MrSmith Posted September 16, 2012 Share Posted September 16, 2012 It's a Daily Mail property ramping piece. A mortgage might be cheap now but interest rates are super low. Won't stay that way for 25 years. There's property maintenance to factor in as well. Any at some point we'll have to have a property price correction so negative equity to factor in as well. I agree and would much rather buy a cheaper house and pay higher interest, than an expensive house with low interest, it must be a worry at the moment having to buy an expensive house in the knowledge that interest rates can only go up. Link to comment Share on other sites More sharing options...
mossdog Posted September 16, 2012 Share Posted September 16, 2012 And of course house prices themselves having increased by an average 168%. Rents are higher because house prices are much higher. But as The Daily Express would tell you, that's a good thing. JOY FOR HOMEOWNERS AS HOUSE PRICES START TO RISE Odd how we never see a headline in the Express along the lines of "Shopper joy as food prices increase". Or "Joy for gas consumers as prices rise". The fact that the proprietor of the Express has a £500 million property portfolio might explain this strange attitude. Ah! now I get it...................I wondered why we keep seeing headlines in the Express that property prices are set to increase/boom again.I was always suspicious,now I know why. Link to comment Share on other sites More sharing options...
I1L2T3 Posted September 16, 2012 Share Posted September 16, 2012 The problem with this country is that idiots cost us money, and fellow idiots stick up for them. Wear and tear is a tax allowance. Trashing a property and breaking the tenancy agreement isn't. Finding a tenant costs money, and there are searches and credit checks. I paid a company to do this, but then it still doesn't stop a tenant passing the checks and then stopping the standing order 4 months down the line. It is nothing to do with planning a business badly. As with any business there are idiots who cost you money, and every business has to pay money to cover the cost of the idiots. You don't get it. It's your business. You're responsible for it. If you don't like the downsides of the business then get out of it and try a different one. Or get a better vetting agency. Or vet the tenants yourself. Link to comment Share on other sites More sharing options...
ricgem2002 Posted September 16, 2012 Share Posted September 16, 2012 The problem with this country is that idiots cost us money, and fellow idiots stick up for them. Wear and tear is a tax allowance. Trashing a property and breaking the tenancy agreement isn't. Finding a tenant costs money, and there are searches and credit checks. I paid a company to do this, but then it still doesn't stop a tenant passing the checks and then stopping the standing order 4 months down the line. It is nothing to do with planning a business badly. As with any business there are idiots who cost you money, and every business has to pay money to cover the cost of the idiots. so why dont you sell up and not have the hassle ? Link to comment Share on other sites More sharing options...
Cyclone Posted September 16, 2012 Share Posted September 16, 2012 If it's recognised that it's his business and that sometimes there will be costs to pay, then it's equally true that no one has a right to complain about the rate he charges, he's running a business not a charity and the market dictates what he can charge. Link to comment Share on other sites More sharing options...
chem1st Posted September 16, 2012 Author Share Posted September 16, 2012 If it's recognised that it's his business and that sometimes there will be costs to pay, then it's equally true that no one has a right to complain about the rate he charges, he's running a business not a charity and the market dictates what he can charge. Not a free market though. Link to comment Share on other sites More sharing options...
S10mainly Posted September 16, 2012 Share Posted September 16, 2012 Not a free market though. yes it is If I buy a house to rent out, I set the monthly rental.......If its regarded as "too much" I lower my rental price Thats a free market Link to comment Share on other sites More sharing options...
Cyclone Posted September 16, 2012 Share Posted September 16, 2012 Not a free market though. Yes it is, I doubt that the level of HB has anything to do with what go4it can and does charge his tenants. And even if it did, it's not a situation he can change, it's just the situation he has to run his business in. Link to comment Share on other sites More sharing options...
Mummytwo Posted September 16, 2012 Share Posted September 16, 2012 Council housing rents have increased above inflation every year for a decade, by RPI +0.5% + up to £2 per week. They will increase by RPI+0.5% every year for the next 4 years. In quite a few areas they are now overtaking private rents! Typical that they will increase rent but not carry out necessary repairs Link to comment Share on other sites More sharing options...
Harleyman Posted September 16, 2012 Share Posted September 16, 2012 No, and I don't intend to either. Property is something that you occupy, you do not own it. And purchasing a freehold property is not property ownership, it is a form of tenure. People should be free to build housing upon idle land - currently land is subsidised to the tune of £50 Bn per year in direct cash subsidy in the UK. People are paid for merely holding land and they leave it idle. This is completely wrong. There is plenty of idle land. Land should be taxed so that land is freed up for building etc. If we continue to subsidise land ownership then we reinforce the unjust monopoly and is leads to land being used inefficiently, it creates a class system, severely harms economic development and leads to widespread poverty amongst the landless. Seems to me that anyone who cannot pay the rent of a flat on a council housing estate has to be some kind of loser. Link to comment Share on other sites More sharing options...
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