Is Buy-To-Let Bust?

carolt

JonnyBravo wrote: »

it's their human rights, innit!

Yes, having a secure roof over one's head (not one you own, but one that is secure and affordable, in the way that BTL's on AST's are not, in the main) IS a basic human right.

The problem is that people like you think they have a 'basic human right' to make money at the expense of other people's misery.

carolt

JonnyBravo wrote: »

So you want it that everyone can afford to buy a house?
Even those on the minimum wage and with 6 kids?

What multiple are you suggesting for these people?

Or perhaps there is a place for those who want/need to rent to have it supplied by a landlord?

I think there is a place for private renting for people who want to rent - but that rights of security of tenure and rent controls should be restored so that those who rent could genuinely have a 'secure' roof over their heads.

I wonder how appealing that would be to all those Jonny-come-lately landlords?

HammersFan

carolt wrote: »

The problem is that people like you think they have a 'basic human right' to make money at the expense of other people's misery.

That seems to be out of line to me.

90% of the population could fall into that catgeory if you go down that route (i.e. anyone with money in a bank, anyone who has pension investments, anyone who texts in to vote on the X Factor ).

That chip on your should carol - you really should get that looked at.

mr.broderick

HammersFan wrote: »

That seems to be out of line to me.

90% of the population could fall into that catgeory if you go down that route (i.e. anyone with money in a bank, anyone who has pension investments, anyone who texts in to vote on the X Factor ).

That chip on your should carol - you really should get that looked at.

Don't even go there, she is incessent.
Starts multiple threads stating how great it is to be renting at the moment when deep down she is desperate to buy. Can't weigh her up.

minimoocow

Until relatively recently we had a BTL and like others were accused by friends, colleagues and family of pricing out first time buyers. Ultimately we looked at the property completely objectively - it was very run down in need of modernisation but was ultimately somewhere we'd have bought a few years earlier as FTB.

Viewings were at a set time on a Saturday so we had the opportunity to view along with about 12 sets of other potential purchases most first time buyers. We were the only offer they got . . . why? because the place needed some work and I can only guess the FTB's wanted show homes like on the TV!!!

Actually it didn't need that much doing once we'd stripped out 40 years of grime, shocking carpets and wallpaper but some of the FTB's couldn't see beyond that - one couple actually walked in the front door and out the back!!!

So just like not everyone wants to buy it seems if they do they don't want to buy every house on the market.

As it happens we decided to sell in Jan and it went to . . . a FTB who liked the fact it was ready to move in, new double glazing, carpets and decoration!

Cleaver

carolt wrote: »

The problem is that people like you think they have a 'basic human right' to make money at the expense of other people's misery.

Ye Gods. This site had some really interesting debate on this subject not too long ago, but these types of comments seem to be more and more common.

You honestly believe what you've just written there Carol?

Gorgeous_George

My tenant has security of tenure.

If she pays the rent, adheres, in the main, to the terms agreed in the AST, I will manage her home so that she doesn't need to.

What carolt really wants is for council houses to be run by incompetent councils and subsidised by taxpayers.

My tenant had a similar Housing Association house a stone's throw from my BTL but chose to pay my slightly higher rent. HA houses are rarely carpeted, decorated and maintained as well as I look after her home.

GG

carolt

Cleaver wrote: »

Ye Gods. This site had some really interesting debate on this subject not too long ago, but these types of comments seem to be more and more common.

You honestly believe what you've just written there Carol?

Yes, of course I do. It's hardly the first time I've written on the subject.

Why, does it hurt?

carolt

Gorgeous_George wrote: »

My tenant has security of tenure.

If she pays the rent, adheres, in the main, to the terms agreed in the AST, I will manage her home so that she doesn't need to.

What carolt really wants is for council houses to be run by incompetent councils and subsidised by taxpayers.

My tenant had a similar Housing Association house a stone's throw from my BTL but chose to pay my slightly higher rent. HA houses are rarely carpeted, decorated and maintained as well as I look after her home.

GG

Why would I want coucil houses to be run by incompetent councils? As a taxpayer, I'd like them run by competent councils, thank you.

But better competent councils than incompetent private landlords, surely, who are only in it to make a fast buck at the expense of their tenants?

I think your problem, GG, is because you're clearly a kind, honest and professional landlord you labour under the understandable misappprehension that all landlords are like you - they aren't.

Just because you wouldn't turf out a tenant on an AST just like that doesn't mean other landlords don't. Just because you charge a reasonable rent and maintain your properties well, doesn't mean all landlords do.

Sadly.

If they were all like you, I would have no argument at all with BTL.

JonnyBravo

carolt wrote: »

council homes for those who cannot earn (and I mean cannot - not will not) are essential in a civilised society, and a far better use of public money than lining the pockets of speculators, such as chucky and Jonny Bravo, who - bizarrely enough - don't think so.

Can't guess why they would have that point of view. :rolleyes:

There are over 1 million people on council housing waiting lists.
Who's going to pay to build those 1 million houses?
How long will it take to build them?
Where will these people live in the meantime?

It's all well and good talking about what you wish to happen but realistically it's not going to happen.