Buy To Let Degradation?

amcluesent

>Before you know it.... private social housing<

But let's not forget that a future socialist government could, on pain of forfeiture, dictate to whom and at what price you could let to. We already have a whispering campaign about 'empty' holiday homes and whether that is acceptable - some easy votes to oblige the 'toffs' to surrender their property to the state. Brown's people have happily stolen private property before, using underhand tricks to take Railtrack from its owners for a cheapy renationalisation.

epz_2

amcluesent wrote: »

>Before you know it.... private social housing<

But let's not forget that a future socialist government could, on pain of forfeiture, dictate to whom and at what price you could let to. We already have a whispering campaign about 'empty' holiday homes and whether that is acceptable - some easy votes to oblige the 'toffs' to surrender their property to the state. Brown's people have happily stolen private property before, using underhand tricks to take Railtrack from its owners for a cheapy renationalisation.

possibly a bad example with railtrack, from what i remeber railtrack had been given 2.6 odd billion of our money a year for a decade and all it managed to do was make profits for shareholders and create an enviroment where nobody could be held accountable for the manslaughter of a bunch of people due to their negligance. any other industry and they would simply let it fold by withdrawing subsidy but because it would have resulted in a trafic meltdown the government took it over.

do they have the take on individuals who arnt costing them anything, i doubt it though it should be mentioned there is a cost in having homes lying empty, not just the lack of council tax but also the damage it does to local services like shops, schools etc which would normally be supported by the folk who should be living there.

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hearts wrote: »

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.

[FONT=&quot]No nonsense this government created the asset boom we now see today. [/FONT]

hearts

Ad wrote: »

[FONT=&quot]No nonsense this government created the asset boom we now see today. [/FONT]

NO THEY DIDN'T. Do you honestly believe that were the tories in charge things would be different now? If you do ,could you please explain what this eutopia would have been like? A few examples of the differences you think we would have from what we have now please.

We arrived where we are today due to a combination of circumstances over generations. No matter who was in government we would still be here. It was always inevitable. Selling council houses didnt help and you cant put that down to the present government.

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hearts wrote: »

NO THEY DIDN'T. Do you honestly believe that were the tories in charge things would be different now? If you do ,could you please explain what this eutopia would have been like? A few examples of the differences you think we would have from what we have now please.

We arrived where we are today due to a combination of circumstances over generations. No matter who was in government we would still be here. It was always inevitable. Selling council houses didnt help and you cant put that down to the present government.

Theres no need to shout! Perhaps the link below will enlighten you...

[FONT=&quot]The Bank Of England ARE not independent as we are led to believe the members are for one appointed by our dear chancellor.

[/FONT]http://boards.thisismoney.co.uk/tim/threadnonInd.jsp?forum=78&thread=73279&message=195744

Romani_Ite_Domum

hearts wrote: »

Do you honestly believe that were the tories in charge things would be different now?

No political bias.

I think a different goverment would have not have cut interest rates at the end of 2005. This goverment has gambled short term gain on a long term unstable economy.

hearts

So good you said it twice ;-)

Whether or not the BOE are independent is irelevant. We are where we are through an inevitable procedure that would always take us to where we are. The government of the day are not the cause whoever they happen to be.

"I think a different goverment would have not have cut interest rates at the end of 2005. This goverment has gambled short term gain on a long term unstable economy"

The economic situation at that tme allowed for and called for interest rate cuts. I don't remember anyone of you posting here at the time saying how foolhardy you thought it was.

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hearts wrote: »

So good you said it twice ;-)

It wasn't intentional I assure you. I think the one reply is sufficient.

Guy_Montag

hearts wrote: »

So good you said it twice ;-)

Whether or not the BOE are independent is irelevant. We are where we are through an inevitable procedure that would always take us to where we are. The government of the day are not the cause whoever they happen to be.

"I think a different goverment would have not have cut interest rates at the end of 2005. This goverment has gambled short term gain on a long term unstable economy"

The economic situation at that tme allowed for and called for interest rate cuts. I don't remember anyone of you posting here at the time saying how foolhardy you thought it was.

Plenty of people thought it was foolhardy, including the BBC's Evan Davis:

"Looking back over the last few years, you could say consumers had a bit of a party and the Bank of England tried to damp it down. They brought out the strong black coffees to sober us up a bit. Cutting the rate again, it's like discovering a couple of unopened bottles of wine in the fridge and saying we can carry on. "

Click me I'm a link

Pssst

The buy to let market is turning the whole property market on its head. It gives access to "nicer" areas where previously they would have been unaffordable. Dont get be wrong ,a lot of tenants are good people but generally,tenants do degrade areas simply because of their transitory nature. It started with terraces. People bought them and let them out. Quickly whole streets were sold as people took flight from the influx of chavs and wreckless single mums and their brats. Now its semi's and new housing. Yes,you too could be flogging your tripe out to pay a mortgage whilst someone who hasnt got a days work in them rents a house next to you and gets most of it paid for on benefits. Near me there is a nice road of cottagy type terraces. Recently an old dear died. A buy to let parasite bought it,refurbed it and let it out to a young brassy blonde tart and her brood. Within weeks the one next door had a for sale sign on it and it has now sold. I wonder if it will be let out too?

There is another aspect to this. Here in Manchester, big housebuilders are looking to build up land banks. It increases their share price. There are areas of previously owner occupied terraces which have been bought up gradually,let out to trash ,the area has been wrecked,they then get boarded up and compulsory purchased. Now heres the bad bit. The councils make a big profit by selling the land to private house builders. In return the house builder builds a percentage of "social" housing for housing associations. Result-nice posh houses for all but some are working night and day to pay a fat mortgage whilst their neighoburs may not have the same ethics. Trouble is,the developer doesnt mention this arrangement when he is selling his homes.

I will get some pictures in my locality of (a) derelict streets of boarded terraces awaiting demolition caused by buy to let parasites and (b) very smart new homes for dolehoppers and hard workers alike,same house in each case.

If i had a buy to let house beside me that was rented to trash,i would get onto the land reg,find the owner and make HIS life a misery. No doubt they can well afford to live somewhere out of range of buy to let, whilst inflicting misery on the rest of us mugs.