/biz/ - Business & Finance

https://www.bbc.com/news/business-65422183.amp

Construction is down because raw materials are still very expensive and the high rates prohibit big investments.

Not sure what sinister stuff you’re implying.

>>54770270
Three words anon
>planning
>permission

>>54770284
Except construction is down pretty much everywhere in the world because of the factors I mentioned. It is clearly more than some unique regulatory issue.

Also that’s two words.

they’re building copy/paste deano farms fucking everywhere. go outside once in a while

>>54770308
>It is clearly more than some unique regulatory issue.
it can easily be solved with regulatory solutions, even if those aren't necessarily the cause; but there's a clear correlation to regulatory bodies preventing new houses from being built.
basically, what the fuck are you talking about anon.

>be island
>import millions of pakis
>why is hous le expensive

truly a mystery

>>54770323
There's so much building going on, high occupancy housing has been the rage since 2000. It's almost like they knew or a coincidence or summit.

>>54770270
>>54770284
It's a mixture of both ((regulatory considerations))) but also yes the supply chain in this country was crashed with no survivors three years ago and we're not even back on our feet yet
Getting raw materials for building right now is a fucking pain. EVERYTHING is twice as expensive and there seems to be a national steel shortage - I do some construction work with structural steels (think your A500s and A900s), everything is taking twice as long to come in. Even basic nuts and bolts are sometimes on back order, shit must be fucked with China right now.

>>54770367
>there's a clear correlation to regulatory bodies preventing new houses from being built.
Take the defra magic maps pill. Zone blocked.
https://magic.defra.gov.uk/magicmap.aspx

>>54770388
>No no you don't understand, it's not because...u we have economic data showing..uh..uh...IT JUST ISN'T BECAUSE OF THAT, OK BIGOT? SHUT THE FUCK UP AND BE MORE COMPASSIONATE, GET IN THE POD

>>54770407
Just make the cheapest ugliest commie blocks and rent it to British neets.

>>54770421
wow, this is pretty cool, thanks for sharing.
things are worse then I thought.
you can't build houses, pretty much anywhere.

>>54770423

>no no no you don't get it they have a high crime rate because you're racist. What they have a high crime rate when not around white people too? shut up you're literally hitler!

>>54770208
>>54770284
>>54770308
>>54770323
As a home builder, I can tell you that the idea of borrowing 40 million at 6/7/8% when 18 months ago it was ~2.5% is pretty significant.
It also impacts the sale price of what is built. How am I supposed to think about my margin 5 years from now when all the homes are finally built if people can't afford 5% interest rates on their current homes?
Better to wait it out, not worth building in this environment.

>>54770457
Yup. Everyone thinks it's all about the green belts. In reality, you've got all that shite on top to deal with and then the local planning authority can add their own requirements on top of that. A fun game is to see if you can find anywhere on that map that isn't actually covered by one or more restriction.

>>54770208
Banks give out mortgages to home-buyers who then rent out the property and finance the mortgage with the income from rent. The bank gets nearly risk-free money, the landlord gets a bit more risky money because he's taking on interest rate and liquidity risk. The renter gets nothing. The homebuilder probably gets little credit to prevent him from building too many homes and thereby increasing the supply of housing and lowering rents (which are the source of the banks' credit creation in this scheme). What a clever little scheme.

>>54770703

And it all collapses when the employment dries up and the paypigges can't prop it all up

>>54770748
They tried to construct a perpetuum mobile, but there is, of course, no perpetuum mobile. This eventually hollows out the society on whose stability banks are predicated. It is a long-running self-rugpull.

>>54770323
Who the fuck is buying these deano dens, are they mentally deficient?

>>54770854

They probably have no other choice.

>>54770937
doubt. there are fucking used car vending machines these days. people are just lazy and lacking patience. these are not in a shortage

>>54770208
Feels good being a PLEBtard these days, lots of money to invest, lots of money to buy a house. We just need to stay strong and accooomulate and let it all go up

>>54770208
Where I live a shitty studio in a shitty neighbourhood is $2000/month. If it's renovated or a new build, you're looking at $3500/month. That's just for a studio. Just a room with a kitchen and bathroom.

>>54770208
>more properties to service for less return
You’d have to be an idiot

>>54770208
>feds create program to suggest continual rent hikes to landlords
>landlords rub their hands and hike the rent
>property assessment values rise
>homeowners get rugpulled paying more property taxes
>fed gets its hands on more money

just another way to bleed the cattle

>>54770208
Good. Hopefully the prices keep on rising and then this clown show will end

>>54770208
More fake news from Britain's premier creator-distributor of fake news.
These is no "lack of homes." Rather, there is an altogether different problem.

>>54770270
Canada had a large lumber yard shut down. Shit is not getting better.

>>54770208
Why don’t i just build a few houses and sell them? Seems like free money

>>54776261
I wish there were house kits we could buy from the sears catalog.

>>54776261
Just... be yourself.

>>54770208
get this mr bean ass thread out of here, all UK housing is like a fucking cartoon

>>54770284
>rezone everything to allow Indian slum construction
Yep, there's no alternative. Obviously the UK isn't as large as India but without the damn planning permission standing in the way, we could have at least covered half the land mass of England in high density slums with room to spare for designated shitting streets by now. India's population is over a billion and growing, while our natives are too lazy to even breed at replacement rate. The least we can do is make room for their rabbit tier growth in our developed countries where there is ample infrastructure and civilization for them to overwhelm and destroy.