Summer Budget 2015 – Landlords Reactions

A fantastically relevant bit of comedy from Rik Mayall here…

https://youtu.be/SDa505kpXO0

At 4:50 it gets very Osborne… Then at 5:25 it gets very very very Osborne!

Reply to the comment left by “Mark Shine” at “05/03/2016 – 20:08“:

Unsurprisingly the goons* have responded to my post on their very sarky home turf. Their self appointed messiah (possibly the sharpest brain amongst them, which isn’t exactly much of an achievement given his competition) is trying to crucify me for missing out an apostrophe in the word “forum’s”.

Their other main beef seems to be with leverage and they seem to claim that wealthy LLs are perfectly acceptable, whether they had the good fortune to either benefit from inherited wealth or having been able to deleverage after previous economic cycles. Some of the goons* presumably have the ability to acknowledge this(?), but although very active in all housing related online media channels, they choose not to mention this point when posting ‘away from home’ and trying to dominate all housing related comments sections. I wonder why.

Goons*: by all means, slag off LLs… but be very clear that C24 actually supports MANY leveraged landlords (assuming they are incorporated of course). BTW Institutional LLs rely heavily on leverage by way of their investors’ money… ‘OPM’ as some may call it.

*h/t Chris Byways

Reply to the comment left by “Mark Shine” at “06/03/2016 – 21:08“:

You have to love the way the gestapo on the dark side set themselves up as arbiters of all matters rental. The keyboard warriors deciding on who are acceptable landlords (for others), whist spending oodles of time trawling past posts there here and anywhere, instead of doing something positive about providing housing.

All that matters is if they have safe, secure, convenient affordable accomodation. If they don’t like it they can wait for a council house, wait for social housing, wait for their messiah of the 70% HPC tomorrow – menyana.

Yet so many of them are the HTB recipients pushing up the capitals house prices, are retired, or live abroad.

Lest we forget one of the other measures from recent Budgets:

Social housing rents are to be cut by 1% per year for the next four years starting in April 2016

Which is quite a change from the previous CPI + 1% formula for calculating rent increases that it replaces.

Here is as good a link as any covering it

http://www.socialhousing.co.uk/has-ordered-to-cut-social-housing-rents-by-1-per-year-for-four-years/7010692.article

This is my latest letter to Campbell Robb, at Shelter. If anyone else wants to write to him that would be good. This is his email address:

[email protected]

https://www.property118.com/campbell-robb-supporting-tenant-tax/85102/#comment-74218

Lazy article in City AM, written by the Deputy Money Editor:
http://www.cityam.com/235974/landlords-are-switching-to-corporate-tax-status-ahead-of-stamp-duty-hike-and-the-upcoming-cuts-in-buy-to-let-tax-reliefs

Reply to the comment left by “Chris Byways” at “07/03/2016 – 00:19“:

Which goon site are you referring to?

Some of us have had our submissions to the Homelessness Inquiry published, where we point out the connections between Clause 24, increased rents and homelessness:

http://www.parliament.uk/business/committees/committees-a-z/commons-select/communities-and-local-government-committee/inquiries/parliament-2015/inquiry1/publications/

Reply to the comment left by “Markb ” at “07/03/2016 – 13:06“:

The below link should answer your question Markb. http://www.propertyinvestmentproject.co.uk/blog/house-price-crash-hpc-website-mentality/

If they only posted on their own site, they could simply be ignored. Most people already know that some parts of the UK are very overpriced and perhaps overdue a correction at some point. However in the case of C24, the reason why they are potentially dangerous is that a handful of their hardcore posters appear almost everywhere online telling the tall tales of HMT’s rhetoric.

When I saw my MP (Gauke), he told me that the reason they decided to implement it over 4 years starting in 2017 was so they could amend/adapt it if required during that period. However, even if the Govt (and institutional LLs, Shelter etc) are ever forced to change their minds about C24 at some point in the future, the HPC extremists will simply NEVER accept that they might have possibly backed the wrong horse on this one.

Reply to the comment left by “Mark Shine” at “07/03/2016 – 17:57“:

Thank you Mark