Wednesday, August 15, 2007

wheel out the ol’ “housing shortage” explanation

Shortage alters buy-to-let logic

Same old mantra.... it's a housing shortage ... "Nonetheless, in the UK, by contrast with much of the rest of Europe, property inflation has tended to outpace retail price inflation by a couple of percentage points. This is because one of the obstacles to a healthy economy continues to work in the favour of the buy-to-let investor: the housing shortage." Really ? Then why aren't rents going up then ?

Posted by voiceofreason @ 05:49 AM (481 views)
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4 thoughts on “wheel out the ol’ “housing shortage” explanation

  • george monsoon says:

    another quote from the article…

    “property inflation has tended to outpace retail price inflation by a couple of percentage points”

    a couple of percent?????? where has this goon been living for the past few years…

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  • planning4acrash says:

    Had his head up his ass, like the rest of em.

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  • voiceofreason said
    “Then why aren’t rents going up then ?”

    I thought rents were going up my 8%pa at the moment (And accelerating), which isn’t much less than house price inflation?

    Could be wrong. I’ll see if I can find the article I read it in…

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  • This is strange, my Girlfriend needs to rent a room in London owing to her research position being based their and she has never known as much property to be available. She rang one back that was way out of her price range and got a reduction of £100 per month, by telling the owner that it was too expensive. So she rang a few more and guess what? More reductions. BTL looks so attractive to me now. Where do I get a mortgage?

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