Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

BTL is in desperate need of reform

1356719

Comments

  • JonnyBravo wrote: »
    All in favour of longer tenancies if desired. All in favour of landlord registration or the like.
    Rent controls? No thanks. I charge less than market rent and don't want to be stopped upping it to market rates, (or above!) if I so choose.
    Yes, I'm with you on this one.

    The article is only a suggestion. Rent control increases linked to inflation is only one idea. Maybe it could be linked to RPI, average rents, LHA, house prices, etc etc etc.
  • DervProf
    DervProf Posts: 4,035 Forumite
    julieq wrote: »
    It's a deeply flawed analysis. The BTL opportunity only exists because there is a shortfall between home creation and home building. That is what needs to be fixed. Anything else is just Canute style tinkering on the shoreline.

    I very agree* with that.



    *Can you "very agree" with something ? Well I just did anyway.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    And given what I just very agreed with, the debate might move on to - If the shortfall is to continue, how is best to handle BTL for the benefit of the country ? Is it right/fair to encourage/discourage or leave BTL to pure market forces ?

    This could get interesting.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    The article is only a suggestion. Rent control increases linked to inflation is only one idea. Maybe it could be linked to RPI, average rents, LHA, house prices, etc etc etc.

    Really? Gee thanks.
    Was it not OK for me to comment on the suggestion of regulating the increase on rent?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    It is about time that 'accidental landlords' were given tax relief on their rental income from primary residence. This would allow people to rent out their property and rent elsewhere in times of market malfunction without being heavily penalised.

    Good lord no.

    Have a look at the house buying and renting board. Accidental landlords sometimes don't even know the basic requirements, asking questions such as "do I have to provide a gas safety certificate then?" and "Ive rented my house out, what am I required to do" after they have already got tenants in.

    I'm not saying each case is like that, but there are plenty of questions over there to suggest it's already an issue.

    You want to make this sort of practice even more attractive? It's this sort of thing that creates the BTL and renter divide in the first place.
  • JonnyBravo wrote: »
    Really? Gee thanks.
    Was it not OK for me to comment on the suggestion of regulating the increase on rent?

    Put your dummy back in. I was just commenting on your comment. Broadening the debate. I didn't realise that yours was the voice of ALL reason!

    The point is that rent control, as such, doesn't have to be bad for either landlords OR tenants.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Put your dummy back in. I was just commenting on your comment. Broadening the debate. I didn't realise that yours was the voice of ALL reason!

    The point is that rent control, as such, doesn't have to be bad for either landlords OR tenants.

    ha ha, my dummy is back in thanks.
    Agreed it could be fine for both. However I'd suggest regulation of anything is toothless (eg regulation of energy markets) or simply doesnt work (eg mortgage markets).
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    You mean untrained, unqualified, unregulated letting agents?

    Well! regulate them then :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Wouldn't this be open to abuse and difficult to police?

    EDIT: Just noticed that you said 'short term'.

    Not at all, each national insurance number would be entitled to one property rental, free of tax on rental income.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • JonnyBravo wrote: »
    ha ha, my dummy is back in thanks.
    Agreed it could be fine for both. However I'd suggest regulation of anything is toothless (eg regulation of energy markets) or simply doesnt work (eg mortgage markets).

    Well, we've already had regulated rents under the rent act, which worked perfectly well (and still does for a few remaining rent act tenancies). We also have regulated rents, as such, within the social housing market. It's not a case of re-inventing the wheel.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.3K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.9K Work, Benefits & Business
  • 617.1K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.