There's a huge new migrant issue unfolding. So why isn't there any real debate about THIS one?

[pi3141]

There's a huge new migrant issue unfolding. So why isn't there any real debate about THIS one?

 

By STEPHEN GLOVER FOR THE DAILY MAIL

PUBLISHED: 01:13, 30 June 2022

 

Some extraordinary figures about population growth were published on Tuesday by the Office for National Statistics, though they attracted very little comment from the BBC or much of the mainstream media.

 

snip

 

Should we be surprised by the dire shortage of houses when, according to the excellent MigrationWatch whose forensic analysis is unparalleled, at least half the demand for new homes is accounted for by immigration?

 

snip

 

What strikes me as odd is that there has been almost no public discussion about apparently soaring levels of legal immigration, given that before the EU referendum in 2016 there was so much agonising over the issue.

 

Link - https://www.dailymail.co.uk/debate/article-10967425/STEPHEN-GLOVER-Theres-huge-new-migrant-issue-unfolding-isnt-debate-it.html

 

 

Mass immigration is putting huge pressure on our Education and Health services and driving up Rents and House prices (and crime rates) creating a Bubble which we are all paying for.  The 'Buy to Let' Landlords are making a fortune out of this at the expense of normal families ability to afford housing. I've been saying for years we are due a crash but it just isn't happening - yet. Possibly they are waiting for us all to be over-leveraged and holding unsustainable debts before they crash the system again.

 

I don't know, there should have been a House price crash years ago to level it up but the BofE and Govt frigged the system to prevent it - I think they made it worse. Now I wonder if it was planned to get us all into huge debt so we become debt slaves after the next crash or rather bankrupt Serfs. I guess we shall see.

 

I do think they have used immigration as a weapon against us and I was appalled to See the Right Dishonourable Snake - Tony Blair import cheap foreign labour to undermine our workers when he was in power. (Foreign Nurses) At which point I stopped voting Labour, they sold out the common folk who put them in power. I'll never vote Labour again after Blair and Brown f*cked the country up. 

 

On top of that they went out of their way to increase immigration as much as they could

 

Final salary pensions? Not anymore after G Brown messed up the Pension sector with his meddling - 

 

Booming stock markets in the 1990s led to even fatter pension fund surpluses and this proved an irresistible target for the Blairite government that came to power in 1997. The chancellor, Gordon Brown, abolished substantial tax relief on dividends that pension funds received on their investments.

The financial effect of this tax snatch was colossal. It was estimated that the loss of this tax relief had extracted, in total, over £118 billion of income by 2014.

 

Link - https://theconversation.com/britains-great-pension-robbery-why-the-defined-benefits-gold-standard-is-a-luxury-of-the-past-100844#:~:text=The chancellor%2C Gordon Brown%2C abolished,billion of income by 2014.

 

 

They've been making us poorer in many ways and using cheap foreign workers to undermine UK workers, all started by Blair. This influx of immigrants has fuelled a Buy to Let boom which has gone on to push up House prices beyond normal affordability. Its affecting our economy in a bad way.

[Nefaria]

1 hour ago, pi3141 said:

This influx of immigrants has fuelled a Buy to Let boom which has gone on to push up House prices beyond normal affordability.

Housing prices would still be going up without immigration.  Wealthy people are to blame for it not immigrants, they are the ones buying up multiple properties to rent out at extortionate prices, creating a  shortage of affordable housing for people who just want to buy their first home. 

 

You are quoting from the Daily Mail, a rag that prints out propaganda for the elites, they want to keep everyone divided so ordinary people are blind to those in power who are shafting everyone.

[pi3141]

9 minutes ago, Nefaria said:

Housing prices would still be going up without immigration.  Wealthy people are to blame for it not immigrants, they are the ones buying up multiple properties to rent out at extortionate prices, creating a  shortage of affordable housing for people who just want to buy their first home. 

 

House prices would have tracked affordability and be susceptible to market forces, something else is going on.

 

Yes the rich are buying up property and who are they renting out to - there's only so many renters in a society - unless you import a load more.

 

The buy to let and rental market is being fuelled by imigration. The rich are profiting from it and so are many 'entrepeneurs' jumping on the bandwagon.

[Nefaria]

36 minutes ago, pi3141 said:

there's only so many renters in a society

I take it you were lucky enough to obtain a mortgage and afford to buy your own home, probably down south in a nice middle class area alongside other private home owners?  Renting is becoming the norm in a lot of places as more and more housing is bought up and banks are reluctant to give people mortgages without massive deposits made on properties.

 

"Market forces" make everything nice and equal don't they?

[k_j_evans]

4 hours ago, pi3141 said:

There's a huge new migrant issue unfolding. So why isn't there any real debate about THIS one?

 

By STEPHEN GLOVER FOR THE DAILY MAIL

PUBLISHED: 01:13, 30 June 2022

 

...

 

I don't know, there should have been a House price crash years ago to level it up but the BofE and Govt frigged the system to prevent it - I think they made it worse. Now I wonder if it was planned to get us all into huge debt so we become debt slaves after the next crash or rather bankrupt Serfs. I guess we shall see..

Did you not notice the huge house price crash about 10 years ago which has never bounced back. House prices are way lower now than they were in 2007/8, for example. There is a shortage of housing for rent as "charities" like Shelter (who have never housed anyone) have lobbied government to make the private rental sector uneconomic for anyone except big corporations (tax, impossible regulations etc), causing smaller private landlords to sell up, while insisting on right to buy in the public/social housing sector so there are fewer homes to rent. Private landlords (except big companies) are not making money - most of them are getting out.

[Tinfoil Hat]

You're right K. J. Even recently I read about taxation to private landlords increasing as well as new reg's making it harder for them to evict tenants who are in arrears.

 

Everything, as usual, is geared in favour of the wealthy and young people in particular are left up Shit Creek without a paddle.

[Itsjaybigjay]

1 hour ago, k_j_evans said:

Did you not notice the huge house price crash about 10 years ago which has never bounced back. House prices are way lower now than they were in 2007/8, for example. There is a shortage of housing for rent as "charities" like Shelter (who have never housed anyone) have lobbied government to make the private rental sector uneconomic for anyone except big corporations (tax, impossible regulations etc), causing smaller private landlords to sell up, while insisting on right to buy in the public/social housing sector so there are fewer homes to rent. Private landlords (except big companies) are not making money - most of them are getting out.

Bang on. I am a small private land lord with a couple of properties out on rent. and the red tape is now insane, one property i didn't receive any rent all through the lockdown and couldn't evict them so the tenant is now in arrears for £5000 which I'm unlikely to ever see. I'm now considering as the rental agreements expire not renewing them and selling the properties and put the money into something else probably more gold.

[Tinfoil Hat]

4 minutes ago, Itsjaybigjay said:

Bang on. I am a small private land lord with a couple of properties out on rent. and the red tape is now insane, one property i didn't receive any rent all through the lockdown and couldn't evict them so the tenant is now in arrears for £5000 which I'm unlikely to ever see. I'm now considering as the rental agreements expire not renewing them and selling the properties and put the money into something else probably more gold.

And where a property or 2 is pin money to the rich, it can be the only source of income to someone who, for example, has worked hard in their early years but can no longer work due to health problems, or someone who bought rental properties as a way of supporting themselves in old age instead of trusting to pensions which may have just vanished by the time you're old enough to draw on them. But they'll still take a wedge of the tax off you when you sell up. 

[k_j_evans]

5 hours ago, Itsjaybigjay said:

Bang on. I am a small private land lord with a couple of properties out on rent. and the red tape is now insane, one property i didn't receive any rent all through the lockdown and couldn't evict them so the tenant is now in arrears for £5000 which I'm unlikely to ever see. I'm now considering as the rental agreements expire not renewing them and selling the properties and put the money into something else probably more gold.

5 hours ago, Tinfoil Hat said:

And where a property or 2 is pin money to the rich, it can be the only source of income to someone who, for example, has worked hard in their early years but can no longer work due to health problems, or someone who bought rental properties as a way of supporting themselves in old age instead of trusting to pensions which may have just vanished by the time you're old enough to draw on them. But they'll still take a wedge of the tax off you when you sell up. 

 

Well, they probably won't take much tax as prices have fallen so you are not going to pay much, if any, CGT - the problem will be getting a good enough price to pay off the mortgages (if there are any) and, of course the court costs of getting the tenants out. Better to cut your losses if tenants are broke and do Section 21 while it still exists as it's way cheaper and quicker (usually) than Section 8

[Tinfoil Hat]

1 hour ago, k_j_evans said:

Well, they probably won't take much tax as prices have fallen so you are not going to pay much, if any, CGT - the problem will be getting a good enough price to pay off the mortgages (if there are any) and, of course the court costs of getting the tenants out. Better to cut your losses if tenants are broke and do Section 21 while it still exists as it's way cheaper and quicker (usually) than Section 8

 

I dunno, minimum is  still 18% tax on any profit for residential property. It's a sizeable chunk, and especially if it was your retirement plan. Everybody's getting poorer except the rich who are invariably getting richer. 

[pi3141]

10 hours ago, Nefaria said:

I take it you were lucky enough to obtain a mortgage and afford to buy your own home, probably down south in a nice middle class area alongside other private home owners?  

 

No. I come from a deprived background, put myself through College and Uni as a mature student while working as a cab driver and on the student loan, ended up hugely in debt in a lowish paid job and never managed to get on property ladder.

 

Blimey, a lot of people like to make assumptions about posters on here don't they?

 

I seem to be getting a lot of that.

[pi3141]

9 hours ago, k_j_evans said:

Did you not notice the huge house price crash about 10 years ago which has never bounced back. 

 

No I must of missed that, as far as I am aware, there was suppposed to have been a crash but instead of raising interest rates they did the unthinkable in a so called Free Market and dropped the interest rates to prop up the market snd stop it from crashing. 

 

Then with cheap mortgages available for last 10 years  house prices have continued to rise rather than reduce.

 

I've been waiting for a crash for 20 years. I haven't seen one.

 

Are you saying house prices have ben declining in you area for last 10-15 years?

 

The house I've been renting in the Midlands has increased in value by 25% in last 10 years and I still can't afford to buy it. So no, I don't think houses are more affordable now.

Edited June 30, 2022 by pi3141

[Nefaria]

12 minutes ago, pi3141 said:

 

No. I come from a deprived background, put myself through College and Uni as a mature student while working as a cab driver and on the student loan, ended up hugely in debt in a lowish paid job and never managed to get on property ladder.

 

Blimey, a lot of people like to make assumptions about posters on here don't they?

 

I seem to be getting a lot of that.

And the reason you aren't able to get on the property ladder isn't because of immigrants, it's corporations and rich individuals buying up all the properties.  Builders (some of them are the same corporations) are also charging a fortune for a new home too.  The system favours the rich, like everything else and they don't want you to see that, they want you to blame immigrants or your fellow working class.

[pi3141]

1 minute ago, Nefaria said:

And the reason you aren't able to get on the property ladder isn't because of immigrants, 

 

There are several factors why, huge student debt and low wages being the most relevant to me. Plus house prices have increased at a rate not matched by wage inflation.

 

Immigration is one of the causes pushing up house prices.

 

I didn't say immigration was the only factor.

 

Your twisting my post. 

 

Now you've made inaccurate assumptions about me and misrepresented my position.

 

Hmmm. Wonder why.

[Grumpy Owl]

37 minutes ago, Nefaria said:

And the reason you aren't able to get on the property ladder isn't because of immigrants, it's corporations and rich individuals buying up all the properties.  Builders (some of them are the same corporations) are also charging a fortune for a new home too.  The system favours the rich, like everything else and they don't want you to see that, they want you to blame immigrants or your fellow working class.

 

Corporations and 'rich individuals' are buying up properties as they become available, so that they can then rent them out and make money.

 

Who are they renting them to? Umm, mainly immigrants. Either through new arrivals to this country paying their rent through gainful employment.

 

Or more worryingly, renting them out to those immigrants arriving in this country who have no gainful employment, for whom the government and local authorities are paying the rent on their behalf.

 

Houses get bought up and converted into HMOs - 'traditional' 3 to 5 bed family homes become flats, and then suddenly there is a shortage of decent family-sized homes.

 

Any 'new homes' that get built, soon get snapped up by landlords, who know they can claim a handsome reward from local councils for housing large immigrant families.

 

And lets face it, most of these 'new builds' are over-priced cheap junk.

 

I can't get on the property ladder because I am a single person, I don't have a huge amount of savings, and because of my age I can't get a lengthy mortgage.

 

Any properties that do get advertised within my (current) budget, are either shitholes, or are only being offered to 'cash-buyers' (ie investors), or are simply not in a convenient location for me at this time.

 

Immigration is creating a huge demand for properties, there is no denying that, and yes it is the cash-rich investors who are buying properties in order to take full advantage for their own financial benefit.

 

[Nefaria]

Whether it's immigration or not, it's those in charge that are to blame for lack of affordable housing.  They don't give a shit about working class people struggling, the MPs are okay, they have multiple properties. The establishment of the UK needs bringing down, fast.

[k_j_evans]

20 hours ago, Tinfoil Hat said:

 

I dunno, minimum is  still 18% tax on any profit for residential property. It's a sizeable chunk, and especially if it was your retirement plan. Everybody's getting poorer except the rich who are invariably getting richer. 

The last one I sold was a 50,000 CGT LOSS, so no CGT tax for me for the rest of my life. Unless you are selling in an affluent area of the SE, you are unlikely to make a profit (unless you bought before 2000). Remember the profit takes into account fees for setting up mortgage, conveyancing and solicitor's fees for purchase and sale

[k_j_evans]

18 hours ago, Grumpy Owl said:

 

Corporations and 'rich individuals' are buying up properties as they become available, so that they can then rent them out and make money.

 

Who are they renting them to? Umm, mainly immigrants. Either through new arrivals to this country paying their rent through gainful employment.

 

Or more worryingly, renting them out to those immigrants arriving in this country who have no gainful employment, for whom the government and local authorities are paying the rent on their behalf.

 

Houses get bought up and converted into HMOs - 'traditional' 3 to 5 bed family homes become flats, and then suddenly there is a shortage of decent family-sized homes.

 

Any 'new homes' that get built, soon get snapped up by landlords, who know they can claim a handsome reward from local councils for housing large immigrant families.

 

And lets face it, most of these 'new builds' are over-priced cheap junk.

 

I can't get on the property ladder because I am a single person, I don't have a huge amount of savings, and because of my age I can't get a lengthy mortgage.

 

Any properties that do get advertised within my (current) budget, are either shitholes, or are only being offered to 'cash-buyers' (ie investors), or are simply not in a convenient location for me at this time.

 

Immigration is creating a huge demand for properties, there is no denying that, and yes it is the cash-rich investors who are buying properties in order to take full advantage for their own financial benefit.

 

You can easily buy a 2-3 bed property for 40-50 grand here. A lot less if you don't mind a shitty area

[Tinfoil Hat]

35 minutes ago, k_j_evans said:

The last one I sold was a 50,000 CGT LOSS, so no CGT tax for me for the rest of my life. Unless you are selling in an affluent area of the SE, you are unlikely to make a profit (unless you bought before 2000). Remember the profit takes into account fees for setting up mortgage, conveyancing and solicitor's fees for purchase and sale

Wow! Do they carry that loss forward to future transaction figures do you know? If they do, that'll be the 1st fair thing I've heard of them doing. Or do they just calculate based on a particular year's income? (Just curious, as I'm highly unlikely to ever be in a position to buy a 2nd property - up to my hilt on a mortgage based on my meagre income and elderlyness). 

 

[bamboozooka]

house prices have gone thro the roof since the virus.

there are only a quarter of the properties for sale as pre 2020

ppl are not getting mortgages as they dont know if they will have a job in a years time

ppl are not upsizing as the prices mean bigger remortgages

in reality estate agents should be closing down all over the place but they are not.

 

my house in 8 years has doubled in value

[k_j_evans]

1 hour ago, bamboozooka said:

house prices have gone thro the roof since the virus.

there are only a quarter of the properties for sale as pre 2020

ppl are not getting mortgages as they dont know if they will have a job in a years time

ppl are not upsizing as the prices mean bigger remortgages

in reality estate agents should be closing down all over the place but they are not.

 

my house in 8 years has doubled in value

All mine have dropped by about 30% over the last 10 years

[k_j_evans]

1 hour ago, Tinfoil Hat said:

Wow! Do they carry that loss forward to future transaction figures do you know? If they do, that'll be the 1st fair thing I've heard of them doing. Or do they just calculate based on a particular year's income? (Just curious, as I'm highly unlikely to ever be in a position to buy a 2nd property - up to my hilt on a mortgage based on my meagre income and elderlyness). 

 

CGT losses on self assessment return are carried forward for ever - but only against future CGT gains (not income tax)

[Grumpy Owl]

4 hours ago, k_j_evans said:

You can easily buy a 2-3 bed property for 40-50 grand here. A lot less if you don't mind a shitty area

 

Where do you live?

[wolfpavek1]

In 2008 the market collapsed because banks were lending at 9 times income multiples.

Then it dropped back to 4 times 

The default insurance you pay within your deposit is paid so the bank can use your promissory note to raise 100 times your deposit 

Yes it's Fiat money but the banks are now trying to raise the multiple back to 7to 9times income 

 

Our housing is based on a huge Ponzi scheme.

Which is going to be the next northern rock

[Mikhail Liebestein]

On 6/30/2022 at 8:27 AM, Nefaria said:

I take it you were lucky enough to obtain a mortgage and afford to buy your own home, probably down south in a nice middle class area alongside other private home owners?  Renting is becoming the norm in a lot of places as more and more housing is bought up and banks are reluctant to give people mortgages without massive deposits made on properties.

 

"Market forces" make everything nice and equal don't they?

 

You should visit https://www.housepricecrash.co.uk/ lots of talk on the subject there.