Buy To Let Degradation?

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keeperbear wrote: »

In another thread (on FTBers) YOU documented your own decision to rent rather than buy. By doing so, you have created your own insecurity and have fuelled the BTL market. You cannot blame any government for your own personal choice. Many countries are experiencing economic growth fuelled by consumer deby, not just the UK. You can buy a house. Many of us did. Rather than sit around calling landlords a cancer and hoping for a house price crash, why don't you think long term and buy a house? Your choice.

We live in a capitalist society, and people are free to invest their money where they see a profitable opportunity. Investing in BTL is the same as buying shares on the stock market. If you don't like BTL, so what? But don't blame BTL for "the death of aspiration" in this country. BTL provides a pension vehicle that is not in the hands of an incompetent pension company. People are fed up with being ripped off by pension funds, so that is why BTL is booming. As demand for properties increase, so does the price. Whining about it does no good. I for one, do not want to live in a socialist/communist state where multiple property ownership is outlawed. If multinational companies can own multiple properties without criticism, why can't average joe public? BTL is here to stay, and any government that tries to regulate the housing market will be unelectable.

I would prefer to own a home above renting. My previous post was more misdirected through frustration than anything else.

Ultimately your reply doesn’t make it right and the consequences will come to rest on all of our shoulders.

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auntie_brenda wrote: »

Pressure on council waiting lists = demand for private housing. Coupled with cheap housing for sale = business opportunity in my eyes, not 'a cancer on society' - or would you call all small businessmen that?

Not all business are ethical and the huge increase in rampant speculation and landlordism isn’t to the benefit for the majority of this country regardless of their financial gains. I wouldn’t personally mix the words small business and property speculator together.

I will add and say what has been previously reported that in many cities in the country property speculators have been sitting on empty homes deliberately holding them off the market fuelling further house price inflation.

auntie_brenda wrote: »

'It’s this present government that is at the core of the social ills we ALL now face.' - again, I'd say this was under the Tories, the 'loadsamoney' & 'no such thing as society' & 'I'm all right Jack' attitude encouraged then might have been ok when it was restricted to people earning plenty. However, it filtered down to some of the poorest who soon also wanted it all & therefore had it all - by way of stealing it or getting it on credit.

With the Tories you knew they were evil but one had a little more optimism from a socialist government.

auntie_brenda wrote: »

INHO it's the lack of responsibilities coupled with demand for 'rights' that's the problem here - and I say again this started under the Tories. However, Blair et al have done nothing to improve the situation

When Labour came to power Gordon Brown said there would be no more return to the boom and bust days of the Tory government. Gordon Brown has created an addiction to credit to fuel his so called miracle economy.

Only recently have we started to see a growing realisation amongst journalists and newspaper editors that Gordon Brown’s economic miracle is not all that he has promised, and that he is likely to leave a trail of destruction in his wake as his desperate gambles with the British economy begin to unravel over the coming few years.

This will effect everyone of us in one way or another.

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Moorepart wrote: »

BTL will be letting to less and less desirable tenants, as the poo gets nearer the ventilator..These "luxury" new builds are
the sink-estates of the future. :eek:

Correct a carefully controlled plan at privately owned social housing for the future. I pass such places everyday and you can see the decay.

do_it_today!

Question does owning your own (well you and the bank) home make you more responsible and housepride?
because this is what this and many other threads sound like? Basically we ALL have a choice in how we live I have known homeowners who have lived in squaler and many houseproud folk who rent. A house is a home whether you rent or mortgage payment Community spirit, time and self respect is what is lacking these days - we can all do our bit by perhaps....
not moving so often
saying hello to people in your street and immediate neighbours
making an effort - like the op - demonstrated by painting the outside of their house their neighbours followed suit. We all have a responsiblility to raise the quality of environment. For example we have had some scrambler bikers riding up and down the street on the weekend by calling the police they no longer ride up and down the street - other people might have said... whats the point and would have just put up with it!
we can all make some difference! (especially if we cant afford to move to where we presume we would like to go!)

wecanhelpu

"All that is needed for evil to triumph is for good men to do nothing"

Edmund Burke 1729-1797

do_it_today!

Ad wrote: »

Correct a carefully controlled plan at privately owned social housing for the future. I pass such places everyday and you can see the decay.

Well that seems to be the plan
sell off current stock
stop building new stock
outsource management of current stock to housing Associations
knockdown old stock / tower blocks
introduce choice based lettings (ie let people find their own accommodation whereever they want and pay rent via Housing benefit)

Before you know it.... private social housing Im too young but does anyone know was that what it was like all those concrete 1950's tower blocks?

do_it_today!

Also does anyone think social engineering works?

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do_it_today! wrote: »

Well that seems to be the plan
sell off current stock
stop building new stock
outsource management of current stock to housing Associations
knockdown old stock / tower blocks
introduce choice based lettings (ie let people find their own accommodation whereever they want and pay rent via Housing benefit)

Before you know it.... private social housing Im too young but does anyone know was that what it was like all those concrete 1950's tower blocks?

Of course these places are pension plans. The question is how desirable a pension fund will it prove to be when it comes to cashing in the chips?

Nenen

Ad wrote: »

With the Tories you knew they were evil but one had a little more optimism from a socialist government. .

I couldn't agree more... :T :T :T
In my naivity when labour were first elected I really though that a supposedly socialist government with a pledge of 'education, education, education' would have made things better but IMHO it is worse today than it has ever been for teachers, parents and most importantly of all, pupils. A socialist government who were themselves mainly educated thanks to a grammar system and a full grant to go to university have now pulled the ladder firmly up behind them!:mad: They have continually brought in under-researched and unworkable changes based on spurious 'expert' advice whilst totally ignoring the wishes of teachers and parents. With Tories at least they stab you in the front!

hearts

Ad wrote: »

It’s this present government that is at the core of the social ills we ALL now face. The social and economic consequences of rampant house price speculation will affect us all.

Don't talk nonsense. What you say about rampant house prices is probably true, but to think its the fault of the present government is just silly and/or the ravings of a delusioned tory. Do you really think that had we had a tory government for the last few terms things would be any different? Not at all. The only difference would be, we would have some labour supporter on here blaming them instead.