Why are we building flats for foreigners?

leveller2911

CLAPTON wrote: »

yes indeed I did';
and of course you have thought about it and have reflected how it was possible for all those clever civil servants and politicians didn't realise that which is obvious to you


why are you so offended, are you a civil servant?

From the way it read to me you were sniping at Grizzlys post. If It wasn't meant that way I aplogise.

I'm not a civil servant, but if I was I would be...:D

grizzly1911

CLAPTON wrote: »

HB was based on the local 'average' rent.

Anyone compete with a little arithmetic ability will realise the inevitable rise in rents that is built into that system ... think about it.

I don't need to it is blindingly obvious so I am sure it wouldn't have evaded all our eminent "leaders". No doubt they took it as the easy way out. yet another short term solution in the catalogue of political and corporate myopia.

gazter

leveller2911 wrote: »

But we already have a form of "price control" in the form of HTB schemes. Without these schemes most of the current rise in property prices(London aside) wouldn't have happend and would have continued to fall. Panic sets in when people see the value of the house they live in falls. Theres absolutely no logic to it ,just a feel rich factor.

People can't have it both ways either we have a totally free market in which case property prices would form their own level dependant on the state of the economy at that time or we go the whole hog and limit price rises.

This halfway house we currently have is not the answer and IMO neither is 100% mortgages.

We do have it both ways as we have neither a free market or total controlled prices. We have a mixture and have done for decades.

Things arent black and white.

gazter

CLAPTON wrote: »

HB was based on the local 'average' rent.

Anyone compete with a little arithmetic ability will realise the inevitable rise in rents that is built into that system ... think about it.

Yes, the flaw in the LHA mechanisms, it positively encouraged rent inflation, as the percentile award created a floor as well as a ceiling, that floor resulted in the following year a rise as landlords raise their rent to this floor , as the new calculation would show the next year this raising of the floor pumped up the amount.

gazter

CLAPTON wrote: »

yes indeed I did';
and of course you have thought about it and have reflected how it was possible for all those clever civil servants and politicians didn't realise that which is obvious to you


why are you so offended, are you a civil servant?

How do you know that this information wasnt given to the decision makers but they ignored it?