House Market Quiet

Crashy_Time

Grenage wrote: »

Increased costs to landlords will obviously result in increased rent.

Really? Where is your evidence for this?

Grenage

Crashy_Time wrote: »

Really? Where is your evidence for this?

Common sense and a life-time of experience?

Crashy_Time

Grenage wrote: »

Common sense and a life-time of experience?

Well we will see soon enough if your wisdom is correct because the PTB seen to have landlords in their sights at the moment.

caronoel

glasgowdan wrote: »

Or put rents up more likely.

That certainly was the experience in Dublin, in the late 90s, when the government crudely removed mortgage interest as a tax allowable expense:
http://www.irishtimes.com/life-and-style/homes-and-property/effects-of-the-bacon-report-not-felt-until-autumn-1.221718

Net result was that both rents and tax evasion increased

The policy was quickly reversed

The same thing is likely to happen here, unless Hammond sensibly decides to reverse Osborne's decision at the next budget

caronoel

Crashy_Time wrote: »

Well we will see soon enough if your wisdom is correct because the PTB seen to have landlords in their sights at the moment.

All the more reason why rents will rise if this crude tax grab goes ahead.

Crashy_Time

caronoel wrote: »

That certainly was the experience in Dublin, in the late 90s, when the government crudely removed mortgage interest as a tax allowable expense:
http://www.irishtimes.com/life-and-style/homes-and-property/effects-of-the-bacon-report-not-felt-until-autumn-1.221718

Net result was that both rents and tax evasion increased

The policy was quickly reversed

The same thing is likely to happen here, unless Hammond sensibly decides to reverse Osborne's decision at the next budget

They had a big property price crash not long after didn`t they?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

They had a big property price crash not long after didn`t they?

What will you do Crashy when your LL decides to pass on the cost to you? Or does your kind LL Never increase the rent.

dlmcr

Grenage wrote: »

Increased costs to landlords will obviously result in increased rent.

Housing benefit £ amounts are set at a governmental level and this is a large driver of rent levels in an area

Government is unlikely to uplift their husing benefit allowances just because landlords want to protect their margin.

caronoel

Crashy_Time wrote: »

They had a big property price crash not long after didn`t they?

Nope - the crash came a decade later.

Please try harder

Jack_Johnson_the_acorn

caronoel wrote: »

Nope - the crash came a decade later.

Please try harder

And the correlation did not equate to causation but that wouldn't fit the simple clowns agenda. :rotfl: