Conor wrote:
In article , CastIron_881
@hotmail.com says...

But it is the question of affordability in relation to local wages
that is the cause for concern.

We have entire villages where the only locally born people there are
those who bought their homes decades ago and never moved. The rest
simply can't afford to buy. The sad fact is that the effect is also
spreading into the towns in East Yorks to the point that no locals
will be able to afford to buy.

Basic laws of supply and demand, I'm afraid. In large parts of the country
it's now the case that someone on average wages can't get on the property
ladder. But life goes on, somehow.

In general the response to this seems to be that kids continue to live with
their parents to an ever later age.

Where locations are within commuting reach of major cities I don't see that
restricting second home ownership would make any difference.

--
http://www.speedlimit.org.uk
"Necessity is the plea for every infringement of human freedom.
It is the argument of tyrants; it is the creed of slaves." (William
Pitt, 1783)

In article ,
says...
Conor wrote:
In article , CastIron_881
@hotmail.com says...

But it is the question of affordability in relation to local wages
that is the cause for concern.

We have entire villages where the only locally born people there are
those who bought their homes decades ago and never moved. The rest
simply can't afford to buy. The sad fact is that the effect is also
spreading into the towns in East Yorks to the point that no locals
will be able to afford to buy.

Basic laws of supply and demand, I'm afraid. In large parts of the country
it's now the case that someone on average wages can't get on the property
ladder. But life goes on, somehow.

If only that were the reason. In fact, what is happening here is that
people living in the South East are selling up and moving up here to
retire because of the cheaper housing. The problem is that they
contribute so little to the local economy that the wages have remained
static whilst the house prices have shot up 100%. Even a couple on
decent wages for the area can no longer afford to buy a house on a 3
times multiplier of annual earnings.

--
Conor

"Cogito Eggo Sum" - "I think, therefore I am a waffle"

Conor wrote...

... what is happening here is that
people living in the South East are selling up and moving up here to
retire because of the cheaper housing. The problem is that they
contribute so little to the local economy that the wages have remained
static whilst the house prices have shot up 100%. Even a couple on
decent wages for the area can no longer afford to buy a house on a 3
times multiplier of annual earnings.

This very different from what you usually tell us about house prices up
north.

Why is that?

In article ,
says...

This very different from what you usually tell us about house prices up
north.

Why is that?

Even with the 100% increase they're still cheap compared to most of the
rest of England. It is still possible to buy a 3 bed house for £70,000
in Driffield but that's still above alot of peoples incomes here.


--
Conor

"Cogito Eggo Sum" - "I think, therefore I am a waffle"

Conor wrote:
In article ,
says...

This very different from what you usually tell us about house prices
up north.

Why is that?

Even with the 100% increase they're still cheap compared to most of
the rest of England. It is still possible to buy a 3 bed house for
£70,000 in Driffield but that's still above alot of peoples incomes
here.

But people on that kind of money have *never* been able to afford to buy
houses. Such a house could easily be bought by a couple earning £23,000 pa
between them, which is not a lot of money.

--
http://www.speedlimit.org.uk
"Necessity is the plea for every infringement of human freedom.
It is the argument of tyrants; it is the creed of slaves." (William
Pitt, 1783)

"PeterE" wrote in message
...
Conor wrote:
In article ,
says...

This very different from what you usually tell us about house prices
up north.

Why is that?

Even with the 100% increase they're still cheap compared to most of
the rest of England. It is still possible to buy a 3 bed house for
£70,000 in Driffield but that's still above alot of peoples incomes
here.

But people on that kind of money have *never* been able to afford to buy
houses. Such a house ....

err. ********.
Just one or two years ago, not too far from where you are, you could get a
decent house in a non-dodgy area for less than 30,000

(to the original point -the prices have more than doubles in a short space
of time)

Conor wrote:

snip

static whilst the house prices have shot up 100%. Even a couple on
decent wages for the area can no longer afford to buy a house on a 3
times multiplier of annual earnings.

So buy a flat then!
--
MrBitsy

"MrBitsy" wrote in message
...
Conor wrote:

snip

static whilst the house prices have shot up 100%. Even a couple on
decent wages for the area can no longer afford to buy a house on a 3
times multiplier of annual earnings.

So buy a flat then!

What makes you think that would be significantly cheaper?

In article ,
says...
Conor wrote:

snip

static whilst the house prices have shot up 100%. Even a couple on
decent wages for the area can no longer afford to buy a house on a 3
times multiplier of annual earnings.

So buy a flat then!

Thisd is not the South East. Flats are very rare and then only
available for rent for mainly the DSS.

--
Conor

"Cogito Eggo Sum" - "I think, therefore I am a waffle"