Reply to: Daily Mail top story......

[DimPrawn]

You called?

How many BTL properties you got in your "portfolio"?

[DodgyAgent]

Made themselves rich for doing nothing.

You called?

[DimPrawn]

People who overextend themselves with 2% mortgages are going to be far more vulnerable to rate increases than those who did so when rates were 6-7%.

Made themselves rich for doing nothing.

[AtW]

Property prices will rise indefinitely and credit will always be cheap, so everybody will get rich. Stop being a spoilsport.

People who overextend themselves with 2% mortgages are going to be far more vulnerable to rate increases than those who did so when rates were 6-7%.

[hyperD]

maybe just a 'spare room subsidy' on social housing?

was talking to a friend who is subject to this and he was saying it was completely unfair that an old couple with kids who had left home should be 'turfed out of their home' yet was bemoaning the fact there weren't enough free 3 - 4 bedroom houses.

Possibly!

I think we should remove the pretence of trying to tax people out of their homes under the guise of "fairness" and just kick the doors down, drag them out into the streets and confiscate their properties.

We could call it the 2013 Expropriation Act or something...

[DimPrawn]

I disagree. Prime London will keep going up until there's a house-building program. Simply supply and demand.

Plus:

Every foreign crook can money launder some (significant) cash in London property, and being their "prime residence" means no CGT.

Double boomed!

When you consider how many millionaires there are worldwide, there's plenty of upside to come....

[vetran]

What we need is a nice authoritarian government policy to turf out the oldies in their detached four bedroom houses and force them to downsize and stay in 1-2 bedroom places.

That way we could allow foreign investment to scoop up the empty large housing stock and cause additional demand in the first time buyers market thus raising prices further.

Of course, I'm just speculating...

maybe just a 'spare room subsidy' on social housing?

was talking to a friend who is subject to this and he was saying it was completely unfair that an old couple with kids who had left home should be 'turfed out of their home' yet was bemoaning the fact there weren't enough free 3 - 4 bedroom houses.

[KentPhilip]

Foreigners like London as a place to live or holiday home and are in it for the long run.

True for some, but many foreigners from Euroland have invested in London as a perceived safe haven from Euro worries.
Once the EU collapses, which might come soon, the requirement for that safe haven won't be there, so foreigners will sell their London property, leading to a sharp decline in prices.

[Mich the Tester]

At some point the renting rather than buying model will come back in to vogue and a sensible government will look at creating some solid renting laws which favour the tenant over the landlord.
Buying a house isn't a human right, having a safe roof over your head is (or should be)

Many landlords feel that's already the case.

[hyperD]

What we need is a nice authoritarian government policy to turf out the oldies in their detached four bedroom houses and force them to downsize and stay in 1-2 bedroom places.

That way we could allow foreign investment to scoop up the empty large housing stock and cause additional demand in the first time buyers market thus raising prices further.

Of course, I'm just speculating...

[proggy]

what would you like?

Protected deposit in government scheme with arbitration - Done.

fixed term tenancies during which its difficult to ask a tenant to leave even if they misbehave? e.g.Subletting, illegal behaviour etc - Done

Right to remain 6 months in rented property without paying rent while you try to evict? - Done

Right to fail to pay last lot of rent and cause damage to your property without recourse - done

anything else?


Private landlords aren't a charity. If you want a right to have a roof over your head regardless of behaviour buy a property.

If you are renting then its temporary and you may be moved on even if its not your choice. Try asking SKY to provide TV for six months after you haven't paid the bill or you have been re-broadcasting their content.

Why I would never become a landlord, not worth the hassle for the mediocre returns.

[vetran]

At some point the renting rather than buying model will come back in to vogue and a sensible government will look at creating some solid renting laws which favour the tenant over the landlord.
Buying a house isn't a human right, having a safe roof over your head is (or should be)

what would you like?

Protected deposit in government scheme with arbitration - Done.

fixed term tenancies during which its difficult to ask a tenant to leave even if they misbehave? e.g.Subletting, illegal behaviour etc - Done

Right to remain 6 months in rented property without paying rent while you try to evict? - Done

Right to fail to pay last lot of rent and cause damage to your property without recourse - done

anything else?


Private landlords aren't a charity. If you want a right to have a roof over your head regardless of behaviour buy a property.

If you are renting then its temporary and you may be moved on even if its not your choice. Try asking SKY to provide TV for six months after you haven't paid the bill or you have been re-broadcasting their content.

[sasguru]

what about where you live?

Where I live is just fine, if a bit too quiet for a Londoner

[DodgyAgent]

I disagree. Prime London will keep going up until there's a house-building program. Simply supply and demand.

what about where you live?

[d000hg]

At some point the renting rather than buying model will come back in to vogue and a sensible government will look at creating some solid renting laws which favour the tenant over the landlord.
Buying a house isn't a human right, having a safe roof over your head is (or should be)

The majority of people in London already are renting and paying through the nose for it.