Industry expert urges Chancellor to help landlords and tenants in Autumn Statement

The government like to keep quite about the unfair tax grab and its the last thing they will go back on, if ever, whist being one of the main reasons landlords are selling up.

Of course the latest reason for the big sell off they are trying to blame it on and deflec to is landlords retiring all of a sudden. This is a small percentage, and of those a large majority are retiring from the PRS because the tax grab, they've had enough of scraping a meger profit and all the B.S.

Another thing the government dont like to talk about and another reason the housing market is in such a mess is all the imagrants, illigal, AND legally rubber stamped they keep bringing in every single year, over 600,000 last year, were are you going to house them all you clowns!

At the end of the day this government is about cheap labour, taxing as much as possible and scrimping everywhere else, instead of actually facing the truth and fixing all the problems they have created. Stop lying, spinning B.S. half truths and get something done.

Capital gain tax has been disaster for prs , governments of all colours have in their word simplified the tax, that government speal for increasing.it , by removing/ reducing allowances on it , l do recall it being 40% with a raft of allowances like taper relief and a few more relief which brought it down to next to nothing depending on how long you had the asset .this has all gone, now its a systematic attack on the amount you can deduct was £12,300 next year £6,300 then the year after zero.

There will be zero help for landlords although, perhaps, a reduction in IHT will help us when we die.

Having been encouraged by successive governments to invest in property, I feel bitterly let down by the Conservatives and fear far worse is to come WHEN Liebour win the next election.

If I feel I am being unfairly targeted and bullied beyond acceptance, I will fight back.

The elephant in the room. I’ve noticed how many more of the people who apply to rent my properties in Southampton compared to ten or twenty years ago, are from abroad.
Nothing against these people. In my experience they’re nice people. Legal migrants.
It’s the sheer numbers that worry me.
Legal net migration last year = 606k = 5000 new homes needed/week !
80% of migrants seek out rental property when they arrive = 4000 additional rental properties needed/week.
= Unprecedented extra demand.
Meantime there’s a govn’t war on landlords so many are quitting.
And Labour won’t reduce net migration
Lab or Con = Crisis looming. Expect ever more pressure on demand for housing, more urban sprawl & ever more traffic congestion due to too many people in England

Reply to the comment left by john thompson at 17/11/2023 - 11:47If you check the actual figures, you will see that around 600,000 Brits permanently left the UK last year. When you add to that the number of births vs deaths with far fewer under 40's being able to afford children, and of those who can even fewer can afford more than one, this is leading to a worrying population collapse which, if it continues at this pace, will mean that we have more people who have retired than those who are in the workforce within 25 years, and with many of those will be people who have rented all their lives but have no property with which to retire into.
We're well beyond the point in which this can be fixed, it's going to destroy the economy. We will be in a position where the only people who will get a state pension of any kind will be those who have no home, while those who have homes will be means tested as to determine if they can downsize to release equity to fund their retirements before any state pension benefits are paid. It's simple maths, all of the wealth from what used to be a home to retire into has been funnelled away by landlords and spent on goods and services, rather than property, and so in the future there are going to be no assets left for society and a complete reliance upon the state for the vast majority of those who can no longer work due to age related illness - ie, no one will be able to afford to retire.

Reply to the comment left by Robin Pearce at 17/11/2023 - 22:14
The birth rate in this country is low and there is not enough people working in the economy to fund future pensions and services.
Cutting immigration will make it worse, the economy will shrink and make everyone poorer. The fact is that migration is a benefit to the economy. The fact that politicians know this but like to whip up fear of migrants to make political capital whilst STILL letting loads in and doing absolutely nothing to stop it tells its own story.
The answer is to build the infrastructure and grow the economy. They will try this through tax cuts in the hope that larger profits will fuel infrastructure spending, an ideological grift in my opinion. The gov needs to simply start building like it means it and prepare infrastructure fit for 70m people. It's the only way - everything else is a distraction (or culture war).

Uk Birthrate is slightly higher than death rate. So we already have natural pop'n increase.
Partly because we're importing people of reproductive age who should be repleneshing their own countries with the next generation.

Meantime here the migrants eventually get old thus eventually increasing the size of our dependent elderly population here.

Mass immigration is only of benefit to Tory donors who are house builders, land bank owners, developers, infrastructure companies, low wage employers etc

However more GDP due to more people is no more GDP per capita.
But the Tories & globalists just see our green & pleasant land as an economic zone.

To them the meaning of life is more people, traffic, tarmac & concrete per square mile.

But the UKs overcrowded.
Semi rural towns like Romsey are being ruined with urban sprawl. Meadows being turned into 20 per acre legoland housing estates. Also causing flooding.

We do not want ever denser living.
We've already got enough car washers, delivery drivers & Turkish barbers we dont have enough homes for +1.6m unemployed.

Net migration needs to be zero. One in one out & only best let in with skills we need on minimum £35k salary or they're not net contributors.
https://www.youtube.com/watch?v=4ayA0neqzRs&t=674s

One in three births in the U.K. are to mothers that were not born in the U.K.
The 606,000 figure quoted is NET migration.
There’d be no housing crisis if the population was stable.

The government’s abject failure to prevent the invasion, the population will grow rapidly. We need to use the Royal Navy to stop the boats. People smugglers should not dictate government policy.

We need to accept newcomers to the U.K. but the government should select them, not the criminals behind the people smuggling gangs.

Reply to the comment left by Easy rider at 18/11/2023 - 09:20
I agree 100%. Stop the boats. However most migration is legal. The govn't are dishing out visas like confetti.
Legal net migration last year 606k = a pop'n the size of Leeds in one year =5000 new houses needed every week mostly squashed into England 😮
Hence urban sprawl everywhere and traffic congestion getting worse & worse.
Net migration needs to be nil. One in one out & only the best let in with skills we badly need & on 35k minimum or they're not net contributors.

Reply to the comment left by Robin Pearce at 18/11/2023 - 09:32You keep calling it "an invasion" yet these are legal migrations to the uk in order to fill jobs.
Far too many people have retired early and no longer economically active, having ransacked the next generation of all their wealth through what should be completely illegal "buy to let", while another section of society has decided not to work at all and instead make a living from wealth extraction of millennials and gen Z. It's dangerous wealth extraction with no plan as to where the wealth is going to come from to fund retirement.
Wealthy people ought not expect a state pension, ie anyone with a retirement income above £30k as the workforce without assets can't possibly be expected to pay the retirements of those who have ransacked them for a lifetime.
As things stand right now, the state pension needs to be increased to 80 in order to avoid catastrophic economic collapse which we are now starting to feel the effects of. The British economy has stagnated since the last financial crisis and is now in terminal decline.
Much of this decline is directly caused by landlordism, ie wealth extraction from the working population such that they can't save, can't invest and can't buy a home as all the usual vehicles of asset building such as home buying have been taken away due to greed by a small minority who have taken far more homes than they personally need, outbidding first time buyers at every opportunity forcing them back into renting where landlordism extracts any wealth they have saved for a mortgage now being used to fund extortionate and unsustainable rents. A huge and devastating collapse is imminent, caused entirely by turning homes into investment vehicles for a lazy economically inactive income. The party is now over, anyone who hasn't actually paid for the asset they're renting out will not survive beyond the next 18 months, it's entirely their fault, and they're going to take millions of hard working families down with them just as happened in the US sub prime mortgage collapse in 2009.

Greed has once again destroyed a generation's financial stability and future.