"a report...estimates a shortfall of 750000 homes by 2025", which implies we must be short of several hundred thousand homes already.
Where are all these people currently living? And assuming it is a real shortage, what would happen to house prices if this shortfall was eradicated, say within a year? Do they mean a shortfall of affordable housing, or any old housing?
I don't understand...
There's a shortage of money not houses
EDIT
"a report...estimates a shortfall of 750000 homes by 2025"
This is maybe to house all the extra illegals that Theresa May let in over the Summer
some housing stock is dilapidated and needs to be replaced, some people are living in overcrowded accommodating and the population is expanding
Housing shortage - is there one?
Bungalow.
depends on what you call a shortage.
I'd bet that most of the people currently in shared houses would rather not be. If there were more homes available, prices would be lower, and more people would have their own place
bungalow 😆
*polite round of applause for making me chuckle*
I can't speak for the national situation, but in Leeds there are hundreds of empty flats, and sites prepared to build hundreds more (before the economy turned downwards). The problem appears here to be less a shortage of houses, more a shortage of the right sort of houses.
Lots of council properties have recently been torn down (and about time too) namely back to back terraces in Holbeck and maisonettes in Seacroft, but they haven't been replaced with similar sized properties in the same area, and people want to stay in the areas they know, where their family are etc.
When we were looking to buy, we wanted a house with a decent sized garden, these are very rare within a reasonable budget, for me, the main problem was with the crazy rise in house prices meant I couldn't buy the kind of house that I expected I would be able to with my level of income. Granted, that is my personal lack of insight into the housing market, but most people don't grow up saying "I want to live in a squat, badly made 14th floor apartment on industrial waste land".
I don't even know what I'm trying to say anymore, I'm going to go back to my photo editing, stop putting me off!
No - population growth is the problem.
...Where are all these people currently living?...
there are lots of people living with parents, or friends, or in shared houses - student style.
lots of these people would like to buy their own house, or wouldn't mind renting if it wasn't a crap idea...
i don't know how 'affordable' houses can be built, and brought to market, without affecting the market (bringing house prices down).
[i]No - population growth is the problem. [/i]
Nope, not exactly right either - its mainly caused by people living in smaller family units, but there is a good growth 'problem'...
http://www.guardian.co.uk/society/blog/2011/oct/19/housing-shortage-oldsters-hoarding-bedrooms
Along with the houses not available in the areas where people want to live/work.
Plenty of cheap houses stuck on the market here that nobody's buying.
in rochdale the council are knocking down council houses for fun literally hundreds have gone in the last 2 years street by street and blocks of flats so far they have built 12 new bungalows!!
private houses are being cleared even faster streets of poor quaity terraces near the twon centre have gone and streets more are boarded up ready to go.. none of the sites are being bulit on. the only houses being built are 4/5 bed detached in nice parts of town ( allegedly there are some in rochdale) and 200 cheaper houses on an industrial estate that they could nt sell all the industrial units on.. i kid you not.. the view is to die for.. the biggest warehouse (embalzoned with JD sports') in england is literally on the other side of the single carraigeway acces road.
A short fall of 3/4 of a million sounds a bit difficult to swallow - it would be interesting to know who is behind 'a report' and what their agenda is. It would also be interesting to know what the shortfall is currently.
The problem appears here to be less a shortage of houses, more a shortage of the right sort of houses.
And houses in the right areas I guess - the area where I live is de-populating and there is a sizable housing surplus. In fact a surplus of buildings generally.
In the places where there is a high demand, during the last housing boom developers built lots of 'affordable' and 'first time buyer' properties to appease planners - but really as a way to get the most units into any given amount of space. The result is a glut of small flats suitable for young couples but very few family homes for them to move on to. And of the larger homes that do exist landlords and property developers tend to sub-divide those too if they can.