Bullard

I own an estate agency in hertfordshire, about 14 percent of our landlords have or are selling due to the negative tax and legislative environment. Assuming thats replicated nationally there will be 1.7million less properties for renters in a year, with no plan on replacement

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@willshome If it wasn't for 12 years of chronic failure to build as required and the massive net immigration over the last 6 years you would have been right. As it is this will simply make the vast majority of these tenants destitute or paying higher rents

That sounds like 1.7 million more properties on the market to me @spennybig. If they sell, it will be to someone else. If they don't sell, they will still be rented out until they do. Prices will go down. Good for first-time buyers.

@PaddyO442822 Hertfordshire County Council arent buying

@spennybig hmmm WARNING conspiracy theory coming - maybe it's deliberate plan to get landlords to sell up and Councils buy up cheap properties for meet the new surging demand eh? er, no complaints please, I did warn you

I own an estate agency in hertfordshire, about 14 percent of our landlords have or are selling due to the negative tax and legislative environment. Assuming thats replicated nationally there will be 1.7million less properties for renters in a year, with no plan on replacement

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@KathrynPorter26 @ZackPolanski Its actually only 6 months

@ZackPolanski We have 156 billionaires in the UK If you took away ALL their wealth it would fund benefits for 2 years That's it Hardly the basis for a sustainable fiscal policy I suggest you go learn some basic economics

The billionaire class are terrified because we're coming for them - we're going to tax them fairly and end rip-off Britain. Let them attack. We're here to win. Join.greenparty.org.uk

@BeeHappy37 We do exist on x

@juliette0307 I genuinely offered this to one of my tenants, they didn't do it. There are even mortgage products for this.

Landlord wants to sell? Tenant gets 1st call, 10% off market price.

@_Harriet90 Long held that same thought, but for the man on the street understanding property is simpler than share investing etc, it had its place until the conservatives and labour killed it. Now people will be reliant on nest as labour sequester what they can invest in.

This confirms my belief that people with buy to let investments do so because they are too stupid to invest in anything else. You have a tenanted property and with the way the rental market is going, you will still be able to raise the rent annually. Continuous, steady, increasing income on an asset that will more than likely appreciate long term. And tax free. But no, instead you’re going to sell. During a time of huge financial instability, where the housing market isn’t particularly strong, nor fast. And of course, if everyone is doing it, the market is further saturated. Then you eventually sell. You’ve paid all the associated taxes and fees. And paid off the mortgage. Then what? What are you doing with that money that’s going to make you more money than it already was. You aren’t, because we’ve already established you’re too stupid for other investments. This is proper toys out of the pram stuff.

@BeeHappy37 Followed back

@spennybig It's so a certain "type" can buy them and rent / give them to fellow tribe members. Labours plan.

@Red65Dave Ah the ramblings of a man who doesn't understand supply and demand, let alone the property shortfall or demographic growth

@spennybig Ridiculous argument. That wpuld only be true if those properties were left empty. Someone is still going to live in them so the number of properties remains the same. Some estate agent you are !

@Brentle37216709 Thats happening around Braintree, caravan site has grown into the thousands rents 350 quid

@spennybig This is how its all going to end old holiday parks will become the new council estates as people can afford the annual site fees and then they'll get sold to councils . caravan site will be rental homes not houses .

@MostlyVV Just converting my first office to a hmo, great minds

@spennybig Next will be rent controls. Great time to invest in HMOs as everybody will be renting a room due to no rentals being available. I am asking my employer if I can work from another country. The UK is done for.

@stuartbridger1 Inshallah

@spennybig And I assume you are going to make a killing on the commission on the sales?

@Islamicnation Vote reform

@spennybig That’s great news. Now stop migration an let the UK normal people breathe

@homeslice68 This is the problem, the shortfall of housing compounded over 11 years combined with immigration policies means double extra supply of this scale wouldn't move the price. Also you're not removing demand with this supply as the tenants form new demand etc.

@spennybig And 1.7 million more houses for sale. Anyone with a basic understanding of the laws of supply and demand know what that means

@investor_bod Literally haven't sold to a landlord I three years, only way property works as a landlord is without finance.

@spennybig 14% selling and zero new landlord buyers?

@entoatucasa Sadly the demand side of that equation isn't impacted by the additional housing, at least not on a national scale. Locally we are seeing it, london for example has 42 percent gap between asking and agreed price over the last month according to one fund

@spennybig Good, that means house prices will go down, so they'll be more people buying properties and fewer renters

@daviclif The buyers in the largest part are not renters, if I was to estimate i would say 2 to 3 percent of those sold go to people renting, renters simply dont have the 20k necessary as a deposit to purchase.

@spennybig They can only sell if there are buyers, & if someone does buy it, then that’s another family on the housing ladder … as an estate agent tell us why is this a bad thing ??

@MartyBowen11 And where prey tell do these tenants get the 20k deposit necessary to buy the flats you daft biatch

@spennybig The properties will be purchased by people who need them, they don't just vanish into thin air you daft bastard.