Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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

© 2005-2019 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