Right to buy on privately rented homes

westernpromise

DannyGold wrote: »

Let’s hope you can sell before the big falls coming

So that's three logins you're now using.

chucknorris

DannyGold wrote: »

Let’s hope you can sell before the big falls coming

We have already sold (one subject to contract) marginally under £2m worth of investment property in the last 2.5 years, and they only had total mortgages of £245k. So significant equity has already been released. If there are BIG falls, we won't continue to sell, but I do not think that there will be significant falls.

chucknorris

westernpromise wrote: »

So that's three logins you're now using.

It is AG47?

LHW99

There seemed to be some indication that this right to buy would only become available to those who had already been renting from the same landlord for a few years (3?).
a) this is logical else someone could rent a place for say, a week and then expect to buy it.
b) this is illogical because all that will happen is that renters will not get to stay anywhere for a few months less than the qualifying period.

westernpromise

There is also the important distinction that selling off council houses was the state selling its own property whereas this would be the state expropriating private property. Of course, since Corbyn doesn't believe in private property, he doesn't see the problem.

DannyGold

Just the proposal of forcing people to sell their property for less than market value is scary to both foreign-and domestic property owners.

Nothing is secure in this world.

Safe as houses doesn’t mean what it used to

MobileSaver

DannyGold wrote: »

Safe as houses doesn’t mean what it used to

Very true and the real losers would be renters as all that would happen is landlords wouldn't allow tenants to stay for longer than two years to ensure they couldn't take advantage of RTB at year three.

westernpromise

chucknorris wrote: »

It is AG47?

And RealElement47. Although cunning, the repeated use of "47" and the preoccupation with financial quackery gives the game away.

Thrugelmir

sst1234 wrote: »

Yes it’s the daily mail, but is it beyond the realms of possibility where this Labour Party is concerned?

Just one of many ideas. There was an idea to tax property on value rather than rateable value. Luckily this got rubbished. As Corbyn needs to raise tax revenues for his plans. Prepare for the worst.

DannyGold

Thrugelmir wrote: »

Just one of many ideas. There was an idea to tax property on value rather than rateable value. Luckily this got rubbished. As Corbyn needs to raise tax revenues for his plans. Prepare for the worst.

The fact that these ideas are being floated is a stark reminder that anything could happen.

This is why foreign property investors are pulling out of the UK en mass.