Anyone felt the pinch yet?

Notice a good proportion of my hotels are quiet this week. But with the jubilee round the corner and pride the week after maybe folk are simply saving their trips for that.

Cant help but feel the media are driving a lot of it. They seem hell bent on us heading into a recession. Making people panic and stop spending.

They should be telling everyone its all gravy.

Only area Ive felt it is diesel. £154 to fill my van the other day. That's taking the piss.

Just now, gonzo said:

Surely any form of population inflation would have an impact on available housing?

That just stands to reason doesn't it?

Our population is growing isn't it? 

Thats just a down right lie 

2 minutes ago, gonzo said:

Surely any form of population inflation would have an impact on available housing?

That just stands to reason doesn't it?

Our population is growing isn't it? 

Population growth will affect rental availability, if people can't get on the ladder.

Most immigrants looking to settle/rent tend to play at the lower end of the market, though, so the higher-value rental market shouldn't be as affected.

We need to go back to building council houses, this will help to stimulate the building trade, create jobs, provide homes for the lower-paid and generate future revenues. The more we can steer people away from private landlords, the better.

14 hours ago, gonzo said:

They recently built on some marsh land near the Golden Eagle in Anchorsholme. It had 2 ponds on it and was permanently under water.

They are now wondering why all the gardens are in 3ft of water and concerns are already being raised about subsidence.

Thats to go with the rats that are all over the estate.

Building, again, on the edge of our village, in an area that is always very muddy seems to hold a lot of water. We used to walk the dogs there all the time, and they'd always be filthy as it's constantly soft underfoot. Anyway, they've put the footings in about 6 months ago, and every week without fail, the entire site is flooded. They even bring a tanker round to pump out the drains on occasion. 

Those houses, when they're built, are 100% going to have problems

1 hour ago, gonzo said:

Surely any form of population inflation would have an impact on available housing?

That just stands to reason doesn't it?

Our population is growing isn't it? 

Population is growing, and yet we still are told that we'll need further immigration moving forward, as we have a declining indigenous population. We're going to need a lot more houses , apparently we'll need somewhere between 300K~500K new builds each year, moving forward. In 2023, there were only 230K new homes built - so you can see the problem

Agree with @Traf about new council houses needing to be built, but I think we all know that won't happen to any great degree, unfortunately.

As ever, it'll be the "lower paid" that will face the brunt of it, and be left behind. That's always been the case, and always will be unfortunately.

The biggest, not sole, contributor to increased house prices was the record low interest rates for 10 years. Shown here in the graph. 

34 minutes ago, BobyBrno said:

The biggest, not sole, contributor to increased house prices was the record low interest rates for 10 years. Shown here in the graph. 

And that 100% makes sense, as well as the banks allowing about 7x / 8x  earnings to be taken into consideration. My second house, I was only earning £35K per year, and they allowed me to borrow just over £270K, ridiculous really

What doesn’t help with the rise in rent prices is successive governments paying double the average rent in some areas to private landlords. Some of the rent figures are mind boggling. 

Although, as a home owner.....high prices are a relatively good thing, with my selfish head on, I don't want them going down, I'd much rather they kept increasing 😁

2 hours ago, Sweep said:

Building, again, on the edge of our village, in an area that is always very muddy seems to hold a lot of water. We used to walk the dogs there all the time, and they'd always be filthy as it's constantly soft underfoot. Anyway, they've put the footings in about 6 months ago, and every week without fail, the entire site is flooded. They even bring a tanker round to pump out the drains on occasion. 

Those houses, when they're built, are 100% going to have problems

Seen it a few times over this way. Some houses sank and collapsed when they built on marsh land near Stanley Park. Same on Valenica avenue in Bispham when they filled a pond in and built on it, they were condemned in the end.

Back hander central

10 minutes ago, gonzo said:

Seen it a few times over this way. Some houses sank and collapsed when they built on marsh land near Stanley Park. Same on Valenica avenue in Bispham when they filled a pond in and built on it, they were condemned in the end.

Back hander central

Don't know the site but a pond wouldn't usually count as flood risk 

If it's flood zone 1 as per the Environment Agency maps then it's fine

The idea that Planning Officers get back handers belongs on the BN comments section 

2 hours ago, BobyBrno said:

The biggest, not sole, contributor to increased house prices was the record low interest rates for 10 years. Shown here in the graph. 

I’m no economist but the climb seems pretty steady no matter what the interest rate is doing.