Comments on: And We Were Doing So Well… http://timworstall.com/2008/01/03/and-we-were-doing-so-well/ It is all obvious or trivial except... Wed, 23 May 2012 16:49:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Monty http://timworstall.com/2008/01/03/and-we-were-doing-so-well/comment-page-1/#comment-4949 Monty Thu, 03 Jan 2008 20:45:48 +0000 http://timworstall.com/2008/01/03/and-we-were-doing-so-well/#comment-4949 I think the market would try to react to regulation by reducing the rental stock, but I think new legislation means that any empty property can be comandeered by local authorities after 6 months, and used for social housing, regardless of the owners wishes. So that would be a massive incentive for landlords to sell up and get out of the rental sector altogether. They aren't going to stay in a market like that. I think the market would try to react to regulation by reducing the rental stock, but I think new legislation means that any empty property can be comandeered by local authorities after 6 months, and used for social housing, regardless of the owners wishes. So that would be a massive incentive for landlords to sell up and get out of the rental sector altogether. They aren’t going to stay in a market like that.

]]> By: Mark Wadsworth http://timworstall.com/2008/01/03/and-we-were-doing-so-well/comment-page-1/#comment-4934 Mark Wadsworth Thu, 03 Jan 2008 10:13:38 +0000 http://timworstall.com/2008/01/03/and-we-were-doing-so-well/#comment-4934 Land Value Tax, that'll sort it all out (Jock was too polite to bang the LVT drum this time, so I will instead). It'd encourage more efficient use of land as well as creaming off excessive profits from land value speculation. So no further regulations required and existing ones can be largely scrapped (HMO, anybody?). Land Value Tax, that’ll sort it all out (Jock was too polite to bang the LVT drum this time, so I will instead). It’d encourage more efficient use of land as well as creaming off excessive profits from land value speculation. So no further regulations required and existing ones can be largely scrapped (HMO, anybody?).

]]> By: Jock http://timworstall.com/2008/01/03/and-we-were-doing-so-well/comment-page-1/#comment-4932 Jock Thu, 03 Jan 2008 09:35:25 +0000 http://timworstall.com/2008/01/03/and-we-were-doing-so-well/#comment-4932 We've had this one previously though Tim - the market is so broken in Oxford (and the private rented market running at twice the average proportion of all housing in the country) that they can and do get away with real shite at the fringes of the private rental market which people not terribly well equipped to counter (mostly youngsters in a "strange" city) are left with little alternative than to accept. I <a href="http://www.jockcoats.org.uk/landlord_licensing" rel="nofollow">would not do it</a> the way the city council wants to do it of course. And goodness knows over the years I've tried to get a number of schemes off the ground to get concerted efforts by tenants working for mutual benefit to reject the worst housing in the market without much success. We’ve had this one previously though Tim – the market is so broken in Oxford (and the private rented market running at twice the average proportion of all housing in the country) that they can and do get away with real shite at the fringes of the private rental market which people not terribly well equipped to counter (mostly youngsters in a “strange” city) are left with little alternative than to accept.

I would not do it the way the city council wants to do it of course. And goodness knows over the years I’ve tried to get a number of schemes off the ground to get concerted efforts by tenants working for mutual benefit to reject the worst housing in the market without much success.

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