Whoever gets in build some flaming houses!

[Snooky]

that is probably why they want to kill no fault evictions to trap BTL landlords in a losing investment.

Any government can voice platitudes about cracking down on BTL landlords or driving them out, but any profit a landlord makes is liable for tax and, with many landlords having property as a side investment to their main income, it's quite likely to be higher rate tax. Compare that to those same properties instead being owned by the occupier, mortgaged or not, where no tax is paid on the act of owning or living in the home, and you can see why they're just that - platitudes.

Leaving aside the rights and wrongs of the cripplingly high cost of renting, it makes little financial sense for the government to close this revenue stream with nothing to replace it. They've already increased their tax take by withdrawing various concessions to landlords in recent years so they clearly see it as a valuable commodity.

There are far more intelligent ways to improve the housing situation, such as building a lot more social housing (council houses) and then not giving it away for virtually nothing by cracking down much harder on Right To Buy schemes, both of which would naturally decrease demand in the private rental sector and reduce the increase of rent levels. Or how about a very well-thought out law which makes it impossible (either legally or financially) to own a residential property which is not occupied at least 80% of the time, preventing foreign or domestic buyers who see them simply as a long term investment and don't want anyone to live in them?

In my area we had a reasonable amount of council stock but, instead of selling it to tenants at a slightly reduced price, the council offloaded it for virtually nothing to a community housing company - some councillors allegedly making large sums in the process - which has let the housing stock fall into disrepair and is renowned for atrocious management and maintenance. It could be argued that this was a foreseeable outcome of continuous cuts to regional authority budgets from central government, a core Conservative policy.

[vetran]

[QUOTE=sadkingbilly;n4288812]

Now the figures work better up north in Hull you can get a 4 bed house for £100k and £100 a week from four tenants but apart from Uni students and asylum seekers no-one wants to live in Hull.

So unless all the social tenants want to move to Hull or Liverpool no one will be doing BTL.

/QUOTE]

https://www.zoopla.co.uk/for-sale/de...atured_listing

what a pair of buckets.

£120 K then its gone up a bit

https://www.zoopla.co.uk/for-sale/pr...x=4&beds_min=4

[Snooky]

https://www.zoopla.co.uk/for-sale/de...atured_listing

what a pair of buckets.

Talk about cherry-picking. Here are a load of 4-bed houses around Hull for £110k or less: https://www.rightmove.co.uk/property...cludeSSTC=true

And those are the asking prices, the sale price in the current market might be 10-20% lower.

[Paracelsus]

No government will increase housing supply while most voters are homeowners - increased supply = lower prices, everyone who owns property wants to see it rise in value, preferably massively outstripping wage growth, even when it actually harms them (people not in 'final' home who will end up paying more to upgrade in absolute terms, amazing how few people understand this)

Expect instead to see more financial meddling like 0% mortgages, 40+ year mortgages, generational mortgages etc, anything to kick the can down the road. And bigger amounts of money locked up in property, harming the economy.

[vetran]

No government will increase housing supply while most voters are homeowners - increased supply = lower prices, everyone who owns property wants to see it rise in value, preferably massively outstripping wage growth, even when it actually harms them (people not in 'final' home who will end up paying more to upgrade in absolute terms, amazing how few people understand this)

Expect instead to see more financial meddling like 0% mortgages, 40+ year mortgages, generational mortgages etc, anything to kick the can down the road. And bigger amounts of money locked up in property, harming the economy.

My kids need somewhere to live I keep tripping over them!

Slow decrease or stagnation of prices is acceptable. We have just had pay rises so now is the good time to get on the housing ladder.

[WTFH]

My kids need somewhere to live I keep tripping over them!

You mean the ones you raised.

[dsc]

I never understood Britian in terms of housing, if there's such a huge need / demand, why isn't there more housing developers building left / right / centre? You can sell basically anything and make tons of money on it.

[vetran]

You mean the ones you raised.

oh they is no doubt they are mine, - Handsome, clever, witty & stylish!

[vetran]

I never understood Britian in terms of housing, if there's such a huge need / demand, why isn't there more housing developers building left / right / centre? You can sell basically anything and make tons of money on it.

look up land banking.

[Zigenare]

The thing we need to do when we increase population is to provide the resources & services they need, now why the population is increasing whether it be Bozo /JRM having huge families or by people arriving on Visa's or by rubber boat is another issue. The indigenous population has been below replacement level for decades. Population growth is via immigration or children of immigrants nowadays encouraged by parliament.

Would you care to explain where the money is supposed to come from to upgrade our infrastructure?