Garbage in, garbage out!In reality you're challenging the computer programme, not the assessor.
Garbage in, garbage out!In reality you're challenging the computer programme, not the assessor.
For those who choose to imagine that there is no problem: Reports like below have been cropping up regularly for several years. Getting worse, turning into a crisis for ever increasing numbers of people, even when they have two jobs to pay the rent.But the housing market would expand
Not so likely as we would have decreasing house prices for those hoping to buy.
The lower the house price the more money available for improvements.
The free market system we have at present is not fit for purpose
What this research fails to consider is whether those renting properties would be any better off if they owned a property instead of renting one. There are many homeowners facing similar increases in mortgage interest payments.For those who choose to imagine that there is no problem: Reports like below have been cropping up regularly for several years. Getting worse, turning into a crisis for ever increasing numbers of people, even when they have two jobs to pay the rent.
https://www.theguardian.com/society...ordable-for-private-uk-tenants-research-shows
Its a bit out of my way, but I'll give you 50 quid for itOur rental property was an E without much scope to get it to C unless we invested in expensive upgrades, so we put it up for sale. My thinking was that the housing market will be flooded with these inefficient old properties in a couple of years and their value will start dropping sooner rather than later.
Unfortunately for us, it was advertised for sale just before the infamous Mini Budget so we're currently stuck with an empty house and no tenant until it sells...
Yes definitely by a very large margin. Property owners have become wealthier by far. House prices and rents have increased much faster than incomes. Owners get wealthier, renters poorer as the chance of them owning gets ever more remote.What this research fails to consider is whether those renting properties would be any better off if they owned a property instead of renting one.
There will be many temporarily put out by higher mortgage repayments and even hitting negative equity, but in the longer term (since WW2) it has always been worth hanging on, however high the mortgage in the short term.There are many homeowners facing similar increases in mortgage interest payments.
I'd snap his hand off! Prices are going down fast though nobody knows quite where they will end up.Its a bit out of my way, but I'll give you 50 quid for it
Without mortgages how will they become affordable to the least well off?The way it’s going, lenders will not be interested in providing mortgages for housing stock with low EPC ratings. This will devalue these houses which will become more affordable for the least well off...
Sorry, poor explanation. The properties are becoming less desirable and prices are falling. Lenders are still providing mortgages, but increasing less willing. We appear to be in across over, how long it lasts will determine how many get caughtWithout mortgages how will they become affordable to the least well off?
It's like those stupid 'California cancer labels'- you got hit with fines if you didn't have them, so now 'everything' has them, and now everybody totally ignores them... (my sliding glass door in Australia came with one of them...- oh noes, my doors gunna give me cancer!!!!)EPC is a complete shambles. Done by the incompetent for the illiterate and pushed by those who know less than nothing.
Advocating insulating the wall and floors on a 1800’s built house with no damp course, solid walls lime plaster and cement is ridiculous, but needed to gain those points. Oh the mould and damp?? Well never mind, it’s got a C rating!
So more landlords would mean lower rents?You cannot repeal the laws of unintended consequences - playing bash the landlord just results in fewer rentals available and higher rents.
You cannot repeal the laws of market forces - fewer potential landlords as buyers means lower property prices. In general this can only be good news for all who merely require homes to live in.As for a rental being sold - when it does it is more likely to be a single family - replacing a rental for two or three singletons - certainly from my experiences - exacerbating the housing shortages. My daughter has had to move back home as a result - others pay extortionate rents.
As others have said rubbish in, rubbish out. The program (I am sure) is sound, its the simplified assumptions.In reality you're challenging the computer programme, not the assessor.
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