Insane rent increase.

cheesyboy said:
Where do you draw that line?

One person buying one property as a buy to let as an investment isn't any different, mechanically, to one person buying 50 buy to let properties as an investment.

There are 2.6 million landlords in the UK, most of which own one btl property. That has a pretty big impact on a total uk housing stock of 24 million.
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The line is when it becomes greed. In most cases 1 property is not greed while a lot of cases the 50 properties would be greed although not always.

Many of those 2.6million landlords will be covering people like transient workers, students, people who don't want the responsibility and costs of being a home owner or people who don't plan on staying in the area and want a temporary location for x amount of time. Providing a service that is needed and is helpful is not immoral and greedy like you have been saying. Take Streets tenet a transient worker at the nearby hospital who are just looking for somewhere to live temporarily. How is providing reasonable rent to that transient worker who doesnt want or need to own a propertie in that location classed as greedy and immoral?
 
Pottsey said:
Many of those 2.6million landlords will be covering people like transient workers, students, people who don't want the responsibility and costs of being a home owner or people who don't plan on staying in the area and want a temporary location for x amount of time. Providing a service that is needed and is helpful is not immoral and greedy like you have been saying. Take Streets tenet a transient worker at the nearby hospital who are just looking for somewhere to live temporarily. How is providing reasonable rent to that transient worker who doesnt want or need to own a propertie in that location classed as greedy and immoral?
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Nonsense

Has the underlying 'need' for private rental increased by 2 million houses in the last decade? Because that's what the btl co-opting of the uk's housing stock has increased by. Nearly doubling.

You're trying to defend the indefensible, presumably from a position of self-interest.
 
cheesyboy said:
Lol :D Landlording isn't work.

Maintaining something you own isn't a job.
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I have in the past landlorded full time, so what do you suggest my family eat dirt for 5 years until it's viable to sell a property?
Why does a plumber or decorator get to earn a living wage, but I don't, for doing the same work?
Or do you just have no idea what's involved in actually being a landlord and decided irrational things should be applied to other people?
 
cheesyboy said:
Nonsense

Has the underlying 'need' for private rental increased by 2 million houses in the last decade? Because that's what the btl co-opting of the uk's housing stock has increased by. Nearly doubling.

You're trying to defend the indefensible, presumably from a position of self-interest.
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What do you suggest?

Who should own these properties then?
 
andybird123 said:
I have in the past landlorded full time, so what do you suggest my family eat dirt for 5 years until it's viable to sell a property?
Why does a plumber or decorator get to earn a living wage, but I don't, for doing the same work?
Or do you just have no idea what's involved in actually being a landlord and decided irrational things should be applied to other people?
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Maybe get an actual job mate.
 
smeemi said:
What do you suggest?

Who should own these properties then?
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For years btl had significantly more borrowing capacity than ftb because of lending rules and tax advantages. This has been rebalanced to an extent, but the landlords aren't selling up, as they said they would they are putting rents up. Renters have even less chance to save an ever increasing deposit to buy the rental property.
I'm not sure how they get out of it now, inflation and wage rises would do the job but probably bankrupt most of the country.
It's become an us and them society, absolutely shocking, but people seem to accept it, maybe they have no choice.
 
smeemi said:
So just give 2.6 million properties for free? To who?
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Well no. Firstly, it shouldn't have been allowed to happen.

But now that it has, there should be tax squeezes to soak the profit out. I would suggest a 90% capital gains tax or similar (meaning you are taxed 90% on the profit when you sell), as well as controls on rents to prevent profiteering.

Also, 2.6m is the number of landlords. The private rental property stock is much higher. About 5 million properties: 20% of the total uk housing stock.
 
cheesyboy said:
Nonsense

Has the underlying 'need' for private rental increased by 2 million houses in the last decade? Because that's what the btl co-opting of the uk's housing stock has increased by. Nearly doubling.

You're trying to defend the indefensible, presumably from a position of self-interest.
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Yes but the voter balance has got to be shifting, more renters than owners. Imo they need to introduce more controls on landlords, it has to be a long term commitment and more of a business. Probably need to increase the quality of some properties a lot.
 
cheesyboy said:
Nonsense


Has the underlying 'need' for private rental increased by 2 million houses in the last decade? Because that's what the btl co-opting of the uk's housing stock has increased by. Nearly doubling.


You're trying to defend the indefensible, presumably from a position of self-interest.
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Except for its not nonsense, I have to assume you are only saying that is as it goes against you overly negative viewpoint that everyone is greedy and immoral which just is not true. I am not defending the indefensible. I am defending against your viewpoint which I find immoral and overly negative. It’s immoral to paint all landlords in the way you are.


It is clear that a great many people prefer to rent over own a propriety with various valid reasons and according to you the landlords renting to those people with a reasonable rent profit are immoral and greedy. That is just flat out wrong from my point of view. How do you know some of that increase are not for valid reasons? Why do you think the entire increase is 100% only from greedy and immoral landlords? Where is your evidence?


I have yet to see any valid evidence from you that all landlords are inherently immoral in all regards and greedy. Some of them are but not all of them.

cheesyboy said:
Owner occupiers
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That would be immoral and greedy to give them all to owner occupiers.
 
smeemi said:
So just give 2.6 million properties for free? To who?
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It needs to be much more cost effective for the owner to sell and the buyer to buy. So the owner makes profit by selling or loses by renting while the price is affordable.
 
cheesyboy said:
Well no. Firstly, it shouldn't have been allowed to happen.

But now that it has, there should be tax squeezes to soak the profit out. I would suggest a 90% capital gains tax or similar (meaning you are taxed 90% on the profit when you sell), as well as controls on rents to prevent profiteering.

Also, 2.6m is the number of landlords. The private rental property stock is much higher. About 5 million properties: 20% of the total uk housing stock.
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you can make no capital gains but make profit every year on the income. Not sure what 90% CGT would achieve other than make it even more pointless to sell
 
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