Supply and demany is not the all and all that's why I described it as a catalyst. Say you but a small piece of land and build 10 houses on it. You then can only find 5 people with the means to buy a house, you are left with 5. You have a number of options, leave the houses empty and up for sale, reduce your price to bring more affordability into the market and bring in more potential buyers or rent the other five properties out for a year or two until more people can afford your asking price, (the rent should cover the cost of any borrowing).
I would go for the latter and the rental market is what skews the supply and demand bit. If it was purely supply and demand the second option would prevail. An obvious bonus is that with house price inflation, one might actually gain from hanging on and renting for a bit. Supply and demand only really applies if one is producing the lower end housing, the first time buyer stuff, one bed flats etc., which sell quickly off-plan.
We all know commuting is the pits of the world but living in London, no thank you. When I worked at Euston, I could get into work quicker from Ashford in Kent (35 mins High Speed 1) that my colleage who lived in Tottenham (40 mins). Living in London and living next door to work is a totally different thing.
I understand the NIMBY thing, but laws are needed to nullify this, our planning system is a mess. All that is needed is a planner to determine whether there are enough schools, hospitals and an adequate transport system to determine whether a new development schould be built, not Public Enquires lasting years and years where some batty old spinster is concerned that an increase in traffic might scare her dogs. A typical example of a planning balls-up is the new runway at Heathrow, what a political hot potato-dick sucking-****-up that is. Does Heathrow need another runway, YES IT DOES. As someone who regularly flies in and out of Heathrow I have probably spent two days of my life (if added together) in the past few years circling London waiting for a landing spot. How much bloody polution does that cause? Just think, an aircraft takes about 2 minutes to land = 2 minutes polution. Yet circling for on average 30 minutes and then taking 2 minutes to land = 32 minutes polution, 16 times as much. **** me it's a no brainer. Not to mention the piss-taking German Lufthansa Pilots saying 'Zis vould not happen in Germany'.
I now travel to Amsterdam the day before my African flight connection and stay overnight in the Hilton because I'm pissed off with either missing my connection or me making the flight but my bags not, just because the in-coming flight from Amsterdam gets delayed going round and round over London waiting to land. A total planning ****-up..
I would go for the latter and the rental market is what skews the supply and demand bit. If it was purely supply and demand the second option would prevail. An obvious bonus is that with house price inflation, one might actually gain from hanging on and renting for a bit. Supply and demand only really applies if one is producing the lower end housing, the first time buyer stuff, one bed flats etc., which sell quickly off-plan.
We all know commuting is the pits of the world but living in London, no thank you. When I worked at Euston, I could get into work quicker from Ashford in Kent (35 mins High Speed 1) that my colleage who lived in Tottenham (40 mins). Living in London and living next door to work is a totally different thing.
I understand the NIMBY thing, but laws are needed to nullify this, our planning system is a mess. All that is needed is a planner to determine whether there are enough schools, hospitals and an adequate transport system to determine whether a new development schould be built, not Public Enquires lasting years and years where some batty old spinster is concerned that an increase in traffic might scare her dogs. A typical example of a planning balls-up is the new runway at Heathrow, what a political hot potato-dick sucking-****-up that is. Does Heathrow need another runway, YES IT DOES. As someone who regularly flies in and out of Heathrow I have probably spent two days of my life (if added together) in the past few years circling London waiting for a landing spot. How much bloody polution does that cause? Just think, an aircraft takes about 2 minutes to land = 2 minutes polution. Yet circling for on average 30 minutes and then taking 2 minutes to land = 32 minutes polution, 16 times as much. **** me it's a no brainer. Not to mention the piss-taking German Lufthansa Pilots saying 'Zis vould not happen in Germany'.
I now travel to Amsterdam the day before my African flight connection and stay overnight in the Hilton because I'm pissed off with either missing my connection or me making the flight but my bags not, just because the in-coming flight from Amsterdam gets delayed going round and round over London waiting to land. A total planning ****-up..
