Although airbnb is not perfect it serves a purpose. As a contractor I use while I work away from home. I would not be able to afford hotels. All the places where I have stayed were owned by families in need of some extra income.
You're right, I live nxt to a busy hospital and there's lots of contractors that say they want a home-from-home experience. I think the only one's losing out are the Landlords. But why should somebody who needs just 1-2mnths have to be tied into a longer term rental? With Airbnb, everyones a winner.
This is where the lack of supply in the market results in distortions. Build, rental only decent homes, stop the crazy house price scam operated by developers, banks, estate agents, financiers, etc. airbnb's/spare rooms, etc. should be encouraged, I have also used them and think the arrangements and standards should be improved, too many tiny rooms, with poor facilities, etc. Hotels are way too expensive for what they provide for someone who is working and needs some to be comfortable, self cater. Why do you think hotel owners can make so much money on the land, on the hotel operations.
@@Tomm9y No house price scam, just supply and demand. The UK population is growing by nearly 1 million people per year, despite more deaths than child births, due to immigration! If the new housing can't keep pace with demand, prices will naturally increase. The same reason second hand car prices went up after Covid. Supply chain problems stopped new cars being built. After I left the RAF, I needed a job and the Job Centre found me a job in one of the big estate agents. I quickly realised that it was the property sellers that were refusing to sell at sensible prices. The No Sale, No Fee model meant they could just sit on the market at no cost to themselves and hold out for top money. Eventually house prices would rise to their level and they would sell. Greedy sellers drive house price increases!
Community feel being lost with AirBNB. What a joke. They need to sort out Bradford or London Those cities have lost community feel with the life sucked out by the transient communities.
No hotels , they plan to keep you in your smart cities and lat tiu out maybe a couple of times a year. They want to stop air travel , so you will not be able to go away for your hols . It will be prison planet and all written in the WEF book . Go and research
@@truxton1000 remember the government is all about benefitting themselves and friends… like the ppe contracts. The hotels and gov make millions a day to home asylum seekers and migrants
Despite the dysfunctional nature of governance, these politicians continue to seek status, fame, and an easy life, not to reform the system, but to exploit it for the benefit of themselves and their families through its bureaucratic workings, they sit on their seats as a guarantee for their living.
I agree that people can't find a property to rent because of Airbnb and ...it has to stop. It's not just the UK that is considering such measures. Property investment only puts money in landlords pockets it doesn't serve anyone else. The government should be making it easier for people who are not homeowners to purchase property not helping those who already have 5 properties to take advantage of others and increase their own income tenfold doing nothing.
To stop Airbnb will not make any more rental properties as there is no money in it anymore, Conservatives AND Labour both agreed to those changes, things like not possible to offset mortgage, several certificates needed to be allowed to rent, gas, el and this new one that cost £700, also not possible to offset wear and tear, no doubt Labour will take it even further. The thing is that they should NEVER allowed the right to buy scheme to be introduced, as it's hardly any council properties left, those that are available goes to immigrants ASAP.
It's a tricky one and to be honest , if people would simply think and act on morals rather than profit the government wouldn't need to intervene. Personally I don't want to own lots of property for the reasons it effects people in a negative way.
@@CreepyTrendMan So you expect people to do things, to work and sacrifice time, money and energy without the possibility of profit at the end? Good luck with that. We know communists thought this was a brilliant idea, we all (should know) that the result was a disaster. I guess a lot of people still don't understand this.
We love it as well, we have a toddler who is 3. We stayed in a hotel once last year and it was a nightmare she thought it was party time having us in the room!
My friend used Abnb to let rooms,in his property.He lives in one house, and lets a barn conversion and cottage,on same site,which cannot be sold separately or permanently let. The 3% fee is incredible value,and the service second to none.
I feel like Labour are waiting take my money down every route I decide I might take. Realistically I am just trying to save for a reasonable retirement... But there they are rubbing their hands together and licking their lips. They are the scourge of aspiration. Get the money in ISAs quick before they come for that too!
The private sector builds houses at a cost of £2000 per square meter, but it's burdened by corporation tax, capital gains tax, inflated wages, and a shortage of skilled labor. Meanwhile, politicians may have impressive qualifications on paper, but they remain clueless nonetheless. A bunch of paper pushers that will solve nothing.
It's £2500 for a mid range, nothing too special just good. It is the land cost, planning costs and the ever increasing affordable housing and S106 getting out of control which is making sites unviable.
หลายเดือนก่อน +1
CIL and Affordable Housing - demanded up front and having to be paid for with expensive development finance interest, are just taxes on development too; on top of ever increasing planning costs.
So on the one hand you screw the landlord with the renters rights bill and on the other hand you screw then AGAIN by banning AirBnB?? This is so farcicle, anyone in the rental game in the uk needs their head examined. Other places to invest exisit, less risky and you are not dictated too.
As opposed to the Tories? Anti people, anti human rights, anti law and order, but for private profiteering and exploitation at the expense of everyone? You must love sewage water.
I'm guessing that Labour will follow other cities like New York and only allow AirBnBs when the accommodation is part of the owner's property. A spare room, granny annex, garden cabin, caravan situation. Not an entirely separate property.
The solution is to create a less toxic business environment for those who are considering getting into the residential letting sector, not to just beat them over the heads in the new sector they’ve moved into. Otherwise it just becomes a giant game of Whackamole. We’re already there in Scotland. There’s a short term letting licence system in effect, with individual LAs able to introduce “control areas” if they see fit, which limit the number of short-term lets in an area. Edinburgh has one, although the number of short term lets there was getting beyond a joke. As landlords sell up, I can see the capital leaving the country. There are plenty of countries where you can invest in real estate to continue your short term or residential letting business, and in some cases you get residency as a bonus.
If they think I’m renting my house forget it as I have had The Tenant from Hell and it was HELL! Airbnb is the only safe option in my opinion. The hotels are next
For private owners of property(i.e. not through a company) section 24 like rules on mortgage interest will apply to holiday letting from next April anyway
The lovely, historic West Country town I live in has a huge amount of old terrace houses being used as AirBnBs. There’s a big shortage of rental properties and those of us lucky enough to have a rental property are always worried about no fault eviction kicking us out for our homes to become one. Even if we’re a perfect tenant for years, we can be chucked out and not be able to find another property. How about investors looking at this from a tenant’s or a resident living in a beautiful areas POV for a change? The sooner entire properties being allowed to be AirBnBs, and no fault evictions are banned, the better.
Second homes, holiday cottages, Airbnb, all take potential residential homes out of the regular private rented sector. However, as James has explained in this and several other videos. If government makes it less and less profitable or attractive to be a private landlord, to make money out of their properties landlords will try different business models to stay in the game. However, if you are renting long term in an area, don’t be surprised if banning Airbnb simply results in landlords selling up and these properties disappearing from your local rental stock forever. The government have got the timing so bad. Devastating the PRS with a consequential massive reduction in properties to rent,before building any new ones for the evicted tenants to rent, is a recipe for disaster.
@@dennishaggerty463 Well if there Air BNB's then the properties are not on the rental market. If mass selling took place then this could offer a dip for people to enter the market's to actually own their home like the good old days.
One of the best things they could do, Online short term renting , taxis, and retailing have destroyed the very fabric of our towns and cities. All it has given us are a lot of get rich quick little hustlers
I got rid of my HMO property because governments have interfered with my business so 5 people had to leave I had not put rent up for 5 years but I couldn’t have government running my investment
@wicked-witch-of-the-west can't speak for the above, but many local councils add alsorts of fees on to a hmo including landlords licensing. They also seem to have extended the meaning of hmo to include houses converted into 1 bed self contained flats.
@@LisaNewton1 They can’t? You mean if you contact the police they will not throw the “it’s a civil matter” in your face and tell you to go away? Amazing, I have previously gone to the British police with things like this and they are not interested. I doubt that has changed.
Air BnB may be in breach of someone's leasehold contract too. There was a case in South London a few years ago that a share of freehold owner lost. I read it bankrupted them due to legal costs. Think about it. Residential properties are for residents. They were never set up to be hotels or holiday self catering places, which is arguably what Air BnB is. Renting out such a property on a per day basis may invalidate the block building insurance. Insurers provide buildings insurance in a residential block as private homes not commercial. The latter costing a lot more due to increased risk. Tenants living in them under a standard renting contract such as an AST is usually fine as they are longer term residents.
@@propertyaccelerator I guess it's safer for all if the owner/s are living in the property & are just renting a room out while they're there. But if the owners are leaseholders or own part of the freehold they'd be wise to check their agreement before renting via Air BnB or similar.
Maybe not in London. But compared to the rest of the UK I think it will have an impact. Supply and demand. Too many greedy people wanting a grand a week instead of a grand a month for renting.
Thank you for fairly well-balanced presentation of this subject. Unlike other comments, I am on the side of ordinary people who are priced out of renting, or buying. I appreciate that you landlords want to make money - but it really is not ethical any more that people are using what could be family homes as holiday or short-term lets. Or that someone owns 2,3, 4 or more properties when other people are homeless. Solutions aren't easy - but something has to change. Labour are brave to tackle these big issues.
There are so many northerners who go down and work in London and they need somewhere to stay during the week, and since the hostels have put an age limit, they stay in Airbnb's instead. So Starmer is basically making it difficult for workers as well. I myself worked in London, living elsewhere in the country and having to live in hostels whilst working
With Airbnb serviced accommodation the occupier is not a tenant, they're a guest. An important legal difference. When Labour remove section 21 I will sell and leave the market having accommodated people for 18yrs. I had to use section 21 twice at significant cost and hassle to me. Also... never let unfurnished!
I used Airbnb between tenancies as finding a tenant matching my criteria takes time. No longer, the last Airbnb occupiers of African descent, working in the medical profession, left the property with maggots crawling all over the kitchen!
Why did you have them in your property so long that this was able to happen ? Why were you not inspecting the property regularly ? Sounds like you were not monitoring the situation enough.
@@1414141x The African medical professionals only stayed for 3 days the average stay with Airbnb. No need to inspect for this short period of time. My assumption is, the maggots checked in with the ‘medical professionals’! 😂
@@fje1948 Mmmm. They must have brought the pupae in with them or perhaps active maggots. Perhaps in a sachet of some kind. The gestation period from eggs to active maggots is more than 3 days.
@@1414141x Seems like you don't know how quickly things can escalate. My neighbours rented out their whole house at Airbnb for some time. It ended when one evening it was organiced a rave party in the property, over 100 black people arrived in taxis late in the evening, looked like gangsters, things were thrown out of the windows, furniture, glass, cutlery, bottles etc, at 4am an ambulance arrived to take one person away. The music went on until 7:30 the next morning. Of course the police was called many many times but they refused to come. Well they came AFTER the party was over and the police were sure no one was left. This was in Birmingham.
Labours future proposals is probaby pushing more landlords to do AirBNB. At least you don't have to have long contracts and you can get them out if they are bad tenants. Hotels are full of immigrants !
I feel like it's discrimination to have stopped landlords claiming all the mortgage as part of the expenses just as a business still can. I personally would not feel the pressure to keep raising rents if that were the case again.
Why. The amount that was being paid off the mortgage was going straight back to the mortgagee as a free benefit. So you think people should get stuff free of tax? No NHS, no social care, no law and order…
@@SuperJinxter I think @clarecorry1180 is referring to mortgage interest not the capital repayments. Capital repayments have never been an allowable expense. The mortgage interest, that goes to the bank, that you never see again, is now considered taxable income. It was a policy introduced by the tories to appease renters, but rather predictably drove up rents further. Suspect there was also some wef and banking lobbying went on behind the scenes.
Lol. Seems Labour desperate with ill examined policies to Appease the electorate (renters electorate) as usual for politicians without any realistic thought or effort to understand the housing markets complexities. Bunch of idiots.
This change will reduce tourism income - especially to places like London. International tourists will take their money elsewhere. Poor economic decision.
In the London areas, what if you are a resident landlord and wish to let out a room in your house through Airbnb? What changes are likely to affect this scenario?
By the way from 6th April 2025 the preferential tax rules for FHLs such as Airbnb (if rented or available for rent for enough days/year) will cease and they will no longer be regarded as businesses. So section 24, for example, will apply and the interest relief will be limited to 20% of interest (or less if the interest in not covered by property income). So only 6 months of this remain.
Has removing airbnb or only allowing 90 days in london helped there? I dont really understand these ideas being imposed and what data that suggests it will work and not be more destructive than is predecessor.
I think seeing the same people in a shop, is the least of our housing concerns! I personally, like Airbnb, becos when i travel abt for leisure or bis, as a single person I find single rooms in expensive cities that would cost me a small fortune if I used the city hotels, cities like Winchester which is an over-priced small city. London is different, as there so much competition, I just booked a hotel for £55 per night outside of the city. Just hop on the tube or bus it. I would like to know if you're running an Airbnb, does the mortgagee need to just get a 'consent-to-lease' or just has to be on an Airbnb please?
I thought the Conversative Government was a joke 😂. Landlords are running away from the sector and tenants are literally crying because there is no where to rent. Socialism at its best😂😂. Thank you for the great content.
Once you are claiming universal credit it is virtually impossible to buy a house. If you have 16k in the bank UC stops. That is enough to pay legal fees moving costs and stamp duty but little more. Millions are stuck unable to buy due to benefit rules. They get help to pay rent but virtually nothing towards a mortgage. Many people with jobs are claiming UC despite having a job and it is harder to rent . Ouch
This was first aired by tories in April 2024. Look it up. A register for existing holiday lets and full planning for new Airbnb/holiday lets. This is not labour and not new.
If the Government want to meddle with Airbnb then they could simply introduce a licence scheme that would ensure that any Landlord's operating as an Airbnb would be providing a safe registered and regulated Airbnb. They can get Landlord's to pay a set cost licence fee of £500 for every 5 year's or if they they really want to be greedy every 3 year's. - Job done! The Government should start imposing the licence scheme on Flats and Apartments in all major Cities like London, Manchester and Leeds to creme off as much money as they can.
In Leasehold Flats ,licencing should review the Lease to verify if this is permitted ..Am aware of instances where the short term lets are being done as a breach of the Lease Covenants .
Oh mate, give your head a bloody wobble! Starmer has accepted £46k in declared gifts and freebies over the last five years. 40 of that from a Labour Peer. Boris Johnson on the other hand, £1.9m. You’re a moron 🤣
WRONG! The tax benefits of short term lettings has been deleted by the previous government, please try stay up to date! From April 2025 STLs cannot now get the mortgage interest relief nor Capital Expenditure benefits unless they put their properties into a company, but this means paying Capital Gains on disposal (selling the house, before restructuring as a PLC). What's needed is a system like in the USA where landlords are encouraged to let properties via a depreciation writedown. This means they usually pay no tax on their nett income BUT it boosts the housing stock, and encourages private builders and buyers into the rental market, long term. Look at Blackrock.
Shutting down Airbnb, like that's going to help anything towards anything other than helping hotels, hotels are already overpriced and most of them full of immigrants anyway so welcome to complete chaos. Then again I don't really care if Airbnb is not allowed any more. What I DO care about is why they want to destroy the rental market, as no one in their right mind would want to rent out a property any more, ever. So what are Labour going to do?? As loads of people will be on the street, homeless.
If there is not real response then you get a thumbs up. I get 2000 comments a day its impossible to write a response to everyone. You are very lucky Creepy Man xxx
My brother lives in Spain. He lives in one property but is buying another property by the coast. He is not allowed to rent it. The Spanish government have banned Airbnb’s because they don’t want tourists coming to the country. Another socialist government.
Can somebody plz tell me if buying a second property in a company name gets u out of paying double council tax in Wales and can u get a business exempt? I rent out my flat (in my name) and i’m about to buy a house in Swansea to live on ground floor and short let the other 2 floors. Double council tax is one of the biggest costs and not one youtuber has explained it nor can my accountant.
Labour are going to implement the abolition of FHL regime that the Tories drew up… we’ve known about that for ages. We’ve known that licensing is going to spread to other areas for ages too. There is no talk of banning airbnbs but there does need to be some control on quantity AND quality… too many rubbish owners giving the sector a bad name.
I’m getting a bit tired of people blaming the easy targets for the challenges facing us… pressure should be on the government, banks and other big players to sort out the mess. Hotels might not like STR but millions of voters do.
What you are saying is incorrect! blocks of flats can’t Airbnb because of their lease! secondly I have an Airbnb next to a rental property the rent is a mess uncut grass broken fence, if the have an Airbnb you have to keep it to a standard. Come on get it right please
Plenty of blocks of flats can airbnb, I have 7 flats none restrict it in the lease. New builds they are more swtiched on and some restrict you are correct.
Well, that'll just increase rents even more to cover the transition from short to long term rentals to cover the difference in profit for landlords. We're heading towards Idiocracy (watch the movie if you don't know what I'm on about). What the market needs is tough and strict legislation towards the quality of the market and more loose legislation towards the quantity. But we're governed by blithering idiots.
@@billybigbollox I meant the movie "Idiocracy" as it absolutely resembles the way this government is working and what it wants us to look like with all the legislation that's coming. It will not explain the UK property market. It will explain a lot about the state of the country and the people governing us. For example where they want us to be in a few decades. You will completely understand what I mean if you watch the movie. Or just go with the trailer. I'm making a point regarding the government, not the property market with the movie reference. They are related though as government dictates most of the market.
The problem with developers is that they control the supply of land on the market, they buy up so much along with land bankers, backing by international financiers. The government need to buy land at agricultural values and build housing for long term. To construct properties, the developers only pay 25% to 33% of the sales price + site development costs. Improve the integration of new developments into towns instead of using A roads, B roads and Trunk routes by getting roundabouts installed. Towns should see benefits such as more nature reserves, parks, free outdoor exercise areas, more playing fields to make up for the crazy sell offs of recent decades. Then there are the banks, mortgages on new builds should be restricted to the construction costs, currently people are borrowing 3 x the cost of construction simply to pour massive windfall profits into the hands of the developers and land bankers. Mortgages for older properties should be further restricted, you won't get a loan from a bank to buy a 5 year old Mondeo for 5 x the cost when new, the same should apply for mortgages. This would ensure that the cost of properties to supply the rental market would be kept low, building lots of decent houses with bigger gardens, private off road parking, away from industrial areas, motorways, railways, would improve people's quality of life, health, particulalry for children. Planning laws should be reducing the density of developments, ensure homes have more indoor & outdoor space, return to building bungalows for the elderly. Build more houses than are needed, reduce the uncrontolled and often illegal HMO's for those a the lower end of the rental market. gradually, old properties should be redeveloped. There is a lot of money spent on housing by owners and renters, it should be a very small % of people's income, I reckon 12% of the net income for those on the minimum wage, currently the money flows to the banks in interest, to the developers/landbankers, on vastly inflated property values, to landlords for overpriced homes they have purchased knowing the demand is there. Divert all the money spent on housing to actually building, maintaining homes and the environment, not to line the pockets of global investors/financiers. Banks should be forced to write off mortages when property prices fall, they created the money in the first place by fractional lending, let them unwind it and remove their appalling powers to reposses homes and lots more. Tinkering with rental agreements won't do much to improve the rental market as the fundamental problems are new house prices, old house prices, and not generating oversupply of houses. Divert some money into taxes, to pay for education, public services, long term savings, pensions, UK utilities, income protection schemes, old age care. That keeps money in the economy instead of being siphoned off to a few global coporations, developers, land bankers, landlords, etc. Of course, with many MPs on both sides of House of Commons, being landlords, this is very unlikely to happen. The lobbying power of the companies involved is enormous, that needs to end and MPs be held accountable even after they leave Parliament.
Wow, now I've heard everything! 😂 Bloody socialist! You have absolutely no idea about supply and demand in a capitalist society. Telling the banks to lend less on second hand properties just because second hand car prices fall! Actually classic cars tend to rise so you got that wrong and most second hand cars were rising a few years back! Besides car loans tend to be short term and the banks do not have a stake in the car, unlike property where they place a charge on the title deeds! Furthermore, you say banks should lend a lower amount on older housing, but often older housing is more desirable than new builds. They tend to be bigger, sit on bigger plots, have more character and often are sittuated in richer communities. Banks should facilitate what people want to borrow, not dictate the value of things. They don't dictate the value of the second hand car, the buyer determines the price they are willing to pay, not the banks! 😅 You might dislike investors/financiers, but it is these very people that bring in wealth. Why do you think the Labour Party is wooing them at the moment. We live in a global market where investors can go to generate profits. They are not going to invest here if people like you tell them how to invest. I decided to rent our house out when I got posted out to RAF Laarbruch in Germany in 1993. When I returned in 1996 I came out of the RAF and used my gratuity as a deposit on another, bigger house and kept the other one on as a buy to let. I still own it today and the current tenants have lived there for over 20-years. We make a thousand pounds profit per year after repair costs, the mortgage and taxes, but provide much needed accommodation to a family that could never get a mortgage due to their low skilled, low paid jobs coupled with poor credit ratings. Yes we make a little money, but we wouldn't do it otherwise. Same for big investors/financiers. If you want a private sector to invest in this country, there needs to be incentives. If not, how will the country function? People need money to live. The private sector provides most of the jobs, the taxes to pay the nurses, police and build the public infrastructure like roads and schools. The private sector starts with someone making an investment for financial reward. Then people like you come along and try to restrict it/ bank lending! Let me tell you about borrowing. Borrowing enables leveraging and this enables people to buy things they ordinarily would never be able to afford. It is the biggest contributing factor to the modern world. Everything we take for granted is as a result of borrowing. The medicines you take each day, the car you drive, the food you eat, everything. At some point, someone borrowed some money and made it work for them, created wealth, grew their business/investment and made/grew things that you take for granted! Socialists that try to get in the way of that cycle will kill it and send us back to the dark ages! Jeez
What a load of rubbish! If banks even tried to lend less money on older properties, this would hold the prices down for those properties and the current owners would be in negative equity, unable to repay their mortgages back to the very banks that are refusing to lend the full market value on them! The banks would lose trillions! You didn't think that through, did you? Banks don't decide the value of things, buyers do. Something is only worth what someone is willing to pay. Supply and demand! And besides older properties tend to be bigger, on bigger plots and are often full of character. They are often worth much more than pop-up new builds, so what on earth are you thinking!
6:45 “interest rate up 6%. Ie 6X … someone in the comments said that wasn’t true.”….. I really hope that person in the comments isn’t an investor because they can’t do basic maths and they will go bust.😂😂😂
F. Air bnb. Hope it implodes. Have never and would never need to stay in one. We live in a residential block of flats and its one of the reasons thats has prompted us to want to move, would hsve never eanted to live next door to an air bnb...next doors block of flats is a mixed bag; has 2 air bnb flats, and they could instead be used for somebody's proper home. Its just greed by second home owners. And it fkin sucks living next door to one! The drunk guests, the druggies making noise pollution, i just love listening to pissheads having domestics outside my property and the sound of trolley wheels being dragged down flights of stairs at 4am...a revolving door of dodgy transients and never really knowing who your neigbours with
Omg.. lol. Where do you think those first time buyers are living at the moment? As they snap up ex-Airbnbs they release their old rental properties on to the market. I’m guessing you don’t play chess.
It’s got nothing to do with improving the rental market! This is down to the WEF you will be happy and own nothing
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And own nothing
I think I might not be happy if I own nothing at all.
Although airbnb is not perfect it serves a purpose. As a contractor I use while I work away from home. I would not be able to afford hotels. All the places where I have stayed were owned by families in need of some extra income.
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You're right, I live nxt to a busy hospital and there's lots of contractors that say they want a home-from-home experience. I think the only one's losing out are the Landlords. But why should somebody who needs just 1-2mnths have to be tied into a longer term rental? With Airbnb, everyones a winner.
Labour’s not looking at the housing market from the perspective of the average contractor 🫤
This is where the lack of supply in the market results in distortions. Build, rental only decent homes, stop the crazy house price scam operated by developers, banks, estate agents, financiers, etc. airbnb's/spare rooms, etc. should be encouraged, I have also used them and think the arrangements and standards should be improved, too many tiny rooms, with poor facilities, etc. Hotels are way too expensive for what they provide for someone who is working and needs some to be comfortable, self cater. Why do you think hotel owners can make so much money on the land, on the hotel operations.
@@Tomm9y No house price scam, just supply and demand. The UK population is growing by nearly 1 million people per year, despite more deaths than child births, due to immigration! If the new housing can't keep pace with demand, prices will naturally increase. The same reason second hand car prices went up after Covid. Supply chain problems stopped new cars being built. After I left the RAF, I needed a job and the Job Centre found me a job in one of the big estate agents. I quickly realised that it was the property sellers that were refusing to sell at sensible prices. The No Sale, No Fee model meant they could just sit on the market at no cost to themselves and hold out for top money. Eventually house prices would rise to their level and they would sell. Greedy sellers drive house price increases!
Improving the rental market - by destroying it.
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Community feel being lost with AirBNB. What a joke. They need to sort out Bradford or London Those cities have lost community feel with the life sucked out by the transient communities.
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I am not a landlord, but I find airbnb really useful. Labour is just an absolute disaster for this country
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Starmer is following WEF script
not gonna happen
Hotels full of migrants and their prices in many areas have doubled. If AirBNB goes then forget staycations
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No hotels , they plan to keep you in your smart cities and lat tiu out maybe a couple of times a year. They want to stop air travel , so you will not be able to go away for your hols . It will be prison planet and all written in the WEF book . Go and research
Because politicians hve a hand in that income
@@CocoYazmin07 Really, do they own the hotels?
@@truxton1000 remember the government is all about benefitting themselves and friends… like the ppe contracts. The hotels and gov make millions a day to home asylum seekers and migrants
Despite the dysfunctional nature of governance, these politicians continue to seek status, fame, and an easy life, not to reform the system, but to exploit it for the benefit of themselves and their families through its bureaucratic workings, they sit on their seats as a guarantee for their living.
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I agree that people can't find a property to rent because of Airbnb and ...it has to stop. It's not just the UK that is considering such measures. Property investment only puts money in landlords pockets it doesn't serve anyone else.
The government should be making it easier for people who are not homeowners to purchase property not helping those who already have 5 properties to take advantage of others and increase their own income tenfold doing nothing.
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To stop Airbnb will not make any more rental properties as there is no money in it anymore, Conservatives AND Labour both agreed to those changes, things like not possible to offset mortgage, several certificates needed to be allowed to rent, gas, el and this new one that cost £700, also not possible to offset wear and tear, no doubt Labour will take it even further. The thing is that they should NEVER allowed the right to buy scheme to be introduced, as it's hardly any council properties left, those that are available goes to immigrants ASAP.
It's a tricky one and to be honest , if people would simply think and act on morals rather than profit the government wouldn't need to intervene. Personally I don't want to own lots of property for the reasons it effects people in a negative way.
@@CreepyTrendMan So you expect people to do things, to work and sacrifice time, money and energy without the possibility of profit at the end? Good luck with that. We know communists thought this was a brilliant idea, we all (should know) that the result was a disaster. I guess a lot of people still don't understand this.
Air BnB stock will just be sold and will not go into the PRS, this government are so out of touch it’s unreal.
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I think that's the idea, releasing housing to become homes for families. Inevitably values will adjust downwards inorder to sell 😏
The wife and I love using airbnb. Having a small dog it's way more convenient.
We love it as well, we have a toddler who is 3. We stayed in a hotel once last year and it was a nightmare she thought it was party time having us in the room!
My friend used Abnb to let rooms,in his property.He lives in one house, and lets a barn conversion and cottage,on same site,which cannot be sold separately or permanently let. The 3% fee is incredible value,and the service second to none.
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I feel like Labour are waiting take my money down every route I decide I might take. Realistically I am just trying to save for a reasonable retirement... But there they are rubbing their hands together and licking their lips. They are the scourge of aspiration.
Get the money in ISAs quick before they come for that too!
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The private sector builds houses at a cost of £2000 per square meter, but it's burdened by corporation tax, capital gains tax, inflated wages, and a shortage of skilled labor. Meanwhile, politicians may have impressive qualifications on paper, but they remain clueless nonetheless. A bunch of paper pushers that will solve nothing.
It's £2500 for a mid range, nothing too special just good. It is the land cost, planning costs and the ever increasing affordable housing and S106 getting out of control which is making sites unviable.
CIL and Affordable Housing - demanded up front and having to be paid for with expensive development finance interest, are just taxes on development too; on top of ever increasing planning costs.
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Sorry, I wouldn't even describe this latest lot of politicians as educated. Raynor can barely construct a sentence.
So on the one hand you screw the landlord with the renters rights bill and on the other hand you screw then AGAIN by banning AirBnB?? This is so farcicle, anyone in the rental game in the uk needs their head examined. Other places to invest exisit, less risky and you are not dictated too.
@@panayiotispanayides2141
That’s why I am selling up once tenancies come to an end.
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Labour is anti bussiness, anti investment, anti economy. Crazy labour. Flee while you can.
Vote Reform UK.
very socialist in my opinion.
Do some research governments don’t make any decisions they follow the agenda
As opposed to the Tories? Anti people, anti human rights, anti law and order, but for private profiteering and exploitation at the expense of everyone? You must love sewage water.
@@Nora.........To REFUK the UK. right? How are your Brexit benefits? 🤣🤣🤡🤡
A million and a half houses who are they trying to Kidd they live in la la land,, it’s the same with net zero, it just won’t work,
I dont think so either.
Airbnb guests wouldn’t often party in the houses they’re renting, I’ve found they’re usually very respectful
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So what happens if they do, and they damage a lot of furniture and the house itself. What protection would you have?
We will see what happens when it comes into law
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I'm guessing that Labour will follow other cities like New York and only allow AirBnBs when the accommodation is part of the owner's property. A spare room, granny annex, garden cabin, caravan situation. Not an entirely separate property.
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How do garden cabins connect to the sewer or main drains?
That’s exactly what AirBnB should be
The solution is to create a less toxic business environment for those who are considering getting into the residential letting sector, not to just beat them over the heads in the new sector they’ve moved into. Otherwise it just becomes a giant game of Whackamole.
We’re already there in Scotland. There’s a short term letting licence system in effect, with individual LAs able to introduce “control areas” if they see fit, which limit the number of short-term lets in an area. Edinburgh has one, although the number of short term lets there was getting beyond a joke.
As landlords sell up, I can see the capital leaving the country. There are plenty of countries where you can invest in real estate to continue your short term or residential letting business, and in some cases you get residency as a bonus.
Great points.
If they think I’m renting my house forget it as I have had The Tenant from Hell and it was HELL! Airbnb is the only safe option in my opinion. The hotels are next
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Absolutely, I fear renting to tenants now. They literally never look after the property. At least with Airbnb you can maintain the property.
For private owners of property(i.e. not through a company) section 24 like rules on mortgage interest will apply to holiday letting from next April anyway
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The lovely, historic West Country town I live in has a huge amount of old terrace houses being used as AirBnBs. There’s a big shortage of rental properties and those of us lucky enough to have a rental property are always worried about no fault eviction kicking us out for our homes to become one. Even if we’re a perfect tenant for years, we can be chucked out and not be able to find another property.
How about investors looking at this from a tenant’s or a resident living in a beautiful areas POV for a change? The sooner entire properties being allowed to be AirBnBs, and no fault evictions are banned, the better.
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Second homes, holiday cottages, Airbnb, all take potential residential homes out of the regular private rented sector. However, as James has explained in this and several other videos. If government makes it less and less profitable or attractive to be a private landlord, to make money out of their properties landlords will try different business models to stay in the game.
However, if you are renting long term in an area, don’t be surprised if banning Airbnb simply results in landlords selling up and these properties disappearing from your local rental stock forever.
The government have got the timing so bad. Devastating the PRS with a consequential massive reduction in properties to rent,before building any new ones for the evicted tenants to rent, is a recipe for disaster.
@@dennishaggerty463 Well if there Air BNB's then the properties are not on the rental market. If mass selling took place then this could offer a dip for people to enter the market's to actually own their home like the good old days.
One of the best things they could do, Online short term renting , taxis, and retailing have destroyed the very fabric of our towns and cities. All it has given us are a lot of get rich quick little hustlers
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“Not paying rent” is NOT a no fault eviction…
Its not, but its the fastest way to get them out . Section 8 takes months.
Labour. Levelling the country down. To ground zero...
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It’s getting so bad in the uk, anyone who thinks for themselves and takes risks your closed down or tax to high heaven. Who voted for labour
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I got rid of my HMO property because governments have interfered with my business so 5 people had to leave I had not put rent up for 5 years but I couldn’t have government running my investment
What do you mean, what happened exactly. I'm thinking about getting into HMO's
Sorry to hear that.
@wicked-witch-of-the-west can't speak for the above, but many local councils add alsorts of fees on to a hmo including landlords licensing. They also seem to have extended the meaning of hmo to include houses converted into 1 bed self contained flats.
You will own nothing but apparently you’ll be happy . This is all about trashing the buying power
I wont be happy!
Can’t blame landlords as you can kick out airbnb guests if they don’t pay
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They pay upfront.
@@stevo728822 Well they can of course refuse to move out, same as normal tenants do..
@@truxton1000no, they can’t. Go to a hotel and overstay your welcome. You’ll be done for trespassing!
@@LisaNewton1 They can’t? You mean if you contact the police they will not throw the “it’s a civil matter” in your face and tell you to go away? Amazing, I have previously gone to the British police with things like this and they are not interested. I doubt that has changed.
Air BnB may be in breach of someone's leasehold contract too. There was a case in South London a few years ago that a share of freehold owner lost. I read it bankrupted them due to legal costs.
Think about it. Residential properties are for residents. They were never set up to be hotels or holiday self catering places, which is arguably what Air BnB is.
Renting out such a property on a per day basis may invalidate the block building insurance. Insurers provide buildings insurance in a residential block as private homes not commercial. The latter costing a lot more due to increased risk.
Tenants living in them under a standard renting contract such as an AST is usually fine as they are longer term residents.
True you must be careful what you do with leasehold properties
@@propertyaccelerator I guess it's safer for all if the owner/s are living in the property & are just renting a room out while they're there. But if the owners are leaseholders or own part of the freehold they'd be wise to check their agreement before renting via Air BnB or similar.
Geting rin of Air BNB in london wont bring the rental price down.
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Maybe not in London. But compared to the rest of the UK I think it will have an impact. Supply and demand. Too many greedy people wanting a grand a week instead of a grand a month for renting.
@@billybigbollox Supply and demand, well 90% of people that rent will never be able to get an even small mortgage so...
I am not a landlord but really enjoyed your work. I will keep watching thank you.
Glad you enjoyed it
Thank you for fairly well-balanced presentation of this subject. Unlike other comments, I am on the side of ordinary people who are priced out of renting, or buying. I appreciate that you landlords want to make money - but it really is not ethical any more that people are using what could be family homes as holiday or short-term lets. Or that someone owns 2,3, 4 or more properties when other people are homeless. Solutions aren't easy - but something has to change. Labour are brave to tackle these big issues.
Thanks Teresa
There are so many northerners who go down and work in London and they need somewhere to stay during the week, and since the hostels have put an age limit, they stay in Airbnb's instead. So Starmer is basically making it difficult for workers as well. I myself worked in London, living elsewhere in the country and having to live in hostels whilst working
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I know someone with eight flats waiting for the budget to sell up probably ....emptying propertues neighbour shut down 4rooms
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With Airbnb serviced accommodation the occupier is not a tenant, they're a guest. An important legal difference. When Labour remove section 21 I will sell and leave the market having accommodated people for 18yrs. I had to use section 21 twice at significant cost and hassle to me. Also... never let unfurnished!
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@@LOGOASSASSIN Can you elaborate on that last sentence?
Does a guest have a legal definition?
Why never let unfurnished?
I used Airbnb between tenancies as finding a tenant matching my criteria takes time. No longer, the last Airbnb occupiers of African descent, working in the medical profession, left the property with maggots crawling all over the kitchen!
Why did you have them in your property so long that this was able to happen ? Why were you not inspecting the property regularly ? Sounds like you were not monitoring the situation enough.
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@@1414141x
The African medical professionals only stayed for 3 days the average stay with Airbnb. No need to inspect for this short period of time. My assumption is, the maggots checked in with the ‘medical professionals’! 😂
@@fje1948 Mmmm. They must have brought the pupae in with them or perhaps active maggots. Perhaps in a sachet of some kind. The gestation period from eggs to active maggots is more than 3 days.
@@1414141x Seems like you don't know how quickly things can escalate. My neighbours rented out their whole house at Airbnb for some time. It ended when one evening it was organiced a rave party in the property, over 100 black people arrived in taxis late in the evening, looked like gangsters, things were thrown out of the windows, furniture, glass, cutlery, bottles etc, at 4am an ambulance arrived to take one person away. The music went on until 7:30 the next morning. Of course the police was called many many times but they refused to come. Well they came AFTER the party was over and the police were sure no one was left. This was in Birmingham.
Labours future proposals is probaby pushing more landlords to do AirBNB. At least you don't have to have long contracts and you can get them out if they are bad tenants. Hotels are full of immigrants !
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I’ve put some rents up today the problems caused by labour, will make it harder for tenants,
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I feel like it's discrimination to have stopped landlords claiming all the mortgage as part of the expenses just as a business still can. I personally would not feel the pressure to keep raising rents if that were the case again.
Why. The amount that was being paid off the mortgage was going straight back to the mortgagee as a free benefit. So you think people should get stuff free of tax? No NHS, no social care, no law and order…
@@SuperJinxter why should we be treated worse than a business?
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@@clarecorry1180 then set it up like a business.
@@SuperJinxter I think @clarecorry1180 is referring to mortgage interest not the capital repayments. Capital repayments have never been an allowable expense. The mortgage interest, that goes to the bank, that you never see again, is now considered taxable income. It was a policy introduced by the tories to appease renters, but rather predictably drove up rents further. Suspect there was also some wef and banking lobbying went on behind the scenes.
Lol. Seems Labour desperate with ill examined policies to Appease the electorate (renters electorate) as usual for politicians without any realistic thought or effort to understand the housing markets complexities. Bunch of idiots.
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I let rooms thru air b&b. The clients were awful!!
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No doubt, most people are pigs.
This change will reduce tourism income - especially to places like London. International tourists will take their money elsewhere. Poor economic decision.
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I host my house and it’s the only thing I can do to just about hold onto my property! This is too much
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Just heard about proposal to pay tenants 2 months comp when landlord wants house back 😮 what's that about 😮?? From 2 tenants associations. ..
Not heard about that will take a look thanks
@propertyaccelerator Paul shampina mentioned it( landlord action ) but didn't hear it all on a news clip...thanks for looking.
This country has had it,
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In the London areas, what if you are a resident landlord and wish to let out a room in your house through Airbnb? What changes are likely to affect this scenario?
Will update once I know more
If you're not considering leaving Britain you're not paying attention.
Where would you go?
@@propertyaccelerator Good point, nowhere to go. Maybe Russia, but would you be allowed to transfer money to Russia?? Probably not.
They need more space for more migrants - AirBNB will be a handy list of who's got a room spare...
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Are landlords already being 'pushed out of the market' by the need to register with their local Council?
It will make some quit for sure, but tax is the biggest issue.
By the way from 6th April 2025 the preferential tax rules for FHLs such as Airbnb (if rented or available for rent for enough days/year) will cease and they will no longer be regarded as businesses. So section 24, for example, will apply and the interest relief will be limited to 20% of interest (or less if the interest in not covered by property income). So only 6 months of this remain.
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Try living in an apartment block with a load of AirBNB's it's an absolute nightmare!!!
Im sure
Or even a street or cul de sac. The greed is ruining communities and the rental market.
Has removing airbnb or only allowing 90 days in london helped there? I dont really understand these ideas being imposed and what data that suggests it will work and not be more destructive than is predecessor.
No because people cheat the system, however if they made it so you have to have a license it would clamp down.
Airbnb is not what it used to be. Measures are important indeed. Get a real job!
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They’re not bothered about communities neither, if they was, they wouldn’t saw division
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They cant legislate against air b and b it would just move to a different platform.
They already have a 90 day rule in London.
I think seeing the same people in a shop, is the least of our housing concerns! I personally, like Airbnb, becos when i travel abt for leisure or bis, as a single person I find single rooms in expensive cities that would cost me a small fortune if I used the city hotels, cities like Winchester which is an over-priced small city. London is different, as there so much competition, I just booked a hotel for £55 per night outside of the city. Just hop on the tube or bus it. I would like to know if you're running an Airbnb, does the mortgagee need to just get a 'consent-to-lease' or just has to be on an Airbnb please?
Yes you should also tell the lender.
I thought the Conversative Government was a joke 😂. Landlords are running away from the sector and tenants are literally crying because there is no where to rent. Socialism at its best😂😂. Thank you for the great content.
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Once you are claiming universal credit it is virtually impossible to buy a house. If you have 16k in the bank UC stops. That is enough to pay legal fees moving costs and stamp duty but little more. Millions are stuck unable to buy due to benefit rules. They get help to pay rent but virtually nothing towards a mortgage. Many people with jobs are claiming UC despite having a job and it is harder to rent . Ouch
Btw we pay a fee to airbnb as well as the guest so tax is paid!
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Spot on, you predicted 😮
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Brilliant analysis
Thank you Sir
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This was first aired by tories in April 2024. Look it up. A register for existing holiday lets and full planning for new Airbnb/holiday lets. This is not labour and not new.
But it’s now being discussed on a regular basis
If the Government want to meddle with Airbnb then they could simply introduce a licence scheme that would ensure that any Landlord's operating as an Airbnb would be providing a safe registered and regulated Airbnb. They can get Landlord's to pay a set cost licence fee of £500 for every 5 year's or if they they really want to be greedy every 3 year's. - Job done! The Government should start imposing the licence scheme on Flats and Apartments in all major Cities like London, Manchester and Leeds to creme off as much money as they can.
Good point.
In Leasehold Flats ,licencing should review the Lease to verify if this is permitted ..Am aware of instances where the short term lets are being done as a breach of the Lease Covenants .
labour is good at collecting gifts
Oh mate, give your head a bloody wobble!
Starmer has accepted £46k in declared gifts and freebies over the last five years. 40 of that from a Labour Peer. Boris Johnson on the other hand, £1.9m.
You’re a moron 🤣
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...to house the newcomers.
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Circle of life. Time for the rich to become poor and the poor to become rich. Poor landlords😂
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WRONG! The tax benefits of short term lettings has been deleted by the previous government, please try stay up to date! From April 2025 STLs cannot now get the mortgage interest relief nor Capital Expenditure benefits unless they put their properties into a company, but this means paying Capital Gains on disposal (selling the house, before restructuring as a PLC). What's needed is a system like in the USA where landlords are encouraged to let properties via a depreciation writedown. This means they usually pay no tax on their nett income BUT it boosts the housing stock, and encourages private builders and buyers into the rental market, long term. Look at Blackrock.
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Shutting down Airbnb, like that's going to help anything towards anything other than helping hotels, hotels are already overpriced and most of them full of immigrants anyway so welcome to complete chaos. Then again I don't really care if Airbnb is not allowed any more. What I DO care about is why they want to destroy the rental market, as no one in their right mind would want to rent out a property any more, ever. So what are Labour going to do?? As loads of people will be on the street, homeless.
I think it they stop it or make it harder those house might be sold and wont go back to being rentals.
Well there is no hotels left!
Im sure the hotels have been putting the pressure on, room rates will go through the roof.
Not much point in contributing to this comment section. The guy just replies with a thumbs up regardless of what You comment. Strange.
If there is not real response then you get a thumbs up. I get 2000 comments a day its impossible to write a response to everyone. You are very lucky Creepy Man xxx
Why don’t they just start by removing section 24 🤷🏼♂️
Would keep a good chunk of landlords I think
No. That's fear mongering.
Its limited in London already
My brother lives in Spain. He lives in one property but is buying another property by the coast. He is not allowed to rent it. The Spanish government have banned Airbnb’s because they don’t want tourists coming to the country. Another socialist government.
Yes I heard they did that in Barcelona
Will never happen
Its already limited to just 90 days per property in London.
@@propertyacceleratorare you saying you can’t rent your AirBnB throughout the year?
@@zeroounce8874 Yes. And from next year renting out as a business will not be possible.
Good! Airbnb is a menace.
No it's not Air B&B that's destroying landlords it's the governments doing it single handedly at alarming speed
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Can somebody plz tell me if buying a second property in a company name gets u out of paying double council tax in Wales and can u get a business exempt?
I rent out my flat (in my name) and i’m about to buy a house in Swansea to live on ground floor and short let the other 2 floors.
Double council tax is one of the biggest costs and not one youtuber has explained it nor can my accountant.
I think the council where you are buying will give you the best answer.
Labour are going to implement the abolition of FHL regime that the Tories drew up… we’ve known about that for ages. We’ve known that licensing is going to spread to other areas for ages too. There is no talk of banning airbnbs but there does need to be some control on quantity AND quality… too many rubbish owners giving the sector a bad name.
I’m getting a bit tired of people blaming the easy targets for the challenges facing us… pressure should be on the government, banks and other big players to sort out the mess. Hotels might not like STR but millions of voters do.
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Thank you
You're welcome
What you are saying is incorrect! blocks of flats can’t Airbnb because of their lease! secondly I have an Airbnb next to a rental property the rent is a mess uncut grass broken fence, if the have an Airbnb you have to keep it to a standard. Come on get it right please
Plenty of blocks of flats can airbnb, I have 7 flats none restrict it in the lease. New builds they are more swtiched on and some restrict you are correct.
Community feel my foot, creepy drawers to the left, creepy drawers to the right, antisocial cat woman across the road 🤨
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*Click bait* regulate yes, not ban.
Barcelona banned it, London already regulates and has 90 day limit to rent out per year.
Well I'm not surprised 😲
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Well, that'll just increase rents even more to cover the transition from short to long term rentals to cover the difference in profit for landlords.
We're heading towards Idiocracy (watch the movie if you don't know what I'm on about).
What the market needs is tough and strict legislation towards the quality of the market and more loose legislation towards the quantity.
But we're governed by blithering idiots.
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Did you actually just say watch a movie? To understand UK rental market.
@@propertyacceleratorDo you thumbs up every comment no matter the ridiculous comment?
@@billybigbollox I meant the movie "Idiocracy" as it absolutely resembles the way this government is working and what it wants us to look like with all the legislation that's coming.
It will not explain the UK property market. It will explain a lot about the state of the country and the people governing us. For example where they want us to be in a few decades.
You will completely understand what I mean if you watch the movie. Or just go with the trailer.
I'm making a point regarding the government, not the property market with the movie reference.
They are related though as government dictates most of the market.
Great video
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Please do it’s gutting the world
Barcelona did already
The problem with developers is that they control the supply of land on the market, they buy up so much along with land bankers, backing by international financiers. The government need to buy land at agricultural values and build housing for long term. To construct properties, the developers only pay 25% to 33% of the sales price + site development costs. Improve the integration of new developments into towns instead of using A roads, B roads and Trunk routes by getting roundabouts installed. Towns should see benefits such as more nature reserves, parks, free outdoor exercise areas, more playing fields to make up for the crazy sell offs of recent decades. Then there are the banks, mortgages on new builds should be restricted to the construction costs, currently people are borrowing 3 x the cost of construction simply to pour massive windfall profits into the hands of the developers and land bankers. Mortgages for older properties should be further restricted, you won't get a loan from a bank to buy a 5 year old Mondeo for 5 x the cost when new, the same should apply for mortgages. This would ensure that the cost of properties to supply the rental market would be kept low, building lots of decent houses with bigger gardens, private off road parking, away from industrial areas, motorways, railways, would improve people's quality of life, health, particulalry for children. Planning laws should be reducing the density of developments, ensure homes have more indoor & outdoor space, return to building bungalows for the elderly. Build more houses than are needed, reduce the uncrontolled and often illegal HMO's for those a the lower end of the rental market. gradually, old properties should be redeveloped.
There is a lot of money spent on housing by owners and renters, it should be a very small % of people's income, I reckon 12% of the net income for those on the minimum wage, currently the money flows to the banks in interest, to the developers/landbankers, on vastly inflated property values, to landlords for overpriced homes they have purchased knowing the demand is there. Divert all the money spent on housing to actually building, maintaining homes and the environment, not to line the pockets of global investors/financiers. Banks should be forced to write off mortages when property prices fall, they created the money in the first place by fractional lending, let them unwind it and remove their appalling powers to reposses homes and lots more.
Tinkering with rental agreements won't do much to improve the rental market as the fundamental problems are new house prices, old house prices, and not generating oversupply of houses. Divert some money into taxes, to pay for education, public services, long term savings, pensions, UK utilities, income protection schemes, old age care. That keeps money in the economy instead of being siphoned off to a few global coporations, developers, land bankers, landlords, etc.
Of course, with many MPs on both sides of House of Commons, being landlords, this is very unlikely to happen. The lobbying power of the companies involved is enormous, that needs to end and MPs be held accountable even after they leave Parliament.
Great points.
Wow, now I've heard everything! 😂 Bloody socialist! You have absolutely no idea about supply and demand in a capitalist society. Telling the banks to lend less on second hand properties just because second hand car prices fall! Actually classic cars tend to rise so you got that wrong and most second hand cars were rising a few years back! Besides car loans tend to be short term and the banks do not have a stake in the car, unlike property where they place a charge on the title deeds!
Furthermore, you say banks should lend a lower amount on older housing, but often older housing is more desirable than new builds. They tend to be bigger, sit on bigger plots, have more character and often are sittuated in richer communities. Banks should facilitate what people want to borrow, not dictate the value of things. They don't dictate the value of the second hand car, the buyer determines the price they are willing to pay, not the banks! 😅
You might dislike investors/financiers, but it is these very people that bring in wealth. Why do you think the Labour Party is wooing them at the moment. We live in a global market where investors can go to generate profits. They are not going to invest here if people like you tell them how to invest.
I decided to rent our house out when I got posted out to RAF Laarbruch in Germany in 1993. When I returned in 1996 I came out of the RAF and used my gratuity as a deposit on another, bigger house and kept the other one on as a buy to let. I still own it today and the current tenants have lived there for over 20-years. We make a thousand pounds profit per year after repair costs, the mortgage and taxes, but provide much needed accommodation to a family that could never get a mortgage due to their low skilled, low paid jobs coupled with poor credit ratings. Yes we make a little money, but we wouldn't do it otherwise. Same for big investors/financiers. If you want a private sector to invest in this country, there needs to be incentives. If not, how will the country function? People need money to live. The private sector provides most of the jobs, the taxes to pay the nurses, police and build the public infrastructure like roads and schools. The private sector starts with someone making an investment for financial reward. Then people like you come along and try to restrict it/ bank lending!
Let me tell you about borrowing. Borrowing enables leveraging and this enables people to buy things they ordinarily would never be able to afford. It is the biggest contributing factor to the modern world. Everything we take for granted is as a result of borrowing. The medicines you take each day, the car you drive, the food you eat, everything. At some point, someone borrowed some money and made it work for them, created wealth, grew their business/investment and made/grew things that you take for granted! Socialists that try to get in the way of that cycle will kill it and send us back to the dark ages! Jeez
What a load of rubbish! If banks even tried to lend less money on older properties, this would hold the prices down for those properties and the current owners would be in negative equity, unable to repay their mortgages back to the very banks that are refusing to lend the full market value on them! The banks would lose trillions! You didn't think that through, did you? Banks don't decide the value of things, buyers do. Something is only worth what someone is willing to pay. Supply and demand! And besides older properties tend to be bigger, on bigger plots and are often full of character. They are often worth much more than pop-up new builds, so what on earth are you thinking!
Starmer staying in a 20 mill Ali air bnb?
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2 tier b and b
Very interesting!!!
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Lord Ali’s got a nice Air BnB…
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IK hit the like button twice
Then you might have unliked 😂
Hope so
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6:45 “interest rate up 6%. Ie 6X … someone in the comments said that wasn’t true.”….. I really hope that person in the comments isn’t an investor because they can’t do basic maths and they will go bust.😂😂😂
I think they looked at it in the eyes of residential mortgage where the rate increases have less impact
I hope they ban air b n b
That's moronic, like Labour...how abiut cutting mass immigration?
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It's a good idea. V smart too.
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F. Air bnb. Hope it implodes. Have never and would never need to stay in one. We live in a residential block of flats and its one of the reasons thats has prompted us to want to move, would hsve never eanted to live next door to an air bnb...next doors block of flats is a mixed bag; has 2 air bnb flats, and they could instead be used for somebody's proper home. Its just greed by second home owners. And it fkin sucks living next door to one! The drunk guests, the druggies making noise pollution, i just love listening to pissheads having domestics outside my property and the sound of trolley wheels being dragged down flights of stairs at 4am...a revolving door of dodgy transients and never really knowing who your neigbours with
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God you really know how to get clickbait on this channel. “Hello my names James Murdoch and welcome to my manipulated clickbait channel”
I prefer to be called Rupert Nicholson.
Air b&b is out of control
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Omg.. lol. Where do you think those first time buyers are living at the moment? As they snap up ex-Airbnbs they release their old rental properties on to the market.
I’m guessing you don’t play chess.
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It should be banned.
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