Re: What a Loverly Couple.
Taking a deposit is an incentive to look after the property (and most decent people will) and to stop them doing a runner without paying the rent.Property looked after, rent paid deposit returned on leaving.I must admit I have seen a number of cases where people have had trouble having their deposits returned.I cannot see any house getting away without paying Council Tax,the council will get it some way or other.House's I worked on full central heating fitted.new fitted kitchen and I think it was the law to lay floor covering,fully decorated.
Regards.
Jim.B.
Re: What a Loverly Couple.
louisyou are entitled to your views like football suporters every one is a manager and knows better than the one who runs the team.....what should be done ....most couldn't kick a ball......my experience is based on fact ....iam not a crook ....iam sure you didn't mean that I was....I now make a good living from property rental as part of my pension fund .....I am certainly not ashamed of that .....I have fist class tenants ...at ....fair rents....as for deposits it is usually a months rent.....which would not pay the decorators who are always required....my experience is on the job not out the newspapers .....but no hard feelings regards cappy
Re: What a Loverly Couple.
Some ten years or so these people took a huge gamble they bet on the rents being able to cover the mortgages and on property prices rising , they have to some extent have won the very risky gamble and have 1000 properties worth over £100,000,000 . They started as maths teachers and now have a property empire , we do not know how much of the fortune is mortgaged , I suspect quite a lot of it , they are owed £800,000 in arrears solely from tenants on housing benefits . They have done nothing that any of us could not have done , if we took the chances , and are housing 1000 families . Given the circumstances , I personally would be reluctant to risk my gains because of arrears amounting to a huge sum like that , and would be choosy over where I picked my tenants from , They have risked it ,, they have made it , I see not a thing wrong with that .
The aspects of social housing though is a different matter , councils have shrugged off this to Housing associations and private landlords , and I agree the council housing should be increased and expanded , and heavily invested in , although with a more efficient management than what I see running council housing today . Locally all the highly inefficient direct labour has been replaced , but house building is at a standstill , the larger developments being required to have a proportion of affordable housing . There are a lot of young single mums locally with flats and houses , maybe , they could have stayed at home a few years longer . I believe the affordable and Social housing needs an urgent nd good shake ,
Re: What a Loverly Couple.
Hi shipmates, Hi Cappy, I am sure you are not a bad -land-lord, but I speak as I find, My brother in law has property in a few counties ,which he lets out , and my son in law has a couple. But many land -lords in Cardiff are non -dom so dont pay tax, I understand the system. its unfair to some land-lords who pay they fair share of tax and play by the rules... The council in Cardiff bringing in a new system, to stop some bent land-lords ? I gave information to help them last year...
Re: What a Loverly Couple.
look at the young trying to get a mortgage both have to have good jobs and in this day and age jobs can go under in a heartbeat we have seen it in our street a good living couples house sold from under them by a bank?? is it not the case that the government might be taking the food out of the bankers mouths by building social housing we are getting like the states one dad spell in your life{which we have all had} and you are living in a cardboard box under a bridge? there are thousands of good builders out of work but no we would sooner not use their skills we keep them on the dole a house could be built and sold at a fair price to everyone not through a bank through the government interest free one price and pay it not paying interest to a bank for 30 years and still not finished paying for it?jp
Re: What a Loverly Couple.
I think the big problem is availability of building land , Locally the site I worked at of 5 Acres of Brown field site , cannot be built , or rebuilt on because of flood plain development planning rules , rightly so , the 5 acre site cost £10,000,000 to prepare for building , and the initial plan was for 180 houses , that is 36 houses to the acre and the infrastructure is included in that leaves an area of around 30 foot x 50 foot for each house garden and parking space . Not very big and you would get around £140,000 each locally for them so the land and roadways would take half of that releasing only £70,000 to build the house and make a profit from . This is typical of the area , the land prices kill Social housing projects . If you put the houses on 1/4 acre plots i.e. 40 houses they would sell for £750,000 each leaving £480,000 to build the house and make a profit from . I would there fore say 180 Social houses yield a profit of £1,800,000 to build 40 executive houses will yield a profit of £4,000,000 , the executive gated estate houses will sell quickly , and the profit margin to the developer is better , thus no to social houses , sorry but that is the economics behind the reasoning
Re: What a Loverly Couple.
Rob does it not work out a third for the land a third to build and a third profit.
Regards.
Jim.B.
Re: What a Loverly Couple.
Well if its a shortness tax payers money, Which a lot of this guys tennants pay that is the problem what is all the fuss about no shortage of money here, Terry. :mad:
http://www.theguardian.com/world/201...tain-37bn-book
Re: What a Loverly Couple.
re #17 land in my immediate area that is a 20 mile radius of Portsmouth is scarce and here is Green Belt style developments going on to satisfy the needs , a social style house costs £40-£50,000 to build sell for £150.000 , but the plot and infrastructure can .easily be double that build costs , so the profit is not good , and they are hard to sell unless you can get a deal with a housing association , which reduces the margins as well . Executive houses are £450-£850,000 , a 1/4 acre plot £200,000 construction £200,000 profit £200.000 so the 1/3rd applies . This applies to the South East of London , below the Thames . I cannot guess for other areas , but here social housing is built as a kiss the planner's rear end so the permission for a bigger development gets through .
Re: What a Loverly Couple.
I have said this before how the hell do we want to spend £82 billion on a train set to London through a flood plain?? the government tell us that we have to cut £11 billon every year to keep the country on track{excuse the pun} well there is the answer scrap the idea+ we give 42 billion away every year so that trough feeders in other countries can line their pockets? is it just me that can work this out? question most of the south is under water has any other country sent us any help or are we on our own yet again?jp