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Solving The Housing Crisis The Ukip Way

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Andrew Charalambous:

UKIP are the only party with something fundamentally different to say when it comes to housing. We are the only party straight talking enough to address the demand side of the housing equation. Rather than pursuing constantly upward shifting supply targets we believe it is necessary to tackle the accelerating demand for affordable and social housing. Our starting point remains our membership of the EU which has become the gateway to four million immigrants arriving in the UK over the past decade.

Quite a bit in there. Reduce demand through less immigration is the obvious UKIP soundbite headline. Also tax incentives to reinstate empty properties and to clean and build on brownfield. Changes to the planning system. Changes to leasehold: introduce commonhold.

Oh, protect green belt.

He's on Twitter as @woodlandsandrew

http://24dash.com/news/housing/2015-10-05-Opinion-Solving-the-housing-crisis-the-UKIP-way

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Total crap from a multi millionaire landlord who receives £750k pa HB

Oh you didn't know?

He's a charlatan a spiv and a parasite

Edited by Killer Bunny

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He's a rentier muppet for sure. A polite one though, I've given him loads of grief on twitter and he's not blocked me.

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Real estate runs on money, not just population growth.

In fact population growth without money, testing Gov finances, seeing more houses turned HMO, neighbourhoods declining, is a factor which eventually leads to a harder HPC.

Contrary to common expectations, cause and effect do not often move in a simple straight line, but interact in cycles, 'with the effect feeding back on the cause and perhaps amplifying it'.

Our personal circumstances are different and it is possible, in fact probable, we both took the correct decision. For me it was time to buy because:

The street I lived in was going downhill, owing to BTL (started out ok, nice professional renters, but then the council started offering LLs 5 year contracts). Including neighbours from hell, whole family on benefits but somehow enough money to get pissed 24 x 7. Wife and daughter desperate to move.

I wonder if the fact that whole streets have shifted from predominantly OO to BTL might affect the value if sellers are looking at OO buyers.

I think this is a major factor in the full on panic evident in many of the posts on 118.

Many yield chasing landlords have together made mass purchases of properties in what were decent but relatively cheap areas where HB funded tenants could provide returns of 8-9%. A side effect of this is displacement/flight of OOs so that whole streets/areas quickly become almost completely BTLs occupied by HB tenants. Once this has happened no OO in their right mind would spend their hard earned cash to purchase in that area, so the market value of these properties is now entirely dependent on what the BTLers are prepared to pay.

If as I suspect that in the past these areas attracted the most highly leveraged LLs (as the high yields made it possible to service their 95% IO mortgages) many will now be looking to exit, but its hard to see where the buyers will come from.

For an extreme example just look at Blackpool, where I grew up and still visit regularly.

Some areas of the town are now almost 100% BTLs, exclusively let to HB tenants. To the extent that the council cannot even find enough private tenants to provide a benchmark for the HB rate (thanks to Bland Unsight for that bit of info - although what the council didn't say is that they largely created the situation by offering to take HB tenants from councils all over the North West).

As prices in Blackpool are back to 2002/3 levels many LLs will already be in negative equity, the fact that the BTL areas are full of HB tenants and becoming increasingly run down only adds to this. I suspect that there is already no way out for leveraged LLs in these areas, unless they can adsorb large cash losses.

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Total crap from a multi millionaire landlord who receives £750k pa HB

Oh you didn't know?

Some of post #3 is a bit too strong imo, Killer Bunny.

I can hope the Conservatives changes to tax relief (and other) catch out some of these landlords raking it in, with 100s of properties. Although I've come to learn some hpcers can find excuse for such landlords, including they have been missold into it.

Raking in a fortune

Mr Charalambous received £826,395 from Haringey Council in housing benefit last year, according to Freedom of Information requests sent by the union GMB.

The year prior to that, he'd made £745,351 from Haringey in housing benefit.

In both cases the true amount that he's been paid will likely be higher, because some housing benefit is paid to the tenants themselves and then gets paid to landlords, according to the DWP.

The Ukip housing spokesman owns "several hundred" properties, and foreign nationals account for around 14 per cent of his tenants, according to the Ukip press office.

http://www.mirror.co.uk/news/ampp3d/meet-ukip-housing-spokesman-raking-5572810

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No doubt all the Kippers will now be gunning for me rather than address the isdue.

Hilarious. You ad hominem the guy rather than debate the merit of his policies and then complain in advance in case someone does the same to you. :blink:

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Not my view or objective.

He knows (bcos I've told him often enough) if he really wants to sort the problem he shld campaign to #banHTB. He never will bcos he's a raging hypocrite. And I've told him that too!

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Immigration didn't push up HPs

Easy lending did

You don't hear him calling to #banHTB do you. Do you Hell.

Spot on! The man is a BTL LL, a massive recipient of housing benefit, I think some have accused him of being a slumlord.

Also the son of immigrant parents, I say hypocrite (yes kippers, your beloved saviours of the universe are as big a bunch of hypocrites as the rest of them).

He's a rentier muppet for sure. A polite one though, I've given him loads of grief on twitter and he's not blocked me.

Not as big a muppet as the muppets who'd kiss the Wilsons' backsides if they wore a UKIP rosette and were anti-immigration.

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Immigration didn't push up HPs

Easy lending did

You don't hear him calling to #banHTB do you. Do you Hell.

I made money renting out rooms to immigrants which I used to move up the housing market. Of course without immigration, housing benefit and easy lending I would have been able to do without renting out rooms which would have been much more enjoyable. BTW my first flat was ex council which an immigrant got through right to buy.

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Spot on! The man is a BTL LL, a massive recipient of housing benefit, I think some have accused him of being a slumlord.

Also the son of immigrant parents, I say hypocrite (yes kippers, your beloved saviours of the universe are as big a bunch of hypocrites as the rest of them).

Not as big a muppet as the muppets who'd kiss the Wilsons' backsides if they wore a UKIP rosette and were anti-immigration.

As the Wilson's tenants are according to them mostly Eastern Europeans that would be unlikely. Although I agree HTB is a very bad idea. However, if UKIP were to suggest banning how many of their critics would vote for them?

Edited by iamnumerate

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Andrew Charalambous:

Quite a bit in there. Reduce demand through less immigration is the obvious UKIP soundbite headline. Also tax incentives to reinstate empty properties and to clean and build on brownfield. Changes to the planning system. Changes to leasehold: introduce commonhold.

Oh, protect green belt.

He's on Twitter as @woodlandsandrew

http://24dash.com/news/housing/2015-10-05-Opinion-Solving-the-housing-crisis-the-UKIP-way

It's all very well but there are millions of people already here who need housing. Just because you stem the flow doesn't mean prices are going to fall. It is a combination of things - stem immigration, build more homes (genuinely affordable ones), stop BTL, disencourage people to have more children than they can afford, move business away from the South East. It isn't really that hard, the problem is we have a group of people (politicians and bankers) who are happy with the status quo because it makes them richer and more powerful. Unless that changes, nothing will change unless there is a revolution. Oh and Mr Charalambous is a BTLer with many properties, making a lot of money from housing benefit.

Edited by fru-gal

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It is a combination of things - stem immigration, build more homes (genuinely affordable ones), stop BTL, disencourage people to have more children than they can afford, move business away from the South East. It isn't really that hard

Yes what we need is yet more Socialism init?

FFS!

What we NEED is Capitalism!

#banHTB

#letmktsetrates

#banbankbailouts

#prosecutebankgenerals

THEN you have your housing problems all gone. More Socialism is NOT the answer. THAT'S the problem.

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#banHTB

#letmktsetrates

#banbankbailouts

#prosecutebankgenerals

Unfortunately around 90% of politicians and financiers rely on 1 or more of the above to survive. Without these props, they are claiming welfare like the people they despise.

How to effect change...that is the question?

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I agree with Dr. Evil.

No point slamming him for being a BTL LL when he wants to undermine his own position by building 1m houses. If he wanted to hoard all the property/not allow any building it would be fair enough.

Edited by Ghostly

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Not my view or objective.

He knows (bcos I've told him often enough) if he really wants to sort the problem he shld campaign to #banHTB. He never will bcos he's a raging hypocrite. And I've told him that too!

So, correct me if I am wrong, what you are saying.....TPTB know HTB is the problem but they dont care as they are coining it in ?

This is what I would call....FRAUD.

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Unfortunately around 90% of politicians and financiers rely on 1 or more of the above to survive. Without these props, they are claiming welfare like the people they despise.

How to effect change...that is the question?

Find a Kipper who is actually a Capitalist. Support him/her.

Follow @thecapitalistparty and spread their word

Tweet incessantly capitalist virtues and socialist cr4p

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So, correct me if I am wrong, what you are saying.....TPTB know HTB is the problem but they dont care as they are coining it in ?

This is what I would call....FRAUD.

Not at all. They see it as the solution. To their bank accounts.

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Unfortunately around 90% of politicians and financiers rely on 1 or more of the above to survive. Without these props, they are claiming welfare like the people they despise.

How to effect change...that is the question?

This is the real problem.

Plus, every party, UKIP included, likes putting the fox in charge of the henhouse when it comes to housing. So many goddamn landlords get the Housing Shadow/Minister role.

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