poppet2 Posted July 16, 2014 Share Posted July 16, 2014 You should look up the figures for how much land is actually built up, how much brown space is available for redevelopment and so on. Surprisingly, Less then 5% of land is built upon in the UK. http://www.bbc.co.uk/news/uk-18623096 ---------- Post added 16-07-2014 at 15:56 ---------- Rent control doesn't have to mean those things. It exists in a lot of europe, it doesn't guarantee permanency of tenancy, and it doesn't stop controlled and contractual increases in rent. Rent control also exists in New York. Without it, there would be no one to do the menial jobs. ---------- Post added 16-07-2014 at 16:05 ---------- The solutions is to reduce demand, and increasing the population increases demand, using property as an investment and not an home increases demand, owning property and leaving it vacant much of the year reduces supply, sort these problems out and we don't need to build more houses. The Chinese bought the majority of the new development flats next to the Olympic Stadium recently. 150 flats sold in one weekend, and guess what, they haven't even been built yet! What chance have the next generation got, when the government allows investments like this to happen? The Chinese are coming to Sheffield next. http://www.thisismoney.co.uk/money/mortgageshome/article-2280596/Chinese-investors-head-North-snap-buy-let-new-build-homes.html Link to comment Share on other sites More sharing options...
barleycorn Posted July 16, 2014 Share Posted July 16, 2014 I've offered long or longer term AST several times, and both times the tenant actually preferred the shorter term. I'm not convinced there is actually a market need for longer term tenancies. I can understand that.. a lot of tenants want the flexibility that short term rentals provide...no ties and all that... Research by Shelter suggests that: Some 30% of private renters worry about their landlord/letting agent ending the contract before they are ready to move out Two thirds (66%) of private renters would like to have the option to stay in their tenancy longer term if they wanted to 44% of the families with children responding to our survey do not think of their private rented house as ‘home’. More than two thirds (69%) of private renters would like to be able to decorate their homes without worrying about what their landlord would do. A broad cross-section of private renters would like the opportunity to make their rented house a real home, indicating that the current offer is falling short of providing the freedom and control people want in their home Landlords, institutional investors and lenders generally have a sound business interest in tenancies that last for the longer term, as they benefit from secure income streams that account for inflation, and avoid the costs and management demands of high turnover. Yet practice does not reflect the rational self- interest of landlords, investors and lenders – the norm of short contracts does not do enough to encourage reliable renters to invest in their home and stay for the long term. In contrast, some letting agents’ fee structures can mean that they do have an interest in short or frequently renewed contracts, as it is in management intensive periods that they are able to charge fees to landlords and renters alike http://england.shelter.org.uk/__data/assets/pdf_file/0009/587178/A_better_deal_report.pdf The tables on pages 27 and 28 show that we in the UK are not the norm, as in most developed countries tenancies are much longer. jb Link to comment Share on other sites More sharing options...
Cyclone Posted July 16, 2014 Share Posted July 16, 2014 No.............. So were you trying to make a point? If so, what was it? ---------- Post added 16-07-2014 at 17:27 ---------- The solutions is to reduce demand, and increasing the population increases demand, using property as an investment and not an home increases demand, owning property and leaving it vacant much of the year reduces supply, sort these problems out and we don't need to build more houses. How do you propose that demand be reduced. If you could stop immigration tonight, demand would still be high tomorrow. Investing (and letting) doesn't increase demand, it serves the demand in a different way. Link to comment Share on other sites More sharing options...
kaylee1 Posted July 16, 2014 Share Posted July 16, 2014 Investing (and letting) doesn't increase demand, it serves the demand in a different way. But it does increase the price, property prices are in part controlled by affordability, investors can afford to pay more than first time buyers so they contribute to price rises, without investors property would be much cheaper. Link to comment Share on other sites More sharing options...
Waldo Posted July 16, 2014 Share Posted July 16, 2014 What's the answer? You could ask them to put you in prison. If they say no, I'm sure they'd let you know what victimless crimes you can commit that could get you some time inside. Free food, free shelter, lots of time on your hands to exercise, read and educate yourself... Link to comment Share on other sites More sharing options...
Se7enhills Posted July 16, 2014 Share Posted July 16, 2014 But it does increase the price, property prices are in part controlled by affordability, investors can afford to pay more than first time buyers so they contribute to price rises, without investors property would be much cheaper. Are you sure about the bit I emboldened? Doesn't seem like much sense to pay more than someone who wishes to get a home to live in....Then again, a lot of what many BTL investors seem to do makes little sense to me Link to comment Share on other sites More sharing options...
LeMaquis Posted July 16, 2014 Share Posted July 16, 2014 The Chinese bought the majority of the new development flats next to the Olympic Stadium recently. 150 flats sold in one weekend, and guess what, they haven't even been built yet! What chance have the next generation got, when the government allows investments like this to happen? We live in an open economy which welcomes inward investment. Unless you want to live in a state that resembles North Korea then people from overseas are going to buy here. The Russians invest a lot here too. The bulk of this investment goes into London. ---------- Post added 16-07-2014 at 19:17 ---------- Are you sure about the bit I emboldened? Doesn't seem like much sense to pay more than someone who wishes to get a home to live in.... Of course it does. The sense is that they make a profit out of it. They don't give a bugger if they deprive someone else of the right to buy a home to live in. Link to comment Share on other sites More sharing options...
Se7enhills Posted July 16, 2014 Share Posted July 16, 2014 I dont think a lot of BTL landlords know what profit is, I specifically said BTL ones, cos they are amateur investors hoping for a pension out of it - Its them that will suffer when interest rates rise. Link to comment Share on other sites More sharing options...
kaylee1 Posted July 16, 2014 Share Posted July 16, 2014 Are you sure about the bit I emboldened? Doesn't seem like much sense to pay more than someone who wishes to get a home to live in....Then again, a lot of what many BTL investors seem to do makes little sense to me Yes, during the housing boom first time buyers were struggling to get a mortgage because their income wasn't large enough, investors tend to be older, have higher incomes and usually already own property. Historically when first time buyers stopped buying houses the property market stagnated and prices stopped rising. Bring in the investors and prices could continue to rise because they didn't have the same financial restraints that first time buyers faced. Without property investors property prices would be significantly lower. Link to comment Share on other sites More sharing options...
Se7enhills Posted July 16, 2014 Share Posted July 16, 2014 Do you mean proper investors in property, or first time buy to let know not a lots? The latter will probably get thier fingers burnt very shortly, and Im not either of the parties, Ive got more sense than that Link to comment Share on other sites More sharing options...
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