The BBC has a “Your Say” section on its website and it recently published an article about the housing crisis. Here are the comments which produced the three most popular comments:
We’ve got around 850,000 empty houses in this country. Unfortunately, many of them are in the ‘wrong place’ – in economically deprived areas rather than in the South East. The solution is to regenerate these areas and draw people to them, taking advantage of much cheaper housing in the process. But this would deflate the bubble the govt is anxious to create in the illusion of economic competence.
The problem is the phrase ‘shortage of housing’ always getting linked to lack of building activity. The problem is that over a million homes have been removed from the market by buy-to-let investors who with tax breaks have pushed up prices beyond the means of the people who would normally purchase such properties. That’s your problem
The public have been warning the “experts” for months that the housing market is oveheating despite Osbournes assurances that it wouldn`t. What`s needed is a lot more affordable housing. The “Help to buy” scheme also needs to be downgraded to morgages up to £200,000 and not the current £600,000. If you need help to buy a £600,000 house then you`re over-stretching yourself.
http://www.bbc.co.uk/news/business-27459663