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  • Section 24 HQ

    Osborne blamed for housing market woes

    Because tenants can't afford the rent required and LL are disinclined to take on tenants paying less than market rent.

    There will always be someone prepared to pay the rent required.

    Any fool LL can let a property for less than market rent.

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    Makes no business sense at all though, to leave it empty for months. Certain loss. Unless you think they're up for rent at break even point? Including tax?

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    Rachel 

    "Change is a prerequisite to longterm survival".

    The establishment is rigged so that the rich stay very rich, and the poor get poorer.


    The cost of evicting makes it worthwhile leaving vacant.

    HB tenants tend to trash properties and spend the HB monies on themselves.

    They know they can behave with impunity.

    These types never seem to have any problem sourcing new private tenancies.

    So these tenants can surf from LL to LL never paying much rent and with no chance of the LL ever achieving civil recovery.

    There quite a few options now to use vacant properties.




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    Boris Johnson is calling for a cut to Britain’s “absurdly high” stamp duty.

    Writing in this morning’s Daily Telegraph - the same newspaper in which he wrote his infamous burka comments a week ago - Johnson says there will be an impending crisis of capitalism if young people are not able to get on to the housing ladder in greater numbers.

    He writes that he believes a more mobile housing market, with a higher turnover facilitated by lower stamp duty, would encourage more first time buyers.

    Full/source article

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