Call to Extend RTB for Private Tenants with discount.

[I1L2T3]

Bear in mind that if the house was mortgaged then this would have to be paid off upon sale.

 

Same for a lot of HA properties. Many have been built or purchased with commercial loans.

[chem1st]

Total garbage, and if you were sober or had any idea about being a landlord, you would know. What total rubbish.

 

You came out with an ad hominem attack straight away. The entitlement in you is strong! Scared you are going to lose your free lunch?

 

Public opinion is against you and the subsidies you claim...

[Eater Sundae]

This would certainly put the cat amongst the political pigeons.

 

Historically, the right supported the right to buy as it would increase home ownership and remove people from being emotionally tied into the socialism of social housing. Conversely, the left wanted to retain those links and keep as many people as possible tied to the (as large as possible) state.

 

Now, the right sees private landlords as being part of the enterprise economy, whereas the left see them as parasites.

 

So if every tenant had the right to buy, at a subsidized price, there would be no sense in anyone wanting to be a landlord as there would always be a risk that their tenant would find the necessary resources and demand to buy the house cheaply. The market would die. House prices would plummet. Buy to let mortgages would default as the asset value had gone (and there wouldn’t even be the option to sit it out and wait for the value of the house to increase, as the house would have already been sold at a reduced price).

[phoenixboy]

Now this really will get the housing market moving.

 

http://www.independent.co.uk/news/uk/politics/extend-right-to-buy-to-the-tenants-of-private-landlords-labours-jeremy-corbyn-says-10342824.html

 

what about all the money the landlord has ploughed into mainetance of property?

i think it would only be fair if on agreement of a rental property, the tenant agrees to pay for % upkeep.

[Cyclone]

Makes sense. All landlords ought be like housing associations.

 

Considering the tenants pay the mortgages for the idle landlords and then some, they really do deserve a RTB and a massive discount!

 

Landlords get many subsidies and thus it is fair they give some of them back. The something for nothing culture must be ended!

 

So the tax payer contributes a large percentage towards the sale of a private house, in order to just give that portion of the house to another member of the public.

Why not just fire money into the air at random, drop it out of a helicopter or something?

 

---------- Post added 09-07-2015 at 10:29 ----------

 

Absolutely.

 

Please do not make the assumption that everyone who claims housing benefit is an unemployed scumbag.

 

Not being unemployed doesn't mean they can afford a mortgage.

 

---------- Post added 09-07-2015 at 10:30 ----------

 

It is a totally sound idea. BTL landlords have been scrounging off the state for too long. It is time to redress the balance by giving some of the benefits back to the tenants.

 

File this one with the insistence that employers pay a living wage instead of scrounging off the taxpayer.

 

This idea that landlords get something from the state I find to be really odd.

 

I let my old house for 2+ years, both sets of tenants were full time employed and didn't receive any HB.

 

---------- Post added 09-07-2015 at 10:33 ----------

 

What if you have a mortgage on that, from banks bailed out by the taxpayer. And if the property increases in value. And if interest rates are artificially low, because of the bail outs. And if HB makes rents artificially high, because the government props up the market.

 

How much of a benefit scrounger does that make you?

 

HB might, at best, prop up the very bottom end of letting. At most.

 

How can interest rates be artificially low. They are an entirely artificial construct with no 'natural' value.

 

So, despite all your what ifs, it doesn't make a landlord any kind of benefit claimant.

 

---------- Post added 09-07-2015 at 10:36 ----------

 

This would certainly put the cat amongst the political pigeons.

 

Historically, the right supported the right to buy as it would increase home ownership and remove people from being emotionally tied into the socialism of social housing. Conversely, the left wanted to retain those links and keep as many people as possible tied to the (as large as possible) state.

 

Now, the right sees private landlords as being part of the enterprise economy, whereas the left see them as parasites.

 

So if every tenant had the right to buy, at a subsidized price, there would be no sense in anyone wanting to be a landlord as there would always be a risk that their tenant would find the necessary resources and demand to buy the house cheaply. The market would die. House prices would plummet. Buy to let mortgages would default as the asset value had gone (and there wouldn’t even be the option to sit it out and wait for the value of the house to increase, as the house would have already been sold at a reduced price).

 

Or more likely it would result in many tenants having to leave before the RTB kicked in, and lots of landlords exiting the market.

 

Unless the proposal is that the state fund the discount, which must be the case, otherwise I expect it would be successfully challenged in court.

[poppet2]

How? Are you suggesting that people on HB are able to afford a mortgage?

 

8 people out of 10 on housing benefit are in work.

 

---------- Post added 10-07-2015 at 20:13 ----------

 

It was a great money maker 10years ago. But now you be lucky to make 5% . That's with nothing need repairing. House prices are not going to double in next ten years. So it is not as roses as some uneducated think

 

So why is it still the number one way to get rich quick and why are many over 50s now spending their new insurance pot on BTL property this year?

 

---------- Post added 10-07-2015 at 20:17 ----------

 

I rent mines to professional people as I don't want low life benefit scrouging type in my house. I always do my house top notch and it's far too good for local scrubbers. So I don't live off housing benefits.

Housing benefits only pay £110ish a week for 3 bedroom house.not even 5% in some of my houses

 

But you would be grateful for people on Benefit if you got long void periods and couldn't get anyone else to rent from you.

 

---------- Post added 10-07-2015 at 20:28 ----------

 

what about all the money the landlord has ploughed into mainetance of property?

i think it would only be fair if on agreement of a rental property, the tenant agrees to pay for % upkeep.

 

No difference from old fashion secure tenants who have spend years renting, in some cases 20 plus years, and improving a landlord's property.

Edited July 10, 2015 by poppet2

[illuminati9]

its not a get rich way with low end market as house prices dont raise that quick. its a long term investment for a decent pension

[El Cid]

This would certainly put the cat amongst the political pigeons.

 

Historically, the right supported the right to buy as it would increase home ownership and remove people from being emotionally tied into the socialism of social housing. Conversely, the left wanted to retain those links and keep as many people as possible tied to the (as large as possible) state.

 

Now, the right sees private landlords as being part of the enterprise economy, whereas the left see them as parasites.

 

So if every tenant had the right to buy, at a subsidized price, there would be no sense in anyone wanting to be a landlord as there would always be a risk that their tenant would find the necessary resources and demand to buy the house cheaply. The market would die. House prices would plummet. Buy to let mortgages would default as the asset value had gone (and there wouldn’t even be the option to sit it out and wait for the value of the house to increase, as the house would have already been sold at a reduced price).

 

Good post; perhaps local councils should be able to force private landlords to sell to them, when their tenant is claiming housing benefit.

[illuminati9]

you are no rocket scentist for sure. no landlord will sell there hard earn house for big discount to those benefit scroungers. if we are force to sell then we just dont rent it to those losers in life

[The Joker]

you are no rocket scentist for sure. no landlord will sell there hard earn house for big discount to those benefit scroungers. if we are force to sell then we just dont rent it to those losers in life

 

Perhaps you should start renting to these "benefit scroungers" rather than professional types, as the "local scrubbers" are less likely to afford a mortgage and buy you out.