Codpiece@feddit.uk to United Kingdom@feddit.ukEnglish · 8 days agoLandlords quitting “in droves” since Renters’ Rights Actthenegotiator.co.ukexternal-linkmessage-square14linkfedilinkarrow-up187arrow-down11 cross-posted to: [email protected]
arrow-up186arrow-down1external-linkLandlords quitting “in droves” since Renters’ Rights Actthenegotiator.co.ukCodpiece@feddit.uk to United Kingdom@feddit.ukEnglish · 8 days agomessage-square14linkfedilink cross-posted to: [email protected]
minus-squareundu@discuss.tchncs.delinkfedilinkEnglisharrow-up28arrow-down1·8 days agoThis mean that house prices will fall since fewer buyers will be interested. The question is whether the houses will be gobbled up by private equity or will be allowed to fall down enough for more people to start buying houses to live in
minus-squaredjdarren@piefed.sociallinkfedilinkEnglisharrow-up10·8 days agoNah, the houses will be bought by investment firms. Rent prices ain’t going anywhere. weeps
minus-squareKhanzarate@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·8 days agoOnly if those firms smell a profit, which apparently means selling them, rather than renting them. Unused property makes no money. I see hope, but likely the government will need to continue to support this.
minus-squareNighed@feddit.uklinkfedilinkEnglisharrow-up5·8 days agoThere was a short term burst of 1/2 bed houses on the market. It’s mostly worked through now. Source: I want to move house.
This mean that house prices will fall since fewer buyers will be interested. The question is whether the houses will be gobbled up by private equity or will be allowed to fall down enough for more people to start buying houses to live in
Nah, the houses will be bought by investment firms. Rent prices ain’t going anywhere.
weeps
Only if those firms smell a profit, which apparently means selling them, rather than renting them.
Unused property makes no money.
I see hope, but likely the government will need to continue to support this.
There was a short term burst of 1/2 bed houses on the market. It’s mostly worked through now.
Source: I want to move house.