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Debate House Prices
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Ban BTL landlords from buying new builds
Comments
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We need to accept that one of the flaws in the system is that London/South East property market is much more buoyant (with a tendency to over-heat) compared to other parts of the country.
Ideally, that would point to Government policy that was regionally targeted... but we don't seem to see that.0 -
Cornucopia wrote: »We need to accept that one of the flaws in the system is that London/South East property market is much more buoyant (with a tendency to over-heat) compared to other parts of the country.
Ideally, that would point to Government policy that was regionally targeted... but we don't seem to see that.
the problems of a common currency and common interest rates
maybe north of watford should join scotland and create a separate state with its own currency and financial and fiscal policies.0 -
grizzly1911 wrote: »cheap lending now requires suitable deposits but cheap and or guaranteed funds are still been made available to the lenders
In tiny quantities, a small fraction of the required size for a healthy market, and nowhere near enough to fulfil the demand from creditworthy people who can afford the repayments.and eligible borrowers.
Ahhh, you mean the few left after mortgage rationing has been implemented to shrink the pool of creditworthy borrowers that can afford the repayments down to meet the much smaller pool of available funding.
Right you are.;)“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 -
Graham_Devon wrote: »Wouldn't be a new build at that point though?
Ok so if you don't count it as a new build once it has been bought once then all that happens is someone sets up an intermediary company to buy the properties off plan and flip them to landlords.
In order for any "no renting out" rule to be effective it would need to be in place for a significant length of time after the property is built otherwise the rule is just an inconvienence for landlords to circumvent.0 -
chewmylegoff wrote: »Ok so if you don't count it as a new build once it has been bought once then all that happens is someone sets up an intermediary company to buy the properties off plan and flip them to landlords.
In order for any "no renting out" rule to be effective it would need to be in place for a significant length of time after the property is built otherwise the rule is just an inconvienence for landlords to circumvent.
True. I guess that rule would be part of the package though. Like you say, would be silly to do it without it.
There are already rules as such for plenty of housing association type properties, amongst other rules.0 -
many understood that the reduced volume of sales since 2008 was due to the effective shortage of mortgage finance
Nothing to do with the price greedy land owners are demanding for land, planning regulations, affordable housing requirements, sustainability etc?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Nothing to do with the price greedy land owners are demanding for land, planning regulations, affordable housing requirements, sustainability etc?
certainly our mad planning rules are a major factor in price of housing as is availability of mortgages.
calling land owners greedy is rather infantile.
most people will maximise their wealth and income according to market conditions.
it is for the government to implement land value taxes, introduce capital gains tax on farming land, to allow more land to be zoned for building and to fund social housing and infrastructure directly from taxation0 -
Graham_Devon wrote: »True. I guess that rule would be part of the package though. Like you say, would be silly to do it without it.
There are already rules as such for plenty of housing association type properties, amongst other rules.
all depends upon what one's priorities are
do we wish to encourage more house building?
or is the priority to use housing as a means of reducing the wealth gap even if it means fewer houses being built.?0 -
certainly our mad planning rules are a major factor in price of housing as is availability of mortgages.
calling land owners greedy is rather infantile.
most people will maximise their wealth and income according to market conditions.
it is for the government to implement land value taxes, introduce capital gains tax on farming land, to allow more land to be zoned for building and to fund social housing and infrastructure directly from taxation
Sorry I thought you inferred on another thread that "greedy" landowners were partly to blame.
I am not suer why taxation on land is required, particularly active viable farmland. By all means zone it for development and oil the wheels of potential development. Even buying the land at a fair price, call it CPO+ and arranging for sustained release to developers in line with phased infrastructure releases. Utilising part for social housing funded by the tax payer."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
HAMISH_MCTAVISH wrote: »In tiny quantities, a small fraction of the required size for a healthy market, and nowhere near enough to fulfil the demand from creditworthy people who can afford the repayments.
Ahhh, you mean the few left after mortgage rationing has been implemented to shrink the pool of creditworthy borrowers that can afford the repayments down to meet the much smaller pool of available funding.
Right you are.;)
You and I will always have differing views of creditworthiness. Yours revolves around the applicant having a pulse."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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