General Election 8th June – Who on earth do landlords vote for?

As far as this election goes,

The media and certain politicians have a "narrative" against us as a group.

The worst are the greens and specifically Jeremy Corbyn.
He has repeatedly accused us of costing £billions and being bad news for the country.

If he wins, brace yourself for the worse.

The Conservatives appear to want to lose anyway, their campaign has been dreadful, but I can see their appeal, if only to stop Corbyn.

The greens have a pathological hatred of landlords, but I haven't fathomed out why yet.

I have had to deal with 4 tenants in the last 10 days who are hooked on marijuana and in severe rent arrears.
So my opinion of the Lib Dems isn't very good, because they are a bunch of idiots and are as 'democratic' as a rattlesnake.

I've made my thoughts on UKIP well known, so I won't harp on.

Some good news may be around the corner, if it's true.

On Wednesday I was in Tunbridge Wells at a meeting with a couple of Landlords from Australia, who told us that a Section 24 type policy had been introduced there, it lasted 2 years and had been dropped because the supply of rented houses evaporated overnight.

If true, it sort of makes this election more about policy and not Section 24 for Landlords.

I will see what I can find on the internet about it.

Reply to the comment left by "Gary Dully" at "03/06/2017 - 00:50":

Hi Gary. I think it was quite different in Australia and about negative gearing being disallowed, but someone who can remember will be able to clarify. Appalled Landlord wrote a piece on international comparisons some time back and posted it on 118 and much of this was incorporated into my report. If it is the case that it was about negative gearing though, it means once more that in another country a far less extreme measure also caused damage to the market and had to be scrapped (similarly to Ireland).

Reply to the comment left by "Mike D" at "02/06/2017 - 22:58":

Lot of sense spoken there Mike,
Pity its not more ' common '

Just sent the following email to my local incumbent Tory MP - please do likewise:

Dear Andrew,

Regards

And so Financial oblivion begins IF Corbyn Wins next week,
I would predict,
Pound plummets, 10%
Inflation rising to 4-5%
Interest Rates to follow 4-7%
Economy will collapse, recession in 2-3 yrs
EU negotiation botched by weak negotiation and give away's

And so it begins.....
https://www.digitallook.com/news/elections/pound-slips-as-further-poll-shows-labour-closing-gap-on-tories--2703040.html

Reply to the comment left by "Mike D" at "03/06/2017 - 10:04":

I think you're being a bit too pessimistic Mike.
IF (big if) he did get elected, he would be hit by realpolitik before he could implement his more crazy plans. Agree it would be a disaster though.

Section 24 next?

http://www.independent.co.uk/news/uk/politics/tories-housing-policy-u-turn-affordable-homes-general-election-2017-manifesto-a7769866.html

The Conservatives have U-turned on a flagship pledge to build “a new generation” of social housing announced in their manifesto just weeks ago.
Theresa May personally promised her policy would deliver “a constant supply of new homes for social rent”, but her housing minister has now admitted planned homes would in fact be of a significantly less affordable type.
........
Affordable-rent housing, meanwhile, is separately defined, and simply requires homes to be “of no more than 80 per cent of the local market rent” – meaning rents could be considerably higher. In practice, social rent tends to come in at around 40 per cent of market rent, meaning that in some areas the difference in rent could be twice as much.

Reply to the comment left by "Monty Bodkin" at "03/06/2017 - 10:29":

Happy to be Wrong Monty, but i do pride myself on getting things right alot, and i'm in the process of shifting my mortgages to Fixed 5 yrs to insult myself from it.
I've also investigated moving money out of the country to protect the capital base, and in the extreme view go expat to India for 5 yrs.
I correctly predicted our current status from 2001, and made £3k at EU referendum by buying Euro's pre 23rd vote, and won on the collapse of the pound after....Happy to be wrong, but i think i'll be a lot closer to the truth than others to be honest!!

Reply to the comment left by "Monty Bodkin" at "03/06/2017 - 10:29":

No, Monty, unfortunately realpolitik will not apply to the second messiah in his honeymoon period.

His one lesson in life has been a stream of built up resentment of those 'filthy unbelievers' that have held power before him, wearing a Labour rosette and not really been text book socialists.

Even Gordon Brown was available for ridicule, but now we have a Labour membership of hundreds of thousands of deluded, but in pain, foot soilders paying a £3 or £10 membership fee to join.

He now wants to prove his vision will work.
His time is limited and he has a shadow cabinet of "yes, oh great leader" folk surrounding him.

But he is not the one to worry about, it's his puppet masters.

You are going to get socialism with a great big fat intolerant capital S, with knobs on.

Next Friday, Dianne Abbot will become in charge of the Police, immigration control and the Prisons - let' us pray for our salvation.

The following Monday Emily Thornbury will review our armed forces and start dismantling them.

Friday , John McDonnell will become the chancellor with a fully uncosted manifesto of plucked money trees and debt.

What country has ever had a similar political agenda, carried it out and survived?

When interest rates rise all hell will break loose, it would be bad enough under the Tories, but with Labour the country will go bust with unparalleled unemployment in its wake.

Investment Capital will leave the country, leaving behind industrial wastelands.

Apparently, only people earning over £80,000 will pay more, well good luck to that being the truth.

The NHS will crash the public sector economy budgets as everyone on benefits or a public servant gets a pay rise, without a single item of productivity to back it up.

Then when the Tories have to pick up the peices again, we will have austerity like the 1930's, 1970's and 1980's.

Brexit will be so watered down that we might as well just rejoin and hand over everything the country owns, just as Greece has had to do, in pennants.

Reply to the comment left by "Dr Rosalind Beck" at "03/06/2017 - 07:42":

Hello Ros,

Yes, after searching some stuff on Google, I think your right in regards to negative gearing being the Australian issue.

However, I was listening to the BBC World Service after Radio 4 closed last Wednesday night; they appear to have a massive property supply problem there also, that the political classes can't handle.

The Australian couple I mentioned were investing in HMO stock over here, were most enthusiastic about the UK market for opportunities and were very impressed by the U.K. Strategies in property investment.

They said that Corbyn was an unknown quantity, but didn't seem that enthusiastic about investing under his regime, they thought he was a bit simple in the head.

As for Section 24; the strategy suggested on property118.com was highlighted by myself and the Commercial to Residential converting builders hosting the meeting were getting very excited as I mentioned Cotswold Barristers etc.

They had lots of BTL property, but had been told there wasn't a solution, so at least someone got the benefit of my experience of being a member of P118.

The consensus in the room was that section 24 is totally unsustainable in the long term.

So it's got to be Conservative if on a marginal or UKIP in a safe Labour seat.

I'm Warrington North, (Mega safe Labour), so it's still UKIP.

Warrington South is Tory/ Labour marginal, so let's hope the Landlords there know what the difference is between the two sets of policies.