So long as affordable housing doesn't mean more flats...ooops sorry I meant apartments.

To late my son and about six of his mates have left the borough, cant see them returning. house £30,000 cheaper more amenities close by less parking hassle.
The last time he came to visit to show me his new car he came along New Tempest Roan and St Jonh's Road, said he wont be doing that again the comfiest part of the ride was over the speed bumps.

soup wrote:
To late my son and about six of his mates have left the borough, cant see them returning. house £30,000 cheaper more amenities close by less parking hassle. The last time he came to visit to show me his new car he came along New Tempest Roan and St Jonh's Road, said he wont be doing that again the comfiest part of the ride was over the speed bumps.

Where are they £30,000 cheaper.

There will be plenty cheap homes in Bolton soon.

The spendfest paid for by iresponsible borrowing against overvalued property has come to an end.
With less borrowed money swishing around the economy. It won't be long before we see service sector jobs disappearing. This in turn will lead to even less money in the economy and further job cuts and so on and so forth.
With loss of income and increasing living costs, many homeowners will default on their mortgages and face repossession. This will bring more houses onto the market and an oversupply will bring house prices down. Dwindling equity will deter banks from lending money and thus less money in the economy, less demand for goods and services, and more job losses.
And so it continues.

When our economy has been in trouble in the past we always had a few tricks up our sleeve. The Tories sold assets. Labour encouraged borrowing.
This time there are no magic tricks left in the box and we will have to bite the bullet and take the pain.

So yes there will be cheaper houses, but who will have the money to buy them?

when the council buildings stay eyesore,empty childrens homes etc,nothing gets done,amazing,when big brother shouts,

The Horwich Observer wrote:

soup wrote: To late my son and about six of his mates have left the borough, cant see them returning. house £30,000 cheaper more amenities close by less parking hassle. The last time he came to visit to show me his new car he came along New Tempest Roan and St Jonh's Road, said he wont be doing that again the comfiest part of the ride was over the speed bumps.

Where are they £30,000 cheaper.

burnley

Hope these will be allocated to the genuinely needed indigenous population - but I doubt it !

Yet again they simply refuse to define "affordable". So it becomes as meaningless as 'quality' or 'luxury' so often attributed to property.

Shall we call it 3½ times salary, with out the any nonsense shared ownership scheme involved? Designed to keep property prices high.

Politicians are such t0ssers, in this regard. Brown, Ball and Cooper going on as if high house prices are a good thing. Idiots.

High property prices do not benefit most people. The boom has been an illusion paid for on credit about to be called in.

Prices need to fall as they are doing. I welcome it.

For most it's not a big deal, it's all relative; it just means you won't have to take on as big a debt if you buy / move. Renting too will not such a drain.

The economy is in a mess. (Does anybody really believe infation is 2.1%?)There is no shortage of property, and there certainly won't be once the recession hits and the BTL speculators sink of move on.

Sun, good to see you've recovered from your silly episode! And no please no relapse...

The development on Hospital Road By Barratt Homes did originally have some houses/apartments that should have been affordable or shared ownership. Now the development is under way the developers and local council seem to have forgotten about that clause and all records of it slipped away......

""Over the last two years we had more than 10,700 expressions of interest for only 2,485 homes."


Shows how inept this council are for provision of housing needs against population doesn't it?

BOLTON AT HOME.

BOLTON OUT TO LUNCH more like.

Absolutely agree with you Ed Stirling. Inflation is more than 2.1% for instance Building materials have increased 10% - 20% and sometimes increases have been more than once a year. Petrol has gone up more than 12% domestic fuel has increased 10% - 15% and the list goes on.

soup wrote:
To late my son and about six of his mates have left the borough, cant see them returning. house £30,000 cheaper more amenities close by less parking hassle. The last time he came to visit to show me his new car he came along New Tempest Roan and St Jonh's Road, said he wont be doing that again the comfiest part of the ride was over the speed bumps.

Where has he moved to? Warsaw?

Sun Tzu wrote:
There will be plenty cheap homes in Bolton soon.

The spendfest paid for by iresponsible borrowing against overvalued property has come to an end.
With less borrowed money swishing around the economy. It won't be long before we see service sector jobs disappearing. This in turn will lead to even less money in the economy and further job cuts and so on and so forth.
With loss of income and increasing living costs, many homeowners will default on their mortgages and face repossession. This will bring more houses onto the market and an oversupply will bring house prices down. Dwindling equity will deter banks from lending money and thus less money in the economy, less demand for goods and services, and more job losses.
And so it continues.

When our economy has been in trouble in the past we always had a few tricks up our sleeve. The Tories sold assets. Labour encouraged borrowing.
This time there are no magic tricks left in the box and we will have to bite the bullet and take the pain.

So yes there will be cheaper houses, but who will have the money to buy them?

Agree with everything you say there Sun.

People to buy :-

The drug dealers and the lottery winners.

Plenty of the former about though. Many to yet come out of prison because of early release.

They go dig up their stashes and buy up all the repossessed houses.

The recession deniers are the ones sat in cosy council offices working on their statistics.

They think they are untouchable.

Well we shall see.

Maria wrote:
Absolutely agree with you Ed Stirling. Inflation is more than 2.1% for instance Building materials have increased 10% - 20% and sometimes increases have been more than once a year. Petrol has gone up more than 12% domestic fuel has increased 10% - 15% and the list goes on.

MAria,

You have to unerstand how this governmen manipulates the figures to work out inflation.

It doesn't include domestic energy bills, council tax and fuel costs as say they do in France.

the RPI explained here :-

Finding RPI Data
Where to find RPI data

What does this guide contain?
Information about indices, percentage changes, weights, average prices and historical data.

What is RPI data?
The Retail Prices Index (RPI) is the most familiar general purpose domestic measure of inflation in the United Kingdom. It is available continuously from June 1947. The Government uses it for uprating of pensions, benefits and index-linked gilts. It is commonly used in private contracts for uprating of maintenance payments and housing rents. It is also used for wage bargaining.

Where can I find the All Items RPI?
All items RPI data, along with All items excluding mortgage interest payments (optionally excluding indirect taxes) and All items excluding housing data are available in a number of places including 'Time Series Data' and 'RPI monthly data'.

RPI index values since 1947 are available from the RP02 table, RPI rates since 1948 are available from the RP04 table and RPI excluding mortgage interest rates are available from the RPIX table.

Where can I find other data after 1987?
'Focus On Consumer Price Indices' contains a detailed breakdown of RPI data including indices, weights, percentage changes and average prices in tabular form. The 'Time Series Data' service provides these same series in a choice of alternative formats.

Where can I find data before 1987?
The article 'Consumer Price Inflation 1947 to 2004' includes spreadsheets containing indices, weights, percentage changes and average prices. It also lists the price indicators used in various years since 1947.

Inflation figures back to 1750 are available in the article 'Consumer Price Inflation since 1750'.

Bolton isn't great. But no matter how cheap the housing, I don't think I'd be moving to Burnley.

Rocky wrote:
""Over the last two years we had more than 10,700 expressions of interest for only 2,485 homes." Shows how inept this council are for provision of housing needs against population doesn't it? BOLTON AT HOME. BOLTON OUT TO LUNCH more like.

Div.
If you knew anything you would know that Bolton at Home (or any council housing organisation nationwide) have not been allowed to build new houses since the early 1980s. It was brought in by Thatcher, and this government has shamefully never reversed this policy. It wouldnt be a major problem if the right to buy scheme didnt exist. But it does and therefore the supply will continue to drop, so exepect the following figures. In 2 years it will be 12,000 expressions for 2,000 homes, and in 5 years 15,000 expressions for 1,500 homes.
Never mind about so called affordable housing being built, the government should allow councils to build rented accomodation like they used to be able to do. A direct plus from this would of course be less debt for people mortgaged up to the eyeballs. That is of course if the Brits are ready to follow their European neighbours and shake off the obsession with (so called) owenership at any cost.

Breightmetblogger - The underlying driving force of the British economy for the past 20 years, has been increasing property values and the money which could be borrowed against them.
Our economy would have stalled if the government had discouraged people from aspiring to own their homes.

Now the house of cards is set to collapse and we will have to get back to working for a living.
It's been shameful mismanagement of our countries economy. Hopefully a more honest breed of politician will eventually emerge, from the gloom of the recession we are now heading for.

I have some sympathy with that Sun. Why people have been celebrating house price inflation is beyond me. Houses are primarily homes to live in, not investment vehicles. But quite why you seem so keen for a recession escapes me.

A definition of "affordab;le" would be good. Residents here were subject to CPOs and replacement "affordable" housing is set to be at least twice what they were paid.

Breightmetblogger wrote:

Rocky wrote: ""Over the last two years we had more than 10,700 expressions of interest for only 2,485 homes." Shows how inept this council are for provision of housing needs against population doesn't it? BOLTON AT HOME. BOLTON OUT TO LUNCH more like.

Div. If you knew anything you would know that Bolton at Home (or any council housing organisation nationwide) have not been allowed to build new houses since the early 1980s. It was brought in by Thatcher, and this government has shamefully never reversed this policy. It wouldnt be a major problem if the right to buy scheme didnt exist. But it does and therefore the supply will continue to drop, so exepect the following figures. In 2 years it will be 12,000 expressions for 2,000 homes, and in 5 years 15,000 expressions for 1,500 homes. Never mind about so called affordable housing being built, the government should allow councils to build rented accomodation like they used to be able to do. A direct plus from this would of course be less debt for people mortgaged up to the eyeballs. That is of course if the Brits are ready to follow their European neighbours and shake off the obsession with (so called) owenership at any cost.

Correct!

Andrew wrote:
I have some sympathy with that Sun. Why people have been celebrating house price inflation is beyond me. Houses are primarily homes to live in, not investment vehicles. But quite why you seem so keen for a recession escapes me.

A definition of "affordab;le" would be good. Residents here were subject to CPOs and replacement "affordable" housing is set to be at least twice what they were paid.

Everything escapes you Andrew. You are constantly trying to square the circle.

What good has our so-called booming economy done for ordinary people? I think you'll find it's very little once the truth is up about Gordys economic miracle.
What about all this greed? has it made us better people? I think not.

Who will suffer most in a recession? Who will suffer least?

Why talk up recession? It could be a self fulfilling prophecy. Of course there are those on the far right willing a recession in the hope that it would promote greater disaffection and disorder which they cdould exploit.

Rocky,

Re - the inflation figures, I think you've confused RPI and CPI.

The figure presented in the media (2.1%) is CPI which unlike RPI (‘officially’ running at 4.0%), excludes costs related to housing.

CPI is a European comparative measure.

Importantly, it is the CPI figure that Gordon Brown chose to make the BoE target for Interest rate setting.

This has meant that the house price inflation of the last decade has not been a factor in interest rate setting, thus fuelling and accelerating the credit binge.

Because of this interest rates have in fact been too low so the economy has overheated (house prices).

The data used can be weighted and changed, so it is possible to manipulate the inflation figure.

Low inflation makes the government look good; high house prices make homeowners feel good and more likely to spend.

There is a lot of smoke and mirrors and media hype going on.

Brown claimed he could end 'Boom and Bust' - we were taken in; when business cycles have ups and downs, always have, always will.

The point being with inflation, more and more people now realise that the headline figure (2.1%) bears little relation to people's real experience in day-to-day life.

The downside about the clamour for interest rate cuts (to protect the housing market!!!) is that the pound will weaken and exports will increase in price - inflationary.

For the housing market (debt) to have been allowed to be the engine of the economy is an absolute scandal.

The cheerleaders and vested interests will continue to say that everything is OK or that somehow the UK is immune from it all. It’s simply not true.

If a recession helps in getting people to reassess what is important (relationships, community) and gets them away from greedy, OTT consumerism; and also clears out the corrupt and incompetent from govt & finance, then so be it!

Sorry, we really need and edit button on this forum!

4th parargraph from the end should read:

The downside about the clamour for interest rate cuts (to protect the housing market!!!) is that the pound will weaken and imports will increase in price - inflationary.

Exports actually get cheaper - if only we had a manufacturing base!

Breightmetblogger wrote:

Rocky wrote:
""Over the last two years we had more than 10,700 expressions of interest for only 2,485 homes." Shows how inept this council are for provision of housing needs against population doesn't it? BOLTON AT HOME. BOLTON OUT TO LUNCH more like.

Div.
If you knew anything you would know that Bolton at Home (or any council housing organisation nationwide) have not been allowed to build new houses since the early 1980s. It was brought in by Thatcher, and this government has shamefully never reversed this policy. It wouldnt be a major problem if the right to buy scheme didnt exist. But it does and therefore the supply will continue to drop, so exepect the following figures. In 2 years it will be 12,000 expressions for 2,000 homes, and in 5 years 15,000 expressions for 1,500 homes.
Never mind about so called affordable housing being built, the government should allow councils to build rented accomodation like they used to be able to do. A direct plus from this would of course be less debt for people mortgaged up to the eyeballs. That is of course if the Brits are ready to follow their European neighbours and shake off the obsession with (so called) owenership at any cost.

Ownership is what has allowed people to get into as much debt as they have.

AS they have an asset to strip so agree on that point.

As Far as Bolton at home are concerned they should be protesting in the streets never mind wishy washy memos.

Numpty.

Andrew wrote:
I have some sympathy with that Sun. Why people have been celebrating house price inflation is beyond me. Houses are primarily homes to live in, not investment vehicles. But quite why you seem so keen for a recession escapes me.

A definition of "affordab;le" would be good. Residents here were subject to CPOs and replacement "affordable" housing is set to be at least twice what they were paid.

I don't think he is keen Andrew we all know what hurt damage and depression it will bring but people like Sun and I just find it an inevitable consequence.

The mistake we have made is allowing more debt upon debt.

I am so grateful the mortgage is finished and I have no debts.

Ok Andrew. A big question for you to think about.

In a global economy. Where there are many countries on the way up and able to undercut us. Just what do we propose to trade?

Rocky wrote:

Breightmetblogger wrote:

Rocky wrote: ""Over the last two years we had more than 10,700 expressions of interest for only 2,485 homes." Shows how inept this council are for provision of housing needs against population doesn't it? BOLTON AT HOME. BOLTON OUT TO LUNCH more like.

Div. If you knew anything you would know that Bolton at Home (or any council housing organisation nationwide) have not been allowed to build new houses since the early 1980s. It was brought in by Thatcher, and this government has shamefully never reversed this policy. It wouldnt be a major problem if the right to buy scheme didnt exist. But it does and therefore the supply will continue to drop, so exepect the following figures. In 2 years it will be 12,000 expressions for 2,000 homes, and in 5 years 15,000 expressions for 1,500 homes. Never mind about so called affordable housing being built, the government should allow councils to build rented accomodation like they used to be able to do. A direct plus from this would of course be less debt for people mortgaged up to the eyeballs. That is of course if the Brits are ready to follow their European neighbours and shake off the obsession with (so called) owenership at any cost.

Ownership is what has allowed people to get into as much debt as they have. AS they have an asset to strip so agree on that point. As Far as Bolton at home are concerned they should be protesting in the streets never mind wishy washy memos. Numpty.

Yeah, Rocky - good move - change the subject if you are shot down.

I actually agree with you on all what you have said here, apart of course from the "numpty" bit.

Strange - you agreeing with Andrew earlier and now me agreeing with you. has somweone put something in the water to calm us all down?!

Sun Tzu wrote:
Ok Andrew. A big question for you to think about. In a global economy. Where there are many countries on the way up and able to undercut us. Just what do we propose to trade?

We should never have destroyed our manufacturing base, nor our mining. Thatcher's legacy, along with the decimation of social housing through right to buy and building/finance constraints.

Guess we have to make do with our service industries and rump end of what we still make. Small businesses are now probably the most important sector of our economy though.

Andrew wrote:

Sun Tzu wrote:
Ok Andrew. A big question for you to think about. In a global economy. Where there are many countries on the way up and able to undercut us. Just what do we propose to trade?

We should never have destroyed our manufacturing base, nor our mining. Thatcher's legacy, along with the decimation of social housing through right to buy and building/finance constraints.

Guess we have to make do with our service industries and rump end of what we still make. Small businesses are now probably the most important sector of our economy though.

I agree with all you say in your first paragraph.

We can't make do with service industries. In the same way as developing nations no longer need our goods, they will also learn to provide their own service and financial industries without our help.

We need to rebuild and look after our own interests.

Rocky wrote:
""Over the last two years we had more than 10,700 expressions of interest for only 2,485 homes." Shows how inept this council are for provision of housing needs against population doesn't it? BOLTON AT HOME. BOLTON OUT TO LUNCH more like.

cant predict the demand they dont know who is arriving from,were?

Andrew wrote:

Sun Tzu wrote: Ok Andrew. A big question for you to think about. In a global economy. Where there are many countries on the way up and able to undercut us. Just what do we propose to trade?

We should never have destroyed our manufacturing base, nor our mining. Thatcher's legacy, along with the decimation of social housing through right to buy and building/finance constraints. Guess we have to make do with our service industries and rump end of what we still make. Small businesses are now probably the most important sector of our economy though.

margret thatcher the childrens milk snatcher,laurel and hardy of politics,and thats another fine mess you left us in,maggie you silly cow.....

Andrew! GOD your thick!

It is Bolton Council that has stood in the way of affordable housing!
It would prefer a smaller number of large houses occupied by a small number of people, so it can charge between £2 & £3000 a year for rates, rather than provide services for a larger number of people living in greater number of affordable house, For Christ sake you people, wake –up!

VOTE corrupt councillors out! YOU have a choice of many!