I thoroughly enjoyed my conversation with Nigel, even if he was a bit taken aback at my idea! I hope to see anyone who wants to find out more over on my channel. All welcome!
@MovingHomewithCharlie
Жыл бұрын
@@robertjones2053 No one "gets a nice new house". Working people get to rent an affordable home. I don't see it as socialist, I see it as government capitalism. It saves the tax payer money compared to the astronomical costs of paying commercial rents to private landlords, and even creates an income for the tax payer. It solves housing shortage, creates jobs, and improves government (taxpayer) finances.
@roystonvehicles9129
Жыл бұрын
Didn't realise you were some housing reform type of guru, shame it won't work, or happen, but fair play to you for the idea.
@mrmoooable
Жыл бұрын
Yeah Farage really had to restrain himself after your suggestion, didn't he😂 We need ideas to deal with the housing issue, because the current situation isn't working. Nigel baulks at the idea of big government, but the private sector isn't providing the solution, it just makes it worse.
@MovingHomewithCharlie
Жыл бұрын
@@robertjones2053 why do you keep saying "someone else would end up paying"? These would have rent paid by the working occupiers. Perhaps key workers, nurses, first responders etc. But you're missing the main point: if there was a plentiful supply of these properties, it would bring rents down in privately owned rental stock too, which improves quality of life, cost of living and disposable incomes for everyone. Who loses?
@MovingHomewithCharlie
Жыл бұрын
@@roystonvehicles9129 I'm not! It's just an idea. Housing is in a terrible state, I'm just hoping to stimulate discussion and ideas.
@middleman9183
Жыл бұрын
Thanks for highlighting this problem
@stephfoxwell4620
Жыл бұрын
Home schooling or the speculation about 35% house price falls?
@user-gz6tx6yp3v
Жыл бұрын
Rents have gone up due to an exodus of landlords due to Section 24.
@williamwimbourne856
Жыл бұрын
My great, great grandfather (1861) had 9 children and could afford to build his own house..he was a coalminer! I'm a lawyer and spend 50% on rent.
@roystonvehicles9129
Жыл бұрын
Move to goldthorpe near Barnsley, terrace property made 42k at auction today, bet you could buy that outright.
@paulmessenger9836
Жыл бұрын
Let me guess ,you live in London.
@stephfoxwell4620
Жыл бұрын
My great grandfather had six kids. He bought two houses in 1947 for £600 each. £600 in 1947 is about £25,000 in today's money.
@roystonvehicles9129
Жыл бұрын
@@stephfoxwell4620 my parents brand new bungalow was 2300 in 1960, property prices have far outstripped wages and inflation.
@roystonvehicles9129
Жыл бұрын
People who lived in my house owned most of the village in the 1800s early 20th cen and I don't.
@elkpaz560
Жыл бұрын
They will definitely be coming after home schooling.
@Kezianobledatingexpert
Жыл бұрын
Very good.
@derek6579
Жыл бұрын
A reason is that house building unlike years ago is run by maybe 4 big firms that effectively keep prices up as they restrict the numbers built! No longer are their lots of independent builders to compete within the market.
@user-gz6tx6yp3v
Жыл бұрын
Absolutely not true. There are thousands of development firms. The problem is lack of land near infrastructure, council planning policy and a population increasing beyond our ability to provide homes.
@MarKeMu125
Жыл бұрын
@@robertjones2053 if you look at the stock market which shows the real figures the 4 big ones have very healthy operating margins. There's a term commonly known as "land banking" where these firms will buy up lots of land to use in the future but only build small estates, I believe this is what they mean by limiting supply.
@chrystallapsomas2030
Жыл бұрын
Why is this. The government must stop this monopoly.
@user-gz6tx6yp3v
Жыл бұрын
@@chrystallapsomas2030 It's not true. There are thousands of developers from small to large. There are hundreds of large firms, people like this think there are only 4 because they have turned most prominent brands as they have to sell more volume in newly created locations. You rarely see much on medium sized builders because they tend to focus on high demand established areas where they make less profit because the land is more expensive, however they sell their stock a lot easier and therefore they don't focus on advertising as much as the largest builders. I would add no developers are keeping prices up, they raise them in line with the costs to build. I consult 8 House builders currently, the fact people don't want to hear is that we are running out of land in people's first choice locations and it is becoming an increasingly valuable commodity.
@user-gz6tx6yp3v
Жыл бұрын
@@robertjones2053 Correct.
@jossratcliffe8908
Жыл бұрын
Charlie has great KZitem channel
@between-paradise-and-hell
Жыл бұрын
i like charlie and good on him for going on the channel
@stephfoxwell4620
Жыл бұрын
He goes on Radio 4 too. Happy to put himself about or does the mecia want more doomsayers?
@between-paradise-and-hell
Жыл бұрын
@@stephfoxwell4620 yeah hes a bit of leftie dommsayer but i've enjoyed some of the content he put out. 10 reasons house prices will fall was very good
@gavinivers8941
Жыл бұрын
We here in New Zealand, have the much the same problem. Someone called Jacinda said she would build 100,000 homes, and built 1500. Could some of the problem is governments don't understand the problem, and the tech and infistructor needed.
@Bertie22222
Жыл бұрын
If the government built high quality houses and flats they would be bullied into giving them to people on benefits and those that haven't even arrived on these shores. The tax payer would be paying twice.
@lewisdelicata5334
Жыл бұрын
I mean that's statistically negligible and completely anecdotal and totally writes off the governments responsibility to make sure their workers can...live somewhere. But sure, it's all those pesky single mums on benefits and migrants that collect benefitss without a NIN and not the failure of the banking system which crashed the economy in 2008, and the subsequent deregulation and privatisation of housing in this country.
@Bertie22222
Жыл бұрын
@@lewisdelicata5334 there is no reasoning with you people.
@lewisdelicata5334
Жыл бұрын
@@Bertie22222 If you tried reading more than the daily mail then you might learn enough to argue about it.
@Bertie22222
Жыл бұрын
@@lewisdelicata5334 that’s the default answer from you system bleeders. The big problem in this country is the arseholes that get taxed to the hilt and then complain about the freeloaders.
@paulhank7967
Жыл бұрын
Stop foreigners buying homes here as a second home.
@Pob2278
Жыл бұрын
They have to pay massive Stamp Duty sums in London!
@user-gz6tx6yp3v
Жыл бұрын
We need them. They buy flats mostly, these create revenue for house building outside of central locations.
@stephfoxwell4620
Жыл бұрын
A £7 million home pays the same Council tax as a £700,000 home.
@paulhank7967
Жыл бұрын
@@goshadiserens4676 Every country has its own laws and regulations. As well as visa entry and stay. When the native people can't afford homes for whatever reason, then it's time to scrutinise the situation and instead of profit, greed and unaffordable homes, think affordable housing and more of it.
@jamesrichardson3500
Жыл бұрын
10mins34secs......a long winded way of saying we're fucked
@aliaksandrasaywell3826
Жыл бұрын
Ahahahaha
@avipatable
Жыл бұрын
Good conversation - but BRING BACK MARK STEYN.
@misfit2022
Жыл бұрын
Schools need to get all these third party organisations out of their schools.
@woz7379
Жыл бұрын
What he’s suggesting are council houses which we had until the right to buy scheme was introduced.🇬🇧🏴
@andynotdave
Жыл бұрын
Also Local Authorities sold off huge council estates to housing associations who now charge very high rent like the private landlords do because they know benefit payments will cover the cost. One of the reasons there are so many "single parents" living with undeclared partners. I've lived there. A whole street with undeclared partners while benefits pay the rent, NHS dental school dinners etc
@Pob2278
Жыл бұрын
In Barnsley you can get a 2 bed Terrace from 25K and Burnley 15K😂
@stephfoxwell4620
Жыл бұрын
In Sicily you can buy a house for €1.
@brynleytalbot778
Жыл бұрын
@@robertjones2053 Sell off, fine. Splurge proceeds on vanity projects, an epic fail. If she’d reinvested in social housing it’d have improved things. The argument about significant costs to improve housing owned rather fails when much of it wasn’t in that condition. Assets were dumped along with liabilities. That was her error. All done to push house ownership, a Tory policy that’s still active.
@brynleytalbot778
Жыл бұрын
@@robertjones2053 You can move society within your leadership reign but to ensure a legacy you can ensure that the societal levers have been pulled to change it in the future. Change is generational unless you’re a short term politician which most are nowadays. Thatcher established changes in society that would feature for decades beyond her term. Blair followed her plan as the Conservatives have. Hers was a legacy which has expanded the middle, by pushing the ownership of asset classes, changing the demographic composition and self focused thinking of generations after she ruled, such as your opinions. Democracy is now focused on that voter base and appeasing it meaning that for Labour and Conservative to win they must have practically identikit policies. Blunket is featured on a KZitem channel apologising for the immigration numbers foist on the UK. Germany, already wounded by embracing East Germany, withdrew, at the last moment, from its commitment to allow access to foreign labour from accession states to the EU. There was no opportunity to renegotiate. Once that was withdrawn EU citizens from accession states saw the UK as their best bet. Blame Germany, not Blair.
@0412110a
Жыл бұрын
Well done Charlie and you rocked that jacket!
@Chris-td4yd
Жыл бұрын
Well Done & Well Said Charlie 👍
@SmashMaster
Жыл бұрын
Charlie should get his weekly talk show all things housing ❤
@r1bew42
Жыл бұрын
Nigel, let your guest talk please.
@dmvzfdac
Жыл бұрын
So the big idea is restore the public sector housing that we used to have before thatcher took an axe to the country. Well done.
@stephfoxwell4620
Жыл бұрын
The Property market has always been difficult. In 1925 only 25% of people owned a home. By 1971 it hit 50% but mortgages were rationed. By the 1980s mortgage rates were 14%. First time buyer average age has always been in the range 30-34. The cost of buying on a mortgage over 25 years has always been in the range 6.5 to 8.5 times average income and still is. The big difference is inequality. 60% of people can afford a house, but 3% can afford two three or five each.
@nicky_nike
Жыл бұрын
When we bought our first home in 1974, I was 24 and most other 20 somethings were buying homes. My first two mortgages were 3 times my wage plus one time my wife's wage. This controlled house prices to be affordable, and have disposable income.
@stephfoxwell4620
Жыл бұрын
In 1974 only 55% of people were buying or owning a house. First time buyer's average age has never been below 30. But yes, mortgage multiples were tightly controlled.
@DavidBennell
Жыл бұрын
Hmm not sure that's true, my parents were early 20's in 1975 and they bought a house which was 2.5 times my dad's salary as did all of their friends at the time.
@stephfoxwell4620
Жыл бұрын
Mortgages were limited to 3 times single or 2.5 times joint income. Mortgage rationing continued til 1977.
@nicky_nike
Жыл бұрын
@@stephfoxwell4620 Did you not read my comment?
@Cdarlosfletch58
Жыл бұрын
Social housing first began after WW1 we need this to start again !!
@crumpetsbuttered
Жыл бұрын
We need a policy that gives every British person the right to a home. More homes need to be built to the point that Renting costs should be less than a quarter of your salary, you should be able to apply for a Government Rental Property and be granted one within a year and live in the property for the rest of your life if you so wish to. Having a place to call home that does not have a landlord who only cares about raising his rent and not maintaining the property will have a huge impact on improving the mental health of people, having more money in our pockets will mean we can save some money, spend money of products within the economy and have a REAL holiday.
@BritishEaling7
Жыл бұрын
The people who put us in Brexit trying to decipher why the economy is not going well and somebody who does not believe in the school system asking the goverment to intervene in the housing market... Crazy
@MovingHomewithCharlie
Жыл бұрын
building homes is simpler than running an education system, which has been appallingly badly run by government for decades, although it's a minefield. Education should be depoliticised.
@BritishEaling7
Жыл бұрын
@@MovingHomewithCharlie Yes "building homes" is simpler than running an education system. But becoming the landlord of millions of families, making sure houses are well maintained and fairly priced - which I believe it is the idea that is being suggested here - is not so easy either. Which country in the world runs a quality, efficient and fair rental property business? About home schooling, absolutely agree that parents should have the freedom to choose how to educate their children.
@BritishEaling7
Жыл бұрын
I think the idea to pitch to Mr Farage is to use the £350m per week Brexit savings in the construction of these homes? The government does not even need to borrow the money!
@TheGregcawthorne
Жыл бұрын
Oh look it's Charlie!
@Cardifftoyboy1
Жыл бұрын
Pure Gold....Charlie Lamdin advice is essential to stop you overpaying as a buyer and to bring you back to the reality of a falling housing market if you are a seller.
@JGrant60
Жыл бұрын
A falling house price is driven by nervous first time buyers/house movers. When the price drops, landlords and foreign investors will scoop up. The government needs to work with developers and re-introduce help to buy schemes
@edword7195
Жыл бұрын
Nigel is smug about Charlie's proposal for government housing, but Nigel does not acknowledging the housing market is largely down to government finance, its BOE gov finance and to a lesser extent planning. There is no free market in housing all this fuss about government finance interest rate its pretend free market. Currently the wealthier people are the more money they can borrow below cost, below inflation from the BOE. Its a subsidy for better off not means tested., How much money does the prime minister ( and opposition people ) have borrowed from the BOE bank, how much subsidy are they getting how much are they borrowing below inflation rate something that a private lenders in a free market may be less likely to do. The UK is basket case subsidy low productivity things and tulip wealth of the richer people. They should have possibly built more relaxed planning, taxed second homes more, restrict non resident buying. They should have taken the heat of the market years ago but MPS are given a free house, the tax payers pay for it but does not pass to the next MP who gets elected as it should they MP keeps the gains.
@arcturus681
Жыл бұрын
good points - its not really a market in the way people understand the word
@crossercuss1
Жыл бұрын
well done charlie... great common sense
@Peter-oh1mq
Жыл бұрын
Charlie is just best at it!!!!
@Pob2278
Жыл бұрын
Please can someone sort the planning system out! It’s in desperate need of reform!
@Pob2278
Жыл бұрын
Have a listen to a range of planning committee meetings and you will understand why there is an issue with housing delivery figures!
@davejohnston5158
Жыл бұрын
Housing is provided by the state through the housing association system. The real problem is interruption of the supply and demand dynamic by excessively low interest rates. State manipulation of the economy should be more targeted perhaps by having measures to make uninhabited houses less of an investment option - even if owned outright.
@Cdarlosfletch58
Жыл бұрын
We need a massive correction of the housing market !
@CivicMikey
Жыл бұрын
And what will that solve? If the house is 20% cheaper but your income (after living costs have risen) also falls 20%. The only folks who gain are those with property portfolios who can scoop up the cheaper homes. Only solution is to build more homes.
@talk2s5061X
Жыл бұрын
Nigel didn’t want to hear your idea Charlie 😂
@richardlawes2697
Жыл бұрын
Government clampdown on landlords, has driven them out. This has limited the amount of rental properties, which drives rent up. The mortgage percentages as high as they're, have also driven prices up. Government always ruin everything
@brynleytalbot778
Жыл бұрын
Who bought the ex rentals? If it’s former renters then demand is fairly static. Rents are there to pay mortgage interest which has flown up and as fixed rate landlord mortgages lapse rents must rise. One solution is government backed bond mortgages for home buyers on full term fixed rates. But that breaks their free market model, which is bust, but they won’t admit it. What is the point of any government that’s contracted out everything it once controlled, which formerly gave them a valid purpose? They’re Nero’s fiddling as Rome burns.
@steadfastandyx4947
Жыл бұрын
Worst interview I've seen by Mr Farage. Terrible. I'm a Farage fan but please. : let this man explain further and in depth.
@leighblacklocke7190
Жыл бұрын
I am a teacher, and a home school advocate. Private Christian schools can also provide a good education. Public schools in the U.S. have gutted academia. Depravity rules the halls and the classroom --Mediocrity is applauded. "Excellence" is a foreign term. Charlie Lamdin's kids should thrive with his plan for them.
@kaya051285
Жыл бұрын
UK has the same population as France UK 29 million homes France 37.5 million homes The UK has underbuilt homes for 50 years. Need to build 500,000 a year for the next 30 years just to catch up to France
@Englishman-Abroad
Жыл бұрын
35% trough 😂. That would make a property bought in 2000 cheaper in real terms than in 2000. Despite 8 million more people. Not gonna happen.
@MrJdauz
Жыл бұрын
So essentially go back to where we were prior to Thatcher?
@hatterbez2943
Жыл бұрын
I've got a much better idea Charlie.....close the borders and lower the demand.....blooming obvious!!!
@whysa4
Жыл бұрын
Right to buy at massive discounted values was a big mistake, any sold should have been replaced with another from the proceeds, and importing millions of people into our country as driven costs up for both renters and buyers. Thye solution is simple, by one way or another those that have arrived here in the last couple of decades need to sent back from whence they came.
@anthonywilson8998
Жыл бұрын
At present we only have 6% of land built on I would suggest that be increased by just 1% .Local authorities buy land and provide planning consent for affordable housing. Standards are set for space and tech for small medium and family . Plots are free to developers and individuals so prices all at construction cost ,that’s min 30% reduction . Small houses 100 k . Land just ground rent at all times. That would spread lower cost all over,not what govmt want but public do. Easy to do and problem solving with assembly lines of sectional building factory based and only 10 weeks on site or less to complete. 1 million a year possible with lots of jobs and growth possible.
@fortuner123
Жыл бұрын
I agree with Charlie. Put him in charge Rishi.
@flyinghedgehog3833
Жыл бұрын
Grainger PLC are UK's biggest private sector landlord.Portfolio of 9000 rented properties. Investing further 2 billion building another 9000 quality homes to then rent out BTR.Which is what Charlie suggests the government should do on a bigger scale.However the rents are not cheap eg Birmingham 2 bed flat 690 sq ft @ 1370 pcm...Newcastle 1675 pcm.....1 bed @950 pcm.. Currently 4.5 million households renting mainly from individual landlords.. Forecast to grow to 7.2 million by 2025. Salaries are way too low in UK for average working people. Benefits Britain is the result.They could stop the 50k annual invasion at Dover for starters..and spend that 5 million daily on BRITISH citizens!
@stevenfernandes7285
Жыл бұрын
Start with Regulate housing Market & Pre Fabricated homes.
@catastrophic009
Жыл бұрын
Thought it was Andy Garcia !!
@CharlieLamdin
Жыл бұрын
Thanks!
@Abigail-sx8mt
Жыл бұрын
100% there should be government lead house build for rental. Private landlords are driving out buyers. Those areas that are bought up for holiday homes, putting locals at a disadvantage to become a home owner, that needs to stop. Hotels & B&Bs service the need as legitimate businesses. Why doesn't a bigger local authority make a bid to be the trail blazer for such an initiative.
@chrisevans9342
Жыл бұрын
Solutions please
@chrisevans9342
Жыл бұрын
If I could legislate I would only allow 1 house per individual ..... Multi house portfolios are the problem
@stephfoxwell4620
Жыл бұрын
Fact. Britain has more bedrooms than people.
@mrsp8260
Жыл бұрын
And how many houses per company that is set up as a property investment company , one must beware of the law of un intended consequence
@chrisevans9342
Жыл бұрын
@@mrsp8260 it's a mess alright .... On the one hand incomes dependent on other people paying rents and on the other hand tennents not having enough money to pay the rent ,save for a deposit or heat their homes ... 30 years in the making ....it's going to take a true leader to sort this out ...
@nickcorleone8709
Жыл бұрын
If there were fewer landlords there would be fewer properties to rent!
@mrsp8260
Жыл бұрын
@@chrisevans9342 yes agreed the current situation is unsatisfactory , most of us started at the bottom of the ladder , some of us where fortunate to climb a few rungs whilst most stayed there , I think the Pareto principle of distribution sums it up best , I don't like it and wish it where different but simple blanket statements and actions won't solve it they will just bring other hardships in areas we can't even fathom hence the law of un intended consequence. I do know that the current shower of shit government and their opposition have neither the knowledge or the will to deal with it in a way that will bring necessary change.
@smithjohn4853
Жыл бұрын
Dont need more houses need fewer people if we had the same population density as the USA we woud have 4 milion people here think about it
@malcolmlakin5265
Жыл бұрын
If, if the government of the day, heaven forbid, became involved in the housing market in the way described by Charlie it would end up a real mess. However, we do need more social housing and the money to do it. However, more social housing should only go to those in work, which is exactly what happened post 1945, which saw an increase in council house building (what is now called social housing). These houses were built for family's in work. It was only later that governments and local councils used council houses to house benefit claimants and troubled family's. Unfortunately, the status quo is unlikely to change largely because government after government make decions to address issues such as the housing crisis and social housing not on commonsense, but ideology, whether left or right of the political spectrum.
@okunrin3
Жыл бұрын
Wow. Is Charlie is a far right person?
@CharlieLamdin
Жыл бұрын
nope - I'm a "filthy centrist" apparently!
@lewisdelicata5334
Жыл бұрын
Or the second solution is to simply up the minimum wage. The cost of living will remain high, but people would be able to keep up as long as the wages were there. The problem at the moment is prices are leaving wages in the dust.
@brynleytalbot778
Жыл бұрын
Lifestyles must suffer but that stagnates, or gives negative economic growth in, the consumer economy, our mainstay. It’s keeping inflation stable and decreasing that’s the problem. Upping the minimum wage would retain high inflation. Do you lower wages (howls of protest) when volatility ceases and prices lower into stable markets?
@lewisdelicata5334
Жыл бұрын
@@brynleytalbot778 well no - even in a market that isn't volatile, high wages only strengthen an economy and push growth, after all, workers with buying power are able to, y'know, buy things - this is a net good for the economy. There is no "negative" to a population of high earners. The idea that someone should cut wages if the economy slowed shows a... misunderstanding. If anything, increasing peoples purchasing power and encouraging spending is precisely how you get out of a recession. This is why banks slash interest rates when the economy slows down. They make borrowing money cheaper, so more people borrow money, who then go on to put that money back into the economy. Thus growing the economy. If wages stagnate, and people can't purchase things, the economy slows down, which pushes prices up, which people can't afford because wages are stagnant, so people spend even less money, which slows the economy down more. You end up in an economic death spiral by suppressing wages
@brynleytalbot778
Жыл бұрын
@@lewisdelicata5334 If everyone is a high earner high earnings become a norm and it’s a zero sum game because inflation destroys their buying power. Do high earners spend more or save more? Low earners generally spend disposable income, as any retailer of commonly bought goods will tell you. You’re obviously in awe or within the high earner class. It’s a political sales pitch that we need more high earners because that sells the dream into younger voters. We need higher low pay and lower high pay. Equity not equality, the former achievable, the latter unachievable.
@fredflintstone1428
Жыл бұрын
If Farage wanted to really hear how housing could be solved, he should have invited Dominic Frisby on.
@TTLTP
Жыл бұрын
Home schooling is the trend going forward 🙌 👏
@akwal1
Жыл бұрын
Govt. interference normally ends in tears. Better to stop HS2, and use money bulk buy forward properties from private sector at discount during downturn and sell to public at discount. It will help construction sector during downturn.
@CasperChicago
Жыл бұрын
Nigel,…the great Brexit guy ; who in their right mind would believe anything he says after that,…
@stumac869
Жыл бұрын
We don't have a free market. New developments and self build are controlled by local authorities, rents are artificially inflated by government subsidies (benefit payments) and house prices have been supported for decades through cheap mortgages (supressed interest rates via Bank of Englan QE policies) and help to buy etc. If governments stopped meddling prices would likely fall.
@arcturus681
Жыл бұрын
exactly - well said
@brynleytalbot778
Жыл бұрын
The middle have been fed the illusion of free money through home inflation they can leverage on low interest rates to grow the consumer economy. Then investment in second buy to let’s on leverage facilitated by low interest rates. Higher borrowing costs will increase buying supply as these cash strapped middle income landlords dump once lucrative assets. Stringent new landlord regulations have started the ball rolling. High interest rates will keep it rolling. If it’s slow, prices fall or stagnate. If it’s a fire sale, price Armageddon.
@C2C19
Жыл бұрын
Ban vacation rentals
@chrisevans9342
Жыл бұрын
I could build a simple cabin in a month ...work out the difference between productivity and speculative free markets ... The gap between ideology and practicality is vast ...the consequences are disgracefully wealthy and shockingly poor... The likely outcome is civil unrest .... Nobody wins ....
@anthonyhui1010
Жыл бұрын
Housing is just a symptom of a much wider problem of economic stagnation, when you think about it. It essentailly means a drop or stagnation of living standards for most, which has been going on for a very long time since the multiple economic crises in the 2000s and the policy responses to deal with them by printing money. I think most in the UK have a sense of that, but perhaps fail to articulate it well or make the connection. UK, along with most of the developed world have been stagnating for a long time.
@brynleytalbot778
Жыл бұрын
Printing funny money was formerly house price inflation feeding loans on its back to increase consumption to create economic growth. It’s all been about faking economic growth on the back of loans. Low interest rates were the final salvo. Now it’s run out of steam and no one knows how to add another pile of money to get it up again. Putting off the pain has just made it harder to stomach. The banking sector didn’t correct adequately in 2008 and things have got out of hand again. This time the cash has run dry. No bailouts, just pain.
@anthonyhui1010
Жыл бұрын
The losses from the previous crises have been socialized via money printing and negative real rates. High housing prices are only one symptom of that policy. The only thing which solves everything is real growth, which is hard to come by.
@howard4510
Жыл бұрын
Nice looking guy 🔥
@johnmoncrieff3034
Жыл бұрын
The Treasury should reintroduce the "Bradbury pound" primarily for the building of new towns where industry can be re-established plus new Council housing in every city and town! This should also be used for the creation of new businesses by UK nationals, for both high and low tech enterprises! As before the "Bradbury" was interest free and did not increase national borrowing, as it is based on the wealth of the nations population! The country needs not just 350K new homes per year but an immediate boost of 3 Million in the first instance followed by 2 million, then 1 million, all withing the next 5 years! even then the demand will still outstrip the supply! I these are built with quality materials so they last over a century then both rents and mortgages could be calculated over approx. 75% of that time! so they were comfortably affordable to all those in work!
@KeithPierce1000
Жыл бұрын
Typical Nigel [the politician].😡 Invites guests onto his show and spends most of the time talking instead of listening.
@charliep1858
Жыл бұрын
too much make up in this one Nigel
@chrisevans9342
Жыл бұрын
The price of caves is going up too
@chrisevans9342
Жыл бұрын
Transfer of wealth needs to happen ... Lots of philanthropists just getting richer and richer
@stephfoxwell4620
Жыл бұрын
I understand for all his property expertise and posh education, Charlie lives in a fairly modest house in Devon. But he is to be commended for his efforts to understand the complexities of UK housing as well as his determination to help more vulnerable folk. Britain needs more Charlies and fewer Nigels.
@nickcorleone8709
Жыл бұрын
Politics of envy
@akht5143
Жыл бұрын
Farage doing lampard impression lol
@Noallegiance
Жыл бұрын
Charlie we do not have a free market for anything. Jesus christ.
@Noallegiance
Жыл бұрын
The reason second and third homes exist is precisely because of interference in rates and money supply.
@ojlbrickwork8092
Жыл бұрын
Just float over on a dinghy and get it for free
@user-gz6tx6yp3v
Жыл бұрын
Charlie starts out making some reasonable points, then says a crash of 35% is coming which just isn't going to happen. People aren't selling, stock levels are low and dropping. It ain't happening.
@MovingHomewithCharlie
Жыл бұрын
I've done the maths. I don't want a crash, I see the figures behind the scenes in estate agency and I can tell you it's a near mathematical certainty. The most compelling argument I've had against so far it is the same as yours "it just isn't going to happen". Stock levels are up 50%, unsold stock is increasing every week. Your information is at best out of date, but definitely inaccurate.
@paulmessenger9836
Жыл бұрын
He saying what the audience wants to hear.
@jackwaldron2274
Жыл бұрын
I've saw houses that have dropped 25 percent already on rightmove, and nearly all houses have been reduced on there now,
@stephfoxwell4620
Жыл бұрын
To be fair Charlie has been saying this for nine months now. 35% is too high. If costs fall to the lowest point in their ratio to incomes the maximum possible fall is 22%. Personally I say 10% from summer 2022 to autumn 2023. Then 18 months of stagnation until we are rid of this incompetent and vindictive Government.
@roystonvehicles9129
Жыл бұрын
I agree, your just not going to get a property that sold for 250k last year for 150k this, not going to happen, at all, basically if someone borrowed say 225k and put in 25k deposit they can't take 150k,lender is the backstop.
@DLP-me3pm
Жыл бұрын
Council houses then. When free markets get out of control it always reverts back to communism 🤣 Lets be capitalists but not to a point where we pee in our own drinking water.
@edword7195
Жыл бұрын
Its not currently a free market people borrow below cost from the BOE below the inflation rate. Planning is restrictive government control, the government tax housing less than others assets benefits don't include housing wealth. Its more of a government created mess than a free market. If was a free market the green belt would be housing. What we have is government failure
@DLP-me3pm
Жыл бұрын
@@edword7195 Yes you are correct in what you say, my comment was quite flippant. I'm for free market capitalism, but it can get to a point where on balance it can create negative consequences. I think there will be plenty of property up for grabs anyway in the next few years at a cheaper price due to landlords being pushed out of the rental market because of the hoops they have to jump through. And as long as we stop importing half a million + people into the country every year which puts pressure on supply and demand increasing the prices
@DLP-me3pm
Жыл бұрын
@@robertjones2053 Communism lite 🤣
@Noallegiance
Жыл бұрын
This is nowhere near capitalism and hasn't been for over 100 years.
@roystonvehicles9129
Жыл бұрын
@@robertjones2053 tbh I don't think you are eligible for housing benefit on 20k I would think your expected to stand on your own 2 feet,I may be wrong tho?
@ML-wy8og
Жыл бұрын
Don't see these falls at all. Perhaps 10%. Most sellers aren't budging.
@roystonvehicles9129
Жыл бұрын
I agree, basically there can't be falls as most people owe what their house is worth, they can't take less.
@jackwaldron2274
Жыл бұрын
But if you can not afford your new monthly payments, then they will budge
@paulmessenger9836
Жыл бұрын
We all know government need high property prices
@annieanonymous611
Жыл бұрын
Prices drop at glacial pace - if it happens it'll be starting later this year, moving into next year. Once property selling prices (not asking prices) get reported it'll get into the press more. But those prices lag in reporting by many months.
@roystonvehicles9129
Жыл бұрын
@@jackwaldron2274 yes but if you owe say 90% of the valuation without paying your lender some dosh you can't sell for less, people with more equity are unlikely to be strapped so will hold out, the only way for big falls if there's loads of repossessions and are sold at auction cheap, but a bank is unlikely to want to make a loss,
@ojlbrickwork8092
Жыл бұрын
A 600k house cost below 50k in labour and materials, greedy bastard invester and developers
@smc2406
Жыл бұрын
The elephant in the room is guess what ,the first letter is B****t
@jackwaldron2274
Жыл бұрын
What's your opinion then? As I've saw houses in my area all drop by 10percent already some up to 25%
@Dangler86
Жыл бұрын
You instead need to wash it off your eyes and take a look at what's happening in the market at the coal face today. You know what they say, ignorance is bliss
@paulmessenger9836
Жыл бұрын
Property down 25 percent lol need in places worth living in you dreaming boys and girls I understand you have no skin in the game and you go to bed at night dreaming of a collapse in the housing market but please leave the jokes for later lol
@jackwaldron2274
Жыл бұрын
@@paulmessenger9836 this comment is not gonna age well haha
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