LABOUR to DESTROY the UK PROPERTY MARKET (Maybe too clickbaty?)
ฝัง
- เผยแพร่เมื่อ 2 ส.ค. 2024
- Let me tell you what I think the new election is going to do to the UK property market! Will this destroy the UK property Market or will this help the UK property market thrive! Did you vote?
--------------------------------------------------------------------------------------------------------------------
Interested in getting educated by me about all thing Property Investing then go to: www.aspireeducation.co.uk/joi...
Want to become one of my investors? Do you have £100K ready to go? fill in your details here: Thanks! Go to www.aspirepropertygroup.co.uk... and fill in your details!
Want to learn more about Buy-to-Let's, download my free guide here: bit.ly/jyboringvanillabtlguide
How I research properties: PropertyData: propertydata.co.uk/a/jamieyork
How I Manage my portfolio finances for free: Lendlord: lendlord.io/jamie-york-deal-a...
How I get finance for my property deals: lendlord.io/finance-hub-jamie...
Before you go make sure you've subscribed to not miss out on the latest property investment videos!
--------------------------------------------------------------------------------------------------
00:00 - Intro
00:54 - Economic Landscapes
02:05 - Housing Market
05:36 - Rental Market Implications
08:16 - infrastructure regeneration development
09:13 - Tax
12:07 - My Opinion
Good! Property prices need to average 250k max to become sustainable
Rachel Reeves has in the last half hour been making her first speech as Chancellor and she spoke about planning reforms etc. and building 1.5m homes in the next 5 years (i.e. 300k homes a year). In the Q&A there was the following question put forward (it was a 2 part question so I have taken out the green infrastructure part so not the full text/question and have focused on the housing):
Question from BBC “in history we have only had this level of house building when the state has been involved. Are you relying too much on the private sector”
Reeves answer “we need the private sector to build homes, we’re not going to be in the business of building those homes directly, we need the construction sector and the house building sector to build those homes”
So, no government building and they will rely on the house builders to magically double the amount of homes they build. I'd love to be proved wrong but, IMHO, it ain't gonna happen. A million by 2030 would be impressive.
I have been hearing that in one guise or another since I was 10 years old. I'm 45 now.
@@newsoftheday420 I'm similar age and been hearing the same. It won't happen.
Apparently there will be mandates but how will that work? Similar to the EV mandate where they have to pay £15k per house not built? Will be great if it happens, there will be a lot of architects who are about to be very busy which is good news to me, but very sceptical.
Where would the extra trades come from? The Polish and other Europeans have gone home because they have a better standard of living and higher wages.
@paulcliffe8168 further increase in population would only increase demand
So from what you're saying, the obvious answer would be to target serial landlords, those who own large portfolios of houses, taxing or potentially preventing them from being allowed to purchase, and even rent out properties classed as affordable
Not really tbh. It’s nice in theory… but peopel are always looking to blame someone.
Ownership has almost always made up 60%, rented 40% (in our country at least) it’s STILL around that. If anything home ownership has gone up it’s just that SOCIAL housing has dropped and private has gone up
If you do that, there will be less rentals, driving up rental prices even further. In theory the price would drop a little though, but not as much as you think as there’s still crazy demand.
The only real solution is building more property
The real solution is conditions in the UK becoming such that the influx of immigrants in the last few decades emigrate back again. As the countries these people come from develop and become richer combined with a decline in the UK we may well see that happen to some extent. Often people have an image of what the UK is only to find that the actual conditions aren't as great as they had imagined. Power is shifting globally. So at some point if we do build lots of houses there will possibly be an abundance of housing. At that point prices will drop drastically.
@JamieYork I'm only going by what you said in your video Jamie, and I would expect this sort of response from someone who falls into this group of landlords I'm referring to.
The problem is that in towns such as mine, a handful of people own the majority of rental properties, meaning they get to dictate the rent around here, and surprise surprise, they target the "affordable" houses.
This has been an ongoing issue since Labour allowed councils to sell houses to foreign investors, and further exhausted by large wealthy families giving their relatives the money to purchase houses on the first-time buyer's scheme, all the while remaining in the family home, the whole situation is a joke.
Gentrification is well and truly in effect here, to the point where there are currently only 4 properties for sale, in a town with a population of 60k+ but it's cool, at least I can rent a 2 bedroom 500sqft property for £1.2k a month 🤨
@@kieronmoore1688 here's an example, my next door but 1 neighbour is loaded from a trust fund that was left to his wife. The home next door was a council house but they managed to convince the elderly tenant to buy it (right to buy) with their money. That elderly chap moved on (where to I don't know but in any case) their son now lives in that privately owned property bought from the council. That they had zero right or legal ability to buy. Taking a 2 bed property off the social housing books. So that a single guy in his mid 40's set to inherit a fortune can live annex style next to his wealthy elderly parents.
It's not immigration the issue, it's that the country is stuck in the 50s when it comes to urban planning. Whole cities built around small inefficient houses rather than modern blocks of flats that could accommodate millions of people and be affordable.
It's hard to find a house below 100k anymore which is good value. Yet houses around the 1m are not selling. I can see they're 20% cheaper than 2 years ago.
The majority of renters would buy if they could afford it. Rent caps would indeed cause a short term increase in rental prices whilst greedy landlords panic sell, but in the long term this would reduce property price, and people would be able to afford to buy their own homes. There is a time and a place for rentals e.g. students, holiday homes etc, but the balance is not there.
but why should prices be reduced forcibly to help poor people buy ? Just let them rent ... if you don't earn much (that's your fault), there are high paying jobs out there go and get one.
I've got a rental in Trowbridge, and the tenants n my property can't get onto the property market due to the new houses ect being built are being purchased by investment groups. This is happening in Hilperton, Trowbridge, which is causing locals to move way out of the area to try and buy, this then doesn't make it affordable for them to continue to travel to work.
Yeah situations like that are really starting to pop up. It’s going to be very tough for anyone getting on the market in the next 5 years I think
@@JamieYork G4S and Blackrock etc are purchasing a huge number of properties for the rental market
its all blackrock globally its why property is thousands and thousands even in the bloody australian outback...
Let’s hope so then we can turn our attention to more productive areas of the economy
Blair was a "diet tory" too, but he had the mandate as does Starmer now, personal opinions aside. In that context, it would be extremely difficult, and next to impossible, for the Labour Party to ditch him imo. He's refashioned the party more or less in his image over the past few years, with a solid core of acolytes and believers. A good many have already jumped ship. Corbyn, as the far left's leader, will probably never run as Labour again.
The point to are missing Jamie is section 8 in London is taking 14 months from start to finish. If the tenant knows what he’s doing he can drag it out further. Landlords don’t use section 21 out of spite, it’s generally a quicker way to evict non paying tenants.
If the courts were working - this wouldn’t be a problem but at the moment, it’s a really bad idea.
Very good point. They can’t really make changes without sorting out the courts first eh!
there are much quicker ways ;)
Section 8 can't even be used in so many situations. I had tenants smoking in my non-smoking HMO, I spoke to my lawyer and he said it would be very difficult to evict with section 8, I would need to effectively spy on them to gather evidence and then it may not even result in eviction. Section 8 doesn't work in so many situations when you think it should. That's why everyone uses s21
With planning , you can make new rulings and make it easier to develop Brownfield sites , however if the system still allows Parish councils to obstruct and object to issues that have already been addressed by Central Government and add months , if not Years ! to the process …And if the local Planners are drastically understaffed…. Then your 12-18 weeks deadline will be extended over and over again , and you will be unbelievably waiting over 3 years to build Eco houses , on a Brownfield site . So , investors start to invest elsewhere. … and the housing crisis continues .
Labour will probably collapse as they will keep tories policies (on Ukraine, on wokeism, on mass migrantion, on high taxation and naziambientalism). Labour and Tories work for the same high elites. As Labour was elected by only 35% of the electorate, it can't properly sustain itself and reach the wishes of the entire of british population. The crisis is very deep in the West as society and economy is eroding to a point of no return. I hope I am wrong, I hope Labour scrap planning regulations, build on most of the Green belt and start huge soviet style council housing.
i only want council HOUSES WITH BIG GARDENS. the gimmegrunts must leave.
Why private gardens if we can have a nice park?
Why are you lot on about immigrants coming to the country but no where mad when India and Pakistan people use officers in them country's that phone uk people to scam people without coming to the UK people like you never talk about that only about immigrants coming to the country
Wokeism? pmsl 🤣
Estate agents need regulation . They always go with investors and cash buyers and fob off everyone else . It’s why lot big portfolios are about . I agree with rent caps . Pples wages cannot afford stupid rents to line landlords pockets
Agents have huge regulation and that’s absolutely not true. It’s almost always the highest bidder which is harder ever an investor as they try and get the property cheaper
I think as a minimum rent controls should be put in on foreign investors in public property, the money as a minimum from property needs to stay in the UK.
I have to comment on this levelling up - I live in the SE and pay for the privilege of higher Council taxes higher mortgage payments because the house prices are higher - I read that a three bedroom semi in Carlisle is £ 125k and in Reading where I live a three bedroom semi will cost 345k. If I’m right the new Labour government levelling up could mean higher prices in the North to match the South so be careful for what you wish for and don’t get too excited!
No doubt it’s going to be painful in the long run. The upside as an investor of course is buying the properties whilst they are so low in prices
Higher council tax in the SE, really?
As an example, Blackpool which is one of the most deprived towns in England and in the North West, has relatively high council tax rates compared to some London boroughs.
For the fiscal year 2023-2024, Band D council tax in Blackpool was around £1,900 per year, which is higher than some London boroughs like Westminster or Wandsworth, where Band D rates were below £1,000 per year!
Just exchanged contracts on btl property no 5. Def the time to get in there. Prices are rising, demand is high and time in the market is time in the market. Carlisle based. £135k for three bed terrace in great nick in areas that hit all the right investment criteria. Move now before Labour lurch to the left and target anyone with savings of more than £1.
Boooom! Well done on that massive level of action taking!
Tories alowed only private companies to build in UK for the last 14 years, while they were funding the Tories. Alow everyone to start building new homes.
Rent caps are comming. It wouldnt surprise me if your already above the rent cap value you will have to reduce your rent to that level. Far fetched maybe? I think not ...... capital allowance will be reduced to zero on the sale second properties. You can see it all comming 😊
Yes Reeves has already said councils should be allowed to decide on rent caps themselves and seeing as councils have been calling for them for years it will happen.
I think you may see something that others don't... let's see eh!
It’s not as straightforward as you think, when landlords remortgage the underwriter will want to see evidence of a decent rental amount in line with valuation, otherwise they have every right to reject the application
Good luck to rent capping. Landlords will sell up. No profit if the rent does not cover their interest only mortgage, buildings insurance, maintenance, landlord insurance, management fees, void periods and annual gas and electrical safety certification. Rents on properties left in the market will skyrocket exasperating the situation due to a severe shortage.
You should be our housing minister
He has to leave the logical discussions then, can you handle Jamie York minus intelligence? 😃
Haha, love this comment! I think I’d do pretty well as housing minister, but I’d get ousted pretty quick due to having a lot I’ll approach 😂
As a foreigner I'm afraid that labour will start build more social houses but who is going to pay for this.People won't be mativated to have your own property, becasue mainatnace will be too expensive
Yes your right about cgt but it also stops investors getting greedy and buying a billion properties eating up the supply in the first place.
Is it greedy when they have grafted to get the money together (genuine question). Also, bear in mind that it's payable when you sell the property, so it actually hinders supply even further, which drives up prices even further
A lot of investors who own multiple properties buy them via a limited company. This means they won't pay capital gains tax if they sell, they will pay corporation tax.
@@JamieYorkA company often transcends generations so not sure if ‘working hard’ is applicable here.
The issue is that the very wealthy are buying the generational wealth assets off the middle class ie as in most of our properties & parents properties...driving up inequality and major other issues like uv mentioned.
why won't it help renters if you are forced to sell ? So we get a lot of housing on the market - the price drops - then poor people can buy ? What am I missing ?
The price would drop for sure, but not to the level people seem to think. The supply of house is just far too little.
Let’s say they drop 10%, which I personally can’t see. So that would bring the average house to about £250k instead of £280k… the deposit required would be £3k less, the payments at 5% interest would be roughly £125 less each month.
For those that can afford it, it’s not a massive difference. For those that are ‘poor’ they still can’t afford it
Then crux of it is those that CAN’T pay for it, then still need to rent… but now there’s even more of a shortage of available rentals, so rents go up even more drastically.
Moving around ownership and who can own etc make very little difference. It benefits some, it hurts others.
The only legitimate option is to make developing more properties viable
Hopefully that makes some sense
@@JamieYork how do you know how far the price would drop ? Let's gut the BTL business model then there is no limit to how much those houses will fall. Houses can be worth pittance - in Burnley for example they are as low as £8K - there is no magic fairy that will keep prices up if that's what the economics determine. I agree that there a lot of people/inistitutions waiting to snap up any crash - but smart people should be able to stop that from happening.
@@garethwilliams4467that logic doesn’t work. people still need somewhere to live. even if house prices drop 50%, lots of, probably most people, still cannot buy. Landlords are not driving up prices, the lack of supply is what is driving up prices.
also if house prices drop that much, it means the economy is F@*k. this means the poorer people have become poorer and still can’t afford that 50% drop to buy a house.
Agree with all this. Nice one.
You're welcome :)
Thanks for this!
No worries! Hope it helps
APG
In the miliatry already have one property with consent to let, looking at taking out the equity around December and getting a 2nd home BTL interest only for extra cash flow for the 3rd ... thats the plan
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?TH-camOrganic and fill in your details, and a member of my team will be in touch! 😊
You say that if it no longer becomes profitable you will be forced to sell and this is bad for renters? But surely if lots of landlords are forced to sell this will significantly reduce house prices and hence both mortgage repayments and rents prices as well as helping first time buyers get their first home?
That’s a good argument but unfortunately it wouldn’t be as much as you think. Private landlords only represent 21% of the market. Say 5% pull out, that is only 5% of available stock for purchases but 25% of available lets, so not very helpful
Then you be got to add in that we are over a million houses short (as in they don’t exist) so even if people could buy, which they couldn’t, the same amount of pressure would switch to the rental market… where there is now 25% less supply
It’s a fickle game eh
Supply and demand . Build millions of council housing. Were people will have assured tenancies. And be able to put down roots. In the knoll age that they are not going to be out after a year because their private landlords want’s to extort them . More affordable social housing means less rip off private landlords more realistic price valuations . Rents down property prices down. And a win win for renters and buyers alike.
Starmer is serving the WEF. Their anthem is 'You will own nothing and be happy'. The target is 2030 and Starmer is the chosen man to deliver this target. Hold on to your assets while you can.
Lol, where is your tin foil hat mate?
@@kobalos73 Just watch how it unfolds - I hope you get it before it is too late.
Voted Labour as the tories needed to go. I’m not a Labour voter normally.
Something needs to be done to close the wealth gap. I get that property owners with millions invested in properties want more profits, but at some point when instead of 5 million using food banks it gets to 20 million the economy will collapse.
I personally know some neighbours who use food banks. Funny how they can afford to sit outside their front doors fagging and swilling booze down their throats most of the day when supposedly they cannot afford food. I know there are some genuine people out there who are hungry through no fault of their own and I also know there are tons of scammers out there too.
@@stevenhull5025 I don’t know anyone that uses food banks, but I’m sure you are right there are some scammers. However I do know landlords that claim business expenses for items for their own house claiming it is for a rental property. I guess there are many scammers throughout society.
Which is worse in you opinion?
Some landlords have struggled to secure one or two buy-to-let properties to top up their meager pension and there are landlords with dozens or hundreds of properties. Please don't mix them up. Obviously, the second group is not much affected by these reforms and the full burden will be on the "poor" landlords' shoulders.
@@dariushdariush792 I don’t understand your message. Is it ok for landlords to commit crimes? Is it ok for the “poor” to drink alcohol, and get aid from food banks,? Were you being sarcastic?
We need wealth tax
Thank you for sharing such essential information for the property.
In Canada, they are charging capital gains up to 67% on investments,and investment properties..the problem, is , corporations like blackrock pay zero..the middle class gets wrecked! It doesnt provide more homes, because companies like blackrock buy them, and rent these homes out for double. This serves the elites, and the little, middle class person with that small cottage or investment portfolio loses 50 to 67%
What about the EPC ratings, do we predict they will be enforced to a C again?
I think they will look at it, but I very much doubt it will be enforced in the way people think it will. You need to remember the laws around EPCs, the grants and the cap on how much you need to spend, so it's largely irrelevant
@@JamieYorki think you should do a video on that too lol! Not sure what I’d do without your vids! 🙌😅
Yes boss! I’ll get it scheduled 💪
Lol . Plain English . No nonsense! Thanks Jamie
Haha, you’re welcome!
I've worked in architecture for 20 years as a Technologist. When it comes to affordable homes the only way this will happen is if the government start a house building program again. No party has ever been able to make a change on this and always makes me laugh when they say they will build 300k homes a year. Large developers will drip feed in housing stock to keep a high demand, hence why new homes are half the government targets.
The only change that ever made a slight difference was permitted development rights to convert office to resi. But even that has got more complicated.
Very true, that 300k homes has been a target going back a decade or more and it's never been hit. Labour have no credible plans.
Hi Steve, please could you clarify why the office to resi PD got more complicated?
You cannot solve the housing problem until you solve the immigration problem. It is the basic law of supply and demand. If the demand for housing remains strong and the supply cannot keep up with that demand, prices will rise. Any government intervention will only exacerbate the problem.
It's easier than that all labour need to do is fix rent at low rates and make it almost impossible to be evicted. If they did this young people would just rent as
What would be the point of ownership . Theyd only have to do it for a few years until it becomes fashionable and it would collapse the house prices.
@@Tommy-jl9dm That would result in even more landlords pulling out and an even bigger housing crisis as there would be nowhere to rent. What landlord would invest in a property where it was impossible to get the tenant out and you couldn't put up the rent?
Too much restriction to landlord mean people will put money other place or other country. I know many people who were once landlord and because of such restrictions sold the property and invested in some other country where it's more profitable.
Here is a controversial opinion - How about the government stop letting people on to the Island? Immigration is a net loss according to the statistics.
Hey Jamie , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?
Appreciate that bud, but I’ve got a team on this and getting day by day 💪
The elephant in the room here is why investors are allowed to mop up the lower priced new builds, thus removing them from the market and denying the first time buyers who then have to resort to renting. And what do they rent? Well it’s the property that you investors have just bought. Consequently they then find themselves in the rent trap, whereby they cannot afford to save for a deposit due to ridiculous rent payments.
This outrageous situation should be outlawed imo.
The solution is simple. Build enough properties, balancing demand with supply and ensure that first time buyers gets first dibs.
I don’t hate property investors, but they are a big part of the problem regarding the housing crisis.
I agree tbh. First dibs maybe being 14 days without investor competition
The issues in the housing market, relate to on existant government intervention or control. There are currently 14 million ( and rising first and second generation ) migrants in the UK. Have there been residential housing built to accomodate that number ? No.
Has the Uk govement mismanaged the BOE base rate for 16 years ? yes. Ultra low rates have lead to massive property speculation- using free money. Have the incomes of first time residential buyers tripled in 16 years ? no.
If the Uk cant suppport its own native young people to find homes, is it any wonder that there is a falling birth rate? No
Thanks good get prices down overinflated prices anyway
Agree 100%. Tories killed BTL and IT Contracting...
They're not all bad then...
You just said if it's not economical for the BTL you would sell, that would mean you kicking the tenant out? So you wont be a good landlord can you clarify.
If it no longer made financial sense over the long term for me I would sell the property. I care about providing a great service, but it is a business that costs money. Not a charity, as nice as that would be
Will they reduce net migration?
People forget that originally its was the Tories and the Whigs in parliament. After the war people had had enough of the status quo (not the group, they are not that old) and the Labour Party was formed. So a new party can come in to existence and be voted in to power. If reform is what people want then that is what we should get.
However when you look at France and Italy we’ve seen they are happy to manipulate the system to stay in power or cut off the legs of the voted in party. Democracy is all but done. CBDC and digital ID are on their way and then we are sunk.
Great info and a good reminder!
Problem is that the new hiusing built wont be economical and they make these first time buyer schemes sound great initially but how about offering us something to actually make it easier? Lets face it, all these houses will be built but not for first time buyers. They will be tiny overpriced things and the mortgage rates are crazy on top of that
APG
Good video been Jamie been following for a while & you always make sense.
I’m based in sheffield where the demand for rentals is high & rents have risen quite well in the past year or so.
I’m now looking invest in commercial more as the stress & financial responsibilities are almost non existent compared to residential with so many costs involved annually.
Keep up the great content 👍
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?TH-camOrganic and fill in your details, and a member of my team will be in touch! 😊
If young people can't get the mortgages it doesn't matter how many cheap starter homes you build. A lot of the younger people have only ever know low interest rates. Young people also do not appear to "make do" with something and work their way up, they just one the really nice house now......and that's not going to happen with small badly built starter homes and Labour is probably about to make private transport a lot more expensive so without GOOD transport links to these brownfield sites these "estates" of cheaper housing will not be attractive. How exactly you make a cheap house with a heat pump, solar and an EV charging point I haven't a clue. Most of the Councils are broke so it's not like they can suddenly embark on a massive restock of council houses. The large private house builders are not about to throw away profit in a charitable gesture to the Labour Government. Just because you reform the planning department does not guarantee that existing landowners affected by your plans will take legal action.
This is the bit I don't get with the politicians.......they all say "We need to do this" and "we need to do that"......the issues they point out are noble and true but they don't actually explain how they are going to do it and when the lift the lid on the proverbial Pandora's box they suddenly have to U-turn. Whilst people will stick their fingers in their ears rather than listen to another person who actually delivered Brexit.....they are missing that that person actually explains how he will do things and even has the balls to make his ideas a contract rather than a manifesto.
Saying on camera all these things you're going to do might be good enough for the biased news readers on the National TV Channel.......but turning ideas into delivered reality takes more than just convincing the biased news readers.
If they put rent controls in I will have to increase my rents,not reduce, them,
100% same for me
You won’t be able to!
@@youtubeman5033 I don't understand what you mean by this.
@@PeacockRhino course I could if I wanted to to match the cap which my rents are below what they should be ,but I won’t do it that would be wrong
@@travellingtom6091 it’s a joke reply, my rents are low for the area where I live ,I’ve been told to put my prices up, by local property agents, so if they make rates capped off I will be lower than those rates to start off with, , on a serious note I think my tenants who I class as friends most of them are struggling in these tough times so I’m keeping the lower rents,
Thanks for sharing JY
Hopefully house prices will fall so that my kids can afford to buy one.
APG
Amazing! Let me know once you get it filled in. Good luck on the call: www.aspirepropertygroup.co.uk/?TH-camOrganic
System already decided even before who will be in power just look at how media turned against rishi Nd the party and reform was designed to help starmer.
Jamie! Your advert is interrupting the video 😂
Haha, LOVE that!
Labour won’t change things there’s not enough houses to go round and the rental markets are booming, there’s plenty of money out there and lots of cash buyers, I wouldn’t be suprised if there’s a new landlord Tax slipped in somewhere, they hate us landlords,
Yes they do. It's in the DNA of a Marxist Socialist to hate landlords. Angela Rayner is getting a hard on for it, no matter what the consequences.
100%! The irony though is that will get passed on to renters
In London, some councils have started introducing a landlord licence. Of course you to pay for it.
@@O_Monopoly yes I’ve seen that I bet they bring it in all over the country like a stealth tax, just something else for us to deal with
Apg?
Amazing! Let me know once you get it filled in. Good luck on the call: www.aspirepropertygroup.co.uk/?TH-camOrganic
Rishi doesnt want to be a War Prime Minister He's off to his hide out
Kier still got fewer votes than JC, who would have been gift to greater society
Education
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
I’ve been a letting manager for over 20 years. I’m sorry but you have this wrong. Section 21 are used for many reason. Imagine having a tenant who is awful and trashes your property and you can’t get them out because they pay their rent.
That’s already been acknowledged in the reform and they’ve said that will be factored in before any changes
100% Reform. Labour and Conservatives have both shown they're not able to do the Job and we need a leader who isn't afraid to tackle taboo subjects. Plus Reforms policies look good.
Labour are cowards and have 0 plan and will leave the country devastated.
I seriously don’t get how you think Reform will cause less damage than Liz Truss. Immigration is not taboo, it’s essential.
Reform’s plan are like Liz Truss on steroids. If the banks don’t make money from deposits to the Bank of England, do you think the banks will simply say OK? No they will put up mortgage rates to protect their profit margins.
When penalty payments changed for those with overdraft limits changed through intervention, nearly everybody has a 40% interest on their overdrafts, it used to be so much lower on an agreed overdraft.
Starmer will do it, the reason sunac did not build was to keep the prices up, when they start building house prices will come down
@@user-xu8mt3hw3b immigration is absolutely not essential. And the british people have NEVER consented to it, therefore it is invasion
Capital gains is only being increased for non doms!
Not really… they’re just approaching it in a different way for locals… by removing the tax free allowances
apg
Amazing! Let me know once you get it filled in. Good luck on the call: www.aspirepropertygroup.co.uk/?TH-camOrganic
Apg
Amazing! Let me know once you get it filled in. Good luck on the call: www.aspirepropertygroup.co.uk/?TH-camOrganic
voted for green
labour - diet tory
conservatives - tory
reform - super tory
pretty sure there was a yellow group but lord knows who they were
green were the only real choice if you didn't want a tory
Haha, love that. You are probably right.
I actually didn't vote as I feel I would be focusing on those I hate the least. TBF, I would probably vote for Farage this time round (can't believe I'm even saying that tbh)
Did you actually look at the Greens manifesto? 🤣
Stating Starmer is a diet Tory suggests you don't know who Starmer is. I'd advise looking into his history and background before drawing such conclusions.
Populatiòn increases, prices of assets come down.
That doesn’t happen when supply of the asset can’t keep up… such as property
@@JamieYorkthe value of the asset is only what people are prepared to pay. If they come over and want what you have, do you think they will want to pay the same as you?
Why be in debt for life when cost of life is more disposable.
🇬🇧 the establishment's cash cow to simplify 🇬🇧👑33.
Scaremongering nonsense. Liz Truss is what broke it
She certainly didn’t help. But it was broken way before her
If it was her, explain how the same issues are being felt in Australia, Canada and USA. It's more complex than that
WEF rental you will own nothing and be happy 😂
Thanks good labours won 🏆 !
The gravy train will soon be over 🤣😂 bring in rent controls 🎉
what gravy train?
The more social housing built the better. More and more people in affordable social housing and less people having to pay extortionate private rents. House prices plummeting. More people being able to get on the housing ladder.
Video is decent but I have a problem with some things you say especially the intro when your "predicting" farage to moan about the seat number to vote ratio (proportional representation) you can't claim to predict that when for the last 3 days that's all he's been going on about, it's like predicting England winning after the game has finished, try not to try and make yourself look smart by pretenting your predicting something that's already happened
I actually hadn’t. You’re seeing this now remember… I filmed it straight after voting
The further left you go on politics, the more you tend to think "The world ought to be like this...". In reality, it's more "If you were to do 'A', then 'B' will happen". The pathway to hell is paved with good intentions.
As long as you purchase the properties the same way as rich folk do you'll be ok.
Which way is that?
@@Avdarmaly In a company based in tax havens 😂
@@TasmanianDevil22easy to say. But how to do this in real life having only couple of btls, not a huge portfolio.
@Avdarmaly It was a joke. Do not buy property in the first place. It is shelter and should be treated as such, not an investment.
@@TasmanianDevil22 What is an investment then?
Down with the property ponzi...
s302 Jet?
Labour will destroy not only the property market, but wealth, freedoms, security and Sterling. Labour always ends in collapse and/or a run in Sterling
I personally doubt that tbh. But all change is temporary. We just need to. Be ready to take advantage
@@JamieYork Watch and learn! Labour administrations always end in a run on Sterling and a collapsed economy.
The plantation continues
I voted for independent
we need to stop people buying more then 2 property for buy to let ,and make 1.5 million houses make it easy to get house
Silly idea
Hilarious comment.
Maybe for overseas investors yes
That’s doesn’t really solve the problem. People need strong rentals. We need to build more but that will take a LONG time
@@JamieYorkhow would you suggest the UK builds more homes. The country has been stagnant in building for decades which is now affecting the younger generations to get a mortgage or rent which lowa average salaries haven't played much of a positive part
YOU 'guessed' 18%.
Yeah… why?
15 million immigrants and not enough land to grow food this mess is the answer?
So we should have an automatic right on it because we were born here? Or are you saying that we should have rules around it etc
@@JamieYork Freedom to live anywhere you choose when there is not enough. Sadly heritage seems better than the alternatives.
Many wealthy individuals have already fled the UK for countries such as France, Switzerland, the US, Canada, UAE, Singapore, and Australia. This trend will strain the UK economy in the coming years. There isn't going to be any rich people remaining to tax so everyone else will get taxed more instead.
Under Starmer's leadership, economic challenges resembling those seen under the Tories will continue, including inflation exacerbated by rate cuts, potential layoffs, and increased strikes. Market volatility is likely, reminiscent of the 1970s.
Contrary to some views, I don't believe Starmer is a Tory in disguise. His approach differs from traditional Tory conservatism. Four out of the past five Tory leaders often leaned towards liberal or even leftist in their policies. Advised by Tony Blair, there are concerns that Starmer's tenure could lead to international conflicts and war, and a revival of Blair-era initiatives like ID cards.The Lib-Dems and Reform will probably push back against this but we'll probably have to put pressure on Labour MPs to vote against the government if they decide to do that.
I think Starmer will remain PM for an extended period, with the Reform Party potentially gaining electoral ground. Labour's aggressive pursuit of net-zero goals and expansion of cycle lanes, seemingly driven by global agendas rather than public opinion, could adversely impact the economy and public sentiment. It is not really responsible to encourage people to use one of the most dangerous forms of transport and to be threatening to ban petrol and diesel cars and vans which will lead to more economic uncertainty and chaos. I'm expecting big crashes of the markets in the next 18 months and more black swan events.
@@johnmknox a well reasoned argument and well presented, I don’t think that Kier will increase taxes on income. Increasing taxes on Capital Gains , might be an option. Perhaps it is time to tax capital gains at source country when the money is earned rather than the country where you live. The USA already has a form of this by making US citizens pay taxes if they live abroad. It’s why Boris gave up his citizenship. At some point wealth needs to be taxed, especially when Ai and robots replace workers.
WEF drive chain.
why should the rich help the poor ? If you want to donate to charity then go for it ... but why am I forced to hand over my money
Just leave the market alone to sort itself out. Sick of this shit.
Who’s that aimed at?
@JamieYork Labour, Tories, and party that wants to bring in stimulus to the market.
@@TasmanianDevil22to be honest if e wait too long the market may get significantly worse. We also need to think about the generations ready to leave home & wanting to start families. If we delay that then you fuck up the future generations. Also let's not kid ourselves looking at the housing market rent & mortgages it's getting harder for people on low to middle incomes to survive which will have a knock on effect on the overall economy as well
@Emperor-Inker I am not saying don't build social homes, I am all for it, and welcome it, in fact. I am saying stop using tax payers money to prop the market up. It is affecting people's ability to live and are just prisoners in their own homes.
That's what they did in 1929...
Bullshit 😂 building companies wont let this to happen😂
😂😂😂
If you earning too much in property knowing the trading secrets of proper industry, what makes you sell property courses aka your trade secret, no one shares there trade secret, selling courses should be a waste of your time? 😂
He probably makes a lot more money by selling courses? What other reason could there be?
To clarify… I’m not selling a course… I build portfolios for investors. Hence the call to action. I give away the courses for free and only charge for implementation.
Saying that I do make money from education also. Around 20% of my income
@@JamieYork well done 👍🏻
Clickbait.
The team did great with the thumbnail and title! :) (hence the fun they had with the brackets :P )
Majority of people who didn't want to vote for the Conservatives this time round, voted for Labour out of spite - a bit like the people who voted to stay in the EU for their personal reasons and not the best inerests of the country
Reform will come true and time will tell
Agreed. I’m not big on garage personally, but he seems like the most logical choice right now!
you dont understand how the world works
No doubt that is true
If the blind lead the blind they will both fall into a ditch.
😂👍
Surely if it's your property then you can do what you want with it. Otherwise it's not really yours. It may be the tenants "home2 but it's my "house". That should always trump the tenant
It does is many ways, but tenants should definitely have protection in my opinion
Problem with British politics and society is that people in power are absolutely obsessed with subsidising the least productive in society at the expense of the most productive.
When you work too hard and earn money they tax you hard, we’ve reached a point where you’re better off on benefits than a low paying job.
I know someone who quit his job as a healthcare assistant in the NHS to claim dole. He was only £60 better off in the NHS, he said that he’s happy anyway because that £60 went on petrol and food, now he has unlimited time to go to the gym and play Xbox
This guys talking 💩
I’m sharing the stats and my opinion. You don’t have to agree with it
Landlords provide housing in the same way ticket touts provide entertainment
You are chatting shit. Your property going down in value doesn't mean you'll go and buy lower value properties after...
Also you being forced to sell the property because the costs are too high is great as it increases the supply of housing which drives house prices back down to earth.
..........oh I see, so the people who are forced to sell their property are just going to live in tents instead?
Decallion… that’s just not how economics works. We need more supply put into the market. Nothing else will drive down prices
People need places to live, whether that’s through rental or ownership. There’s just not enough
can you just stop flogging your wares?
Why would I if it aligns and I think I can add value to others?
Should have voted Reform. Reduce the number of people in the country.
There wouldn't be as high a demand for housing.
Employee's wages would increase, that would allow to spend and save more.
Cheap labour is keeping the working class poor while foreigners are happy to work for peanuts as they send the money back to their homeland for their family who become wealthy in their own country. The system is absolutely corrupt against British workers.
migranst were also hit by the cost of leaving crisis. As there are no good options to invest in the UK of courses will choose to invest in their homelands.
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?TH-camOrganic and fill in your details, and a member of my team will be in touch! 😊