oh dear (tm): Generation rent: the housing ladder starts to collapse for the under-40

[AtW]

I would add it up:

Full Sky TV package. £50/month

£100+ more like it.

[DimPrawn]

Can you please knock off with the "boomer" BS please?

[AtW]

Bring on World War 3!!!

Cheap property all around!!!

[MicrosoftBob]

£100+ more like it.

Until they learn how to stream TV shows and movies like the rest of the proles

[vetran]

They should give tenants the right to buy their rented property at a knock down price, perhaps the value when they moved in. Then the answer to your first question is simple: the tenants. You don't need a deposit if you can buy the house at 20% off its current value.

Why should the owner of a house that rents it out be forced into giving discount and right to buy.

Following that logic if you are a regular in the pub the landlord should give you free beer.
Or MS should get 50% discount on a Big Mac.

They are operating legally, fairly (mostly) and providing a valuable service.

Renting is a business. 30-40% of people use it, if there are issues with the way the business works then legislate but don't kill it because you will have millions of people to house.

The people that are paying to maintain the housing stock and employing tradesmen will stop doing that, the tax paid on rents will disappear, the costs of emergency housing are incredible and will cripple most councils. If you come down hard on it the banks will foreclose and be the only winners.

Now compared to a landlord renting out their new wife's flat at a fair rent barely covering the mortgage as a pension scheme and a high street bank I know which I would prefer to make a profit.

I say again we need more houses and better control of tenants & Landlords that misbehave.

[AtW]

Until they learn how to stream TV shows and movies like the rest of the proles

Proles want Sky Sports HD!

I've got it too...

[darmstadt]

Consider yourself lucky. When you have a couple of kids in nursery/school and the Landlord decides to terminate your tenancy on a whim (being fully in his rights as an owner) and you have to scramble to find a place nearby with short notice you might change your view.

Wouldn't happen, can't happen. I live in Germany where the laws protect the tenant much more than the landlord

[VectraMan]

Why should the owner of a house that rents it out be forced into giving discount and right to buy.

Why should anybody be forced to do anything for the good of the majority?

If the tenant can buy at the price when they moved in (assuming that was less than the current value), then the Landlord hasn't lost anything other than the increase in value in those years. All the things you say about Landlords providing a service are kind of true, but does that make the Landlord also entitled to make money when house prices go up? They're making money out of the rent; it's that that is the business.

BTL is the worst kind of capitalism. Those with some capital are able to make more whilst making it more difficult for anyone without to move upwards.

[sal]

:snip: the tax paid on rents will disappear :snip:

most BTL Landlords don't pay much tax on rent if at all, which is part of the problem. For that matter i don't believe there is much tax from rents going to the exchequer. Stamp duty on the constant sales and inflated GDP is a different matter.

[vetran]

Why should anybody be forced to do anything for the good of the majority?

If the tenant can buy at the price when they moved in (assuming that was less than the current value), then the Landlord hasn't lost anything other than the increase in value in those years. All the things you say about Landlords providing a service are kind of true, but does that make the Landlord also entitled to make money when house prices go up? They're making money out of the rent; it's that that is the business.

BTL is the worst kind of capitalism. Those with some capital are able to make more whilst making it more difficult for anyone without to move upwards.

You buy an asset and it goes up in value or the money you owe on it goes down as you rent it out.
You rent it out and make money from doing so.
You can claim tax against repairs.
Inflation and the shortage of new ones being built pushes up the value of any that come on the market.

This is terrible capitalism, we should close all vintage dress hire, Vintage car hire, stately homes and hotels immediately.

If they could buy it when they moved in then they should have. Maybe they chose not to, I didn't buy that winning lottery ticket last week I think I should half of the winnings .


Build more houses, let less people in !!!!