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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to think the reason house prices are kept dangerously high as MPs are usually landlords

60 replies

sazhamer · 22/11/2014 07:37

I think one of the most damaging thing in the UK is that the average house is 9 times the average wage.

It seems like every mp owns many of them so have vested interests to keep them proped up.

Aibu to think they are doing this on purpose?

OP posts:
MelanieCheeks · 22/11/2014 07:39

"kept"? How does that work then, in a free market economy?

Altinkum · 22/11/2014 07:39

This reply has been deleted

Message withdrawn at poster's request.

sazhamer · 22/11/2014 07:41

How is it a free market when rates are kept artificially low and money is printed? That the very opposite, a rigged market.

OP posts:
Bowlersarm · 22/11/2014 07:42

How many MP's own more than one home?

MelanieCheeks · 22/11/2014 07:44

By rates do you mean interest rates? Which have been at an unprecedented low level for the past 5 years?

longjane · 22/11/2014 07:49

I do wonder why no party has come with the idea of rent control .
They have cut housing benefit .
But why not some kind of control I'm how much rent can be charged?

mynewpassion · 22/11/2014 07:51

You are anointing them with power that they do not have.

sazhamer · 22/11/2014 07:53

Not really. They could bring down prices overnight with taxes on 2nd homes and homes bought by investment companies that no one live in. But they don't. They have the power.

OP posts:
bluevanman · 22/11/2014 07:56

YABU

I know many landlords who own many houses and they're not MPs.

MPs don't set house prices.

I earn the average wage and I bought an "average" house for 2.5x my wage, not 9x.

WorkingBling · 22/11/2014 07:57

Haha. This kind of naïveté makes me laugh. Look at outrage re mansion tax and that only affects a few people relatively speaking.

Yabu. MPs are often obnoxious people but this kind of conspiracy theory is both impractical and silly.

Uptheairymountain · 22/11/2014 07:58

There used to be rent controls, but tha was all stopped in the (late?) 80s. It might be a good idea to bring them back.

jackydanny · 22/11/2014 08:01

YANBU.
I don't think anyone should be allowed more than one home.

Bowlersarm · 22/11/2014 08:01

OP, you can't make such a sweeping statement without backing it up with a figure. So, again, how many MPs have second homes which they own?

mynewpassion · 22/11/2014 08:02

Corporations and people who can afford second homes can also afford to pay the taxes.

sazhamer · 22/11/2014 08:04

1/4 of Tory MPs do, its the most common source of additional money.
The group found several examples of MPs owning more than one rental property. James Clappison, Tory MP for Hertsmere, topped the charts, having been found to own 26 homes he rented out across east Yorkshire.
‘Not only do MPs enjoy taxpayer-funded second homes, many of them also have a portfolio of rented houses too,’ said Katy John, a spokesperson for Pricedout. ‘Many first-time buyers are trapped in the private rented sector, 94 per cent of whom would like to buy their own home.
‘Tenants in this country face some of the worst levels of housing security in Europe. First-time buyers desperately need house prices to fall to more affordable levels, but landlord MPs at the very top of the property ladder have a vested interest to not let this happen.’

OP posts:
bluevanman · 22/11/2014 08:09

So the biggest landlord of all the pms owns "only" 26 houses? That shows how stupid this post is

bluevanman · 22/11/2014 08:09

MPs Hmm

Bowlersarm · 22/11/2014 08:11

Hmm well I'm still sceptical that MPs 'usually' have more than one home.

But many MPs will only be elected for one term of under 5 years before losing their seat - it's hardly a job for life for many - so it is only fair they have other ways of getting an income. Being in politics must be very unreliable as a job.

I don't really see it as their fault that the market is such as it is.

Andrewofgg · 22/11/2014 08:12

If 650 Members owned 26 houses each that would be 16,500 houses, which is not a significant number. This is classic conspiracy-theory nonsense.

MuddyBootsAndPinkCoats · 22/11/2014 08:12

This reply has been deleted

Message withdrawn at poster's request.

NotDavidTennant · 22/11/2014 08:13

"How does that work then, in a free market economy?"

Housing benefit, planning controls, quantity of social housing.

That's three I can think of with a few seconds thought, I'm sure there are more.

angelohsodelight · 22/11/2014 08:13

Do you are saying that just over 500 MPs control the majority of the 8-9 MILLION rental properties.....?

Really? Think before you type!

bluevanman · 22/11/2014 08:14

Spot on Andrew

mynewpassion · 22/11/2014 08:17

I don't think that the OP is talking about changes for the better in regards to housing benefit, planning controls, quantity of social housing.

She's just saying that the MPs owning more than one house is driving up the cost of the housing market. wacky conspiracy theory.

Inthedarkaboutfashion · 22/11/2014 08:19

I can't imagine any MPs own any rental houses in my area and prices are still high. I wonder who I can blame.....