Best of the Week
Most Popular
1.UK House Prices Momentum Crash Threatens Mini Bear Market 2017 - Nadeem_Walayat
2.Perfect Storm - This Fourth Turning has Over a Decade of Continuous Storms to Come - James_Quinn
3.UK House Prices Momentum Crash Warns of 2017 Bear Market - Video - Nadeem_Walayat
4.Billionaire Investors Backing A Marijuana Boom In 2017 - OilPrice_Com
5.Emerging Markets & Basic Materials Stocks Breaking Out Together - Rambus_Chartology
6.Global Currency Reserve At Risk - Jim_Willie_CB
7.Gold and Silver: Your Stomach Is Probably Wrenching Right Now - The_Gold_Report
8.Warning: The Fed Is Preparing to Crash the Financial System Again - Graham_Summers
9.Basic Materials and Commodities Analysis and Trend Forecasts - Rambus_Chartology
10.Discover Why A Major American Revolution Is Brewing - Harry_Dent
Last 7 days
EIA Weekly Report and Crude Oil - 19th Aug 17
4 Insights for Adjusting Your Portfolio in a Rate-hike Environment - 19th Aug 17
Gold Direction Indicator - 19th Aug 17
Historical Inevitability and Gold and Silver Ownership - 19th Aug 17
You Are Being Lied To About “Low” Gold Demand - 19th Aug 17
This is Why Cocoa's Crash Was a Perfect Setup - 19th Aug 17
Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High - 19th Aug 17
North Korea Is Far From Being Irrational… It Has A Plan - 18th Aug 17
US Civil War - FUNCTIONAL ILLITERATES TRYING TO ERASE HISTORY - 18th Aug 17
Bitcoin Hits New All-Time High Over $4,400 As It Catches Paypal In Total Market Cap - 17th Aug 17
3 Psychological Ingredients behind Great Web Content - 17th Aug 17
The War on Cash - Rogoff, Orwell and Kafka - 17th Aug 17
The Stock Market Guns of August, Trade Set-Up & Removing your Rose Tinted Glasses - 16th Aug 17
Stocks, Bonds, Interest Rates, and Serbia, Camp Kotok 2017 - 16th Aug 17
U.S. Stock Market: Sunrise ... Sunset - 16th Aug 17
The Next Tech Crash Could Delay Your Retirement by a Decade - 15th Aug 17
Gold and Silver Precious Metals Nearing Breakout - 15th Aug 17
North Korea Showdown: Pivotal Market Turning Point - 15th Aug 17
Tech Stocks DOT COM Bubble Do-Over? - 14th Aug 17
Deep State Conspiracy or Chaos - 14th Aug 17
From the Trans-Atlantic Axis and the Trans-Asian Axis - 14th Aug 17
Stock Market Intermediate Correction Underway - 14th Aug 17
The Islamic State Jihadi Pivot to Asia - 13th Aug 17
Potential Pivots Upcoming for Stocks and Gold - 13th Aug 17
North Korean Chinese Proxy vs US Military Empire Trending Towards Nuclear War! - 12th Aug 17
Gold Stocks Coiled Spring - 12th Aug 17
Neil Howe: The Amazon-Walmart Rivalry Will Determine the Future of Retail - 12th Aug 17
How to Alton Towers Half Price Discount Entry 2017 and 2018, Any Time, No Pre-Booking! - 12th Aug 17
Top 3 Technical Trading Tools Part 2: Relative Strength Index (RSI) - 11th Aug 17
What Makes Women Better Investors - 11th Aug 17
Crude Oil Price Precious Metals Link in August - 11th Aug 17
Influencer Marketing Predictions All Businesses Should Take Into Account - 11th Aug 17
Really Bad Ideas - Government Debt Isn’t Actually Debt - 10th Aug 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

UK Immigration, EU Referendum and Britain's Housing Crisis - How to Get a Council House

ElectionOracle / EU_Referendum Jun 03, 2016 - 07:37 AM GMT

By: Nadeem_Walayat

ElectionOracle

The reality of Britain's housing crisis can be easily lost in the statistics, which whilst painting a picture of continuing OUT OF CONTROL immigration, one of a building crisis year after year that, instead of net migration numbering in the tens of thousands as David Cameron has been iterating each year since he took power in 2010, instead as the latest data from the ONS once more illustrates, stands at well over 300k per year and trending towards 400k.


"Overall, net immigration would be kept in the tens of thousands, rather than the current rate of hundreds of thousands”. Promised David Cameron in 2010.

Therefore instead of net migration during the past 6 years of 120k to 180k. Instead Britain has experienced a mass uncontrolled net inflow of near 2 million! More than TEN TIMES that which David Cameron keeps promising! Therefore Britain has had to suffer a net 2 million extra hungry mouths to feed, HOUSE and service with ZERO net benefit to the economy due to receipt of in work benefits which are NOT capped at £26k per annum for working tax credit recipients so literally the sky is the limit!

In terms of the impact of out of control EU immigration on the housing market, Channel 4's series 'How to Get a Council House' has done an excellent job of demonstrating the real world impact on the housing crisis, of how the mass migration statistics translate into real world examples of what is taking place right across Britain.

The latest episode to air which is still available online for another 27 days once more demonstrates how out of control EU migration is having a disastrous impact on Britain's housing market. For instance a Romanian family of 7 ( 2 adults and 5 children) is shown arriving into the UK at Hounslow's housing department demanding that they be housed, and after tooing and froing for a couple of weeks for the cameras, are then within 2 weeks housed in a 4 bedroom house in Birmingham at a cost to the tax payer of £750 per month! And in total will likely be in receipt of over £60k in benefits per year! (includes £25k cost for schooling 5 children).

(Channel 4 on Demand - Available online for 27 days)

The episode continues with other recent migrants such including a single adult from Bermuda, who expected to be housed, and a family of 3 from Poland and Africa, again expecting to be housed and granted housing by the end of the episode.

Towards the end of the episode the housing support officer is asked "Do you think they should have been housed", to which he answers -

"I think it's a yes, no answer, it does not always seem fair and in this case I think the verdict will be open, there will be some of you who will think, we'll were glad for them. Others might think here's another case of the system being exploited. "

Whilst the romanian male of the family of 7 is asked "Do you know there is a housing shortage here in Britain?" to which he replies -

"I didn't know that, maybe I was one of the lucky ones"

The episode ends with a dire statement from Hounslow's Director of Housing - "We are seeing an increase in applications from overseas. We do not have the supply, we do not have the homes to put them in. The situation can only get worse and we will expect to see those numbers simply grow and grow."

The reality is apparent that eastern europeans know exactly what they are doing to jump the housing queue so as to achieve what British born people are unable to despite waiting for literally decades on worthless housing waiting lists. So when people say that migrants are being given priority over British people, well it is true for EU migrant families at least, for being HOMELESS WITH CHILDREN, means that they are treated as PRIORITY CASES, which is why the housing waiting lists that British born people have been patiently sat on for 20+ years, waiting to be re-housed are FROZEN. And if Brit's make themselves homeless so as to put pressure on the Council, then the Council tends to turn around and inform them that they cannot be helped because they have INTENTIALLY made themselves homeless! Whilst virtually ALL europeans migrating to Britain WITH children are being given housing within 2-4 weeks, and this is the nature of Britain's decade long building housing crisis that has long since passed the critical point. Against which Vote REMAIN's madness is for an unsustainable business as usual!

I have covered the consequences of out of control immigration on Britain's housing market many times over the past few years as illustrated by the following recent videos:

EU Referendum - VOTE LEAVE

Over the past 18 months of analysis I have come to the firm conclusion that on the balance of probabilities that Britain would be far better off in the long-run by LEAVING to the European Union. Yes, there would be short-term uncertainty and some economic pain, but the price of remaining within the EU will be INFINITELY greater as my articles and videos to date illustrate.

Therefore with just 3 weeks to go and the opinion polls virtually neck and neck on 45%, we have been ramping up our BrExit campaign, producing Brexit resources from in-depth analysis, rebuttal articles, many videos, and also active on the social networks so as to do our best to play a part in Britain in securing Britain's long-term future, Britain's very last chance for freedom which you too can help to achieve by supporting our Brexit campaign.

Counting Down to Freedom - Support Our BrExit Campaign

And also ensure you are subscribed to my always free newsletter (only requirement is an email address) for forthcoming in-depth analysis and detailed trend forecasts that include the following :

  • BrExit to Save Europe from the Apocalypse
  • US Dollar Trend Forecast
  • UK Housing Market Trend Forecasts
  • US Stock Market Forecasts
  • US House Prices Detailed Multi-Year Trend Forecast
  • Gold and Silver Price Forecast

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Nic_C
03 Jun 16, 19:26
EU Migratiion Housing Costs

Hi Nadeem,

Further to your awesome article(s) it would be good to interlink the EU memberships actual cost to the UK. The Beeb are churning out their usual propaganda dribble saying that of the £350M/£370M given to the EU each week only £150M or thereabouts is given... then stating is it really worth leaving.., when as you well know the problem isn't just the sum of money we send abroad but the extra money the tax payer has to cough up for the vast number of immigrants being given social housing...

Back in July 2013 it was announced that over the past decade approximately 500,000 immigrants where given social housing, inevitably we do not know how many of these are individuals, couples... have taken up work or how many more have been added since, so for arguments sake lets take the 500K and break it down:

- Single Person - £450p/m Rent - £15kp/a Benefits (x 125,000 = Over £675M per annum)

- Couple - £550p/m - £30kp/a (x 125K = Over £825M)

- Small Family - £650p/m - £50kp/a (x 125K = Over £975M)

- Large Family - £750p/m - £70kp/a (x 125K = Over £1.125B)

Total: £3.6 Billion

The above is understandably a big approximation and may sound rather inflated, however it doesn't include the rents in areas such as London, Greater London and Surrey where many councils are paying 2, 3... 5+ times more to house one family than the above figures or those recently published, it also doesn't highlight the added financial strain on our schools, NHS... but it certainly outlines the fact we are better off out!

Your thoughts?

Kind regards,

Nic


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife