I agree and I am a pensioner. Get rid of NI, bang it on tax, everyone pays. You can still count eligibility for pension rights.
The joy of being a landlord
- Thread starter Quartz
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I agree and I am a pensioner. Get rid of NI, bang it on tax, everyone pays. You can still count eligibility for pension rights.
Soldato
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the thing is... no one forced governments to sell off all their council owned housing stock. blaming private landlords by gutting their income because of the actions of past governments seems a little unfair imo. if a person owns a property outright, who is the government to decide how much they can charge for rent?
that said, in principle i would even then not be against it so long is it was treated even handedly.
ie i will comply with and support any and all rental regulations for our 1 rental property which is my wifes flat she lived in before we met................ AFTER all the billionaire land owners who own 100s of properties over 1000s of acres of land have complied...... Start with Cambridge and oxford universities and organisations like Wellcome. (i dont really mean to pick on them too much but they are ones i have experience with... i think Wimpey homes also owns a truck ton as well along with lots of foreign investors)
However my fear is no one will dare touch them so it will be the general small fry in the middle who will get squeezed the most.
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Who is the government to decide? Well, they’re the government, so they get to decide all manner of things. Sometimes that means limiting market forces.
Soldato
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Word on the street ( well other forums specifly landlord groups F/B ARLA ect) with regard to Renters Reform bill ( a lot I agree with and a lot I don't S21 comes to mind ) , selcetive licensing ( again i agree with but not the cost ) and NS on property income is an approximate 25% incease on rent to cover costs and risks. Think it might be time to look at my CG liabilty on my rentals as its getting ridiculous now.
Hate private landlords as much as you like but all i can say is good luck to anyone who needs to rent privatley as it going to get very expensive and very difficult to find one - let alone be accepted as tennant.
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There’s only so difficult landlords can make it for tenants, assuming they actually want to let their houses to someone, rather than just leave them empty.
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Associate
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Andrew Neil is a ******, quiet as hell when Tories were in.
I’ll put this under a spoiler as it’s possibly bordering on SC material, that and it’s Lee Anderson.
But, it’s a realistic option for landlords to coin in even more with pretty much zero risk.
But, it’s a realistic option for landlords to coin in even more with pretty much zero risk.
Soldato
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well ok... like i said, lets see if they implement such a feature which affects everyone fairly and doesnt protect all the really big players which only hurting the small landlord.
Also would you really trust the government to be able to get these fees right i doubt a 2 bed flat in Hull would be limited to the same price as one in London.... or maybe it would...... i would almost enjoy seeing the reaction to landlords when they are told the max they can charge for their 2 bed luxury flat in London is £160 a week
the costs associated with coming up with a robust plan with fair costs would likely cost most than the tax payer would be prepared to foot the bill for.
Soldato
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If only that was the case.
So I placed a tennant in 1 of my properties last December and used Openrent for the first time ( portal for private landlords without getting ripped off by estate agents ) , I kid you not I had well over 100 applicants within 48 hours , i had to pause the listing . These included doctors , solicitors, senior managers at local companies right down to people on minimum wage - it' only a 1 bedroom flat. I even had offers of a full years rent up front! Some of these applicants could easily afford a 25% increase if market rates dictate. My point being with less properties be offered for rent they can afford it and will gladly pay it.
BTW i always try and help key workers and was glad to let it to a paramedic.
James always gives a little bit of clickbait on his titles but even if its 50% and not 70% private renters are screwed.
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Perhaps tax raid the Uber rich and billionaires rather than the middle and working classes.
People need places to rent for all sorts of reasons, landlords leaving the market is not going to help anyone.
Well except maybe massive concerns like BlackRock.
People need places to rent for all sorts of reasons, landlords leaving the market is not going to help anyone.
Well except maybe massive concerns like BlackRock.
Maybe the government could see to it that a sensible quantity of houses get built at some point. That would be nice. As it is we just keep getting urban sprawl with estates of 100 or so houses tacked on at the edges of towns with no proper infrastructure or facilities.
Where have you been the past twenty years (at least)? Building more houses has been every colour of government's "priority" for a long time and nothing has ever happened. Don't rely on any government to do anything right and that includes rent caps, NI on landlords, building houses, anything that you think may be beneficial to you as a renter. Any good idea will always get screwed up.
It's been mentioned many times before on this thread including by myself - we need more houses. built. We've needed more houses built for decades now. Only when more houses are built will house prices start to stabilise. This will never happen.
Where have I been? I’ve been here, watching exactly what you’re describing.
There are properties out there
That's just England
Number of empty homes on the rise across England
The number of vacant properties in England is rising, causing problems for residents and councils.
www.bbc.com
You're quite right though, last place I lived a whole new estate was built and nothing done re water and transport infrastructure which was already overburdened and the renewal part for the centre of the town 'mysteriously' fell by the wayside.
Doing anything large scale is expensive and time consuming in this country. We don't have the trades to build the houses we need. We don't have anywhere near the number of actually competent trades to build the houses we need. There aren't the incentives for developers to build quality housing when they can churn out **** and be rewarded for it.
Part of the reason HS2 has been such a *********** is because every time they want to do anything it has to go through god knows how many review processes. Legal challenges etc.
Doing anything in this country is a bureaucratic nightmare.
The nature of our building for the past 100 years and how the country is built on crumbling infrastructure that has had chronic underinvestment is a nightmare. You can call it NIMBYism all you want but you can't just tack thousands of houses onto towns everywhere and say "jobs a good un". Our roads around most built up areas are over capacity already. Councils haven't got the money to manage it all. Schools, GPs, hospitals don't have capacity.
Its a monstrous issue to solve and no, doing nothing is not a solution but acting like its just a case of "getting on with it" also isn't a solution.
Part of the reason HS2 has been such a *********** is because every time they want to do anything it has to go through god knows how many review processes. Legal challenges etc.
Doing anything in this country is a bureaucratic nightmare.
The nature of our building for the past 100 years and how the country is built on crumbling infrastructure that has had chronic underinvestment is a nightmare. You can call it NIMBYism all you want but you can't just tack thousands of houses onto towns everywhere and say "jobs a good un". Our roads around most built up areas are over capacity already. Councils haven't got the money to manage it all. Schools, GPs, hospitals don't have capacity.
Its a monstrous issue to solve and no, doing nothing is not a solution but acting like its just a case of "getting on with it" also isn't a solution.
Thast great - in theory - in practice it doesnt work as many countries have shown. The "uber rich and billionaires" dont just sit there waiting to get hammered by the tax man and of course they are pretty much the only ones who have the means and the ability to move them,selves and their money out of harms way - the rest of us mere mortals have to sit there and take it.
When we re-let our place via an estate agent they had so many applications after 1 day they took the listing down.
Forget "houses", we need Europe style high end appartments. Not everybody needs or can afford their own detached house.
You should see the absolute disaster going on here in Bromsgrove.
9000 new houses on a small commuter town, where kids are already being bussed out of the area for schools, the local roads are gridlock every day and a docotrs appointment is a lucky dip.
Oh and NHS dentists, not a chance.
They don't move their assets in the UK. It's not like they're currently properly taxed in reality.
They keep squeezing us regular folk more and more and everyone will be in poverty.