Guest 90210 Posted March 7, 2014 Report Share Posted March 7, 2014 LBC said by 2016 it will cost UK people an average of £80,000 (£4,500 take home net) to rent a good place in London. now they didnt make it clear if that was just a 1 Quote Link to comment Share on other sites More sharing options...
kerser Posted March 7, 2014 Report Share Posted March 7, 2014 No pressure on my side we eating good over here Quote Link to comment Share on other sites More sharing options...
Guest 90210 Posted March 7, 2014 Report Share Posted March 7, 2014 *now they didnt make it clear whether that was a 1 bed house/apartment i doubt this relates to flat/house share people Quote Link to comment Share on other sites More sharing options...
Afroman Posted March 7, 2014 Report Share Posted March 7, 2014 Yea just heard that. That's crazy Quote Link to comment Share on other sites More sharing options...
Heero Yuy Posted March 7, 2014 Report Share Posted March 7, 2014 I was reading the article about this, basically to rent in London in 2016 is going to cost you how much it is to rent an apartment in NYC now. So fucked but it's the capital of the country, it's where the money is Quote Link to comment Share on other sites More sharing options...
Haze-e Posted March 7, 2014 Report Share Posted March 7, 2014 Bye London 1 Quote Link to comment Share on other sites More sharing options...
kurious Posted March 7, 2014 Report Share Posted March 7, 2014 Would make sense if peoples wages were reflective of these increments 1 Quote Link to comment Share on other sites More sharing options...
Flat Eric Posted March 7, 2014 Report Share Posted March 7, 2014 watchusayliz Quote Link to comment Share on other sites More sharing options...
kurious Posted March 7, 2014 Report Share Posted March 7, 2014 I said fhfddkdsasyhghssyhhh Quote Link to comment Share on other sites More sharing options...
Vertigo Posted March 7, 2014 Report Share Posted March 7, 2014 Slowly but surely London's being socially cleansed. Will be very interesting to see how this changes the outer london districts in terms of the people having to move there. 1 Quote Link to comment Share on other sites More sharing options...
seven Posted March 7, 2014 Report Share Posted March 7, 2014 I said fhfddkdsasyhghssyhhh No. You say "Chu" Quote Link to comment Share on other sites More sharing options...
Afroman Posted March 7, 2014 Report Share Posted March 7, 2014 Slowly but surely London's being socially cleansed. Will be very interesting to see how this changes the outer london districts in terms of the people having to move there. This.. Quote Link to comment Share on other sites More sharing options...
PopT Posted March 7, 2014 Report Share Posted March 7, 2014 http://www.lbc.co.uk/lbc-exclusive-london-rents-soaring-five-times-faster-than-rest-of-uk-87054 Quote Link to comment Share on other sites More sharing options...
Thun Posted March 7, 2014 Report Share Posted March 7, 2014 Need to put a stop to all these rich greedy foreigners buying up property in London and leaving them empty Only people who have lived here for 15 years should be allowed to buy or something along those lines Sure I heard in Thailand they got a rule that foreigners cant buy certain buildings Quote Link to comment Share on other sites More sharing options...
Afroman Posted March 7, 2014 Report Share Posted March 7, 2014 The fuck as this got to do with foreginers ? Quote Link to comment Share on other sites More sharing options...
Thun Posted March 7, 2014 Report Share Posted March 7, 2014 The fuck as this got to do with foreginers ? Your not really clued up are you mate http://www.theguardian.com/business/2014/feb/01/rich-overseas-investors-uk-eu-housing-market http://www.dailymail.co.uk/news/article-2550494/Think-tank-calls-ban-rich-foreigners-buying-homes-London-puncture-property-bubble.html Quote Link to comment Share on other sites More sharing options...
Vertigo Posted March 7, 2014 Report Share Posted March 7, 2014 Yeah rich foreigners buying up multiple houses and flats for 'investment' and then leaving them completely empty will become a voting issue sooner rather than later, now this has hit the middle classes aka the voting classes you will see some movement on this. First political party to make a move on this will garner a lot of votes. 2 Quote Link to comment Share on other sites More sharing options...
JOHN DOE Posted March 7, 2014 Report Share Posted March 7, 2014 The f*ck as this got to do with foreginers ? they are buying all the land/property and then renting them out or leaving them empty in some cases the new builds are advertised in places such as China before marketing them to UK prospective buyers Quote Link to comment Share on other sites More sharing options...
Afroman Posted March 7, 2014 Report Share Posted March 7, 2014 I am aware of that. But the main problem here is the culture of buy to let. That Landlords can dictate whatever amount they want on a property and have the struggling tenant pay off his/her mortgage. This is what they were discussing on LBC. Regardless of foreigners buying the property or Home citizens. The culture of buy to let needs to be addressed. Which many of the callers weren't too happy about. Quote Link to comment Share on other sites More sharing options...
JOHN DOE Posted March 8, 2014 Report Share Posted March 8, 2014 with all these new builds that i see being built 'buy to let' culture aint going nowhere Quote Link to comment Share on other sites More sharing options...
Guest 90210 Posted March 8, 2014 Report Share Posted March 8, 2014 it affects buy to let culture because if foreigners keep buying up properties and leaving them empty nobody can afford to buy - forcing the market to go leff thus an intrinsic theory of renting / demand going up and landlords taking the 'obligation' to increase their rents... RPI Quote Link to comment Share on other sites More sharing options...
Thun Posted March 8, 2014 Report Share Posted March 8, 2014 The fuck as this got to do with foreginers ? I am aware of that. You was not aware of that though was you 6 Quote Link to comment Share on other sites More sharing options...
Kuffir Posted March 8, 2014 Report Share Posted March 8, 2014 Bye London trust me landlords hiking up prices is a direct result of 'the foreign splash', property along crossrail and battersea park has been hung drawn n quarted. two of the biggest economical ventures in the capitals future and both not due to land for another ten years AT LEAST. Slowly but surely London's being socially cleansed. Will be very interesting to see how this changes the outer london districts in terms of the people having to move there blacks to manny whites to essex and foreigners wherever or what u thnk Yeah rich foreigners buying up multiple houses and flats for 'investment' and then leaving them completely empty will become a voting issue sooner rather than later, now this has hit the middle classes aka the voting classes you will see some movement on this. First political party to make a move on this will garner a lot of votes. +1 Quote Link to comment Share on other sites More sharing options...
Mame Biram Diouf Posted March 8, 2014 Report Share Posted March 8, 2014 Guardian ran a video series on empty houses Some big mansions, empty, not used in years Crazy Tories wont touch foreign buyers UKIP or Clegg to try restore some pride into his life Quote Link to comment Share on other sites More sharing options...
Afroman Posted March 8, 2014 Report Share Posted March 8, 2014 with all these new builds that i see being built 'buy to let' culture aint going nowhere Which is why the foreign argument is flawed imo Most home grown people who buy-to-let do so as a pension for the future. So the poor will pay off your mortgage or will contribute as rent to your pension pot. You cant be selective with your buyers when you have cultivated a monopoly style culture with your housing market open to ALL. Their is really no room for morals in the housing market..GABOS. Its unfortunate. But it is what it is. Quote Link to comment Share on other sites More sharing options...
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