Good time to bug your MP

[tractor]

...

And that's probably what happened. Thing is it already happens with land anyway so nothing will change.



No they wouldn't, because they don't get any money when rent is high but nobody is renting. Yes they would, you can see it in any city around the country, open your eyes.



What?

You heard me, read the papers.

Sorry added more whilst you were posting.

[Robinho]

That's not a sensible long term strategy though is it.

[tractor]

...

That's not a sensible long term strategy though is it.

I didn't say it was but it has been happening since I can remember and I see no reason for it not to continue to do so. Many banks or pension funds are the culprits. I have a little experience in property systems and see the portfolios. If they cannot get the rent they want, they would rather mothball the buildings than have all the aggro for much less income.

[Robinho]

Anyway i'm sure this debate will flare up again tomorrow, no doubt with the added value of SAS calling me a cretin at every possible opportunity.

[Robinho]

I didn't say it was but it has been happening since I can remember and I see no reason for it not to continue to do so. Many banks or pension funds are the culprits. I have a little experience in property systems and see the portfolios. If they cannot get the rent they want, they would rather mothball the buildings than have all the aggro for much less income.

It's probably a result of a lot of development during the boom and a subsequent slowdown in demand since. Additionally with gov printing money like there's no tomorrow it's worthwhile keeping your money in property.

Property is a pretty slow reacting industry like the titanic so i can't see office owners holding out forever. Eventually it will make sense to accept lower rents.

[doodab]

Property is a pretty slow reacting industry like the titanic so i can't see office owners holding out forever. Eventually it will make sense to accept lower rents.

Not if they won't cover your tax bill and make you money (remember the normal profit you were talking about?). In that case people will sell up, property will rapidly lose value, and your tax base disappears.

[doodab]

He's on my ignore list & you gits keep on quoting the moron.

He's on my ignore list and I keep replying to him.

Doh!

[sasguru]

Endless drivel.

Have you ever considered that the reason your ideas haven't been adopted by anyone in the world is almost certainly because they're crap?
You clearly haven't been educated well, travelled much, owned property or had a family.
You're simply an ignorant fool wallowing in your ignorance like a pig in crap.

[Robinho]

Have you ever considered that the reason your ideas haven't been adopted by anyone in the world is almost certainly because they're crap?

And the policies various governments have put through over the last decade have been just marvellous.

[Robinho]

Not if they won't cover your tax bill and make you money (remember the normal profit you were talking about?). In that case people will sell up, property will rapidly lose value, and your tax base disappears.

That's a pretty flawed sentence, the tax is on land value not property value. Thus if a property loses value then the rent won't change and eventually someone will buy it because the bargain on the property would offset the cost of tax.

If you want to learn more this is a pretty good site Land rent for public revenue