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Work or be homeless!
Comments
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Squatnow - what i feel i ADD to the system is a service, (which used to be provided by local government) ie - i risk my capital to buy a property to provide a home for someone who (up to the Right to Buy) would have been able to easily rent from the council. I make a small return each month - (you would not believe me if i told you the average "profit" on a two-up two down in this current market - and no i am not complaining.)
Even if you are buying houses for cash (which few BTLers do) you are still not risking your capital... house prices rise and fall in an easily predictable, well documented 18 year cycle.
I should point out that my problem isn't with landLORDs as such, is with the land SPECULATORS. It is impossible to lose money as a land speculator unless you are spectacularly stupid. With a well known 18 year cycle, all you have to do is buy low and sell high. The cost of the profit you "make" (make=steal in this case) is then passed onto the whole of society.
Many landlords are just land speculators, renting the property out to pay the loan on it. In the end, they will sell at a peak and make an absolute killing.If private landlords such as myself did not own property and rent it out to struggling folks - who would ?
Without land speculation property would be cheap enough for anyone to buy it... there would BE no struggling. Property would be bought and sold in the same style cars are bought and sold. The struggling is a direct result of the costs placed on society by having to pay through the nose for land.You may not like my breed - but i do provide a good service to my customers, and am proud of that fact. MAny of my tenants have been with me for years - they do not want the responsibility of home-ownership and several have investigated the figures to compare mortgages with rent. Not everyone is emotionally able to take on that financial risk.
Landlords may provide some form of service, but that service is in the form of property maintenance. Check how much property management companies charge... that's how much you should be paid.
Many landlords actualy pay letting agencies to do it for them... so they are doing absolutely nothing.I feel I strongly disagree with your view on life... it seems to me that you believe some people should get something for nothing...
Exactly the opposite. I beleive that people should be paid comensurate (sp?) to what they do. Landowners/landlords are getting paid vastly in excess of that.
It's important not to confuse Payment with Income. Landlords often make very little money from rent... it simply covers the cost of the mortgage.
But when they come to sell the property at a peak, they receive a HUGE payment from society. Basically it a payment to get them to give up the house so someone can make productive use of it. It's a payment to get them to "get out of the way".
Basically, Landlordism is a protection rackett.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
If you look back far enough to where money has been or look forward enough to see where it is spent all of the money will eventually pass through every sort of commodity/land/food etc. I'm not saying you are wrong (because i admit the money will eventually go through land, and equally it will all eventually go through something like petrol), but i do struggle to comprehend what relevance this really has.
Money isn't passing THROUGH land... it passes INTO the holders of land.
As the holders of land are not *DOING* anything they don't have any costs... they simply amass money. yes they have to live like anyone else, but they will never spend all the moeny they receive. in fact even with the most extravagant lifesytle, the big land speculators find their bank balance rises everyday. Ironically, they probably have no idea why, and no idea of the damage they do, as they will employ people to manage their "investments" for them.I don't disagree with you on how zimbabwe ended up with high inflation and i wasn't trying to compare the situations within both countries, i was merely comparing the rates of inflation both countries could end up having if peeps in the UK stopped paying rent/mortgages (I say "could" because the true extent of what would happen is difficult to predict, i certainly don't have the tools anyway).
If people didn't have to pay rent/mortgage, it would actually be counter-inflationary. With the (by a huge margin) biggest cost removed, people could work for less money, and products/services would become cheaper.I'm crap at writing (due to my dyslexia), which makes it difficult to get my point across (I reread my posts and i usually find it has little to do with the original point i was trying to make :rolleyes: ), but i do i understand economics fairly well, considering i studied it and firsted in it at uni. Thanks for insulting me though.
Appologies... I am also mildly dyslexic which is why all my posts show as having been edited... I have to go back afterwrds and correct all the mistakes.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
Appologies... I am also mildly dyslexic which is why all my posts show as having been edited... I have to go back afterwrds and correct all the mistakes.
OT:
Whoever decided to call it dyslexia is a git. Same as whoever decided that lisp had to have an 's' in it or who decided that stutter and stammer were good words.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Gorgeous_George wrote: »OT:
Whoever decided to call it dyslexia is a git.
It was those pesky Greeks. It means bad word.
The best definition from Greek I know is that for democracy. From the words demos (rule by) and cracy (men wearing blue suits),0 -
Personally I think Jasper Carrots joke about Dyslexics was his best.
Said he regretted doing a joke about Dyslexia... says you should have seen the complaint letters he got....
Door Jascer Parget,
Leave us Disyliacs alone you winker.
Yours Fullyfaith....Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
I think I see the point of squatnows arguments.. it might just be fairer if he said he was against private ownership of Land. How this would work in a society based on capitalism, I know not. Plus of course the two, nay three biggest owners of Land in the Uk are the Queen, The Church and the Army..:eek: So you want to be ex-communicated, Hanged for treason, and then made to join the Army
.?
However, Land is different to Buildings, And your example of the £1000 increase is fallacious as it would be spread among many people. Land is a large cost factor tho , its why out of town retailers can charge less, as well as internet retailers and fleabayers.
Free land doesn't equal free Housing. Squatnow is probably right about Landowners making money from the ownership of their land, however they came to own it. But if it wasnt owned privately, what would be the alternative? Government allocation? not generally favoured by people. Land Lotto?tribuo veneratio ut alius quod they mos veneratio vos0 -
I think I see the point of squatnows arguments.. it might just be fairer if he said he was against private ownership of Land. How this would work in a society based on capitalism, I know not.
I'm not against the private ownership and the security of tenure that provides, allowing people to invest in improving the land to enable them to make productive use out of it. I just think people should be taxed on the land value to prevent land ownership for the SAKE of land ownership, and to prevent speculation.Plus of course the two, nay three biggest owners of Land in the Uk are the Queen, The Church and the Army..:eek: So you want to be ex-communicated, Hanged for treason, and then made to join the Army.?
Most of the land the queen, the church and the army own is supprisingly unproductive... it's not in city centers it way waaaay out in the country. Dartmoor, Yorkshire Dales etc. Granted churches are in towns, but they are listed buildings... they are probably a liability more than an asset.However, Land is different to Buildings, And your example of the £1000 increase is fallacious as it would be spread among many people.
But everyone has high land prices to pay for.Land is a large cost factor tho , its why out of town retailers can charge less, as well as internet retailers and fleabayers.
Free land doesn't equal free Housing.
I'm not as such on about "free" land. In fact "free" land is part of he problem... once you've bought it, from then on it is free. It will increase in value as people in society work and build up the economy and improve public services, but the land owner doesn't have to pay anything for that increase in value.Squatnow is probably right about Landowners making money from the ownership of their land, however they came to own it. But if it wasnt owned privately, what would be the alternative? Government allocation? not generally favoured by people. Land Lotto?
Land would still be privately owned, but people woud have to pay the government a land tax. Other taxes would be scrapped. That would give people an incentive to do something productive... you get to keep all the money you earn. Simply buying land cheap an selling it high will no longer make you rich, and more importantly, no longer make other people poor.
That's the problem with the current system... private lnd ownership without land taxation make a few people very, VERY rich and everyone else very, VERY poor.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
I think S**tNow wants to live in his convertible car that he was bragging about some months back!
Overall, best not to take him too seriously, after all we're all for the work/death camps (according to crystal balls S**tNow)In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
I think S**tNow wants to live in his convertible car that he was bragging about some months back!
Overall, best not to take him too seriously, after all we're all for the work/death camps (according to crystal balls S**tNow)
It's noticable that rather than discuss my point, poeple just insult me.
It's because they can't argue against what I'm saying because it's true.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
Land would still be privately owned, but people woud have to pay the government a land tax. Other taxes would be scrapped. That would give people an incentive to do something productive... you get to keep all the money you earn. Simply buying land cheap an selling it high will no longer make you rich, and more importantly, no longer make other people poor.
That's the problem with the current system... private lnd ownership without land taxation make a few people very, VERY rich and everyone else very, VERY poor.
SquotNow
What it makes land valuable is its location and the amenities nearby, not the lack of it. I suppose that I could buy 80 acres of land in Sahara desert in exchange for a lame donkey. However I would have been mad to do so, especially, if I was going to be taxed for it.
Therefore only prime land is scarce.
Hypothetically let’s suppose now that all the taxation was based only on land ownership.
Then any high earner, or better any earner, would choose to rent instead to own a house/land.
In turn as the already developed prime land is scarce the rents will reach the sky.
In turn, as the state can only tax land, it would have to increase taxation to make ends meet and to keep up with the land/home owners earnings.
In turn cost will passed to the tenants.
The ones that are already landowners (big or small) will quickly become rich behind today’s standards.
Some high earners they may invest their tax free savings in land so as to have a larger part of the pie.
In turn the land/housing will become more expensive.
In turn the small earner which has not as yet managed to get in to the property ladder it will be impossible to afford a place to live.
That would have create an inequity of wealth grater to what we have now. I dread to imagine a world operating under your vision.Si Deus pro nobis quis contra nos?0
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