Page 1 of 10 1234 ... LastLast
Results 1 to 10 of 91
  1. #1
    Longing for retirement. AmexRuislip's Avatar
    Join Date
    Feb 2014
    Posts
    22,122

    Rental price freezing.


    0 Not allowed!
    A BBC report, stating that Berlins left wing government has approved a plan to freeze rental prices in the capital for the next five years.
    It may only apply to 1.4 million properties, but not for new builder social housing, which is regulated separately.
    Perhaps some of the UKs cities can learn from this decision and implement in to our high rental pricing.

    When we first came up here in 1996, we rented a one bed flat for a year at £450 p/m.
    Now £1000 p/m.
    Our flat was one of nine flats owned and rented out by a retired judges, so the mind boggles on their retirement plans.
    Luckily we now own our own house, where the mortgage has been paid off.
    I sympathise with singletons and couples who struggle to find affordable rent, especially within the London boundaries.

    More >>>>>>>>>>>>>>>

    • North Stand Chat

      advertising
      Join Date: Jul 2003
      Posts: Lots

        


    • #2
      Pokerstoving Hands
      Join Date
      Jul 2003
      Location
      Horsham
      Posts
      579


      0 Not allowed!
      Why mess with a free market economy?
    • #3
      Members Herr Tubthumper's Avatar
      Join Date
      Jul 2003
      Location
      The Fatherland
      Posts
      47,571


      2 Not allowed!
      This has been a huge discussion over here for some time now. The city has also introduced legislation to severely halt the March of AirBnB as well; this has had quite an impact.
      "I will design a town in the image of your face. Round the wrinkles of your eyes my footsteps you can trace. We could promenade down infra-nasel depression. The streets of your hands will never feel a recession."
    • #4
      Members Weststander's Avatar
      Join Date
      Aug 2011
      Location
      Withdean area
      Posts
      28,248


      4 Not allowed!
      The overwhelming need is to build millions more homes. Our population has increased by 8 million since 1997, as well as all the people living off the radar, plus family units are smaller due to divorce etc.

      Freezing rents won’t create the three million new homes Shelter state we need. It’s so unfair on the millions of people living on sofas, families with relatives or friends, in B&B’s, and bodged outbuildings and loft spaces illegally squeezed in by unscrupulous landlords.
    • #5
      A. Virgo, Football Genius
      Join Date
      Jul 2003
      Posts
      26,953


      4 Not allowed!
      consensus of economists is that rent control is a bad idea. two main objections are it reduces the amount of rental property available and lowers quality. why would landlords invest if there is no return? rent in London is utterly ridiculous, but the solution is in increasing supply not reducing it, or making incentives to locate elsewhere.
      Daily Mail readers are living in a perpetual hell, expecting their homes to be overrun at any minute by hoodie wearing, skunk smoking, muslim, transgender, asylum seekers.
    • #6
      Members Herr Tubthumper's Avatar
      Join Date
      Jul 2003
      Location
      The Fatherland
      Posts
      47,571


      0 Not allowed!
      Quote Originally Posted by beorhthelm View Post
      This quote is hidden because you are ignoring this member. Show Quote
      consensus of economists is that rent control is a bad idea. two main objections are it reduces the amount of rental property available and lowers quality. why would landlords invest if there is no return? rent in London is utterly ridiculous, but the solution is in increasing supply not reducing it, or making incentives to locate elsewhere.
      The consensus for Berlin/Germany or London/U.K.?
      "I will design a town in the image of your face. Round the wrinkles of your eyes my footsteps you can trace. We could promenade down infra-nasel depression. The streets of your hands will never feel a recession."
    • #7
      A. Virgo, Football Genius
      Join Date
      Jul 2003
      Posts
      26,953


      0 Not allowed!
      Quote Originally Posted by Herr Tubthumper View Post
      This quote is hidden because you are ignoring this member. Show Quote
      The consensus for Berlin/Germany or London/U.K.?
      world consensus, basic economics goes beyond individual cities or politics.
      Daily Mail readers are living in a perpetual hell, expecting their homes to be overrun at any minute by hoodie wearing, skunk smoking, muslim, transgender, asylum seekers.
    • #8
      Members
      Join Date
      Jul 2012
      Posts
      1,307


      1 Not allowed!
      Quote Originally Posted by beorhthelm View Post
      This quote is hidden because you are ignoring this member. Show Quote
      consensus of economists is that rent control is a bad idea. two main objections are it reduces the amount of rental property available and lowers quality. why would landlords invest if there is no return? rent in London is utterly ridiculous, but the solution is in increasing supply not reducing it, or making incentives to locate elsewhere.
      They would say that wouldn't they? I would too if I had a vested interest. Buy to let landlords moved their money into property when their interest income was substantially reduced when rates were dropped due to the banking crises, and of course the governments decision to release pension pots so those who wished could invest in second/ third or more properties.
    • #9
      Longing for retirement. AmexRuislip's Avatar
      Join Date
      Feb 2014
      Posts
      22,122


      0 Not allowed!
      Quote Originally Posted by Herr Tubthumper View Post
      This quote is hidden because you are ignoring this member. Show Quote
      This has been a huge discussion over here for some time now. The city has also introduced legislation to severely halt the March of AirBnB as well; this has had quite an impact.
      In Hillingdon, a lot of the affordable housing has gone over to Notting Hill housing association, who have expanded big time into the borough.
      This is happening a lot in London, where boroughs are crossing over to gain the housing compliment.
    • #10
      Dunscouting sully's Avatar
      Join Date
      Jul 2003
      Location
      Hurstpierpoint
      Posts
      7,003


      2 Not allowed!
      Quote Originally Posted by golddene View Post
      This quote is hidden because you are ignoring this member. Show Quote
      They would say that wouldn't they? I would too if I had a vested interest. Buy to let landlords moved their money into property when their interest income was substantially reduced when rates were dropped due to the banking crises, and of course the governments decision to release pension pots so those who wished could invest in second/ third or more properties.
      So what do you think will happen to the quality of rental property if the rents were frozen / capped / reduced?

      Unless the government are going to supply the housing and subsidise it, trying to control rents artificially won’t work. In fact, it’s far more likely to make matters worse.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •