BOE's prority must be preventing another housing boom.

shortchanged_2

wotsthat wrote: »

There will be more people per house to help pay the rent and, like it or not, people will have to get used to an increasing proportion of income being spent on accomodation and therefore less on other things.

So are you envisaging a return to a Victorian era in the UK again?

wotsthat

shortchanged wrote: »

So are you envisaging a return to a Victorian era in the UK again?

I don't know how far it'll go but I definitely see housing wealth being concentrated further amongst the rich.

the_flying_pig

there's a bloke on the comments section expressing the exact same, rather unusual [so much so that I struggle to believe there are two entirely seperate people in these islands who hold them], set of views, as a certain scotsman on this board.

calling himself ConcernedFTB.

shortchanged_2

wotsthat wrote: »

I don't know how far it'll go but I definitely see housing wealth being concentrated further amongst the rich.

With your vision I predict riots and revolution in the air.

Jimmy_31

wotsthat wrote: »

There will be more people per house to help pay the rent and, like it or not, people will have to get used to an increasing proportion of income being spent on accomodation and therefore less on other things.

Its like you want everybody to kick off:)

The people of this country will not slave away their whole lives to rent a 5hit flat.

It can only go on for so long till people say fcuk it, lets start breaking things

Graham_Devon

wotsthat wrote: »

I don't know how far it'll go but I definitely see housing wealth being concentrated further amongst the rich.

That may be the case. But it would be extremely difficult for the rental sector to continue to hide away from proper regulation, as seen in other EU countries if investors outpace homebuyers.

I think you underestimate the growing resentment and pressure to regulate the market properly.

May not be a political concern right now, as it's not palitable to prices...but more tenants = more pressure for votes.

wotsthat

Jimmy_31 wrote: »

Its like you want everybody to kick off:)

The people of this country will not slave away their whole lives to rent a 5hit flat.

It can only go on for so long till people say fcuk it, lets start breaking things

I don't want anything to kick off. I've got a nice house and the last thing I want is for it to be taken away after the revolution.

That said I don't think my prediction is that left field either - we're already seeing pure investors owning a bigger proportion of the property market.

Interesting times ahead.

wotsthat

Graham_Devon wrote: »

That may be the case. But it would be extremely difficult for the rental sector to continue to hide away from proper regulation, as seen in other EU countries if investors outpace homebuyers.

I think you underestimate the growing resentment and pressure to regulate the market properly.

May not be a political concern right now, as it's not palitable to prices...but more tenants = more pressure for votes.

The government of the day will need to walk a fine line between imposing measures to keep the voters happy and ensuring that it's still worth the landlord providing accomodation.

It's not as if the government are in the business of providing accomodation directly to compete with the private sector.

Percy1983

The bigger problem is we need to get people seeing houses as homes again.

Right now to many people (owners and landlords) see them as cash machines.

The bigger problem is people do seem to roll over and take it in this country. Just look at Sky TV, half of the business they run involves taking things away from people and them charging them for it and people just pay. (Luckily as an F1 fan I can watch RTL, rather than giving them a penny of my money).

Conrad

shortchanged wrote: »

The thing with this train of thought is that I believe that rental yields are already pretty much maxed out.

Rent demand is robust when credit is harder to come buy.
Whilst some LL's chase yield, I can assure you'all that plenty are more than happy that a mortgage is slowly repaid by a tenant, yield isn't a word they have any notion of.