News for hackers. Stuff that matters.
Re:Priced out of home ownership – 'It makes me want to throw... by aegypti on Monday May 27, 2024 @05:00PM (#40494656)
The OECD link you’ve provided shows the complete opposite of your point.

The UK, Ireland, Canada, and New Zealand are at the bottom of % vacant dwellings indicating the opposite of underutilization.

Re:Priced out of home ownership – 'It makes me want to throw... by roenxi on Monday May 27, 2024 @06:44PM (#40495497)
And they have below-expected dwellings per 1,000 residents. The "Total number of dwellings per thousand inhabitants, 2022 and 2011" suggests there are potential supply problems.
Re:Priced out of home ownership – 'It makes me want to throw... by ivan_gammel on Monday May 27, 2024 @05:16PM (#40494800)
Iirc, 20% of all bedrooms in UK are spare bedrooms in houses that are too big for their owners. This is indeed underutilization.
Re:Priced out of home ownership – 'It makes me want to throw... by Macha on Monday May 27, 2024 @05:20PM (#40494838)
As someone with spare bedrooms, this itself is a problem of undersupply. If you can't be sure of being able to trade up when you need to (e.g. after starting a family) because house prices are up 100% in 10 years, then you're going to want to buy a house for all possible future needs, rather than current needs.

Add to that, things that might be desirable for other reasons, like garden space, rooms for use as offices, large kitchens, etc. all tend to scale with bedroom count too.

Re:Priced out of home ownership – 'It makes me want to throw... by gravescale on Monday May 27, 2024 @07:40PM (#40495871)
Also trading up comes with stamp duty, which is a damper on moving house unless you absolutely have to. Not only is your new house bigger and more expensive then anything you've ever bought before with that extra bedroom, plus the large expenses and hassle of moving in general, it's likely another £10k or more in stamp duty unless your new 3-bed is somewhere pretty cheap in the country. You don't get the first time buyer discount either, as you already have a house.

It's basically a tax that punishes labour mobility and not oversizing property.

Of course, you have to pay to heat and maintain that bigger house and pay higher council tax on it, so your saved stamp duty will probably be used after a few years, so in an ultra-rational way, it comes out in the wash, but it certainly doesn't feel like it at the time.

Re:Priced out of home ownership – 'It makes me want to throw... by ivan_gammel on Monday May 27, 2024 @05:29PM (#40494926)
House ownership is higher among boomers, who are not going to have children anyway. Maybe for some people concern for future prices is a good reason, but certainly it is not for everyone. If there’s spare capacity enough for 20% more people and population growth forecast by 2050 is just one third of that, you cannot really talk about undersupply, when there’s enough accommodation to cover even future demand.
Re:Priced out of home ownership – 'It makes me want to throw... by Macha on Wednesday May 29, 2024 @06:27AM (#40510403)
This assumes a level of fungibility that's just not there. Apart from the discussions elsewhere in this thread about why spare bedrooms might not be suitable to rent, even for those that are, splitting a family of 4 across 4 spare bedrooms in 4 different properties is suboptimal at best and legally child neglect at worst.

Equally, houses in Cornwall are of little use when the jobs are in London.

Re:Priced out of home ownership – 'It makes me want to throw... by imgabe on Monday May 27, 2024 @08:05PM (#40496026)
The owner is living there and happy with the space or they would move. That is not underutilization. The solution to housing shortage is to build more housing, not to create “bedroom police” who go around and tell you’re not allowed to have your house because they will decide for you how much space you need.
Re:Priced out of home ownership – 'It makes me want to throw... by wing-_-nuts on Tuesday May 28, 2024 @10:19AM (#40500981)
Lol bedroom police. Yes, because that's exactly what we were discussing.

Or, you could, you know, make it more affordable to build smaller homes with fewer bedrooms so people actually have options when they become empty nesters.

Re:Priced out of home ownership – 'It makes me want to throw... by imgabe on Wednesday May 29, 2024 @12:41AM (#40508539)
That would fall under "build more housing".
Re:Priced out of home ownership – 'It makes me want to throw... by toasterlovin on Monday May 27, 2024 @05:25PM (#40494892)
Just to conceptualize this, it's like every 5 bedroom house having 1 unused bedroom, perhaps being used as an office. Of course, most houses don't have 5 bedrooms, so in reality this is an extra bedroom for every 2 houses. Again, possibly being well used for another purpose. That doesn't seem like a lot of underutilization to me.
Re:Priced out of home ownership – 'It makes me want to throw... by ivan_gammel on Monday May 27, 2024 @05:45PM (#40495045)
Rooms used for another purpose are not called bedrooms. See yourself: https://www.ons.gov.uk/peoplepopulationandcommunity/housing/...
Re:Priced out of home ownership – 'It makes me want to throw... by nemomarx on Monday May 27, 2024 @06:03PM (#40495187)
How does a guest bedroom get counted, out of curiosity?
Re:Priced out of home ownership – 'It makes me want to throw... by ivan_gammel on Monday May 27, 2024 @07:34PM (#40495825)
Guest bedroom is underutilized space unless you are a hotel or full-time Airbnb. How often people are staying there? A few months a year in total, if children spend the whole summer with grandparents and visit on rare holidays?
Re:Priced out of home ownership – 'It makes me want to throw... by toasterlovin on Monday May 27, 2024 @09:05PM (#40496371)
Is that a problem? It's a guest bedroom for every two houses. Something approaching the vast majority of all economic output goes toward things which are extraneous when measured against the historical median standard of living. But people like nice things. And a guest bedroom is a nice thing that some people like.
Re:Priced out of home ownership – 'It makes me want to throw... by CalRobert on Tuesday May 28, 2024 @11:46AM (#40501909)
That feels... weird. Would you say a car is underutilized if it's not being driven 24 hours a day?
Re:Priced out of home ownership – 'It makes me want to throw... by IanCal on Tuesday May 28, 2024 @10:32AM (#40501099)
They can be. My house is a four bedroom house. One of those is used as an office.

Nothing in the ONS link says otherwise, they just ask

"How many bedrooms are available for use only by this household?"

Re:Priced out of home ownership – 'It makes me want to throw... by gravescale on Monday May 27, 2024 @10:12PM (#40496723)
Also consider that many 3rd bedrooms in the UK are tiny. Like, "don't fit single bed frames and allow the door to open properly" tiny.
Re:Priced out of home ownership – 'It makes me want to throw... by throwaway22032 on Monday May 27, 2024 @05:21PM (#40494851)
Underutilized would imply that it's literally useless dead space.

I have more rooms in my house than people, they have purposes.

Re:Priced out of home ownership – 'It makes me want to throw... by ivan_gammel on Monday May 27, 2024 @05:42PM (#40495026)
UK census differentiates between rooms and bedrooms, so indeed an unused bedroom is likely a dead space.
Re:Priced out of home ownership – 'It makes me want to throw... by throwaway22032 on Monday May 27, 2024 @06:11PM (#40495242)
My home is listed as having more bedrooms than people.

They are not dead spaces, and they wouldn't somehow become more useful if I knocked a wall or two through to reduce the room count or reclassified them.

Re:Priced out of home ownership – 'It makes me want to throw... by wyre on Monday May 27, 2024 @06:42PM (#40495481)
Are you purposefully being obtuse? The point is the difference between bedrooms, bedrooms used as offices, etc, and spare bedrooms. You can have more bedrooms than people and fully utilize the rooms not being used as bedrooms; the statistic is 20% of rooms are being underutilized ie spare bedrooms that don’t get used.
Re:Priced out of home ownership – 'It makes me want to throw... by throwaway22032 on Monday May 27, 2024 @07:03PM (#40495611)
I'm not deliberately being obtuse - I simply don't believe that many people have literally empty rooms that they don't use.

I don't know anyone that has an empty room in their house, or one that no-one enters for weeks at a time, etc. Maybe the odd country estate is like that.

To a communist, the concept of having a guest room, office, storage room etc might feel like "underutilization".

If we apply that more generally, then the park outside my house is underutilized because the maximum capacity are not sunbathing in it at all times. I think that's a pretty silly use of language.

Re:Priced out of home ownership – 'It makes me want to throw... by lazyasciiart on Monday May 27, 2024 @07:50PM (#40495931)
I absolutely know people with rooms that are literally unused. They aren’t empty, but it’s not a valuable use of space just because it means you don’t have to get rid of your last three couches and a desk that’s nice but not nice enough to use.
Re:Priced out of home ownership – 'It makes me want to throw... by AlexandrB on Monday May 27, 2024 @08:14PM (#40496078)
Who decides what "valuable use of space" is? Next we'll be taxing people whose living rooms are too big because they're not "valuable use of space" and could be split into another bedroom.
Re:Priced out of home ownership – 'It makes me want to throw... by throwaway22032 on Monday May 27, 2024 @09:04PM (#40496366)
In life, some people look up, some people look down.

I'll never understand how someone could think that completely normal things like a house, garden, car, etc are somehow "too much". But they do. It's baffling.

I can understand, though not agree, with being angry with someone who owns say, tens of thousands of houses, millions of acres of land, and leaves it all empty.

But the idea that a house is underutilized if it doesn't have as many people as could possibly live in it? All I can say is, Hong Kong exists, Manhattan exists, feel free, I'm not in for that.

Re:Priced out of home ownership – 'It makes me want to throw... by ivan_gammel on Monday May 27, 2024 @07:46PM (#40495904)
Labeling formal logic as „communism“ won’t help (it‘s also kinda funny when people with certain cultural background use this word as synonym for some biblical evil, rather than for what it is). Guest room is not a necessity in most cases, it is convenience for which alternatives do exist and may even be more cost efficient/practical. Since it is not, downsizing your home in retirement to release space for bigger family will be more efficient than building everyone a house with a spare bedroom. It does not have to be expropriation of the property for this to happen, just a policy with good incentives (less maintenance effort, less taxes to pay, better investment opportunities etc).
Re:Priced out of home ownership – 'It makes me want to throw... by disgruntledphd2 on Tuesday May 28, 2024 @10:57AM (#40501340)
> Since it is not, downsizing your home in retirement to release space for bigger family will be more efficient than building everyone a house with a spare bedroom.

This is true. The problem tends to be that people become settled in an area, and would prefer to downsize there so they don't need to uproot themselves. This is often very difficult, as there may not be availability in that area for a suitable smaller property.

Re:Priced out of home ownership – 'It makes me want to throw... by oneeyedpigeon on Tuesday May 28, 2024 @10:55AM (#40501315)
> I don't know anyone that has an empty room in their house, or one that no-one enters for weeks at a time, etc.

I don't have any statistics to hand but, based on experience, there are a lot of houses in the UK like this. Particularly among middle class couples in their 60s, whose children have left home. In fact, my parents have two spare bedrooms that are only used a handful of times each year.

Re:Priced out of home ownership – 'It makes me want to throw... by Symmetry on Tuesday May 28, 2024 @10:39AM (#40501161)
If you're talking about the study that everyone was talking about last week, that definition of "spare bedroom" includes a family of four with three bedrooms who gives each child their own bedroom when they could just have them sleep in the same room.
Re:Priced out of home ownership – 'It makes me want to throw... by tmnvix on Monday May 27, 2024 @05:05PM (#40494701)
It's the difference between 2011 and 2022 that I was highlighting.

Unfortunately the document doesn't show changes in vacancy rate.

Re:Priced out of home ownership – 'It makes me want to throw... by aegypti on Monday May 27, 2024 @05:12PM (#40494755)
The difference showing that Ireland, Canada, New Zealand, and the US had either the same, or more dwellings per thousand inhabitants in 2011 than 2022?

I don’t know if I’m just misunderstanding your point, or misreading the material, but that is also not an example of underutilization.

Re:Priced out of home ownership – 'It makes me want to throw... by tmnvix on Monday May 27, 2024 @06:39PM (#40495455)
My point is that the relatively static proportion of people to dwellings in those countries over that period suggests that a supply shortage is not sufficient to explain the accommodation crisis.

What I am suggesting is that incentives to invest in property have led to an increase in the number of properties that are not being used as a primary residence (i.e. are underutilised) and that that is the most significant factor causing the shortage of available homes.

Re:Priced out of home ownership – 'It makes me want to throw... by lazyasciiart on Monday May 27, 2024 @07:51PM (#40495942)
I think you’d want to look at household size - 4 five person households need fewer houses than 10 two person households, even though the population is the same.
Re:Priced out of home ownership – 'It makes me want to throw... by tmnvix on Monday May 27, 2024 @09:17PM (#40496441)
That's a good point and I have done that in the past (for NZ). Household size has remained steady over roughly the same period (decade up to 2018 where census data is available). This doesn't account for a possible significant change in household size distribution of course (e.g. the possibility of many more elderly living alone while young people increasingly live in shared housing).
Re:Priced out of home ownership – 'It makes me want to throw... by aegypti on Monday May 27, 2024 @08:33PM (#40496194)
I see now through a US & REIT centric bias, I think.

Given a market like NZ’s size, growth/prices, and attractiveness I can see demand like speculation, STRs, and 2nd homes possibly affecting utilization more than supply.

Given US markets that are larger, cheaper, and less attractive where investment properties fueled on cheap credit were rented out or to a much smaller degree flipped, it’s truly, significantly more difficult to imagine vs simple lack of supply (especially given historically low US rental & homeowner vacancy rates).