Milliband promises rent controls

CLAPTON

padington wrote: »

You need to grow a civilisation, it's an organic process. If people want to work for the jobs you can provide at a profit to the nation, let them. If you can't make a profit, question your business model.

well, we are welcoming 500,000 new immigrants each year so we can look forward to increasing wealth and happiness.

that's a relief.

padington

CLAPTON wrote: »

As you already know our national debt has increased as the number of immigrants increased

That was because of a poor business model that failed to utilise its workers to make a profit. We have a universe to explore with unlimited resources to find and a wealth of amazing products to one day bring to market. We just need the right systems in place which namely don't pay people to sit on their backside.

... Or a system which doesn't encourage pouring all our energies into renting the roof over our head with no security of tenure to then not be able to afford a decent deposit to then have to pour even more of our national energy into paying a very large mortgage.

CLAPTON

padington wrote: »

That was because of a poor business model that failed to utilise its workers to make a profit. We have a universe to explore with unlimited resources to find and a wealth of amazing products to one day bring to market. We just need the right systems in place which namely don't pay people to sit on their backside.

... Or a system which encourages pouring all our energies into renting the roof over our head with no security of tenure.

Oh I see, it high house prices that have stopped us exploring the universe
plus a lack of workers

padington

CLAPTON wrote: »

well, we are welcoming 500,000 new immigrants each year so we can look forward to increasing wealth and happiness.

that's a relief.

With the crap current business model it will take a long time to get out of this mess regardless of how many able bodies willing to work for UK Plc sadly.

However at the moment, it is a case of - a little bit more, the merrier.

padington

CLAPTON wrote: »

Oh I see, it high house prices that have stopped us exploring the universe
plus a lack of workers

Do you know what, why don't you demolish London, grow carrots and kick everyone out but you and let you sign on.

That will Pay off the national debt quick time

Not.

CKhalvashi

padington wrote: »

Your argument makes no sense. In your world all we would need to do is reduce our working population which would then reduce our costs and help is pay us back our national debt.

Taken to extremes it seems you would like the UK to have no working population at all.

It's a complete nonsense argument.

The problem isn't immigration, it's a lax benefits system which stupidly gives money away without expecting people to work for that pay and a failure to build, causing a monopoly for landlords to easily exploit the system.

Or an even bigger problem could be guaranteeing £billions of mortgage debt for anyone that can scrape together (in my area) about £10k to buy their first home (guaranteeing another £40k) instead of spending that same £40k (that will probably have to be paid out anyway with house prices as they are) on around 50% of an affordable home.

Either way it could be a guarantee for a bank, meaning that the government isn't out of pocket unless there's a huge problem, however the affordable housing way of doing things is (IMO) much less of a risk.

padington

CKhalvashi wrote: »

Or an even bigger problem could be guaranteeing £billions of mortgage debt for anyone that can scrape together (in my area) about £10k to buy their first home (guaranteeing another £40k) instead of spending that same £40k (that will probably have to be paid out anyway with house prices as they are) on around 50% of an affordable home.

Either way it could be a guarantee for a bank, meaning that the government isn't out of pocket unless there's a huge problem, however the affordable housing way of doing things is (IMO) much less of a risk.

The issue about building really comes to planning permission. However turning a field we might grow carrots into one we might build some nice future properties on turns the land into gold. The best solution in my mind is to open some areas up for development but let the state benefit from this windfall mainly which creates a profit to pay back the national debt.

... and get those on benefits to start building and ban 'unemployment' and aim for a truely full employment society. You take the Kings penny and you're able bodied, you work for it.

When we get the national debt back to a place of safety, then we can once again think about paying people to sit on their back side, until then, no.

Equally if you're working and doing the right thing, let's support you, if that means protecting your back in a monopoly like situation with rents, let's do what we can.

The only long term solution is however to build.

stator

It's about time someone tackled the slumlords in this country. They've been getting away with ripping off the poor for far too long. I don't believe all the apocolypse stories. The world won't implode from rent controls. If it helps put off a few of the have a go BTL landlords then all the better, more houses will move back into the owner occupier sector.

jamesd

stator wrote: »

It's about time someone tackled the slumlords in this country. They've been getting away with ripping off the poor for far too long.

Nothing in this proposal is specific to slumlords, though it can be expected to decrease spending on repairs and maintenance due to reduced margins, as always for rent controls wherever they have been introduced.

What it is in general is an attack on tenants of reasonable landlords, who face the prospect of automatic rent increases written into their tenancy contracts where before it was something that landlords would have to usually need to ask for and negotiate for, knowing that they risked losing their tenant if they did it. It's bad news for tenants in most of the country, where rent increases if they happen at all aren't high, sacrificing them to reduce increases in London.

Just more of the "lets write the laws for the SE and forget the rest of the country" from our politicians.

michaels

stator wrote: »

It's about time someone tackled the slumlords in this country. They've been getting away with ripping off the poor for far too long. I don't believe all the apocolypse stories. The world won't implode from rent controls. If it helps put off a few of the have a go BTL landlords then all the better, more houses will move back into the owner occupier sector.

There are more people per property in private remtals than owner occupied so in your scenario there will be more pressure on the remaining stock of rental properties. What do you think this will do to rental prices?