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Labour Would Introduce Rent Controls If It Wins In 2015

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Over hearing a conversation is not 'policy!' :rolleyes:

True, but the Daily Mail publishing it will worry landlords readers. It's a start / every little helps?

Or it may be Labour using the Mail to test the popularity of this idea.

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It's got to the stage now where nothing any of representatives of any of the main parties say before or even after an election means anything.

Even their written and signed manifesto policies aren't worth the paper.

For certain an apparent stealth recording of when he was "addressing a private Labour meeting last month" has no significance whatsoever in terms of actual policy even if it's true that some union has mentioned it.

It might garner some votes but as for actual policy then no.

Next they'll be doing away with student loans/tuition fees - the lot of them.

Edited by billybong

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Jack Dromey is a dinosaur in the wrong job. He is a trade unionist who got the housing portfolio because Ed Miliband needs to keep the unions onside. He probably knows less about housing than the average HPCer, and given how kind the property market has been to his age group I doubt he cares much about the housing problems of young people.

Labour got through a housing minister every year or two during its 13 years in power. The position is not taken seriously by party leaders. The fact that Dromey is there now shows that like Blair and Brown, Miliband sees housing as a token portfolio which is useful when he needs to find a bit of room for somebody for political reasons.

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Have friends active in both main parties, and did put a flea in the ear of a Labour one about rent caps only the other day.

Interestingly all four of my actively Labour friends rent, whereas the three active Tories are BTL landlords. In the House of Commons it's decidedly different of course.

Problem is Labour often tailor policy to suit the Daily Mail swing voter, not policy that would benefit those who already actively support them.

Either way, if they actually committed to this with a solid understandable promise (more doubtful than Mr Doubtful the doubtful doubter who's feeling doubtful about his own capacity to doubt anymore) they'd have my vote.

Ditto any of the parties actually.

Edited by byron78

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Labour have been bouncing this about for a while now - just not not very successfully.

From December 2012

With longer term tenancies and predicable rents, the private rented sector will offer the affordable and stable homes that renters need. Families will feel that their rented house is a home and it will help strengthen communities as people put down roots and get to know their neighbours.

http://labourlist.org/2012/12/creating-a-private-rented-sector-based-on-long-termism-and-responsibility/

Interesting that they have actually picked up on the ruination of several communities brought on by transient renters, who do not, in many cases, put down roots, socialise or participate in building community spirit. Entire streets that were previously home owners or long term renters where people knew each other, took pride in their homes and gardens have been taken over by LL's and short term leases for renters. Sad. .

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Have friends active in both main parties, and did put a flea in the ear of a Labour one about rent caps only the other day.

Interestingly all four of my actively Labour friends rent, whereas the three active Tories are BTL landlords. In the House of Commons it's decidedly different of course.

Problem is Labour often tailor policy to suit the Daily Mail swing voter, not policy that would benefit those who already actively support them.

Either way, if they actually committed to this with a solid understandable promise (more doubtful than Mr Doubtful the doubtful doubter who's feeling doubtful about his own capacity to doubt anymore) they'd have my vote.

Ditto any of the parties actually.

Eh how can they have a committed promise, they actually went to court to legally prove there are no committed promises.

As for Rent controls, the UK already has them in the form Of Housing Benefit and planning restriction, theyre just at the opposite end, you can see today how well rent controls are working

Edited by Maria Gorska

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Eh how can they have a committed promise, they actually went to court to legally prove there are no committed promises.

As for Rent controls, the UK already has them in the form Of Housing Benefit and planning restriction, theyre just at the opposite end, you can see today how well rent controls are working

and that also and in particular applies to their written and signed manifestos.

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Eh how can they have a committed promise, they actually went to court to legally prove there are no committed promises.

As for Rent controls, the UK already has them in the form Of Housing Benefit and planning restriction, they're just at the opposite end, you can see today how well rent controls are working

I don't really want to slag any of the political parties off, and would rather avoid cheap shots at any of them if that's okay with you. Both Labour and the Tories have crippled this country IMO.

As for Housing Benefit and Planning Restrictions controlling rents, well yes they sort of do, but in quite the opposite way a flat cap would.

In fact those methods not working is precisely why I'd like something else brought in to rectify it (and of course, more homes being built, the large scale building of homes in this country having all but stopped since the state walked away from doing so).

Set a rent cap at 25% of the average wage in an area and let it rip.

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I don't really want to slag any of the political parties off, and would rather avoid cheap shots at any of them if that's okay with you. Both Labour and the Tories have crippled this country IMO.

As for Housing Benefit and Planning Restrictions controlling rents, well yes they sort of do, but in quite the opposite way a flat cap would.

In fact those methods not working is precisely why I'd like something else brought in to rectify it (and of course, more homes being built, the large scale building of homes in this country having all but stopped since the state walked away from doing so).

Set a rent cap at 25% of the average wage in an area and let it rip.

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I don't really want to slag any of the political parties off, and would rather avoid cheap shots at any of them if that's okay with you. Both Labour and the Tories have crippled this country IMO.

As for Housing Benefit and Planning Restrictions controlling rents, well yes they sort of do, but in quite the opposite way a flat cap would.

In fact those methods not working is precisely why I'd like something else brought in to rectify it (and of course, more homes being built, the large scale building of homes in this country having all but stopped since the state walked away from doing so).

Set a rent cap at 25% of the average wage in an area and let it rip.

I wasnt slagging off Labour, that court ruling was specific to the government, i was simply highlighting that under the UKs autocratically unnaccountable political system no govt can make a commitment and be bound to it. The only way to have that would be to introduce the democratic right of recall

As for HB and planning "sort of doing it in the opposite way" this is what i highlighted except they dont sort of, they exactly do it. I do not believe having the evidence all around of the negative distortion of price fixing can be improved by creating another distortionary fix at the other end. Two forced distortions at opposite ends creating perverse outcomes at both ends isnt going help at all, you just double the problems, id say you are far better off economically removing the distortions than adding to them

Edited by Maria Gorska

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Pretty sure that if a rent cap actually bit, then it'd do more damage to the housing stock than area bombing, so not so happy about that.

On the other hand if they flat out say they are gonna do it, the cat might be set loose amongst the pigeons and help burst the bubble as landlords stampede for the exit. Then they could just do nothing. :ph34r:

Also I imagine it'd drive a lot of landlords into bankruptcy and therefore the banks into bankruptcy, therefore it doubtless won't happen. Unless it's capped so high it makes no odds of course.

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Labour have been bouncing this about for a while now - just not not very successfully.

From December 2012

http://labourlist.or...responsibility/

Interesting that they have actually picked up on the ruination of several communities brought on by transient renters, who do not, in many cases, put down roots, socialise or participate in building community spirit. Entire streets that were previously home owners or long term renters where people knew each other, took pride in their homes and gardens have been taken over by LL's and short term leases for renters. Sad. .

Yes the extent of renting is now being felt, and NIMBY's hate living next door to tenant scum. more than a wind mill or fracking site.

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Yes the extent of renting is now being felt, and NIMBY's hate living next door to tenant scum. more than a wind mill or fracking site.

And even worse than living amongst tenant scum is that if they are HB tenant scum that could lower the value of your house too!

:o

http://www.propertyinvestmentproject.co.uk/blog/too-many-dss-tenants-on-the-same-street-can-reduce-the-value-of-your-property/

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And even worse than living amongst tenant scum is that if they are HB tenant scum that could lower the value of your house too!

:o

http://www.propertyinvestmentproject.co.uk/blog/too-many-dss-tenants-on-the-same-street-can-reduce-the-value-of-your-property/

I have first hand experience of a nice block of first time buyer maisonettes with small garden in a fairly typical London suburb close to a tube, mainline, shops, schools etc........most of them used to be owner occupied first step leasehold, the next step, all being good a first time freehold......now most of them are BTL properties with a high turnover of tenants, high rents the gardens look untidy and overgrown very unloved looking......not surprising really as the people living in them have no stake in keeping them maintained and cared for.....so there is some truth in that a high proportion of HB and rented properties can change the tone of a block. ;)

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True, but the Daily Mail publishing it will worry landlords readers. It's a start / every little helps?

Agreed. The only two things that are going to bring house prices down are a massive and sustained increase in house building, or a change in the current landlord friendly legislation to give tenants the kind of tenure they enjoy in many continental countries and used to enjoy in the UK up until the 1980's.

Neither looks particularly likely or imminent, but as you say...it's a start.

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Agreed. The only two things that are going to bring house prices down are a massive and sustained increase in house building, or a change in the current landlord friendly legislation to give tenants the kind of tenure they enjoy in many continental countries and used to enjoy in the UK up until the 1980's.

Neither looks particularly likely or imminent, but as you say...it's a start.

Thousands of people that could have previously bought a property near the area that they worked are being priced out of ever owning......owning property will be end up being the privilege of the rich only in many areas....not only that fewer homes will be sold or will come onto market......there is no longer a ladder...the ladder is broke. ;)

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Really .... Nick Clegg ... no increase in university fees, Osborne ... deficit elimination in the life of this parliament, and given the number of labour MPs with BTL ... no chance of any change. In any case rent control is not the real issue, the problem is high housing costs compounded by lack of building, HtB, FLS, SMI, ZIRP etc and labour's silence is deafening on these problems and their proposed solutions.

Yup, Labour MP Jessica Morden penned an article this week for her local rag pretending to care about rising living costs hitting her constituents. No mention of QE/ZIRP etc, or Brown's role in the punishing cost of housing either. If Miliband, as PM, thinks a crucial number of votes could be had by creating further rises in housing costs, he'll be on it faster than a rat up a drainpipe imo.

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Problem. Reaction. Solution.

Engineer house price bubble and make housing unaffordable. Feign shock and anger at the cost of housing. Propose massively bureaucratic scheme with dozens of unintended consequences to pretend to remedy situation.

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