{"id":10514,"date":"2016-04-12T17:29:26","date_gmt":"2016-04-12T10:29:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-younger-people-cant-buy-a-house-money-became-too-cheap-dominic-frisby\/"},"modified":"2016-04-12T17:31:53","modified_gmt":"2016-04-12T10:31:53","slug":"why-younger-people-cant-buy-a-house-money-became-too-cheap-dominic-frisby","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-younger-people-cant-buy-a-house-money-became-too-cheap-dominic-frisby\/","title":{"rendered":"Why younger people can\u2019t buy a house: money became too cheap | Dominic Frisby"},"content":{"rendered":"


\nOnerous planning regulations and cheap debt pushed house prices into the stratosphere \u2013 and it\u2019s in the interests of the political elite to keep them thereHouse prices have risen by 10% in the last year, the Halifax announced last week. Whoopeedoo. What that means is that the intergenerational wealth divide just rose by another 10% \u2013 and anyone born after 1985 is going to find it 10% harder to ever buy a home.There is perhaps no greater manifestation of the wealth gap in this country than who owns a house and who doesn\u2019t, and yet it\u2019s so unnecessary. Ignoring land prices for the moment, houses do not cost a lot of money to build \u2013 a quick search online shows you can buy the materials for a three-bed timber-framed house for less than \u00a330,000; in China a 3D printer can build a basic home for less than \u00a33,000 \u2013 and the building cost of the houses we already have has long since been paid. How can it be that, in the liberal, peaceful, educated society that is 21st-century Britain, a generation is priced out? These are not times of war, nor are they, for the most part, periods of national emergency, so why should one couple be able to settle down and start a family and another not, by virtue of the fact that one was born 15 years earlier than the other? Continue reading…
\n
\nSource : theguardian.com
\nRead more…Why younger people can\u2019t buy a house: money became too cheap | Dominic Frisby<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Onerous planning regulations and cheap debt pushed house prices into the stratosphere \u2013 and it\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-10514","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2JA","jetpack-related-posts":[{"id":132506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-cant-build-our-way-out-of-the-growing-housing-crisis-letters\/","url_meta":{"origin":10514,"position":0},"title":"We can\u2019t build our way out of the growing housing crisis | Letters","date":"December 8, 2022","format":false,"excerpt":"\r John Worrall, Philip Kerridge and John Rigby on the problems that continue to plague Britain\u2019s housing market One implication of your editorial on housing (1 December) is that greater supply would make housing more affordable. That would mean developers increasing supply to the point where they\u2019d have to drop\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":898,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-still-a-relatively-cheap-place-to-build-says-arcadis\/","url_meta":{"origin":10514,"position":1},"title":"Dubai still a relatively cheap place to build, says Arcadis","date":"January 7, 2016","format":false,"excerpt":"\r \r Government and private sector clients have an opportunity to commission new buildings at bargain rates, according to Arcadis.The company\u2019s latest International Construction Costs 2016 report states that Dubai remains a relatively cheap place to build. It is ranked 18th worldwide in a list of 44 major cities, meaning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137283,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeownership-is-a-great-way-to-build-wealth-advisor-says-heres-how-to-make-that-purchase-successful\/","url_meta":{"origin":10514,"position":2},"title":"Homeownership is a great way to build wealth, advisor says. Here's how to make that purchase successful","date":"June 8, 2023","format":false,"excerpt":"\r Even with high home prices and interest rates, owning a home can still pay off in the long run, one advisor says.\r \r Source : cnbc.com\r Read more...Homeownership is a great way to build wealth, advisor says. Here's how to make that purchase successful","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-help-to-buy-entrenching-housing-inequalities-rather-than-helping-editorial\/","url_meta":{"origin":10514,"position":3},"title":"The Guardian view on help to buy: entrenching housing inequalities, rather than helping | Editorial","date":"April 24, 2026","format":false,"excerpt":"\r The Tories\u2019 flagship scheme has aided higher earners most. The latest analysis of its flaws should lead to a rethinkThe results are in. The biggest winners from the Conservatives\u2019 help to buy scheme were high-earners who were already likely to buy a house. The Institute for Fiscal Studies (IFS)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/budapest-is-the-place-to-be-for-property-investors\/","url_meta":{"origin":10514,"position":4},"title":"Budapest is the place to be for property investors","date":"July 29, 2016","format":false,"excerpt":"\r Despite the plunge in London house prices since the Brexit referendum and the 15 per cent devaluation of the pound sterling, the UK capital remains a very expensive place to buy a home. 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