by politicians.
As for following rules for trade. Of course we have to supply goods that meet their regulations. Goods supplied to us are no different, we also impose regs on what comes into us. Point is that we will not have a problem because many of their standards were obtained from us in the first place. The British Standards Institute had a good income from the sale of these standards to the EU.