The joy of being a landlord
- Thread starter Quartz
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How would it level off? Do a quick bit of maths for me. Start at 1000 and keep multiplying it by 0.75 (the current birth rate in the UK) and tell me when it starts to level off. As for replacing a government with AI and letting people vote on issues. Thats madness. We already have a stupid population that is easily manipulated and swayed. Imagine if issues were decided by the average citizen with the square root of FA knowledge on the issue. It would be a disaster.
Running a society is hard. Really hard. There are no easy solutions to these problems.
Whilst I'm not disagreeing that couples are deliberately choosing not to have children because of costs, and various other reasons.
There is definitely an increasing element of couples who can't have children despite wanting them. Having some close friends/colleagues who have gone through fertility treatment, it's certainly been an eye opener as to the state of things. Men's sperm rates have been dropping significantly over the last few generations. I suspect a real mix of overall health, what foods we eat, how much we drink, daily stresses and anxieties, tiredness and energy levels, etc. All play some role in how fertile a man can be. You really don't have to look far to spot unhealthy blokes.
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I think perhaps a new thread should be started as we've rerailed this one too far already. Apologies OP.
Just watch house prices go up in response.
Just ask Nothern Rock.
The proposals to relax the loan to income multiplier some more came from the BoE? And they are still looking to minimise risk by looking to cap the overall loans on the higer income rate to 15% of the total mortgage book.
I guess that will help take into account the regional differences in prices, where down south FTB's struggle to buy being limited to 4.5x salary due to the exorbitant prices.
We're not at the '08 levels of irresponsible lending yet....ask Northern Rock about their 125% mortgages
I guess that will help take into account the regional differences in prices, where down south FTB's struggle to buy being limited to 4.5x salary due to the exorbitant prices.
We're not at the '08 levels of irresponsible lending yet....ask Northern Rock about their 125% mortgages
The solution for rent problems has never been to make buying easier, governments (and banks) never learn. It is to improve renting conditions. Primarily via new social housing stock.
Always looking to the housing purchasing market as a solution.
Also making buying easier by actually cheaper houses is the better way to do it, not via high borrowing multiples.
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The solution for rent problems has never been to make buying easier, governments (and banks) never learn. It is to improve renting conditions. Primarily via new social housing stock.
Always looking to the housing purchasing market as a solution.
Also making buying easier by actually cheaper houses is the better way to do it, not via high borrowing multiples.
Indeed. Not only does it prop up house prices through encouraging people to take on ever more debt to get on the ladder, but those new buyers are probably going to be paranoid about falling into negative equity if there is any actual downward correction in house prices.
The solution for rent problems has never been to make buying easier, governments (and banks) never learn. It is to improve renting conditions. Primarily via new social housing stock.
Always looking to the housing purchasing market as a solution.
Also making buying easier by actually cheaper houses is the better way to do it, not via high borrowing multiples.
The government and banks know exactly what the effect will be - look at who benefits.
Exactly this, that's all the other schemes have done.
Help to buy just slapped 20% onto the house value straight away.
The best thing to have done was responsible borrowing and flood the market with new builds. This would have kept houses prices at a steady level, people would have still needed to have saved a deposit but might have been slightly more achievable at the time.
people seem to be able to afford 2k a month in rent for a 3 bed (how they find the money I've no idea) but they get turned down for a mortgage because of the deposit. Maybe they could do mortgages where you have to pay the normal mortgage rate + a further sum each month for 3 years until they have paid 10% of the initial value, then the monthly payments go down to the standard rate.
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There are now mortgages for renters (with more than 12 months payments).
Another issue here is that some of aspiring home owners don't want to start at the bottom, they want somewhere in a postcode they 'like'.
IIRC the reason 'right to buy' went off the rails is the councils were not held to account on the clause that said a large %'age of the revenue generated from the sale be used to build new social housing. Instead they sold the sock to (council owned in many cases) 'Housing associations', which did not have to reinvest.
Another issue here is that some of aspiring home owners don't want to start at the bottom, they want somewhere in a postcode they 'like'.
IIRC the reason 'right to buy' went off the rails is the councils were not held to account on the clause that said a large %'age of the revenue generated from the sale be used to build new social housing. Instead they sold the sock to (council owned in many cases) 'Housing associations', which did not have to reinvest.
Yes, and that’s good, but (from the article)..
- You could be paying a higher interest rate due to not having a deposit
- You might face higher fees due to how complex your mortgage application might be
- There is a risk that If your house goes into negative equity, you won’t have any deposit to offset any of it
- Only one mortgage lender is offering a zero deposit mortgage (a building society), meaning you won’t have a selection of lenders to choose from
Which is fair enough, and I don’t particularly like to use the term, but beggars can’t be choosers.
Yup, that’s been gone over many times on here.
On another note, I got an email from my agent recommending I put the rent £x amount which I declined.
I’ve no idea where they get these numbers from, and doesn’t affect the fees I pay them as they’re fixed.
Maybe they’re all just greedy buggers?
If by "a postcode they like" you mean somewhere that allows them to travel to their job within a reasonable amount of time and isn't in the arse end of nowhere, yes, yes they do and thats not unreasonable. They aren't all saying they want to live in Kensington. They just want to not be told "move up north" if they can't afford a cardboard box in the south where their life, family and work is.