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Debate House Prices
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Wow!
Comments
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do you have any actual evidence that a more even distribution of income / wealth
-increases the incomes of the poorest?
-increases the overall income of the country/world?
it's been tried to some extent in places like USSR Chine and Cambodia without the 'expected' positive results.
That's absolutely true, and the left knows it. But they follow the Marxist principle of constant revolution -- ie the reality that whoever gets to be in charge will tend to behave in the same way (the pigs in Animal Farm and all that), and therefore they have to be toppled, only for a new set of "pigs" to take over, and so on. They believe that such an approach optimises the lot of the proletariat. I think it's complete b******s.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
True.
I was thinking more of BTL which I believe has blocked many from becoming owners due to driving up prices on FTB type properties.
Don't think BTL generates any wealth, just shifts it towards towards those that are already quite well off.
If the cash was invested in job creating ventures rather than property, the country would be a lot better off.
1. Around here the youngsters with the cheapest money the world has ever known filling their pockets are outbidding BTL buyers. All a FTB has to do is bid a price which would generate less than a 7% yield and they can own it.
2. Money moves around all the time, why should BTL owners not move money as well? They have moved their money into the pockets of the young family wanting to move up the ladder, haven't they?
3. What cash to be invested in job creation? The elderly persons cash which they need to generate an income? I can tell you now - my company is begging people to come work for it, BEGGING!
Work is out there, just not in football or being a pop singer!Bringing Happiness where there is Gloom!0 -
By the way, I have FOUR cars and don't actually need any ...... I drive my sports cars for fun, if petrol was £25 a gallon I would love it - the roads would be empty and I could really enjoy myself!
Life is too short to deprive yourselves of anything .... I'm just off for the weekend on the coast, will be fishing off my boat this evening, wish me luck!Bringing Happiness where there is Gloom!0 -
PasturesNew wrote: »I've been trying to buy a house and have been told by multiple EAs that landlords are flocking en-masse round every house that's in my price range.
Even the house I bought a LL had already put an offer in on it (and I suspect bought the next one that month too).
Sometimes it sounds to me that I am the only OO buyer in my area.
Most houses I've viewed in the past 6-9 months have appeared as rentals.
The solution is simple - outbid the BTL buyers ..... money is the cheapest it has ever been in the history of man, grab some and buy above the BTL'sBringing Happiness where there is Gloom!0 -
Some interesting data has come out this morning:-
11% of people own a second home or a BTL.
...
think about it for a moment [not perhaps playing to your strenghts, i realise, but bear with me].
the splits between owner occupied, social rental, & private rental households are, very roughly, 60:20:20.
if all BTL landlords only had a single BTL each then 20% of HHs would own a BTL, right?
if BTL landlords on average had about two each then about 10% of HHs [i.e. about your figure] would, right? sounds fairly plausible? chuck a bunch of second homes and, yeah, non-story.FACT.0 -
Money may be cheap, but the criteria to borrow it is a lot stricter for a FTB than a landlord. One has do demonstrate high enough earnings etc etc etc, the landlord only has to show that someone else can afford the rent.The solution is simple - outbid the BTL buyers ..... money is the cheapest it has ever been in the history of man, grab some and buy above the BTL's0 -
3. What cash to be invested in job creation? The elderly persons cash which they need to generate an income? I can tell you now - my company is begging people to come work for it, BEGGING!
Work is out there, just not in football or being a pop singer!
Doing what at what rate of pay? Maybe nobody has the qualifications/experience being asked for .... and/or the job adverts over-egg what you're looking for .... and maybe the salary doesn't pay enough to pay the rent on these BTLs and still have enough left over to pay for transport to get to the jobs.0 -
It's a bit more than 'just maths'.
You make lots of claims that you don't back up, a few people have been questioning you but you never back it up.
How about backing up the below or is it 'just maths' where it doesn't have to be backed up?
If I remember correctly the figure was house prices are 7% higher due to BTL, not sure which study came up with that but I do remember Hamish agreed with it.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Not quite true as BTL actually increases the demand for rental by "outbidding" potential owners and removing properties from owner occupier stock.
No, the issue is the chronic shortage of properties.
As a percentage of housing stock, BTL and social housing is less now than it was pre-BTL.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
The solution is simple - outbid the BTL buyers ..... money is the cheapest it has ever been in the history of man, grab some and buy above the BTL's
I couldn't outbid the BTLs... they have more leverage at their fingertips than me; I am searching at the top of my budget for a house half of what I'd like. An OO is limited by their provable salary - a BTLer uses other tools to 'prove' they can pay it back.
The yield (at 100% occupancy) of what I am buying is about 5% from a LL's perspective.0
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