Harringay, Haringey - So Good they Spelt it Twice!
RE PROPERTY PRICES IN HARINGEY
Did any one notice in the news the other day that they are saying that the average property prices in Haringey are 1/2 a million. I know we may be heading for a bubble - but what area does this equate to -Crouch End, Muswell Hill etc yes and likely low on the estimated side but what about Tottenham, Woodgreen? - I know it rising and the face of Tottenham is changing dramatically wit house prices clearly going up by 30% in some areas in the last year.
Replies to This Discussion
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Permalink Reply by Ian on
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Property prices are rising and that is a fact of the special area called London. The word LandLord is something of a legacy word and could be replaced with something more suitable to decribe small individuals with 1 or 2 investment properties. I am certainly no "Lord" of lands and just trying to get on in life and provided some benefit for myself and family in later life. All this Landlord bashing, this is capitalism, I believe there could be a better system but I guess most of you support capitalism and the right for progression given that pensions and the welfare state may not be there for us in our time of need in the future.
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Permalink Reply by matthew cuthbert on
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We paid £85/ week in 1994 for a two bed in the Gardens N4, we sub let a room (through Capital Flat Share,) to afford it, we have had 9 flat mates in this time, the going rate to cover mortgage commitments is around £1100 / month, fine for two working professionals, difficult for a young family with one wage.
A fair rent today would be fair.
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Permalink Reply by JJ B on
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It is one thing to own property and care for it, ensuring that it provides good quality homes fro ordinary people. It is another thing to gobble purchase up family homes and illegally convert them into HMOs, concrete over front and back gardens, add illegal extensions and turn previously mixed, balanced, neighbourhoods into social sink areas.
The less well of need quality homes too. Housing is not the normal tradable commodity but a basic necessity and no government has really addressed the issue. Tony Travers has given in to it if you judge by his statements at the V&A Tottenham Takeover talk.
Both ConDem and NeoLibour governments have pandered to the rich international buyers in an effort to make the housing market drive the feel good factor. Builder-investors are demanding 15 to 20 % return on investment when deposit accounts gave you less than 3%. Social housing is not viable. Where is the logic? They attempt to mask the structural inadequacies of the economy by creating this new bubble because it suits the SHORT TERM goals but is doing tremendous long term damage.
The international financial sector drives the country so we prostitute ourselves to it and we continue to build up more debt AGAIN but at low interest rates! Move from 2.99% APR to 5.98% (which is still historically low!) and you double your mortgage payments. Can income levels support that!
A huge mountain, higher and higher, so we can fall harder the next time round!
The revolution will come!
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Shame this money doesn't go to our local schools,
the latest attempt for a school has been rejected
at St Ann's, the government and council need to
get it right on infrastructure, before all development
opportunities go.
Twenty years ago we were lucky, as students growing
up here, starting a family, let's meet up and see where
our privilege can help.
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don't blame individuals for seizing legal opportunities created by the market in order to develop their family income. Even if you own 5 properties or even 10 properties it is relatively low level compared to the overall housing stock and organisations with real power that own and manage thousands of properties such as local authorities. You are trying to fix a problem from the bottom up that is a direct result of the system we live in. If you are condemning low level landlords then you need to attack capitalism, large corporations that have profit and share holder value as the ultimate prize and not truth and doing the right thing. I would prefer a different system to what we have but the system is what it is and you have to survive and compete from the day you go to school. Authorities change planning law when it suits them to help big business but never for the benefit of the small individual. Rent is going up, some people will benefit some won't and maybe even my kids won't be able to afford to buy when they grow up. That is the society that has resulted through capitalism and is not the fault of landlords competing with first time buyers. Work to change the system and not bash individuals that play the game according to the rules to survive.
"come the revolution" I think there is very little real fight in most people these days and little appetite for real change apart from voting for our own self interest.
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The revolution wil come because people will be so pressured by it that they'll have no other means of changing it than by revolting and nothing to lose by not revolting.
Landlords, be they large or small, who resort to underhand techniques and exploit the misery of others, should not be excused whatever the system.
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a new saying "politics of envy" could be a reason.
people living in HMO's are not family people and cannot afford to buy or rent a family home. Where should they live? not on my door step? send them to hastings?
I don't own HMO's but they serve a purpose and I certainly would not oppose HMO's because of my own self interest. When I came to London back in 1992 I lived in one of those shared house now commonly called HMO, without which I would not have had a start. I thank that landlord for his affordable accommodation. There are bad landlords like any other form of business in society as well as more good ones that bad. Maybe local authorities need to provide HMO's if they don't already do so and provide them at an affordable price that will drive private HMO landlords out of business. Maybe we put all local authority HMO's in a specific area to cleanse other decent people from the plague of HMO tenants.
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There is nothing wrong with people getting together and renting a house together. There is when a whole street of family houses is sub-divided illegally into rabbit hutches with poorly laid out facilities which end being lived in by particularly socially fragile people. That creates ghettos. In our area we have a continued stream of mattresses, old clothes, used renovation material, etc. being strewn out in front houses every time the tenants change! Whole families living in one bedroom. Some living in garden sheds. I have someone complaining that the H.A. isn't doing anything about a room full of mould on a whole wall. Should we leave this in place and say the market will solve these issues?
It will when the price of the real estate goes up to such an extent that landlords (including HAs and councils, will make more by evicting the tenants and either selling on with huge capital gains, or charging a much higher rent by bringing in a richer class of tenant. Where do the less well off tenants go then?
We need a balance in the communities we set up. Rents that are affordable, in living conditions that meet minimum decency criteria. A good mixture of tenures, with flats, houses of different sizes that include and small inexpensive units and real affordable housing. Integrated communities and not clone gentrification.
People owning property as investments, fine. But housing shouldn't be seen as a way of makinig 20% ROI. And they owners of investment assets should pay a fair share of taxes so we can provide proper community services that we all use. Trash landlords no. A roof over one's head is a basic human need. It ain't the same as owning a flat screen TV!
In other words the market cannot do it alone and the laissez faire of governments over the years is getting us into problems. The cynical policies of the present government is short term electioneering and the vacuous pip-squeeking policies of Labour aren't any better. Alas, our 'leaders' have no courage and I am not holding my breath.
N.B. I too will benefit from the outrageous increase in price (x 2 in 5 years) of my own house!
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As the gradian says
http://www.theguardian.com/theobserver/she-said/2014/apr/06/priced-...
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I am hearing socialism, managing housing the Cuban way, where if you buy a property from the government you cannot sell it on and make a huge profit. I don't want to be the richest man in the grave yard but I may live till 100 and equally don't want to be living in poverty. Housing is not a sacred cow, it can be owned and used like any other commodity. Most of what you are saying I agree with in terms of balance but the society of capitalism plays to excess and only ethical government policies can shape behaviour otherwise companies will continue to produce cars that only have a short life span, using up precious world resources etc. People behave to the environment around them and capitalism/ consumerism is the big game in town and you either swim with the tide or drown swimming against it as a small fish. If you want to address the big issues affecting society you have to address and look at everything and not just housing and house ownership. Big big issues and not just an issue for national politics but global. I think you just have to sit back and let capitalism run it's course and maybe real change may appear if rock bottom is reached and there becomes a forced U-turn and re-think. Until then we have to play the game and trade our precious limited time for money, hopefully rentals may allow me to trade less of my time for money working for someone else. As I say, don't put this issue onto individuals, look for the root cause and fix top down but fix other areas as well.
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