ccc Posted November 20, 2015 Share Posted November 20, 2015 Best thing they did was ban up front fees for tenants Yep this and the 3rd party for deposits. Both great improvements. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted November 24, 2015 Share Posted November 24, 2015 But...its Scotland. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted November 25, 2015 Share Posted November 25, 2015 The two are not mutually exclusive. Housing is genuinely scarce in London/SE with more and more people being packed into basically the same housing stock year after year. ..might be scarce ..but the money laundering and foreign bulk buying with a 'London' address is still inflated backed by the government financial scaffolding ...VIs will say different..... Quote Link to comment Share on other sites More sharing options...
South Lorne Posted November 25, 2015 Share Posted November 25, 2015 Pathetic Socialist move. Won't achieve a damn thing except reduce letting quality. #banHTB #letmktsetrates #bringbackcapitalism Sorted. ..yeah ...but will increase the buying quality as BTLers sell up and prices go down .....VIs will say different..... Quote Link to comment Share on other sites More sharing options...
South Lorne Posted November 25, 2015 Share Posted November 25, 2015 The other view would be that most of the props in place - the Scottish Government have no power to do anything about ? There have been a few Scotland specific ones introduced - no doubt there - but the main ones are all UK wide. ...hah...we know ...but as mentioned Osborne is also fighting the BTLers making such 'investment' less attractive in the medium term....there is leverage for lower prices eventually all round... Quote Link to comment Share on other sites More sharing options...
South Lorne Posted November 25, 2015 Share Posted November 25, 2015 As I'm getting increasingly bored of repeating - supply constraints are a necessary precondition for credit fuelled price increases. Its why for example you will never get a credit fuelled boom in the price of toyota corrollas no matter how much credit money is available to buy them. Of course a marginal increase in supply will not help much, you have to increase supply to the point where a surplus exists in order to take credit availability out of the picture. ..accepted there is a supply element in current pricing ..but a BTL element still lingers as people decide which way too jump...the price will face up to that issue eventually ...VIs will say different.......... Quote Link to comment Share on other sites More sharing options...
South Lorne Posted November 25, 2015 Share Posted November 25, 2015 But...its Scotland. ..don't understand any rhyme or reason for this comment..... Quote Link to comment Share on other sites More sharing options...
pig Posted November 25, 2015 Share Posted November 25, 2015 As I'm getting increasingly bored of repeating - supply constraints are a necessary precondition for credit fuelled price increases. Its why for example you will never get a credit fuelled boom in the price of toyota corrollas no matter how much credit money is available to buy them. Of course a marginal increase in supply will not help much, you have to increase supply to the point where a surplus exists in order to take credit availability out of the picture. Except Ireland and Spain were building like lunatics to the point they've now got ghost towns - and still a bubble. Quote Link to comment Share on other sites More sharing options...
Guest_northshore_* Posted November 25, 2015 Share Posted November 25, 2015 In a sense both views are correct, although incredibly frustrating that few research the supply/demand curve interactions because makes hell of a difference in what will/will not actually reduce prices beyond hoping. Land - they're obviously not making any more, so supply is fixed, the supply curve is vertical and price is set by demand.Housing and other land uses - sit on or require land, so supply is as responsive to demand as landowners want it to be. Which practically means intersecting at the highest possible price point. As short/medium term housing stock is fixed, and long term increasingly unresposive to price (monopoly/artificial driven supply of quantity) the supply curve is vertical or near vertical. Quote Link to comment Share on other sites More sharing options...
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