G romit

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About Me

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my expertise in the industry

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G's Recent Activity

State run utiities tend to be so inefficient, that private companes are able to do a better job, more cheaply and make a profit.

From: G romit 15 June 2018 10:58 AM

Rents have to rise because the Government is increasing Landlords costs. Without substantial increase in rent Landlords woul face rates of tax in excess of 100%. Yes that's right the Government takes all the profit and more esides. You are getting State control in all but name! The Government has set up landlords as the whipping boy for their tax grab.

From: G romit 15 June 2018 10:43 AM

They did see it coming but their BTR buddies haven't taken up the slack! (Nor as yet handed out lucrative non-exec Directorships).

From: G romit 15 June 2018 10:35 AM

See my previous comment

From: G romit 15 June 2018 10:31 AM

Your confusing this Government with someone who gives a s**t!

From: G romit 15 June 2018 10:30 AM

Presumably you have the same opinion of supermarkets, water companies,electricity companies, gas companies, your local butcher, grocer. Get real!

From: G romit 15 June 2018 10:28 AM

The Government are going to do anything that cost them (central Government)money or loses them revenue. If they do then they'll make charges for those services (e.g. Housing Courts fees) or increase taxes, or put the costs out to local Government

From: G romit 02 October 2017 11:49 AM

................so Corbyn must really happy that this leftist Tory Government is executing his PRS plan for him (and taking the liability when it all goes pear-shaped).

From: G romit 29 September 2017 14:56 PM

you are crediting the Government & their advisor with more intelligence than is justifiable.

From: G romit 29 September 2017 14:52 PM

At last some at the helm of Shelter who seems to understand a bit about the economics of the lettings business. Let's hope she'll change Shelters stance on Sec.24.

From: G romit 29 September 2017 08:00 AM

"The steady fall in the number of homes available to rent in London has been driven by a drop in the number of landlords buying since the new stamp duty rates". Undoubtedly Stamp Duty will have an effect but only to deter further growth. As yields in London have been pretty thin in general, the effects of s.24 will make letting a property uneconomical for many Landlords resulting in them selling up, as the Treasury/HMRC will now be taxing them on fictitious profits. So the effect of s.24 will be to reduce the number of properties available to rent, and that on its own will drive rents higher. THat's on top s.24 driving up rents in its own right just to pay the extra tax.

From: G romit 14 August 2017 09:26 AM

Needs to be a co-operative arrangement between NLS, RLA & ARLA.

From: G romit 01 July 2017 15:28 PM

Many Landlords haven't crunched the numbers to determine what impact s.24 is going believing that is can't be all that bad as it was a Conservative Government that introduced this measure. How wrong they are! Effective rates of tax on actual profits can be over 100%. Rents will need to be raised from between 20% to 40% just to pay the extra tax. And if the local market cannot bear this then they'll have to evict and sell up

From: G romit 10 May 2017 07:09 AM

Please do share your research with us as it contradicts the finding of reputable independent research organisations, and Governments own statistics publish in the English Housing Survey. Far from clogging up the market Landlords provide investment in new development by buying off-plan which provides the seed funding for development to proceed. They bring derelict houses back into use, and covert overly large properties into HMOs or smaller flats. BTW mortgage interest is a legitimate business expense not a relief. If this measure was applied to all businesses the expansion of business in the UK would dry up overnight

From: G romit 03 April 2017 13:13 PM

It looks like this Government have chosen to learn the hard way, and cause untold misery to millions along the way.

From: G romit 23 January 2017 19:49 PM

............a degree in History and "O" level maths.

From: G romit 23 January 2017 19:47 PM

More mindless regurgitation of George Osborne's sophistry. Even HMRC have admitted they've underestimated the number of Landlords that will be affected, and that they have no idea how many Tenants will be affected. Separate estimations say that 4.6m Tenants will be affected by the changes.

From: G romit 23 January 2017 19:46 PM

What it fails to mention is that the currently Tory Government with its punitive taxing of the BLT sector is a far far bigger threat to stability. Of course, the BoE is always right, just look what happened in the last crash in 2008 did private Landlords flee the market ? errr No but just look what is happening due to George Osborne's insane Tenant Tax aka S.24 Finance Act 2015 is doing and it hasn't even started to bite yet!! Thi Government is a set of "own goal merchants"

From: G romit 02 December 2016 10:10 AM

Theresa May in her conference speech yesterday said her Government would fight injustice. Well here's her first test is she going to defend Sec.24 or do the right thing correct this injustice and repeal it?

From: G romit 06 October 2016 06:23 AM

Theresa May in her conference speech yesterday said her Government would fight injustice. Well here's her first test is she going to defend Sec.24 or do the right thing correct this injustice and repeal it?

From: G romit 06 October 2016 06:23 AM

In reality the Chancellors measures will make it harder fro FTB's as Landlords raise their rents, and prospective buyers currently renting have less money to save for a deposit.

From: G romit 01 March 2016 11:37 AM

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