Housing...

Sir BoD

Well-Known Forumite
It doesn't matter how many houses they build. The more well off will just keep buying them then renting them out. If I hear another person on 'Homes under the Hammer' mention that they've bought a property at auction so they can add it to their portfolio of existing properties I might just crawl into a corner (rented) and weep. :angry:
 

andy w

Well-Known Forumite
It doesn't matter how many houses they build. The more well off will just keep buying them then renting them out. If I hear another person on 'Homes under the Hammer' mention that they've bought a property at auction so they can add it to their portfolio of existing properties I might just crawl into a corner (rented) and weep. :angry:
Yet would they be able to rent them out at such lucrative prices if there wasn't the demand?
Indeed it makes me want to weep how Buy To Let was encouraged which further turbo charged house prices in the 00's and priced out young people from buying their own homes. We are going from a nation of owners to renters.
 

tek-monkey

wanna see my snake?
Many EU countries rent rather than buy and have no issues. Of course they have lower rent, and much better rights as tenants, but they are minor!
 

cj1

Well-Known Forumite
anybody else think the goverment should place an additional tax on the income generated from privately renting a residential property. or charge duty on the purchase price of a property if rented out within a set time scale say 25 years payable by the property owner before any rent can be collected. buy to let is keeping house prices artificially high forcing ordinary people to rent pushing up rental demand and rental prices. making buy to let even more profitable so more investers enter the market and so the cycle continues.
 

Gramaisc

Forum O. G.
anybody else think the goverment should place an additional tax on the income generated from privately renting a residential property. or charge duty on the purchase price of a property if rented out within a set time scale say 25 years payable by the property owner before any rent can be collected. buy to let is keeping house prices artificially high forcing ordinary people to rent pushing up rental demand and rental prices. making buy to let even more profitable so more investers enter the market and so the cycle continues.
It matters little what we think - landlords have a vote and there's quite a few of them. The pressures on whatever Housing Allowance is called today has effectively reduced what really amounts to a subsidy for landlords. It's portrayed, for political purposes, as money given to tenants, but, of course, it's only "resting in their account" (if at all) before it's passed to the landlord.

It's expensive to be poor.
 
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