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Debate House Prices
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RICS: worst set of figures since records began
Comments
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monkeymaster wrote: »I'm sure you can't attribute the doubling in the price of oil in recent times to extra demand from India and China... Although they may have some impact the primary cause is curreny fluctuations.
I watched a report on that recently. I must get out more as I seem to be watching too much tv. The Chinese are a large country in terms of numbers and they are now finding that they can afford cars as their economy has risen dramatically. Most of those cars are diesel apparently and they also said that half of the cars in UK are diesel too, which surprised me. Supply and demand = higher prices.
They also said the tax on our fuel was used to pay for the NHS and education, so no room there for the government to cut the fuel duty.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
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BTL is a business. Do you renters honestly think you are immune to increased costs of housing? Do you not expect that you have to pay enough rent to cover the outgoings on a property? Where else would you expect to continually pay less for a service than it costs to provide it? If rents don't cover the current mortgages + costs then rents will rise. Landlords tended to put up with this as they knew they'd have capital growth to enjoy. Now they think that is gone do you honestly think they are going to carry on making a loss indefinitely just to keep a roof over your head?
They will either cut their losses and sell ( you then have to move) or they'll raise the rent so it makes financial sense so you can either move to somewhere cheaper gambling on the fact your new landlord won't do the same so you'll have to move again or you can pay the new rent.
This is true - rental yields are very low (just 5%:eek:). You can make more money on a bad deposit account. If LL arn't making capital gains you would expect that they will either raise rents or exit the market.0 -
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borntobefree wrote: »You can make more money on a bad deposit account. If LL arn't making capital gains you would expect that they will either raise rents or exit the market.
Hmm.. That's like saying if a shareholder isn't making enough capital gains, he will just raise the dividend. Landlords can't just raise rents at will, especially when there is an over-supply of housing with more than one million houses on the market.poppy100 -
Austin_Allegro wrote: »I think that's the first time I've read Aramaic on a message board!
I was thinking *exactly* the same thing!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
How many places do you rent out?Hmm.. That's like saying if a shareholder isn't making enough capital gains, he will just raise the dividend. Landlords can't just raise rents at will, especially when there is an over-supply of housing with more than one million houses on the market.
We are sucessfully rasing our rates with renters wanting to thrust cash in our hands to secure on first viewings.0 -
Slightly off-topic but the relatively high petrol tax in the UK introduced under Major's 'fuel price escalator' which continued into the first few years of the Blair government has actually shielded us from the oil price shock to qn extent; we have seen a 30% increase in the price of petrol in the last 3 years (75p to £1.10ish) wheras in the States the increase has been over 100%.
Of the Tory spending plans whihc Blair famously followed, Ken Clarke was later quoted as saying the Tories weren't really going to be that strict.0 -
pickles110564 wrote: »We are sucessfully rasing our rates with renters wanting to thrust cash in our hands to secure on first viewings.
What area are your rentals in?RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
Sleepy Suffolk near the largest container port in the UKMissMoneypenny wrote: »What area are your rentals in?0
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