Wow!

MrRee_2

I suggest that those who cannot compete in a free market, leave, and go live in North Korea!

The UK is a place where winners win, as it should be.

Anyone can make their way with some effort ........

Percy1983

CLAPTON wrote: »

you make no sense

where do you expect these people to live, given you have repeatedly said that you want to massively reduce private rental property.

where do you want them to live?

are you denying that there are immigrants arriving in the UK each year that will not qualify for mortgages or can buy their own home outright?

where do you expect them to live ?
the net figures are irrelevant unless you expect the people leaving to sell their house to evil landlords to provide for the immigrants.


are you denying that young people move out of home into private rented accommodation which you totally disapprove of and want massively reduced?
if my figure is wrong what do you estimate it ?
yes I know that they flat share but they are in the evil landlord properties.

where would they live if small rental businesses were destroyed

I am missing something?

10 houses, 4 have people who want/need to rent and 6 have people forced to rent.

reduce rental stock by 60%.

The 6 forced to rent are oo's and there is still 4 rental properties for those who want/need to rent.

Generali

Percy1983 wrote: »

I am missing something?

10 houses, 4 have people who want/need to rent and 6 have people forced to rent.

reduce rental stock by 60%.

The 6 forced to rent are oo's and there is still 4 rental properties for those who want/need to rent.

How do you decide the 4 & the 6?

wotsthat

Percy1983 wrote: »

I am missing something?

10 houses, 4 have people who want/need to rent and 6 have people forced to rent.

reduce rental stock by 60%.

The 6 forced to rent are oo's and there is still 4 rental properties for those who want/need to rent.

Yes you are missing something.

People aren't forced renters because they've decided to rent until such a time that their landlord sells up. Possibly they should be within your need/ want to group as well.

There's no such thing as forced renters. If they want to buy but can't then they need to rent.

Percy1983

Sorry for picking random numbers off the top of my head to prove basic maths.

My point is rental stocks could be reduced and it would be a good thing.

I will be honest I will say I don't at what point the correct balance would be achieved.

CLAPTON

Percy1983 wrote: »

I am missing something?

10 houses, 4 have people who want/need to rent and 6 have people forced to rent.

reduce rental stock by 60%.

The 6 forced to rent are oo's and there is still 4 rental properties for those who want/need to rent.

ok in the real world rental properties tend have more people living in them that the equivalent OO property

so your 10 properties : lets say 4 people each live in them ; say 2 couples in a two bed places i.e. 40 people in total.

lets say 6 are bought by FTBers and so live there as a single couple

so 6 properties now have 2 each i.e. 12 and the remaining 28 must now squeeze into the remaining 4 houses i.e. 6.5 people each

unless of course more properties are built.


my other point is you seem to think that rental businesses are basically evil and parasites:
In my view they are essential to provide accommodation for the many people who, at any moment in time can't reasonably buy
i.e. the 4-500,000 new immigrants every year
-young people moving out of home for the first time
-as well as the poor or unfit in some way

the majority of these people won't be permanent renters but rental property provides an essential requirement for a few years whilst they save a deposit, establish themselves in a job, decide the area they want to live in etc.
Where do you think they should live
-own funded OO housing
-state funded OO housing?
-state provided rented housing?
-private sector housing?

Percy1983

I am not buying your occupancy argument, I say this from what I see.

All the friends I know how are forced to rent are all couples, when they buy they will buy together so 2 renters become 2 oo’s.

So going back to my simple example, the house with 5 in who want to rent could continue to do so and the forced renter couples could buy.

To be sure my term forced renter is used for the ones who could/would have bought if LL’s hadn’t bought up so much property. I don’t think the entire rental market is the root of all evil but the size and exploitation of it is. I am not calling for it to be stopped and I am calling for it to be controlled, short term this is legislation which means renting doesn’t mean you can be kicked out with 2 months notice because a stranger feels like it or be price jacked because a stranger wants a new 4x4, of course longer term get building and dare I say get a handle on immigration.

CLAPTON

Percy1983 wrote: »

I am not buying your occupancy argument, I say this from what I see.

All the friends I know how are forced to rent are all couples, when they buy they will buy together so 2 renters become 2 oo’s.

So going back to my simple example, the house with 5 in who want to rent could continue to do so and the forced renter couples could buy.

To be sure my term forced renter is used for the ones who could/would have bought if LL’s hadn’t bought up so much property. I don’t think the entire rental market is the root of all evil but the size and exploitation of it is. I am not calling for it to be stopped and I am calling for it to be controlled, short term this is legislation which means renting doesn’t mean you can be kicked out with 2 months notice because a stranger feels like it or be price jacked because a stranger wants a new 4x4, of course longer term get building and dare I say get a handle on immigration.

I'm surprised

so in your view and based on your personal knowledge

-all renters are couples renting a one bed flat
and
-and when they buy they only buy a one bed flat too

or maybe that they previously rented a 2 bed place and then bought a 2 bed home etc?

if you say that's true in your observation then I must believe you but I know personally people in flat shares and house shares (some of whom are couples and some not)
and I know of people in small rental places buying 2/3/4 bed properties

there may be very good reasons why rental tenures and rules ought to be changed but rental property is essential for millions of people even if only for a few years while they establish themselves in the work place and save a deposit.

IveSeenTheLight

Percy1983 wrote: »

I don’t think the entire rental market is the root of all evil but the size and exploitation of it is. I am not calling for it to be stopped and I am calling for it to be controlled

Did you realise that BTL has only Partially filled the void created by the RTB sell off.

As a percentage, social and private housing is lower now than it was pre-BTL.

there is a need for more rental properties, which the government is driving for the Private sector to fill.

You may find this summary helpful
https://www.gov.uk/government/policies/improving-the-rented-housing-sector--2/supporting-pages/private-rented-sector

Private rented sector

The private rented sector has grown and improved enormously in recent years and accounts for approximately 16.5% of all households, or nearly 3.8 million homes in England.

The private rented sector offers a flexible form of tenure and meets a wide range of housing needs. It contributes to greater labour market mobility and is increasingly the tenure of choice for young people.

The government wants to see a bigger and better private rented sector and believes that the most effective way to make rents more affordable is to increase the supply of new homes.

We are investing £1 billion in a Build To Rent Fund, which will provide equity finance for purpose-built private rented housing, alongside a £10 billion debt guarantee scheme to support the provision of these new homes; and up to 30,000 additional affordable homes.

In October 2013, we published our response to a recent select committee report on the private rented sector. Our response sets out an ambitious package of proposals to ensure all private tenants get proper protection from their landlords. This will include:

• raised standards on the condition of rented properties
• greater protection for tenants against hidden agency fees and improving tenants’ access to longer-term family friendly tenancies

In addition, a new model tenancy agreement is being developed, which will provide tenants with a clear guide to rental contracts. This will enable tenants to identify which clauses in their agreement are optional or unique to that property, helping them to negotiate longer fixed-term tenancies and demand greater certainty over future rent rises.

We are also supporting consumers by requiring all letting and property management agents to become members of an approved redress scheme - so consumers can complain and seek compensation if agents’ fees are not transparent. Legislation will be in place by October 2014.

In the few areas where there is bad practice, £4.1 million has been allocated to 23 local authorities to tackle rogue landlords, in addition to the £2.6 million the government has pledged to crack down on ‘beds in sheds’.

£10 billion housing debt guarantees for private rented housing
The private rented sector housing debt guarantee scheme supports the building of new homes for the private rented sector across the UK, offering housing providers a government guarantee on debt they raise to invest in new privately rented homes. This will help to reduce their borrowing costs, increasing the number of homes they can afford to provide.

The debt guarantee is designed specifically to attract investment into the private rented sector from fixed-income investors who want a stable, long-term return on investment without exposure to residential property risk. The scheme rules for the private rented sector housing guarantee scheme were published in February 2013.

The government is open for direct discussions with interested parties that are eligible in line with the published scheme rules and can raise their own debt finance. We will be looking for applications that comply with the scheme rules and can demonstrate:

• a solid management structure
• suitable asset cover
• a viable exit strategy
• robust rental demand
• are clear on where and how they will raise the debt

Please email housingguarantees@communities.gsi.gov.uk if you would like to discuss a specific proposal.

The government has recently issued an invitation to tender inviting applications from the market from organisations capable of sourcing funding and on-lending it to borrowers in line with the scheme rules. Further detail about this opportunity is available by registering on the procurement portal.

Private Rented Sector Taskforce
The expert Private Rented Sector Taskforce has been established by the government to improve quality and offer a wider choice to tenants living in privately-rented accommodation across the country.

The taskforce brings together developers, housing management bodies and institutional investors to help them provide more housing for private rent and to increase the size of the sector.

The taskforce is headed by Andrew Stanford. Andrew was Mangaging Director and founder of Stanford Mallinson, a property and asset management company, and was formerly Head of Cluttons Residential.

CLAPTON

IveSeenTheLight wrote: »

Did you realise that BTL has only Partially filled the void created by the RTB sell off.

As a percentage, social and private housing is lower now than it was pre-BTL.

there is a need for more rental properties, which the government is driving for the Private sector to fill.

You may find this summary helpful
https://www.gov.uk/government/policies/improving-the-rented-housing-sector--2/supporting-pages/private-rented-sector

given that rents are at an all time high, one has to ask why the government feels the need to fund private sector rented accommodation.