Urban75 Home About Offline BrixtonBuzz Contact

Jeremy Corbyn's time is up

Looking at the property websites you've got about 1-40 being sold with tenantt in situe 'investments' whether tenants have something legally binding I don't know

it will say somewhere in the small print if it's a protected tenancy (as in still on the old law) - i'm not sure what the law is if a place is in the initial 6 months of a tenancy and landlord wants to sell. there may of course be occasions where all concerned are willing for place with existing tenant to stay on but there's no legal obligation on anyone involved.

Yep short term tenancy now requires a licence and limited to 90 days in a year

my fear (which, again should not be taken as arguing for nothing to be done) is that if landlord and tenant law is improved, then at the murkier end of the market, tenants will end up in 'holiday lets' and end up with even less rights than they have now, and get shunted round even more quickly than the current 6 month tenancy merry go round. Or some landlords will stop making any effort to comply with the law, knowing that tenants will fear being evicted if the illegal let is reported to the authorities.
 
presume scarcity means prices are more likely only ever go up, therefore it's seen as a good investment.

That's what I thought, but it doesn't seem like a very good retort to my example of China which has massive oversupply of housing which is also extemely expensive.

I think the point is that government policy deliberately favours high house prices, overseas investment in housing is encouraged here for that very purpose. That's why nothing gets done about it. It isn't actually a terribly difficult policy problem to solve, the difficulty is that it will necessarily mean devaluing the assets of politically influential demographics.
 
That's what I thought, but it doesn't seem like a very good retort to my example of China which has massive oversupply of housing which is also extemely expensive.

I know next to nothing about China, but is it that there's multiple markets - some areas where there is a shortage and housing is expensive, others where there's housing but little demand for one reason or another? arguably, the property market in england is like that...
 
Cos we all know that the proper role for former leaders is as a lobbyist for dodgy regimes/companies.
Put this on the Hold your nose and vote Labour thread but it fits here too. A fair number of prospective Labour MP's working for dodgy PR and consultancy firms representing even more dodgy companies:

 
Meanwhile, the current leader of the world's sixth largest economy...

SEI_205579124-4c7e.jpg
 
I know next to nothing about China, but is it that there's multiple markets - some areas where there is a shortage and housing is expensive, others where there's housing but little demand for one reason or another? arguably, the property market in england is like that...
That's a part of the reason, but it is also caused by a cultural tendency to save money and invest but people distrust the stock market so property is the only outlet, and the one child policy meaning men are expected to provide a house as a condition for marriage. I think the 1 child policy has also enabled the market to inflate far beyond what would be sustainable elsewhere because you can have multiple generations chipping in to secure their only male line descendent a house.

I found in China it is much more common than here to meet people who own like 10 empty apartments as investments but then there are also others who live with their parents or in company dormitories and have no hope of ever owning their own place.
 
Back
Top Bottom