Jeremy Corbyn to effectively Confiscate Landlords Properties

Jeremy Corbyn to effectively Confiscate Landlords Properties

11:03 AM, 14th September 2015, About 9 years ago 65

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It doesn’t get any worse for landlords than Jeremy Corbyn.jeremy corbyn

He has said that the ‘Right To Buy’ policy that lets council tenants buy their homes at a big discount should be extended to the tenants of private landlords.

To quote him, ““So why not go with Right to Buy, with the same discounts as offered by way of subsidised mortgage rates, but for private tenants and funded by withdrawing the £14 billion tax allowances currently given to Buy to Let landlords.”

So not only will you lose your property and your rental income you will also pay your former tenants deposit and subsidise their mortage.

On top of this there is his policy that rents should be capped to local average earning levels.

Edward


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Comments

Rob Crawford

19:25 PM, 28th January 2016, About 8 years ago

Fantastic opportunity for the Lib Dems on the horizon!!

Rod

20:17 PM, 28th January 2016, About 8 years ago

You are ALL wrong. The magic wand will come into play and make everything right! Out of financial chaos comes political chaos, just look at history!

0:31 AM, 2nd February 2016, About 8 years ago

Hi Annie,
I left school at 14 to work in a piggery feeding 800 pigs every day for a farmer who didn't like paying wages. From There I navvied on building sites, worked in factories, drill rigs, granite quarries, painting and decorating, property maintenance and many other such dead end occupations. I certainly do not feel 'superior' to anybody.

In my forty two years renting I have paid the cost of two or three family homes in rent... but I'm still caught in the rental trap where I do not own a home. On the few occasions when I might have saved enough for a deposit on a basic home the prices were always pushed our of reach again by cash rich speculator landlords buying up all available residential housing as 'investment opportunities' or 'rent pension investments'.

You probably have an idea of 'home' in your head, i.e. the security of knowing you do not have to remove yourself, your family, your possessions, your identity etc. to another 'rental unit' at the behest of someone else with minimum notice. You can paint and decorate, alter or furnish your own home to your own taste knowing you have the security to enjoy it indefinitely. Tenants do not have any of this security and sense of permanence. They can take no pride in making the place they live a real home. Because it is always... always a temporary and volatile way to live.

It is only the same legislated regulation which every other E.U. Member State has had in place for decades which will change this terrible, undemocratic imbalance in society. The idea of the family home as a stock market commodity / predatory speculation opportunity does not exist in the psyche of other European citizens like it does in Britain and Ireland. Those E.U. citizens enjoy SECURITY OF TENURE FOR LIFE in their affordable rented homes thanks to the mandatory legislated regulations introduced by their Governments.

So when such regulation is eventually introduced in Britain and Ireland to serve the great mass of worker/voters, it will revolutionise and revitalise the idea of the family home and the family as the basis on which our society is based. Communities will flourish where home-owning families take pride in their streets and estates. Instead of paying rack rents in estates which have been fragmented and disintegrated because of landlordism workers will be paying affordable mortgages for homes they will eventually own.

The 'rights' of a small property speculator minority who regard the human right to shelter as a commercial product will look for other activities and products to invest in instead of people farming.

You say that you never raised the rents of your tenants Annie. In my experience you represent about one in every 5,000 of your compatriot landlords.
Regards,
Paul.

Chris Byways

9:26 AM, 2nd February 2016, About 8 years ago

I know I must not feed trolls, but, only 1 in 5,000 haven't increased rents........ From the comments here, I think that WAS. n.b. WAS typical. (Obviously the bad, and some are very bad, are not going to bother joining 118, NLA or RLA) Making dumb aspersions against all landlords does no one any good.

I won't say the obvious 'why not move to ANY country other than England or Ireland', but there is one small difference, we are rather overcrowded as an island, we ain't making land fast enough, or at all.

There have been Socialist and Tory Governments and mongrel or hung Parliaments, so why haven't ANY been able to bring the cost of housing and renting down?

Steven Burman

14:07 PM, 2nd February 2016, About 8 years ago

RIP Labour Party.

Does anybody really take this 'hippy throw-back' seriously?

He is less likely to become PM than Nigel Farage. I would be more interested in UKIP's future policy on this matter than Corbin's.

Annie Landlord

16:51 PM, 2nd February 2016, About 8 years ago

I think Corbyn has taken the place of Farage at the moment. People desperately searching for anything other than the status quo and only hearing the bits they want to hear. Neither of them could ever run the country because they would wreck the economy in a year. We may be an island but we are far, far from self sufficient, but these guys want to pull up the drawbridge, pull the rug and impose their own, very narrow vision of utopia.
Neither of them have a chance!

18:41 PM, 2nd February 2016, About 8 years ago

Hi Chris,
You state " I know I must not make aspersions" (cast aspersions?). So what do you mean by your opening remark about feeding trolls?

You reckon Britain is over crowded as an Island. Do you ever take a train ride? Next time you do check out all those hundreds of millions of acres of empty, barren land, most of which is in the control/ownership of a small percentage of the population. Check out website;

http://www.theguardian.com/commentisfree/2014/dec/03/landowners-scotland-bri
ckd
for some basic information about land ownership in the U.K. I'm sure you can find more sites if you want to expand your knowledge.

Holland has 17 million people occupying a piece of land one third the size of Ireland. Much of Holland is reclaimed from the sea which is held back by it's famous dykes. The Irish Republic's population is 4.75 million. Yet Dutch citizens have far better social housing regulations, security of tenure legislation and standards of accommodation that Ireland, .... or Britain.

Why should British and Irish workers be the only ones in the E.U. who operate an ancient and archaic system of property apartheid.
Regards,
Paul.

Chris Byways

21:52 PM, 2nd February 2016, About 8 years ago

So you are going to set up as a 'fair' LL then?

Show us how it's done, and whether you can cover your costs in THIS country. Spare us the Irish babble ffs.

Btw the link does not work, but I have some idea.

Don't want it to upset you, but I am a Manorial Lord with 2,500 acre incorporeal estate, registered at the land Registry, but that is totally irrelevant......

stevie h

22:12 PM, 2nd February 2016, About 8 years ago

I know the post is not relevant to the thread. But how do I start a new thread as I'm new to the forum?

Thanks

Alex

8:20 AM, 3rd February 2016, About 8 years ago

Reply to the comment left by "Paul Newsome" at "02/02/2016 - 18:41":

Paul

I’m going to try not to belittle your idea of utopia because, if that is what you want then who am I to tell you that you shouldn’t dream of it. However, just because others do not share your view of utopia, doesn’t make them wrong either.

Unfortunately, a lot of what you say just doesn’t add up.

Firstly, I own property in other parts of Europe, so I know that the situation for renters in France, Germany, Spain and Italy for example is no different. Different countries have varying proportions of social housing, but they all operate on the same basis and none of them that I am aware of taxes landlords (private or corporate) on their finance costs. Your assertion that utopia for renters is just over the water is wrong.

Secondly, you assert that “cash rich landlords” drive up house prices. On this point you are wrong - fact - and all the evidence shows you are wrong. Simple economics teaches us that every time a new mortgage is written for a home loan new money is introduced into the economy and that contributes to fuelling demand. If landlords are to blame, then as only approximately 14% of mortgages are BTL it follows that we are only 14% to blame. So, who are the other 86%? Almost all of them are owner occupiers. So, to blame landlords for “driving up house prices” is like blaming other minority groups for things you don’t like. Do you only blame West Indians, Jews, Asians, Eastern Europeans, etc for our economic problems? I guess the answer to that question is no, so how can you justify blaming landlords as a minority group for the cost of housing. You are just plain wrong.

Finally, you state that landlords are “people farming”. Unfortunately, this displays a limited level of thought. EVERYTHING is a commodity, because everything that is in demand and that is a finite resource is a commodity. Everything that man buys, sells, rents, designs, farms, builds, creates, etc is a commodity. Even animals and humans are a commodity. Humans are the most exploited commodity on the planet; just look at what proportion of our working year it takes just to pay our taxes. Some of us work longer than others just to contribute to taxation for the benefit of all society, so don’t criticise those that contribute the most to society,

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