Is BTL Immoral?

headcone

P!ss off to the beach and leave us alone. Mate.

Is this a sign of idiocy?

HAMISH_MCTAVISH

Morality has nothing to do with it

92203 wrote: »

It is NOTHING more than statistical conjecture!

Which is a lot more valid than unfounded assertions from a bunch of idiots on the internet.;)

You still haven't answered the question I asked in the other thread Hamish. Please see below and answer accordingly.

Answered in other thread.

Gorgeous_George

P!ss off to the beach and leave us alone. Mate.

If landlords are like prostitutes, tenants must be the kerb-crawlers.

Which one is immoral?

GG

A._Badger

No

I've bitten my tongue so many times on this issue, but here goes. I'm sick to death of young people whining about how difficult they find it to buy a house. How damned difficult do they think it was in the past? Do they imagine that you got to 21 and were handed the keys to a house by your father?

When I bought my first property, in 1970, the mortgage took a vast proportion of a miserable income and my wife and I went without almost everything people today seem to expect as a 'right'. We had no new furniture - we bought two secondhand armchairs for £1.50. We had no new kitchen appliances, save for a washing machine we were given as a wedding present. The cooker cost, I believe, £5 in a junk shop. We had no television. We had no stereo. We didn't buy many new clothes. Our holiday was a week in a cheap B&B in Cornwall. We never ate out.

I work with young people who consider astronomical mobile phone bills, several foreign holidays a year, interminable eating out, endless new clothes, toys, gadgets, clubbing, gym membership and the entire panoply of modern urban life to be the absolute bare minimum they expect - and that they should be able to afford a house on top.

It was never easy. It never will be easy - particularly in a small, overcrowded island like this. It isn't even a necessity that you own a house at all. It certainly isn't a right.

So, please, cut the violins. The self-pity and the naked envy are as tiresome as they are risible.

nembot

HAMISH_MCTAVISH wrote: »

Nonsense.

BTL was only responsible for prices increasing by around 7%. The rest was underlying demographic trends and shortage of supply.

Easy credit was the primary factor allowing everyone who could lie well enough to borrow money for a 2nd property.

The BTL numbers jumped significantly, because of this and suggesting it only added 7% is ridicuous.

The-mouth-of-the-south

A._Badger wrote: »

I've bitten my tongue so many times on this issue, but here goes. I'm sick to death of young people whining about how difficult they find it to buy a house. How damned difficult do they think it was in the past? Do they imagine that you got to 21 and were handed the keys to a house by your father?

When I bought my first property, in 1970, the mortgage took a vast proportion of a miserable income and my wife and I went without almost everything people today seem to expect as a 'right'. We had no new furniture - we bought two secondhand armchairs for £1.50. We had no new kitchen appliances, save for a washing machine we were given as a wedding present. The cooker cost, I believe, £5 in a junk shop. We had no television. We had no stereo. We didn't buy many new clothes. Our holiday was a week in a cheap B&B in Cornwall. We never ate out.

I work with young people who consider astronomical mobile phone bills, several foreign holidays a year, interminable eating out, endless new clothes, toys, gadgets, clubbing, gym membership and the entire panoply of modern urban life to be the absolute bare minimum they expect - and that they should be able to afford a house on top.

It was never easy. It never will be easy - particularly in a small, overcrowded island like this. It isn't even a necessity that you own a house at all. It certainly isn't a right.

So, please, cut the violins. The self-pity and the naked envy are as tiresome as they are risible.

I can see where you are coming from however you where still able to get a house even though you went without for everything else - a large percent of people today can not even get a house full stop.

mobile phones, holidays, eating out etc are small pleasures to being able to afford a home and raise a family.

For some people who have the nerve to buy a 2nd home and let it out is taking advantage of there situation.

boomerangs

Yes

BTL is worse than immoral; depriving normal hardworking people of the chance of owning their own homes is downright despicable. 40% tax on btl isn't enough, bump it up to 90% and see how the pigs squeal.

HAMISH_MCTAVISH

Morality has nothing to do with it

A._Badger wrote: »

I've bitten my tongue so many times on this issue, but here goes. I'm sick to death of young people whining about how difficult they find it to buy a house. How damned difficult do they think it was in the past? Do they imagine that you got to 21 and were handed the keys to a house by your father?

When I bought my first property, in 1970, the mortgage took a vast proportion of a miserable income and my wife and I went without almost everything people today seem to expect as a 'right'. We had no new furniture - we bought two secondhand armchairs for £1.50. We had no new kitchen appliances, save for a washing machine we were given as a wedding present. The cooker cost, I believe, £5 in a junk shop. We had no television. We had no stereo. We didn't buy many new clothes. Our holiday was a week in a cheap B&B in Cornwall. We never ate out.

I work with young people who consider astronomical mobile phone bills, several foreign holidays a year, interminable eating out, endless new clothes, toys, gadgets, clubbing, gym membership and the entire panoply of modern urban life to be the absolute bare minimum they expect - and that they should be able to afford a house on top.

It was never easy. It never will be easy - particularly in a small, overcrowded island like this. It isn't even a necessity that you own a house at all. It certainly isn't a right.

So, please, cut the violins. The self-pity and the naked envy are as tiresome as they are risible.

If I could thank that post 100 times, I would.... :T

Cleaver

P!ss off to the beach and leave us alone. Mate.

The-mouth-of-the-south wrote: »

I can see where you are coming from however you where still able to get a house even though you went without for everything else - a large percent of people today can not even get a house full stop.

At the risk of repeating myself, a higher percentage of people in this country own propety than in the '70s, which is the period A.Badger is talking about.

So if you think a 'large' amount of people can't afford a house today, a 'larger' percentage couldn't afford one then.

92203

Yes

Cleaver wrote: »

At the risk of repeating myself, a higher percentage of people in this country own propety than in the '70s, which is the period A.Badger is talking about.

So if you think a 'large' amount of people can't afford a house today, a 'larger' percentage couldn't afford one then.

Statistically less people in the 18-35 age rage are owner occupiers than 10 years ago. A lot of middle aged people own their own properties as they were fortunate enough to be around when prices were sensible.

I can remember my mates dad, he was a security clerk at a factory, and was able to afford a 3 bed semi. Try getting someone in a similair role to afford a house nowadays and they'd struggle with a studio flat!