Manage episode 377324750 series 2342628
Kev gives his thoughts on the current report put out by the Renters Reform Coalition. He discusses their claims that landlords are responsible for the shortage of housing and talks about how the government could actually help solve the housing crisis instead.
- Many landlords wouldn’t have benefitted from the rises between the 1990s and now.
- You can’t compare the value of a house in the 90s to now, it’s not comparable.
- The government are responsible for building council homes, not landlords.
- Help to buy isn’t a good solution for the housing crisis, it benefits developers and helps them sell whilst putting buyers in more debt.
- Landlords have no choice but to put the rents up, this is an economic issue caused by the government, it’s inflation.
- There are many properties out there that could be put back into use, providing new homes for people but also jobs as they are refurbished.
“All homeowners have had their values go up too, it’s a bit one-sided”
“Are landlords responsible for the housing crisis?”
“Help to buy is not the answer”
“If that property value goes up, they hit you going out the door with your inheritance tax, the death tax”
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
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