I'll have a Green and White one with a Red Dragon on it!
I'll have a Green and White one with a Red Dragon on it!
Visibility good except in Hill Fog
OK, I was suggesting that landlords not buying houses to rent would reduce the demand for those houses in the buyers market. Traditional economics tells us less demand means less inflation.
You mentioned "restriction on supply" like it was something I was suggesting. I don't understand what you meant there.
Also, I didn't say it would naturally follow that proceeds from landlords would go into UK businesses. What I I said was "we need wealthy people to be putting money into making the UK competitive". Don't you agree?
Those smart arsed remoaners who keep saying "we respect the result of the referendum" have now put forward 12 options that have been voted on. No No No No No No No No No No No No.
Arseholes.
Visibility good except in Hill Fog
When hmos get ditched three times the number of people are then competing for rental property available. The type of house they vacate still have demand from families moving out of rent, so the net result is reduced supply and increased demand for rental property on lower occupancy.
All the socialist knee jerk reactions, from making letting more onerous for landlords ( so increasing cost, reducing supply) to making employment more onerous for employers ( increasing unemployment and casual work, ask Spain) to raising taxes ( so reducing tax collected) all achieve the opposite of what these clueless ideologues claim. On rental Effectively Abolishing no fault eviction, lengthening tenancies is a disaster in Scotland. The threat of 3 year tenancies ( that tenants don't want unless one sided) , increasing taxation and removing fees will dramatically increase rent and reduce supply in England.
Price controls will do what price controls always do. Kill supply. In Cuba they put a price control on milk. Net result no milk production! It was only when food was left to free market the food queues stopped in soviet Russia.
Last edited by Oracle; 02-04-2019 at 12:19 AM.
I agree. We have seen that spin and presentation usually wins over substance these days and that is why I think Johnson will prevail.
He does have as you say a marmite type appeal, but he has a charismatic presentation style that might make him an effective front man.
I don't know if any of you saw Stanley Johnson on the Chase last might. There was a really funny moment.
The question was something like "When was Stradivarius making his violins? 16th, 17th, or 18th Century."
Johnson answered 18th Century. Walsh asked why he picked the 18th. Johnson replied "well I assume he was alive when he was making them".
It was the 18th.
Richard Taylor
"William Tell could take an apple off your head. Taylor could take out a processed pea."
Sid Waddell
So what happens when you "shut down" accommodation? Do you mean that you just sell it and look for something more profitable to invest in?
You may be interested to know that over recent years my wife has taken much of her assets out of Singapore, to invest in two houses for rent here (and has spent a fair amount of money improving one of them from its rather poor condition when she bought it). She wouldn't want Jeremy Corbyn in power here any more than you would, but she still sees houses as a good investment, and she doesn't trust the Singapore government. In fact, when she first announced to me that she was supporting Brexit, her reason was that she saw the EU as being like the PAP (the ruling party ever since independence) in Singapore, i.e. overbearing, undemocratic, corrupt.
https://brexitcentral.com/pointlessn...union-exposed/
Interesting article here. It demonstrates how the Customs Union doesn't work for the UK.
Richard Taylor
"William Tell could take an apple off your head. Taylor could take out a processed pea."
Sid Waddell