Housing

[grunt]

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I got planning over a year ago for a site and I’m still getting paperwork and stuff done before I can build.

I’d build tomorrow but it’s a bit of a minefield

Suggestion: don't build on a minefield.

[Ozyhibby]

https://news.stv.tv/scotland/second-...ax-in-scotland

Progress.


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[superfurryhibby]

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https://www.bbc.co.uk/news/uk-scotla...iness-67305146


Well who could have predicted that?
Article is worth a read.


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Yep, once more highlighting how we can't trust the private rented sector, particularly it's corporate investment division to act responsibly.

From the same article,

"The two councils face some housing problems in common, but also contrasting ones. Argyll's are based around the rural economy and its appeal to those who want a second home, or to own a holiday let. That has pushed up prices for ownership and for rent, in a county which does not have high earnings".

"Getting hold of land for development can be a problem where landowners are reluctant to co-operate".

"Edinburgh's housing problems have a lot to do with its success, in attracting people to live and work there, drawing in investors, a very large number of students and also tourists. Short-term lets are a challenge for Argyll and Edinburgh more than most others, where AirBnB landlords have turned so many homes into visitor accommodation".

"Council house sales, starting in the 1980s, allowed tenants to buy the homes they rented, at reduced cost. That was seen by some as hugely successful, in giving people a stake in their homes, more security than they had as tenants and an asset base. More widely, it stripped a large number of properties out of the reach of those who rent, and often the best quality ones.

Since then, councils and housing associations have struggled to meet demand with new building and refurbishments. The number of those who look to them for social housing - broadly speaking, below market prices - far outstrips the number of homes available.

That is the main cause of homelessness, where Edinburgh is housing 5000 households in temporary accommodation, and there are 200 applications for the average social tenancy."

"The rent freeze does not apply to new tenancies. So landlords use the opportunity of new tenancy contracts to raise rent in anticipation of future rent controls. And new contracts are often required when one person in a shared flat leaves and another comes in. There's more explanation in the Disclosure investigation for BBC Scotland".

"As usual, it is worst for those at the precarious margins, who are unable to get the housing they need. Housing benefits are vital for many, but insufficient to solve the problem. Those people's problems are connected to the wider private market - to a private rented sector in which rents for new tenancies are rising faster than any other part of the UK.

And the growth of private rentals is connected to the scale of demand outstripping supply of homes to own in the capital, which continues to push up prices, far beyond the starter flats and into every part of the market.


Basically, it's all down to greedy landlords, central and Scottish government failure over many years to invest in social housing and the an obsessive predisposition to promoting home ownership, which drives up the prices of property. That creates the cycle of unaffordability which faces many young people in employment, who are obliged to rent.

[AgentDaleCooper]

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I’m sure you can give an example to show I’m wrong?


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Bit of a late reply, but council accommodation stays the same price regardless of demand, doesn't it? Also, properties where the landlord has remembered that their morals don't NEED to supervene completely on the whims of the market.

[Stairway 2 7]

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Bit of a late reply, but council accommodation stays the same price regardless of demand, doesn't it? Also, properties where the landlord has remembered that their morals don't NEED to supervene completely on the whims of the market.

A large percentage of Edinburgh private rentals are controlled by a handful of groups. You need these massive groups to have a conscience and then the supermarkets, then power companies ect ect.

Unfortunately in the real world with capitalism every company and business maximises profits and will charge what people will pay.

It's up to the government to set rules or change the market to keep prices down.

[Ozyhibby]

https://podcasts.apple.com/gb/podcas...=1000634399603

Horrific listening.


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[Ozyhibby]

https://x.com/redditchrachel/status/...dxJXScFNwz8V4A

Yet another new housing minister.


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[Ozyhibby]

https://x.com/aarmstrong_says/status...dxJXScFNwz8V4A

16th housing minister since 2010. Lucky housing isn’t that important.


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[Ozyhibby]

https://www.heraldscotland.com/news/...v-rent-freeze/

Misleading headline. It should say ‘because of’ instead of ‘despite’.
If this policy isn’t gone by next Holyrood election I won’t be voting for the SNP or Greens.


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[grunt]

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https://www.heraldscotland.com/news/...v-rent-freeze/

Misleading headline. It should say ‘because of’ instead of ‘despite’.
If this policy isn’t gone by next Holyrood election I won’t be voting for the SNP or Greens.

You're right, it's hugely misleading. These figures relate to new tenancies, the vast majority of renters in continuing tenancies are capped at 3%. Not perfect I know, but the story and the headline reads as though all tenants are suffering these levels of increase.

It is of course entirely up to you who you vote for.

[Ozyhibby]

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You're right, it's hugely misleading. These figures relate to new tenancies, the vast majority of renters in continuing tenancies are capped at 3%. Not perfect I know, but the story and the headline reads as though all tenants are suffering these levels of increase.

It is of course entirely up to you who you vote for.

So the increases are only happening to young people, newly arrived immigrants or anyone that has to move house. Guess that’s ok then.


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[grunt]

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So the increases are only happening to young people, newly arrived immigrants or anyone that has to move house. Guess that’s ok then.

Please don't misquote me. I said it was misleading, I didn't say it was ok.

[Stairway 2 7]

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https://www.heraldscotland.com/news/...v-rent-freeze/

Misleading headline. It should say ‘because of’ instead of ‘despite’.
If this policy isn’t gone by next Holyrood election I won’t be voting for the SNP or Greens.


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I disagreed with you before it was implemented and you were right in what happened. I've since seen it has happened pretty much everywhere its been tried. The rises are not sustainable. The good work on Airbnbs will easily get swallowed up by this. It'll also put off what we desperately need, development

[Andy Bee]

Lothian showing the highest average rent for a two bed property at a whopping £1192 per month, wow just wow. Greater Glasgow showing the biggest increase by 22% since last year and 86% since 2010. Lothian being a close second.

[hibee]

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Lothian showing the highest average rent for a two bed property at a whopping £1192 per month, wow just wow. Greater Glasgow showing the biggest increase by 22% since last year and 86% since 2010. Lothian being a close second.

86% since 2010 is probably less of an increase than the cost of buying the house.

I can understand students renting but if a family has £1200pm to pay rent I don’t understand why they don’t just buy a place.

[Ozyhibby]

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86% since 2010 is probably less of an increase than the cost of buying the house.

I can understand students renting but if a family has £1200pm to pay rent I don’t understand why they don’t just buy a place.

Deposit? Credit rating? Earning multiples?
There are lots of reasons people can’t buy and lots of reasons some people don’t want to buy.


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[Stairway 2 7]

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86% since 2010 is probably less of an increase than the cost of buying the house.

I can understand students renting but if a family has £1200pm to pay rent I don’t understand why they don’t just buy a place.

Because they can barely survive let alone save. The proof is in the fact that people are living with their parents 10 years longer than the millennium and house ownership is plummeting. I can see renting very much being the norm in a few decades

[Scouse Hibee]

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86% since 2010 is probably less of an increase than the cost of buying the house.

I can understand students renting but if a family has £1200pm to pay rent I don’t understand why they don’t just buy a place.

If only they could, they probably would.

[Hibs4185]

I saw a 2 bed flat advertised today in Brunswick Road.

£1850 a month. Absolutely brutal

[Pretty Boy]

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86% since 2010 is probably less of an increase than the cost of buying the house.

I can understand students renting but if a family has £1200pm to pay rent I don’t understand why they don’t just buy a place.

The 'double deposit' is the killer for many in Scotland.

You can just about save for a deposit. You can get a mortgage agreement in principle. However the mortgage provider will only loan you up to the home report valuation. I'm not sure on the current figure but for a while the average Edinburgh home was going for 15-20% above that. So say you have a house valued at £200K, a deposit of £20K then your lender will 'only' lend you £180K. That can potentially leave you looking for another £30-40K on top of that from your own resources.

Good luck finding that when you are shelling out 4 figures every month on rent. The whole system is broken.

The idea that home ownership is stagnating across the board and falling among the younger generations because people are choosing to rent rather than buy is flawed.

[hibee]

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I saw a 2 bed flat advertised today in Brunswick Road.

£1850 a month. Absolutely brutal

Wow, my Mum and Dad sold our 2 bed in Brunswick Road for around £4000 a long long time ago, how times have changed!

[hibee]

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The 'double deposit' is the killer for many in Scotland.

You can just about save for a deposit. You can get a mortgage agreement in principle. However the mortgage provider will only loan you up to the home report valuation. I'm not sure on the current figure but for a while the average Edinburgh home was going for 15-20% above that. So say you have a house valued at £200K, a deposit of £20K then your lender will 'only' lend you £180K. That can potentially leave you looking for another £30-40K on top of that from your own resources.

Good luck finding that when you are shelling out 4 figures every month on rent. The whole system is broken.

The idea that home ownership is stagnating across the board and falling among the younger generations because people are choosing to rent rather than buy is flawed.

Yes that’s definitely going to be difficult or more than likely impossible for most.

We moved in the summer but didn’t get any offers above the home report so I didn’t think that was as much of an issue now but we weren’t dealing with the centre of Edinburgh.

The double deposit probably explains why so many young folk we know are buying in huge new build estates like Wallyford.

[Ozyhibby]

https://x.com/mwilliamsht/status/173...dxJXScFNwz8V4A

Edinburgh did this a couple of weeks ago and I’m not sure a single thing changed?


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[Hibs4185]

As a developer, I have no idea why the government abolish the offers over system.

It just creates a million problems.

Yes you get more money for your house but then you loose it when buying your new house.

I’m sure there would be problems that would arise or reasons you can’t but thousands of people end up paying well over the odds or ending up heartbroken.

Then when a property sells for £20k over the value. Say £370,000 instead of £350,000. Surveyors then use the £3700,000 as the valuation for the equivalent property in the street.

So it’s a double whammy.

[grunt]

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https://x.com/mwilliamsht/status/173...dxJXScFNwz8V4A

Edinburgh did this a couple of weeks ago and I’m not sure a single thing changed?

I'm no expert, but presumably by having the Council declare something an emergency it allows them to access emergency plans, perhaps an emergency budget?

[Mibbes Aye]

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I'm no expert, but presumably by having the Council declare something an emergency it allows them to access emergency plans, perhaps an emergency budget?

It doesn’t. It is really just them going on the record as saying they need more money from Holyrood.

[grunt]

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It doesn’t. It is really just them going on the record as saying they need more money from Holyrood.

Thanks.

[Ozyhibby]

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It doesn’t. It is really just them going on the record as saying they need more money from Holyrood.

That’s the problem with the UK. Every level of govt has to beg for money from above until you get to the UK govt which doesn’t give a monkeys anyway.


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[danhibees1875]

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The 'double deposit' is the killer for many in Scotland.

You can just about save for a deposit. You can get a mortgage agreement in principle. However the mortgage provider will only loan you up to the home report valuation. I'm not sure on the current figure but for a while the average Edinburgh home was going for 15-20% above that. So say you have a house valued at £200K, a deposit of £20K then your lender will 'only' lend you £180K. That can potentially leave you looking for another £30-40K on top of that from your own resources.

Good luck finding that when you are shelling out 4 figures every month on rent. The whole system is broken.

The idea that home ownership is stagnating across the board and falling among the younger generations because people are choosing to rent rather than buy is flawed.

Things are a bit calmer now, anecdotally and from my experience selling (and monitoring similar houses selling) recently anyway. Maybe not the case everywhere across Edinburgh, but the average achieved is more around 4% over, so some areas will be in that 10%+ zone and some will be 0% or negative.

We sold ours for home report value after 2 bids from people unwilling or unable to go above for the reasons you highlight and were happy with that price so decided not to push any longer.

The value increase and the interest rates bringing about higher monthly payments are what looks incredible to me, we bought our house with a 10% deposit (new build, so no home report discrepancy to deal with*) and had a mortgage of £970 - if the couple who bought our house now done so with a 10% deposit the mortgage would be £1,800+.

*New builds have a similar issue though where you then pay the deposit again for carpets, flooring, upgrades, etc.
Although again that's calming, as house builders have plenty incentives to hand out currently.

[Pretty Boy]

I see the student accommodation at Jock's Lodge has had planning permission granted after the developer appealed to the SG who have now overturned the councils rejection.