BTL, vile lowlife business, nobody wants to be living under their roofs

The_Fox_3

The_Fox wrote: »

I am hearing the word "rant" a lot, more from those that are in the BTL game themselves.
I seriously do not care what your reasons are, and i don't care how many times you tell me that i am ranting, i will shout as loud as i can what an obscene and vulgar and selfish business BTL is.

There was a time when little kids were sent up chimneys are sent between dangerous working parts of a machines to clean, there was a time not so long ago where it was legal to enslave another human.
Homosexual people only decades ago were beaten up and locked up with British law fully protecting those that took great joy in dishing out their punishments.

But people stood up and said this is wrong, BTL is wrong. I just happen to be in a enviroment where i am seeing a lot of all ready wealthy people buying up property on the nod of so called financial experts who are telling these people to buy and buy and keep buying property, they don't give a toss about the human element, they are not bothered about the comfort of their tenants, they are simply an even greater money supply.

The one thing i will say about this MSE site, i am able to articulate my angry views, and yes i am angry as are millions of others. HPC is just a revenue making machine that just wants traffic from this disheartened left out renters. PMT motley fool now has a stongly censored site where only BTL rampers are allowed in, w*****s like Kingofnowhere and Mike4, friendless souless little nerds that do not give a toss about the damage they are doing to this country. They are the two biggest property sites now(i think singing pig has gone), both are too restictive and controlled.

There is a huge angry mob out there who want nothing but a chance as hard working young people to hold a stake in their own country, these are the people who should be in the family homes nurturing the next generation. Instead we are getting 55 year old Essex widows with more houses than some people have pairs of socks, treating them like investments and nothing else.

Things will get nasty, call me a ranter as much as you want, i don't give a toss, but one of these days it will go head to head and then see if you call me it then.

I am coming with my begging bowl now:)

I want to start an anti BTL site, if anyone can help me in anyway i would be gratefull. I will plough a few bob into it myself, BUT I NEED THE HELP.
Just remember those of you that are forever posting on HPC, do you think they really want the property crash to actually happen and then end. Housepricecrash was purchased as a going concern a few years ago,work it out yourself.

twadge_face

Accountant_Kerry wrote: »

Out of interest where do you propose all the current renters live if all the btl landlords are burned at the stake?

The existing tenants get an instant windfall of inheriting the place they rent, obviously. :T

Is that so different to right to buy, when the free market got to rob the public sector on a huuuuge scale?!

Cleaver

Graham_Devon wrote: »

Rational would be suggesting what would happen if new tax legislation came in tommorow for all new BTL purchases going forward.

As a genuine question, are there any other businesses that you can set up that are subject to their own tax legislation?

This isn't me trying to make a point, I genuinely have no idea.

Obviously if you run a 'business' on your own that isn't a registered company, whether it's eBay selling, a BTL, public speaking, selling homemade clothes etc. etc. you pay in line with income tax, so 0%, 20% or 40% etc.

And if you register your business as a company you are subject to those taxes. But are any of these taxes business-specific, or are they all the same?

wotsthat

Graham_Devon wrote: »

Rational would be suggesting what would happen if new tax legislation came in tommorow for all new BTL purchases going forward.

OK. I'll suggest what'll happen.

If there's a tax applied to house purchases intended for BTL then I'd suggest that this would dampen demand. If there was a tax rebate for people purchasing BTL's then this would increase demand.

Rational but not in-keeping with this thread.

Cleaver

The_Fox wrote: »

I want to start an anti BTL site, if anyone can help me in anyway i would be gratefull. I will plough a few bob into it myself, BUT I NEED THE HELP.

I'd have a look at your spelling and RANDOM CAPITALISTION OF WORDS before looking at setting up a business which has a primary aim of using the printed word to make a point.

jennikitten

Since you seem to enjoy ranting and raving so much, how about turning to a more worthwhile cause such as poverty or people trafficking or animal testing or child abuse?

The_Fox_3

Accountant_Kerry wrote: »

Out of interest where do you propose all the current renters live if all the btl landlords are burned at the stake?

In the same houses Duhhhhh!

When all the landlords(most sorry) vanish not one house will be lost, they just don't vanish you know.

wotsthat

The_Fox wrote: »

I want to start an anti BTL site

Is that where the 'huge, angry mob' are going to meet?

On an internet forum where you can all agree with each other? I guess the riot police can stand down now.

Graham_Devon

Cleaver wrote: »

As a genuine question, are there any other businesses that you can set up that are subject to their own tax legislation?

This isn't me trying to make a point, I genuinely have no idea.

Obviously if you run a 'business' on your own that isn't a registered company, whether it's eBay selling, a BTL, public speaking, selling homemade clothes etc. etc. you pay in line with income tax, so 0%, 20% or 40% etc.

And if you register your business as a company you are subject to those taxes. But are any of these taxes business-specific, or are they all the same?

Not tax specific that I am aware of off the top of my head.

But looking at it from a different angle, there are plenty of business's turned down through planning legislation, whereas a different business may get accepted for the same plot / space.

Take for instance Tesco's. My local one isn't allowed to sell paint, because there are shops in the town that sell paint. They also had to fund a new community centre to get planning permission amongst other stuff.

However, BTL can take over entire areas with no real disinsentive. Ashford, Kent.

Second home owners can buy up swathes of properties in local areas destroying the local community. Cornwall.

Linton

OK get rid of all small private landlords.

Now you have a problem. Large numbers of people either cannot afford, dont want to, or are incapable of managing their finances to support the long term commitment of buying a house. They need some sort of mechanism whereby they pay as they use - let's call this renting.

Who provides the rentable accommodation?

The state? If the state does it, it has to be done on the large scale. That means ghetto estates. It also unfortunately means large scale administration, the necessity for the state to become involved in the detail of peoples lives, and a great deal of hassle should people want to move. The importance of that final factor is a major difference between now and the height of state housing in the 1940s and 1950s.

Big business? Well, they could do it now, but dont apart from city centre high rise blocks of unsold flats or niche developments for the elderly. Why dont the banks, insurance companies, builders etc go into the rented residential market in a big way? Perhaps the returns arent worth the effort.

That I am afraid leaves the small scale landlord.