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I have just been watching Lara Peacock MP on Sky News today
If we really want to see a major danger to face us, I would watch her interview
This is the plan in a nutshell - If a Commercial Landlord owns a shop on a High St and it is empty for 12 months the council will have the power to take over the property and re-let it to anyone they think fit !
This is outrageous!!!! A govt taking property off a Landlord ???????
If Corbyn came to power, the effects on our sector would be a nightmare
I have never seen such Left Wing rubbish in my life
But It should worry us all in my opinion.
I have made alternative arrangements if Corbyn ever came to power.
As a back stop, I have been generating cash and investing in my ISA and my Pensions and If I think Corbyn has a chance of coming to power I will switch all my investment into overseas funds.
Has anyone else thought about how a Corbyn Govt would effect your life in the UK ?
Corbyn in power could happen .... what are you doing about it - are your making a Plan B?(*Moderator addition: See DL's previous thread on this topic >>>> Are you preparing for "Corbygeddon"? *).
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Leave the UK? We have a video on this topic - "If you have assets, you are painting a big target on your back saying "come and get me!" :
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
The interview I listen to this morning was frightening vennesa
Shops first then houses where would it end
Slowly working towards financial freedom
I think councils already have the power to take over vacant properties if needed, be that residential or commercial.
I think it's a good thing and they should do it more.
Think about the owners of the neighbouring properties, when the empty one starts falling down.
It can result in damage to the adjoining properties and also drag down prices in the whole area.
Also, why are these shops empty?
Probably because rents and taxes are being set too high for the businesses to survive.
If the council let out a building to a new start up at a low rent and tax, that's better for everyone than leaving the place empty to fall into ruin.
I went to Spain recently and a town there had well over 100 independent shops. They were all small frontage, but deep, and I could count on one hand how many empty shops there were. It was a stark contrast to what is going on in the UK. It felt really nice walking around and experiencing one-off shops. I think the UK seems to have forgotten what a joy it can be to go into independent shops, preferring to be lazy and shop online or go to the big multiples.
Unfortunately there is still a mentality that UK high street shops are for fleecing, and I'm sure it's a combination of LL's and councils that want their pound of flesh for the first 20 days of the month, with the remainder of the months profit being left to the person running it.
I've been asked many times now why I don't have a shop for my other business and it's because the rents in my area are just crazy. £1kpm just for the rent = no thanks.
Until the mentality of both councils and shop LL's changes, we will see ever more empty shops.
Whilst there are many empty shops in the main town of Tameside there are lots of independant shops down backstreets and in the market.
I think its unreal to think a Council can take someones shop and they decide who should rent it
and the Landlord ?owner has no say
So you think a Govt should take someones Private Property and do as they wish with ie
I would have thought is was close to theift
what happens if the owner of a shop has a Mortgage I think the Mortgage co would take a very dim view
and it could end up being repossessed or are you suggesting the lender should just write off the Mortage
I have never listen to such rubbish in my life
and I can say this if it starts with shops it could well be the out come for homes that are let
If the council let out a building to a new start up at a low rent and tax, that's better for everyone
95% of applicants for my reasonably-priced small shops are completely clueless so, unless these councils have sensible vetting in place, town centres would end up looking a whole lot worse.