Rental property advice

[Muddy42]

  On 04/06/2024 at 20:51, doobin said:

Or you could even try the correct answer on for size….the house price drops slightly as it now makes no sense to rent it out and people who previously rented can buy their own houses. 
 

 Landords keep trying to push this fallacy that if they sell up the house will just disappear. It will only disappear from the rental market- for which demand will shrink by one unit as the house becomes owner-occupied instead. 
 

You are being utterly ridiculous suggesting that they would be just left vacant (with who paying the mortgage??) or demolished if the landlord couldn’t make profit from them and decided to sell. Neither of those options would ever happen. 

 

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Yes, thats another variation on ‘sell’ and it does happen that low value rural properties get left vacant or demolished. A farmer near me just demolished an old wreck with his digger to avoid paying the council tax. Not all have mortgages or the mortgage is on the whole farm. Sorry its hard to generalise with housing.

[Muddy42]

various stats 

UK’s rental market shrinks by 400,000 homes in just seven years

WWW.PROPERTY118.COM

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The UK's private rented sector (PRS) has seen a significant decline in the number of homes to rent since 2016, one leading real estate advising firm reveals. According to CBRE, it...

 

[doobin]

  On 05/06/2024 at 07:49, Muddy42 said:

various stats 

UK’s rental market shrinks by 400,000 homes in just seven years

WWW.PROPERTY118.COM

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The UK's private rented sector (PRS) has seen a significant decline in the number of homes to rent since 2016, one leading real estate advising firm reveals. According to CBRE, it...

 

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There are no stats whatsoever there other than the headline one.

 

Nothing in that 'article' (from a landlord forum no less) gives any indication to what happened to the 400,000 units that disappeared from the rental stock. Are they all AirBnBs? Or did a lot of them become owner occupied instead?

 

[doobin]

  On 04/06/2024 at 22:20, Muddy42 said:

Yes, thats another variation on ‘sell’ and it does happen that low value rural properties get left vacant or demolished. A farmer near me just demolished an old wreck with his digger to avoid paying the council tax. Not all have mortgages or the mortgage is on the whole farm. Sorry its hard to generalise with housing.

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Come off it mate. Leaving aside the issue of uninhabitable wrecks being council tax exempt, farmers up and down the land are rushing to sell off old wrecked barns with the automatic dwelling planning permission their Tory chums gifted them under Class Q. Ranging from £1m plus in the south to £50k in the arse end of Ireland for a shell of a barn.

 

Yet you're telling me that your local farmer would rather spend a day knocking it down with a digger rather than selling it and pocketing £50k? Where do you live, Beruit?

 

Stop pushing this ridiculous myth that without saintly landlords rental houses will just dissapear. It doesn't stand up to any logic or reason.

[GarethM]

Class Q is just a kick in the balls, take it from someone that went for class E/R on a building (That's effectively a business that's run from home, Ie not noisy) and is now trying to get permission to rebuild like for like to make it more useable, warmer and eco BS.

 

Currently about 8k+ and counting with conditions that lists into the pages.

 

Just because you hear Derek down the pub etc, doesn't make it actually true.

Edited June 5, 2024 by GarethM

[Muddy42]

  On 05/06/2024 at 13:13, doobin said:

There are no stats whatsoever there other than the headline one.

 

Nothing in that 'article' (from a landlord forum no less) gives any indication to what happened to the 400,000 units that disappeared from the rental stock. Are they all AirBnBs? Or did a lot of them become owner occupied instead?

 

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its bank of england data. Like it or not, the PRS sector has shrunk.

 

 

Has the private rental sector been shrinking?

WWW.BANKOFENGLAND.CO.UK

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The purpose of Bank Overground is to share our internal analysis. Each...

 

[eggsarascal]

  On 04/06/2024 at 20:51, doobin said:

Or you could even try the correct answer on for size….the house price drops slightly as it now makes no sense to rent it out and people who previously rented can buy their own houses. 
 

 Landords keep trying to push this fallacy that if they sell up the house will just disappear. It will only disappear from the rental market- for which demand will shrink by one unit as the house becomes owner-occupied instead. 
 

You are being utterly ridiculous suggesting that they would be just left vacant (with who paying the mortgage??) or demolished if the landlord couldn’t make profit from them and decided to sell. Neither of those options would ever happen. 

 

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You’ve not been up north for a while, the amount of shops that had living accommodation over them that stand empty is eye watering.