Rob discusses a concerning situation in Edinburgh, Scotland, where residents in affordable homes have experienced a staggering 450% increase in their gas prices. The properties are part of the Harvester's Way Development, managed by Places for People Scotland, and are connected to a district heating system. This lack of control over gas prices has left residents feeling helpless and frustrated, especially as the properties were marketed as greener and more efficient. The episode highlights the importance of researching heating systems when buying or renting property to avoid being caught off guard by unexpected price hikes.

KEY TAKEAWAYS

• Residents in a development in Edinburgh experienced a 450% increase in gas prices, highlighting the issue of lack of control in district heating systems.
• The development was marketed as greener and more efficient, but residents are now facing unaffordable gas bills, contradicting the initial promises.
• The situation emphasises the importance of researching heating systems before buying, renting, or investing in properties to avoid unexpected cost increases.
• The residents' lack of control over their heating costs due to the district heating system showcases the potential pitfalls of modern build housing and future home standards.
• It is crucial for homeowners, renters, and investors to be cautious about green investments and thoroughly examine the implications of such developments to avoid financial surprises.

BEST MOMENTS

"Prices are on the increase overall, but when that increase is 450%, that's correct, 450, Then we have a bit of an issue."

"Control in the world is important, too much so in terms of World Economic Forum and Club of Rome and that stuff, but this isn't the episode for that."

"This situation just doesn't look good on anyone. It doesn't reflect well on anyone at all, especially as, again, part of that drive to induce people or seduce people into potentially buying and renting these homes."

"You don't want district heating. You don't need community heating because you need to be able to have control over those elements so that you can monitor things properly."

"As long as it's sold as a green investment, and it's good for the environment, and it's good for the economy, then you know, people are going to lap it up."

VALUABLE RESOURCES

https://www.bbc.co.uk/news/articles/cmm2n3527m4o

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Rob discusses a recent protest in Brighton by members of the Living Rent Campaign, who were protesting against rent exploitation. He highlights the ineffectiveness of rent controls, citing the example of Scotland where rent controls led to a supply and demand imbalance, causing rents to skyrocket.

Rob also touches on the importance of increasing the supply of housing to tackle housing challenges, despite the challenges in funding such initiatives.

KEY TAKEAWAYS

• Protests against rent exploitation took place outside Brighton Town Hall, led by the Living Rent Campaign.
• Rent controls, as seen in Scotland, have backfired by causing a supply and demand imbalance, leading to skyrocketing rents.
• The expansion of council housing is crucial to address the housing challenges in the country, but it won't happen overnight.
• The Living Rent Campaign calls for an end to the right to buy scheme, which has both pros and cons, especially in areas like Brighton with tourism challenges.
• Funding for improving council housing and building more is a key issue, as it may involve increasing council tax and requires a clear strategy.

BEST MOMENTS

"Rent controls, as we've talked about before, are not a good solution. Just look at the recent articles in Scotland. Rent controls attracted less investment, less development, leading to skyrocketing rents."

"Increasing the supply of housing is crucial to tackle the housing challenges. But the lack of a clear and cohesive strategy, changing governments, and local councils hinder progress."

"The Living Rent Campaign's call to end the right to buy scheme has pros and cons. It may help provide more housing but could also lead to issues with the types of homes being bought."

"Improving rent controls will backfire. It may provide a short-term victory but will lead to long-term consequences. The Living Rent Campaign should be cautious about this approach."

VALUABLE RESOURCES

https://www.theargus.co.uk/news/24417633.protest-outside-brighton-town-hall-rent-exploitation/

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BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

Rob discusses the recent election results, focusing on Labour's majority win and the potential implications for the future. He also touches on the surprising outcome of the French election and the implications of a potential hung parliament.

KEY TAKEAWAYS

• Labour won the election with a majority of 412 seats, a significant increase from the previous election.
• France's election results surprised many, with a leftist coalition potentially winning and leading to a hung parliament.
• Labour's victory may face challenges in the next five years, especially if they do not fulfill their manifesto pledges.
• Labour aims to build 1.5 million houses, recognizing the supply-side issue in the housing market.
• The effectiveness of Labour's housing policies and their ability to afford public funding for house building remain subjects of skepticism.

BEST MOMENTS

"Labour have a majority. They ended up winning 412 seats in total. That was a 211-seat increase from 2009."

"France is going to be heading to the right-hand side of politics. Well, that turns out not to be the case either, and I think that's caught an awful lot of people off guard."

"Labour are in a situation where they're a bit damned if they do, damned if they don't, because I would imagine that the economic books of the UK don't look very pleasing."

"As long as Diane Abbott's not in charge of any property numbers I think the country is going to be absolutely fine."

"I do like the fact that they look at the housing area as something that needs working on, and it's a supply issue."

VALUABLE RESOURCES

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast