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This article shows how government and local councils continuous assault on private landlords is helping to cause a housing crisis.The tenant fee ban, extra landlord taxation, threat of ending section 21 eviction, the freeze on Local housing allowance, the cost of selective licensing and the lack of contributions from large house/apartment builders to affordable housing. All these have meant landlords selling or increasing rents.The building companies that are building large expensive apartments throughout the city center not having to contribute to affordable housing leading to a shortage all in the effort to attract people into the city center paying larger council tax bills into the councils budgets.
Manchester based investor. I buy, sell, renovate and rent investment property in East/North Manchester email: firstname.lastname@example.org Call: 0161 681 3724
The more Landlords put up rents ? The pressure will grow to introduce rent control
Then where will the sector be ???
There is no joined up thinking about our sector
Its a mess
Learn Change and Adapt ?????
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Do you think rent control will have an effect on yourself, as im guessing similar to me we don't charge massively over what the benefits will pay
I am in the NE where rents are Low so I dont think I would be effected by Rent Control
I may even welcome it because I remember the old days of rent control when you got a rise in Rent every two years because of inflation
Generation rent want rent to be set at 50% of the Council Tax annual bill
If that was to happen I would have higher rent then i now receive now
same here, 50% of the council tax all my rents will go up, bring it in I say haha
Rent control will reduce houses available for rent at a stoke in massive numbers. There will be thousands of sob stories of the homeless without the reasons being explained which will be eventually become so obvious that even the BBC may realise and tell he truth. Immigration at 350k legal plus 150k illegals every year need to live somewhere creates pressure that current building has no chance of meeting.
To be fair BBC ran a story about 2 weeks ago where CRISIS said whilst more Council Housing is the long term solution for homelessness - it is essential to increase LHA in meantime.
Council housing peaked at around 6 million homes in 1981 - but it took 56 yrs to build them - ie 21 yrs 1919 to 1939 for the first 1 million and 35 yrs post WW2 for another 5 million.
Nice idea but very very expensive 500,000 houses @ say 150k is 75,000,000 and what is the housing shortfall 2 million? The private sector creating 190,000 per year is patheic.
i personally ike the idea of councils re-zoning land and putting building out to tender. Luckily immigration cynically will keep the demand sky high.
Taxpayers either have to fund rents for the poor (more LHA) - or fund via Capital Subsidy the large scale building of Council homes with economies of scale on the build costs.
Another alternative is that non working poor households are housed in the cheapest locations (where job availability is not an issue).
Taxpayers either have to fund rents for the poor (more LHA)
or we could face rent control because the Govt will not want to see LHA increased in the years to come
Currently 65% of all HB/LHA goes to Social Landlords (see EHS 2017)
LHA caps mean PRS only increases overall LHA by housing more families.
In the past SRS has been able to garner more HB simply via rent increases - with rents since 1979 on long term average doubling every 9 yrs,