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Showing posts from March, 2021

What Labour’s new housing policy means for you

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If you’re renting It’s likely your rent will go up at the next opportunity. This may or may not be related to the policy changes, since landlords can raise the rent for any reason. Your rent may go up as a result of higher prices for potatoes as well. You didn’t really think that Labour designed this for you, did you? If you’re owning your own home This used to be pretty much the norm for most people over 30 in this country, but now it is considered a weird exception. Just go to an open home and check out how many other potential buyers are looking for a family home. Not many. For you, nothing will change because you will still only own one home. And you can’t sell it because in the time span between the sale going through and you buying another home, prices will have gone up so much that you won’t be able to afford it. So stay where you are and don’t rock the boat. And don’t lose your job.   If you own a rental property Not much will change for you either because you can always recov

What Labour’s new housing policy means for you

Image
If you’re renting It’s likely your rent will go up at the next opportunity. This may or may not be related to the policy changes, since landlords can raise the rent for any reason. Your rent may go up as a result of higher prices for potatoes as well. You didn’t really think that Labour designed this for you, did you? If you’re owning your own home This used to be pretty much the norm for most people over 30 in this country, but now it is considered a weird exception. Just go to an open home and check out how many other potential buyers are looking for a family home. Not many. For you, nothing will change because you will still only own one home. And you can’t sell it because in the time span between the sale going through and you buying another home, prices will have gone up so much that you won’t be able to afford it. So stay where you are and don’t rock the boat. And don’t lose your job.   If you own a rental property Not much will change for you either because you can always rec