Why do people think landlords are greedy

sooz

LOL, you've reminded me of our experiences at uni. I chose to rent through the accomms office. The carpets were hideous, but at our request, changed. We got it in writing before we'd sign the contracts.

My then boyfriend went for the cheapest possible place, owned by the notorious LL who owned atleast 100 properties. Not one past tenant had anything good to say about him, except that the rent was cheap. The carpets moved, the beds sagged, the sofa was all springs, the bathroom was green & living, the kitchen floor sloped, & the slugs used to slide out . Needless to say all the problems got worse, & only briefly improved when the LL was murdered. I rarely stayed over, & never ever showered there.

Dylanwing

Some Landlords are greedy ba**ards - simple as that!

paintpot

Dylanwing wrote: »

Some Landlords are greedy ba**ards - simple as that!

The operative word being "some" which is a word that can be applied to most things in life.

neverdespairgirl

moneysavinmonkey wrote: »

Where are all these wonderful MSEer landlord who treat their tenants with respect and maintain their properties well?? I've yet to find a single landlord who has behaved properly!!

To be fair, we have a very nice LL. We pay less than market rent (quite a bit less, I think) and in return we don't get hassled, we sort out minor problems, and everything's fine.

dopester

santashelper wrote: »

Some people have a misconception that when someone does a buy to let they are just being greedy.

I know many people who are doing buy to let because they took out an endowment mortgage and have now found the shortfall will not pay their mortgage and they have had to look at alternatives to help them through life.

I think it is down to personal circumstances and sometimes people generalise to much before they know individual circumstances

I'm not really bothered about landlords any more.

So many of them have larged it up about how great and successful they are, chin up in the air, in the easy credit boom...

... and all the BTL brigade who thought the boom could never end, and MEW-ed it up, over and over in to the boom, buying ever more properties, are being, and will continue to be, taken down by the property and economic downturn.

I've just read about another landlord it happening to on SP. Wipe out !

The ultimate justice. Landlords who were oh-so-intelligent and successful, losing all their BTLs, their own homes, and having to rent themselves. Love it.

Captain_Mainwaring_2

Ian_Griffiths_Halifax wrote: »

Unless you live in a Teepee and then it's a necessity

How?












You would end up being too tense.

Captain_Mainwaring_2

dopester wrote: »

I'm not really bothered about landlords any more.

So many of them have larged it up about how great and successful they are, chin up in the air, in the easy credit boom...

... and all the BTL brigade who thought the boom could never end, and MEW-ed it up, over and over in to the boom, buying ever more properties, are being, and will continue to be, taken down by the property and economic downturn.

I've just read about another landlord it happening to on SP. Wipe out !

The ultimate justice. Landlords who were oh-so-intelligent and successful, losing all their BTLs, their own homes, and having to rent themselves. Love it.

Yawn Dopey, change the fricking record.

What about the one like me who make a good screw out of for minimal investment? Oh, and even now, I've made a fortune out of the place.

dopester

going2die_rich wrote: »

Most of them are just first time buyers who are jealous at the BTL Landlords being able to afford things they can't.

I wouldn't worry about it, as FTB's failures in life are hardly your problem.

It is this kind of thing why we hate you.

Also, even ISTL was still saying last month how he loves his tenants paying off his house for him. That one really wound me up over the last few years.

Anyway - prices are crashing now and we're in to a serious economic slowdown with unemployment and pay cuts coming - so those land "lords" who've over-extended their debt positions can get what is coming to them.

Captain_Mainwaring_2

moneysavinmonkey wrote: »

I now have substantial savings and a good job, as does my partner, but we can not afford to buy somewhere of our own. We could afford a BTL - mainly due to the tax breaks on the mortgage!!
Why this is allowed for BTL landlords and not FTBS (or all homeowners for that matter) is not understood by me.

No you don't, you can't have. Interest rates are still low and housing will be cheap as chips in the next few months and you can't buy? Something isn't right. What does that make us BTL landlords who bought and went through the first crash with 14% interest rates?

I'm tired of listening to whingers now who claim that they cannot afford it - if you have this notional deposit of yours, you can get finance under your belt and just wait to clean up when one of your skint BTL landlords comes along.

As for all the rest of your speech, I keep asking myself why people move into situations like that, I would take more diligence over buying a packets of cornflakes than some people take over renting a house, where have you people lived in the past that you will move into these places? down a drain?

dopester

Captain_Mainwaring wrote: »

What about the one like me who make a good screw out of for minimal investment? Oh, and even now, I've made a fortune out of the place.

Fine. If you've not over-extended your debt by MEW-ing on and on for more properties on margin, enjoy the profits you've made.

The greedy however are a different story.

Factor this in to your business plan.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.