rent control

Hit play to dive into your October Market Update – that time of the month where Rob & Rob cover the hottest stories and key information that you need to know about as a property investor.  

• (1:05) House prices - what’s happening? 
• (2:30) Mortgage news 
• (5:16) Rent talk  
• (8:14) Rob’s rant: HS2  
• (10:34) Damp and mould - new Government guidance 
• (12:00) EPC rules scrapped  
• (12:24) Renters Reform Bill 
• (12:50) New York ban Airbnb - is more to come? 
• (14:50) Hub Extra 

Links mentioned: 

• Silent property crash 
• Damp and mould guidelines 

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A Level Politics could easily be renamed A Level current affairs. It’s a live subject and as Politics students you need to use updated examples and explain their significance. This can be hard, especially around revision time when you have got your heads in your books, and class notes going back 18 months, visiting examples that perhaps were current at the time, only to be told by someone somewhere that your examples are out of date. Likewise, you might get news alerts on your phone about this minister or that scandal or that protest, but the sheer number of moving parts can seem overwhelming at times, especially in these febrile times. 

Don’t worry though, The Level Politics  Show is here to help, with the release of E.G.4Me. I’m hoping that about once a week, I’ll release a brief episode of no more than five minutes long (I promise it won’t be more than that!) going through a specific UK or US news story that has recently broken. Each EG4Me episode will explain what happened, what does it all mean, and, most importantly, how you use the example for different essay questions.

I'm giving away this first episode for free. If you like what you hear, then why not subscribe the Plus Plus Plus! For just £1.99 per month, you will receive TWO additional full-length episodes per month that will automatically appear in your podcast feed as soon as they become available. You'll also get access to the full back catalogue of A Level Politics Show podcasts. Oh, and of course, every future release of E.G.4Me! Furthermore, you can cancel anytime - no obligations and no hidden costs. Just lots of learning. Click⁠⁠⁠ here⁠⁠⁠ to get started.

On today's E.G.4Me: Housing campaigners welcome ban on no-fault evictions. For more about Acorn, the pressure group detailed in this show, click here.

For the most part, being a landlord, particularly in a major city, has been a good business to be in. Rents historically just go up — as do property prices. And there are multiple other ways to make money, as well. Plus, historically, politicians didn’t care much about the rights of renters, focusing much more on the concerns of homeowners. But the politics might be changing. And if the politics are changing, then the economics may change, too. On this episode of the podcast, we speak with Ben Carlos Thypin, a residential and commercial landlord in New York City, who tells us the golden age of being a landlord is over and why he plans to get out of residential real estate completely.

See omnystudio.com/listener for privacy information.

President Biden announces a new effort to bring what he calls “fairness” to renters across the country, tobacco becomes more restricted while access to marijuana becomes more common, China has exponentially increased its ownership of U.S. farmland, and former President Trump Facebook account is reinstated. Get the facts first on Morning Wire. 

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On this week’s episode of Ask Rob & Rob the guys are trying to look into the future to answer this week’s two questions. 

First up we’ve got Sarah. 

Sarah and her family live abroad but have one rental property here in the UK. 

She needs to re-mortgage the property at the end of this year and has been given the option of a 5-year fixed mortgage. Sarah wants to also release some equity from the property to take the LTV up to 75%. 

However, she’s trying to run some numbers to see if it will be beneficial. She’s going off the basis of a 5% growth on property prices each year and then a 25% drop when the market crashes. 

If Sarah goes ff these numbers, in five years when the fixed rate ends the house won't be a profitable and she may be unable to re-mortgage, due to being an expat.  

So, are these the right figures that Sarah should be working off? 

Our second question is from Michael. 

He’s wanting to know if it’s likely that the government will introduce a rental cap now that there’s a ban on section 21 eviction notices. 

He’s already seen it come into play in Ireland where you can only increase your rents by 2% per year, unless you can prove you’ve done substantial work to the property to justify a significant increase. 

There’s plenty to get through today so tune in to find out what they say. 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

Or if you prefer, click here to leave a recording via your computer instead. 

The next question on Ask Rob & Rob could be yours.  

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. 

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As cities become ever-more expensive, politicians and housing advocates keep calling for rent control. Economists think that’s a terrible idea. They say it helps a small (albeit noisy) group of renters, but keeps overall rents artificially high by disincentivizing new construction. So what happens next?