Who cares about her struggles to sell? She can reduce the price until she can sell. Or the foreclosure process will do that for her. She made the wrong investment and does not deserve to be bailed out, nor does she deserve any sympathy. Her entitlement that she believes she deserves to get universal credit when she's a BTL landlord is absurd.
House prices rose 7.3% this year, average now almost £250k
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Who cares about her struggles to sell? She can reduce the price until she can sell. Or the foreclosure process will do that for her. She made the wrong investment and does not deserve to be bailed out, nor does she deserve any sympathy. Her entitlement that she believes she deserves to get universal credit when she's a BTL landlord is absurd.
So what? She borrowed money to make an investment and it didn't pay off, so she has to dig in and pay it back or declare bankruptcy.
This is exactly what she signed up for when she bought an investment on leverage. What do you think would happen if you borrow money to buy stocks and they go down?
My point was, people shouldn't be concerned that it's bad or difficult for her to get out of this situation, in the same way that we're not concerned when people took other gambles that don't pay off. If she can't afford the payments then she will need to sell the property at wherever value she can and if she goes into negative equity then so be it. She's not a victim.
Clearly BBC thought so, and someone on this very page did that too. Not sure why you're taking this personally.
She can sell the property at its current market rate, given its current condition (which includes a tenant that doesn't pay rent). She's not forced to keep it any more than someone who bought stocks before they tanked are forced to keep them because they company stops paying dividend.
The problem is the entitlement of the landlord class who believe they deserve to have risk-free profits.
I was just adding to what you said, rather than directing anything towards you. Sorry for the confusion.
Tenants rights are some of the worst in the UK compared to other European countries. The fact that you believe landlords are the victims shows how out of touch you are.
If you're a landlord sometimes tenants don't pay rent. Deal with it. Funny you want a helping hand from the government to fix your problems. Good old "socialism for me, capitalism for thee".
What's with you and your obsession with these insults
Are you 14?You deal with it like any other business deals with changes in regulations. Sometimes they're not in your favour and you have to adapt. If you can't, you go out of business. Simple as that.
Hahahahahaha. Welfare for landlords? Government guaranteeing you receive rent?
And people who don't pay rent still owe that money. They're eventually taken to court and the landlord recovers their money with Libor + 8% interest (unless they declare bankruptcy).
But you also completely overlooked that. Dishonest mistake.
So you want the government to help you evict people who have literally nothing (who you willing signed a contract with) so that you get your investments stay in top shape, lol.
Landlord class entitlement at its best. Maybe you shouldn't have signed a contract with people who had nothing expecting them to pay you all their money every month.
Landlords willingly let their property to their tenants, they should have thought of this and properly managed that risk, like all businesses have to do. They can always go through the legal process like everyone else who has a dispute with someone does and stop moaning about how unfair everything is.
Landlords should stop expecting the government to bail them out when their investments don't pay off.
Regulations have changed and are not in your favour, tough luck. Deal with it. That happens in every industry and businesses deal with it.
If you're not happy with how profitable landlording this right now, do another business or get another job.
Over a million businesses went bust due to the pandemic and changes in laws. And it wasn't their fault. **** happens. Landlords are not special breeds of human beings that deserve to be bailed out above everyone else.
Well the day the landlord employs as many people as those businesses do, we can talk about bailing their employees out
Yeah, people refuse to pay and we'd have to sue them. We don't expect the government to pay their bills like you do.
Much sexism, lol.
The only one whining here is you, about how unfair the rules are to poor landlords and that the government doesn't just pay you rent.
As for house prices, yes, I don't expect the government to buy me a house, in the same way that you're expecting the government to pay you rent.
You dodge and deflect like a pro. This is about entitled attitude of landlords such as yourself who demand risk-free government-guaranteed return on your investments at the expense of everyone else.
It's always funny people who keep saying a topic has run its course are always the first ones to post there and are among the top 10 posters, Sonny said the same thing. Simplest thing to do when you believe a topic has run its course is to stop giving it your time ¯\_(ツ)_/¯
For some reason, neither of you can stay away
Actually she made no indication that she even had a tenant. She was flat out asking for government bailouts.
Honestly I'm amazed at that myself. I never expected this thread to go almost 80 pages. But I love Sonny so I'll be here as long as he is
People don't live in bitcoin or stocks, lol. I can't believe you seriously compared bitcoin to housing, lol.
Your obsession with me is troubling, you went through all of my activities to dig up info on me just to reply to a post, lmao. You're linking to threads I made in 2014, that was 7 years ago.
Like seriously, this obsession is unhealthy and I genuinely worry for you now. I hope you get the help you need my friend.
I didn't, I said I find certain types of profits off others to be unethical. Anyone who does any job profits off others and most of those are ethical, some are not. I'm sure you also agree. We may disagree on what is or isn't among the unethical ones, but please don't pretend like I said all profit is immoral, lol.
However, what I may or may not have said weeks or months ago is not really relevant except to those obsessed with me, for whatever reason. I'm shocked what I may or may not have said weeks or months ago is of any interest to anyone right now.
Do you want to do what Sonny did and dig up through all my posts since 6 Oct 2009 that I joined OcUK? ¯\_(ツ)_/¯ Maybe you'll find something too!
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