Bold Seagull
strong and stable with me, or...
We did have plenty of social housing but someone sold a lot of it off incredibly cheap….
When asked "who is going to provide private rental if you exclude anyone who borrows money to buy property?", you said "The same way as before BTL's were opened up to the mainstream?" and Ernest said "The government build enough social housing to house everybody" - that's not the same.I'm an advocate of social housing. Whilst I do not wish to speak on anyone's behalf I think he's agreeing with me.
For what it's worth I think there should be a balance of private and non-private renting. I'd tax BTLers to make it less profitable/favourable and bring in rent controls to stop private rent spiralling out of control.
Then move somewhere cheaper but still accessible to your workplace, you're not being forced to live in Brighton are you ?whilst I appreciate its a lot more difficult to get on the ladder than when I was younger , you're response does give the impression that you're not willing to make any sacrifices at all , whereas even in the eighties you had to save and prioritise to get your deposit.How are you meant to save any substantial amount of money (i.e. the 20k required for a deposit) when you are spending £800 on rent a month, try renting a single flat anywhere in Brighton for less that £750 a month, it is not possible. Then for most of Brighton you can stick £70 CT a month of top of that. And then Bills and then any transport you need for work because Brighton has barely any non service level jobs.
When asked "who is going to provide private rental if you exclude anyone who borrows money to buy property?", you said "The same way as before BTL's were opened up to the mainstream?" and Ernest said "The government build enough social housing to house everybody" - that's not the same.
Don`t know why you think buy to lets aren`t taxed...they sure are..
I don't believe it was your main suggestion - before BTLs were available, the government was not sorting out the housing of millions of people by building social housing. And I don't think Ernest was suggesting it was either - I think Ernest was suggesting it as a way forward now, but he was replying to my post about your comment on the past.But the government has built piles of social housing in the past, and before BTL, so this could be seen as part of my suggestion could it not?
To clarify I meant increase tax to make it less profitable/appealing.
For what it's worth I think there should be a balance of private and non-private renting. I'd tax BTLers to make it less profitable/favourable and bring in rent controls to stop private rent spiralling out of control.
Are you saying buy to let business should be taxed more than any other business ...
Then move somewhere cheaper but still accessible to your workplace, you're not being forced to live in Brighton are you ?whilst I appreciate its a lot more difficult to get on the ladder than when I was younger , you're response does give the impression that you're not willing to make any sacrifices at all , whereas even in the eighties you had to save and prioritise to get your deposit.
Are you saying buy to let business should be taxed more than any other business ...
I don't believe it was your main suggestion - before BTLs were available, the government was not sorting out the housing of millions of people by building social housing. And I don't think Ernest was suggesting it was either - I think Ernest was suggesting it as a way forward now, but he was replying to my post about your comment on the past.
Not sure there is anything wrong with a good private rental market to sit alongside a good social one. As with most things neither are perfect in real life and could be improved, in this case through regulation focused on minimising landlord abuse and by the government supporting more building projects. rs. He is a builder and knows he has a fair rent so fixes things around the place. I can see how it could all go wrong though.
No. One way is to remove interest as an expense. This will increase the tax on many BTLs and put a curb on borrowing.
Not sure there is anything wrong with a good private rental market to sit alongside a good social one. As with most things neither are perfect in real life and could be improved, in this case through regulation focused on minimising landlord abuse and by the government supporting more building projects. I stumbled into two BTLs which i still have and have had a good experience. I rent at below market rate to minimise voids and to give value for money and in one place have had a tenant for 9 years. He is a builder and knows he has a fair rent so fixes things around the place. I can see how it could all go wrong though.