Milliband promises rent controls

buglawton

Yup we might be subject to a noisy, but only a caretaker administration for the next 5 years.

antrobus

cells wrote: »

.... A rent cap, in crude terms I think £1000 should be the max monthly rent in London and it should be less elsewhere. ...

Stone me! Only a couple of days ago you wanted an £800pm cap in London. Now it's £1,000! That's a 25% increase in just two days! How much is it going to be by Christmas?:rotfl:

http://forums.moneysavingexpert.com/newreply.php?do=newreply&p=68286166

antrobus

ukcarper wrote: »

The way I understand it you don't have to increase rents by CPI but I'm sure some landlords will.

IveSeenTheLight wrote: »

I agree, however it it becomes the norm and acceptable that all tenancies are increased by CPI or RPI (whatever the plan), then it essentially changes the marketplace and could drive rents up for all.....

The example of Germany would suggest is that is exactly what will happen, or as one person out it; "Our primary concern is that a system of rent indexations – as proposed by Labour – will only serve to encourage a culture of regular rental increases by providing the basis to legitimately escalate rents on a regular and sustainable basis."

buglawton wrote: »

Yes if this legislation comes to pass I will definitely change my letting policy from no in-tenancy increases to per-inflation annual increases. And I will explain exactly why to my tenants, even quoting the Act. It's simple protection of interests in an adverse situation.

That is indeed the thing.

The irony is that we have an announcement, specifically designed to generate headlines that would make a tenant think 'Oh look, Labour are going to stop my rent going up', that would actually result in the exact opposite being the case.

cells

antrobus wrote: »

Stone me! Only a couple of days ago you wanted an £800pm cap in London. Now it's £1,000! That's a 25% increase in just two days! How much is it going to be by Christmas?:rotfl:

http://forums.moneysavingexpert.com/newreply.php?do=newreply&p=68286166

I think £800 but I was saying that's what the dear MP should have gone with as a round 1000

buglawton

antrobus wrote: »

The example of Germany would suggest is that is exactly what will happen, or as one person out it; "Our primary concern is that a system of rent indexations – as proposed by Labour – will only serve to encourage a culture of regular rental increases by providing the basis to legitimately escalate rents on a regular and sustainable basis."



That is indeed the thing.

The irony is that we have an announcement, specifically designed to generate headlines that would make a tenant think 'Oh look, Labour are going to stop my rent going up', that would actually result in the exact opposite being the case.

What Labour may have misjudged is, the dumbness needed to believe that headline policy will actually make renting easier and the motivation to go out & vote tactically may not coexist in the same brains.

antrobus

cells wrote: »

I think £800 but I was saying that's what the dear MP should have gone with as a round 1000

So by somehow putting your own words into someone else's mouth you are avoiding any responsibility for what you say?:)

And there was I getting the distinct impression that you were just pulling random numbers out of thin air.:rotfl:

Generali

antrobus wrote: »

Stone me! Only a couple of days ago you wanted an £800pm cap in London. Now it's £1,000! That's a 25% increase in just two days! How much is it going to be by Christmas?:rotfl:

http://forums.moneysavingexpert.com/newreply.php?do=newreply&p=68286166

So what if you have a large family and want to rent? Or want to rent in the Centre of London?

Hell, in Central London you can pay a grand a week for a 2 bed flat!

http://www.rightmove.co.uk/property-to-rent/property-47882071.html

It's not even particularly big.

antrobus

Generali wrote: »

So what if you have a large family and want to rent? Or want to rent in the Centre of London?

Hell, in Central London you can pay a grand a week for a 2 bed flat!

http://www.rightmove.co.uk/property-to-rent/property-47882071.html

It's not even particularly big.

I don't believe there was any rational basis for either the figure of £800 or £1,000 a month.:)

ukcarper

antrobus wrote: »

I don't believe there was any rational basis for either the figure of £800 or £1,000 a month.:)

I wonder how those flats would be allocated.

cells

antrobus wrote: »

I don't believe there was any rational basis for either the figure of £800 or £1,000 a month.:)

£1k a month is almost exactly 1/3rd the gross take home average wage in London OR 44% of net pay after income taxes

But the real rational of "the plan" is that it will force the country to fix its housing problem. Such a rent cap would actually result in more homes built in the mid to long term