Building boom

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Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Tue Mar 27, 12 4:32 pm Post subject: Building boom
How is it looking everywhere else? People round here seem to be extending and re-building left, right & centre, presumably in a bid to spend excess funds.

dpack

Joined: 02 Jul 2005
Posts: 46238
Location: yes

Posted: Tue Mar 27, 12 5:06 pm Post subject:
york a bit but less than 5 yrs back hudds ,seem to be more empty industrial sites and few domestic skips

Behemoth

Joined: 01 Dec 2004
Posts: 19023
Location: Leeds

Posted: Tue Mar 27, 12 5:17 pm Post subject:
Big developments on hold. Lots of domestic stuff.

dpack

Joined: 02 Jul 2005
Posts: 46238
Location: yes

Posted: Tue Mar 27, 12 6:33 pm Post subject:
the domestic is maybe "we are here for a while it needs adapting "

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Tue Mar 27, 12 6:41 pm Post subject:

dpack wrote:

the domestic is maybe "we are here for a while it needs adapting "

Not round here it's not

onemanband

Joined: 26 Dec 2010
Posts: 1473
Location: NCA90

Posted: Tue Mar 27, 12 7:28 pm Post subject:
No shortage of domestic building work in Hertfordshire. In the older parts of St Albans there's building work every few hundred yards. Loft conversions are big business there at the moment. I suppose with a victorian 3 bed semi costing �500k spending �20-�40k on a loft conversion is good value.

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Tue Mar 27, 12 7:30 pm Post subject:
The 'house' builder I know has plenty of work, the 'stable' builder is out of work.

Shane

Joined: 31 Oct 2005
Posts: 3467
Location: Doha. Is hot.

Posted: Wed Mar 28, 12 3:51 am Post subject:
I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Wed Mar 28, 12 8:51 am Post subject:

Shane wrote:

I was under the impression that people tended to spend money on extending their own house when they couldn't afford to move - hence, when people in general are being squeezed, you see more renovations and less house purchases.

I'd like to explain it that way but both these examples are massive houses already, with middle class occupants, mid-fifties to early sixties, one a couple, the other a couple with a teenage son. All nice people, not horrible property barons, but just... wow, not short of cash.

chicken feed

Joined: 27 Aug 2009
Posts: 2677

Posted: Wed Mar 28, 12 9:05 am Post subject:

Rob R wrote:

Shane wrote:

this is and always has been the main stay of our work since the 1980's it could just be by that age you are settled where you are and just want to make your living space just the way you want it. moneys making nothing in the bank so spend it way of thinking atm is what we are seeing more and more of.

sean
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 42219
Location: North Devon

Posted: Wed Mar 28, 12 11:25 am Post subject:
Plus if you've got a decent amount of equity it's very cheap to borrow at the moment.

Shane

Joined: 31 Oct 2005
Posts: 3467
Location: Doha. Is hot.

Posted: Wed Mar 28, 12 11:32 am Post subject:

chicken feed wrote:

moneys making nothing in the bank

Makes less than that out here - there was an ad in this morning's paper about a high-interest savings account offering a whacking 2% interest right next to an article about how the official rate of inflation is currently sitting at 4%

Mind you, anyone that leaves a significant sum of money sitting around locally needs their head examined anyway!

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Wed Mar 28, 12 11:36 am Post subject:
I guess we've got George Osbourne to blame for this.

dpack

Joined: 02 Jul 2005
Posts: 46238
Location: yes

Posted: Wed Mar 28, 12 9:06 pm Post subject:
he may be a tory but the family firm do make nice wallpaper https://www.osborneandlittle.com/

Tavascarow

Joined: 06 Aug 2006
Posts: 8407
Location: South Cornwall

Posted: Wed Mar 28, 12 9:42 pm Post subject:

A 5,000 home development over three sites.
Which will double the population of the local town, to be built over the next twenty years.
Currently on hold because the County Council planning strategy is under judicial review.
But will no doubt be resubmitted when that's past.
It's why I'm laughing at what has been dubbed the pasty war.
More people are upset that their pasty is going up in price than the fact the local environment, both human & natural, could change drastically in the near future.

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