tag:blogger.com,1999:blog-1141932539860553199.post4185212670019615214..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: More Mansion Tax Double ThinkMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1141932539860553199.post-38928723029029857262014-12-19T13:11:18.407+00:002014-12-19T13:11:18.407+00:00@ Din
I'm sure they'll try, and in the ve...@ Din<br /><br />I'm sure they'll try, and in the very short term (if the rents are on an upward trajectory anyway) they might succeed. After all the threat of eviction is where the landlord can get a short term advantage.<br /><br />But, in the medium to long term, the market equalises and tenants will be paying exactly the same, Mansion Tax or no Mansion Tax. <br /><br />As Mombers pointed out, rises in interest rates will make the MT look like very small beer. And if rents do track interest rates, it must be very small, as I haven't ever noticed it.<br /><br /> benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-3763497295615453172014-12-19T09:24:16.406+00:002014-12-19T09:24:16.406+00:00I tweeted him BTW - @lettings_londonI tweeted him BTW - @lettings_londonmombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-41241641790683769672014-12-19T09:22:12.726+00:002014-12-19T09:22:12.726+00:00MW, Tim Hyatt is the head of lettings at Knight Fr...MW, Tim Hyatt is the head of lettings at Knight Frank - he's the one the journo interviewed.mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-78156103950257994962014-12-19T09:21:19.150+00:002014-12-19T09:21:19.150+00:00Dinero, in all my years renting, I was never asked...Dinero, in all my years renting, I was never asked to pay more rent because interest rates had gone up. Or been given a rent cut when they plummeted of course! As a former landlord in Cape Town, I could never pass on the much more volatile interest rates in South Africa to my tenants. I'm sure some will try to pass on the MT but there's no chance they'll succeed.mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-72930093959915601362014-12-19T08:27:34.071+00:002014-12-19T08:27:34.071+00:00its conceivable that in the short term London lan...its conceivable that in the short term London landlords would try and pass on such a tax to tenants, and if every penny of the rent is being paid in mortgage interest then the landlord would be compelled to do that by their relationship with the bank.Dinerohttps://www.blogger.com/profile/14632385731642361211noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-68278558022579231632014-12-18T19:10:44.625+00:002014-12-18T19:10:44.625+00:00M, who he?
B, a subtle point which you have made ...M, who he?<br /><br />B, a subtle point which you have made before. But that it's bollocks is most easily illustrated with monopolies like landownership.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-88897671267527582532014-12-18T18:00:13.879+00:002014-12-18T18:00:13.879+00:00BJ, it's amazing how many people think the wor...BJ, it's amazing how many people think the world operates on "cost plus".Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-14921414514866347082014-12-18T09:17:51.260+00:002014-12-18T09:17:51.260+00:00Going to try get hold of Tim Hyatt if I'm bore...Going to try get hold of Tim Hyatt if I'm bored :-)mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.com