Millionaires are pricing us out, cry locals forced to live in SHEDS in UK holiday home capital
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- čas přidán 25. 05. 2024
- RESIDENTS in the UK’s second home capital say they are being forced to live in caravans and sheds as overpriced houses are instantly snapped up by wealthy Londoners.
Families in the Cornish village of St Minver - a couple of mines inland from the Camel Estuary and Polzeath where celebs including Gordon Ramsay, Rick Stein and David Cameron own holiday homes - say their community has turned into a ghost town driven partly by the surge in wealthy visitors staycationing during Covid.
Surveys of the village and surrounding seaside town found almost three quarters of houses were second homes in 2021 but locals believe the rate is now far higher.
The noticeboard inside the village post office - which was itself saved by community fundraising after its previous home was sold - tells its own story with adverts seeking classic car storage, property management companies and changeover day cleaners.
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Second home buyers are destroying communities, then when they use their property they wonder why the picturesque village has no shops and pubs. Businesses cannot survive on 2nd home owners using their properties for only a few weeks a year
A lot of second homes will contribute more to the community, including spending and increased Council tax, but will not use the services such as GPs, Libraries, Hospitals, schools, etc thus subsidising these for the locals.
Pop up pubs and pop up lifestyle would be suited to this quaint places in Cornwall 😂 just shut them down for the winter like they do in France and Spain the second home owners won't enjoy the area then because the sense of community doesn't exist anymore and will just feel like Butlins 😂
Council tax payments do not offset the absence of people. Schools close without children, pubs and restaurants close without punters and doctors move away when there are no patients.
@@Galloway8786 We are constantly told Schools are over crowded and GPs overworked, so less demand should help both.
@@Storm.Z.4u This may be true in cities, but it isn't true in many rural areas. In Dumfries & Galloway we have lost the school in Dundrennan, Borgue Primary will go next year and Dalry School was only saved from being mothballed at the last minute. Other schools are combining classes and letting go of teachers. The region is turning into a holiday park devoid of locals.
This is happening in every western country
its a consequence of uncontrolled immigration. resulting in expensive housing due to supply and demand
This is happening on purpose.
3:37 @@poppy1779
68% of over millionaire earners in Britain are Indian now . . . .!!!
@@stamfordmeetup: what do immigrants have to do with rich people pricing out the locals?
Surely this is the fault of the locals, they've sold their homes to outsiders for high prices.
No, what happens is the houses get bought for cheap, get flipped, get resold to other outsiders. it's a gradual process wherevy homes are systematically taken over.
@@BenStimpsonAuthor Do you mean get purchased cheaply? You can't buy something 'for cheap'
I live in a smaller town in Sweden. We have some of the highest housing / apartment prices in the country. In our case this has been driven by greedy real estate agents, I'd say. The prices were much lower before they got going.
What a terrible situation this country is in. So badly led. In principle buying a second home isn’t a problem, but not at the destruction of the local community.
They are treating your only homeland as a mere economic zone, instead of the one and only guarantor of the sovereignty and political self-determination of English people.
In a cost of living crisis, where so many people are homeless and others cant afford to buy ONE property, it is immoral to own more than one property. it IS a problem
@@user-my8bb6nc1x Bringing about conditions which result in the native population becoming a minority in their only homeland, that's what's immoral.
Survival is the ultimate moral issue.
No, this is a second home owning problem. Not an immigration issue. The shoehorning of anti immigration feeling into this topic is troubling. Not every problem in life is due to immigration.
@@reesemorgan2259 In 2024 England, every public discussion should be about the guaranteed loss of sovereignty and political self-determination, which is an incomparably bigger problem and that one is due to immigration.
Went camping last year in Devon. In the local village, a lovely place we could not understand why it was so 'dead'. Even the local pub closed at 7pm ! Well, we realised the answer, Second homes. A large percentage of the village were holiday homes owned by people who lived miles away in some big city.
Effing rich people. It's so selfish and immoral to own multiple properties you dont occupy.
London, you mean?
Same where I lived in Yorkshire, but you just can't blame the incomers, some of the locals make a fortune selling property, especially if they inherited it.
When you say fortune in Yorkshire do you mean £1500
@@Storm.Z.4u anything over five quid and we start sweating 😅 cheeky fkr 🤣
That's right the boy needs to grow up he's gonna be rich
Chicken and egg…did the high price asked for the property come first, or the person with a limitless budget offering to spend above the odds to secure a property, thus pricing out the locals whose budget WAS limited..?
Housing stock was greatly reduced when Maggie Thatcher said council homes could be owned. A good idea in principle, but councils didn't bother to build new homes.
Now it's housing associations but no extra stock which locals or youngsters could have afforded.
A similar thing is happening in regional/coastal Australia. Sydney/Melbourne people realising "Oh, this is lovely", then they move in - in droves, often buying multiple properties, one to live in, one as airbnb - price locals out, kill the community in the process and it's not so lovely any more. So many shops in town are now vacant, because people who ran those shops and especially worked there, can't afford the housing on their wages in their town any more, so they leave.
Covid messed everything up, housing used to be affordable here, the rent/house prices have literally doubled in some cases in the last 5 years.
I bought a house 8 years ago - nowadays, the same money would buy me a one..maybe..two bedroom flat and definitely not in this area. Normal, working people are living in tents, cars, they just can't find/afford housing.
I have literally never seen people living in tents in my town prior 2021.
So the difference is, while here it's generally not the second homes, it's the incredible amount or airbnbs bought by city people who have moved in, pricing out the locals, killing the community. So the results are pretty much the same.
tough. Move, or get a better paying job.
@@ThePolaroid669you have a clear lack of empathy here .That usually indicates a certain disorder .
@@ThePolaroid669There are no better paying jobs to be had. Wages, like Centrelink benefits have been low. Until the present government, Centrelink benefits were fixed at amounts that were set approximately 30 years ago. That's positively criminal. Wages haven't risen enough to cover massive prices hikes in electricity, gas and even water bills as these are based on land valuations and with an overheated land and housing market, the prices of water and council rate bills get hiked up massively from year to year. The cost of food has gone up with greedy multinational companies making an annual billion dollar profit and ordinary working couples find themselves deferring electricity, water and insurance bills just to pay council rates. And meet increases mortgage repayments or rental increases. It's just an uncontrolled, massive money gouging of ordinary people who are struggling to survive on very little.
@@ThePolaroid669 I bet your a boomer.
EVERY millionaire that buys a house is sold it by a greedy local, you can't have it both ways.
If you don't want "outsiders" don't take their money.
Exactly
The new feudalism. Those young people are not going to have kids either if they can't live in a real home. I bet the council prefers rich people buying up all the housing so they don't have to pay benefits to unemployed locals. It means low asset people are purged from the area. Its basically the same as ethnic cleansing, like in Ukraine and Gaza or the UK's big cities with white flight.
The people saying outsiders are taking over are not the same people selling though, if you sold and moved away, do you care.. it's the people left in the place that didn't sell that care. So not sure how they are having it both ways?
It's very difficult to not be part of the problem.
I bought my house new in the last housing crash - 16% mortgage rates courtesy of the ERM meant the market was destroyed. We all bought at twenty but now these supposed starter-homes are all £300k+ and now at fifty, I'm the youngest here. I want to sell up and move down-country but how can I without asking pretty much the going price and therefore contributing.
We didn't have much hope back then, it was all no furniture or second-hand scrounges. But the youngies now have zero chance and the only children here are in the few rented houses where it's paid on UC (not having a dog at them, tis just how it is. Nobody else can afford the ludicrous rents!) It's a horrible situation and I feel so sorry for them.
@@DavidBennell equally the seller is as responsible as the buyer, no? So ban all house sales to anyone non Cornish? There is a clause for locals in other counties. If everyone agreed to that then no problem
So while the 2nd home owners get the heat, but what about the locals who got so greedy selling to outsiders.
there needs to be a restriction on holiday homes. An area having three quarters of its housing stock as holiday homes is ridiculous.
Tho visitors will likely spend more than the locals
@@Storm.Z.4uWouldn't make a difference if they're only there a month at a time and there's no locals to maintain the village because they couldn't afford to stay
When I left the UK, shortly after graduation, rents and house prices were taking off. Twenty years ago. People were ecstatic over house price inflation back then. It just scared me, however, since I was single, with no bank of mum and dad (no mum or dad, actually!) and attempting to find a “career”. When what I really wanted was a family above all. Now, the UK has changed. And the well known location, location, location tv show is no longer tenable, but it was for many years… that rabid obsession with house price inflation lasted! Today, here is the outcome. Over-priced real estate (homes), crazy politics concerning gender and such like, zero democratic representation, pro-Hamas marches and mass illegal and legal immigration. Where and when did the Brits lose their minds, values?
When Tony and Sher Blair betrayed UK to champaign Marxists of the IRA/Sinn Fein. We joined EU full on and regretted it ever since. Brexit gives us a chance to get rid of moneygrubbing holiday lets in Europe and UK. Starting with neighbourhood wrecking Airbnbs and get our real neighbours back again instead of wave after wave of idiots drunkenly shouting " The right to paaaaaartyyy. County lines love Airbnbs, sexual predaters do too, Hannibal Lectur types may move in on a temporary basis next door to you. Only Labour have hinted at banning them in a wry twist of irony.
I have lived in Cornwall all my life and the second home owners have ruined the county. I work in a tourist area and see them arrive, shortly after that the delivery from Waitrose or Sainsbury's arrives.
I think their contribution to the Cornish economy is much less than is imagined. Infact, I think they do too much damage than they are worth.
So they are supporting local shops, and not using the services such as schools, GPs etc which they pay for (often twice) so you can't have it both ways
How about the Cornish that do well out of the sale?
@@369dabbler Oh they like to ignore that fact
100%...correct greedy ,unfriendly townies have destroyed the soul of Kernow...
Who has sold the properties to the 'second home owners'?
Normal families fight against usurious investors and developers. Banks and firms are only worsening the acquisition of wealth, and this is only contributing to the deindustrialization of the UK.
2nd homeowners should pay at least 3 times the normal council tax. Or be like some places in the lake district not allowed to buy homes unless their family have been in the area for 20 years
So if the 2nd home owners have chased out all the local businesses, what is the attraction now for vacationers? Who wants to vacation in a dead village?
Let's not forget that property owners in the West Country don't HAVE TO sell to outsiders for their holidays. They make a choice to take the big money over the needs of their own community.
They don't have to listen to you either.
That’s true but I can imagine there may be factors for some folk who have no choice financially to sell up. They look like nice but old houses, may need a fair bit of maintenance that they can’t afford so then they sell them. Just a thought outside of the box but I don’t think it’ll all be greed
@@Saudade720not an argument
@@alexhorky6454few people in their right mind are taking a lower offer for something they are selling.
@@SomeKidFromBritain Sounded like fighting talk to me, telling others what to do with their money.
Villages where locals are being priced out could have a Jersey type property market. Where a proportion of housing stock is reserved at a lower price for people who grew up in that area. Alternatively, put a tax on those buying from outside and use it to fund rented housing for those in need locally.
They do nothing for the local economy. I also object to them only paying rates for part of the year. I am sure if thier 2nd home caught fire they would expect the fire service to put it out. That's just part of my feelings. It has always been hard to find a place to live especially one that's not to far from your work. M
They already tax those purchasing a second home.
Millionaire's buy cheap homes then rent them out 5× times the cost they brought them for, there should be a housing rule witch stop's private landlords choosing ridiculous amount for rent.
Most private landlords are foreigner from aboard, the UK needs to copy Denmark where you have had residence / live in Denmark for at least 5 years, you must have permission from the Department of Civil Affairs to acquire real property in Denmark.
Exactly....many many houses in Leeds big semi detached family homes bought up and filled with students big lovely housing estates , its a bloody scandel and most of the landlords are foreign....love to no where they get there money from to do it....
simply ban 2nd home ownership. Allowing the speculators in the market has been a disaster with BTL etc
House prices Denmark treble in 20 years
Same here in the Cayman Islands in the Caribbean. Americans and rich lawyers/bankers are buying a lot of properties here. It's gone up dramatically. Luckily we bought before that happened
In a lot of other countries UK people ie non native people are not allowed to buy property, full stop; only rent. Or they have strict immigration rules like Singapore has a 60% tax at purchase for foreigners and 65% for an entity or trust. This needs to be replicated in the UK
What really upsets me that x Council Houses used as Holiday Let’s for investors. It’s just pure greed and I honestly feel so sad for the up and coming generation.
Just so very sad 😥
Surely people can do what they like with their houses
Yes I agree to a point. I have no problem in people owning a investment property . But there is a lot of overseas investors who do not live in the country.They can own lots of properties that are empty most of the year. Thats what we have here in Australia. We have families living in cars and can’t get homes to rent. It’s all got out of hand and I find it so sad 😞.
Youth who were robbed of living in 27 other countries? yeah, i feel sorry for them as well.
@@leslieelizabeth219 But you've got so much land in Australia- why not build more houses?
@@Storm.Z.4u "people can do what they like with their houses"
The point here is that these were council houses built for local people to live in at an affordable cost.
They were not built by the council to end up as lucrative investments for speculation by people that live elsewhere.
The sell off of council houses without replacement has been an utterly disgraceful intergenerational crime.
I live in Cornwall and it has become one of the divided places in the UK.tragic beyond words and anyone who is vulnerable,Cornwall is particularly unsafe to be living in
One of the biggest problems faced by locals in any area which attracts a lot of outsiders wanting to stay there is the old style rental market as now been turned into a air bnb fest which has almost taken over the letting market , a lot of local landlords are to blame for jumping on this quick money making scheme and therefore hundreds of local families have nowhere to live...!!!
Too many people made rich through public sector bureaucracies and diversity quotas which are destroying the country and illegitinately transferring money from the productive to the unproductive classes. But why are so many selling? Those who sell have got to live somewhere (unless they are elderly and childless) and most places are far less desirable and if pleasant would be quite expensive themselves..... Yes these second hone owners if they only visit occasionally should instead rent a holiday cottage or go to an excellent hotel but then people are investing in property because of rampant inflation I suppose. Regardless of the reason they should all be required to at least pay full Council tax
Truly decent, affordable housing is extremely important for a functioning society. Having a home is a necessity of life and turning it into the singular financial investment is problematic. If this sort of practice is allowed to continue many if not all small communities will die off.
Also happening in the Yorkshire dales. If you can afford a second home then quadrupole their council tax.
I would suggest a luxury tax on any couple that has an Apartment bigger than 120 square Meters - counted by Meters and rising exponentially.
I agree make it uncomfortable
For several decades many of us have said that people shouldn't be allowed to have holiday homes. Why should selfish, greedy people be allowed to have more than one home, and price others out of having any at all?
This is the same logic as the spare bedroom tax.
💯
Communist
For the last 30 years I have been living and working in Stockholm, Sweden. You want me to be forced to sell my house in Denmark, the house I rent out?
Channel is deleting comments. Pathetic.
Thought the government was putting a stop or high council tax to stop this holiday home tripe. It’s greedy, selfish to those that have grown up or just wish to have a home 365 days of the year.
Ban all foreign investors from purchasing properties in the UK, ban all 2nd home owners for ten yers.
Ting tong idea
The UK is an investment not a country were just a investment like gold or a stock 👍 everyone wants a piece of this island so now it's turned into an investment not a country
@@c3pno "People are not a commodity, without love they become so" Jesus Christ.
Ban your mouth for talking so much bs..
If council homes were still being built to scale (not sold) then house prices would tumble. Rent-to-buy would be impossible.
Many small communities are under threat from second home owners, North Cornwall is the worst area for the wealthy second home owners but there are many more small villages becoming ghost towns for many months of the year.
Sick of rich people
Build enough council homes for 75% of the population (as it was pre-Thatcher). House prices (and rents) would plummet but it would end the struggle for most.
British homes for the British only.
The situation in university towns is also dire. I live on a small estate of 1930s properties. All families and nice community when we mived here 30 years ago. Now 80% student houses. Cash cows for the investors who charge £200 per room per week. No families want to move here now, and the same all over the town (Guildford). Students dont pay council tax, houses standing empty for much of the time, many students come from abroad so the Uni has maximum profit. I could go on .....
This Sector is now an important part of the Economy, don't you know?
Students = anti social behaviour
Same in Stratford upon Avon.. house prices are absolutely ridiculous….there is one in my road for £1,100,000 and I live in an housing association property….no local houses for youngsters growing up in the villages….
Well my friend u should try buying ur home off the housing and put money into it sell it on for profit
I feel sorry for who ever buys a 1m house on a council estate
@@Darren-pq5oc
It’s not on a council estate it’s in a small beautiful village …😁
They should build more homes for youngsters. Around where I live it is full of NIMBY's who put a stop to that. So there is a shortage of housing, pushing up prices.
Bearley is affordable. Stop moanijgbif your fortunate to have an affordable home I'm stratford. Its people like you keeping the area down!!
'Three quarters of houses are second homes', thats insane, those poor local people.
It was the locals that sold the properties
Who sold the houses to the outsiders in the first place?
The locals!
@@susanb.1113 the families / friends of those now complaining?
Nothing new I am afraid, I struggled when I was young I bought a derilict cottage and moved in, literally camping in my own house, it was bloody freezing, worked on it after work and every weekend, have done that ever since my present house is no 6 never looked back,
Rise up ,knock on your councillors door and tell him/her to sort it out stop them just bending over to money . My village is like the Congo your village take it back 🧐
"my village is like the Congo" lol
The original homeowners didn't seem to have a problem selling their house to an outsider in the first place, for a handsome price of course.
Any polotical party that promise to abolish Airbnbs and subletting of any kind gets my vote at the next UK general election.
Vote Reform
This has happened in Inner London since at least the 90's.
Also, mass immigration boosts house prices. Who has big property portfolios? Politicians! Both in the Commons and the Lords.
It's all engineered!
Yes. Wanna know how they are doing it, by their own words? Watch a documentary called "The Lobby (UK)". There's also US version.
So spot on
There’s many villages in Cornwall like this
Ironically they are buying into the village culture, ironically, they have displaced this culture. Now part time residents will have to develop their own part time culture, which won’t be anywhere near as interesting as the traditional culture they displaced. Fractured families, the only sustained outcome, crazy.
Why dont these lousy governments set up residential caravan parks ,with strict rentals that dont exceed their means, they have them in the states why not here
Should be illegal to own two houses, thatll reduce the problem
But not everyone can afford to purchase so landlords purchase rentals to help them
You can't do anything about investment companies buying up heaps at a time, and many get turned into air BnB. They have bought up much of London and also much of London's leasehold (meaning home owners paying ground rent to them for their own bought homes, or being evicted). Banks will not lend to people wanting mortgages, and if they get one, the rate's 8%.
Idiotic idea
@@Storm.Z.4u haha, that's funny 😆
@@Storm.Z.4u No one can afford to buy housing because there's less competition on the markets, that then puts the prices up. The country's inflation is also affecting interest rates and what's worse is that wages simply aren't keeping up.
Also i'm not sure what world you live in where you think landlords buy housing to help people, they do it to profit and can even take that rent money to pay it's mortgage. In other words your paying someone's mortgage for them.
Meanwhile the hotels are boarding a certain flavour of person for free all over the country 🤔
That’s the problem with Britain’s soviet style planning system locals (who actually live and work there) should be able to simply buy some land and build their own house as is the case in Scotland, Ireland, France or USA it’s a government policy crisis not a housing crisis.
ironically enough the people in this video would've been up in arms the moment council decided they wanted to put up cheap housing couple miles down the road on unused countryside.
Until you have people unwilling to pay inflated prices for homes then this will continue to be a problem only for homeowners to start complaining that they’re upside down in their mortgages or that real estate is not a strong investment
Same all over the country impossible to buy a property unless you earn over £40,0000 a year and have a substantial deposit. Renting privately is a money trap and most just live pay check to pay check and inevitably end up with large debts. Council housing needs to be brought back and new estates built.
Peasants can't afford to buy property, it's always been that way, you can't penalise the successful to mask the failure of others
What happens when the oeasants revolt?
@@box1007I can't wait for the peasants to stand up to the rich and take everything they have. The people in the big posh houses won't stand a chance when hundreds of us turn up at their door.
@@box1007 Not much, they may fight each other and smash up places like Bradford, but it doesn't impact ordinary people.
@@chrishart8548 So you fail so want to rob someone who has not failed, you sure set your lifetime objectives low.
How are they allowed to get away with this? Nobody should be allowed to own more than two holiday homes, and they should be rented out to locals when not occupied for a long period of time
What is so special about the area anyway ! Just expensive and too many tourists.
another problem due to the immigration crisis, they are swarming in quicker than houses can be built. Consequently supply and demand pushed up the prices.
Immigrants are not pricing out Cornish natives.
The story literally says it isn't that. Stop trying to blame foreigners for everything.
@@eattherich9215, but that is thr case in most of our big cities. It is by far the biggest reason in London!
@@user-eh8cg4bp3ywhere have you been for the last few years , haven’t you seen the amount of new doctors and engineers arriving daily , it’s a disgrace.
PS: I know this topic is regarding second home buyers but the amount of locusts arriving daily will affect the whole country in the coming years if not months.
@@groupb5420 No, I haven't. And I can tell you exactly where I have been. Working in both Immigration and Asylum for 15 + years and more recently Intelligence, UK Security and Counter Terrorism.
So I dare say my day-to-day insight is a great deal deeper than yours.
Next question? 🤨
Ain't capitalism wonderful ?
This is greed. Our Chancellor has a portfolio of properties he lets out.
In other words, poacher and game keeper.
Sadly all of this has come about because of the poisoned inheritance called North Sea oil money.
Without it we would not have had to money to close whole industries and move to this service economy where housing is viewed as an investment.
Now that the revenue from North Sea has all but dried up, the few who have benefited can enjoy their wealth, the remainder are worse off than before.
Dickens would recognize England today.
Better than the alternative
@@Storm.Z.4u And what’s the alternative? A fairer system that favours all
Tax the second homeowners heavily, force them out before the locals are gone completely.
How come you never highlight this plight of all the Londoners priced out of living in their home city?
Rock - never seen so many underage drinkers in one spot, sad for the locals, does the member of Parliament have anything to say
I grew up in Devon and left the UK years ago. There was no chance affording a place in my village due to all the scond homes of people from London. This has been going on for decades.
The sellers are happy to take excessive amounts for their properties - it's in their hands.
Sad actually
why?
In my area in Scotland housing is getting very expensive, new houses being built but they are quarter of a million. There's not enough council houses or flats but there are at least 50 airbnbs within ten miles of my home.
Its nothing to do with rich having holiday homes its airbnb market
Should stop non locals buying holiday homes ,it's so awful for the locals unable to afford !
It's a shame children leaving school are so confused.
If the education system taught them to well, they would be out working and not get upset as they are prepped for the bad world they are test subjects, it failed but only for them the system won, they are so confused they don't know what they are, boy or girl what did they teach them, it was nothing of any value to anyone.
But the distraction worked for the people in power, we have no justice system, facts don't matter but feeling do, the country is done and or future leaders are not sure what they are, great job.
This is not happening in Denmark. In heavy populated areas, we have “mandatory home occupancy”.
You can’t have a house/apartment without someone having permanent residency in it, that being either yourself or someone else.
I understand and sympathize with the difficulty but you also have to ask yourself who sold their houses at inflated prices to these Londoners - locals.
In France you can’t just move into an area and buy a property- especially in villages. It’s a long process and you have to give assurances to the mayor etc
It has to stop here
Second homes should be charged 4 times council tax rate, unless rented out on min 12 months agreement .
Recently I had to move out of my rented home as the rent was increased by 25% after a year, meaning my rent was £1000. Without a set of housemates this is simply unattainable for the working class and even middle class youth of today. On top of this your utility costs are eye-wateringly high and add another £500 at least onto this cost, then council tax etc leaves so little money left to spend on things like food, transport/fuel, toiletries and dare I say it, a new pair of work boots/clothing.
I am now homeless and have had to sofa-surf for a little board money on my parents sofa in a conservatory, sometimes I save a little extra outside of my regular savings to spend a night in a cheap hotel just so my back isn't fried from the airbed/sofa.
This country has really let us down, no matter how many hours we work, the rate at which we are able to save money compared to the price of living is simply not good enough.
2nd home buyers should pay additional taxes for not living permanently in a property and also be taxed heavily when buying or selling that second property. Job done.
Don't sell your property to any ponce from london, this goes for every town, city and country.
This is what conservative capitalism is all about. Houses should be homes, but no they are viewed as appreciating assets. With interest rates low and investments returning little, housing became the new investment. What a mess and it all started with Thatcher
Wonderful. A community without poor people.
Holy bird noises
😀
@@JM-sx1yy
🤑
@@JM-sx1yy
🤩
@@JM-sx1yy
Гы-гы-гы.
Who are selling these homes to wealthy Londoners?
Locals thats who this allows these to cash in their chips.
Government should be building affordable rent and even shared ownership for people with a local connection.
In Scotland there is 6% 2nd homes tax, RTB banned , stronger rights for tenants, limits on AIR BB in hotspots and the SNP building thousands of affordable homes
This is happening all over the world.
The question should be why is the council not building for the locals?
The issue is partially due to incon inequality in the UK. The rich have excess untaxed income they spend on homes they bearly ever live in. Nobody should own a second home while millons cannot own or even afford to rent one.
And then we'll have cretins and clowns saying oh oh oh, this is happening everywhere in Europe. NO, IT'S NOT HAPPENING EVERYWHERE IN EUROPE. IN most countries you can buy affordable housing. Unless is some tourist area or city centre area.
I'd like to know the background of the woman who has lived there 19 years. Did she marry a local? If not, then she is part of the problem. 19 years ago, her home became unavailable to a born and bred local.
Although it brings its own set of problems, AirBnB would be preferable to properties that are empty most of the year. The continuous change over of renters would ensure some life in the village, even out of season.
This is a worldwide issue. Everywhere tourism becomes a major part of the economy, the locals get pushed to the margins.
I remember reading of a block of flats on the south coast. It had been built as full-time residences. However, only one resident was there full-time, an elderly lady. She was completely alone, except for employees of the development, for weekdays most of the year, and often at weekends during the winter.
need to create a private landlord tax for each property owned these people are literally buying everything and its greed upon greed
no one is forced don't sell your house to ppl outside the community and make less money....not that anyone will do that of course. I know I wouldn't!
It's like that here in Murcia
2:16 'located a couple of miles from where..David Cameron' owns a holiday home.
Restrictive zoning laws to prevent outsiders, with no long term intention to reside, buying properties in these places are well overdue. Combine with mortgage relief schemes at reduced rates for buyers who have established local residence through family.
Why is this even legal?
legal? should it be illegal to be poor?🤣
@@mrmrmrcaf7801 Being poor shows a lack of effort generally
Same thing is happening in the lake district.
When a country allows homes to be used as commodities rather than housing their population this is what happens. It gets too expensive to buy say in London especially due to foreign and corporate buyers so the pressure is on smaller rural communities which cannot afford the competition. It is Such bad management.
It’s the same up in the lakes or other national parks. The wealthy buy second homes, while the locals get priced out of there eg due service like trades people go up in price to coupe with the demand. And the locals become rear and community dries up. Luckily at the moment in the lakes there are still some areas that get over looked by the second home lot so locals do have a small opportunity to buy. But it’s slowly reducing. I have no issue with people doing well be to stop locals buying a property but out pricing it isn’t call or good. I’m very fortunate to have brought my first home last year in the north lakes and fortunate that I didn’t need finance or a mortgage to get it. But sadly lots of my age group and younger don’t have a sensible hope of owning a home 🏡.
Plenty of empty un mortgage scheming homes, the tax foreclosures buy one with a well and sewage and remodel or rebuild a small house, then you have the zoning and building permit scheme. It's life. Someone will always need to pay the government $100 or more a month for life on it or they claim they can take it.
some of the most expensive small dwellings can be found in the the west of Scotland check out Plockton where this has been happening for decades
Hope you're not all liberals whinging about this, you were warned about this.
The shortages & price hikes are caused by Government
I inherited 2 and own a 3rd apt. For the most part they’re empty because I so wish. Occasional Airbnb, I live and work abroad in a very low tax country. The second they’ll tax a 2nd home higher, it will create a straw buyer and leasing industry that will rival anything the Panama papers uncovered!
Banks require co-signers.
Sadly, no one measure be it council tax, a ban on second homes or the halt of mass migration (immigration) will cure this soon enough. It really needs all to be implemented in one go.
Our country in a mess which has been brewing for 45 years with the ‘right-to-buy’ council houses at the centre of it.
North Sea oil revenue allowed the then Chancellor, Lawson, to reduce the highest rate of tax to 40% and to close industries, funding the unemployed with social security.
Now we have too few jobs paying a decent salary outside of the public sector and the City of London.
To make matters worse the UK government, of either hue, has use immigration as a get out of jail free card to keep income tax revenues high.
The country is paying a heavy price for its oil inheritance and lack of planning.
Some villages in North Norfolk are 90% empty in the winter its out of order.
These high prices where never sustainable. Good news is a crash is already coming down the pipe, the bad news is it's going to be brutal.
The market won't crash
Wadebridge is quite affordable still , lived there from 2020-2023 . Only 5 miles from this village.
We have the same problem in Cymru
There should be excruciating penalties for owning small freehold property other than as your main residence. Communities need people living in their own homes, so they're invested in the community around them.
That would make a lot of renters homeless, reduce stock and increase rental prices, bring it on.
@@Storm.Z.4u The only renters it would make homeless are those unable to afford the massively reduced price of owning accommodation that forcing low-end BTL landlords out would cause. Flats in blocks would still be available.
irony is that places such as tilbury jaywick other resorts ------- are like ghost towns in fact bankrupt effectively //////// state of nation crapola island unless you are very rich ......