Is the housing market transitioning to a sellers market?

...this wont be solved anytime soon, its been allowed to fester for so long, theres no easy and quick solutions, this is very likely to proceed into the next decade.....

Ahh will ya stop. You don't have to look very far past any of our TD landlords to find them hoovering up any properties they can in order to lease them back to the councils that their buddies are on.

Wild accusation and still doesn't address what they allegedly changed is to aid small landlords. You can add yourself to the people who can't prove a often repeated claim. not even a vague accusation of change to laws

I personally think we have gone too far already. I just dont see a way back. They could go all out and try to get current landlords to stay as that is their only hope. And that would take some massive tax reduction, like nearly cut the tax out altogether, but also some sort of guarantee that someone can get out of the market if its not working out for them that cant be reneged on (I dont believe they will ever get the ones who have left back, or get very many new ones to enter the market).

I think we are here because they interfered in a normal market, made it worse and then kept making it worse rather than fixing what they did to it each time with new legislation. Nobody wants to be caught holding when the state finally filly take over private property. They are nearly there now anyway.

Never going to work a lot of people buy a house with the idea of also leaving something behind for their kids so I cant see how this will work as there are no options for Granny to move into studio apartment's and if any government did this it would be challenged its bad enough landlords cant access their property and now you want people in their old age turfed out of their own house. This is crazy I appreciate people who are younger are having a hard time getting on the ladder but its not the fault of those who own their own house, these people in a lot of cases have worked their entire life and struggled and paid off a huge mortgage to have the house and now you want them frog-marched into a non-existent apartment?? Any government bringing this in will be gone the blue rinse brigade are the ones who always vote.

Fair enough I have just pointed out why it will never happen.

As my mother always said, 'fools and their money are easily parted'.

Not only would this force a challenge that the gov would lose which is the main reason for the eviction ban being lifted there would also be a huge implication for investment inward to the country why would you buy anything or set up anything if it can be taken at the whim of the government of the day.

Looks like even the REITs are trying to cover themselves now against the chances of getting a bad tenant.

I just a few minutes ago heard a new one that I have never heard of before form a colleague.

After a few weeks searching himself and his girlfriend and found an apartment.

Among everything else they have sent, the agency (I think its a REIT owned property) has asked them to provide a statutory declaration that they have never overheld (if thats even a word) and have always paid rent on time in any property that either of them have ever rented.

I was aware that people were being asked for bank statements, refs etc. Even refs from 3 previous landlords, but this one is new.

And that’s the high risk of over holding you don’t hear talked about, you’ll never rent another place again if you engage with it

No idea. Dont know the ins and outs of it. Never heard of it before. But im thinking its propbably the same type of declaration that a landlord has to give when they give notice to a tenant when they want to sell. Dont know what the consequences of lying are for a tenant on it.

I know landlords are looking for previous landlords references no, not just someones current landlord. Because their current landlord would lie for them to get them out. So better asking the previous one who already has them gone what he/she thinks of them for the truth.

I think it's about 5% of over-65s are currently receiving long-term care. This is very different from "will I ever have to receive long-term care?" which has to be considered from an actuarial perspective. As you age you will either die, or your odds of receiving long-term care will rise dramatically

For sellers - to do what with the money?

dont hold cash