Greg Bowman Posted January 12, 2013 Share Posted January 12, 2013 It might be better to extend the existing HMRC scheme to make sure all rented houses are declared by law and tax is being paid. It would be an idea to offer longer leases as standard to agreeing tenants and landlords but without onerous longhold tenancy issues. +1 easiest way to get better more professional landlords and so easy to do on an asset without wheels or legs. That is the market working properly, so for all who say the renting market has failed it hasn't it has been distorted and we have laws going back to 1066 which would put a framework in place to enable it to function properly. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted January 12, 2013 Share Posted January 12, 2013 Yes, doctors in their mansions with 40+ BTLs to pass to their children. I think by "professional" the OP was referring to people who's primary income is from letting as opposed to those who dabble in it - not doctor teachers and accountants lol. Quote Link to comment Share on other sites More sharing options...
the shaping machine Posted January 12, 2013 Share Posted January 12, 2013 I think by "professional" the OP was referring to people who's primary income is from letting as opposed to those who dabble in it - not doctor teachers and accountants lol. How about placing council housing on a totally commercial basis, separating it from the social subsidy provision. These large semi-public landlords would be able to set a baseline standard that the rest of the market would have to match. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted January 12, 2013 Share Posted January 12, 2013 (edited) How about placing council housing on a totally commercial basis, separating it from the social subsidy provision. These large semi-public landlords would be able to set a baseline standard that the rest of the market would have to match. I believe they are already doing that, hence inflation busting rent rises, and why in a few years a singleton on NMW won't be able to even afford a council flat. In my town in common with many others, the legacy stock is maintained by an ALMO and the aim is for these to become self supporting. New social housing (yes there is some) tends to be built and managed via PFI agreements Edited January 12, 2013 by Secure Tenant Quote Link to comment Share on other sites More sharing options...
the shaping machine Posted January 12, 2013 Share Posted January 12, 2013 (edited) I believe they are already doing that, hence inflation busting rent rises. I'm suggesting something slightly different. First set up a local housing PLC which would own and run all the current council housing (the LA might own 100% of the shares). Then rent all the properties on a market basis, though perhaps with better terms than is now typical. The council could rent some of the properties for its social tenants, and if the business were well run it should make some money from the open market tenants. Fully private landlords would have to match the new standard, or go out of business. By analogy it would be a bit like the relationship between the BBC and ITV. Edited January 12, 2013 by the shaping machine Quote Link to comment Share on other sites More sharing options...
Anna_1980 Posted January 12, 2013 Share Posted January 12, 2013 yes, but market is so distorted by the government intervention that it would take a long period of time to get to point of working relationship Quote Link to comment Share on other sites More sharing options...
BNS Posted January 12, 2013 Share Posted January 12, 2013 So wait a second. The government are considering government intervention... To cure a problem which was caused by government intervention. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted January 12, 2013 Share Posted January 12, 2013 Me too, although I vote for anybody who will introduce a meaningful social housing building program, which will drive rental prices down as there will be more choice and not monopoly of greed... Talking about monopoly, interesting game - anybody played it this Xmas? We picked up 'here and now' monopoly for next to nothing. it's the one with the credit card banking thing. Not played it yet though. Quote Link to comment Share on other sites More sharing options...
cybernoid Posted January 12, 2013 Share Posted January 12, 2013 Breaking your legs then vaguely offering the possibility of the use of a crutch. Thanks. Quote Link to comment Share on other sites More sharing options...
Venger Posted January 12, 2013 Share Posted January 12, 2013 I think by "professional" the OP was referring to people who's primary income is from letting as opposed to those who dabble in it - not doctor teachers and accountants lol. aa3 isn't calling for that though. Full time landlords are only interested in rinsing tenants for as much as they can get as well. They're draining the lifeforce of others, as they kick back and congratulate themselves on their 'work'. A crash in prices and in rental values would sort many of them out, returning property back to the market for younger buyers to, you know, actually have a chance of affording. Its something that over many years, like 30+ years, can build capital, and produce a modest income per unit/house. I recommend BTL to people with very high incomes, like specialist doctors, as something to build up capital to pass on to their children and grandchildren. These are people who actually invest and maintain their properties; they hire a commercial operator and follow their recommendations. It is a professional level approach.The real payoff comes many years from now, like 30-40 years, when you have 40 units, and the early ones are now paid off. But even then you won't be a super rich person. 40 units, each bringing in net income of £4,000 a year, is £160,000 a year. But assuming you have a small family, it is an incredible advantage for those children. Quote Link to comment Share on other sites More sharing options...
BNS Posted January 12, 2013 Share Posted January 12, 2013 Breaking your legs then vaguely offering the possibility of the use of a crutch. Thanks. You forgot to mention: For a ursurous fee of course Quote Link to comment Share on other sites More sharing options...
yokel Posted January 12, 2013 Share Posted January 12, 2013 To be fair to Labour (and, yes, they did create most of the problem), they brought in the deposit protection scheme and had a measure in the pipeline to license private landlords. Shapps cancelled it (called it red tape/bureaucracy). Even a list or register could have a big effect - prospective tenants would check the landlord was on it. HMRC would check that those on it were paying their dues, such as they are, and voters could see where the VIs were including local councillors and MPs. Interesting strategy to target private renters - now including millions of families as well as students - there are more renters than there are landlords. Y Quote Link to comment Share on other sites More sharing options...
Freeholder Posted January 12, 2013 Share Posted January 12, 2013 If by 'increase security for tenants' Milliband means to take us back to Labours last such effort, the Rent Act 1977, that would collapse the private rental market and we would have a house price crash. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 12, 2013 Share Posted January 12, 2013 Trying to put an acceptable face on renting for the benefit of the rentier class that own him. If Milliband was a socialist he would impose taxes that crushed BTL. How about a 90% CGT on second homes and a 75% tax on BTL sales with a one-off 20% reduction for the first year after the policy is announced? People renting have first choice to buy any property a landlord is selling as they rush for the exits. It would create plenty of business for estate agents? Quote Link to comment Share on other sites More sharing options...
jaspers Posted January 12, 2013 Share Posted January 12, 2013 "(To the tune of Marching Through Georgia.) Sound the call for freedom boys, and sound it far and wide, March along to victory, for God is on our side, While the voice of nature thunders o'er the rising tide: "God gave the land to the people." Chorus The land, the land, 'Twas God who made the land, The land, the land, The ground on which we stand, Why should we be beggars With the ballot in our hand? God gave the land to the people. Hark! The sound is spreading from the east and from the west! Why should we work hard and let the landlords take the best? Make them pay their taxes on the land just like the rest! The land was meant for the people. Chorus Clear the way for liberty, the land must all be free, None of us shall falter from the fight tho' stern shall be. 'Til the flag we love so well shall fly from sea to sea, O'er the land that is free for the people. Chorus The army now is marching on, the battle to begin, The standard now is raised on high to face the battle din, We'll never cease from fighting 'til the victory we win, And the land is free for the people. Chorus" Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted January 12, 2013 Share Posted January 12, 2013 Trying to put an acceptable face on renting for the benefit of the rentier class that own him. If Milliband was a socialist he would impose taxes that crushed BTL. How about a 90% CGT on second homes and a 75% tax on BTL sales with a one-off 20% reduction for the first year after the policy is announced? People renting have first choice to buy any property a landlord is selling as they rush for the exits. It would create plenty of business for estate agents? Miliband is just staying loyal to the Labour Party's historic mission which is to pretend to be a reforming socialist party while at the same time ensuring nothing is done to change the status quo in the UK. If he was a true socialist he would oppose the very concept of extracting rent from land as a tax on labour and production. Still it is at least good to hear the topic at least getting an airing in the main stream media Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted January 12, 2013 Share Posted January 12, 2013 Interesting the BBC has a quote "One Nation Labour has learnt the lessons of the financial crisis," he said."It begins from the truth that New Labour did not do enough to bring about structural change in our economy to make it work for the many, not just the few. Is he referring to Gordon Brown here or himself? One Nation Labour ? the ONL... Quote Link to comment Share on other sites More sharing options...
sammysnake Posted January 12, 2013 Share Posted January 12, 2013 Just a thought here Miliband, along with the labour party are lying, incompetent, treasonous, bastards. No amount of words will ever deflect the damage caused by their policies Void. Quote Link to comment Share on other sites More sharing options...
tomandlu Posted January 12, 2013 Author Share Posted January 12, 2013 Just a thought here Miliband, along with the labour party are lying, incompetent, treasonous, bastards. No amount of words will ever deflect the damage caused by their policies Void. Agreed - which is why I, as a natural labour voter, have not voted for them since 98 and will not be voting for them at the next election (bar a miracle). Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted January 13, 2013 Share Posted January 13, 2013 Why has it taken so long for this to be even mentioned? This should be a staple policy of the Labour Party since the year dot. Ridiculous. I'm taking a really wild guess here, but could it possibly be because they've just realised there might be votes in it? Quote Link to comment Share on other sites More sharing options...
porca misèria Posted January 13, 2013 Share Posted January 13, 2013 I'm taking a really wild guess here, but could it possibly be because they've just realised there might be votes in it? Militrouble is also the first labour leader probably too young to remember the catastrophic results of the last attempt to 'protect' private tenants. I think it could work much better if done competently, but his party's track record is scary. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 13, 2013 Share Posted January 13, 2013 Demographics. I'm a 37 year old child of Fatcher supposedly doing well that can't afford to buy the home I live in, and can get kicked out within two months on the landlord's whim, potentially screwing up my chances of getting my kids into the school we want. There must be a lot of votes in this kind of thing for the 25-40-year old age group, and the numbers will only rise in the coming decade. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 14, 2013 Share Posted January 14, 2013 Churn is very profitable for the EA all of those lovely fees coming in from tenant and landlord. If I had a property to rent I'd offer a long term deal. Like everything else in the country it's all about short termism. Quote Link to comment Share on other sites More sharing options...
JustAnotherProle Posted January 14, 2013 Share Posted January 14, 2013 Beware, the common purpose drone also known as Milliband is trying to reprogram those desperate enough to listen using the tried and tested NLP ( neuro linguistic programming) technique he was taught at his last CP refresher course. Well done, and a nice try but the constant repetitive referral to "One Nation Labour" is a dead give away, together with the "heartfelt concern™" and " it's the right thing to do ™" it is of course all lies and people will do well to remember that all promises by them and any attempt at re-branding the "UK Socialist Party number 2 - as opposed to the 1 and 3 currently in power" should be treated as one would treat a box of dog mess, it doesn't matter how well it is wrapped, it is still Sh*t. All this pre coffee too Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted January 14, 2013 Share Posted January 14, 2013 Beware, the common purpose drone also known as Milliband is trying to reprogram those desperate enough to listen using the tried and tested NLP ( neuro linguistic programming) technique he was taught at his last CP refresher course. Well done, and a nice try but the constant repetitive referral to "One Nation Labour" is a dead give away, together with the "heartfelt concern™" and " it's the right thing to do ™" it is of course all lies and people will do well to remember that all promises by them and any attempt at re-branding the "UK Socialist Party number 2 - as opposed to the 1 and 3 currently in power" should be treated as one would treat a box of dog mess, it doesn't matter how well it is wrapped, it is still Sh*t. All this pre coffee too nonsense, they are redesigning the party into Nu2 Labour Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.