Should minions be the instrument of rich people?

tenofspades

tenofspades

tenofspades

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In Cornwall, there's a situation. All the Londoners have gone and bought second homes in Cornwall, or they have taken homes to use to rent out as Airbnb.

So this is the dilemma.
(1) Rich people surely deserve an output for their money as they've worked hard for it. So buying a second home or a holiday home is not that significant a crime.
(2) Local people want the ability to buy in the local area. But should local people have first preference, or should they have to move where the market dictates?
 
They don't have dibs on the land or property. If someone has the money from outside town to buy a thing, they can buy it all they want? It brings further economic growth to Cornwall for starters with the number of Airbnb guests that stay over year round.

I've stayed in one myself for a week above St Ives Bay. Was brilliant!
 
mrk said:
They don't have dibs on the land or property. If someone has the money from outside town to buy a thing, they can buy it all they want? It brings further economic growth to Cornwall for starters with the number of Airbnb guests that stay over year round.
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Should we then be happy with investors from abroad doing similar in our cities?
 
mrk said:
They don't have dibs on the land or property. If someone has the money from outside town to buy a thing, they can buy it all they want? It brings further economic growth to Cornwall for starters with the number of Airbnb guests that stay over year round.

I've stayed in one myself for a week above St Ives Bay. Was brilliant!
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They are ghost towns in winter, St Ives is particularly bad they even voted to ban people buying second homes there..
 
Sorry, you can't do anything about it. The same thing happened where my mum lives, in fact, she's one of the people who bought the new properties.

I knew this could happen in Cornwall, it will happen elsewhere. "Local properties for local people" etc. Load of rubbish. Maybe I shouldn't have moved into Rotherhithe and left the properties for the local dock worker families?
 
Local areas should be able to set policy depending on demand. Areas in Cornwall just look abandoned in winter as the percentage of second homes is too high. Councils should be able to set punitive levels of council tax on second properties to discourage it.

Same with empty properties, either use it or sell it. Until then an additional charge for depriving the local area of a home.
 
All we get from these extra guests is litter, bad driving, moronic behaviour.
I may be from Yorkshire but most of us cant wait to get rid of the emmets.
Winter is awesome here.......
Apparently some places 71 percent 2nd homes and holiday lets link
Having said all that i would rent my future garden hobbit house out (but not to a bmw owner with a roof box)
 
It's difficult, i know places in Wales have added an additional council tax banding system for second homes in the area. The problem is the people affording second homes are happy to pay that so therefore you're not really addressing the issue of quiet periods ruining the community.

I like the scheme in Jersey were locals get a cheaper rate than "outsiders", but i'm not really sure how that's funded/works. If i'm selling a house i'd rather sell it to Mr City Boy for £1m, than John down the street for £200k
 
Puzzled said:
Councils should be able to set punitive levels of council tax on second properties to discourage it.
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I live in Pembrokeshire which has a similar problem in some of the smaller coastal villages which appear abandoned in the winter.

The council impose a 2nd home tax. Can't quite remember the rules but they are pretty hot on it. I have rental properties and I get the 2nd home demand through the post before anything else when a tenant leaves.

Some properties do have caveats like has to be bought by someone local or has to be bought by someone who has worked in the farming industry last 2 years. This tends to make the property lower valued and hanging around longer.

https://www.bbc.co.uk/news/uk-wales-58911116
 
Ryan-3 said:
When it comes to student homes, it's literally cramming a bed into as many rooms as they can and then printing money.
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The whole concept of a home as an investment is a poison. Once you get away from that, and start viewing homes purely as homes, then you realise just how much the whole thing has been ******.
 
Semple said:
Foxeye is that you?
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Just seen the thread.

Last time I checked the coastal regions of Cornwall were 70% 2nd homes and the like.

Amusingly, it was reported a couple years ago the Tory govt had asked the local council why they weren't prioritising building more 2nd homes to meet the increasing demand for them.

With WFH the situation is even more stark than it was before.

I actually do not begrudge people from outside Cornwall coming to live here. I support people moving and living where they like.

However people buying up properties here as 2nd homes or as investments, sometimes continuing to live up in London and just looking to bleed money out of the region, well it's a problem.

As said above, these properties tend to be empty off-season, and during that time they contribute nothing at all to any economy.

My views on 2nd homes and BTL landlords in general is well known. I always remind people how much of their taxes is paid to private landlords in the form of housing benefits. It's actually one of our biggest taxation sinkholes, with £billions given to private landlords by the government. Worth remembering that.
 
Martynt74 said:
It's difficult, i know places in Wales have added an additional council tax banding system for second homes in the area. The problem is the people affording second homes are happy to pay that so therefore you're not really addressing the issue of quiet periods ruining the community.

I like the scheme in Jersey were locals get a cheaper rate than "outsiders", but i'm not really sure how that's funded/works. If i'm selling a house i'd rather sell it to Mr City Boy for £1m, than John down the street for £200k
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Perhaps they need to shift the value away from the property.

Say in areas which are suffering from the consequences of high second home ownership councils could introduce a system where only x% of properties can be second homes / not your primary residence. Those that have second homes are given a permit, when those permits run out then new people wanting to buy a second home either wait for a permit to become available or try to buy it off another second home owner.

The value then shifts to owning these permits rather than the property itself, hopefully limiting some of the house price rises for local residents. It also keeps x% of housing free for people who want to live in the community all year round rather than just a few weeks each year.

Bit like a holiday home version of a car parking permit system :p
 
FoxEye said:
I actually thought there was a good chance this would be some zany GD thread about bio-engineering the little yellow dudes to do menial tasks or whatever :p
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Now there's a thread I'd like to see. Far more so than this one!
 
EddScott said:
I live in Pembrokeshire which has a similar problem in some of the smaller coastal villages which appear abandoned in the winter.
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I can't imagine it'll be long before a couple of crims arrange to go and rob a load of homes because there's absolutely no-one around to hear a house being smashed into.

I suppose on the flip-side there's unlikely to be anything of real value in second homes - you might be able to nick a flashy TV and some decent whiskey, but i can't imagine people leaving things like cash and jewellery at second homes.
 
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