This Matters: UK housing is broken, can anyone fix it? - BBC News
Вставка
- Опубліковано 29 лис 2019
- More houses are being built - well, that's what every party is saying to get your vote.
But how come there aren't enough? And will any of them fulfil that promise?
Come and find out whether this election could really get you a nice house.
Please subscribe HERE bit.ly/1rbfUog
I remember my grandad saying he bought his house for a few hundred pounds, just goes to show how far we've gone
My oldman bought the house i grew up in, for just over a grand, in 1965.
My mother sold that house in 2000, for 195 grand.
@@drybokes7055 what size was the population back then?
Danny...if you looked at the average wage back then, a few hundred pounds would of been a kings ransom...most of the population were of course working class and most rented.
@@drybokes7055 so what
Its just inflation, wages haven't catch up yet
Cut migration
@T J aye
The reason there’s poor quality of flats isn’t because there’s a large group people renting private it’s due to the fact that the planning regulations were torn up.
The fact is the people who own houses don't want lots of new house because it will reduce their house value. Huge percentage of people don't really want it sadly.
I have to disagree, investors and landlords don’t want house prices to drop as it’s pure profit. For people living in houses or looking to buy then it’s win win, less money to upgrade to a bigger home as when prices drop they all drop and that frees up houses at the bottom for young people
1 year later homes are 300,000.
If the prices drop, incredibly rich people that can afford it will buy them up fast for above the asking price and rent them out . More people owning more than one home and more people not even being able to purchase a first. The gap will only get bigger
Then why not reject the rich from buying second home unless they are ready to give up old one.
Don’t forget the policies of the Bank of England has had a major role in this disaster
could you elapse on this? this could be a VERY good twist in my upcoming exams report!
hoping you get back to me c:
Arguably the main criminals in this problem
Easy solution, tax second houses with 25% VAT and property tax of 10% per year, and third houses and above at 50% VAT and 20% per year. Watch the supply explode as speculators and investors dump houses and suddenly, the fact that there are more houses than people in the world will be reflected in markets.
That might help, but it won’t solve the problem and it’s not the best solution given it could disrupt existing developers by forcing them to lose money on recent developments (they would not be able to sell to as many second-homeowners and instead at lower prices to first-time buyers). A better way is to increase the housing supply through a long-term reduction in planning regulation.
@@danielhalm5792 It depends what you think the "problem" is, which you seem to think is undersupply, and it it actually were a problem, would much more easily be solved by immigration caps and expansion of public housing. Actually though, the data shows that housing per capita is on par with the United States, while lower than the EU, isn't particularly low. With a .424 home to person ratio, the spike in prices is more due to gross market failures primarily from overconsolidation of the real estate sector by investors, paired with a huge and consistent influx of foreign (Chinese) absentee buyers.
That just disincentivizes increasing capacity and renovating your property. Land value tax will lead to actually high quality low income housing made in the quantity needed.
Punish speculators and slum lords and not the poor young looking for property!
So tax people who don’t waste all there money maybe cut down how much you waste on unnecessary stuff you might have money left at the end of the month
Stop letting people into the country. Job done
If 300,000 come in one year.... What could the problem be?
Nothing about unrestrained immigration?? Wow.
It's the elephant in the room tbh.
Maybe we should have not let the Tories sell off the council housing stock in the 80's.
Marc red....it was the only way many people could afford to buy their home, a policy which improved lives and gave working class families a chance.
Excluding people from ownership is a horrible idea. Less tax on own to rent landlords with imposed lower rent would help a lot, but isn’t on the table.
May be that should have bilt the houses that they promised to do and stop blaming the pople that have that worked 30 years for them
They did nt build any to replace them.
Fake and gay news
Expensive in England ?
Hong Kong : Hold my Molotov Cocktail.
@@art_means_artificial to me she is hotter then California Reaper Chilli
Not just the UK, but all over the world this is a problem. In the end you'll find that over population is the root of all the housing issues.
No more renting , prices have to come down. Making them more “affordable” only means letting you borrow more than you should anyway. Hard to stomach for most people but house prices have to come down
THEY WONT come Down Not Part Of There Agenda
Labour's plan to cap rent prices is definitely the way to go- if a building is already there then the usual argument that it could affect the market negatively doesn't apply.
If you cap the price of anything below the market rate then you get a shortage, which in this case means an increase in homelessness.
@@benbow7 Literally how could that happen, those homes aren't going to go anywhere because the amount they cost goes down. The housing market is unique in that respect.
True that the apartments won’t go away, but it will make maintenance uneconomical and buildings will go into disrepair. Besides, new apartments will be built in fewer numbers and in poorer quality. The best solution to lower prices is more competition, which is only achieved with lower regulation, easier business registration, and lower tax rates on new developers.
Then it has to be social renting not private, otherwise the poorer are still paying the richest mortgages for them
Our population had increased by 5 Millon YOUNG people. Old people live longer. We have primary school overflowing with foreign children. Supply is a problem but we are forgetting our population is growing to 73 Millon by 2035
Erm, no, old people already had homes.... the millions more migrants is the issue.
Why nobody talks about the corruption in the councils and tax avoidance in the housing market? The system is broken because theoretical facts, don't apply in practice due to corruption!
@G M This is not possible because immigrants usually do the hard jobs British people refuse to take (for example factory jobs). Someone needs to do the hard work too
@G M Stuff like the NHS. There are more positives of immigration than negatives. I'm a med student and I know some English doctors in the NHS considering moving out to Australia or Canada or the USA etc.... There is a massive shortage of healthcare workers in the UK.
My friend who crossed two seas on the boat to be in UK and who is a doctor said that pure horseshit.
🤣🤣🤣🤣🤣🤣 bull shit ...a scam doctor maby or a doctor of street drugs
Bring more ppl in. I'm sure it'll solve the problem.
In my area pretty much all the old farm land has been bought up to build cheaply built houses that still go for about 250 grand
I believe that unfettered immigration over the last 20 years has contributed to property to becoming so expensive to buy and rent. Compare this also to the long waits to get an appointment to see a GP. The infrastructure can no longer cope with the number of people now living here to need to be served.
too many people!!
inkitatus1 Exactly!
kick em out..
Just by a tent or blue tarp and lawn chair problem solved
And a hammock with a sleeping pad to really live it up.
Squat the Planet.
Tbh I’m 40 with a family and the UK housing market is screwing me too - and I’ve even got a half-decent career. Basically it’s some degree of inheritance or no chance of buying or retiring, even if I hunker down and don’t ever take holidays or buy a car, rent alone in the South near to London is over 40% of my take home pay - try saving for a mortgage or even emergencies with that
Same here in Canada house prices have out stripped wages by a large margin. Some day it will all come crashing down.
I think the problem is in lots of immigrants, not in new homes.
To be honest, I’m also an expat. My husband and I moved here as professionals.
Being Russians we had to obtain working Visas. We were waiting for visas for 3 months. We had to pass IELTS, proof qualification, make tuberculosis check. An employer spent thousands of pounds for our visas providing sponsorship. We can live in the UK only while we have a well paid job, an employer which provides sponsorship, in other case we have to leave.
On the other hand, I see immigrants who even don’t know English and they don’t need any sponsorship, work, visa to live here. Some of them even don’t want to work. Someone stole my wallet with BRP, driving license and money. Рoliсe can’t deal with all cases. We see increasing robberies, stabbing. I suppose these things have some connection to immigrants. I don’t want to blame anyone, but this is the reality.
And It’s not about Brexit. It’s about different attitude to different nations. Some people don’t have any limits to stay in the UK and they use their rights up 150%.
We live on island. The country literally has borders. It can’t provide homes and work for everyone in the world. Especially for people who can’t make positive impact.
I think, there should be strong rules for every nation without exception. Make the standarts for immigrants, for jobs for immigrants. Strict rules. All candidates have to show how they can be useful. If they pass all tests, they can live here, otherwise they have to train and work more and try again.
pete b UK doesn’t make sure people leave when they should whose fault is that?
Reduce immigration and leave it at that for government intervention
ingroundpool that won’t fix anything why you people always think immigration is the answer?
How about no immigration at all.
They can start by stopping eu citizens claiming housing benefits.
@pete b lol not after Brexit.
@@mrtrumpmrfaragemrjohnson324 I have no issue with migrants but if you need housing benefit as a non-citizen you shouldn't be here.
this is a lovely bit of journalism and production. great team!
This program tells me whitout any doubt that the BBC is biased and also working to protect the top part of the British society. We don't really need to build more houses. We just need a law that says: you can own only the house you live in and a second house for holiday ( which you cannot rent). If you want to own more houses, you need to pay a considerable fee for each one, and you will never be able to rent them. You don't need to be a genius to understand that this would fix the problem, just need to be honest...an honest journalist.
True. But also the new houses developers are building are so poor in quality, most people don’t want to live in them. They are very overpriced too for their size, space and quality!
NOBODY SHOULD BE ABLE TO HAVE MORE THAN 1 HOUSE. PERIOD..RENT A MOTEL,OR CAMP TRAILER!
Privatise the BBC make them work for a living 🤔🤔🤔🤔
I’m still living with my parents saving up for a mortgage I refuse to privately rent
2 years later… almost 50% of adults under 35 live with their parents… many rents have doubled…
Goodbye UK
This is NOT just a supply side issue. The number one reason house price inflation has run rampant over the past 20+ years is ultra cheap and loose credit. This cheap, easy credit almost destroyed the financial system in 2008, and has been propped up ever since. The average salary has stayed the same IN NOMINAL terms for almost the same period that average house prices have doubled. The only genuine explanation for this is that credit has exploded and in addition to allowing people to bid up prices it has made investing in property very attractive... If your savings account is getting 1.03% interest, ANY yield from a BTL looks good. So the stage has been set for BTL and corporate landlordism. Sadly every party is full to the brim with BTL landlords and they are in no hurry to stop interferring.
If demand exceeds the supply, you know central planners made it so.
Home Wall Globalist immigration policy caused this. First wave from Eastern Europe were prepared to pay good money to share the same room with others - costs rocketed in London from that point
Politicians are to blame
@@chinaisasshoe9378 the problems older than that, but it sure didn't help.
The reason for such high demand is due as much to low interest rates as it is population growth. Investors switched to bricks and mortar when interest rates on savings tumbled. The whole thing was designed to get foreign money into the country. It worked, as Arab billionaires and Russian crooks laundered their money in the UK through the property market. It will only stop when housing is seen as homes and not investment. I hope it tumbles and these billionaire property investment portfolios crash. If there is a world war then that will be the likely scenario.
I think it would be nice if you did a video bringing to light the issue with prior approval office to residential developments allowed by the government in 2013 (and still ongoing). I suppose it was meant to help make more houses but it’s actually created many unfit and inhumane ‘flats’ as it has been a loop hole abused by the market.
Great video. Housing is a big problem here in Brazil too.
As a homeowner, and a self employed Architect who makes his living from other homeowners, I believe we have let house prices get way out of control. I seriously worry about the prospects for future generations if we don’t address this now;
Scrap the green belt, no half measures.
Change the planning system from case-by-case to zonal.
Fund the creation of new towns.
Start a proper apprenticeship system at secondary school, like the German model, we need WAY more tradespeople.
Get the government back into the building game, the private sector cannot and will not meet demand.
Even if we did these radical moves it’s likely to take a generation for supply to meet demand. The best case is that housing prices stay flat for a few decades, allowing wages to catch up in real terms.
£280,000 for some labour bricks and pipes two bedroom house what a joke
I loved this video. The young need to understand what is happening in their country so that they can hold those responsible to account at the next election. Housing (shelter) is s huge issue, part of the most basic needs on Maslow's Hierarchy of Needs'. Any government that neglects this is not worthy.
Cut demand, especially foreign demand and cap homeownership. Citizens first and prosperity.
Cough cough open borders cough
Cough cough exploitative landlords and developers holding onto land to inflate demand. And if we get historic right to buy whilst not allowing that money to go into new council housing.
@@A1K300 fuck you
@Amir Shehu. No.
@@A1K300 you do you 👍 Anyone that thinks border control is the answer before capital or resource flight, worker and housing exploitation and so much more, needs to do some research or is disingenuous (or worse) about their fears.
@YoshiPeach Mario in many ways that's very true. But check out how much supply has decreased over the last 30 years and get back to me on the maths. Most migration although difficult in one way due to its suddenness, is almost always a fiscal gain on taxation and job creation due to the age people arrive. Also with asylum seekers the tories have not shared the housing pressure evenly across the country which when layered on top of underfunded councils is criminal negligence.
Housing everywhere is broken ♥️
This has become a permanent way of life, it's insanity inducing.
wow, opened my eyes
Great video 👍
"Building houses for the poor only makes labour supporters" George Osborne
Cant build them fast enough for the boat loads everyday arriving ....must stop .
@Clinton Pachingel whos paying?
@Clinton Pachingel so the people that dont support him the people that make this country tick....
I have been banging on about this for the last six years. Boris promised 400,000 houses in London - none have been built under Khans watch.
There is no provision whatsoever for people on low or no incomes and certainly none in proportion to peoples earnings. Everyone should have a home, certainly everyone who is native to the UK should have their own home and foreigners should have to rent. Investment Companies should be prevented from buying housing and leaving it empty for years.
Nearly 70 million population might have something to do with it, and still more people coming in
Open door policies on migration, maybe we need millions of new homes?
CORRECTION!! The average house in London West London especially is over £500,000 for a measly Flat never mind. £400,000 for dodgy Endz East like Hackney and North London.
Migration is the problem. Where do they live?
Fix the root cause.
2000 a day are arriving to find homes for ....then theres homes for ourselves!!
How are migrants buying houses in a stronger economy easier than the natives? Ask yourself if that makes sense. If they are, then they're working harder/smarter/earning more and thus can afford what you can not. Simple. You can vote for a government who builds houses or stick with the current lot who CHOOSE NOT TO because it keeps the prices of their stock higher. THIS is the issue. The housing crisis is a symptom of a selfish government. Immigration is another symptom.
@@JonathanGardnerTV So lets cut all welfare to migrants, ban then from social housing.
If they are net contributors, they are committing fraud.
In practice, most of them are not net contributors
Your look over here not there distraction doesn't work.
So how about the migrant shot yesterday? Where does he fit into your economic argument?
Says the once empire, Lord, now run by central planning, Comrade
I live in easr london. Without notice they stared renovation. Last 4 years was one landlord. From 27.09.2020 cam new landlord. He started to push me move from the house as soon as possible. At the moment it is very difficult for me. I need serious help. In this situation i have not any arrangment to move out. Please help me.
Damn this woman just said housing problem won't be solved anytime soon that too with a happy face.
The heart broken to pieces
The Immigration Invasion. It doesn't take a rocket scientist to work that out.
Our population should have increased by just a few hundred thousand between 2005-2015, but it went up by 5.1 million. Our leaders have betrayed us to fund cheap workers for the corporations.
@@jasondevon481 Pretty much the case. Even Windrush was for cheap labour for the NHS and LT. Same for migration from Bangladesh etc for the mills. Then it all goes tits up and the public have to pick up the bill.
Two obvious exceptions. Kindertransport and Ugandan asians, and that's asylum and that worked.
@@A1K300 it will be soon.
@@Nickle314
Windrush was a private endeavour, most in the Government were surprised when they arrived & there's footage of the immigrants admitting that they didn't bother applying for jobs before coming.
The government was running a program subsidising the Emigration of Native British Islanders at the time, which they continued for many years seeing the departure of over 1million people. (So immigrants were clearly not needed for post war reconstruction or the economy; just as they weren't after the first world war.)
No subsidy was offered for their return journeys
@@GodsOwnPrototype It was for cheap labour. Like almost all migration with a couple of exceptions. The EU was for cheap workers, surpress wages of the poor, and try and rig voting. Same for cheap Irish navies, ...
I wonder if having 300,000 net migrants a year with a much higher fertility rate than native Brits has anything to do with it ? 🤔🤔🤔
They want to achieve the Kalergi plan. Our globalist leaders in the West need to be arrested and charged with genocide.
LITERALLY THIS. My town centre is congested with muslims pushing their baby prams and pedalling Qurans on market stalls (Presumably paid for by benefits). It was never like this even a decade ago and my friends agree. I'm not just crazy and remembering things wrong.
We are being replaced. Just like the Romans were by the Saxons and the Saxons were by the Normans. Soon they will have control by numbers of the voting system and we will be stuck forever with a labour left wing government importing more foreigners in until we are completely replaced.
@@blackham7 yes, things have downgraded massively since the early 2000s, and everyone knows it, remember you're not on your own friend.
Who’s fault is it that British women rather spend their time shagging 4 guys a week & on Tinder and than finding a ‘good guy’ settling down and starting a family like normal decent people.......
It's broken due to nothing else in the economy is booming.
Previous month I was able to receive my first five figure wage ever!!! I've been working for this provider on the net for two years now and I never been happier... They are paying me $95 per hour, and the most important thing about it is the fact that I am not that tech-savvy, they just required standard knowledge of internet and plain typing skill...The best thing about it is that I have more free time for my loved ones. I am in a position to enjoy quality time with my family and friends and take care of my babies and also going on family holiday with them very often. Don't skip this opportunity and try to respond quick. This is what I do... *foryou49.com*
@@SusanPDavis nope
It’s broken due to unnaturally extreme levels of immigration. First wave Eastern European’s would tolerate paying to share rooms - Everything snowballed from that. Politicians entirely at fault.
🐷
We have some housing estates being built in our area but they are too expensive for local people to buy. Meanwhile my daughter with three children are being evicted from their house because the owner wants to sell
It's been broken since 1996 and you know it, humans need education to this horror of dept and price manipulation, 1991 House =25k and now 2012 same house 200k, but wages 1991=12k average UK wage and now 2021= 23k fact and increasing job insecurity too, unfortunately this totally mad
the sound is not good I am quite disappointed
Yes. Stop building estates with huge paths and tiny roads with no off-road parking and two bedrooms and no garden.
We want 3 or 4 bedroom houses with 80 to 100 foot gardens with garages and multiple off road parking spaces. & then because our wages are very poor compared to the US we need to half all taxes taxes so more money is in people's pockets to keep up with the massively high prices. 30k in 1995 on £200 a week for a 3 bedroom house with a garage and garden with multiple off road spaces and now it's worth 300k so it's made allot of people very rich while left others with no way to buy a house in the future as these same people own multiple houses and put them on the market to rent at £700.
Since this video was made, in my area, I've seen dozens of empty properties, if no one has lived in them for a certain amount of time then they should be allowed to be taken over, yes they may require work, but at least it gets people on the housing ladder and the council gets council tax from the property.
Another issue that needs addressing is the cost of rent, there needs to be a rent cap, it's got out of hand, something has to be done. Another thing that needs to be capped is the amount of properties anyone can own, it's pure breed from landlords who are allowed to get away with it
For a video about pressing topics, she has the most joyful smile ever!
Careers with highest proportion of psychopaths...
CEO
Lawyer
Media (TV/radio)
Salesperson
Surgeon
"""Journalist"""
Police officer
Clergy
Chef
Civil servant
There’s a massive difference between the property market and council houses. Stamp duty is too high. Council tax for home owners is too high. No one can sell and no one wants to buy
Don't vote for parties that make promises and don't fulfil them
So basically every party..?
Build more and restrict maximum number off residential buildings any individual/couple /company can own to 2 or 3 ( but bring it down gradually) so we use what we have more efficiently 🤲
We let in MILLIONS of foreigners in a short period and that raised the price of housing. High demand combined with low supply makes high prices - simple economics. Our population raised by 5 million more than it should have done between 2005 and 2015. Get Brexit done and keep tight borders or it will become worse.
Some segments in the video are stamped not adjacent to each other
They introduced this mid market rent bullsh*t. Its supposed to be affordable for working families. Its NOT. My mum tried to apply for one and was told she would need to be earning at LEAST 45K per year. Theres no way she will ever be able to afford that on her wage and neither will I. Its a fkn disgrace.
WHY DID ENGLAND OPEN THERE DOORS TO THE WORLD, IF NOT ENOUGH HOUSING? I don't understand? Stop the TAPE AND GET A REAL PERSON TO FIGURE OUT HOW TO FIX IT.
Just want to say minimum wage 20 years ago were £6 now £8 that's £2 increase while houses have tripled some quadrupled and some well 5-10x the price which is dumb to be safe and afford a house we need a minimum wage of £12 to be safe as that would be far but nope the rich get richer while the poor get poorer
Root of the problem is the type of houses being built since the 19th century. Since land is scarce, the Terrace houses have to be demolished and built flats to replace them. Build and use the available space in the atmosphere, upwards towards the sky
Either put a cap on how many properties landlords can own (with no loop holes) or make landlords pay council tax instead of the tenants...
0:22 it wasn't your ''own home'' if you were renting it from a landlord. Some people are hilarious
You failed to mention under occupancy and the expansion in the mortgage to income ratio. Supply is only one part of the problem
So lets throw everyone out who under occupies shall we. Will your parents move in to some dingy flat in a strange neighbourhood when they become under occupied, purely for your convenience? Too many irresponsible people thats your problem all expecting society to solve their issues!
it's not about supply it's about debt
people buy houses with a mortgage
the bank becomes the price-setter
debt grows exponentially
the economy growth is an S curve
------------so it's mathematically impossible to buy a house🏘
I Don't know why anybody would choose to live in Britain or want to remain there, it's a mess, a million Poles decided to, we moved to Poland and own our own new house in a beautiful country where everyone can have a slice of the cake if they want to. I'm really pleased that 3 of my children have a council house and my forth has just bought an ex council house for 80k, so 100% of my children are not homeless, how did THEY do it then ? luck ?
What is the answer?Higher prices sounds crazy right but like any inflation of you let prices keep rising no one will buy and the market will have to drop to a level that’s affordable.
im an architecture student, all can i say is you all need too deconstruct the meaning of "house", how many hours do you stay "in" your house (in this context im preferring to younger adults), for example even a snail needs only its 1.5 of its size, microhouses everyone! look it up.
We build approximately 180000 a year every year for last 20 years, we don’t have any more builders to build more homes???
We very often have "boomers" telling the young to "work harder" but they neglect that they were very lucky to be in a position to buy their homes during a time of relative prosperity and when houses were plentiful and cheap.
It’s about greed
Yeah the greed of man take as much as possible give as little as possible.
Crazy concept but has anyone tried buying in a cheap area? I'm 26 and got a cheap house. We can all sit and complain online but nobody is gonna fix the problem for us. So simply adapt.
Did you ship in a bunch of people to house?
it's not that there isn't enough houses, it's that there's too many people trying to get them, it's what happens when you don't moderate immigration
Immigrants contribute more than take from this country, it's the government who haven't built houses to accommodate and decided to cut spending all together which has caused this issue. There's plenty of space and plenty of money to build.
She's back again.
To fix it you would have to devalue everyone's house by about 90%, no one's going to want that
Didn’t heat the news either,did you look at the lead?;)
houses are only expensive for under 35s? do I get a disccount for being 42??
Playing Minecraft takes the edge off for me.
Government will never be able to meet market demand for housing.
To fix this we must look at the systemic reason why the land that is already out there and available is not meeting the demand.
Hoarders and speculators are awaiting profits off these unending rises in housing. They are profiting off the efforts of their community while doing nothing!
Only land value taxes will push them to develop sell so actually productive members of the community can live and create opportunities for themselves and others.
Housing is devolved in the UK, hence why Right to Buy is abolished in Scotland, Wales is next. x
Hey we have the same problem in the US
At least still cheaper than in Tel Aviv
... isn't it just because of the number of people and not the supply of housing?
3:40 untrue
If you're struggling to house the people you already have in your country, mass importing hundreds of thousands more and letting them jump the queue is ridiculously stupid and illogical
I don't know about Britain specifically, but this video does not address the root cause of housing shortages everywhere: zoning laws. Usually, housing shortages are caused by governments imposing strict zoning laws that prevent the measures that could alleviate the shortages, such as restrictions on building height, minimum house size, and non-safety related building codes for houses, which make them more expensive and harder to build. Get rid of these restrictions, and you'd see a lot more skyscraper apartment complexes and tiny houses, which would go a long way toward solving this problem.
Carve your deposits from the families of the estate agents. If they do not fear reprisal, they won't fear overstepping their boundaries.
Make interest on mortgages illegal after all you are only paying interest on a loan you have made to yourself. Not a lot of people know that
Whatever government incentive is made for the buyer, the property developer inflates the cost before applying the incentive. The buyer thinks they are getting a bargain, the housing developer makes bigger profits. Affordable housing should be renamed - Unaffordable housing - as hardly anyone can afford those schemes anyhow.