Buy-to-let investors: 'Let us off capital gains tax and we'll sell to first-time buye

[PurpleGorilla]

Buy-to-let investors: 'Let us off capital gains tax and we'll sell to first-t...

Houses are affordable in many parts of the country.

Relative to local wages?

http://www.theguardian.com/society/n...to-buy-a-house

[fullyautomatix]

Buy to let should be banned. If someone wants to be a landlord he should buy houses for cash. The idea that you put in 10% deposit and take a mortgage on a property and then rent it out at slightly above your monthly mortgage payments is very perverse and is the main reason why the rents are high. If rents are low relative to home ownership costs, we would have less demand on housing market and there would be realistic prices.

[vetran]

Actually what I want is housing to be more affordable across the board and to remain affordable with tighter lending rules and regulations. Houses should be homes, not assets.

What I don't want is selfish boomers and wealthy foreigners to exploit the market for self gain, in doing so making it almost impossible for future generations to buy.

Build more houses and make sure they are occupied. Let fewer people in.

simple.

BTLs are supplying a service just like McDonalds, if you don't need it don't use it.

[vetran]

Buy to let should be banned. If someone wants to be a landlord he should buy houses for cash. The idea that you put in 10% deposit and take a mortgage on a property and then rent it out at slightly above your monthly mortgage payments is very perverse and is the main reason why the rents are high. If rents are low relative to home ownership costs, we would have less demand on housing market and there would be realistic prices.

you know BTLs are occupied by people? If you sell the BTL they will need a new home.

[PurpleGorilla]

Build more houses and make sure they are occupied. Let fewer people in.

simple.

BTLs are supplying a service just like McDonalds, if you don't need it don't use it.

And who buys the houses?

BTL and foreign investors.

You don't need to migrate to invest.

[PurpleGorilla]

Build more houses and make sure they are occupied. Let fewer people in.

simple.

BTLs are supplying a service just like McDonalds, if you don't need it don't use it.

McDonalds don't throw you out if you complain the toilet is broken.

[VectraMan]

you know BTLs are occupied by people? If you sell the BTL they will need a new home.

Not if they buy the home they let. Which they can't because the BTL'ers have pushed the prices up so much and they can't save for a deposit because rents are so high because of the BTL'ers.

It's the worse kind of capitalism. Those with a bit of capital are able to make a lot more out of making it much harder for those that don't. And so it widens the divisions between rich and poor. It's not even a level playing field as the BTL'ers get a tax break on their mortgage not available to the buyers they're competing with. It's not free market economics; it's the state interfering in the free market to benefit the rich.

They should give all long term tenants the right to buy their house at the value when they moved in.

[vetran]

And who buys the houses?

BTL and foreign investors.

You don't need to migrate to invest.

if there are more houses than people that need them then rents and prices will fall, its simple economics.

Its like Private schools, if there were enough state schools that provided education & opportunities as good as a private school then private schools would disappear.

You know some people rent by choice?

[vetran]

McDonalds don't throw you out if you complain the toilet is broken.

No because that would be illegal, as it is if your landlord does it.

However they call the police if you eat the food and fail to pay for it.

They call the police if your brats draw on the walls or they have a reasonable suspicion you broke the toilet.

They call the police if you threaten their staff.

They call the police if after you didn't pay, threatened them and damaged their property then refused to leave.

[Sysman]

McDonalds don't throw you out if you complain the toilet is broken.

But not all landlords are evil.

Cure the British attitude that all landlords are there to be ripped off and I'm sure many more would be willing to rent properties out.