Massive Sheffield Housing Crisis On Its Way?

[ab6262 202]

18 hours ago, The Joker said:

Irrelevant to the topic.

 

Legal immigration increases pressure on housing, as you already mentoined in this thread.

 

they are more likely to be buying at the mid to top end of the market, hong kong has the highest value per sq ft along side monaco in the world,  so they can afford it.

this also releases the lower chain slightly and so allows more to move up from the lower end of the market and releases more.

this is where the shortage is first time buyers and people moving sideways are wise and this is what is pushing prices up

18 hours ago, tinfoilhat said:

What they going to do then, sleep in trees?

see above there are plenty of properties in the mid to higher bracket.

[The Joker 10]

5 hours ago, ab6262 said:

they are more likely to be buying at the mid to top end of the market, hong kong has the highest value per sq ft along side monaco in the world,  so they can afford it.

this also releases the lower chain slightly and so allows more to move up from the lower end of the market and releases more.

this is where the shortage is first time buyers and people moving sideways are wise and this is what is pushing prices up

Please explain how increased pressure at the mid / top end will result in lower pressure at the bottom end?

 

You've explained the scientifics of squeezing a balloon, but not how a increase in the number of immigrants will result in lower house prices

 

 

[ab6262 202]

12 minutes ago, The Joker said:

Please explain how increased pressure at the mid / top end will result in lower pressure at the bottom end?

 

You've explained the scientifics of squeezing a balloon, but not how a increase in the number of immigrants will result in lower house prices

 

 

sorry? lower house prices?

[Michael_N 36]

S5 has massively shot up in price in recent weeks, now looking at between 130=140k for a standard 3-bed ex council semi/terrace!

 

Example - 3 bedroom terraced house for sale in Holgate Crescent, Sheffield, South Yorkshire, S5 (rightmove.co.uk)

 

This four bedroom Sheffield home with a fabulous garden could be yours for £170,000 | The Star

Edited July 14, 2021 by Michael_N

[mafya 246]

On 14/07/2021 at 09:15, Michael_N said:

S5 has massively shot up in price in recent weeks, now looking at between 130=140k for a standard 3-bed ex council semi/terrace!

 

Example - 3 bedroom terraced house for sale in Holgate Crescent, Sheffield, South Yorkshire, S5 (rightmove.co.uk)

 

This four bedroom Sheffield home with a fabulous garden could be yours for £170,000 | The Star

A three bedroom semi detached in shirecliffe on the next road from me went up for sale after the elderly owner died.  It Needed slight modernisation and the asking price was £130k.

I was a bit surprised  and thought it wouldn’t get that but surprisingly within a week the sold sign went up!!

[Findlay 116]

Time to nationalise and build affordable housing and infrastructure. It wont happen of course as where there's a penny , there's a politician. 

[Anna B 1,414]

On 19/07/2021 at 15:03, Findlay said:

Time to nationalise and build affordable housing and infrastructure. It wont happen of course as where there's a penny , there's a politician. 

I couldn't agree more. I'm dismayed that so many people can't see how necessary it is.

 

The trouble with living in a privately rented place is the tenant is never really secure, as the landlord can sell up and the tenant be out on their ear through no fault of their own. 

The Conservative government are ideologically opposed to social housing, so the old council house infrastructure is never going to happen, and 'Affordable housing' is not affordable to many.

[Anna B 1,414]

On 22/06/2021 at 08:48, the_bloke said:

It's been well publicised that housing prices across the country are going up at a high rate as people want bigger houses to work from home and more people have the money to buy as lockdowns have enabled people to save money for bigger deposits than they would normally.

 

It's called fleecing the buyer, and the only people in a buying chain that get to take advantage of it are those people downsizing.

Nationally, house prices have been skewed by the predominance of Buy-to-let landlords keeping demand high at high prices. Market forces have not been able to work properly at the lower end of the market to allow first time buyers in.

And also second home buyers able to afford holiday homes in attractive areas are pricing locals out.

 

Last time there was a serious housing crisis of this magnitude after the war, the Labour Government stepped in and built good quality social housing. IMO social housing is a necessary part of any country's infrastructure. 

[ECCOnoob 1,040]

36 minutes ago, Anna B said:

I couldn't agree more. I'm dismayed that so many people can't see how necessary it is.

 

The trouble with living in a privately rented place is the tenant is never really secure, as the landlord can sell up and the tenant be out on their ear through no fault of their own. 

The Conservative government are ideologically opposed to social housing, so the old council house infrastructure is never going to happen, and 'Affordable housing' is not affordable to many.

With exception of those with genuine needs and infirmity, I'm ideologically opposed to it too.  It breeds a sense of entitlement to and over something they don't own and something that they rest of us are subsidising to enable their massive below market rate discounts.

 

As for this tired argument on affordability it's apbsolute nonsense.  Young persons on average incomes manage to scrimp, save up and buy houses all the time.  

 

Two 21+ adults working full time on minimum wage bring in after tax combined income over £32,500 a year.   If they want it enough that will be more than sufficient for them to save up for a starter home on the wrong side of town, get their first steps on the property ladder and start building up like everyone else has to.

 

Presumably by the time they are looking for the two to three-bedroom homes is the earlier post, one of them at least we'll have moved up the ladder a bit and be in a better position to be affording the increase money.

 

It's basic financial responsibility.  Nobody fit, healthy and able to pay their way should be owed a lifestyle propped up by others.   State support should be for those who need it.  

[Anna B 1,414]

So apart from infirmity, what do you consider to be 'genuine need.'

[nightrider 13]

2 hours ago, ECCOnoob said:

With exception of those with genuine needs and infirmity, I'm ideologically opposed to it too.  It breeds a sense of entitlement to and over something they don't own and something that they rest of us are subsidising to enable their massive below market rate discounts.

 

As for this tired argument on affordability it's apbsolute nonsense.  Young persons on average incomes manage to scrimp, save up and buy houses all the time.  

 

Two 21+ adults working full time on minimum wage bring in after tax combined income over £32,500 a year.   If they want it enough that will be more than sufficient for them to save up for a starter home on the wrong side of town, get their first steps on the property ladder and start building up like everyone else has to.

 

 

Cheapest terraced house for sale in Sheffield currently is £50k

[the_bloke 17]

6 hours ago, Anna B said:

Nationally, house prices have been skewed by the predominance of Buy-to-let landlords keeping demand high at high prices. Market forces have not been able to work properly at the lower end of the market to allow first time buyers in.

And also second home buyers able to afford holiday homes in attractive areas are pricing locals out.

 

Last time there was a serious housing crisis of this magnitude after the war, the Labour Government stepped in and built good quality social housing. IMO social housing is a necessary part of any country's infrastructure. 

I remember my house price doubling in a few years in the early years of the 2000s; we had far more social housing then as well as a buy to let market and holiday homes. Was that the fault of the Conservatives as well, who managed to preside over a housing price crash in the '90s?