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Ten steps to release pressure on housing market
Comments
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whaaaat?Graham_Devon wrote: »
1. Build more homes
2. More garden cities
3. Make changes to stamp duty
4. CGT on all house sales
5. Ban or tax foreign investors
6. Annual property tax
7. Tax landlords moe
8. Restrict mortgage lending
9. Fill empty homes
10. All of the above
a ban on immigration too perhaps?
maybe send some people 'home' like anyone who can't prove they are not direct descendent of someone settled pre 1066
that way there will be dozens of homes for everyone0 -
Please let's not start the racist debate again.... we have already established that when we say foreign we are being lazy, and what we really mean is...
People that are non UK resident
There has been debatable activity, particularly in London, where housing profiteers such as Chinese, Russian etc where expensive dwellings have been purchased as an investment only. They then leave the place empty, or rent it out.Peace.0 -
When we say demand for housing... What is the exact detail of the demand
Who comprises the demand?
What % are "buy to live in" purchases?
What % are "buy to let" profiteers?
Something must be put in place to prevent further house price increase while building catches up.
If the buy to let landlord culture is restricted.... Maybe to only 1 extra property per person.... there will be a smaller rental market.
If houses were truly affordable.... What % of current renters would buy? Assuming the market was restricted to only 2 properties per person, and a market that was much more price stable with sustainable growth.
The housing market should not be a free market, housing is not a commodity....
Houses for homes not profiteersPeace.0 -
If you are against house prices increasing you don't want good schools in your local area as they have an effect on house prices going up.TickersPlaysPop wrote: »When we say demand for housing... What is the exact detail of the demand
Who comprises the demand?
What % are "buy to live in" purchases?
What % are "buy to let" profiteers?
Something must be put in place to prevent further house price increase while building catches up too.
If the buy to let landlord culture is restricted.... Maybe to only 1 extra property per person.... there will be a smaller rental market.
If houses were truly affordable.... What % of current renters would buy? Assuming the market was restricted to only 2 properties per person, and a market that was much more price stable with sustainable growth.
The housing market should not be a free market, housing is not a commodity....
Houses for homes not profiteers
If you don't want house prices increasing your against good schools in your local area and children getting a good education as well?0 -
1. Build more houses
2. Implement controlled immigration
3. Change the rule so that tenants can live as long as they are paying rent or not doing anything illegal in the property.
4. Change the culture so that house is seen as a place to live and not as investment.
5. Raise interest rate to normal level (current level is not normal - that's why house price is excluded from inflation calculation).
Problem solved
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
1. Build more houses
2. Implement controlled immigration
3. Change the rule so that tenants can live as long as they are paying rent or not doing anything illegal in the property.
4. Change the culture so that house is seen as a place to live and not as investment.
5. Raise interest rate to normal level (current level is not normal - that's why house price is excluded from inflation calculation).
Problem solved
If 3 was introduced with notice I would sell up, if it was introduced overnight it would force me to consider ways to get rid of my tenants, then sell up. Something that I wouldn't want to do but it would be the lesser evil.
So with notice it would reduce the number of landlords and therefore increase rents, without notice it is going to cause friction between landlords and tenants. I don't see why it has to be increased to a possible lifetime, why can't it be increased to say 3 years? That way the tenant has longevity and the landlord isn't tied up forever. In our case (without children) we would effectively lose the ability to access the capital value and have no heirs to pass it on to.
By the way where are these tenants that want multiple years' tenancy, not once in in 23 years of being a landlord with multiple properties have I been able to find a tenant that wanted a contract longer than 12 months.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
...3. Change the rule so that tenants can live as long as they are paying rent or not doing anything illegal in the property....chucknorris wrote: »If 3 was introduced with notice I would sell up, if it was introduced overnight it would force me to consider ways to get rid of my tenants, then sell up. Something that I wouldn't want to do but it would be the lesser evil.....
Well yes, that's what happened the last time it was tried.0 -
1. Build more houses
2. Implement controlled immigration
3. Change the rule so that tenants can live as long as they are paying rent or not doing anything illegal in the property.
4. Change the culture so that house is seen as a place to live and not as investment.
5. Raise interest rate to normal level (current level is not normal - that's why house price is excluded from inflation calculation).
Problem solved
the more essential the product/service the more we need the benefits of a competitive market place.
this will bring more investment, innovation, and price competition and more effective use of the available properties and land.
however without effective reform of the planning laws we will continue to suffer low building levels.0 -
TickersPlaysPop wrote: »Please let's not start the racist debate again.... we have already established that when we say foreign we are being lazy, and what we really mean is...
People that are non UK resident
Does that mean the approx. 5.5 million British citizens living abroad lose their right to own UK property?
http://news.bbc.co.uk/2/shared/spl/hi/in_depth/brits_abroad/html/Don't blame me, I voted Remain.0 -
3. Change the rule so that tenants can live as long as they are paying rent or not doing anything illegal in the property.
I think you'll find that is called Social Housing, and it already exists albeit in nowhere near enough quantity.
There has to be a better way to reform/change the rental market without such a draconian step.
Landlords should be encouraged to be more socially aware, and to accept responsibilities beyond just making themselves a nice profit.
It's the entire culture surrounding renting that needs to be assessed and altered.'In nature, there are neither rewards nor punishments - there are Consequences.'0
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