New housing white paper

GreatApe

CLAPTON wrote: »

What is your objective?
why do you want unlimited immigration?
why do you want London to be a majority foreign born city?

I'm happy to answer your questions if you answer mine

westernpromise

GreatApe wrote: »

The population is down on the decade and so are prices so your theory and Clapton theory says that ownership should have boomed right? Well wrong. Ownership is down in Middlesbrough.

Probably both ownership and prices are down because nobody wants to live there, i.e. both are effects of a single cause. In the same way, London prices and population are up because everybody wants to live there.

westernpromise

Conrad wrote: »

I invested in Berlin and am familiar with the market. Institutional rent provision is commonplace as are long term rental contracts which institutions are apt to cope with.


Seems a very good model to me.

The problem will be when the institutions start expecting the same tax treatment as they get in Berlin, i.e. they write off the building against rent and thus pay very little tax. I can't see any UK chancellor liking that one.

chucknorris

westernpromise wrote: »

The problem will be when the institutions start expecting the same tax treatment as they get in Berlin, i.e. they write off the building against rent and thus pay very little tax. I can't see any UK chancellor liking that one.

Exactly what my thoughts were.

anchovypizza

chucknorris wrote: »

I think immigration will reduce after leaving the EU, and possibly dampen London house prices, and it is one of a few reasons (there are others) why I am now starting to sell up.

Yes, how much is your fairytale imaginary porfolio worth these days

chucknorris

anchovypizza wrote: »

Yes, how much is your fairytale imaginary porfolio worth these days

You know what foxy, I think you actually know that it is real, but jealously is making you irrational, you just can't help yourself can you :rotfl:

If my portfolio isn't real, why the previous posts (examples below) about how you dislike landlords like me etc:

anchovypizza wrote: »

I hope that you lose your shirt in the next few years

Society does not need people like you in it, and yes we do need rental property in the UK

anchovypizza wrote: »

Take the word YOU and change it to LANDLORDS

You = Landlords

Have you got it yet?

So why don't you make your mind up whether my portfolio is real or not, then stick to one line of argument, before you embarrass yourself even more.

michaels

White paper looks like another in a long line of non-events.

I am as capitalist as the next man but I think the people of the UK are being conned over the proportion of income we end of having to spend on housing compared to the cost of providing housing.

Still we are British so I don't suppose there will ever be a revolution.....

GreatApe

michaels wrote: »

White paper looks like another in a long line of non-events.

I am as capitalist as the next man but I think the people of the UK are being conned over the proportion of income we end of having to spend on housing compared to the cost of providing housing.

Still we are British so I don't suppose there will ever be a revolution.....

maybe you mean 'I think the people of London are being conned over the proportion of income we have to spend on housing'?. As you can buy a house for two ha penny in stoke and much of the north, wales, scotland, NI and much of the midlands.

In much of those places a starter terrace costs less than the local poor stock so whats the problem?

GreatApe

There is absolutely no housing problem in the uk, most the regions are so cheap that you would pay less buying a private starter terrace home than you would pay on rent for the local council poor persons housing scheme.

The problem of lower ownership is not due to price or higher population, else stoke on trent or middlesborough with lower populations and cheap houses would have 110% ownership. the problem is that 10-15% of households who earn their bread from the black/grey economy who were able pre 2008 to buy via self cert mortgages no longer are

This does not mean we could not strive for even better, just like cars are fantastic and fantastic value but we still produce better models each and every year. However that is another debate on how to move away from small new builds to larger ones

GreatApe

michaels wrote: »

compared to the cost of providing housing.

what is that cost?

Are you talking about the sky high margins builders earn? something close to 6-7 percent (TW 2009-2015) on a cyclical business that should be looked at over a medium term?