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Deleted member 18121
Guest
Not going into massive detail here, so just a quick poll......how many properties do you own?
Poll will be anonymous.
Poll will be anonymous.
CliveW
Tour Winner
Do you mean residential, commercial or both?
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Deleted member 18121
Guest
residential
Tashyboy
Please don’t ask to see my tatts 👍
Own one as in mortgage is paid for. Now I have no mortgage = better biscuits 😁
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Deleted Member 1156
Guest
Kellfire
Blackballed
If you mean with a mortgage paid off, none. If you meant with a current mortgage, none.
ScienceBoy
Money List Winner
If you mean with a mortgage paid off, none. If you meant with a current mortgage, none.
Same here, looking into H2B at the moment.
CheltenhamHacker
Journeyman Pro
You didn't give the option for between 0 and 1. #sharedownership
rudebhoy
Q-School Graduate
1.5
mortgage paid off at home, have got a 50% share in a holiday home with a mate, also all paid off.
mortgage paid off at home, have got a 50% share in a holiday home with a mate, also all paid off.
Paperboy
Mini Cam
Tom look at the Help to Buy ISA's. I've got one, as long as your wife and yourself are first time buyers you can both have one.
The Halifax one was best when I started mine at the beginning of the year.
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Deleted member 18121
Guest
If you mean with a mortgage paid off, none. If you meant with a current mortgage, none.
you and me both
Just for clarity - I deem having a house with a mortgage as ownership.
I started the thread on the back of the news report this morning about falling house ownership.
I personally know 3 people who all own 3 or more houses, all for investment purposes.
I was hoping with this thread to have a little more understanding about the kind of percentage of people that own several houses, as I believe this is a major contributing factor to the way house prices have been driven to ridiculously high levels (based on demand) and is leaving generations of people unable to own their own home because there simply isn't enough to go around.
Forcing the government into building more affordable housing isn't the way to go in my opinion. Because too many of todays new houses are so small, with little garden to mention and have placed a huge strain on towns infrastructures.
It is my opinion that you should only be able to own 1 house, being the one you live in.
I wonder if there is any feasible way for the government to force owners of multiple properties to sell their additional houses back to the government for sale onto the wider public.
I agree this is very simplistic, but I wonder what options we have to ease the situation we're in.
The part buy part rent scheme is an absolute rip off in my opinion. It is another case of making the rich, richer.
SwingsitlikeHogan
Major Champion
Buy to letters are clearly going to compete strongly for 'starter' properties coming on the market and are clearly going to want to make as much profit as possible given the prevailing market conditions.
Watched one of these 'Homes Under the Hammer' progs recently and a Scottish council housing dept. was in the bidding for a property - and succeeded in buying it. They didn't have to do much to it and were going to rent it to someone on the housing list for about £240/month - local estate agents put the rental value for a decent return at £420/month - (or thereabouts).
As the council employees who bought the house said - the family or individual on the housing list would be able to afford £240/month but most likely would not be able to afford £420/month.
Watched one of these 'Homes Under the Hammer' progs recently and a Scottish council housing dept. was in the bidding for a property - and succeeded in buying it. They didn't have to do much to it and were going to rent it to someone on the housing list for about £240/month - local estate agents put the rental value for a decent return at £420/month - (or thereabouts).
As the council employees who bought the house said - the family or individual on the housing list would be able to afford £240/month but most likely would not be able to afford £420/month.
SocketRocket
Ryder Cup Winner
What is your opinion about that?
SocketRocket
Ryder Cup Winner
There were schemes after the war for community builds in a number of European Countries. Local Authorities released areas of land at low cost and people formed building cooperatives, they built their own homes to a standard plan but purchased materials and organised specialised services together.
http://www.selfbuildportal.org.uk/supported-community-self-build-group
There were also the Prefabricated homes that were built to last 10 years but many are still lived in now. many of these were built by the Aircraft Industry as Aeroplane production dropped off after the war. I think it would be possible to design and build modern prefabricated eco houses these days at fairly low cost to increase the housing stock.
http://www.selfbuildportal.org.uk/supported-community-self-build-group
There were also the Prefabricated homes that were built to last 10 years but many are still lived in now. many of these were built by the Aircraft Industry as Aeroplane production dropped off after the war. I think it would be possible to design and build modern prefabricated eco houses these days at fairly low cost to increase the housing stock.
bigslice
Tour Winner
you and me both
Just for clarity - I deem having a house with a mortgage as ownership.
I started the thread on the back of the news report this morning about falling house ownership.
I personally know 3 people who all own 3 or more houses, all for investment purposes.
I was hoping with this thread to have a little more understanding about the kind of percentage of people that own several houses, as I believe this is a major contributing factor to the way house prices have been driven to ridiculously high levels (based on demand) and is leaving generations of people unable to own their own home because there simply isn't enough to go around.
Forcing the government into building more affordable housing isn't the way to go in my opinion. Because too many of todays new houses are so small, with little garden to mention and have placed a huge strain on towns infrastructures.
It is my opinion that you should only be able to own 1 house, being the one you live in.
I wonder if there is any feasible way for the government to force owners of multiple properties to sell their additional houses back to the government for sale onto the wider public.
I agree this is very simplistic, but I wonder what options we have to ease the situation we're in.
The part buy part rent scheme is an absolute rip off in my opinion. It is another case of making the rich, richer.
Are you being serious? Only be allowed to own one house. Not a chance , if u can afford it buy whatever u like. Next it will be u can only own one car and only have one child.
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Deleted member 18121
Guest
Comparing owning multiple houses isn't even in the same ball park as owning 2 cars or having more than 1 child, that a ridiculous comparison to make.
bigslice
Tour Winner
AmandaJR
Money List Winner
So what about all those who rent through choice and rely upon those that own more than one property for rental purposes? The idea of restricting ownership to one house, the main residence, sounds very big brother and a slippery slope!
fundy
Ryder Cup Winner
Are you also going to ban companies from owning residential property? What about individuals from owning commercial property? what about pension funds?
Bit of an idealogical view one on which the horse has long since bolted! And if it was to come in to act it would crash the UK economy in an instant!
The right answer is for local authorities to have replaced the HA properties as and when they sell them but again that horse has bolted and they now cant afford to make up the shortfall, especially as population and hence demand continues to increase
The long term solution now is a lot harder and not sure anyone knows the best approach
Bit of an idealogical view one on which the horse has long since bolted! And if it was to come in to act it would crash the UK economy in an instant!
The right answer is for local authorities to have replaced the HA properties as and when they sell them but again that horse has bolted and they now cant afford to make up the shortfall, especially as population and hence demand continues to increase
The long term solution now is a lot harder and not sure anyone knows the best approach
CliveW
Tour Winner
Owning a farm we have several farm cottages which were originally for farm workers.
