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Debate House Prices
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Wow!
Comments
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Not really a good analogy. If there was such a restricted supply of DVDs that fewer and fewer people could afford them...
Yes, that's obvious.
I was merely responding to Bantex' drivel.I know landlords who are paying around £75.00 per month in mortgage interest on places they are renting out for £900 per month.
£75 per month I/O you say? Can you give a bit more info? Value of property? Rate? Term?
I'm sure you can provide these as you're so close with those landlords that you know their mortgage costs. Cheers.Don't blame me, I voted Remain.0 -
I think some sort of rent control will come in time
The problem with introducing rent controls is that it doesn't resolve the root cause and could indeed result in a significant impact on the number of available rental properties.
Decent landlords could end up with the business model not being worthwhile, meaning they leave the market either reducing the rental stock (when there is a need for more) or transferring to other Landlords who may offer alternative business models which maintains returns without necessarily the same quality.because social housing is not being built and housing benefit is soaring.
This is the root cause. Not enough rental housing.
The governments stance is to promote private rentals as they cannot afford to instigate a social housing building bill.
Further government policy tinkering to try and avert a situation caused by social housing sell off will not resolve the matter and likely to make it worse, which is why Cameron opposes it and Milliband is political eering a situation as he sees his party's chances at the next election diminishing.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
The couple we rent to would not be able to buy a house unless prices dropped by around 90% (which would require a very different world to the one we live in).
As such, we're not stopping them buying, just allowing them somewhere to live (with a three-years tenancy) until their situation improves.
We ourselves would not have wanted to buy until a year-ish before we did - we weren't settled.
Not everyone wants to buy now.0 -
Property bought 18 years ago for around £50k. Now worth around £250k. Lifetime tracker at 1% over base IO, last renewed on 25 year basis 2007. LHA property is around £850 per month.mayonnaise wrote: »Yes, that's obvious.
I was merely responding to Bantex' drivel.
£75 per month I/O you say? Can you give a bit more info? Value of property? Rate? Term?
I'm sure you can provide these as you're so close with those landlords that you know their mortgage costs. Cheers.
Any more info required, I will ask.
Sorry, just checked and LHA is now over £1000 per month. (1 bed flat in lewisham)0 -
Property bought 18 years ago for around £50k. Now worth around £250k. Lifetime tracker at 1% over base IO, last renewed on 25 year basis 2007. LHA property is around £850 per month.
Any more info required, I will ask.
Sorry, just checked and LHA is now over £1000 per month. (1 bed flat in lewisham)
So the message from this is that there is such a shortage of rental properties that LHA (social housing) are pricing the market so high.
Isn't it coincidental that the property summarised was bought at the complete trough of the market in 1996 and remortgaged at the best time in 2007. Do you honestly think we will swallow that bullsh!t?
Out of interest, is there another product example where you can pay prices from 18 years ago for a current product?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Property bought 18 years ago for around £50k. Now worth around £250k. Lifetime tracker at 1% over base IO, last renewed on 25 year basis 2007. LHA property is around £850 per month.
Any more info required, I will ask.IveSeenTheLight wrote: »Isn't it coincidental that the property summarised was bought at the complete trough of the market in 1996 and remortgaged at the best time in 2007. Do you honestly think we will swallow that bullsh!t?
He probably does.
It's not the first time our dear Bantex was found out to be telling porkies.
We're still awaiting some clarity on that other thread where he claims there are thousands of acres of unused government land within the M25.Don't blame me, I voted Remain.0 -
Are you disputing the figures?IveSeenTheLight wrote: »So the message from this is that there is such a shortage of rental properties that LHA (social housing) are pricing the market so high.
Isn't it coincidental that the property summarised was bought at the complete trough of the market in 1996 and remortgaged at the best time in 2007. Do you honestly think we will swallow that bullsh!t?
Out of interest, is there another product example where you can pay prices from 18 years ago for a current product?
Evereybody was remortgaging every two or threes years inthe mid 2000s as you could get better and better deals so nothing unusual, and if you check, that was the average price for a flat in the area up to around 2000 when prices took off.0 -
Are you disputing the figures?
Evereybody was remortgaging every two or threes years inthe mid 2000s as you could get better and better deals so nothing unusual, and if you check, that was the average price for a flat in the area up to around 2000 when prices took off.
Can you answer the question I askedOut of interest, is there another product example where you can pay prices from 18 years ago for a current product?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I know landlords who are paying around £75.00 per month in mortgage interest on places they are renting out for £900 per month.Property bought 18 years ago for around £50k. Now worth around £250k. Lifetime tracker at 1% over base IO, last renewed on 25 year basis 2007. LHA property is around £850 per month.
As you were using the plural landlords, I assume those other landlords also - coincidentally - bought in the middle of the trough?
It's amazing though, the amount of financial detail you have about people you describe on here as parasites. It's stuff I don't even know about my closest friends.
But ok, I believe you. :rotfl:Don't blame me, I voted Remain.0 -
not sure what your question means, but if a bought a car 18 years ago I would not expect to be able to hire it out at current rental prices.IveSeenTheLight wrote: »Can you answer the question I asked0
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