DemolitionRed |
10-03-2018 01:22 PM |
Quote:
Originally Posted by Toy Soldier
(Post 9912569)
... Anywho... On the actual topic of private rental markets; I think the idea that landlords should ever be FORCED to sell is ridiculous (and again, it would never get through parliament so even if Corbyn does get in, and does want it, its moot point) however I'm not against the idea of rent control - e.g. I believe that once a long-term rental property has been rented out, then the landlord should only be able to raise the rent in that property in line with inflation while those tenants are there. Also, I believe that if a landlord does choose to "sell up", the resident of the property should be given the opportunity to buy based on an independent valuation before the property goes to the open market. I also believe there should be strict controls on when a tenancy can be ended; i.e. Never on a "whim" or personal dislike, it should only be allowed if either A) The landlord will no longer be renting out the property at all (for example, selling up or living there themself) or B) there is a good specific, provable legal reason (for example, tenants mistreating or damaging the property, using it for illegal activities etc.)
Basically I believe that all people have the right to a secure home even in the private rental market. With more and more people living in private rents, I do think the system needs a but of tinkering.
Again, though, not forcing people to sell up their assets... That's just nonsense. But nonsense that won't happen unless something dramatically changes with how our parliament works, so not worth worrying about.
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The property owners Corbyn wants to chase after and lets not forget that May says she wants to do the same thing... but won't, is the large corporate investors who buy up entire streets. Presently we have streets in London and other major cities, sitting empty. Purchased by wealthy Russians, Chinese and Saudis. These properties were never purchased with the intention of living in them or renting them. They are merely a nest egg and therefore, Corbyn and May's idea on compulsory purchase are the right way to go. I think May's just slapping her lips and I think Corbyn will go ahead with it.
The other is land sales. Agricultural land has a present value of around £20k a hector but once it becomes building land the price goes up to around £2million a hector. This means that any property built on this land has to have a massive price tag. What Corbyn has suggested and I wholeheartedly agree, is that instead of allowing a land owner to sit on waste land for years, it can be purchased by compulsory purchase and more affordable housing built on it.
I have seen no cites regarding Corbyn buying rental property that's in use.
Presently, before a housing estate gets planning permission, a percentage of those not yet built houses have to be sold. Brokers put a percentage of those unbuilt houses out to tender at a massively knocked down price. Along come the investors and buy up that percentage (Jo blogs never gets to hear about it). Once the house is built, the investor can either rent it out for the house value, which is much more than what he paid for it or sell it and make a healthy profit.
What Corbyn wants to do is buy up that percentage and not allow it to fall into investors hands.
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