Brexit even begins to bore me.
So change of topic. Section 21 repeal
The government has done little on anything else (except zoo animals) but has also dropped a bombshell. The lunacy of repealing sec 21 for rental property, the right to serve notice. Affecting all tenants and landlords.
And as a result, ( and the increasing hostility of legislation to landlords even by Osbourne) now I have been "sectioned" or threatened with it, I have sold out of all of my UK letting properties, which offered a quality of living the tenants could hever have afforded individually at affordable price to 2-3HMO tenants . All sold same day they were advertised, to people who want to live in them.
Incidentally the considerale pool of ex EU tenants, is why I know how bad it is in some of their home countries, which is part of the consequence of the failure of the euro.
My money flowing abroad to more sensible jurisdiction, away from Comrad Corbyns clutches.
I understand 40 percent of landlords are either selling up or intending to. It will be a catastrophe for tenants. In scotland when similar was enacted, it pushed up rents 20 percent. How can it ever help? Tenants when asked if they want longer terms invariably say no, not wanting to be bound by it.
The ridciulously short time given for consultation (only 8 weeks) indicates the government feel obliged to consult but have no intention of listening. Indeed intend to do it in order to steal Comrad Corbyns clothes. A report that had to be seen to be written, but was not written to be read. All the other landlords I know are quitting or seriously considering it.
It will have a disastrous effect on the rented housing sector. There are not enough properties even as we stand.
Im curious, what are the views accross the spectrum of renters and landlords.