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

Percy1983

IveSeenTheLight wrote: »

The steep increase from 9% to 13% is far lower than the decrease in social rented property from 1991.

It's easier to see that owner occupancy has increased from 1991

Other than that, totally agree with your post

I will add that all the social housing which has sold off went to the occupants to which it shrunk the rental market but also shrunk the demand for rent.

Cleaver

Percy1983 wrote: »

But a house generally doesn't loose value through use to which rent should either be cheaper than a mortgage or it should taxed so the LL gets less than the mortgage, basically there should only be profit to be made once the asset is paid for as tere is no depreciation on a house (generally).

Let's say I want to start a sandwich shop business. I decide that I want to buy buy my premises rather than rent, so I take out a mortgage on a shop and start selling my sandwiches.

Or let's say I've qualified as a plumber. I decide to start my own plumbing business, so I take out a £20,000 business loan and use this money to buy a van, equipment and all the other stuff I need. I then start doing my plumbing thing.

Both of these businesses turn out to be profitable. If I understand your plans, would the owner of either of these businesses not be allowed to make any type of profit until they've paid off their loans and own their assets outright? That seems a silly system to me. Or are you just suggesting that BTL landlords have a separate rule system to all other businesses?

wotsthat

Percy1983 wrote: »

As for saying there is people in there 20's with multiple properties, of course there is as there is high flyers in every generation, my point is any boomer who bought there house in the early 90's (or before) had a massive equity from nothing during the boom which meant nearly any of them could have bought a second property with said equity (thank go they didn't all realise that) where as now the average 25 year old on average wage doesn't have that same opportunity.

It would be a bit boring if all 25 year olds had the same opportunities throughout history. The opportunities aren't the same they are just different that's all. I'd argue better now than ever.

You never know you might get in at the start of the boom in hoverboards. You'll be aged 50, on the MSE forums, having to listen to kids moaning that they can't afford a hoverboard and have to rent one from a scum landlord. It's just so unfair that some people have more than one hoverboard.

Percy, your time will come.

twadge_face

chucknorris wrote: »

I speak for myself, I am a landlord (amongst other things).

Congratulation. A winner is you.

I do not speak for all LL's

Generous.

[what] protects tenants amidst a laughably-named "assured tenancy"?

The right to have an annual gas safety check
The right to be given not less than two months notice to vacate
The right not to be evicted without a court order even if you are not paying the rent and are in arrears
The right to a minimum period of 6 months for AST's
The right to have quiet enjoyment of the property
The right to have your deposit protected
The right to have a third party adjudicate on deductions to your deposit
The right to have the property kept in a reasonable state of repair especially to structure, services, heating and bathing items.
The right to receive an EPC (European directive, not housing law)

Cheers for this summary.

I'll print it out and put it on my wall. Oh hang on, no I won't because my landlord will take my deposit for defacing his beautiful property and reducing the value of his well-deserved pension.

I of course realise that that across the board in all spectrums of life there will be good and bad in all groups of people (something you seem unaware of). What have I to lose? Absolutely nothing I am here merely for keeping myself updated and entertainment.

I sense a small iota of defensiveness, is all. And why not? BTL landlords are more widely reviled than you perhaps would like to accept. You made your bed and now you ought to lie in it, etc.

You certainly (along with the OP) appear to have a chip on your shoulder, not I.

To say we may have "chips" on our "shoulders" is quite arrogantly dismissive of the valid points we make when we criticise your so-called pension scheme.

All BTL landlords exploit the financially/socially vulnerable. Simples.

I get on well with all of tenants and realise one or some bad tenants does not mean all are bad.

Good for you. I too maintain professional relationships with all whom I happen to conduct business.

Doesn't mean I have to like them, or that they have to like me.

Business is business. It can be productive and beneficial to mutual parties conducting a trade.

BUT it can be inhuman, sociopathic and psychopathic. BTL ticks all these boxes!

BTL is a parasitic and non-productive money-sucking activity.

Don't you think it's a bit irrational to drag Hitler into this?

Reason. The last bastion of the morally out-performed.

Does it disturb you that humans can have emotions?

They do have feelings you know.

Although I do believe Hitlers regime was based on super-extreme rationalism, and look where that got us!

But... I believe I have invoked Godwin's Law.

The one thing I would say about you landlords is that you do appear to be mirthless and joyless entities. Perhaps becoming ice cold and empty is a side effect of defending your shallow existence to your [STRIKE]slaves[/STRIKE] tenants... :cool:

Cleaver

!!!!!!_face wrote: »

All BTL landlords exploit the financially/socially vulnerable. Simples.

I got the distinct impression that the people we used to rent our house to were quite minted. They certainly had a lot more money than we had that's for certain.

diable

When I was younger I knew people that had lived in the same house for 40 years and it was rental, no stupid rent increases or 6 month lets but then the Rent Act of 1977 was implemented, ok it was to protect tenants but it caused a lot on LL's (not BTL's) to sell up thus depleting the rental market and causing rental prices to increase and the 6 month contract to come into place as this happened the boom went into full swing and people who have no idea of being a LL jumped on to the bandwagon and the problems multiplied.

My family have been involved in rentals for the last 60 years, my Mum used to rent out rooms to make some extra money usually the Irish that no one else wanted back in the 60's then in the 80's the Poles and rented out on weekly basis some people stayed for years and many still stayed in touch 20 years after they left. It takes a good heart to be a good LL or Land Lady.

I have a rental not through choice but the tenants that I have, have lived their for 7 years, I don't charge them market rent as I help them out and they help me, e.g. dishwasher bust I ordered a replacement to be delivered on a Saturday my tenant disconnected the old machine took delivery of the new one a connected it up he is happy I am happy as I don't have to have the hassle of new tenants every year and he likes the stability.

Oh and a Merry Christmas to all the posters and lurkers on here.

twadge_face

!!!!!!_face wrote:

All BTL landlords exploit the financially/socially vulnerable. Simples.

Cleaver wrote: »

I got the distinct impression that the people we used to rent our house to were quite minted. They certainly had a lot more money than we had that's for certain.

I never said they EXCLUSIVELY exploit the poor.

Anyway appearances can be deceptive as I would have thought you would've been well aware in particular, Cleaver.

BTL is still a shallow, non-productive activity.

chucknorris

Cleaver wrote: »

I got the distinct impression that the people we used to rent our house to were quite minted. They certainly had a lot more money than we had that's for certain.

One of my ex tenants was really minted, at the time he definitely had a lot more than me, he just didn't want (what he perceived as) the hassle of buying somewhere

twadge_face

I would just like to remark that this is a very popular thread.

OP must be onto something.

The notion that BTL is a bad thing stirs up strongly emotive responses on both sides.

Must be a bit of a sore point.

chucknorris

!!!!!!_face wrote: »

The one thing I would say about you landlords is that you do appear to be mirthless and joyless entities. Perhaps becoming ice cold and empty is a side effect of defending your shallow existence to your [STRIKE]slaves[/STRIKE] tenants... :cool:

Yet you are the one who complains on internet forums