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A little time bomb under UK buy-to-let housing - Maybe
Comments
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PasturesNew wrote: »What will happen is a swift S21 and a new inbound tenant who has a bit more money and just sucks it up.
Or, if DWP research is to be believed, it might simply incentivise the tenant to get a bl00dy job.
P.S. I only read the executive summary.:)
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/385970/benefit-cap-analysis-of-_outcomes-of-capped-claimants.pdf0 -
Ironic that the BTL landlords who probably voted Conservative will be the first to suffer, while the tenants will get evicted and need re-housing.....
It's even more ironic that Labour support the benefit cap.
Labour will be tougher than Tories on benefits, promises new welfare chief
http://www.theguardian.com/politics/2013/oct/12/labour-benefits-tories-labour-rachel-reeves-welfare...Still in the short term Cameron will have lots more immigrants coming into the country who will be more than willing to live in these empty houses.
Why would there be "lots more immigrants coming into the country" with Cameron in charge, compared to (say) the late-lamented Two Kitchens in charge? Is there something you're not telling us? 0 -
Housing benefit has pushed up rents, if it's cut then rents will fall.
High housing benefit payments have pushed up rents all round so even those paying rent out of their own pocket have to pay more than they would if not for high housing benefits
It's very true. Everyone will be affected by housing Ben being reducedHTB = Help to Bubble.0 -
It's even more ironic that Labour support the benefit cap.
Labour will be tougher than Tories on benefits, promises new welfare chief
http://www.theguardian.com/politics/2013/oct/12/labour-benefits-tories-labour-rachel-reeves-welfare
But Labour will not be making the decisions, Cameron will take all the credit and all the blame.
Why would there be "lots more immigrants coming into the country" with Cameron in charge, compared to (say) the late-lamented Two Kitchens in charge? Is there something you're not telling us?
Well Cameron (a man with even more kitchens) said he would cut immigration in the last five years (no ifs no buts) so it will continue increasing until he takes us out of the EU, when we will have a pool of displaced workers looking for cheap accommodation. Of course it will always be Labour's fault:)Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Killerseven wrote: »Housing benefit has pushed up rents, if it's cut then rents will fall.
High housing benefit payments have pushed up rents all round so even those paying rent out of their own pocket have to pay more than they would if not for high housing benefits
Conventional economic theory says that if you take away a subsidy, prices fall.
However, conventional economic theory would suggest to me that price elasticity of demand for housing is very high, i.e. a large change in price leads to a small change in demand, so the reduction in HB might not have a huge impact on prices.
Time, as ever, will tell.0 -
I thought with that with inelastic commodities, large price changes or consumer income cause less change in turnover, e.g. petrol, food.
Elastic goods/services by contrast can show a big change in demand with a moderate price change or change in consumer income/ability to obtain credit e.g foreign holidays, luxury electronics.0 -
But Labour will not be making the decisions, Cameron will take all the credit and all the blame.....
Sadly (for some) that was indeed the conclusion of the recent election. Perhaps that's 'good news' for those on benefits, given the promise that "Labour will be tougher than the Tories when it comes to slashing the benefits bill"....Well Cameron (a man with even more kitchens) ....
Do you know that for a fact, or are you just making it up, because the find the Two Kitchens joke embarassing? As far as I'm aware there is only one kitchen at the flat at 10 Downing Street, which is where I believe Cameron lives these days...said he would cut immigration in the last five years (no ifs no buts) so it will continue increasing until he takes us out of the EU, when we will have a pool of displaced workers looking for cheap accommodation. ....
I know. Politicians can be quite silly at times....Of course it will always be Labour's fault:)
Of course it's Labour's fault. Haven't you been paying attention to what Ed 'we got it wrong on immigration' Miliband has been saying?:)0 -
Sadly (for some) that was indeed the conclusion of the recent election. Perhaps that's 'good news' for those on benefits, given the promise that "Labour will be tougher than the Tories when it comes to slashing the benefits bill".
No evidence that this is true, it is just speculation.Do you know that for a fact, or are you just making it up, because the find the Two Kitchens joke embarassing? As far as I'm aware there is only one kitchen at the flat at 10 Downing Street, which is where I believe Cameron lives these days.
Well he has two in his West London home
http://www.express.co.uk/news/politics/564383/LIVE-STREAM-Prime-Minister-David-Cameron-Interview-BuzzFeed
So that is three if you are right, although Chequers has a few.
Of course his country pad near Chipping Norton must have at least a couple of kitchens too.:)Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
But Labour will not be making the decisions, Cameron will take all the credit and all the blame.
Labour won't be making policy at all it seems.Almost a half of newly-elected MPs are linked to Unite, and the union makes clear its backing comes at a price, saying in an internal policy document: ‘We will be very serious about expectations in relationships.’
Seems as if Labour are the disunited party currently.0 -
No evidence that this is true, it is just speculation.....
Of course it's "speculation". We can only speculate what a hypothetical Labour government might or might not do. On the other hand, it is a fact that Rachel Reeves said that "Labour will be tougher than the Tories when it comes to slashing the benefits bill"....
Well he has two in his West London home
http://www.express.co.uk/news/politics/564383/LIVE-STREAM-Prime-Minister-David-Cameron-Interview-BuzzFeed
You should have actually read that source you quoted.:)
"The point is not whether you have got two kitchens, but whether you have a photocall in one of them and pretend it's your kitchen. That's the issue."
Makes the point rather well, I think.:rotfl:0
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