Any Landlords on here

[Strokes]

2 minutes ago, toddybad said:

The vast majority of migrants haven't purchase houses. What they've done is make the millions of greedy brits who bought second, third and fourth houses money via rent.

 

The supply and demand in sales different come from migrants, it comes from brits who are lucky enough to already own their home and can't see they are part of the problem. And also can't admit it, clearly.

 

I'll use myself as an example. I earn way above average wage. But I rent. I can't save as in already paying off somebody else's mortgage. 

 

About ten years ago I tried to buy a property. A nice one came up cheap and I rang to view within minutes of it coming to market. A cash offer had already been made and accepted by a landlord. I had to rent at that point. Have never been able to buy since.

Do you have any figures to back that up?

Im not even going to respond to that last part.

[Guest]

1 minute ago, Strokes said:

Do you have any figures to back that up?

Im not even going to respond to that last part.

No, I shouldn't have added the last part.

You can't complain that 'forunerz' are undercutting our workers and at the same time complain that they're buying all our houses. That's just nonsense.

Look up the landlord numbers yourself. Millions of ordinary People have made decisions that they thought were good, to help their families, but have caused a huge crisis inadvertently. And both the main political parties let it happen.

[Strokes]

4 minutes ago, toddybad said:

No, I shouldn't have added the last part.

You can't complain that 'forunerz' are undercutting our workers and at the same time complain that they're buying all our houses. That's just nonsense.

Look up the landlord numbers yourself. Millions of ordinary People have made decisions that they thought were good, to help their families, but have caused a huge crisis inadvertently. And both the main political parties let it happen.

I didn’t say they were buying all the houses, I said they increased demand for houses. People live in houses.

How can a government plan how many houses to build, when it doesn’t know how many residents it will have?

Edited 28 January 2018 by Strokes

[Rogstanley]

20 minutes ago, Strokes said:

So you want these landlords to sell at a loss to fill your moral world, nice. 

How small would the number be and if it’s a moral housing crisis crusade I don’t think leaving people homeless or in houses for sale not knowing when they might find themselves homeless is a great plan. 

Come on what’s the master plan?

I’m not bothered about investors making a loss. If you want higher returns than you can get in a protected fixed-income investment like a savings account then you need to take some risk, and sometimes those risks won’t pay off. That’s the nature of the game.

 

But I’m not advocating forcing people to sell up anyway. Nowhere did I say that. I’m merely voicing an objection on principle to the concept of houses being used as an investment at a time when we have a housing crisis.

 

In terms of a way forward, I actually think the Tories have done a reasonable job increasing some taxes which have made buy to let less attractive. But my strong suspicion is those taxes disproportionately hit people like Milo, Buce and others letting out a single property while letting the landed gentry off the hook.

Edited 28 January 2018 by Rogstanley

[Guest]

8 minutes ago, Strokes said:

I didn’t say they were buying all the houses, I said they increased demand for houses. People live in houses.

How can a government plan how many houses to build, when it doesn’t know how many residents it will have?

Bearing in mind that we have only 4% unemployment (with the usual caveats around incap that I always add), we'd be in a right mess of all the EU citizens left wouldn't we? Have you used a hospital lately? You can't go through without being treated by EU citizens.

 

Stop further property grabs by landlords, build council housing, allow right to buy to continue but allow the money to be used to build more housing. Tax the **** out of those that buy properties without anybody living in them.

[Strokes]

1 minute ago, Rogstanley said:

I’m not bothered about investors making a loss. If you want higher returns that you can get in a protected fixed-income investment like a savings account then you need to take some risk, and sometimes those risks won’t pay off. That’s the nature of the game.

 

But I’m not advocating forcing people to sell up anyway. Nowhere did I say that. I’m merely voicing an objection on principle of the concept of houses being used as an investment at a time when we have a housing crisis.

 

In terms of a way forward, I actually think the Tories have done a reasonable job increasing some taxes which have made but to let less attractive. But my strong suspicion is those taxes disproportionately hit people like Milo, Buce and others letting out a single property while letting the landed gentry off the hook.

So they aren’t villians then, I’m glad we agree. So how do we solve the housing crisis?

[Strokes]

3 minutes ago, toddybad said:

Bearing in mind that we have only 4% unemployment (with the usual caveats around incap that I always add), we'd be in a right mess of all the EU citizens left wouldn't we? Have you used a hospital lately? You can't go through without being treated by EU citizens.

 

Stop further property grabs by landlords, build council housing, allow right to buy to continue but allow the money to be used to build more housing. Tax the **** out of those that buy properties without anybody living in them.

I’ve never said we need less immigrants, ever.

Ive just said we need controls so we know who is coming. Under the current system we stop skilled people coming here from non EU countries so we can massage figures for less skilled EU migrants. How is that beneficial?

Edited 28 January 2018 by Strokes

[Strokes]

We should probably take this over to the political thread as it’s been unintentionally hijacked.

[Guest]

13 minutes ago, Strokes said:

I’ve never said we need less immigrants, ever.

Ive just said we need controls so we know who is coming. Under the current system we stop skilled people coming here from non EU countries so we can massage figures for less skilled EU migrants. How is that beneficial?

Tbh were both taking over this thread and taking it in a direction that's moved into broader issues. Stick that in the politics thread and I'll respond tomoz.

[Rogstanley]

5 minutes ago, Strokes said:

So they aren’t villians then, I’m glad we agree. So how do we solve the housing crisis?

Aside from building more houses and taking steps to limit the number of people hoarding houses:

 

I think non UK residents should have to have a compelling reason why they need to own UK residential property and I think most wouldn’t have one. We’ve got people from abroad buying up residential property in London with no intention of ever living in it or even of renting it out. Put a stop to that.

 

There are actually many areas where houses are not that expensive, but those areas have no jobs, shit schools and bad transport infrastructure - invest in revitalising those areas or improve the transport infrastructure so people can live there but work elsewhere.

 

Playing the long game, pushing towards a future where fewer people have to go to a fixed workplace everyday could help, as again that would open up cheaper areas as a viable place for people to live while still having a career.

 

Most of it requires investment, of course. Not many good things have ever been done for free.

 

 

[Guest]

Sorry the rest of you, I've said my piece, have your thread back!

[m4DD0gg]

12 hours ago, Sharpe's Fox said:

sell the property and give someone else their own home and earn your money honourably.

Pathetic.

[m4DD0gg]

12 hours ago, Captain... said:

So I'm going to be renting my flat out, just looking for any advice, tips, experiences. Mainly for dealing with letting agents who seem determined to extort as much money out of me as possible.

 

any links to good forums websites also appreciated.

 

Cheers.

We have a flat and a house we rent out.

 

Be prepared for a tonne of bullshit from the letting agent, they are pretty poor most of the time and expect them to be in breach of contract at some point....which if you can prove you can bin them.

 

Tenants dont like letting agents either so if you meet the tenant its always worth striking up a relationship to circumvent the agent at the end of the contract and go private.....which can be tricky but is doable.

 

Insist on meeting all perspective tenants, remember its you're property at the end of the day.

 

Out of the rental income if you can set aside a % for rainy days.

 

Any tenant deposit will be held within a government backed scheme called the DPS - Deposit Protection Scheme. This heavily favors the tenant so no matter how bad they treat the property you are likely to see anything back. For example i had a tenant who put a burn the size of shoe in a carpet but got nothing back because the DPS argued the carpet was 2 years old........wtf.

 

 

[Innovindil]

State of this thread. 

 

Guy asks for advice, instantly hounded by the envious morality police. 

[FoxesDeb]

20 minutes ago, Innovindil said:

State of this thread. 

 

Guy asks for advice, instantly hounded by the envious morality police. 

Was just going to post pretty much the same thing. 

I left my marital home 5 years ago, and left him with everything, so he wasn't forced to move. So now I rent, and I love my house. We had a letting agent for a while but the landlord got rid of them, and it works well for me. I've had no rent increase, my landlord just leaves me alone, and I've replaced some carpets, upgraded some light fittings, and made some other minor improvements. If I couldn't rent I'd be homeless, I really don't see the problem. Not everyone wants to own their own home. 

Oh and I do take offence to the earlier advice about not letting to single parent families, we're not all benefits scroungers. 

[Buce]

7 minutes ago, FoxesDeb said:

Was just going to post pretty much the same thing. 

I left my marital home 5 years ago, and left him with everything, so he wasn't forced to move. So now I rent, and I love my house. We had a letting agent for a while but the landlord got rid of them, and it works well for me. I've had no rent increase, my landlord just leaves me alone, and I've replaced some carpets, upgraded some light fittings, and made some other minor improvements. If I couldn't rent I'd be homeless, I really don't see the problem. Not everyone wants to own their own home. 

Oh and I do take offence to the earlier advice about not letting to single parent families, we're not all benefits scroungers. 

 

Given what you've just posted, Deb, I'm confused as to why you repped this post:

 

13 hours ago, Sharpe's Fox said:

sell the property and give someone else their own home and earn your money honourably.

 

[FoxesDeb]

8 minutes ago, Buce said:

 

Given what you've just posted, Deb, I'm confused as to why you repped this post:

 

 

Obviously I didn't mean to, and I didn't realise I had 

[Guest MattP]

2 hours ago, Innovindil said:

State of this thread. 

 

Guy asks for advice, instantly hounded by the envious morality police. 

Hilarious isn't it? Even guys like Buce are now vicious, greedy Tories in the eyes of that mob because they want to leave their daughter something.

 

Crazy World.

Edited 29 January 2018 by MattP

[Parafox]

14 hours ago, Buce said:

 

I don't exploit anybody.

 

I own a modest two bedroom flat which I let for the same rent as comparable social housing (of which there is very little left in Oadby). I, in turn, pay rent for the house we live in, which is double what I make on my flat. My conscience is completely clear.

 

 As for Sharpey's argument (I note he still hasn't told us how honourably he earns his living), if I sold the flat and put the money in the bank, any interest received would also be unearned income. So short of giving it away, I'm not sure what is expected of me. As FIF said, nobody gave it to me, I paid for it with money I earned. My money, my choice. I became a father at an advanced age, and could well die while my daughter is relatively young. It's my way of taking care of her from beyond the grave and anybody who has a problem with that can fvck right off.

 

Yes, it's your property and you're entitled to do whatever you want with it and in no way was I accusing you, as an individual, of exploiting anyone. However, there are plenty of landlords that own multiple properties or break a house down into flats that are unscrupulous and do exploit those in need, even if it's as basic as failing to maintain their properties. 

 

I'm sure you aren't of that ilk and that you have genuine, unselfish reasons for renting out. I am not knocking you for that and I hope it works well for you. My point was as stated above. I guess many of those who've posted a response, have completely taken you OP out of context.

 

Actually it's not fair for you to be singled out by some on here as a mean-spirited Scrooge-like character.

Edited 29 January 2018 by Parafox

[James.]

This thread

 

I just had to pay a pretty large tax bill after we rented our place out temporarily last year (sorry for being such a capitalist pig but we needed to cover the mortgage while we were out of the country).

 

I didn't actually realise you couldn't offset your rental income with mortgage payments - as it stands you can only use the mortgage interest and even that is gradually being set to zero by 2020.

 

You can then claim maintenance costs and some other expenses but regardless I think renting becomes very unprofitable and actually loss making for many people, particularly if you have a mortgage on the property.

 

Anyway you may already know about this but it was an expensive surprise for me last week so thought I would mention!

[Carl the Llama]

State of this thread, one guy makes a trolling comment and suddenly all the neo-capitalists are up in arms about the invasion of the morality police

[Guest MattP]

4 minutes ago, Carl the Llama said:

State of this thread, one guy makes a trolling comment and suddenly all the neo-capitalists are up in arms about the invasion of the morality police

Wasn't really trolling was he? It's a viewpoint he has been consistent with.

 

Can't knock him for that either, least it's honest.

[grobyfox1990]

The Govt has absolutely hammered BTL landlords via the increase in stamp duty on second homes, loss of mortgage interest relief and tougher standards to get a BTL mortgage.

 

This coupled with the fact first time buyers have been thrown a lot of giveaways. Help to buy, right to buy, shared ownership schemes, starter home schemes. 

 

And what has been the net result...inflated remuneration for the executives at the property companies. Great.

 

I'm not denying house prices are inflated and wages are at all time lows, it's tough to buy a place if you're young. But there are so many ways to do so if you're responsible! IMO in a rich country like ours everyone has the right to live in a home, certainly not own it!

 

With regards to the point about 'honourably' earning a living, the less said about that the better...so naive in so many ways.

[Carl the Llama]

Just now, MattP said:

Wasn't really trolling was he? It's a viewpoint he has been consistent with.

 

Can't knock him for that either, least it's honest.

Yeah tbh I was just feeling left out with all the 'state of this thread' generalisations.

[Rogstanley]

46 minutes ago, MattP said:

Hilarious isn't it? Even guys like Buce are now vicious, greedy Tories in the eyes of that mob because they want to leave their daughter something.

 

Crazy World.

Where did anyone call anyone a vicious greedy Tory? 

 

There's a housing crisis and people are pointing out that trying to exploit that to make money raises some moral questions.