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landlord bashing

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Comments

  • Guest101
    Guest101 Posts: 15,764 Forumite
    Red-Squirrel wrote: »
    Supply and demand is not a system that rewards hard work and success.

    If people are happy with a 'dog eat dog' every man for himself system, fine, just be honest about it! Don't say you want hard work rewarded when that's clearly not what you mean!



    When you think of the word 'reward' what do you envisage?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    Red-Squirrel wrote: »
    Supply and demand is not a system that rewards hard work and success.
    Of course it is. Supply of people who will work hard and succeed is finite - but there is great demand for them.

    Even if we only look at financial rewards, nobody works in a world where there are no options to improve your remuneration.
    You can push your employer to reward your success and work with increased remuneration, which may come with a promotion.
    You can look to find a different employer who will value your work and success.
    If you find options in your current employment field are too limited, you can work to change your field.
  • Red-Squirrel_2
    Red-Squirrel_2 Posts: 4,341 Forumite
    AdrianC wrote: »
    Of course it is. Supply of people who will work hard and succeed is finite - but there is great demand for them.

    Even if we only look at financial rewards, nobody works in a world where there are no options to improve your remuneration.
    You can push your employer to reward your success and work with increased remuneration, which may come with a promotion.
    You can look to find a different employer who will value your work and success.
    If you find options in your current employment field are too limited, you can work to change your field.


    Cognitive dissonance in action.
  • Guest101
    Guest101 Posts: 15,764 Forumite
    Red-Squirrel wrote: »
    Cognitive dissonance in action.



    Not sure why you think simply saying something like this makes it true.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    Red-Squirrel wrote: »
    Cognitive dissonance in action.
    The fact that you're in denial about reality doesn't mean it isn't reality.
  • FBaby
    FBaby Posts: 18,367 Forumite
    First Anniversary First Post Combo Breaker
    Then those landlords should be looking at how to improve their business, or get out of it
    Except that 'getting out of it' comes at a price. Sometimes, the benefit of equity as future investment is enough to remain a LL and see it as that, an investment rather than a business to make an immediate profit.

    Surely that goes against the notion of LLs being in it for greed?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    FBaby wrote: »
    Except that 'getting out of it' comes at a price.
    Otherwise known as "cutting your losses"
    Sometimes, the benefit of equity as future investment is enough to remain a LL and see it as that, an investment rather than a business to make an immediate profit.
    Entirely speculative, of course. And that speculative investment HAS to be considered hand-in-hand with the business activities, unless the property is being left empty (or is owner-occupied).
  • ModernSlave
    ModernSlave Posts: 221 Forumite
    I'd like to differentiate between UK landlords and foreign ones. I read this article today:

    https://www.theguardian.com/society/2017/jun/13/foreign-investors-snapping-up-london-homes-suitable-for-first-time-buyers
    Research for London mayor, Sadiq Khan, shows homes being used as buy-to-let investments and being held in off-shore tax havens


    This may only apply to major cities but I have a big problem with foreign investors buying up UK flats and keeping them empty to preserve their 'new' value.
    I would like to see foreign investors face much tighter restrictions on buying UK property, like a lot of other countries with limited land have done. Then maybe we wouldn't see so many calls to build on our precious green belt, or sky high prices on starter homes.

    As for UK-based landlords, accidental or not, you are privileged to have a valuable asset that many people aspire to own for their residence. If you complain about having such a privilege it's only natural for people to speak out indignantly. The name-calling on either side is unnecessary.

    On the bright side we are coming into a period of high employment and low interest rates. BTL has dropped considerably and I see both house asking prices and rental prices coming down.

    Now is the time to SAVE your deposit or make in-roads into your mortgage.
  • FBaby
    FBaby Posts: 18,367 Forumite
    First Anniversary First Post Combo Breaker
    Otherwise known as "cutting your losses"
    Not really business minded then!

    Running a successful and prolific business means being ruthless. The only reason you would be 'nice' to a customer is purely on the basis of you gaining something from their business. If you can keep the custom by spending less on the merchandise, that's what you do. If you think that you can attract a better customer, you dump your current one.

    You can't critisize LLs for not running their business in such productively minded ways, and then critisize those who do and are considered greedy rather than productive.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    ModernSlave wrote: »
    This may only apply to major cities but I have a big problem with foreign investors buying up UK flats and keeping them empty to preserve their 'new' value.

    It's been an issue for years - decades. Those doing it now have utterly missed the boat, and will probably end up losing money.
    I would like to see foreign investors face much tighter restrictions on buying UK property

    Or, perhaps, simply penalise owners of empty properties harder, through increased council tax premiums, or other measures? Perhaps through some form of compulsory purchase or compulsory rental? It won't be easy to enforce, though.
    Then maybe we wouldn't see so many calls to build on our precious green belt, or sky high prices on starter homes.

    How big a problem actually is it? The article suggests one in eight of the newbuild properties in London between 2014 and 2016, half of which were £200-500k. What proportion of the entire pool of properties were in that range?

    What I find most surprising is just 28,000 new build properties in London between 2014 and 2016? That's ridiculously small in a city of 8.5m people... Surely that figure can't be right...?
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