Wednesday, June 27, 2012

Very significant move FOR the people

Newham council licenses ALL private rents

hope this is rolled out throughout the uk...private tenants need at least someone to turn to and expect good practice

Posted by taffee @ 08:03 AM (2407 views)
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7 thoughts on “Very significant move FOR the people

  • I think many will see this as another “Cash Cow” which can be over regulated and employ an army of do-nothings. Yup, I have a grudge, my car has just been ticketed by Newham even though it showed the correct ticket. So I needed to appeal, attach the ticket info etc.

    Will this help private renters? …maybe, maybe not. Some councillors have many BtL properties. Over a dozen in some cases – check their register of interests. Its a funny sort of crony socialism in the safe seat constituencies. But I’m sure Tony Bliar would approve.

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  • This is horrid. The government screwed up the rental market with hot money and, forced people into the rental market who would have bought because of the housing bubble.

    And now we think that borrowing more money and paying higher rents to fund comprehensive regulation of a decentralized industry will solve anything?

    They say that madness is doing the same thing over and over again and expecting a different result.

    Where I disagree with Alan, is his suggestions that these folk will be do-nothings. Oh contrare, they can do a lot of damage.

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  • mark wadsworth says:

    While I agree that rent caps and overly strict licensing schemes always backfire in the medium term, let’s imagine for the moment that it were adminsitratively do-able and enforceable (i.e. any tenant who dobs in his landlord for overcharging gets a £50 bonus or something).

    Now, let’s imagine that they set the rent cap at half current levels, so tenants are on average £4,000 a year better off, where’s that money going to go? Into the productive economy or paying off debts. That’s good. And how do landlords respond? By defaulting on part of their debts (so that teaches banks a lesson) and maybe going out to work for a living (i.e. providing the extra goods and services which tenants are now demanding). Win-win all round, and the negative impacts only come in gradually, it takes five or ten years for anything bad to happen (like landlords not repairing houses etc).

    Remember: a large part of the reason for the rapid rise in owner occupation in the UK after 1945 was strict rent controls and savage taxation of landlords (and Schedule A tax, Domestic Rates and mortgage rationing). It worked then and it would work again now.

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  • build council houses and take control

    1/currently housing benefit can be paid to the tenant on request who often doesn’t pay the landlord

    2/housing benefit is paid to landlord and he doesn’t pay the mortgage

    its a farce…just like ‘outsourcing’

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  • mark wadsworth says:

    Taffee, yes, back in the golden days, they used to build lots of council houses as well. Works for me.

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  • It’s a bad idea because it will reduce the supply of rented housing. There are lots of accidental landlords, short term landlords, who will be put off by this. A mate of mine has gone to Australia for a year and rented out his house; faced with a £500 fee and lots of regulation he probably wouldn’t have bothered. Less supply = higher rents. So it’s actually good news for existing landlords, while erecting barriers to new entrants.

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  • there will be plenty of supply on its way when the housing market starts to fall….landlords will be begging for tenants

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