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My parents bought our house for less than 20k and it is now worth around 200k in 40 years. I know wages have increased since then but this is ridiculous.

If the UK is in such a mess and the EU doing so well why are over 5million EU citizens still in UK, answer that

Action / Reaction. Scargill and his commie buddies finished the coal industry, not Thatcher.

2008 was a huge crisis. It hurt so much that many needed to blame someone. EU had its own problems (due to the Euro and other structural problems). It did not let those slow its own very big ambitions which lead to distrust. Brexit was an emotive debate with little place for rational reflection or assessment. OBR say Brexit cost UK 4% of GDP with ongoing impact on growth.

Very interesting especially long term trends.NIMBYISM will not come to an end it is hard wired into human nature and is sort of a place attachment philosphy.

I have been saying this to my friends and family for months now. I have two other factors to put into this equation. 1. Baby boomers. They as a population group, have in general generated thier wealth from the rise in housing market and they live in 3-4 bedroom houses for only 2 people in thier retirement because of the status a home gives you. They were all born together and will all die together ( there will then be an influx of homes back into the market) 2. Changing attitudes of our young. Home ownership became a cult in the 1980's, we are one of the only populations who believe home ownership is necessary. Also, when I first purchased a property, my mortgage repayments were significantly lower than renting. This for the first time, is no longer true. It is about the same or less to rent, without needing huge deposits or needing to maintain the property. This is driving the attitudes of the young, questioning why they need to be tied down to one set of bricks and mortar....

Why regrets? Finally, you got control! You no longer have romanian drivers, polish plumbers or bulgarian nurses! Now you have our replacements, the ones from Middle East! Cheers from Romania!

Same way the only US is losing democracy and rule of law. Failure of judgement on the part or their citizens.

The Water companies have polluted rivers so they can raise the price of Water rates. It was deliberate. As for the UK it is finished. Move to the USA if you can.

Perhaps it's got something to do with the clowns who have ransacked our country. General election time.

How about stopping new builds being sold to billionaires around the world.

It's funny it started with immigration imports in the 1950s, and immigration has increased dramatically. The dramatic rise after Blair opened the flood gates to eastern Europeans. UK corporate investors can see a steady inflow of tenants via mass immigration.

About time this happened. I would like to see house prices collapse by 70% and stay there for a couple of decades. House prices collaose then rents will collapse. But the traitor politicians will double down on mass immigration to create demand.

Finally someone who understands the mechanics of the UK housing market (too much of that young trader doing the rounds atm). I hadn't considered the average household size before. In the future there will also be less properties passed down generations, given lower birth rates. If the QE experiment is over for the fed (i suspect it is) That means it is also for the BOE and ECB. Don't count on rates below 2% again in our lifetimes folks!

The arrogance of the Brexiteers and their stupidity astonishes me time and time again.

Brexit was about continued tax theft, money laundry and corruption

Europe is finished. It is past. And nobody cares

The uk property market has been kept high due to massive net migration with the ONS predicting another 10 million on UK’s population in 15 years time. These are the official population statistics. Looking at sewage utilities volumes of sewage treated, most cities and towns easily have 10% more head counts. Just compare and contrast aerial photos of cities from the 1970’s to today and you’ll find most back gardens now have been built over, many without planning and building control permissions and likely let to illegal migrants. Only a crash of all assets will lead to property prices dropping.

I really don't believe there will be an end to the boom. With rising wealth inequality the average person won't be able to afford a house, but the rich will. They will keep buying the assets and rent them back to those which can't buy their own. Think Victorian standards, rather the post war!

Saying that the solution would be to increase government spending is ridiculous. The real solution is to reduce taxes, make the government more efficient and lean. That would incentivize productivity both for business and for individuals. That is the secret sauce of the US. It is comic that economics wants Europe to spend like the US (large debt) but don't want Europe to tax like the US neither produce like the US.

Don't forget the libor scandal

Savilles predict a 2.5% rise this year 🤷🏻‍♂️

Britain wanted to leave EU but keep all its benefits 😂😂😂 And now that's still EU fault 😂😂😂

will only be over when the operation time of the fiat money printing machine is in line with creation of wealth and populatuon growth

Simple response. All Parlimentarians regardless of party taking donations to get elected. Parlimentarians with no vision, Militant socialist that were to stupid to understand the rules of change. Perverted idealists and liberal academics that focused on individulism instead of the collective good. A media more concerned with spreading fear and hate to garner more audience. All this, instead of creating a progressive economy created instead a incestuous economy ponsing of the disposable income of the public, ie sevices. Now answer this question what follows growth? The only way to negate the answer, is wisdom which the British people do not possess, neither do the elected members of Parliament.

Too many HMO's and not enough new housing being built. I have no intention in ever considering buying a property. Remember folks, youll own nothing and be happy. Lets seehow that nonsense plays out!

Because our MPs are weak poor at their jobs which is to look after the people not woks not muslims but the people of britain which the havent done. They should all be sacked and thrown out of UK should we get the chance MPS you had better run as fast as you can and as far away as possible because we will make you pay.

Privatization of Public Services to profit shareholders is wicked and evil. Private companies rake in private profits while citizens get shitty service. Privatization of Public Services need to be made illegal.

Meanwhile certain demographics get a free £500,000 house as a leg up

I hope the curry was delicious. Thanks again for all you do.

dont forget that changes, under labour, to the state pension caused a drive for pensioners to become landlords as a means of securing their retirement which consequently gobble up supply of houses and forced younger generations to become renters

Thatcher should have ensured for every council house which was sold off, another 1.25 were built in its place.

As with everything... The cure for high prices is high prices. The cure for low prices is low prices.

Go talk with Trump, you are both amazing....

Well, you will keep voting right wing.

Can you expand on what you mean at 2:00 where you say we’ve reached a limit in what we can build? Fundamental not true and a more result of a failing planning system and short term policy making against building to buy nimby votes

Why is it like so many other economist's you only focus on goods exports to the EU. What about the rest of the world? Are you aware we are 4th largest exporter of goods worldwide? It seems not, or are you a disgruntled remainer? Food for thought.

she sold us down the road bro.....

The Tories can't fix the housing market anymore to keep prices increasing. All part of their mass immigratiin plan increase demand. Governments think if house prices rise, they will get re-elected.

It is really really hard to undo Thatcher's damage to the UK. Even that average income graph shows everything tbh. If we need to blame someone, that would be Thatcher! However, people elected her and kept her in power for more than 10 years. So at the end people lives what they deserve! Common people with little idea about anything...

It's about how house prices compare to other asset prices as time goes on that will dictate the percentage of house ownership- and house price/cpi can show just how poor of a measure cpi really is, and how easily manipulatable

Tax and NI have to increase if people want better services. Lowering taxes and reducing NI is not the answer. Otherwise more and more people will have to resort to the private sector to pay for health care, dentistry etc. All very well if you have the money but what happens to those who don't have the resources?

Thatcher saved the UK economy. Without her it was a slow demise with industries going bankrupt in thr global market and nothing to replace them. It's not easy to replace jobs in smokestack industrial areas.

The tax code somehow incentives this shite.

Yes it can! The two parties are too stale, the country is in need of reform! And REFORM UK seems our only hope either that or a revolution.

Whilst the government keeps allowing nearly a million migrants in to the UK every year then house prices will continue to rise, supply and demand. 🇬🇧

Please sort your shirt out. You look like you’ve just fallen out of bed. Nice video though.

More renewable energy wouldn't of limited the impact of gas prices on the UK energy market and if anything may exasperate it. The reason being the lack of effective energy storage to store energy when the wind is blowing and provide energy when it is not. Without wind we rely on a fleet of gas power stations to make up the difference. The more reliance you have on wind, the more CCGT's you need to replace that lost generation in the absence of energy storage.

Its interesting to see what happens when you; Bring in many, many, people that wouldn't normally be here. Force families into having both people working giving them much more to spend on a family home. Have really really poor planning laws that don't allow fast development A population that feels entitled to everything and anything without making sacrifices and working for something A population that doesn't realise its competing with everyone else for resource A boom in marketing strategies convincing people to negatively impact their cashflows by financing things they don't really need. It's a sorry state but hey, I've got multiple houses so may it continue.

Horrible parents you have there.