Jump to content

House price inflation by £1000 per week ?


Shake me up Judy
 Share

Recommended Posts

39 minutes ago, Bandits said:

I can’t work out the point of this. It’s just another bloody form to fill in. There’s no benefit to the landlord as they can let property out anyway due to excess remand for rentals so why fill in yet another bloody form for another bloody government department to let your property to a particular type of tenant? Start offering tax incentives or subsidies and you might be talking - but a pointless register of everything that’s already listed on Facebook or estate agents websites to rent seems to be a completely pointless exercise. Do teachers not use the internet?

It’s even worse than that. The form is pointless but they won’t even register you unless you voluntarily register under the landlord and tenants act. What a joke of a scheme. They seem to think that guaranteeing you more things to comply with and more red tape is magically going to make you interested in doing something when there are people literally beating on your door desperately looking to rent your property anyway as the market is so tight. 

6AE95DCB-AAC5-4737-9DC5-D4D1E10368E2.jpeg

  • Haha 2
  • Sad 1
Link to comment
Share on other sites

5 minutes ago, Wavey Davey said:

They seem to think that guaranteeing you more things to comply with and more red tape is magically going to make you interested in doing something when there are people literally beating on your door desperately looking to rent your property anyway as the market is so tight. 

6AE95DCB-AAC5-4737-9DC5-D4D1E10368E2.jpeg

FFS clueless. When will this Island and our government realize that regulating things makes people less likely to do something rather than more likely to do something? Leave it a few months and then put an FOI in to see how many applications they received (if any).

  • Like 2
Link to comment
Share on other sites

57 minutes ago, Bandits said:

FFS clueless. When will this Island and our government realize that regulating things makes people less likely to do something rather than more likely to do something? Leave it a few months and then put an FOI in to see how many applications they received (if any).

There are many ways to try to fix this problem. None of them are filling in daft forms for civil servants.

1. Tax breaks for those who rent to key workers (currently 20% deducted at source)

2. Government guaranteeing the tenancies & damages to de-risk the tenancies for the landlord

3. Government paying grants to tenants so they can better afford higher rents

4. Government being the lead tenant & paying the rent direct rather than the employee to de-risk arrears for the landlord

All of those would make it attractive for the landlord to focus on key workers. But what is the solution agreed? More red tape and basically bullying people into signing an unpopular voluntary register to effectively achieve nothing for the property owner. You really do have to worry about the quality of people tasked with solving serious issues.

Edited by BriT
Typos
  • Like 2
Link to comment
Share on other sites

If you have a property to let, why would you NOT register it??? If you let it in the meantime, de-register or say when it will become vacant again!!!

Mountains and molehills and Manx Forums!!!

Link to comment
Share on other sites

51 minutes ago, BriT said:

There are many ways to try to fix this problem. None of them are filling in daft forms for civil servants.

1. Tax breaks for those who rent to key workers (currently 20% deducted at source)

2. Government guaranteeing the tenancies & damages to de-risk the tenancies for the landlord

3. Government paying grants to tenants so they can better afford higher rents

4. Government being the lead tenant & paying the rent direct rather than the employee to de-risk arrears for the landlord

All of those would make it attractive for the landlord to focus on key workers. But what is the solution agreed? More red tape and basically bullying people into signing an unpopular voluntary register to effectively achieve nothing for the property owner. You really do have to worry about the quality of people tasked with solving serious issues.

Tax deducted at source? 

Link to comment
Share on other sites

34 minutes ago, Kopek said:

If you have a property to let, why would you NOT register it??? If you let it in the meantime, de-register or say when it will become vacant again!!!

Mountains and molehills and Manx Forums!!!

You don’t need to register it. There are more people looking to rent than rental property available. Most estate agents have next to no rental stock and if you put a property on Facebook it’s let almost instantly so why would anyone go through this daft process. As someone said above the problem is lack of stock not people not letting out property.

Link to comment
Share on other sites

2 hours ago, Kopek said:

So it's wise to let Dandara build lots of apartments and estates in that case!

No, because they build and rent out or make money managing them for investors, effectively keeping prices high and still not enough properties in resident buyers listings, it’s a sham and about time we had a reality BANG to rebalance. 

  • Thanks 1
Link to comment
Share on other sites

Most of the property is at least £1,200 per month I don’t now how people can afford to pay this and save for a property of their own.    There should be a fair rent department that assess how much a property should be rented for with a comparison to the social housing rents.    If these greedy landlords decide to sell up that is great all those houses would be for sale, properties would stabilise and people would look to buying instead of renting especially if the government got a realistic scheme for first time buyers. 

  • Like 1
Link to comment
Share on other sites

Sid, you could ask, how can we afford to pay the wages for people to afford these rents???

In our day, we or our parents would have been living in an Hovel at todays' rents???

  • Thanks 1
Link to comment
Share on other sites

On 10/6/2021 at 11:16 AM, Ramseyboi said:

 

Working harder typically leads to chances for promotion or to apply for better jobs, therefore you get paid more.

Unless your own government (who offer you no form of support for part time qualifications) actively discriminate against you by offering employers incentives to recruit from across and employees thousands to move here.

  • Like 1
Link to comment
Share on other sites

5 minutes ago, Kopek said:

Sid, you could ask, how can we afford to pay the wages for people to afford these rents???

In our day, we or our parents would have been living in an Hovel at todays' rents???

Wages haven't gone up anywhere near as much as rent/house prices.

  • Thanks 1
Link to comment
Share on other sites

52 minutes ago, buncha wankas said:

because they build and rent out or make money managing them for investors

[Dandara]..........build and rent...............

Yes, it is a shame that this happens but those 'off plan' sales probably help to fund the overall development, including the 'Affordable Housing'.

It's not just Dandara making a killing out of this system, it's you and I, our neighbours, friends, relatives, your Doctor, nurses, your Kids teachers and Uncle Tom............Maybe your wife is squirreling money away for when she divorces you!!!

It's selfish sure but how to deal with it? Would you turn down the opportunity to make a fast buck?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...