This thread is literally landlords whinging that they arent getting the profits they deserve anymore and how terrible it is...maybe they should put their money into something more productive like building new housing stock rather than just taking existing stock off the market to profit off and increasing the prices for the remaining housing.
Well they are, via higher rents. Some even more profits, I seen some boasting about it on social media who are taking advantage of the current rental market and making a record amount of money,
My rent is currently circa double from when I moved in and has gone up by over 40% in the last 2 years alone.
They still make their money, they just pass on the costs.
For reference I do rent, have never owned a property and have never been a LL. Instead of just blindly whingeing, I have tried to research factors as to what is causing the current problems and I have the opinion now its a combination of lack of social housing and government policies that encourage higher rents.
Its also not just the rent amount, the market is now in such a state they have a luxury of interviewing tenants, having them enter a bidding war and getting their entire tenancy period rent paid up front.
If a LL wants to bump rent by say 80%, and they cant be bothered talking their tenant round they merely just give a no fault eviction, two months notice and have someone new in a week or two later paying that higher rent.
