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Wednesday, October 20, 2010

The elephant in the room?

Now I've heard landlords called alot of things in my time.

Apparently, we are now the 'Elephant in the room' according to this planning blogger.

What is he on? Talk about the pot calling the kettle black?

He is indirectly blaming landlords for keeping the price of houses artificially high and thwarting an army of home owners.

I would point out that:

1. a small number of landlord purchasers has negligable impact on prices.

2. the most significant factor to lack of purchases is lack of finance and lack of new buyer able or willing to take on more debt.

3. landlords are taking on the risk and costs of further house price falls.

The real elephant in the room my friend is the planning system that fails to release sufficient land and grant permission for enough houses to increase supply to the levels we need!

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