Almost as if it’s the obvious outcome to building fewer homes than are required year upon year..
Our housing sector is in need of urgent and serious reform
Landlords must be loving this, tenants are driving up rents for them for free and they will be happy to accept it. It’s no different to what is happening with buyers too. The Tories have failed to meet every house building target they have set since 2010, even when they have lowered the target to make it more achievable, they have even made it easier for developers to cut the number of affordable homes they are meant to be required to build. The housing market is ridiculous and there are so many areas that need addressing, yet with landlords and house-builders having so much influence that is not going to happen.
Residential property should have never been a legal investment instrument.
Government should ban large scale buy outs of residential property by pension funds and other entities as a starter and those who bought already should be forced to sell.
Build more housing everywhere.
There’s no land shortage, and no shortage of willing developers. There is a shortage of planning authorities willing to permit development, so these need to be forced to authorise housing construction or have their powers taken away.
Where the heck is all the housing stock in this country? Are there properties not even being bought to let, just purchased and sitting empty?
The town and planning act and its consequences has been a disaster for the human race
This is properly scary. Taken towards it’s logical conclusion you’ll see single people unable to afford a place, then you’ll see single people unable to afford a room in an HMO.
Then eventually you’ll see couples being pushed out by richer couples.
Christ and I thought /r/LoveForLandlords/ was a tongue in cheek joke about their landlord tips… clearly not
Unsurprising consequence of making BTL a less attractive option tax wise, I suspect. Coupled with a long set of handcuffs during the pandemic which no doubt caused a lot of financial distress for smaller landlords. There are probably other factors too, like increased competition from FTBs during the SDLT holiday. And the relative unavailability of labourers and materials for refurbishment.
People hate BTL’ers. And rightly so. But if you make their industry less viable, then it should be no shock that fewer enter and more leave it as a result, creating a lack of available lets.
Though I’m surprised the larger Corporate Landlord hasn’t really made any notable impact as a replacement.
Let’s solve this by building more new-build sink estates on the edges of towns/next to motorways!
Bonus points if they have no pavements, no transport links for workers without cars, no solar panels/heat pumps.
Extra bonus points if the government inflates the prices of them with taxpayer funded Help To Buy schemes/LISAs. EXTRA EXTRA bonus points if the house building companies have links/donate to the Tory party.
This was happening a year ago when we had to move. God knows how long it was going on before that. It’s terrifying, quite frankly.
You apply for a shit hole place that’s within your budget, only for it to go for £200 a month more than you can afford.
The return of rent-racking.
This was a big factor in the Irish famines and mass exodus to North America.
Since things now aren’t much better in NA even that option is gone.
Not quite the same however the buyer’s market where we live got crazy. Before we had even put our house up for sale we had an offer.
Theirs fell through however we pledged to the next couple we met that if they offered us what we were asking for then we wouldn’t start a bidding war.
First couple came back and offered an extra 7k which we refused.
Point being, yes there is a shortage but a lot of the problems could be fixed if people weren’t greedy and were slightly more honourable in their interactions with people.
Estate agent told me there lots of people from Hong Kong buying multiple propertys, 1 to live in 1 to rent out
Just what the landlords & Estate agents want. More money, because the government has encouraged the house builders to slow down and push prices up. Good old Tories, anything to just blatantly rip people off.
The system eats itself. Who would have thunk it.
Supply and demand, there are simply too many people living in the UK
I was told Brexit was going to fix the housing shortage, and deliver a better quality of life.
Why have these things not happened?
I’m beginning to think they might have been… Lies?
Multiple empty houses on my street…. been empty for years….that can’t be half the issue either, surely… 😞
19 comments
Who could have predicted this?!
Almost as if it’s the obvious outcome to building fewer homes than are required year upon year..
Our housing sector is in need of urgent and serious reform
Landlords must be loving this, tenants are driving up rents for them for free and they will be happy to accept it. It’s no different to what is happening with buyers too. The Tories have failed to meet every house building target they have set since 2010, even when they have lowered the target to make it more achievable, they have even made it easier for developers to cut the number of affordable homes they are meant to be required to build. The housing market is ridiculous and there are so many areas that need addressing, yet with landlords and house-builders having so much influence that is not going to happen.
Residential property should have never been a legal investment instrument.
Government should ban large scale buy outs of residential property by pension funds and other entities as a starter and those who bought already should be forced to sell.
Build more housing everywhere.
There’s no land shortage, and no shortage of willing developers. There is a shortage of planning authorities willing to permit development, so these need to be forced to authorise housing construction or have their powers taken away.
Where the heck is all the housing stock in this country? Are there properties not even being bought to let, just purchased and sitting empty?
The town and planning act and its consequences has been a disaster for the human race
This is properly scary. Taken towards it’s logical conclusion you’ll see single people unable to afford a place, then you’ll see single people unable to afford a room in an HMO.
Then eventually you’ll see couples being pushed out by richer couples.
Christ and I thought /r/LoveForLandlords/ was a tongue in cheek joke about their landlord tips… clearly not
Unsurprising consequence of making BTL a less attractive option tax wise, I suspect. Coupled with a long set of handcuffs during the pandemic which no doubt caused a lot of financial distress for smaller landlords. There are probably other factors too, like increased competition from FTBs during the SDLT holiday. And the relative unavailability of labourers and materials for refurbishment.
People hate BTL’ers. And rightly so. But if you make their industry less viable, then it should be no shock that fewer enter and more leave it as a result, creating a lack of available lets.
Though I’m surprised the larger Corporate Landlord hasn’t really made any notable impact as a replacement.
Let’s solve this by building more new-build sink estates on the edges of towns/next to motorways!
Bonus points if they have no pavements, no transport links for workers without cars, no solar panels/heat pumps.
Extra bonus points if the government inflates the prices of them with taxpayer funded Help To Buy schemes/LISAs. EXTRA EXTRA bonus points if the house building companies have links/donate to the Tory party.
This was happening a year ago when we had to move. God knows how long it was going on before that. It’s terrifying, quite frankly.
You apply for a shit hole place that’s within your budget, only for it to go for £200 a month more than you can afford.
The return of rent-racking.
This was a big factor in the Irish famines and mass exodus to North America.
Since things now aren’t much better in NA even that option is gone.
Not quite the same however the buyer’s market where we live got crazy. Before we had even put our house up for sale we had an offer.
Theirs fell through however we pledged to the next couple we met that if they offered us what we were asking for then we wouldn’t start a bidding war.
First couple came back and offered an extra 7k which we refused.
Point being, yes there is a shortage but a lot of the problems could be fixed if people weren’t greedy and were slightly more honourable in their interactions with people.
Estate agent told me there lots of people from Hong Kong buying multiple propertys, 1 to live in 1 to rent out
Just what the landlords & Estate agents want. More money, because the government has encouraged the house builders to slow down and push prices up. Good old Tories, anything to just blatantly rip people off.
The system eats itself. Who would have thunk it.
Supply and demand, there are simply too many people living in the UK
I was told Brexit was going to fix the housing shortage, and deliver a better quality of life.
Why have these things not happened?
I’m beginning to think they might have been… Lies?
Multiple empty houses on my street…. been empty for years….that can’t be half the issue either, surely… 😞