UK HOUSING MARKET

You've already answered it in the first sentence, supply<demand

Investigate why, most of it will be political reasons

>>1987682
manchester seems to be very cheap

>>1987682
>what are your thoughts about this situation also any other ideas about the housing crisis

If you can't afford it then either get a better job or don't buy a fucking £300k house on a £20k salary in the first place. Jesus, how the fuck is this so hard to understand...

Foreign investors making the prices inflate and MP's won't do anything about it because they all have 2nd homes in London worth a £mil+

>>1987682
Asset inflation my dude. Google that shit.
Also the rise two income households. Obviously the fundamental cause is more money chasing a fixed supply.

>>1987682
Zoning regulations and NIMBYs, at least that's been the source of major historical issues in minor US cities.

Density, transportation infrastructure, and foreign investment (market manipulation for the cynical) are all other major factors, but the whole system is very complicated and the degree to which any one factor is dominantly responsible is likely to be region specific.

>>1987767
Wages haven't kept pace for the last 30 years or so. You used to be able to afford a house and support a family on a single income. Now you need 2 full time incomes and STILL struggle to get by. Since house prices are appreciating 4-5% annually on top of inflation in general and wages are nowhere near rising 5% a year, houses become more and more unaffordable every year. As a single person, let's take an average salary of £30k (many are on less than this) and take x4.5 this value (what mortgages typically are) then you get £135,000. Good luck buying a decent house for that. Take my salary of £18k and you're looking at £81,000. I am absolutely fucked mate.

>>1987832
>£81,000

You can buy property for this price in some places. You can buy a house in Stoke for less than £40k and many small houses and studio flats for under £100K.

I bought a small shitty flat in my town for £60k and it really is shit, but now I can save almost £1k a month because I no longer need to pay any rent. Just council tax, energy and general living costs. In a few years I should be able to afford a better place with all the money I'm able to save.

tl;dr, Just buy anything you can afford to avoid paying rent.

>>1987682
Planning policy. tough to get permission to build houses on green land even though everywhere was once green land
and keeping the prices high is a vote winner for the 40+ ages, those without property arent as strong for vote winning until it leads to revolt