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Debate House Prices
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Is it time to cap house prices?
Comments
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When the next government is elected they should bring this is straight away.
One bedroom places should be capped at £40K.
Two bedrooms at £60K
Three bedrooms at £80k
Four bedrooms at £100k
Five bedrooms at £120k etc.
Then these are the other rules. Two bedrooms are only for a couple plus one Kid. Three bedrooms are only for a couple and two Kids etc.
Then you also have different areas for what jobs you have, Doctors, Lawyers etc live in the best areas which move down in graduating areas till you get to the druggies and scum.
The best areas have full time Police patrols and you have to show your ID to get into these areas.
The worst areas you let the druggies wipe each other out.
Do you think we could get this to work?
Don't post a lot on here I have to admit, but enjoy reading peoples posts / opinions. However, I have to say that this is the most ridiculous idea I have heard in a very long time!
Is it supposed to be serious??!!£5850 in the rainy day fund - target £9000£575 in OH 40th BDay Account - target £5000 by April 2013 :eek:0 -
Why should I not be able to profit from my rental income? Is it not a business like any other?
NO.
Please see my previous post.
Can't be bothered to go through it all again.
When everyone in the UK has suitable accommodation, so you are not exploiting people's essential need for shelter, then I will regard investing in property as 'a business like any other'. But of course, that wouldn't suit you; as you well know, you only rake in such a profit from BTL BECAUSE it exploits a limited stock of an essential item. If it really was non-essential, your profits would be much less.
Load of parasites. Go and make something useful - actually create something, not just price others out of an essential and limited resource. Then I'll have some respect for your 'entrepeneurial skills', your contribution to the UK economy and the 'risks' that you and other BTL merchants take. Then the UK economy might stand a chance of becoming great again, instead of the basketcase it currently is.0 -
Load of parasites.
The people I supply my products to have no interest ( unlike the bitter you ) in buying their own properties. Without BTL's like myself where would they get places to live in from?
The councils have no interest in supplying homes and the necessary upkeep to make them delightful homes for people to live in.
I do provide an excellant service for my tenants and do not see why I should not make a sensible profit from this, my rents are below current market value and while all my current tenants decide to stay and enjoy the homes I have provided I will not be charging them any more.
Of course when they do decide to move on then I will look at what I charge and if I need to up the prices then so be it, more money to put aside for my nippers.0 -
you only rake in such a profit from BTL BECAUSE it exploits a limited stock of an essential item.
Just spotted this, I thought all you doom mongers said that there is to much stock and that is why prices will never rise again.
Cant believe that you would be contradicting yourself again Carol?:rotfl: :rotfl:0 -
Capping food prices is a deterrent on food production. Less food production means more food shortages and a surge in black market prices. More people would starve... strike the "would" as Zimbabwe is a real world example.If food prices were such that people in this country were starving, of course I would advocate food price caps!
Ditto house prices as suggested by the OP. Cap prices and you reduce the supply and quality of property."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
There is an amazing amount of economic illiteracy out there!
If you cap the price of something then you'll reduce the supply of it. Therefore instead of rationing that item by price, you have to find an alternative way to ration it. In most command economies that is done by the elite having first dibs and the least favoured (because of race or political allegiance usually) getting little or none of that product.
We can see a similar process going on in healthcare if we compare the US and UK. In the US you'll be seen pretty much straight away for medical problems but you have to have insurance or the means to pay unless you fall into one of the groups that qualifies for Medicare or Medicaid.
In the UK, you don't have to pay more than a token sum but generally you'll have to wait to be treated.
Both are forms of rationing. One is market based, the other a form of socialism. You get a vote so if you want socialist housing then you are free to vote for it. I wouldn't fancy waiting around for someone to decide it was my turn for a house though.0 -
So you would market a 4bed house in the east end of Glasgow the same as a 4bed house in the west end of London:rotfl:
Its a non starter i'm afraid as location location location dictates house prices;)0 -
Am I the only one who thought the OP wasnt serious?0
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my rents are below current market value
Not a very sound business plan!0 -
So, out of curiosity, I'm without kids, so if I take a 4 bed house, am I ok to change three of the rooms into a gym, music room and study? And maintain the cap at £40k for this?
This is a great plan
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