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Originally Posted by chav1
Unfortunatly, the housing problem has been with us for years & at a local level, neither Labour or Conservative administrations have shown any imagination or possible solution to that problem. What appears to be hapening now is a tawdry repeat of the big city slum clearances of the 1950's & 60's.
Yet the property price rise in Hynburn was the 2nd largest in England, according to the Halifax a few months ago. Accepted,it started from a very low base level, but now that the average property price is £100,000 or thereabouts that is a simple reflection on supply and demand,on peoples incomes and their expectations on the long-term value of their property. So it can't be all that bad.
I really would not spend much time contrasting ourselves to the Franco/German Economic model. With the former currently going up in flames & the latter with 9% unemployment and both with a per capita GDP lower than the UK, there ain't much there to shout about.
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Just a couple of responces:
I don't think we have really done well on Housing for a long time. I agree. We have been short sighted and unimaginative. Baxenden, statisically the wealthiest ward and newest build area, now in parts looks tired and aged after just 25 years. I saw them built and they were built quick and cheap back then.
We did build spacious council housing which has avoided slums being replaced with slums. Where we didn't build spacious Social Housing, and it was built cheaply and to a higher density, it now has much less appeal and accordingly suffers more in my view. Its an interesting comparison on social build.
If you build poorer housing you attract poorer people and paint a picture of which includes all the problems of poor urban areas of your area.
The property price rise isn't based on housing supply and demand. Hyndburn has an over supply of about 2000 [out of 33000] so prices shopuld go down, not up.
Recent houseing boom is due to surplus capital being parked away from the fragile stock market post 9/11 which turned in to a speculators stampede by 2004. Every estate agent has recent stories of unknown people from Surrey saying 'Buy me £2million worth of Housing in Hyndburn, any houses will do'. Like art, house prices have nothing to do with supply or true value. Simply perceived value.
On employment I only meant the Benelux in terms of it costs more to produce goods further from the market centre and that extra transport and knowledge cost traditionally has to offset by lower costs elsewhere, ie wages. I wasn't comparing economic models more the long term decades old trend. ie Englands south east is now overdeveloped and over heating because of the advantages of being nearly continental trade. Of course relocation to the North is taking place.