Value of land ?!

[four-wheel-drive]

Figgy has a point regarding what the first time buyers are after,

 

Terraced housing where I live is still available from £35k upwards

 

My niece wants to buy but won't buy one of these, she wants the semi, new build type.

 

What has happened to the terraces is that people are snapping them up and renting them out,

 

They are not bothered who rents them so the area starts to deteriorate therefore making people who CAN afford to buy not want to live there,

 

Case in point, couple 5 doors down from me moved in, not the nicest couple. As in noisy, didn't care about the house, loud music etc

 

Didn't pay rent got evicted, moved into the next street down,......will they start to pay rent now?

 

Council failed to reinvest the money they got from selling stock, just sat on the money.

 

Our council have now sold of all of their housing stock to a housing association,

 

The young first time buyers of today have more disposal income than our parents did and live in the "we want it now" culture

 

Who can blame them

 

I think that you will find that when the Conservative government made the law letting tenants buy there council houses/flats for some stupid reason known only to them councils were not permitted to use the money to replace the houses that they was forced to sell and even when Labour came in they failed to change it and this is at the root of our housing problems today.

 

Also I think that you will find that councils did not as you say (Our council have now sold of all of their housing stock to a housing association) they was given to housing association with the encouragement from the conservative government who did not like councils being involved with social housing.

Edited January 5, 2014 by four-wheel-drive