Author |
Topic : Kids, behaviour and housing. |
| wahiba
Website Member
Posts : 559
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22/08/2007 : 17:54:31
Everyone should read a book called 'Hooligan'. It is most revealing. But to sum it up; the behaviour of 'kids' has been a problem going back to the stone age. Consequently I have no problem with the kids in Silsden, they are acting their age within the environment created for them by adults. t'was always thus.  As for housing. The need to provide housing so that they can stay within the community is a bit out of synch with the modern mobile world. I am not sure if it is a relevant argument today.
OK, some will want to stay, some will return after an absence, but the majority? They will be away to become offcumdens elsewhere. |
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| alan
Website Member
Posts : 3007
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22/08/2007 : 18:11:37
this post has been edited 1 time(s)
But what about other peoples kids who want to move in to Silsden, "wahiba"? |
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| wahiba
Website Member
Posts : 559
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23/08/2007 : 09:15:23
Anyone who buys a house in Silsden will have parents. Whether or not they are/were born/brought up in Silsden is irrelevant.
The ability for anyone to buy a house is a different question. My personal opinion is that the housing market has been so skewed in favour of home buyers over home renters that market stabilisation is likely to occur.
For instance: £500 a month rental means £6000 pound a year. At one time property rental was expected to return around %10 to allow for landlords expenses, maintenance etc. If this is true then a property rented out for £500 a month has a true value of £72000. Now if that is what the landlord paid, or less for the property no problem. But as a lot of people have paid more for buy to let, anticipating capital growth rather than income, then the potential for a financial problems becomes apparent. |
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| alan
Website Member
Posts : 3007
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23/08/2007 : 10:29:29
Not too sure at the point you're trying to make "wahiba".
The simple point is that people want to live in Silsden, and it's a growing town. You only need to look at house prices to see that! IF we are going to build houses in the town a certain portion need to be affordable for those on lower incomes, or should we barr those people from the town or make them move away?
But, as for rent, with an average cost in the town region in the of £150k to £200k for a three bed house, how is the market likley to stabilze in the favour of renting when the rent for such a house would be about £650 per month.
With the costs of maintenance thrown in you'd get a better return in a building society with bonds etc than buying a house for rent, in my humble opinion. |
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| wahiba
Website Member
Posts : 559
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23/08/2007 : 18:12:30
The point I am making is that the housing market has become so warped over the years with political interference. Low cost housing schemes give the allusion of ownership whereas they are a form of leasehold tenancy. Like a lot of people I feel that the housing market is possibly a financial time bomb. I hope I am wrong and the correction will be slow, which will be less painful than an explosion that hurts. |
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| pumbajunior
Website Member
Posts : 2224
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23/08/2007 : 21:56:07
i dont think the housing market will crash because if say houses dropped by about 10-20% there would just be a boom that would push them right back up again I quite often look in the estate agents when walking up town there has certainly been a slow down in prices but i doubt they will lose much value |
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