Incentives for users to buy my property

carolt

Interesting.

I think the 'buying' mindset is too ingrained in Brits now - though whether a really severe property crash reverses that remains to be seen... Still, years of property !!!!!! shows in the UK have had an effect, obviously.

TBH, I think all it would take is a return to some security of tenure and limitations in rent rises to make renting a home if not for life, then for much more of it, seem very appealing - particularly in the coming climate for house prices. That's what we had in the UK until relatively recently, and what still exists in much of Europe. After all, that's what council housing provides; it's not that people desperately long to live in tower blocks with anti-social neighbours in deprived areas, but for ordinary people, it represents the only form of affordable security around at the moment. If (highly unlikely) we returned to an era where more/higher quality council housing was built and available, that might also change people's calculations re the rent v buy question. But a return to more tightly regulated and secure tenancies seems (slightly) more likely.

Of course - that would hit BTL landlords hard - which includes large numbers of MP's, so I can't see them voting for it anytime soon. :rolleyes:

Still, you never know....

mircea

neas wrote: »

Why is it peopl eare concerned about FTBers now? Last 8 years they been getting shafted sideways by every home owner pushing up house prices.

Now... when they realise FTBers are key.... they want to 'help'... really they only care about selling their house and passing on their overpriced hovel onto some young naive kid.

Wonderful world we live in eh?

Totally agree. And then you think some people on this board, like let's say Pastures New, has already passed on his overpriced hovel and, is now giving lessons on frugality and how to avoid debt, most probably to his own buyers who are mortgaged up to their eyeballs.

mircea

carolt wrote: »

Oooh yes, you're so right.
be made homeless
How could I not be? :rolleyes:

When I was renting, if I couldn't pay my rent the landlord would throw me out making me technically homeless. If you can't pay your mortgage or your rent, you will be made homeless. Or do you know something that I don't?

mr.broderick

mircea wrote: »

When I was renting, if I couldn't pay my rent the landlord would throw me out making me technically homeless. If you can't pay your mortgage or your rent, you will be made homeless. Or do you know something that I don't?

Don't worry mircea there is only pickles who takes her posts seriously....wonder if lampard will be reuinted with the special one next season?

lostinrates

carolt wrote: »

Interesting.

I think the 'buying' mindset is too ingrained in Brits now

it's not that people desperately long to live in tower blocks with anti-social neighbours[ quote]

Just to clarify my experience...its not that all other eu countries people don't buy, thats not quite so...they do, but the tendacy is to own a hoe in a cheaper holiday area and rent, vitally, usually an appartent, in a city.

This is the massive cultural shift. Not just a home owning v renting one but a lifestyle one. We have a different attitude to work and work/life balance in UK. The idea of London and Manchester closing for August like Paris, Rome or Milan is fairly incomprehensible to us, we also use our homes in UK to entertain friends in (not so common a concept in y experience elsewhere) and so our hoes provide ore function for us...in ilan for example, houses alost don't exist, where as, despite the number of house conversion to flats in London a surprising number are still, or have been returned to, houses.

In fact, one could argue the two home system is greener (less commuting traffic, people's city pad is smaller and ore central) and it certainly better for home life (DH finds leaving London at the weekend a real psychological benefit) BUT it doesn't seem at all feasabe in UK, where, while I accept we have not the highest density population in Europe, but certainly a pretty high one.

The fundaental difference in attitude and availbilty effects why property is viewed so differently here, and why foreign investors have invested in UK property in a way they haven't in their home European countries: its not that they don't buy, they DO, but ith a totally different attitude and requirement fro their homes.

mr.broderick

dhassen wrote: »

Why would you want drug addicts to buy your property?

You'd have to be smacked up to buy at the minute

havethis1

lostinrates wrote: »

carolt wrote: »

Interesting.


Just to clarify my experience...its not that all other eu countries people don't buy, thats not quite so...they do, but the tendacy is to own a hoe in a cheaper holiday area and rent, .

Yeah hoe's are sooo last year.... a leaf blowers is what you really want to own

lostinrates

havethis1 wrote: »

lostinrates wrote: »

Yeah hoe's are sooo last year.... a leaf blowers is what you really want to own

LOL, I like it when my typos are funny:D ...I'd prefer they didn't happen though:o

havethis1

lostinrates wrote: »

havethis1 wrote: »

LOL, I like it when my typos smell like fanny:D ...I'd prefer they didn't happen though:o

really?..............nice

wisbech_lad

Here in HK rentals are two years, but with three month notice period (by the tenant if they want to leave after the first year) Which is long enough for stability, but flexible enough. I guess about 60% of the population rents (50% of all housing is the equivalent of council housing in the UK, no sell off or right to buy schemes here!)

Have just renewed ours for another two years. Maybe we will buy next time, but at the moment, not worth it.