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

leveller2911

stringsmk2 wrote: »

Its not a great post, its just realisation that they can not do anything about the current market and life that we live in.

What is fundamentally wrong with me wanting a second home on the coast or in the alps? Am I not allowed to aspire to the finer things in life, or should we just live in a socialist state.

Get a grip !!!!!!

What better way for people in society feel part of that society than having a vested interest in it.Buying a "Home" for the majorty of people not only allows them to stamp their identity on it it but long term when they retire at that ever increasing age they will not have the burden of still paying rent, owning a home can give more of a sense of belonging.

IMO its immoral and nothing short of greedy to own more than one home when millions of people have little or no hope of buying a home mainly down to HPI(yes you will always have some people who will never be in a position to buy).

I blame governments for raiding pension funds and general deceit that makes people look elsewhere for a return on their investments.I would be surprised if there were any posters on here who at some time in the last decade or so who hasn't laid awake at night thinking about how they will cope finacially when /if they retire.

We all have an obligation to society but many people with 2nd homes and portfolios of BTL seem to think "F*uck society I'm alright Jack".They totally miss the bigger picture , the state of our society 20-30 years down the line.The bigger the devide becomes no gated development in the world will give protection from the effects of civil unrest.

PasturesNew

hermum wrote: »

Own 3 husbands:eek:

Couple of older ones for income and doing odd jobs.
Nice younger one for all that other stuff

diable

hermum wrote: »

Own 3 husbands:eek:

Pairs of Shoes

diable

leveller2911 wrote: »

What better way for people in society feel part of that society than having a vested interest in it.Buying a "Home" for the majorty of people not only allows them to stamp their identity on it it but long term when they retire at that ever increasing age they will not have the burden of still paying rent, owning a home can give more of a sense of belonging.

IMO its immoral and nothing short of greedy to own more than one home when millions of people have little or no hope of buying a home mainly down to HPI(yes you will always have some people who will never be in a position to buy).

I blame governments for raiding pension funds and general deceit that makes people look elsewhere for a return on their investments.I would be surprised if there were any posters on here who at some time in the last decade or so who hasn't laid awake at night thinking about how they will cope finacially when /if they retire.

We all have an obligation to society but many people with 2nd homes and portfolios of BTL seem to think "F*uck society I'm alright Jack".They totally miss the bigger picture , the state of our society 20-30 years down the line.The bigger the devide becomes no gated development in the world will give protection from the effects of civil unrest.

You could also say that its immoral to make a profit whilst running a business, why some people have more then others etc etc etc, get used to it thats life in a capitalist society if you don't like it move to Cuba where most of the population don't have anything.

suited-aces

As a tenant, I have nothing against BTLs per se, but what I despise is people stubbornly sitting with empty properties because they can't get an over inflated rent for it, while others freeze on the street.

stringsmk2

leveller2911 wrote: »

What better way for people in society feel part of that society than having a vested interest in it.Buying a "Home" for the majorty of people not only allows them to stamp their identity on it it but long term when they retire at that ever increasing age they will not have the burden of still paying rent, owning a home can give more of a sense of belonging.

IMO its immoral and nothing short of greedy to own more than one home when millions of people have little or no hope of buying a home mainly down to HPI(yes you will always have some people who will never be in a position to buy).

I blame governments for raiding pension funds and general deceit that makes people look elsewhere for a return on their investments.I would be surprised if there were any posters on here who at some time in the last decade or so who hasn't laid awake at night thinking about how they will cope finacially when /if they retire.

We all have an obligation to society but many people with 2nd homes and portfolios of BTL seem to think "F*uck society I'm alright Jack".They totally miss the bigger picture , the state of our society 20-30 years down the line.The bigger the devide becomes no gated development in the world will give protection from the effects of civil unrest.

least you've admitted your failings and that you are socialist. There is nothing wrong with that but we dont live in a socialist world so we all need to adapt to the real world.

It is human nature to want to suceed, some will and some wont.

Interestingly, I still have had no advice as to what I should have done with my property now that I am not living in it, should I leave it empty?

Cleaver

The_Fox wrote: »

Hear these storys all the time online, only thing is that in the real world nobody knows anyone like this. It's an urban myth created by BTL's.
Real tenants like hard working couples who cannot afford to get out of the rent trap, or BTL feeding off HB, we all know 100's of storys like that in the real world, not your fairytales.

What stories?

The_Fox wrote: »

Look mate, if you want a property BTL ramping site go to PMT motley fool, they will love you there.

Who's 'ramping' BTL?

You're a bit odd.

diable

suited-aces wrote: »

As a tenant, I have nothing against BTLs per se, but what I despise is people stubbornly sitting with empty properties because they can't get an over inflated rent for it, while others freeze on the street.

Why? I have a spare Blackberry sitting in the drawer doing nothing, it is mine and I choose what to do with it the same as one day I will own a classic car it will sit in my garage for my enjoyment but should it be taken from me and given to someone carless?

Cleaver

Doctor_Gloom wrote: »

That's way too low. It should be 80% or 90%. That'd help solve the problem.

Depends on the term 'solve'. I think a 90% tax rate on property rental would certainly mean that there wouldn't be a private property rental. Not sure where people would want to rent would live, but I'm not sure you've thought that far forward either.

leveller2911

diable wrote: »

You could also say that its immoral to make a profit whilst running a business, why some people have more then others etc etc etc, get used to it thats life in a capitalist society if you don't like it move to Cuba where most of the population don't have anything.

Having a roof over your head should be a fundermental right.

Nothing wrong with making a profit in business, making excessive/obsene profits to the cost of Society as a whole, I think is wrong , the way in which the Banks have behaved proved that point..