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Byron Manning

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From above article "There is quite a desperate shortage of lettings for ordinary people wishing to rent, because landlords can make so much more money out of Airbnb" NO - THERE IS A SHORTAGE BECAUSE MORE HOUSES NEED TO BE BUILT

From: Byron Manning 22 November 2016 16:15 PM

So......the government fail to build enough new homes whilst selling off social housing which creates increased demand for rental properties. Landlords/investors buy property to rent out to satisfy this demand then get vilified by the government for charging market value which is exacerbated by the level of demand created by the lack of housing across the board. Short-term lets are what some people need - this market has grown quickly as a result. Landlords are hopping on the bandwagon because it works and the yields are better - especially now that the additional 3% stamp duty is in force, landlords have lost the tax relief on mortgage interest and they also have to absorb the changes to wear & tear allowance - so who wouldn't consider the short-term/air bnb route in the face of all these punitive measures? It feels like these changes are more an attempt to deflect blame from the government rather than a genuine way to increase revenues - and why should private landlords take all the flak when the underlying problems with housing are 100% down to successive governments failing to play their part? Would these critics be happy to work for free? Would they not try legally permitted mitigation measures if they saw viability diminish and risk increase? Hypocrites and snollygosters, the lot of them. BUILD MORE HOUSES AND RE-TAKE CONTROL OF PROPER SOCIAL HOUSING - that's the politicians job so they should be made to do it instead of talking nonsense about a scenario they have consistently mismanaged for most of my lifetime.

From: Byron Manning 22 November 2016 12:49 PM

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