Wondering if there's anybody looking to buy/sell around now or soon and what they are doing about it?
I'm a First Time Buyer who decided I'd start saving for a house in January 2020, I've now got 3 times my original target but still can't afford what I'm after due to the increases. Many are now predicting a crash but that'd need to outweigh the rise in mortgage rates to be helpful for buyers.
Apparently it could still take a long time to hit the market and over a year to reach the bottom before recovering, even 2-3 years.
New builds are going up all over the place but you're doing well to find anything under £200,000. There were 30sqm studio homes by leith links that was still about £150k. Put your keys on the table and the place is a mess.
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Thread: Housing
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10-10-2022 03:35 PM #91
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10-10-2022 03:43 PM #92This quote is hidden because you are ignoring this member. Show Quote
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10-10-2022 04:43 PM #93This quote is hidden because you are ignoring this member. Show Quote
I don't think we will see anything like that this time, but will will plateau and potential drop a percentage or 2. If people are waiting on a huge crash in the Edinburgh market this time, I just don't see it happening.
I recently bought a home 2 miles from the City Centre and got it for £7,000 below home report value. Anyone paying massively over HR at this time may get a shock if they are planning to move in the next few years.Last edited by Since90+2; 10-10-2022 at 04:52 PM.
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10-10-2022 04:54 PM #94This quote is hidden because you are ignoring this member. Show Quote
And congrats on the new homeLast edited by KWJ; 10-10-2022 at 04:57 PM.
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10-10-2022 05:25 PM #95This quote is hidden because you are ignoring this member. Show Quote
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28-10-2022 10:54 AM #96
https://news.stv.tv/scotland/emergen...x=1666951914-1
Becomes law today. Medium to long term, this policy will fail and result in less houses being built. Short term, I have sympathy. If they leave it at 6 months (they won’t) then it will be a good thing.
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28-10-2022 01:13 PM #97This quote is hidden because you are ignoring this member. Show Quote
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28-10-2022 03:37 PM #98This quote is hidden because you are ignoring this member. Show Quote
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15-11-2022 11:26 AM #99
https://www.theguardian.com/uk-news/...box=1668514423
While it’s fun to have a pop at private landlords, it’s usually housing associations where the worst housing is found.
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15-11-2022 11:59 AM #100
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While it’s fun to have a pop at private landlords, it’s usually housing associations where the worst housing is found.
I would agree to a point but there are some good ones. I work for one in Edinburgh and can state with absolute confidence that we are one of the best.
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15-11-2022 12:17 PM #101This quote is hidden because you are ignoring this member. Show Quote
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15-11-2022 01:20 PM #102
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What happens when you sell of social housing. Tax payers money straight into the pockets of the rich
https://mobile.twitter.com/georgeeat...64903544315905
@georgeeaton
High private rents mean the UK now spends more on housing benefit each year than on most government departments – today's
@NewStatesman
Chart of the Day. https://newstatesman.com/chart-of-the-d
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15-11-2022 05:38 PM #103This quote is hidden because you are ignoring this member. Show Quote
I agree re the urban renewal bit, but private landlords as a rule don't work in that area most are letting existing properties and in that area Housing Associations have worked to less stringent legislation for years, it's only recently they've been asked to improve their smoke alarm provision to match what private landlords have had to provide for some time as an example.
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15-11-2022 05:56 PM #104This quote is hidden because you are ignoring this member. Show Quote
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15-11-2022 06:56 PM #105This quote is hidden because you are ignoring this member. Show Quote
From a Tenant perspective the legislation is more onerous on the private side however the Scottish government is working to bring the social sector in line with the private.
I do get that the corporate governance side is more complicated on the social sector tho.
Apologies if you're talking about England, they do have a way to go, we're trying to operate those properties we have to the higher standards we have here, if so I'd agree with you on every level.
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15-11-2022 07:01 PM #106
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16-11-2022 04:54 AM #107This quote is hidden because you are ignoring this member. Show Quote
You obviously don't work for the Port of Leith then ?
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16-11-2022 03:54 PM #108
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You obviously don't work for the Port of Leith then ?[/QUOTE]
Nope.
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27-03-2023 07:42 PM #109
Tonight’s panorama is worth a watch for anyone interested in this subject.
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27-03-2023 10:32 PM #110This quote is hidden because you are ignoring this member. Show Quote
Last edited by Santa Cruz; 28-03-2023 at 06:16 AM.
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29-03-2023 07:18 AM #111
https://www.bbc.co.uk/news/business-...team=editorial
Badly need to build more housing.
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29-03-2023 07:19 AM #112This quote is hidden because you are ignoring this member. Show Quote
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29-03-2023 07:50 AM #113This quote is hidden because you are ignoring this member. Show QuoteThere is no such thing as too much yarn, just not enough time.
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29-03-2023 07:54 AM #114
Yeah
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Any landlord that makes deliberate false statements on applications , makes alterations to properties without relevant permissions , breaks building regulations , or lets rooms to people that do not comply with minimum standards should have their properties compulsory purchased by the local authority who should refurb. it and add it to their housing stock .
Once a few dozen offending landlords have lost their slums it might make others wary of completely disregarding the rules that exist.
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29-03-2023 08:08 AM #115This quote is hidden because you are ignoring this member. Show Quote
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29-03-2023 08:18 AM #116
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29-03-2023 08:38 AM #117This quote is hidden because you are ignoring this member. Show Quote
When it comes to housing the private sector is failing. The fault of that isn't entirely at their door of course but it's a failure nonetheless. As has been pointed out above we seem to get either expensive 2 bedroom flats that are of little use to families, those on low incomes or those looking for single occupancy or we get 3, 4 and 5 bedroom developments that price out a huge chunk of young families. I think a lot of first time buyers would be more than happy with a small but functional 2 or 3 bedroom house, maybe with a little garden to keep on an affordable development that was an updated version of the building of the schemes a few decades ago. Mix in good quality homes for social housing with those looking to buy and you could give people something to be proud of.
Such housing exists but it's largely being built for the mid market sector. There's developments of nice little houses in Craigmillar and Pennywell (and I'm sure elsewhere too) . A mix of flats and houses but there's not enough and it's still keeping people trapped in the rent trap and not really addressing the underlying issue. Scale that up and have a real drive to open up both high quality social housing and genuinely affordable housing to buy and you could start to solve the problem. Unfortunately there is too much vested interest in property and land development among politicians for that to ever happen.PM Awards General Poster of The Year 2015, 2016, 2017. Probably robbed in other years
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29-03-2023 08:51 AM #118This quote is hidden because you are ignoring this member. Show Quote
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29-03-2023 08:56 AM #119This quote is hidden because you are ignoring this member. Show Quote
One of the areas where I've become deeply disillusioned by the lack of will to force change
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29-03-2023 08:59 AM #120
Housing
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It’s a mad system where govt across the UK is struggling for money but something that can make them money and ease the burden on the tax payer is not being done for idealogical reasons. Building and renting out homes could be very profitable for councils all across the UK. However they are not allowed to borrow the money to invest in it.
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