BTL'ers are not evil are they??

ukcarper

TickersPlaysPop wrote: »

It worries me that it is only me that can see these things....

Houses are bought, yes.... but what standards of living? Are people and families being forced into smaller houses etc? This is the socially divisive nature of what is going on with the housing market.

Also the joint income mortgage borrowing trap.... many people do this and don't think ahead... get pregnant and then have to turn to parents for child care while both new parents need to return to work within 1 yr of the birth. I know this first hand with a sibling. Again another socially divisive aspect of housing.

Also another direction we are heading is very long term mortgages, if this house price increase continues.... which is unlikely to drop if house building continues to drag. Again a another socially divisive aspect to what is going on.

I'm no communist, or one of the unlucky ones ( or as you like to say... Work shy layabouts). I work hard in a business development company have a home for my family and feel fortunate... but I am disadvantaged with an over active conscious and empathy for those that are less fortunate than me.

There is no evidence that mortgage terms are getting longer. What you seem to not understand is that as there are not many houses for sale it's only the better off that can buy them. What is needed is more property as if there is a shortage it has to be rationed someway in a capitalist society the way that is done is by price.

chucky

TickersPlaysPop wrote: »

It worries me that it is only me that can see these things....

That like a blind person telling a person with perfect vision how to cross a busy dual carriageway.

TickersPlaysPop

ukcarper wrote: »

I used median because it's lower than mean and it shows 50% of single working people could afford to buy an average terrace house and if in a couple a semi. A mortgage of 2x earnings is not on the edge of affordability. That's not to say there are not parts of the country where prices are unaffordable to people on median earnings.

That is very interesting, please can you share a link to the data?

TickersPlaysPop

ukcarper wrote: »

There is no evidence that mortgage terms are getting longer. What you seem to not understand is that as there are not many houses for sale it's only the better off that can buy them. What is needed is more property as if there is a shortage it has to be rationed someway in a capitalist society the way that is done is by price.

I'm not against capitalism or free markets. Competition is good and has benefits such as keeping prices of commodities down. This doesn't happen with the housing market. When prices are down it can be at a time when people cannot buy, such as the 2008 crash, credit was scarce.

What I still feel is not healthy is leaving a huge part of the cost of living open to free market forces, especially when it is complex in nature. There are many factors and variables involved all of which do not mix well with a completely free open market.

We need a housing system in the UK that provides the houses we need at a sensible price without huge increases in value. Then families can build wealth and have something at the end of paying out up to half their earnings for most of their lives.

I don't feel like the banks and government are working to achieve this common sense objective, and they are not interested in this idea.

chucky

TickersPlaysPop wrote: »

I'm not against capitalism or free markets. Competition is good and has benefits such as keeping prices of commodities down. This doesn't happen with the housing market. When prices are down it can be at a time when people cannot buy, such as the 2008 crash, credit was scarce.

What I still feel is not healthy is leaving a huge part of the cost of living open to free market forces, especially when it is complex in nature. There are many factors and variables involved all of which do not mix well with a completely free open market.

We need a housing system in the UK that provides the houses we need at a sensible price without huge increases in value. Then families can build wealth and have something at the end of paying out up to half their earnings for most of their lives.

I don't feel like the banks and government are working to achieve this common sense objective, and they are not interested in this idea.

Would you sell your house at market value when you go to sell?

MobileSaver

lawriejones1 wrote: »

thieving, dishonest and duplicitous individuals who shouldn't be let near an assured tenancy agreement.

That description probably applies to more tenants than landlords.

MrRee_2

chucky wrote: »

Would you sell your house at market value when you go to sell?

This would be the acid test, I suspect they would fail.

I am very interested in the answer that comes back, so, will you sell your home for less than market value to one of your 'deserving' buyers?

ukcarper

TickersPlaysPop wrote: »

That is very interesting, please can you share a link to the data?

Table 8, after download open table 8.7a in is an excel file.


http://www.ons.gov.uk/ons/publications/re-reference-tables.html?edition=tcm%3A77-328216


These are later files than I used figures now higher.

chucky

MrRee wrote: »

This would be the acid test, I suspect they would fail.

I am very interested in the answer that comes back, so, will you sell your home for less than market value to one of your 'deserving' buyers?

They are very good at talking the talk on an Internet forum but when it comes to the real world they do the opposite.

It being a hypocrite or having double standards.

ukcarper

TickersPlaysPop wrote: »

I'm not against capitalism or free markets. Competition is good and has benefits such as keeping prices of commodities down. This doesn't happen with the housing market. When prices are down it can be at a time when people cannot buy, such as the 2008 crash, credit was scarce.

What I still feel is not healthy is leaving a huge part of the cost of living open to free market forces, especially when it is complex in nature. There are many factors and variables involved all of which do not mix well with a completely free open market.

We need a housing system in the UK that provides the houses we need at a sensible price without huge increases in value. Then families can build wealth and have something at the end of paying out up to half their earnings for most of their lives.

I don't feel like the banks and government are working to achieve this common sense objective, and they are not interested in this idea.

I'm not sure why you think the banks should be working towards this they are private companies whose main aim is to make money.


The government has some responsibility but what is needed is more property.