Has mass immigration prevented many lower earning British people from buying property?

Question

A lot of research and common sense says it has:

http://www.migrationwatch.org/Briefingpapers/housing/7_9_impact_of_immigration_on_housing_in_england.asp

http://business.timesonline.co.uk/tol/business/economics/article1997935.ece

openyoureyes openyoureyes, the reason London properties cost £300,000 is because too many people are seeking too few properties and several million are recent immigrants

Mass immigration has increased the UK population by several millions, this has had the effect of increasing property prices and putting house purchase out of reach of the UK's youngest and poorest people.

Economists have verified this but clinical deniers who are pro mass immigration will , er well deny it.


The "benefits" of mass immigration are completely and absolutely wrong, increased property prices alone cancel any so called benefit and Migrationwatch have reports to verify this which can be read by all who are not in clinical denial

Look at the evidence provided by Migrationwatch below ( It is not Migrationwatch's OWN figures they merely report statistics from several sources.

http://www.migrationwatch.org/pressreleases/pressreleases.asp

Sir Andrew Green, Chairman of Migrationwatch has nothing to do with the BNP and neither have I .

Answer 1

Yes of course it has
Only a fool, or a person with a hidden agenda would disagree
When demand outstrips supply the price goes up.
Why must we have mass immigration, for me there is no benefit
at all just lower wages and higher house prices
VERY *%$* OFF EX LABOUR VOTER

Answer 2

Hmmm....I'd take anything from Migration Watch with a very heavy pinch of salt. I won't pretend to know much about economics but I really find it hard to see how immigration affects house prices, that's more something for the Daily "Hate" Mail and the Daily Express.

Anyone who can afford to buy a house these days has to be earning at least £50000-odd to even think of anything if they're by themselves or needs to be living as a couple so that both salaries approach that figure. Or, they have to find an irresponsible lender that will lend them many times their salary and tie them into loans they can't afford.

Buying property is far from being something that anyone can do and if you think of the jobs in the service sector that immigrants usually take, plus their transitory nature, then I don't see how it's something they can easily do either.

Answer 3

No, Immigration hasn’t caused many lower earning British people from buying property. Immigrants have been a scapegoat for many things, including foot and mouth at a surrey farm or filthy hospital in Kent. I thought your question should be in the economics sector but however let me just give you an insight of what is happening.
Low earning buyers not just British but every low earning person is being forced into record levels of debt to get on the proper ladder, why?
Because Mortgage Lenders, are giving out up to 3.37 times the average house buyer needs to borrow which is a high figure so you opt out alone or you take it and things goes tough later and repossession takes effect .
So what is happening is that the value of the asset has remained the same. What has happened is that the value of the money you used to buy it with has gone down. There is more capital now chasing the same capital assets. Inflation, in other words...inflation of the money supply...has caused prices to go up. Money creation is no longer in the hands of the central bank authorities alone. Banks no longer control the credit cycle. And gold no longer controls international money flows or relative currency prices.
Why?
Because there is more capital now chasing the same capital assets. Inflation, in other words...inflation of the money supply...has caused prices to go up. What makes this bout of inflation particularly agreeable is that it never makes its way up to the hoi-polloi. Instead, this money stays with the people who invented it – central bankers, hedge funds, private equity funds, venture capital funds. It remains like the chips on a Las
Vegas gaming table.
Rising interest rates, continuing house price increases and an average stamp duty bill of £1,458 are all combining to price low earners out of the market.
This is what some economists call the “financialisation”
of the economy. Things that previously had modest value are put ‘in play’. Pretty soon, people think they are getting rich...as their assets rise in ‘value.’

But that ‘ol man river, just keeps rollin’ along .

Always and everywhere, money talks. Not Immigrants or Citizens , And when a real mania gets going, it yells and screams...and bids up prices as the players get more money to play with.

Answer 4

Problem is when this 'vote' to join the EU was made, the majority of people were still young children or not even born! The EU was made up by six founding countries in 1957. In 1973 England voted and started to become part of the EU. What has changed is the requirements to enter the Eu and the relaxation or flexibility of those rules to allow certain countries entry into the EU Were you around in 1973 and able to vote about us as a nation joining the EU?

Answer 5

No, it's a combination of society expecting everyone to buy a house and the lack of building of afforable housing both to rent and to buy.

If noone wants a certain item in a shop, the manufacturers will knock the price down to make it more attractive. And vice versa.

Answer 6

Not sure i agree whole heartedly with you but I would be interested in chatting to you about your views and how we can work to overcome the issues you obviously have about the vast numbers of immigrants the recent governments have allowed in to our once great country. We are working towards setting up a new political party to reflect the needs and desires of the real people of the country. Please contact me directly.
David

Answer 7

Short answer, yes. As you said, too many people and not enough houses. A sudden influx of millions of extra people has not allowed house building to catch up causing a housing shortage and house prices to sky rocket. Now people are having to go into dangerously high levels of debt to buy a house if they can even get a mortgage big enough to buy one.

Answer 8

charteram is absolutly right and I can prove is point and they even rent out the bathroom for a further £30 a week.It is sheer bo........ks to accuse everbody who speaks the truth is a BNP member.Well it does sweep the problem under the carpet.

Answer 9

supply and demand - im 27 and a small £200,000 house is stretching my budget slightly. Not enough houses? No. Too many people? Yes!

Answer 10

Yes because these immigrants keep the wages lower and now they put a pressure on the housing market.