| Labour - private rent controls 06:46 - Apr 26 with 13239 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 12:32 - Apr 27 with 1519 views | robith |
| 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. |
I didn't saying it was causing it - it's indicative of the underlying causes - more that if it was pure supply and demand as the OP said then all those homes would be full.
It's supply and demand in another way, the restriction of supply to increase the value of demand. We stopped building houses and now the value in that property has increased to the point where people who have it would rather leave it empty than become a home for someone else, and no one wants to rock the boat.
I am university educated, I have director in my job title and I can no longer afford to live in the city I was born and bred in. I've long realised I will probably never be able to buy a house in my lifetime, and I'm the tip of an entire generation. I'm no longer a Labour voter, but at least they're looking at a problem that is threatening to cripple this country. |  | | |
| Labour - private rent controls on 12:36 - Apr 27 with 1513 views | Juzzie |
| Labour - private rent controls on 12:29 - Apr 27 by 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. |
How will a seller know if a prospective buyer is a first time buyer? I'd like to think (hope!) that any information would be kept between the estate agent and the potential buyer.
Once sold, it's up to the buyer and their solictor to sort out what stamp duty is owed.
Personally it should be scrapped or reduced severely, it's a disgrace. My girlfriend and I want to move in a year or two but are hampered by having to potentially pay another £8k-10k in tax on top of the £8400 paid just last year. That's the best part of £20,000 paid out for absolutely nothing in return. Money that would be a major boost to us for other things, especially for our young son.
Why should anyone be penalised financially like this? It's a big black cloud on our decsion to move.
We're not in it to make lotsa luvverly money, we just want to better ourselves and have a nice home for us and our new son. Why is that so wrong?
[Post edited 27 Apr 2015 12:46]
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| Labour - private rent controls on 12:42 - Apr 27 with 1500 views | Clive_Anderson |
| Labour - private rent controls on 12:32 - Apr 27 by robith |
I didn't saying it was causing it - it's indicative of the underlying causes - more that if it was pure supply and demand as the OP said then all those homes would be full.
It's supply and demand in another way, the restriction of supply to increase the value of demand. We stopped building houses and now the value in that property has increased to the point where people who have it would rather leave it empty than become a home for someone else, and no one wants to rock the boat.
I am university educated, I have director in my job title and I can no longer afford to live in the city I was born and bred in. I've long realised I will probably never be able to buy a house in my lifetime, and I'm the tip of an entire generation. I'm no longer a Labour voter, but at least they're looking at a problem that is threatening to cripple this country. |
Well I agree, the restriction on building and the Green Belt around London and other cities has priced out a generation.
That and the increase in available credit to bid up the price with. It's crazy that the government keeps throwing money at propping up house prices through shared ownership and Help to Buy under the guise of "helping first time buyers" when it just increases the price yet further.
Mind you Labour need to take their fair share of the blame, prices were reasonable in 1997 when they got in and had tripled in under a decade. And their solutions are just as anti free market as the Tories and will make things worse not better. The government needs to stop meddling in the land market, but they just can't help themselves.
Funnily enough the only party with a policy that will actually help are the Greens with a land tax, but of course they want to combine it with even more protection for the green belt and restricted building. |  | | |
| Labour - private rent controls on 12:52 - Apr 27 with 1472 views | Nov77 |
| Labour - private rent controls on 12:32 - Apr 27 by robith |
I didn't saying it was causing it - it's indicative of the underlying causes - more that if it was pure supply and demand as the OP said then all those homes would be full.
It's supply and demand in another way, the restriction of supply to increase the value of demand. We stopped building houses and now the value in that property has increased to the point where people who have it would rather leave it empty than become a home for someone else, and no one wants to rock the boat.
I am university educated, I have director in my job title and I can no longer afford to live in the city I was born and bred in. I've long realised I will probably never be able to buy a house in my lifetime, and I'm the tip of an entire generation. I'm no longer a Labour voter, but at least they're looking at a problem that is threatening to cripple this country. |
looking at your chart, border controls were abolished by labour in 2004. that is where the huge spike in prices begins. |  |
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| Labour - private rent controls on 13:09 - Apr 27 with 1442 views | baz_qpr |
| Labour - private rent controls on 12:32 - Apr 27 by robith |
I didn't saying it was causing it - it's indicative of the underlying causes - more that if it was pure supply and demand as the OP said then all those homes would be full.
It's supply and demand in another way, the restriction of supply to increase the value of demand. We stopped building houses and now the value in that property has increased to the point where people who have it would rather leave it empty than become a home for someone else, and no one wants to rock the boat.
I am university educated, I have director in my job title and I can no longer afford to live in the city I was born and bred in. I've long realised I will probably never be able to buy a house in my lifetime, and I'm the tip of an entire generation. I'm no longer a Labour voter, but at least they're looking at a problem that is threatening to cripple this country. |
How dare you come in with facts and a graph on this thread! |  | | |
| Labour - private rent controls on 13:34 - Apr 27 with 1422 views | R_from_afar |
| Labour - private rent controls on 16:42 - Apr 26 by W5R |
Religion has no place in the world.
Politics however does - don't you remember how we were all treated under Thatcher?
And re "who to vote for" - you have to consider the system and safe seats
Well, lets take the Uxbridge Road.
Live in Uxbridge and Conservatives will win. Live in Hayes and Labour will win. Live in Southall and Labour will win. Live in Ealing and that's 50/50. Live in Acton and Labour will win. Live in W12 and Labour will win.
Our close fan base are Labour and Ealing aside (although Labour are leading the polls there) that won't be changing anytime soon.
No self respecting working class football fan would ever vote Conservative. Only the scum and their "fans" do that. |
"Religion has no place in the world".
You what? There are billions of religious people in this world and only a miniscule percentage are trouble makers.
RFA |  |
| "Things had started becoming increasingly desperate at Loftus Road but QPR have been handed a massive lifeline and the place has absolutely erupted. it's carnage. It's bedlam. It's 1-1." |
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| Labour - private rent controls on 13:38 - Apr 27 with 1418 views | Discodroids |
i just thank the lord i got out of selling blood diamonds at the peak of the market . Moreover ,my portfolio in the import / export of cocaine and fair trade khat augmented with my money lending shop on the high street next to a sprawling council estate of somalis , single mothers and the disabled has hit record highs .
the yield on my legal highs head shop, supplying bath salts at a 500% mark up to impoverished students in the sink estates has proved also to be most fruitful thus rendering my leafy estate in north chingford not fit for a man of my means.time to cash in what what.
as luck would have it my property has gone up 90% since i bought it 2006 thus releasing funds for a charitable donation to the 1922 comittee benevolent fund.
but charity begins at home my old matron at boarding school would say, so i also popped a new tea bag in the romanian beggar with no nose top pocket this morning ,outside primark in stratford..oh the joy in her face!,, tears of joy wetting the ruddy dry cracks in her cheeks and a wail of ethnic good tidings ringing in my ears.
ive heard that asian sweat shops mass producing 'this is what a feminist looks like' t shirts to islington mp's is more profitable than my brothel supplying bulgarian women to pakistani men in ilford lane .. i must look into it.
my hedge fund is on the up and up and my libor interest is higher than the sun , so if labour tighten up the laws on my renting sheds out in walthemstow to 13,000 poles that they said would come to england, then one must'nt complain to loudly..ive had a good run.
[Post edited 27 Apr 2015 14:42]
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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 13:41 - Apr 27 with 1408 views | AgedR |
| Labour - private rent controls on 13:38 - Apr 27 by Discodroids |
i just thank the lord i got out of selling blood diamonds at the peak of the market . Moreover ,my portfolio in the import / export of cocaine and fair trade khat augmented with my money lending shop on the high street next to a sprawling council estate of somalis , single mothers and the disabled has hit record highs .
the yield on my legal highs head shop, supplying bath salts at a 500% mark up to impoverished students in the sink estates has proved also to be most fruitful thus rendering my leafy estate in north chingford not fit for a man of my means.time to cash in what what.
as luck would have it my property has gone up 90% since i bought it 2006 thus releasing funds for a charitable donation to the 1922 comittee benevolent fund.
but charity begins at home my old matron at boarding school would say, so i also popped a new tea bag in the romanian beggar with no nose top pocket this morning ,outside primark in stratford..oh the joy in her face!,, tears of joy wetting the ruddy dry cracks in her cheeks and a wail of ethnic good tidings ringing in my ears.
ive heard that asian sweat shops mass producing 'this is what a feminist looks like' t shirts to islington mp's is more profitable than my brothel supplying bulgarian women to pakistani men in ilford lane .. i must look into it.
my hedge fund is on the up and up and my libor interest is higher than the sun , so if labour tighten up the laws on my renting sheds out in walthemstow to 13,000 poles that they said would come to england, then one must'nt complain to loudly..ive had a good run.
[Post edited 27 Apr 2015 14:42]
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Good to have you back comrade |  |
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| Labour - private rent controls on 13:52 - Apr 27 with 1390 views | R_from_afar |
| 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 |
Reminds me of the story my sister-in-law told me about when she went to the solicitors to get a lasting power of attorney form signed in connection with her elderly mother, who has dementia.
When she questioned the £450 plus fee for this simple handle-turning activity, she was told by the legal secretary: "My time is charged at £115 per hour and the solicitor's at £230". My sister-in-law (a teaching assistant) said: "But I only earn £8 per hour!" Unbelievable!
RFA | |
| "Things had started becoming increasingly desperate at Loftus Road but QPR have been handed a massive lifeline and the place has absolutely erupted. it's carnage. It's bedlam. It's 1-1." |
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| Labour - private rent controls on 14:13 - Apr 27 with 1362 views | danehoop |
| Labour - private rent controls on 12:52 - Apr 27 by Nov77 |
looking at your chart, border controls were abolished by labour in 2004. that is where the huge spike in prices begins. |
Utter nonsense. Border controls were not abolished, but carry on reading the Daily Mail. |  |
| Never knowingly understood |
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| Labour - private rent controls on 14:30 - Apr 27 with 1339 views | Nov77 |
| Labour - private rent controls on 14:13 - Apr 27 by danehoop |
Utter nonsense. Border controls were not abolished, but carry on reading the Daily Mail. |
they were to the eastern european countries. carry on reading your daily mirror.
"Ten years ago this week, on 1 May 2004, Poland joined the European Union along with seven other eastern European countries. The UK was one of just three member states that allowed the new EU citizens immediately to work without restriction within its borders, with the then Labour government estimating that around 13,000 Poles would move to the UK.
Actual numbers wildly outstripped forecasts. The 2001 census recorded 58,000 Poles in the UK; by 2011, the figure had risen to 579,000. Since the beginning of this year, migrants from Romania and Bulgaria have swollen Britain's eastern European population, although as yet there is no reliable data on numbers."
and if you want the link to that piece, here it is, from the Guardian:
http://www.theguardian.com/uk-news/2014/apr/26/polish-immigration-britain-cities | |
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| ols on 14:53 - Apr 27 with 1306 views | Mvpeter |
| ols on 18:37 - Apr 26 by Brightonhoop |
Where's the ideology.? Private sector cannot provide social housing, fact, sel houses without restocking, or anything, and the supply shortage screws everything. Do so for 30 years with next to know building and it is the Market that is out of control. Fact, no ideology. |
Except that all economic theory shows that the supply shortage is caused directly and completely by government intervention. So yeah, opposite of fact. | |
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| Labour - private rent controls on 14:58 - Apr 27 with 1297 views | FDC |
| Labour - private rent controls on 15:03 - Apr 26 by AgedR |
Obviously we have different opinions, which is what makes life worth living tbh. However, I really have never understood the fear of lobbying groups which (whether or not it's as democratic as it could be) is a representative voice of working people, while at the same time we welcome with open arms business lobbying groups and pseudo independent 'think tanks' who represent a tiny minority of the interests of capital.
Disco's straw poll is interesting and I think may point to a Tory majority government. It's also fascinating to me how the left have embraced the SNP (a scottish nationalist party) whilst demonising UKIP (an English nationalist party). It's intellectual chauvinism from the left if you ask me. At that's from an old fashioned dialectic red. |
I'm up voting this for use of the word "dialectic" on LFW! I'm going to try to get "material conditions" in shortly. |  | | |
| Labour - private rent controls on 16:38 - Apr 27 with 1257 views | loftboy |
| Labour - private rent controls on 16:42 - Apr 26 by W5R |
Religion has no place in the world.
Politics however does - don't you remember how we were all treated under Thatcher?
And re "who to vote for" - you have to consider the system and safe seats
Well, lets take the Uxbridge Road.
Live in Uxbridge and Conservatives will win. Live in Hayes and Labour will win. Live in Southall and Labour will win. Live in Ealing and that's 50/50. Live in Acton and Labour will win. Live in W12 and Labour will win.
Our close fan base are Labour and Ealing aside (although Labour are leading the polls there) that won't be changing anytime soon.
No self respecting working class football fan would ever vote Conservative. Only the scum and their "fans" do that. |
I have never voted labour and never will. |  |
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| Labour - private rent controls on 16:40 - Apr 27 with 1254 views | karl |
| Labour - private rent controls on 13:38 - Apr 27 by Discodroids |
i just thank the lord i got out of selling blood diamonds at the peak of the market . Moreover ,my portfolio in the import / export of cocaine and fair trade khat augmented with my money lending shop on the high street next to a sprawling council estate of somalis , single mothers and the disabled has hit record highs .
the yield on my legal highs head shop, supplying bath salts at a 500% mark up to impoverished students in the sink estates has proved also to be most fruitful thus rendering my leafy estate in north chingford not fit for a man of my means.time to cash in what what.
as luck would have it my property has gone up 90% since i bought it 2006 thus releasing funds for a charitable donation to the 1922 comittee benevolent fund.
but charity begins at home my old matron at boarding school would say, so i also popped a new tea bag in the romanian beggar with no nose top pocket this morning ,outside primark in stratford..oh the joy in her face!,, tears of joy wetting the ruddy dry cracks in her cheeks and a wail of ethnic good tidings ringing in my ears.
ive heard that asian sweat shops mass producing 'this is what a feminist looks like' t shirts to islington mp's is more profitable than my brothel supplying bulgarian women to pakistani men in ilford lane .. i must look into it.
my hedge fund is on the up and up and my libor interest is higher than the sun , so if labour tighten up the laws on my renting sheds out in walthemstow to 13,000 poles that they said would come to england, then one must'nt complain to loudly..ive had a good run.
[Post edited 27 Apr 2015 14:42]
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And to think people say you're insane for watching Scottish football! Haha |  | | |
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