In the news

Fucking nails it

https://vm.tiktok.com/ZMLNxgL2G/

https://www.theguardian.com/business/2022/feb/01/new-super-tax-to-deter-energy-firm-owners-from-gas-profiteering?CMP=Share_AndroidApp_Other

^ that sounds like a good move.

I'm tempted to say it should apply to both the owner of the property and to tenants, in some kind of proportion.

split it into two parts, one for the land, one for the property.

owner always pays "council tax" for the land.

occupier pays for property council tax based on size/value.

Owners will just pass all of the 'owner' costs onto the tenants in the form of increased rent.

Ban private landlords, who is going to miss them exactly?

Shame that most of our sitting MPs are landlords, in a screechingly fucking obvious conflict of interest.

Unfortunately private landlords have a place. I mean, where do estate agents get their properties?
How do you get a rental with bad credit?
No references?
Or you lived in a shared house someone put in arrears?

Live with your parents until you are ready to buy.

What do you mean that's not perfect

Yeah not like the state could do something super tricky like own a house and rent it out, that takes a special kind of talent

They will but if the system was designed properly to penalise property hoarders tenants would be unwilling to pay that cost. Eg. why rent off the professional landlord who needs to charge £500/month on top of rent to cover his taxes when you could rent off a couple who've moved abroad for a year and are only taxed at £150/mo?

We briefly got back to the news there.
In the news, my brother lives on the same street as Mason Greenwood and was passing by as Greenwood was arrested last week.

Yeah not like the state could do something super tricky like own a house and rent it out, that takes a special kind of talent

But if you design in a shortfall by, say, selling off all the stock on the cheap, you need someone who can then take advanta... I mean pick up the slack?

It's like playing at debate in school.

Formalised pearl clutching.

Ffs. £8.7bn

https://twitter.com/Peston/status/1488494435679838209

Hmmm... either Israel's policies towards Palestinians amount to apartheid, or Amnesty International are a bunch of rabid anti-semites with a racist agenda to discredit Israel. Just don't know what to believe....
https://www.bbc.co.uk/news/world-middle-east-60197918

either Israel's policies towards Palestinians amount to apartheid, or Amnesty International are a bunch of rabid anti-semites with a racist agenda to discredit Israel.

https://www.alamy.com/jeremy-corbyn-joins-an-amnesty-international-protest-against-augusto-image152666418.html

Case closed.

If renting were banned, there would be an awful lot of houses suddenly on the market, with a strong downward price trend.

Doesn’t even need to be a state thing - cancel the original mortgage, compensate the owner for their deposit and repayments and transfer it to the occupant on mortgage terms of their choice (up to property lifetime). Like renting but they build equity - possible to pay it off with short terms or just cheap and transferable to the next occupant.
Bank makes money on interest, original landlord gets a lump sum, occupant gets cheap housing.

I’ve never really done much reading on this conflict. How did it start? Is it a relatively new thing I.e less than 100 years old or a religious thing that’s been going on forever

The former

Yeah, it's one of those flash in the pan type things. Might well have all blown over by next week...

Get Liz Truss over there to sort it out

https://www.bbc.co.uk/news/business-60213084

0.8% in a month

It's a horrible persistent anxiety that every day I don't buy a house makes it a little bit more expensive to do

Buying a house only replaces that anxiety with another one.

Like where to put all the money when the ISA is maxed out.

Ffs. £8.7bn

That is mental.