September 2018 Archive

Saturday, September 22, 2018

Hopefully this might improve standards

Daily Mail: A stealth tax on landlords?

I think this shows who the Mail thinks their readership is. It only affects 87011 properties. Hopefully it will lead to more council inspections and increased standards.

Posted by tenyearstogetmymoneyback @ 08:16 AM 2 Comments

Thursday, September 13, 2018

How to destroy confidence

Huffington Post: No Deal Brexit 'Disaster' Fears As Mark Carney Warns House Prices Could Drop By One-Third

I'm sure (and hope) he knows more about economics than I do.

Posted by tenyearstogetmymoneyback @ 09:41 PM 0 Comments

Thursday, September 6, 2018

1980s style Shared equity all over again ?

Daily Mail: Help to Buy has left us trapped

A couple of weeks ago a colleague was discussing Help to Buy with me and I commented that it sounds to be no different from the Shared Equity schemes builders offered in the late 1980s, which ended up badly when prices stopped going up year after year.

Posted by tenyearstogetmymoneyback @ 09:02 PM 8 Comments

Rents down 0.3% over the year in London, outlook is further falls

Office of National Statistics: Index of Private Housing Rental Prices, Great Britain: July 2018

Not sure what the Enfield statistic is though :-) Interestingly, the most highly leveraged landlords - those in London - are clearly not doing a good job at passing on their tax costs to tenants. The business model of a lot of London landlords is making no money or a loss on rent, but hitting the jackpot with a big capital gain. Let's see how this pans out if prices keep falling

Posted by mombers @ 11:41 AM 1 Comments

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