Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • rentmekid
    • By rentmekid 13th Jun 17, 2:36 PM
    • 50Posts
    • 25Thanks
    rentmekid
    landlord bashing
    • #1
    • 13th Jun 17, 2:36 PM
    landlord bashing 13th Jun 17 at 2:36 PM
    After reading a number of posts/replies on this forum, I have noticed that many people hate the idea of someone owning more than 1 property and renting out.


    Frequent comments are: "people cant afford to buy one property, why should you have 2", or similar.


    At the end of the day, a private landlord is providing a similar service to the housing association, so why the hatred, or is it jealousy?


    Also, its not the Landlords fault that someone cant afford a house.


    Are my view justified?
Page 1
    • ReadingTim
    • By ReadingTim 13th Jun 17, 2:41 PM
    • 1,711 Posts
    • 2,467 Thanks
    ReadingTim
    • #2
    • 13th Jun 17, 2:41 PM
    • #2
    • 13th Jun 17, 2:41 PM
    Are my view justified?
    Originally posted by rentmekid
    Depends on whether you're asking a landlord, or a tenant.
    • csgohan4
    • By csgohan4 13th Jun 17, 2:45 PM
    • 3,567 Posts
    • 2,239 Thanks
    csgohan4
    • #3
    • 13th Jun 17, 2:45 PM
    • #3
    • 13th Jun 17, 2:45 PM
    One of my biggest bug bears is 'accidental' Landlords.
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • Red-Squirrel
    • By Red-Squirrel 13th Jun 17, 2:48 PM
    • 1,405 Posts
    • 3,700 Thanks
    Red-Squirrel
    • #4
    • 13th Jun 17, 2:48 PM
    • #4
    • 13th Jun 17, 2:48 PM


    At the end of the day, a private landlord is providing a similar service to the housing association,


    P
    Originally posted by rentmekid
    Secure long term tenancies in fit for purpose properties with affordable rents?

    Are they really though?
    • fairy lights
    • By fairy lights 13th Jun 17, 2:49 PM
    • 7,857 Posts
    • 26,056 Thanks
    fairy lights
    • #5
    • 13th Jun 17, 2:49 PM
    • #5
    • 13th Jun 17, 2:49 PM

    Frequent comments are: "people cant afford to buy one property, why should you have 2", or similar.
    Originally posted by rentmekid
    Really? Can you point out examples of these specific comments?
    Not many people have patience for the "OOh, I tripped and fell and landed in the role of landlord" posters round here, but that doesn't equal landlord bashing.
    • marliepanda
    • By marliepanda 13th Jun 17, 2:49 PM
    • 4,563 Posts
    • 9,182 Thanks
    marliepanda
    • #6
    • 13th Jun 17, 2:49 PM
    • #6
    • 13th Jun 17, 2:49 PM
    After reading a number of posts/replies on this forum, I have noticed that many people hate the idea of someone owning more than 1 property and renting out.


    Frequent comments are: "people cant afford to buy one property, why should you have 2", or similar.


    At the end of the day, a private landlord is providing a similar service to the housing association, so why the hatred, or is it jealousy?


    Also, its not the Landlords fault that someone cant afford a house.


    Are my view justified?
    Originally posted by rentmekid
    I only ever see such posts when landlords are:

    A) moaning about the responsibility of a landlord/ flat out not fulfilling these legal
    Duties
    B) looking for ways to avoid paying second home stamp duty

    In this case, no I'm not jealous or hateful. People run business and should fulfil legal responsibilities and pay whatever tax they are due.
    Survey Earnings 2017 - £163
    • Guest101
    • By Guest101 13th Jun 17, 2:59 PM
    • 14,478 Posts
    • 14,182 Thanks
    Guest101
    • #7
    • 13th Jun 17, 2:59 PM
    • #7
    • 13th Jun 17, 2:59 PM
    After reading a number of posts/replies on this forum, I have noticed that many people hate the idea of someone owning more than 1 property and renting out. - Define 'many', as I think you're being liberal with the facts


    Frequent comments are: "people cant afford to buy one property, why should you have 2", or similar. - Can you quote where you have seen this?


    At the end of the day, a private landlord is providing a similar service to the housing association, so why the hatred, or is it jealousy? - Who knows, but it's not a widespread view


    Also, its not the Landlords fault that someone cant afford a house. - no idea what your point is


    Are my view justified?
    Originally posted by rentmekid
    Why do you feel the need to have your views justified? - just curious.


    You're entitled to have your views, whatever they may be.
    • AdrianC
    • By AdrianC 13th Jun 17, 3:10 PM
    • 14,710 Posts
    • 13,078 Thanks
    AdrianC
    • #8
    • 13th Jun 17, 3:10 PM
    • #8
    • 13th Jun 17, 3:10 PM
    One of my biggest bug bears is 'accidental' Landlords.
    Originally posted by csgohan4
    ^ This.

    There is nothing wrong with private sector property rental. It's a very necessary part of the housing mix of the country.

    The problems start when the terminally clueless simply see it as a really great investment, without doing any sums, without regarding it as a business activity, and without actually understanding (much less caring about) their responsibilities and duties to their tenants.
    • Penitent
    • By Penitent 13th Jun 17, 3:11 PM
    • 1,276 Posts
    • 3,791 Thanks
    Penitent
    • #9
    • 13th Jun 17, 3:11 PM
    • #9
    • 13th Jun 17, 3:11 PM
    One of my biggest bug bears is 'accidental' Landlords.
    Originally posted by csgohan4
    I hate that phrase. I keep thinking things like:

    "Oops, I slipped on some ice and became a landlord."

    "I wanted a coke from the vending machine, but I pressed the wrong button and became a landlord instead."
    • AdrianC
    • By AdrianC 13th Jun 17, 3:12 PM
    • 14,710 Posts
    • 13,078 Thanks
    AdrianC
    Frequent comments are: "people cant afford to buy one property, why should you have 2", or similar. - Can you quote where you have seen this?
    Originally posted by Guest101
    This comes very close.
    Agree with others, sell a property or pay the tax you owe.
    There are many people in the UK that can't afford to buy one house, count yourself lucky!
    Originally posted by juniordoc
    • itchyfeet123
    • By itchyfeet123 13th Jun 17, 3:13 PM
    • 371 Posts
    • 413 Thanks
    itchyfeet123
    I appreciate my landlord. He does repairs quickly, charges a fair rent, and leaves me in peace. I anticipate he will be completely reasonable about the return of my deposit at the end of my tenancy.
    But:

    *Some* landlords treat their tenants like money trees.
    *Some* landlords are terrible, whether through ignorance or malice.

    Private landlords differ from most housing associations in that their primary motivation is to get return on an investment, and not to provide a public service. With a different set of structural incentives, housing associations would continue to provide housing, while many/most landlords would be investing elsewhere.

    I don't think there's anything inherently wrong with landlords investing in rental property. There will always be people who want to rent, and there's no reason private individuals shouldn't be suppliers in that market.

    However, the current batch of consumers in the rental market includes a substantial number of people who would prefer to buy, but can't. Some of those people would never be able to buy under any circumstance. But, there are a good number of people, especially young people, who would stand a decent chance if certain structural/economic factors were different. One of those factors is the popularity of BTL as an investment, or, perhaps more accurately, recent policy history that has incentivised BTL investment. Most obviously, landlords simultaneously increase demand and decrease supply of houses for purchase, contributing to housing price increases. LL's also drive "the market" for rental prices -- people pretend the market somehow dictates prices, when in fact the market is dictated to by one or more parties in a transaction.

    So, no, it's not Landlord Jane's fault that Tenant Bob can't buy a house. However, Landlord Jane very well may have made it incrementally more difficult for Tenant Bob to buy a house.
    • AdrianC
    • By AdrianC 13th Jun 17, 3:15 PM
    • 14,710 Posts
    • 13,078 Thanks
    AdrianC
    I hate that phrase. I keep thinking things like:

    "Oops, I slipped on some ice and became a landlord."

    "I wanted a coke from the vending machine, but I pressed the wrong button and became a landlord instead."
    Originally posted by Penitent
    Things like this, from somebody trying to avoid paying back a deposit they didn't protect...?
    You have absolutely no idea whatsoever of the backstory as to how we ended up being landlords and it certainly wasn't a case of 'suddenly deciding' to be one.

    I asked for advice, not snide comments.
    Originally posted by Gin and Milk
    • LuckyG
    • By LuckyG 13th Jun 17, 3:16 PM
    • 123 Posts
    • 201 Thanks
    LuckyG
    I've never read any comments such as " some people can't afford 1 property, why should you have 2" on here.

    I really don't think anyone cares how many properties another forum member has, I'm sure we all have more important things to focus on other than being jealous of some unknown individuals "status" on a forum.
    • marliepanda
    • By marliepanda 13th Jun 17, 3:17 PM
    • 4,563 Posts
    • 9,182 Thanks
    marliepanda
    This comes very close.
    Originally posted by AdrianC
    Taken from a post which had nothing to do with landlords, but with someone's post titled 'how to AVOID second home stamp duty'

    If you can't afford second home stamp duty, you can't afford two homes...
    Survey Earnings 2017 - £163
    • marliepanda
    • By marliepanda 13th Jun 17, 3:18 PM
    • 4,563 Posts
    • 9,182 Thanks
    marliepanda
    I've never read any comments such as " some people can't afford 1 property, why should you have 2" on here.

    I really don't think anyone cares how many properties another forum member has, I'm sure we all have more important things to focus on other than being jealous of some unknown individuals "status" on a forum.
    Originally posted by LuckyG
    Especially as in the case quoted whilst the OP did 'own' two properties, the negative equity meant he just owned a massive debt to the bank...
    Survey Earnings 2017 - £163
    • AdrianC
    • By AdrianC 13th Jun 17, 3:18 PM
    • 14,710 Posts
    • 13,078 Thanks
    AdrianC
    Taken from a post which had nothing to do with landlords, but with someone's post titled 'how to AVOID second home stamp duty'
    Originally posted by marliepanda
    Well, apart from the poster being the landlord of the first property.
    Property 1
    I have a mortgaged with a friend - purchased approx 10 years ago.
    This property has not been my residence for 4 years.
    We would sell it but it is in a lot of negative equity.
    It is now let out.
    Originally posted by Moderatelymod2
    Especially as in the case quoted whilst the OP did 'own' two properties, the negative equity meant he just owned a massive debt to the bank...
    Originally posted by marliepanda
    I don't think mortgages work the way you think they do.
    • marliepanda
    • By marliepanda 13th Jun 17, 3:21 PM
    • 4,563 Posts
    • 9,182 Thanks
    marliepanda
    Well, apart from the poster being the landlord of the first property.


    I don't think mortgages work the way you think they do.
    Originally posted by AdrianC
    Missed that bit about it being let out. But that wasn't the point of the post nor the reason for posting. He was bemoaning the stamp duty.

    And sorry if your house is worth 50 and you owe the bank 60, you don't own anything, IMHO. I certainly don't feel jealous of someone who 'owned' 100 houses if their worth was below the debt secured on them.
    Survey Earnings 2017 - £163
    • Guest101
    • By Guest101 13th Jun 17, 3:26 PM
    • 14,478 Posts
    • 14,182 Thanks
    Guest101
    This comes very close.
    Originally posted by AdrianC
    I think that was more telling the OP how lucky he or she was, not that they shouldn't have two. I don't think anyone was advocating an extreme socialist agenda
    • AdrianC
    • By AdrianC 13th Jun 17, 3:28 PM
    • 14,710 Posts
    • 13,078 Thanks
    AdrianC
    Missed that bit about it being let out. But that wasn't the point of the post nor the reason for posting. He was bemoaning the stamp duty.
    Originally posted by marliepanda
    Which he needed to pay SOLELY because he owns a property for his rental business activities.

    And sorry if your house is worth 50 and you owe the bank 60, you don't own anything
    Yes, you do. You own a house worth 50. You also owe 60 on a loan secured against it, and if you don't pay the house can be repossessed - but that doesn't mean anybody else owns the house. The very fact that the house CAN be repossessed shows that you explicitly DO own it.
    • AdrianC
    • By AdrianC 13th Jun 17, 3:29 PM
    • 14,710 Posts
    • 13,078 Thanks
    AdrianC
    I think that was more telling the OP how lucky he or she was, not that they shouldn't have two. I don't think anyone was advocating an extreme socialist agenda
    Originally posted by Guest101
    Don't give Comrade Time any more ideas.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

262Posts Today

1,573Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin