Landlords to blame for Britain's rising house prices

pricedout_1

antrobus wrote: »

There are indeed about 500,000 immigrants that arrive in the UK each year; on the other hand there are also about 300,000 emmigrants that leave the UK each year. Net migration is what counts.

Similarly whilst there might be 800,000 people that move out of the family home each year, there are also about 600,000 who die every year. Again it would be the net figure that counts.

Nevertheless, despite my pedantic insistence on getting things right, you are very much on the right track. If the demographics are such that we have 400,000 extra people every year looking for somewhere to live, and we are only building an extra 150,000 or so homes for them to live in, then of course there's a f...lippin 'chronic' house shortage, and of course prices are going to increase.

Bleating on about BTL ain't gonna change that one little bit.

I agree, but ... demand has always and will always be there. BTL (both foreign and domestic) are to some extent buying cash which keeps prices artificially inflated. I was speaking to a mortgage advisor the other day and he was talking about how the MMR was restricting the multiples of income that are being granted. I put it to him that if the amount that people can borrow is being restricted house prices will come down? He said there are so many foreign investment buyers now that the domestic mortgage market makes very little difference. He mentioned an entire development of new builds in Wembly that were offered to foreign investors before even being marketed in the UK. Is there a case to be made for restricting foreign investment in our "'chronic' housing shortage" ?

CLAPTON

pricedout_1 wrote: »

I agree, but ... demand has always and will always be there. BTL (both foreign and domestic) are to some extent buying cash which keeps prices artificially inflated. I was speaking to a mortgage advisor the other day and he was talking about how the MMR was restricting the multiples of income that are being granted. I put it to him that if the amount that people can borrow is being restricted house prices will come down? He said there are so many foreign investment buyers now that the domestic mortgage market makes very little difference. He mentioned an entire development of new builds in Wembly that were offered to foreign investors before even being marketed in the UK. Is there a case to be made for restricting foreign investment in our "'chronic' housing shortage" ?

what do these foreign buyers do with the property?
leave it empty?
live in it themselves?
let it out?

chucknorris

pricedout_1 wrote: »

I agree, but ... demand has always and will always be there. BTL (both foreign and domestic) are to some extent buying cash which keeps prices artificially inflated. I was speaking to a mortgage advisor the other day and he was talking about how the MMR was restricting the multiples of income that are being granted. I put it to him that if the amount that people can borrow is being restricted house prices will come down? He said there are so many foreign investment buyers now that the domestic mortgage market makes very little difference. He mentioned an entire development of new builds in Wembly that were offered to foreign investors before even being marketed in the UK. Is there a case to be made for restricting foreign investment in our "'chronic' housing shortage" ?

What is 'artificial' about it? The prices are real, in an open market. Yet you ask if there is a case for interfering with the market, bringing in restrictions that would lead to 'artificially' lower prices. Maybe you should look at your motives, it seems clear to me that you are hoping for lower prices for your own advantage.

Cyberman60

Don't blame landlords, blame unfettered immigration. Cut the demand and the supply will naturally increase, reducing rents. Vote UKIP !!

ruggedtoast

Cyberman60 wrote: »

Don't blame landlords, blame unfettered immigration. Cut the demand and the supply will naturally increase, reducing rents. Vote UKIP !!

How will voting for a bunch of xenophobic narrow minded g1ts help the housing crisis?

ruggedtoast

Actually voting for UKIP probably will alleviate a lot of the housing crisis. Anyone with any sense will leave.

antrobus

ruggedtoast wrote: »

How will voting for a bunch of xenophobic narrow minded g1ts help the housing crisis?

Well,

ruggedtoast wrote: »

Actually voting for UKIP probably will alleviate a lot of the housing crisis. Anyone with any sense will leave.

there is that.

But in any case, as I understand it those UKIP fellows want to leave the EU in order to (inter alia) stop the flow of migration from Europe. Given that it is this flow of migration that is responsible for the recent increases in the UK population and a huge contributory factor in this 'housing crisis' of ours, such a position does have a certain logic.

jayson043

4 houses in my street have been let to buy. Everyone seems to be moving to Bristol and Wales due to high rental prices, replaced by new renters that a year later work out life should be more than working to pay rent and either move back to parents or to Wales. Work colleague recently served notice to increase rent. He moved back to live with his g/f parents, several work colleagues have housing issues and they earn good salaries.

Cyberman60

antrobus wrote: »

Well,



there is that.

But in any case, as I understand it those UKIP fellows want to leave the EU in order to (inter alia) stop the flow of migration from Europe. Given that it is this flow of migration that is responsible for the recent increases in the UK population and a huge contributory factor in this 'housing crisis' of ours, such a position does have a certain logic.

Good heavens, somebody else that can apply commonsense instead of blaming landlords. :rotfl:

jjlandlord

'Cutting demand' in relation to immigration means actually sending people back.
Do the people supporting this actually understand the negative impact on the economy?