Home Ownership at Lowest Level for 30 Years

Out,_Vile_Jelly

westernpromise wrote: »

T

Surely they have won this point? Renters remain renters for life except that some now rent from private landlords. What's wrong with that?

Secure tenancies from the Council are a world away from private rents with notice being given at any time. Of course there will always be sink estates as the scum have to live somewhere, but communities benefit from residents having a sense of permanence.

chucknorris

davomcdave wrote: »

If Corbyn wins (:rotfl:) he has proposed rent controls.

https://www.forbes.com/sites/timworstall/2016/05/22/corbyn-mcdonnell-and-labour-propose-the-worst-of-all-economic-policies-rent-control/



Corbyn is 9/2 to be the next PM so, assuming he could get the policy through Parliament, it's about 5-1 or something that rent controls will be imposed on the UK.

Corbyn is 13/2 on betfair. But more to the point, the rent controls that Labour last suggested prior to the last general election were nothing like the rent controls of old.

ruperts

ukcarper wrote: »

Yes but if more people are renting they can't do anything to discourage landlords completely a balance needs to be strict that keeps landlords happy.

Why on earth would keeping landlords happy be a priority? Landlords hoarding homes that could otherwise be made available to buy are part of the problem. Nobody trapped in generation rent has any sympathy for those home hoarders and to think otherwise would be naive in the extreme. As the number of people trapped in rented accommodation swells you can expect aggressive support among those people for policies that make becoming or remaining a home hoarder significantly less attractive.

AFF8879

ruperts wrote: »

Why on earth would keeping landlords happy be a priority? Landlords hoarding homes that could otherwise be made available to buy are part of the problem. Nobody trapped in generation rent has any sympathy for those home hoarders and to think otherwise would be naive in the extreme. As the number of people trapped in rented accommodation swells you can expect aggressive support among those people for policies that make becoming or remaining a home hoarder significantly less attractive.

Why is home ownership a right? Most people work and save very hard in order to be able to afford their first home - and make a lot of sacrifices along the way - too many people have such a huge sense of entitlement without wanting to consider the responsibility that goes with it.... and as for hoarding homes, surely the fact these landlords are making these properties available to live in is helping not hindering?

That said, if rental contracts were made more secure, and rogue landlords held to account / punished, then I think far less would complain about being "trapped in rented accommodation" as you put it.

ruperts

AFF8879 wrote: »

Why is home ownership a right? Most people work and save very hard in order to be able to afford their first home - and make a lot of sacrifices along the way - too many people have such a huge sense of entitlement without wanting to consider the responsibility that goes with it.... and as for hoarding homes, surely the fact these landlords are making these properties available to live in is helping not hindering?

That said, if rental contracts were made more secure, and rogue landlords held to account / punished, then I think far less would complain about being "trapped in rented accommodation" as you put it.

First part of your post is the usual nonsense that gets repeated, the whole "I worked down the mines for 20 hours a day and ate nothing but grit, kids don't know they're born" crap that wilfully ignores the proven fact that deposit requirements are at simply unprecedented levels in terms of affordability and likewise the house price to income ratio has never been higher. Your suggestion that it's just an attitude problem is ignorance of the highest order.

No, hoarding homes and making them available to rent does not help people who want to buy. What it does is raise the prices of homes and make them even more unaffordable. Given that houses are both essential to our survival and in limited supply the immorality of hoarding homes for profit is plain to see.

ukcarper

ruperts wrote: »

Why on earth would keeping landlords happy be a priority? Landlords hoarding homes that could otherwise be made available to buy are part of the problem. Nobody trapped in generation rent has any sympathy for those home hoarders and to think otherwise would be naive in the extreme. As the number of people trapped in rented accommodation swells you can expect aggressive support among those people for policies that make becoming or remaining a home hoarder significantly less attractive.

Because many people want to rent or can't afford to buy and as social housing has been reduced Private rental property is necessary

AFF8879

ruperts wrote: »

First part of your post is the usual nonsense that gets repeated, the whole "I worked down the mines for 20 hours a day and ate nothing but grit, kids don't know they're born" crap that wilfully ignores the proven fact that deposit requirements are at simply unprecedented levels in terms of affordability and likewise the house price to income ratio has never been higher. Your suggestion that it's just an attitude problem is ignorance of the highest order.

No, hoarding homes and making them available to rent does not help people who want to buy. What it does is raise the prices of homes and make them even more unaffordable. Given that houses are both essential to our survival and in limited supply the immorality of hoarding homes for profit is plain to see.

For your information (not that it's important at all), I'm in my 20s and live/work in London. I bought my first place, a 1 bed flat, last year, so believe me I know about the property struggle. But you do seem to have an attitude problem to the whole issue, it makes me wonder why you are so angry. Houses are affordable in vast swathes of the country, you know.

Houses are essential to our survival, yes, but owning them certainly isn't.

ruperts

ukcarper wrote: »

Because many people want to rent or can't afford to buy and as social housing has been reduced Private rental property is necessary

Some people want to rent but they are in the minority among renters. Almost everyone wants the security of owning their own home.

If someone can afford to rent a property then they can afford to make mortgage repayments. There is no such thing as "renting because it's cheaper".

ruperts

AFF8879 wrote: »

For your information (not that it's important at all), I'm in my 20s and live/work in London. I bought my first place, a 1 bed flat, last year, so believe me I know about the property struggle. But you do seem to have an attitude problem to the whole issue, it makes me wonder why you are so angry. Houses are affordable in vast swathes of the country, you know.

Houses are essential to our survival, yes, but owning them certainly isn't.

Houses are affordable outside London if you can take your London salary with you, but usually you can't. Basically everywhere has a house price to local income ratio problem, whether that's in London where incomes are high but house prices are higher, or in some dilapidated town in the north east where house prices are lower but incomes are proportionately lower as well. The numbers are different but the problem is the same.

Personally, I'm actually one of the few 'wants to rent' at the moment. This is likely to change soon and when it does I will be able to afford to buy a house courtesy of having spent many years (and I mean 'many' years) diligently saving. But many people aren't so lucky with getting a steady, decent income and all sorts of things can get in the way of best laid plans. It's for those people, evidently now the majority of those under 35, for whom I sympathise and to whom I'd give my backing any day over another despot home hoarder immorally cashing in on people's desperate need for a roof over their heads.

ukcarper

ruperts wrote: »

Some people want to rent but they are in the minority among renters. Almost everyone wants the security of owning their own home.

If someone can afford to rent a property then they can afford to make mortgage repayments. There is no such thing as "renting because it's cheaper".

In the peak ownership time there were plenty of people who couldn't afford to rent, they used to be accommodated by council housing, now it's a combination of private rental and housing benefit. There are plenty of people who want to rent who could buy just as there are plenty of people who have to rent because they can't buy.