Have a play with this: www.bbc.co.uk/news/business-23234033 It is truly frightening. Assume you want a 3 bed mid-market property. £20K down and £700 a month on your mortgage. On paper 37% of the UK's housing stock is available to you. Yet you will get nothing south of Northampton and most of what you can afford is in cabbage-patch land, where no-one wants to live. Which is probably why it is so cheap.

Have a play with this: www.bbc.co.uk/news/business-23234033 It is truly frightening. Assume you want a 3 bed mid-market property. £20K down and £700 a month on your mortgage. On paper 37% of the UK's housing stock is available to you. Yet you will get nothing south of Northampton and most of what you can afford is in cabbage-patch land, where no-one wants to live. Which is probably why it is so cheap.

Capping benefits isn't the solution.

London needs more houses to be built, both private and council and the buy to let landlords need bringing to heel. Maybe a higher rate of tax should be imposed on earnings from property rental or capital gains from investing in property. This would make property investment less lucrative and hopefully result in people buying houses for a home for themselves rather than an investment.

I guess you don't live in London. Where would you build these houses? There really is no room.



Landlords are supposed to declare their rent as income and pay tax on it. I suspect many don't.

I am in danger of adopting a left-leaning policy, but I would support 60 or even 70% tax on rental income. Too many people are using houses as investments and it is depriving others of places to live and put down roots.

Especially many of our newly adopted immigrants.
They deserve the chance to get their feet on the first rungs of the property ladder to integrate, invigorate and diversivy our proud multi-cultural 21st century society.

I live in London and was looking into moving out into one of the surrounding counties (Hertfordshire/Bedfordshire/Buckinghamshire) I had a few estate agents around to value my house. They've valued it between 215k and 225k.

My house is tiny, in fact it must be on the very limit of the definition of 'house'.
It's a back to back terrace with 10sqft front garden, downstairs is open plan front room/kitchen with a bathroom (en suite size) and a bedroom big enough for a double bed and wardrobe.
This apparently is a first time buyers property, 215k is a first time buyers? In the area I'm from in the north a ftb property is 40k for 215k I can get a 5 bedroom detached house with front and rear garden and garage.

London is scandalous, for working class/lower middle class people will be working 35 years to pay off a house. I'm fortunate and only have 8 years currently but I feel for ftb now. My house has dropped and risen in 7 years by 40k.
40k in 7 years and you feel for those saving money for a deposit, it's rising quicker than they can save.

Introduce Land Value Taxation and you'd be surprised at how much land suddenly became available

Back on the old social housing debate again eh ?

Said it before and I'll keep on saying it - when I was in the building trade from '74 to '84 the company I worked for were involved in the construction and refurbishments of tens of thousands of council or housing association properties the vast majority of which were central government funded - have a look if you can't recall or aren't old enough to know, at which colour of government were in power during those years, the answer is both Red and Blue governments and the Red government were far, far more left than they are now and the Blue government was, well, somewhere like where Tony Blair ended up, but still...

You might also check what the economy was like during those years, it was up and down and when it was down it was on its knees, you kiddies may not know about three day working weeks (and three days pay) because there wasn't enough electricity to run the country, but there were rough old times in that decade.

All of which begs the question - how the hell could we afford to build hundreds of thousands of local authority and housing association rental properties and MOST IMPORTANT, rent them out at rates that didn't feel like you were having your wisdom teeth pulled out when you signed the lease ?

The answer is of course, political will and public attitude.

As we know from Standee and his experience in this line of work in recent years, social housing for rent is now looked upon as short term and emergency housing, at some point in the preceeding 40 years we as a society have changed our attitudes to social housing in a massive 180 degree swing, it is now just not the done thing for a young couple to think about putting their name on a council list even if their council had properties for them, not only that we are now happy to stigmatise social housing tenants as non-workers, scroungers and cheats for having too many bedrooms and leaching from the rest of us to pay for their luxurious mansion style extra bedroom houses.


I'm fairly sure its not me thats gone mad but sometimes I doubt myself.

Most of Herts (except say Watford is very expensive). Beds. maybe a good bet but commuting is more expensive.

Something in The Sunday Times today about how the UK is, or will shortly be, the fastest growing Western economy.

Growth built on a housing bubble and consumer debt?

Where have we heard that one before?

I actually wanted to move back up North but the wife vetoed it, I'd lined work up and everything. This is a kind of compromise the areas I've earmarked are Letchworth,Tring and Hitchen but keeping my options open. I shop in Watford(Harlequin)...no thanks to living there.

The prices are rising at a silly rate though, I don't know what can be done though, it's getting silly that all the service workers, nurses...basically your normal average wage worker can't afford to live in London, rich foreigners buying central properties they only stay in probably 3 weeks a year is turning it in to a giant ghost city.

Oh the irony, welcome to the South West of the last ten years.

Rich Londoners buying 2nd homes and cottages, driving out the local population and leaving whole villages with hardly a light shining from Sunday to Thursday nights but everything illuminated on Fridays and Saturdays. Then the leary bastads complain that the local pub and village shop have closed.

After flat lining for four years. Big whoop.

This growth is still miniscule compared to that which has been seen in all major economies whilst we were held in recession by the towel folder's ridiculous policies.

Never mind, at least they've got borrowing under control...

Why are you repeating this rubbish? It's embarrassing for you.

Looks down, reads Ajw71's sig...

Quite wrong and flies in the face of the facts.

"There is now growth across virtually the whole economy" source The Guardian

Although it is possible to have a recovery without a rise in consumer spending, that recover is likely to be very weak because consumer spending accounts for almost two thirds of our GDP (62%) therefore expecting all the growth to come from the remaining 38% is asking too much.

Evidence: In the final quarter of 2013 consumer spending rose at a slower rate (2.4%) than the overall GDP (2.7%) This rise in consumer spending was dwarfed by the increase in investment 8.7% and business investment 8.5%

Of course consumers played their part in the recovery. Of the 2.7% rise in GDP, 1.5 percentage points came from consumer spending. Their contribution to growth, just over half, was however smaller than their long-run 62% share of GDP

All three of the main sectors of the economy grew over the past year; industrial production by 2.3%, services by 2.7% and construction by 4.3%.

As for "consumer debt" most of this borrowing is in the form of mortgages to finance house purchase, not current spending. The pre-crisis norm, using housing equity for holidays, cars and kitchens, went into reverse in 2008 and is still in reverse now.



Well I guess this rubbish you keep quoting is from that discredited fraudster Danny Blanchflower whose crystal ball has been a bit cloudy for several years now.


Source: ST

Err....we have just had the five consecutive quarters with growth! Your comment is more like a Big poop!

another example of Austerity working www.bbc.co.uk/news/uk-27238201

another example of Austerity working www.bbc.co.uk/news/uk-27238201

Quote ="SmokeyTA"another example of Austerity working www.bbc.co.uk/news/uk-27238201'" I think you are mistaken. You have chosen an example of greed working. For a serious fraud case to be stopped after defendants claimed they could not get adequate representation because of cuts to legal aid is a first. What a great defence. The government has reduced the legal aid fees in very high cost cases (VHCC) by 30% so we now have barristers refusing to take VHCC because now a QC will only earn about £100,000 for working on it and a junior barrister will now earn only £60,000. These latter day Rumpoles may be feeling just a slight pinch but you can hardly say this is austerity.

Quote ="SmokeyTA"another example of Austerity working www.bbc.co.uk/news/uk-27238201'" I think you are mistaken. You have chosen an example of greed working. For a serious fraud case to be stopped after defendants claimed they could not get adequate representation because of cuts to legal aid is a first. What a great defence. The government has reduced the legal aid fees in very high cost cases (VHCC) by 30% so we now have barristers refusing to take VHCC because now a QC will only earn about £100,000 for working on it and a junior barrister will now earn only £60,000. These latter day Rumpoles may be feeling just a slight pinch but you can hardly say this is austerity.

I have said it before on other threads - despite the image of 'fat cat' lawyers, there is no money in criminal law.

A newly qualified solicitor or barrister will probably earn £20K before tax, if that. A barrister will have to fund their own expenses and will not get holiday pay either. This is having spent several years studying and then a year or two as an apprentice, before being allowed to call themselves a qualified lawyer.

Once you gain several years experience, the absolute top-wack is about £40K-£60K depending on what you are doing, how hard you are prepared to work, and how many unsociable hours you rack up.

There are a small number of very experienced solicitors and barristers working on VHCC. I do not begrudge them the money, as it is peanuts compared to what could be made in other areas of law. They could make considerably more in something like commercial or chancery, where newly qualifieds can earn £100K p/a from their first day of starting work.

You may get paid £60K for a VHCC case, but that will probably represent the best part of a year's work, on which you will pay 40% tax. And during this time you probably won't be working on anything else either.

As the article states Legal Aid costs about £2bn a year with half of that going on criminal defence. This is not peanuts! and anyway barristers are really actors who do it because they like dressing up in funny clothes. I have never met a poor one yet.

Its market conditions in motion, HM Government has pitched a bid which is too low if as noted in the article that not one single barrister has agreed to the lowered amounts, if such cases cannot be brought to court in a fair way then its a result of the low bid, the markets will rule as always.

On the subject of criminal legal aid, you really do have absolutely no idea what you are talking about.

You just see a bottom line figure and assume it is a lot of money, without understanding any of the complexities behind it.

Of course, this is what the Government want you to do.

Well it would be helpful if you could provide some detail to prove that you do know what you are talking about because so far it is just your opinion.

So far your opinion is based on assumptions. You have assumed that I have no idea of criminal legal aid, you have assumed I am not aware of the complexities of criminal law and you have further assume that I believe what the government want me to...whatever that means.

I am not taken in by government spin but neither am I taken in by a very rich and powerful Temple lobby.

The government has listened to the Law Society and have made changes to their initial proposals. The proposals require better efficiency and will initially consider better use of technology – for example holding short hearings by telephone or web or video-based applications. It will also consider ways of cutting the number of pre-trial hearings that require defendants in custody and advocates to attend court. This is not aimed at reducing hourly pay when working - but reducing cost that could be avoided.

Leveson’s review is expected to make recommendations for changes to the Criminal Procedure Rules to maximise efficiency and support the implementation of any changes proposed.

My comments were aimed at the barristers and not the solicitors who in many cases do earn very little when doing legal aid work.

Not answering my questions Elpers.

Typical Tory .