How Britain Solved the Housing Crisis
Experience a vision of the future in 2035 where Britain's housing crisis is a thing of the past. Join Kristian Niemietz, Editorial Director, as he discusses the transformative impact of the housing revolution detailed in his new IEA publication "Home Win". Discover how a decade-long housebuilding boom has led to steady improvements in housing affordability, marking a significant shift from the housing shortages of the past.
In this video, Niemietz reflects on the challenges faced by Britain in the mid-2020s, highlighting the massive housing shortage and its detrimental effects on the economy and society. Through insightful analysis, he reveals how government reforms tackled the root of the problem, paving the way for unprecedented growth in housing supply and affordability.
Explore the ripple effects of the housing revolution, from increased labor mobility and productivity to fiscal savings and a politically less polarised society. Gain valuable insights into the policies and strategies that drove this remarkable transformation, offering hope for a brighter future.
Join Kristian to look back at the bad old days, the mid 2020s. Britain before the housing revolution.
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Do you believe that a house building boom, similar to what was shown in the video, is a viable solution to address the current housing crisis? If not, what alternative solutions do you think could be more effective?
No I do not - all it will do is destroy farm land and turn villages into suburbs. As for an alternative solution - stop mass immigration. That is what the British people have been demanding for many years - and which the "democracy" does not deliver.
The greed paradox of people wanting their house to go up in price but also wanting to have more houses available. In the end people prefer their house value to go to the roof even if it makes it difficult for other people to find affordable housing.
Reporting from the year 2035 😂
It's not just the planning system: the major housebuilders also restrict supply by land-banking and other means to keep prices up. Many new developments are also of very poor quality and may not stand the test of time. Will the homes built today still be viable in 150 years like Victorian built are?
Land banking is a myth. Developers hold what they need to ensure continuity of supply during the long planning process which can take years. Any business maximises its profitability by turning over its assets as frequently as possible, not holding them (which carries a cost) in the hope that they may one day sell for a higher price.
A bit late April's fool 😂
Reading in the Times this week that 3 building consortiums are no longer investing in Scotland because of SNP/Green rent control laws, so no fantasy future north of the border for sure.
Mass Remigration will solve many ills... ...& before you ask, actual Temporary foreign workers that aren't dependent on the taxpayer & leave the country after a few years to be replaced by another cohort. In combination with welfare reform & reducing compulsory education age down to 14 & proper education & apprenticeship reform. Much better than continuing native minoritsation for the sake of mammon.
Amen
We should build millions more housing units regardless of what immigration policy we adopt 😎
@@HM-lp2pn Invite the world, house it. thats a lot more houses. don't invite the world, have a points based system and deterrents as well as building with regards to pop increase of gen pop (which would increase with better quality of living) . but i'm no expert, those are the sorts that role out jabby mcjabface for our health and benefit.
@@FindThisArtist France and Germany have also had a ton of immigration, but they've build enough houses to keep up with demand and, hey presto, their young people aren't stuck in family homes, houseshares and grotty studio apartments
@@HM-lp2pn France has fewer people, more land and a slightly lower GDP. Germany has more land, more people and a much higher GDP. Crime statistics show increases in all 3 countries after mass immigration(legal and illegal). Cost of living has risen (thanks to the millionaires' playground being funded and, gas being cut off, as well as the open borders). Inflation hasn't slowed with interest rate hikes , monetarily everyone is poorer and the standard of living is down. Housing markets are up everywhere because there's more demand than supply, Germany less than half the people own their house. Eastern Europe Poland, Hungary 2022 statistics show over 80% . Avrg. number of people per room at 1.8 for France, 1.7 for Germany, 1.1 for Poland and that's Euro stat. similar to ONS in the old 'lies, damned lies and statistics' . 'Hey presto' nothing.
We can but dream.
But you realise that we never actually buy houses and banks purchase them through credit so who really benefits? Why not encourage better rent controls for example not just propping up housebuilders.
the way to lower the cost of bread wouldn't be to fix the price of bread through law because you just create a black market for bread. the way to lower it would be to produce more bread so the supply of bread equals the demand of bread. people could afford it again since they're would no longer have to compete against each other to make sure they're not the ones without bread when it's all sold out
@@bordedup546 But why would you make enough bread for everyone if you know you can make less and charge more to those that can afford it?
@@bensalt1185 if existing companies are purposefully not making enough bread why wouldn't you start a bread company to make free money? the reason you can't do this with the housing market is because local councils control planning policy. there is no planning permission required to make and sell bread
@@bordedup546 Well because the wheat is already all bought up by a smaller number of companies meaning capital needed to getting into the bread making and likewise be able to profit from it is higher. I would need a business licence to have a place to make bread plus I would need to obtain the necessary food hygiene standard certification. So if likening this to building houses then council permission is still needed, in regards to planning permission what is stopping my house building company from obtaining planning in the first place then banking that land so that I can increase its value rather than just build houses? Now my original point was about rent controls not building...this allows renting to be affordable and regulated rather than taking out a lifetime loan with a bank to "buy" a house. There still needs to be more built yes, but planning permission isn't the issue...land banking and profiteering by private developers is.
@@bensalt1185 im sure you've seen local backeries in every town of decent size so you know that's not true. wheat as a commodity is very easy to transport and therefore can be bought on global markets, it is impossible for q few companies to own the entire supply of it. if companies actually started to artifically restrict the supply of bread, new backeries would open up in high streets, homemade independent retailers would popup online and through leaflets and word of mouth. and finally, wheat import companies would start flooding the market to supply these smaller independent bread producers. if given enough time, some of these smaller companies would become as big as the biggest bread producers because the established companies would take such a pr hit from trying to starve people out of bread for pure profit purposes. bread producers don't under supply to raise the price, at least not when supply chains are perfectly fine, because the bread market has very low barriers to entry. that plan simply wouldn't work. the same mechanism applies to construction materials. what do you think would make a property developer more money, naked land that they let appreciate over time but which is only attractive to other property developers or the same land with a building on top of it which adds a much bigger premium to the land than the cost of building said building because house buyers or companies that want commerical space aren't going to want to go to the hassle of buying empty land and building something themselves? bear in mind that in the second scenario the land underneath appreciates regardless, that's why the value of your house rises, not because the building materials of the house are so much more valuable now but because of the land that sits underneath it. the market has no problem with taking empty land and turning it into housing or commercial space to meet the demand of the uk, it's just that they find it so hard to get planning permission to do so. have you never heard of nimbyism? local residents viciously oppose any major planning developments and often local councils have to succumb to their demands. many local councils, including mine, get rid of their long term housing plans because they generate so much unpopularity for the council. in fact, the national government had to introduce planning inspectors during "levelling up" that listen to appeals by property developers because local councils usually reject their applications out of hand. nimbyism is a massive political force and our planning system, which does applications on a case by case basis rather than in bulk, gives them too much power to hold back construction. this is a well known fact. just look at your local newspapers website and search through it's planning and development section and even look at the comment section and you'll see this powerful political force in action
The IEA appears to be 100% in favour of totally unlimited mass immigration, seeing the problem solely in terms of not enough houses being built. No consideration whatsoever is given to the effects on national culture, identity and cohesion of letting countless millions of people into the country - currently running at the equivalent of a new city the size of Birmingham every two years. The IEA, it seems to me, doesn't care about Britain at all. Its sole interest is PROFIT. Tell me, does the IEA care about the future ethnicity, culture, or religion of the UK? The impression I get is that the IEA wouldn't care if the UK became an Islamic state, as long as it could make a profit out of it.
We could do it by regulating the numbers of immigrants back to the pre-1997 numbers, instead of importing the equivalent of two Leicesters every year!
The population density of the United Kingdom, especially south east England, is greater than Germany and vastly greater than that of France - comparisons that do not take account of the greater population density are worthless.
North Rhine-Westphalia has a higher population density than SE England and there's still plenty of space and nature. All it takes is a rudimentary scan of Google Maps to find dreary fields that could easily house tens of thousands in SE England. Take a look anywhere around Sutton-at-Hone, for example.
@@HM-lp2pn 🤡🤡🤡
that's why we should build up too. increasing density near transport links like train stations is vital
Breath of fresh air on KZhead
The NIMBY is the most selfish people.
Is this a joke?😊
Wait, britain solved something?
0:07
"decade long house building boom" - vile.
Why is that vile?
@@WhataDubHead Because it destroys what is beautiful - and replaces it with sprawl. And worse that sprawl. But it is happening anyway - as the current laws do NOT do what the person thinks they do.
Congratulations on finding peri-urban scrubland beautiful, but I don’t think many people share your view. Britain would have to build 4 million homes to reach German levels and 9 million to reach French levels as Kristian’s article shows. It’s a serious problem pal, sorry if it cuts your suburban house price by 10%.
@@HM-lp2pn Actually they do - but the destruction of British land is carrying on anyway. As the laws (contrary to the claims made) do not prevent the building of housing estates and other developments on farm land. Buildings are being flung up all over the place - but you can not build your way out of a crises caused by mass immigration and fiat (Credit Bubble) money.
@@HM-lp2pn Much of England, especially in the south east, has already been ruined. And more is being ruined every day. If you really can not see what is going on - I strongly advice you to get your eyes tested Sir.
Vile propaganda
nimbys gonna nimby
Nice fantasy.