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

Percy1983

Flyboy152 wrote: »

I find it a little disconcerting that someone would find the withdrawal of up to twenty homes being taken out of the rental market a thing to celebrate. Tell me, what would happen if every home was withdrawn, where would people who can't afford to buy their own home live?

There also seems to be a disparity in the understanding of the term, "buy-to-let." It used to be attributed to the small investor or home owner, who has one to three properties, however, someone who owns twenty properties, has left the "buy-to-let" status behind some time ago.

But Hamish keeps telling me all these currently renting can afford mortgages if deposits where lower?

So short term a few might suffer and move in with parents/family/friends while they get a deposit together or may go into a rented home which has just become vacant as the renters have just bought one of the said properties.

Overall more houses being homes and less being investments is a good thing.

Flyboy152

Percy1983 wrote: »

But Hamish keeps telling me all these currently renting can afford mortgages if deposits where lower?

So short term a few might suffer and move in with parents/family/friends while they get a deposit together or may go into a rented home which has just become vacant as the renters have just bought one of the said properties.

Overall more houses being homes and less being investments is a good thing.

What planet are you on? If they could do that why are there so many people renting? :wall:

Conrad

I have several Muslim landlords that tell me they believe in living a good moral existence. Thier properties are in poor shape and they are Devils when it comes to late rent with not an ounce of sympathy shown to tenants who've hit bad times. At the same time thier God tells them they cannot enter heaven a rich man.

Very confusing.

Percy1983

Flyboy152 wrote: »

What planet are you on? If they could do that why are there so many people renting? :wall:

Because having your own place is generally better than than living with friends/family/parents.

Running_Horse

Percy1983 wrote: »

But Hamish keeps telling me all these currently renting can afford mortgages if deposits where lower?

So short term a few might suffer and move in with parents/family/friends while they get a deposit together or may go into a rented home which has just become vacant as the renters have just bought one of the said properties.

Overall more houses being homes and less being investments is a good thing.

Why should I suffer for your principles or move back in with family who live in another part of the country, and don't want me any more than I want them? Not everyone wants to buy, or own their whole life. Most people prefer to rent when they are young, so they can move when careers progress, or they can save, or they just don't want the hassle of maintaining a property.

Withdraw every BTL property and where will they live? Withdrawing twenty BTL houses from a small town will make it that much harder and more expensive for those who want somewhere to rent. I can remember going for bedsits in London in the 80s, and there were twenty others in the queue to be interviewed.

My only gripe is when whole streets go BTL and community and pride disappears. But that is as much to do with some FTBs expectations being too high. My FTB was a small terrace, in a road where young couples almost never buy now; they would prefer an estate house in the middle of nowhere.

goodgirl80

The_Fox wrote: »

I have met and seen many of these reptiles in many ways(living and media), none(NONE) have a decent bone in their body. Kirsty Allsopp, Grant Bovey, Rosie Millard, The Wilsons, van hoogstraten, endless MP's(big reason why it is nurtured), all those soulness cold lowlife on singing pig, you have a scrawny looking plumber who looks like he has never had a friend in his life bragging constantly and laughing at the less well off wannabe FTB's on PMT motley fool along with Kingofnowhere with his pants around his ankles and Kleenex in hand posting 24/7 why rents are going up.

That's my favourite

Thrugelmir

Flyboy152 wrote: »

There also seems to be a disparity in the understanding of the term, "buy-to-let." It used to be attributed to the small investor or home owner, who has one to three properties, however, someone who owns twenty properties, has left the "buy-to-let" status behind some time ago.

Empires build on sand. The small investors became the bigger investors. Accumalating more and more debt. A "business" built on capital appreciation and remortgaging, with little operating profit.

Flyboy152

Thrugelmir wrote: »

Empires build on sand. The small investors became the bigger investors. Accumalating more and more debt. A "business" built on capital appreciation and remortgaging, with little operating profit.

I'm sure there are some who experience that, but if they don't like the returns they should try something else.

Stalkdog

The_Fox wrote: »

...i have not touched him for over a year now as i know what he is like.

Where did he make you touch him Foxy?? Is that why you're so angry and rant all the time?

Now I understand. I'm here for you to talk to if you need someone to listen... :money:

Percy1983

Running_Horse wrote: »

Why should I suffer for your principles or move back in with family who live in another part of the country, and don't want me any more than I want them? Not everyone wants to buy, or own their whole life. Most people prefer to rent when they are young, so they can move when careers progress, or they can save, or they just don't want the hassle of maintaining a property.

Withdraw every BTL property and where will they live? Withdrawing twenty BTL houses from a small town will make it that much harder and more expensive for those who want somewhere to rent. I can remember going for bedsits in London in the 80s, and there were twenty others in the queue to be interviewed.

My only gripe is when whole streets go BTL and community and pride disappears. But that is as much to do with some FTBs expectations being too high. My FTB was a small terrace, in a road where young couples almost never buy now; they would prefer an estate house in the middle of nowhere.

I will add I am not 100% against the rental market and I am well aware some people want to rent for many reasons, but right now prices are approx 7% higher due to BTL landlords buying up the stock and causing competition for the remaining.

Many renters would have bought if the BTL landlords hadn't bought up all the local stock.

In short I think it has got out of control and it does need adressing, may be all rental properties should go back to the government, to which then rentals could be kept at prices less than mortgages and money raised would go back into the country rather then the pockets of a few greedy BTL landlords.