Why You Might Never Be Able To Afford A House

WHY YOU MAY NEVER BE ABLE TO AFFORD A HOUSE! IF FOOD PRICES ROSE IN LINE WITH HOUSE PRICES (SINCE 1971) MILK £8.47 £10.45 £51.18 £5.01 £4.36 HOME OWNERSHIP IS FALLING FOR THE FIRST TIME SINCE THE 1980'S 13% 71% 69% 67% 65% 63% 61% 59% HOME OWNERS AS A % OF ALL HOUSEHOLDS 57% 55% 1980 1982 1984 1986 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2009-10 2011-12 A GENERATION ARE LOSING OUT ON AN OPPORTUNITY 90% HOME OWNERSHIP PERCENTAGE BY AGE 80% 10% 60% 50% 40% 30% 20% 10% 16-24 25-34 35-44 45-54 55-64 65-74 75 2008/09 2011/12 ARE WE BUILDING ENOUGH HOUSES? CONSTRUCTION STARTED ON JUST 109,490 NEW HOMES IN ENGLAND LAST VEAR (2013). THAT'S THE LOWEST FIGURE SINCE 1946. 1968 - 352,540 NEW HOMES 2003 - 144,060 NEW HOMES 2013 - 109,490 NEW HOMES THE POPULATION IS GROWING FASTER THAN AT ANY TIME SINCE 1960 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 DATA LAST UPDATED SEP 8, 2013 THE PROBLEM IS THAT THE PRICES ARE JUST TOO HIGH LONG TERM HOUSE PRICE TREND £200,000 £180,000 £145,000 £125,000 £110,000 £90,000 £70,000 £50,000 £35,000 £20,000 SO WHAT'S THE SOLUTION? LONDON & THE M25 Building one mile into land within the M25 could add up to one million new homes. PLANNING LAWS & EMPTY SHOPS Relax planning laws to allow failing parades to convert to residential more easily. Empty or underused storage over shops could create thousands of homes and rejuvenate desolate areas. CONTAINER HOMES A quick and cheap alternative to building thousands of new homes. Successful already in parts of the UK, America and New Zealand. BUSINESS RELOCATION As a long term strategy. relocation of businesses away from the crowded South East would provide work and fill these empty units. 1hbr INFOGRAPHIC CREATED BY House Buy Fast The Quick House ying Company HOUSEBUYFAST.CO.UK Sources: books.google.com. gov.uk / via English Housing Survey, nationwide.co.uk, england.shelter.org.uk. tom.acrewoods.net, nationalárchives.gov.uk. theguardian.com. £661 1661 6861 1861 1985 1983