oh dear (tm): Generation rent: the housing ladder starts to collapse for the under-40 oh dear (tm): Generation rent: the housing ladder starts to collapse for the under-40 - Page 8
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  1. #71

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    Landlords who rent to those who wouldn't buy anyway are useful: but BTL landlords who bid up prices only to recoup the cost from would-be FTB who cannot get on the housing ladder as a result of house prices being inflated by BTL buying, are not providing any kind of service, they are merely interposing themselves into a market in order to extract value by being in the way.

  2. #72

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    Quote Originally Posted by tractor View Post
    We did, but we gradually changed it from a better place to what it is now. In the 70's there were proper rent controls, laws and protected and assured tenancies. Now, there are none and it is the fault of NL as much as the Tories.

    No, people in social housing should not get cheap rents either, they should pay the going rate, but today the going rate is a joke and will never get better until you spend the same amount of time reversing the trend so that many of the problems go away.

    No one has to be put in bankruptcy for the situation to become fairer on the people who wish to but cannot buy.

    An 'unoccupied' tax would help too. Make it 10% of the dwelling value pa. That would free up about half a million homes in the country.
    Some good points

    assured tenancies were a pain once you got an scum or even difficult tenant you were stuck with them and their offspring. What is wrong to limiting the engagement to a number of agreed months? If you have vibrant rent sector they can renew or move.

    If you remove the tax benefits those that have pushed themselves to the edge to buy a BTL will struggle. A bit like accepting a job and 6 months in being told half your wage is being taken away yet you can't easily give notice.

    unoccupied tax might have some impact but I would suggest you attack commercial & foreign owned properties first.

    be careful what you wish for small private landlords are normally more flexible I can't see large organisations allowing you latitude on rent or rules in the same way.
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  3. #73

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    Quote Originally Posted by vetran View Post
    BTLers are housing millions, many who will never buy even if they could afford it.
    Yeah they are doing it out of the kindness of their hearths and provide invaluable service to society...
    Quote Originally Posted by vetran View Post
    If they can't save for a deposit renting maybe they can save when they lived at their parents house like we did?
    The problem is that in 10 years the parents of the current children will not have houses for them to live in as they rented all their lives...

    Of course you haven't thought about that having a "portfolio" and such...

    BTL is fine for buying outright, BTL where the rent is paying for the 90-100% of the mortgage is wrong on any level.

    Quote Originally Posted by vetran View Post
    If you remove the tax benefits those that have pushed themselves to the edge to buy a BTL will struggle.
    You mean struggle like the millions forced to rent, spending 40% of their income on rent struggle now? Yes please.
    Last edited by sal; 23rd July 2015 at 15:49.

  4. #74

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    Quote Originally Posted by vetran View Post
    Maybe the Renting scum waste all their money on Tabs & whippets instead of saving for a deposit?
    Fair point.

    The new flats & houses are being brought as an investment by Companies. Many will never be lived in.
    Which shouldn't be allowed. No point going on about building new houses if you let investors buy them.

    BTLers are housing millions, many who will never buy even if they could afford it.
    Which is why I'm saying the solution is to give long term tenants the right to buy their houses from their Landlords. People who don't want to buy can carry on renting. Nobody is saying there shouldn't be landlords.
    Will work inside IR35. Or for food.

  5. #75

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    Quote Originally Posted by sal View Post
    You are wither being sarcastic or elitist jerk, for thinking everyone is a £500pd contractor

    Average 2 kids household annual net income - 32000

    Rent for 2 bedroom property in decent area - 12000pa
    Household bills (council tax, electricity, gas, internet, no Sky TV, no fancy mobile) - £3600pa
    Food (supermarket bill, no eating out) - £7800pa
    Transportation (public transit, no fancy car on finance) - £2400pa
    Child care - £5000pa
    Total expenditure- 30800pa

    It will only take them 40 years to save up fro a deposit.
    Top Tip.....Get the house sorted THEN have the kids. It is not rocket science FFS!
    I mean chaffinches build a nest before deciding to put eggs in it......and they have bird-sized brains! If you are struggling with one less able than that might I suggest giving the whole breeding thing a miss? You would instantly raise the IQ of the nation!!

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  6. #76

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    I'm struggling to understand why some people on this thread feel that home ownership is some kind of human right.

    There are several countries in Europe where renting is very much the norm, pre Thatchers mass sell off of council houses, at least 50% of the UK rented and pre WW2 rental was the norm for a good 80% of the UK population.

    The difference is that instead of wealthy landowners, large institutional and local government organisations being the landlords with rents broadly following the approved Council controlled prices, there are hundreds of thousands of private individuals and tiny companies operating in a "free market".

    Unless something very strange happens the purchase price of houses in this country will remain high to the point of absurdity, BTL isn't going to go away as there's no prospect that the Councils will become massive landlords again and it doesn't seem likely that there will be rent control legislation.

  7. #77

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    Quote Originally Posted by TykeMerc View Post
    I'm struggling to understand why some people on this thread feel that home ownership is some kind of human right.
    Having decent accommodation is human right. Whether it's rented or owned is another matter, but the fact is that in this country renting is massively biased in favour of landlords, who can kick out tenants very quickly for whatever reason.

  8. #78

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    Quote Originally Posted by shaunbhoy View Post
    Top Tip.....Get the house sorted THEN have the kids. It is not rocket science FFS!
    I mean chaffinches build a nest before deciding to put eggs in it......and they have bird-sized brains! If you are struggling with one less able than that might I suggest giving the whole breeding thing a miss? You would instantly raise the IQ of the nation!!

    Even more top tip...

    When a tree is full up, a chaffinch just flies to another tree and makes a claim. It does not have a committee of birds to appease financially or otherwise before it does so.

    If you are struggling under the misapprehension that your analogy is a good one, I suggest you leave your project immediately thereby increasing the quality of its' output tenfold.


  9. #79

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    Quote Originally Posted by TykeMerc View Post
    I'm struggling to understand why some people on this thread feel that home ownership is some kind of human right.

    There are several countries in Europe where renting is very much the norm, pre Thatchers mass sell off of council houses, at least 50% of the UK rented and pre WW2 rental was the norm for a good 80% of the UK population.

    The difference is that instead of wealthy landowners, large institutional and local government organisations being the landlords with rents broadly following the approved Council controlled prices, there are hundreds of thousands of private individuals and tiny companies operating in a "free market".

    Unless something very strange happens the purchase price of houses in this country will remain high to the point of absurdity, BTL isn't going to go away as there's no prospect that the Councils will become massive landlords again and it doesn't seem likely that there will be rent control legislation.
    That is not what I am saying at all.

    In a society that seeks to place frameworks in every facet of human life including housing, it should also provide standards for decent quality, affordable housing. In this society we have, safe, affordable housing should be a basic human right.

  10. #80

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    Quote Originally Posted by AtW View Post
    Having decent accommodation is human right. Whether it's rented or owned is another matter, but the fact is that in this country renting is massively biased in favour of landlords, who can kick out tenants very quickly for whatever reason.
    if you count a minimum of 2 months quickly and court adjudicated decision a restricted number of reasons 'for any' then you are spot on.

    https://www.gov.uk/evicting-tenants/overview

    If it were a human right then any person who was homeless could walk in to the council and demand housing that hasn't been the case for decades.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

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