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Private Landlords to Evict up to 200,000 tenants because of benefits cuts
Comments
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Let's just say that if it leads to landlords selling up to redress the balance, I won't be weeping.
And if they do, supply will shrink, and rents will rise again.
And given that the entire impact of all BTL for the last few decades only boosted house prices by 7.5%, you won't see a big fall in house prices if a few months supply trickles onto the market over a year or so from these landlords selling up.
Sounds like a lose/lose situation for you carol. Needless to say, I won't be weeping.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
IveSeenTheLight wrote: »Ignoring all the impacts will not make them go away.
It's akin to puttin gyour head in the sand
I think you misunderstood my 'no'. I was agreeing with your last sentence.0 -
HAMISH_MCTAVISH wrote: »
Sounds like a lose/lose situation for you carol. Needless to say, I won't be weeping.
How typical of you to personalise the debate Hamish.
Nice to know you'll be jumping for joy at any misfortune coming my way.
You could just cut out the middle man. Sod house prices. Why not just post a stream of personal invective. That way you can make me miserable without needing to wait for slow economic forces to work (or not), and you can get your rocks off.
Sad !!!!er.0 -
IveSeenTheLight wrote: »It's akin to putting your head in the sand
.................Carolt....................
"LA LA LA LA LA LA LA LA LA LA"“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Well done Hamish. Keep it up.
Show the world what a pathetic tos5er you are.0 -
Nice to know you'll be jumping for joy at any misfortune coming my way.
As you've been jumping for joy at any misfortune coming the way of property owners.you can make me miserable without needing to wait for slow economic forces to work
No thanks. You do a good enough job of that yourself.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
What a nasty piece of work you are.
I hope your employer is happy with you posting abuse in work time.
Still, it fits - abuse your employers trust, abuse fellow posters.0 -
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This article:
http://www.timesonline.co.uk/tol/news/politics/article6973993.ece
shows clearly that some rents were being paid for out of the old system that were simply made-up numbers by landlords milking the system for all its worth. There's no way the landlord "being paid £2,875 a week for a seven-bedroom house in the north London borough of Brent" under the old system would now find a private renter either rich enough or enough of a mug to pay that out of their own pockets.
Clearly bonkers.
Likewise the "claimant in the east London borough of Hackney, who is receiving £900 a week for a seven-bedroom house".
There is no doubt that inflated LHA figures encouraged inflated rents. Not supported by the fundamentals - no private tenant could or would match those figures.
I recently read on here a poster talking about a friend of theirs whose landlord was turfing them out of their rented property to get a higher rent from a tenant on benefits, as the LHA was set so high in that area and the greedy landlord thought he could get more (this was just before the budget announcement re new limits on LHA). Ha ha. Bet the landlord's feeling a bit of a prat now - lost a very good reliable tenant, but won't get the extra rent he was hoping for now.
No - the new moves will clearly act to bring down rents overall - excellent news.
Ha I bet that LL is not the only one quaking in their boots now.
Its ironic that the most reliable tenants who pay the most are those who dont pay the rent themselves.
You could understand LL`s wanting LHA claimants because they could get more money. Not any more.
There is no doubt that the crazy old system pushed up rents and with them house prices. These cuts are going to help with the correction in rents and house prices.0 -
HAMISH_MCTAVISH wrote: »And if they do sell up, supply will shrink, and rents will rise again.
How do you work that one out?
Maybe you are thinking they will sell to someone who will leave the house empty? OK yes then you would be right.0
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