Don't sell rent.

twadge_face

REAL_MEN_DONT_RENT wrote: »

When your situation changes and you need to move it is a good lifestyle choice to not sell but let out your home because when you move to your new job then you'll have two distinct income streams. It's always made clear economic and financial sense to hold onto property at all costs once on the ladder.

Also known as "pulling up the ladder behind yourself".

As long as you're alright, eh? Got to look after number one. Don't worry about the next generation... Their lives are only relevant by way of providing your lot in terms of rental income. You're such a clever, clever boy!

The case in point is just imagine how infuriated all those hpcers are who Sold To Rent way back in 2002. How much money they have lost jumping off the best investment vehicle in living memory.

*ahem* ... and what about those who STR'd, only to knead the realised equity dough into gold in 2002?! I believe those people baked themselves a lovely bit of cake.

Bubbles are brilliant. It's just picking the right ones and getting out before everyone else come to their sense and start saying stuff like "that house was never, ever worth that much money."

diable

REAL_MEN_DONT_RENT wrote: »

Thank you but no one is pulling any ladder away from anyone. If you are not aware there are numerous shared ownership schemes available to help your generation onto that first crucial rung. Work on upwards from there like everyone else had to.

isn't shared ownership full of pitfalls and anyway real men don't do shared ;o))))

Davesnave

REAL_MEN_DONT_RENT wrote: »

Thank you but no one is pulling any ladder away from anyone. If you are not aware there are numerous shared ownership schemes available to help your generation onto that first crucial rung. Work on upwards from there like everyone else had to.

I don't remember needing any shared ownership scheme when I began paying my first mortgage on a single income. In fact, I don't think such things existed then.

Oh, wait, something must've changed....

Thrugelmir

Cleaver wrote: »

I've asked this a load of times on here, but may as well ask it again. What 'exceptionally generous' tax exemptions do landlords have compared to any other person who starts up a small business?

For example, can you break it down for me for someone who sets up as a hairdresser compared to someone who sets up as a landlord? What exemptions does the landlord get that the hairdresser doesn't?

No one ever gives an answer to this question.

If your not paying any tax then your not making a profit. Which surely is the point of running a business.

diable

Thrugelmir wrote: »

No one ever gives an answer to this question.

If your not paying any tax then your not making a profit. Which surely is the point of running a business.

Simply, don't admit you own a business, don't have to pay tax and pocket the cash and launder it

twadge_face

diable wrote: »

Simply, don't admit you own a business, don't have to pay tax and pocket the cash and launder it

That would only happen if any cowboy idiot moron can set up as a landlord, surely.

Oh, hang on just a tick...(!) Oh yes, the UK does happen to have the lamest and most insecure, "light-touch" regulation rental/tenancy legislation in the civilised world.

Maybe that's why "real men" don't rent... obviously preferable to kip on the streets or live at home with mummy and daddy.

Orpheo

The link in the OP is wrong. Here's the link to the "excellent" article:

http://www.dailyexpress.co.uk/posts/view/222261