Reply to: Nationwide Building Society House Price Index Nov 18

[OwlHoot]

The future is '3D printed construction' not bricks.

If the process becomes quick and cheap enough we may end up where you can print an extension overnight, or downsize to a bungalow by rebuilding your printed family home over a long weekend.

In Devon and Wales traditionally, if you could whack up a house within literally 24 hours on common land, it became your freehold:

Tŷ unnos

[shaunbhoy]

Make that a 60% correction.

You can makeup any figures you wish. They remain the empty-headed vapourings of the congenitally hard of thinking, and simply serve to highlight that here is yet another topic that has passed you by.

[scooterscot]

50% correction ahead - buckle up.

Make that a 60% correction.

[Dark Black]

To be fair, prefab must depreciate much faster than (well-built) brick as it literally degrades faster.

It is more akin to buying a house boat, or a wooden house in Japan, something you know will literally crumble to dust in 60 years or even sooner, and a mortgage would last a significant chunk of that time.

On that assumption, prefab makes sense only if the cost of the land is by far the dominant factor and the edifice cost is just a minor supplement.

So that's most of the South-East of England then...

[Eirikur]

50% correction ahead - buckle up.

hope so, come on Br%xit!

[scooterscot]

50% correction ahead - buckle up.

[sal]

The future is '3D printed construction' not bricks.

If the process becomes quick and cheap enough we may end up where you can print an extension overnight, or downsize to a bungalow by rebuilding your printed family home over a long weekend.

The future is building with mycelium, you can just grow your own house

Mushroom mycelium design | Dezeen

[sal]

The picture is obscured further by a whirlwind of sand from crumbling new build mortar.

New homes 'crumbling due to weak mortar'

So new builds will be literally crashing down while the properly built stuff will remain the gold standard.

Not literally as the brickwork is not structural in any of the new builds i have seen

[Hobosapien]

The future is '3D printed construction' not bricks.

If the process becomes quick and cheap enough we may end up where you can print an extension overnight, or downsize to a bungalow by rebuilding your printed family home over a long weekend.

[OwlHoot]

Prefab or “off site modular construction” has been they way to go for years, but the English public has a fixated view its only properly built if it’s brick!

To be fair, prefab must depreciate much faster than (well-built) brick as it literally degrades faster.

It is more akin to buying a house boat, or a wooden house in Japan, something you know will literally crumble to dust in 60 years or even sooner, and a mortgage would last a significant chunk of that time.

On that assumption, prefab makes sense only if the cost of the land is by far the dominant factor and the edifice cost is just a minor supplement.

[Halo Jones]

Rather than these tacky little boxes our builders like to build we should have industrialised the home build process and returned to prefabs. There are some very nice ones.

Prefab or “off site modular construction” has been they way to go for years, but the English public has a fixated view its only properly built if it’s brick!

[tazdevil]

Rather than these tacky little boxes our builders like to build we should have industrialised the home build process and returned to prefabs. There are some very nice ones.

[Hobosapien]

The picture is obscured further by a whirlwind of sand from crumbling new build mortar.

New homes 'crumbling due to weak mortar'

Two tier housing system on the way as clued up buyers ignore new builds leaving that pile of literal tulip to naive first time buyers suckered into Help to Buy schemes.

So new builds will be literally crashing down while the properly built stuff will remain the gold standard.

Edit: Though there should be a national enquiry in face of the alleged cover up via hush money. PPI firms and ambulance chasing lawyers, here's your next pool of easy money. Maybe the government will claw back some of those billions paid out to their housebuilder boys club in face of rising discontent in the run up to the next election, however soon that may be.

[TwoWolves]

Prices won't crash, there's too much at stake.

If they didn't crash after the credit crunch then they certainly won't crash because of Brexit (if it happens).

Broadly I agree that a crash is unlikely but wanted to point out that the tools used to keep prices buoyant after 2008 are now spent. The BoE will be hard pressed to spin both plates in such a scenario.

[DimPrawn]

UK migration: Fewer EU arrivals but overall figure stays the same - BBC News

EU net migration was 74,000 in the year to the end of June 2018, while non-EU net migration was 248,000.

Are these people living under rocks? No, they are living in houses and flats. This and the BoE money printing for cheap BTL loans, means the in UK property market, demand will always outstrip supply.

Ergo, house prices only ever go up in the long term.

HTH BIDI