| Labour - private rent controls 06:46 - Apr 26 with 13110 views | sevenhoop |
Can anyone with any ntelligence still think that Labour can be the answer? Their latest old-fashioned failed socialist policy must make people realise that these people are economically intellectual pygmies. How on earth will rent controls and making it less attractive for landlords to rent by making them rent for minimum 3 years help with the supply of private rental properties?! This was already tried for decades and caused a massive shortage because potential landlords stopped buying ffs! So they'll be nothing to rent!
The problem is caused by classic supply and demand. What needs to happen is to stop so many people coming across our borders and pushing up demand, whilst continuing to free up the planning process and getting more properties built.
All these policies of interfering with the market will never ever work and will actually have the diametrically opposite effect to that intended.
I just give up. |  | | |  |
| Labour - private rent controls on 20:32 - Apr 26 with 1982 views | Juzzie |
10 or so years ago my then girlfiend was renting a room in a 3 bed flat in camden. The landlady was given the flat by the council years before and was still in 2003 only paying £7 a week in rent. seven pounds.
Yet she was raking in £140 a week illegally renting two rooms that were designated to her daughters but both her daughters had grown up and had council flats of their own, in camden. How comes this never got picked up and the lady moved into a one bed place so the flat could be reassigned to another family? People say "its my home, you cant move me, ive been here 15 years". Its not, you are a tenant.
Someone i knew got a council flat some 25+ years ago in kensington & chelsea yet since had climbed the career ladder and was earning reasonable money. This person was now in a position to rent in the open market. The council had done their bit, helped them in their early days, so why were they still in a council home?
Finally, i used to work in Hammersmith and a bloke had a garage on a council estate and in it he had a Mercedes SLK320. Ok, he could have been a leaseholder but he was always there, never seemed to be working. If he was a tenant and he can afford an SLK320 then whats he doing in a council home?
Three different boroughs yet it seems to me with the three examples above, as long as you pay your rent, keep your head down and dont cause anyone any trouble i.e. Keep Invisible as possible, you can get away with it for years.
I'm all for social housing if done correctly but its completely abused, unregulated and mismanaged that has left it in a state.
It seems to me that the housing market both private and council is all over the place.
[Post edited 26 Apr 2015 22:25]
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| Labour - private rent controls on 21:09 - Apr 26 with 1922 views | Hoop_Du_Jour |
| Labour - private rent controls on 19:51 - Apr 26 by slranger40 |
Indeed, but the Tories are more blatant about it.
The Blair years were an idiosyncrasy of opulence and circumstance.
Don't Write off the importance of people. |
"The Blair years were an idiosyncrasy of opulence and circumstance."
The Bliar years were no different to any Labour years. 70s, strikes and blackouts. Bliar brought the petrol strikes, a war we couldn't win, mass immigration, a babbling benefit system that saw fit to tax your wages and then let you claim it back as working tax credidts! and Gorgon fokkin Brown.
Dear Prudence.... |  | | |
| Labour - private rent controls on 21:37 - Apr 26 with 1889 views | derbyhoop |
There is a serious problem with the availability of affordable housing. Its across the country but, I understand, a particular issue in Greater London. As a country we just have to build far more houses than we have done for the last 20 years. And that development cannot just be 4 bed luxury houses on greenfield sites, which is what the developers want. Local plans are being thrown out because they don't include enough and for housebuilding. But any houses have to include the local facilities as well. Things like schools, shops, healthcare, transport. Developers aren't keen on those facilities as there isn't enough profit.
Rent controls may not be that answer but, at least, it is a possible solution to the lack of affordable options for so many people. I suppose that when transport workers, nurses, policemen, fire service and teachers cannot afford a property within 50 miles of work, something will change. But, I wouldn't bet on it. |  |
| Travel is fatal to prejudice, bigotry and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the Earth all one’s lifetime. (Mark Twain)
Find me on twitter @derbyhoop |
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| Labour - private rent controls on 21:49 - Apr 26 with 1859 views | Northernr |
Well whether this is the answer, something very serious has to be done and very quickly in the private rental sector because, particularly in London, there are some absolutely disgraceful practices going on.
For instance, Simmo and I have just been chased for a £99.96 "admin fee" for our tenancy renewal. Now the tenancy renewal consists of the letting agent calling up the same contract we've signed for the last four years, changing the dates on it to 2015/16 and then e-mailing it to us. That's it. The terms state we have to then print it off (25 sheets) at our time and expense, sign every single sheet, and then post it back to them recorded delivery (at our time and expense again). They then send us another e-mail saying the tenancy is renewed. Like I say, that's £99.96 worth of admin apparently. The admin fee for a renewal is actually £49.96, but as we agreed to a slight rent increase with our landlord this time, it doesn't count as a renewal, so it's an extra £50 for them to changed £1,067 per month to £1,100 per month in clause one. I've now paid just shy of £400 in admin fees over four years to sign essentially the same piece of paper I signed in 2011.
That's without getting into whether £1,100 per month (which is pretty good relative to what other people on our block pay) is an acceptable amount of money to pay to rent a flat.
When I first moved in here it cost me the best part of £4,000 to do it. There was a deposit of £1,500, there was a month's rent up front, there was an "inventory fee" which was just shy of £500 for an independent person to come round with me and the landlady and make a list of everything that was in the flat, there was an admin fee for signing the contract, an admin fee for the deposit, an admin fee for the inventory. We looked round the place at 11am and liked it, but had other appointments later in the day. The lettings agent told us they expected it to be gone by the end of the day and we should get it signed if we wanted it, so that £4,000 had to be found by about 1pm.
I've since become quite friendly with the private landlord who is absolutely brilliant with us, and she told me a couple of years later that after we'd signed the deal, paid the deposit etc but before we'd moved in, the lettings agent continued taking bookings to show people around, and told the other people if they offered more in rent per month than us then they'd advise the landlady to take their offer - luckily she did the decent thing and stuck with us but during a one month notice period at previous jobs a flat I thought was secured and mine was being hawked around by the lettings agent. They could have rung me a fortnight before I was due to move to London and start my job that actually the flat had gone somewhere else, or was going somewhere else unless I agreed to vastly increased rent.
Whenever you complain about these admin fees or their behaviour or anything else, you get a stock reply of "I've just called up your agreement and notice that you've signed the page where this is mentioned and therefore agree to it" - as if it's voluntary, as if we could cross that bit out and not agree to it and still be able to stay in our home.
And that's all without going into the fact that it's a one year tenancy with a six month break clause in it, so I've never got any idea if I'll be able to stay here past April.
It's also without going into the fact the letting agent have told the landlady that the flat is worth £1,400-£1,500 a month and she should up the rent to that immediately, constantly badgering her that they have prospective tenants who would pay more than us, while at the same time badgering us with phone calls every time the renewal comes around saying they could get us a better deal elsewhere. Again, we're lucky she does the decent thing and sticks with us, knowing that we're model tenants and will look after her place in return.
This post has been edited by an administrator |  | | |
| Labour - private rent controls on 22:19 - Apr 26 with 1812 views | CiderwithRsie |
| Labour - private rent controls on 21:49 - Apr 26 by Northernr |
Well whether this is the answer, something very serious has to be done and very quickly in the private rental sector because, particularly in London, there are some absolutely disgraceful practices going on.
For instance, Simmo and I have just been chased for a £99.96 "admin fee" for our tenancy renewal. Now the tenancy renewal consists of the letting agent calling up the same contract we've signed for the last four years, changing the dates on it to 2015/16 and then e-mailing it to us. That's it. The terms state we have to then print it off (25 sheets) at our time and expense, sign every single sheet, and then post it back to them recorded delivery (at our time and expense again). They then send us another e-mail saying the tenancy is renewed. Like I say, that's £99.96 worth of admin apparently. The admin fee for a renewal is actually £49.96, but as we agreed to a slight rent increase with our landlord this time, it doesn't count as a renewal, so it's an extra £50 for them to changed £1,067 per month to £1,100 per month in clause one. I've now paid just shy of £400 in admin fees over four years to sign essentially the same piece of paper I signed in 2011.
That's without getting into whether £1,100 per month (which is pretty good relative to what other people on our block pay) is an acceptable amount of money to pay to rent a flat.
When I first moved in here it cost me the best part of £4,000 to do it. There was a deposit of £1,500, there was a month's rent up front, there was an "inventory fee" which was just shy of £500 for an independent person to come round with me and the landlady and make a list of everything that was in the flat, there was an admin fee for signing the contract, an admin fee for the deposit, an admin fee for the inventory. We looked round the place at 11am and liked it, but had other appointments later in the day. The lettings agent told us they expected it to be gone by the end of the day and we should get it signed if we wanted it, so that £4,000 had to be found by about 1pm.
I've since become quite friendly with the private landlord who is absolutely brilliant with us, and she told me a couple of years later that after we'd signed the deal, paid the deposit etc but before we'd moved in, the lettings agent continued taking bookings to show people around, and told the other people if they offered more in rent per month than us then they'd advise the landlady to take their offer - luckily she did the decent thing and stuck with us but during a one month notice period at previous jobs a flat I thought was secured and mine was being hawked around by the lettings agent. They could have rung me a fortnight before I was due to move to London and start my job that actually the flat had gone somewhere else, or was going somewhere else unless I agreed to vastly increased rent.
Whenever you complain about these admin fees or their behaviour or anything else, you get a stock reply of "I've just called up your agreement and notice that you've signed the page where this is mentioned and therefore agree to it" - as if it's voluntary, as if we could cross that bit out and not agree to it and still be able to stay in our home.
And that's all without going into the fact that it's a one year tenancy with a six month break clause in it, so I've never got any idea if I'll be able to stay here past April.
It's also without going into the fact the letting agent have told the landlady that the flat is worth £1,400-£1,500 a month and she should up the rent to that immediately, constantly badgering her that they have prospective tenants who would pay more than us, while at the same time badgering us with phone calls every time the renewal comes around saying they could get us a better deal elsewhere. Again, we're lucky she does the decent thing and sticks with us, knowing that we're model tenants and will look after her place in return.
This post has been edited by an administrator |
... not to mention the regular theft of deposits by landlords, or made-up expenses to be deducted from the deposit.
But implicitly you put your finger on half the problem, which is that lettings agency, along with estate agency (often the same people) is rife with shysters.
Perfectly decent landlords are let down by these creeps, and in fact are often victims too when agents decamp with deposits or other sums. |  | | |
| Labour - private rent controls on 22:49 - Apr 26 with 1774 views | Juzzie |
| Labour - private rent controls on 22:19 - Apr 26 by CiderwithRsie |
... not to mention the regular theft of deposits by landlords, or made-up expenses to be deducted from the deposit.
But implicitly you put your finger on half the problem, which is that lettings agency, along with estate agency (often the same people) is rife with shysters.
Perfectly decent landlords are let down by these creeps, and in fact are often victims too when agents decamp with deposits or other sums. |
With the internet these days, i dont know why both landlords & tenants bother with letting agents. As a landord use the rent depository scheme and ensure you have a good lawyer to hand should any dissagreements arise with the tenant and a lot of money can be saved by both tenant and landlord.
I'm sure high rents are caused by letting agents (not always greedy landlords) who are taking the pi$$ out of everyone and forcing rents up so the landlord can cover the agents high costs.
I know it may not be possible for all but im sure a lots of people can do it themselves with a bit of application. Bring the rotten agents to their knees.
Again, all down to regulation. Are letting agents regulated and have to follow a fair pricing code of conduct etc?
[Post edited 26 Apr 2015 23:00]
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| Labour - private rent controls on 22:58 - Apr 26 with 1754 views | Northernr |
Yeh we're certainly in a situation where we're good tenants and the landlady is wonderful, but between us is this leach of a lettings agency causing all manner of issues. From what she says, they charge her an absolute fortune in fees as well - she says she sees none of the first six weeks of our rent each year - £1,500 - because they charge her extortionate "admin fees" as well. | | | |
| Labour - private rent controls on 22:59 - Apr 26 with 1753 views | karl |
| Labour - private rent controls on 22:49 - Apr 26 by Juzzie |
With the internet these days, i dont know why both landlords & tenants bother with letting agents. As a landord use the rent depository scheme and ensure you have a good lawyer to hand should any dissagreements arise with the tenant and a lot of money can be saved by both tenant and landlord.
I'm sure high rents are caused by letting agents (not always greedy landlords) who are taking the pi$$ out of everyone and forcing rents up so the landlord can cover the agents high costs.
I know it may not be possible for all but im sure a lots of people can do it themselves with a bit of application. Bring the rotten agents to their knees.
Again, all down to regulation. Are letting agents regulated and have to follow a fair pricing code of conduct etc?
[Post edited 26 Apr 2015 23:00]
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Orkney now has a specialist letting agency, my wife's cousin! All their rents are unbelievably high but she is doing a roaring trade. Mostly with professionals recently moved here and don't know better but she has mopped up loads of landlords and is pushing up the base rent level I've no doubt. |  | | |
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| Labour - private rent controls on 23:02 - Apr 26 with 1746 views | Juzzie |
| Labour - private rent controls on 22:58 - Apr 26 by Northernr |
Yeh we're certainly in a situation where we're good tenants and the landlady is wonderful, but between us is this leach of a lettings agency causing all manner of issues. From what she says, they charge her an absolute fortune in fees as well - she says she sees none of the first six weeks of our rent each year - £1,500 - because they charge her extortionate "admin fees" as well. |
Cant she just end her agreement with the letting agent when it expires? You do the same and then just deal wirh each other direct? | | | |
| Labour - private rent controls on 23:47 - Apr 26 with 1689 views | W5R |
| Labour - private rent controls on 22:58 - Apr 26 by Northernr |
Yeh we're certainly in a situation where we're good tenants and the landlady is wonderful, but between us is this leach of a lettings agency causing all manner of issues. From what she says, they charge her an absolute fortune in fees as well - she says she sees none of the first six weeks of our rent each year - £1,500 - because they charge her extortionate "admin fees" as well. |
The Labour party thanks you for your vote, you're also forgiven for voting for the Lib Dems last time, many of us made that mistake. |  | | |
| Labour - private rent controls on 00:04 - Apr 27 with 1674 views | harvey |
The only Premiership football club constituency that voted for Conservatives at the last election was Chelsea.
Support Labour or support another team. Football fans ACROSS THE UK are Labour, QPR fans are Labour, Londoners are Labour.
Something odd with you if you aren't the same.
I must be very very odd then mate | | | |
| Labour - private rent controls on 00:08 - Apr 27 with 1662 views | harvey |
No self respecting working class football fan would ever vote Conservative. Only the scum and their "fans" do that.
This gets worse as I read down the thread. I now have no respect and could well be scum | | | |
| Labour - private rent controls on 03:49 - Apr 27 with 1608 views | RosieG |
You talk utter drival like most Socialists.
I have supported Queens Park Rangers for 46 years and have voted conservative for the last 37 years.
My mainly Chelsea supporting family, late mother, sister, elder brother ,uncle ,aunt, and most cousins support Labour.
My late father and grandmother supported Fulham all their lives and always voted Conservative.
All the conservatives were born in the London Borough of Hammersmith & Fulham and the labour Chelsea supporters were born in Hammersmith, Westminster or Sutton.
Your post is stupid. | | | |
| Labour - private rent controls on 08:37 - Apr 27 with 1553 views | Discodroids |
| Labour - private rent controls on 03:49 - Apr 27 by RosieG |
You talk utter drival like most Socialists.
I have supported Queens Park Rangers for 46 years and have voted conservative for the last 37 years.
My mainly Chelsea supporting family, late mother, sister, elder brother ,uncle ,aunt, and most cousins support Labour.
My late father and grandmother supported Fulham all their lives and always voted Conservative.
All the conservatives were born in the London Borough of Hammersmith & Fulham and the labour Chelsea supporters were born in Hammersmith, Westminster or Sutton.
Your post is stupid. |
spot on there mate, ive read some utter shit on here in my time, 99% of it supplied by my own fair hands, but that had to be the most pious, self righteous , insulting post to QPR fans ive ever read on here,
on what alternate reality is it right that a QPR fan on here should tell those of us who dont vote labour should support another team!!... even writing that down has me doing a lou ferrigno st vitus dance after a blast of gamma rays.
the only person id let get away making a statement like that is my hero gerry francis and he still get a chinese burn for it, before i apologise and let him shag the mrs in the full kit while i warm his slippers up for him. [Post edited 27 Apr 2015 9:23]
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| "...The monkey is never dead, Dealer. The monkey never dies. When you kick him off, he just hides in a corner, waiting his turn." |
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| Labour - private rent controls on 11:03 - Apr 27 with 1491 views | Clive_Anderson |
Private rent controls have proved time and again to restrict supply and drive up rents overall.
Here in Portugal they've had them for years and it means the big cities have thousands of dilapidated properties in the centres because the owners have no incentive to renovate them as they can't charge enough rent to cover the costs. The result means a massive fall in the amount of available properties the remainder of which just get divided up into much smaller units to go below the rental cap.
The problem with property in the UK is that planning permission is almost impossible to get for anyone except a handful of the large builders, so it reduces supply and therefore drives up rents. It's not exactly rocket science. In Germany 60% of houses are self build, whereas it is practically nothing in the UK.
But it suits both parties the way it is because the Tories love charging high private rents and Labour love putting the poor into council ghettos where they can boss them about. And MPs from all parties have BTL portfolios that they bought with expenses money. Brilliant eh? | | | |
| Labour - private rent controls on 11:09 - Apr 27 with 1476 views | DWQPR |
I let a property, which I have owned for the last ten years. In that time I have had three tenants and have put up the rent by £50 per month over the last decade and with no rise in the last 6 years. I appreciate my tenants and the fact that they do look after the property. Five years ago I sacked the letting agent after a series of deductions from my monthly payments for so called 'maintenance bills'. I challenged him to the point that I should have been contacted about these issues before agreeing to the work being carried out and that I now expected the invoices within one hour or a refund. If neither occurred then I was to contact the police. I got the refunds and they got the sack. Letting agents are greedy bar stewards beyond belief. I shudder when I hear some of the stories about unscrupulous landlords and I really do believe that there should be legislation in place that confiscates property if it isn't fit to live in. | |
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| Labour - private rent controls on 11:30 - Apr 27 with 1449 views | ElHoop |
| Labour - private rent controls on 11:09 - Apr 27 by DWQPR |
I let a property, which I have owned for the last ten years. In that time I have had three tenants and have put up the rent by £50 per month over the last decade and with no rise in the last 6 years. I appreciate my tenants and the fact that they do look after the property. Five years ago I sacked the letting agent after a series of deductions from my monthly payments for so called 'maintenance bills'. I challenged him to the point that I should have been contacted about these issues before agreeing to the work being carried out and that I now expected the invoices within one hour or a refund. If neither occurred then I was to contact the police. I got the refunds and they got the sack. Letting agents are greedy bar stewards beyond belief. I shudder when I hear some of the stories about unscrupulous landlords and I really do believe that there should be legislation in place that confiscates property if it isn't fit to live in. |
Haven't got time to read all of this, but in case someone hasn't already said it, won't landlords now be putting up their rents to the current market level in case Ed gets in and stops them putting them up to market levels in the future? |  | | |
| Labour - private rent controls on 11:51 - Apr 27 with 1439 views | robith |
| Labour - private rent controls on 21:49 - Apr 26 by Northernr |
Well whether this is the answer, something very serious has to be done and very quickly in the private rental sector because, particularly in London, there are some absolutely disgraceful practices going on.
For instance, Simmo and I have just been chased for a £99.96 "admin fee" for our tenancy renewal. Now the tenancy renewal consists of the letting agent calling up the same contract we've signed for the last four years, changing the dates on it to 2015/16 and then e-mailing it to us. That's it. The terms state we have to then print it off (25 sheets) at our time and expense, sign every single sheet, and then post it back to them recorded delivery (at our time and expense again). They then send us another e-mail saying the tenancy is renewed. Like I say, that's £99.96 worth of admin apparently. The admin fee for a renewal is actually £49.96, but as we agreed to a slight rent increase with our landlord this time, it doesn't count as a renewal, so it's an extra £50 for them to changed £1,067 per month to £1,100 per month in clause one. I've now paid just shy of £400 in admin fees over four years to sign essentially the same piece of paper I signed in 2011.
That's without getting into whether £1,100 per month (which is pretty good relative to what other people on our block pay) is an acceptable amount of money to pay to rent a flat.
When I first moved in here it cost me the best part of £4,000 to do it. There was a deposit of £1,500, there was a month's rent up front, there was an "inventory fee" which was just shy of £500 for an independent person to come round with me and the landlady and make a list of everything that was in the flat, there was an admin fee for signing the contract, an admin fee for the deposit, an admin fee for the inventory. We looked round the place at 11am and liked it, but had other appointments later in the day. The lettings agent told us they expected it to be gone by the end of the day and we should get it signed if we wanted it, so that £4,000 had to be found by about 1pm.
I've since become quite friendly with the private landlord who is absolutely brilliant with us, and she told me a couple of years later that after we'd signed the deal, paid the deposit etc but before we'd moved in, the lettings agent continued taking bookings to show people around, and told the other people if they offered more in rent per month than us then they'd advise the landlady to take their offer - luckily she did the decent thing and stuck with us but during a one month notice period at previous jobs a flat I thought was secured and mine was being hawked around by the lettings agent. They could have rung me a fortnight before I was due to move to London and start my job that actually the flat had gone somewhere else, or was going somewhere else unless I agreed to vastly increased rent.
Whenever you complain about these admin fees or their behaviour or anything else, you get a stock reply of "I've just called up your agreement and notice that you've signed the page where this is mentioned and therefore agree to it" - as if it's voluntary, as if we could cross that bit out and not agree to it and still be able to stay in our home.
And that's all without going into the fact that it's a one year tenancy with a six month break clause in it, so I've never got any idea if I'll be able to stay here past April.
It's also without going into the fact the letting agent have told the landlady that the flat is worth £1,400-£1,500 a month and she should up the rent to that immediately, constantly badgering her that they have prospective tenants who would pay more than us, while at the same time badgering us with phone calls every time the renewal comes around saying they could get us a better deal elsewhere. Again, we're lucky she does the decent thing and sticks with us, knowing that we're model tenants and will look after her place in return.
This post has been edited by an administrator |
A story you'll hear a lot. Have had some horrors in the past. A letting agent who had the misfortune to be near my wife's place of work and she went in twice a day loudly complaining about their failure to return our deposit until they caved just to get here to go away.
Recently had to move 3 months before my wedding as having signed a renewal, a month later the landlady declared she hadn't signed it and sold it. Stuck with the same letting agents as they've actually been pretty decent and offered to charge no admin fees if we took another of their properties. A compelling offer once we went to see another place and the agent wanted a non refundable £250 fee for making an offer to rent it.
The whole system is rotten and on the verge of collapse.
Also for the OP - we have almost three quarters of a million homes in the UK empty - over 200k of them have been empty longer than 6 months. But sure, immigration is the problem |  | | |
| Labour - private rent controls on 12:00 - Apr 27 with 1430 views | Clive_Anderson |
"we have almost three quarters of a million homes in the UK empty - over 200k of them have been empty longer than 6 months"
Any property market is going to have some empty properties, due to working abroad, deaths, being on sale whilst waiting for a buyer etc.
200K is about 0.7% of the total UK housing stock which is not particularly high. I don't think it is empty properties that is causing the housing crisis. | | | |
| Labour - private rent controls on 12:11 - Apr 27 with 1417 views | Maggsinho |
| Labour - private rent controls on 12:00 - Apr 27 by Clive_Anderson |
"we have almost three quarters of a million homes in the UK empty - over 200k of them have been empty longer than 6 months"
Any property market is going to have some empty properties, due to working abroad, deaths, being on sale whilst waiting for a buyer etc.
200K is about 0.7% of the total UK housing stock which is not particularly high. I don't think it is empty properties that is causing the housing crisis. |
So, what is causing the housing crisis then? Net migration (298k) was 1% of UK housing stock last year so presumably isn't causing it either. |  | | |
| Labour - private rent controls on 12:15 - Apr 27 with 1409 views | Clive_Anderson |
| Labour - private rent controls on 12:11 - Apr 27 by Maggsinho |
So, what is causing the housing crisis then? Net migration (298k) was 1% of UK housing stock last year so presumably isn't causing it either. |
The artificial restriction of supply by the government. Just try and buy a plot of unused land and apply for planning permission.
I would say 3 million extra people over a decade does have an effect on demand. | | | |
| Labour - private rent controls on 12:18 - Apr 27 with 1401 views | Juzzie |
| Labour - private rent controls on 12:15 - Apr 27 by Clive_Anderson |
The artificial restriction of supply by the government. Just try and buy a plot of unused land and apply for planning permission.
I would say 3 million extra people over a decade does have an effect on demand. |
Restriction forces property prices up, higher prices means more income via stamp duty.
Conspiracy?
edit: I reckon we paid £3,000 more in stamp duty than we really 'should' have. I think we paid just above the average current price for the property we bought a year ago.
There are on avearge 1.5 million houses bought/sold, that's an EXTRA £4.5billion pounds in tax the goverment get on top of what they already get in stamp duty simply because prices are high.
It took years for them to adjust the stamp duty to reflect higher prices and even now it's still too much IMO.
We had to pay £8,400 in total for what exactly?? What do we get for this payment? Nothing, that's what.
Again, conspiracy?
[Post edited 27 Apr 2015 12:30]
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| Labour - private rent controls on 12:23 - Apr 27 with 1392 views | Clive_Anderson |
| Labour - private rent controls on 12:18 - Apr 27 by Juzzie |
Restriction forces property prices up, higher prices means more income via stamp duty.
Conspiracy?
edit: I reckon we paid £3,000 more in stamp duty than we really 'should' have. I think we paid just above the average current price for the property we bought a year ago.
There are on avearge 1.5 million houses bought/sold, that's an EXTRA £4.5billion pounds in tax the goverment get on top of what they already get in stamp duty simply because prices are high.
It took years for them to adjust the stamp duty to reflect higher prices and even now it's still too much IMO.
We had to pay £8,400 in total for what exactly?? What do we get for this payment? Nothing, that's what.
Again, conspiracy?
[Post edited 27 Apr 2015 12:30]
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Larger government generally means more market intervention which means more distortions and a less functioning market place.
Plus obviously those in power are going to use it to their advantage by buying up places to rent out at a profit which is a complete conflict of interests. One third of MPs own buy to let properties:
http://www.newstatesman.com/economics/2014/02/what-hope-there-generation-rent-wh
There weren't huge booms and busts in the housing market before planning permission was needed in 1948, people just built houses for themselves when they needed them. | | | |
| Labour - private rent controls on 12:29 - Apr 27 with 1383 views | Nov77 |
I see Red Ed is abolishing stamp duty for 1st time buyers up to £300k. I'm sure that will win him a few votes but won't actually help 1st time buyers as sellers will just increase their price. |  |
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