Its gonna be hard to get any kind of legislation on this when so many of our MPs are landlords. https://mpexpenses.org/
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Is the plan really for no one ever to rent? If you want to go to uni in a place you don’t live in, you should buy there? Or live in a tent? Really?
The housing market is fucked. It’s not a market at all. But there isn’t a single solution to this. Anyone selling simple easy solutions to complex issues is a fraudster.
I want to walk through a fog wall and defeat my landlord in a boss fight
Laws were made to favor the rich and powerful people.
Now, now. I get that the housing market is a tad bad but no need to go all Red about this issue.
From my experience living in a few different countries, both renting and owning I think the UK is 1 of the easier places to own a home.
Banks lend to you up to like 5x your earnings and there’s low interest rates. Let’s say your average couple and they earn a bit below average so like 20K each, the bank will lend them up 200K. If you want a new build then there are many help to buy schemes as well and lower deposits needed.
Yes there are many landlords, and I understand why as property is a safe way to invest. They are obviously in demand though considering how fast places to rent go off the market.
The majority of our primary legislators are landlords. So guess what’s not going to get fixed? You got it: the housing market.
The same people that cry about renting and hate landlords, support large scale, mass immigration….
Can I just say the 1200 people died during homeless statistic is insane in this context. A 2% increase in housing prices isn’t why those people were homeless.
Edit: Why am I being downvoted? Most people are homeless because of a combination of drug addiction and mental illness. Notice how I didn’t disagree with the article itself just the disingenuous statistic used to pluck at your easily manipulated heart strings.
We may be looking at this issue from the wrong end. Rental is not high relative to the ROI of home ownership. Homes in UK are relatively afforable compared to other developed countries. The issue is the average increase of salaries are not in line with the average increase in cost of living. Added to that, productivity has decreased due to demands for better work life balance. There is no incentives for the government to make changes in favor of the working class when politicians worry about their jobs and next cycle of election fundings.
Can you imagine what this country would be like if our politicians were made up of ex nurses, teachers, police chiefs, firefighters and social care workers instead of landlords?
It seems to me that what needs to happen is some form of rent control. Done well this will make owning property less profitable for landlords while not so adversely affecting people who own the house they live in.
Over time this will help reallign property prices to reality and help the economy overall since, if people can spend less on housing, then they will spend more on other things.
One way to help stop landlords is to make it diffcult for people to own properties while being outside of the UK all the time.
The way to do this is to increase supply relative to demand.
What’s the easiest way to do this? Answer: NOT just to “build more houses”. Firstly, planning applications take time. Secondly, you would have to build them in the *specific* parts of the country where there is demand. If land is expensive enough, the developer won’t make any profit unless it is sold at a high enough level that is often unaffordable for most first-time buyers. Meanwhile there is quite a bunch of un-/underoccupied housing in parts of the country where demand is weak.
So how to increase supply? Answer: massively incentivize existing owner-occupiers to rent out spare rooms. There are, after all, plenty of houses which are under-occupied where people have spare bedrooms. This means that you don’t get individual landlords with vast portfolios, since they are competing with owner-occupiers for tenants. A fractured landscape where a landlord doesn’t say, own all the properties one one street means more competition between housing providers.
Anyone here have a nice landlord? Im paying about 600 per month for my flat, which is actually cheaper than most things around me. When i lost my job during covid he let me stay 1 month without rent to get myself sorted.
16 comments
Its gonna be hard to get any kind of legislation on this when so many of our MPs are landlords. https://mpexpenses.org/
[removed]
Is the plan really for no one ever to rent? If you want to go to uni in a place you don’t live in, you should buy there? Or live in a tent? Really?
The housing market is fucked. It’s not a market at all. But there isn’t a single solution to this. Anyone selling simple easy solutions to complex issues is a fraudster.
I want to walk through a fog wall and defeat my landlord in a boss fight
Laws were made to favor the rich and powerful people.
Now, now. I get that the housing market is a tad bad but no need to go all Red about this issue.
From my experience living in a few different countries, both renting and owning I think the UK is 1 of the easier places to own a home.
Banks lend to you up to like 5x your earnings and there’s low interest rates. Let’s say your average couple and they earn a bit below average so like 20K each, the bank will lend them up 200K. If you want a new build then there are many help to buy schemes as well and lower deposits needed.
Yes there are many landlords, and I understand why as property is a safe way to invest. They are obviously in demand though considering how fast places to rent go off the market.
The majority of our primary legislators are landlords. So guess what’s not going to get fixed? You got it: the housing market.
The same people that cry about renting and hate landlords, support large scale, mass immigration….
Can I just say the 1200 people died during homeless statistic is insane in this context. A 2% increase in housing prices isn’t why those people were homeless.
Edit: Why am I being downvoted? Most people are homeless because of a combination of drug addiction and mental illness. Notice how I didn’t disagree with the article itself just the disingenuous statistic used to pluck at your easily manipulated heart strings.
We may be looking at this issue from the wrong end. Rental is not high relative to the ROI of home ownership. Homes in UK are relatively afforable compared to other developed countries. The issue is the average increase of salaries are not in line with the average increase in cost of living. Added to that, productivity has decreased due to demands for better work life balance. There is no incentives for the government to make changes in favor of the working class when politicians worry about their jobs and next cycle of election fundings.
Can you imagine what this country would be like if our politicians were made up of ex nurses, teachers, police chiefs, firefighters and social care workers instead of landlords?
It seems to me that what needs to happen is some form of rent control. Done well this will make owning property less profitable for landlords while not so adversely affecting people who own the house they live in.
Over time this will help reallign property prices to reality and help the economy overall since, if people can spend less on housing, then they will spend more on other things.
One way to help stop landlords is to make it diffcult for people to own properties while being outside of the UK all the time.
The way to do this is to increase supply relative to demand.
What’s the easiest way to do this? Answer: NOT just to “build more houses”. Firstly, planning applications take time. Secondly, you would have to build them in the *specific* parts of the country where there is demand. If land is expensive enough, the developer won’t make any profit unless it is sold at a high enough level that is often unaffordable for most first-time buyers. Meanwhile there is quite a bunch of un-/underoccupied housing in parts of the country where demand is weak.
So how to increase supply? Answer: massively incentivize existing owner-occupiers to rent out spare rooms. There are, after all, plenty of houses which are under-occupied where people have spare bedrooms. This means that you don’t get individual landlords with vast portfolios, since they are competing with owner-occupiers for tenants. A fractured landscape where a landlord doesn’t say, own all the properties one one street means more competition between housing providers.
Anyone here have a nice landlord? Im paying about 600 per month for my flat, which is actually cheaper than most things around me. When i lost my job during covid he let me stay 1 month without rent to get myself sorted.
Compared to some other ones ive had hes a saint