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You don't have to think landlords to be satan to know that buying zero equity in the property that the landlord only 'owns' because he was encouraged to mortgage so that the financial sector can then buy and sell that debt for another ethereal 'profit', is bad value for those that can't get involved.
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demand outstrips supply for housing by an anual shortfall of approx. 70k
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when I looked into buy to let you needed about 25-30% deposit, how is that zero equity?
management fees only come into if you don't manage the property yourself also a large % of buy to let landlords only have one property and it's as their pension plan, many of whom have gone in that direction because the private pension scheme was fkd by Gordon Brown via the big tax grab he did and as such it taught many an important lesson i.e. don't have your money tied up in anything that isn't completely under your own control |
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yeah demand was bound to outstrip supply when blair/brown opened the immigration door allowed millions and millions of extra people to pitch up, many of whom low and semi skilled wanting to suck the welfare teat.
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No bigger suckers on the welfare teat than landlords via Housing Benefit.
In second place come your salt-of-the-earth indigenous UKIP fans on welfare from cradle to grave. Tailing off are migrants who come here to do sh1t work for sh1t wages and support the indigenous population in the lifestyle to which they reckon their birthright entitles them. |
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What so you don’t expect landlords to charge rent? And before you start crying about mortgage tax relief, it’s business for dummies that if you are being taxed on profits (rent income) then you can offset costs against those profits (mortgage interest, maintenance etc etc)
I would however deflate the housing bubble by chopping housing benefit. |
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Selling off municiple housing and a distinct apathy to fund new builds doesn't help either.
Zero equity was meant to refer to the bad value imposed on the tennent on an asset that isn't even owned by the landlord in most cases. So there is a vested interest to have a shortfall in supply to force up demand and prices, for those involed there is potential profit, but at the cost of those than are forced out. |
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we wouldn't have such a shortfall if population growth hadn't gone up quite so dramatically thanks to importing so many extra millions
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So that enterprise can have the minions to do the work they wouldn't do themselves.
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There's a demand for housing but they arnt supplying it, so why does profit seeking enterprise get appeased with the supply of cheap labour to force down rights for workers on the wave of shareholder value maximisation?
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You can’t just concrete over the uk because millions of extra people have turned up.
You are still avoiding the fact blair brown opened the door thus exacerbating the demand and vs supply issue. |
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You talking about tory Blair?
The wolf in sheeps clothing? The one who carried on the tory ideology under the pretence of 'new labour' only to create a culture of spin merchants and quangos to flavour the bull5hit to make it look like they are giving people what they wanted? |
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On the issue of 'concreting' over vast areas of the UK.
Well there is still a massive disparity based on aristocratic landownership. Over a third of real estate is owned by the extreme minority. The enclosure act of the late 18th century carved up communal land and handed it to those who had been little more than loyal. Look through all of english history, cliques got rewarded for supporting tyranny with land. Or they made shed loads as the contemporary nouveau riche generally by doing I'll gains. So really we could concrete over plenty more. Sure people get vocal about their own backyards and green field, but that never stopped Tories attempting every chance they have ever had to sell off forests et Al to chums. |
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There are too many houses already, and too many people. Stop building houses, stop allowing millions more into the country, and tax people who have more than one child.
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