Good! Property prices need to average 250k max to become sustainable

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

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.

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.

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.

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.

Let’s hope so then we can turn our attention to more productive areas of the economy

Thanks for this!

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.

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.

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 .

Agree with all this. Nice one.

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.

Thank you for sharing such essential information for the property.

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

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.

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!

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 ?

You should be our housing minister

Thanks for sharing JY

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.

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 your right about cgt but it also stops investors getting greedy and buying a billion properties eating up the supply in the first place.

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

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.

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

What about the EPC ratings, do we predict they will be enforced to a C again?

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?

Lol . Plain English . No nonsense! Thanks Jamie

Thanks good get prices down overinflated prices anyway

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.

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.

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 👍

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%

Agree 100%. Tories killed BTL and IT Contracting...

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.

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.

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 ?

Will they reduce net migration?

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.

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.

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.

Jamie! Your advert is interrupting the video 😂

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.

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

Education

APG

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

Rishi doesnt want to be a War Prime Minister He's off to his hide out

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% 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.

Hopefully house prices will fall so that my kids can afford to buy one.

Thanks good labours won 🏆 !

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.

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

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.

Apg?

Down with the property ponzi...

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,

🇬🇧 the establishment's cash cow to simplify 🇬🇧👑33.

Capital gains is only being increased for non doms!

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.

I voted for independent

Scaremongering nonsense. Liz Truss is what broke it

Kier still got fewer votes than JC, who would have been gift to greater society

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.

s302 Jet?

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.

WEF rental you will own nothing and be happy 😂

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

Populatiòn increases, prices of assets come down.

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

Apg

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.

The gravy train will soon be over 🤣😂 bring in rent controls 🎉

apg

YOU 'guessed' 18%.

Bullshit 😂 building companies wont let this to happen😂

As long as you purchase the properties the same way as rich folk do you'll be ok.

The plantation continues

15 million immigrants and not enough land to grow food this mess is the answer?

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

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? 😂

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.

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

Clickbait.

you dont understand how the world works

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

😂😂😂

Landlords provide housing in the same way ticket touts provide entertainment

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

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.

This guys talking 💩

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.

can you just stop flogging your wares?

APG