Rents rising again....

Percy1983

chucky wrote: »

I understood your point.

The price of rent is affected by effective demand just like your product. If more people were able to buy property, rents would drop. You know the rest...

Back to a previous point, BTL is in part causing its own demand as it pushes how prices up.

Percy1983

RenovationMan wrote: »

Who you rent off and where you rent is optional, so my point about pricing still stands. The landlord sets his rental prices according to his client's ability to pay.

If a landlord has accomodation in a desirable/wealthy area then he can ask a higher rent than accomodation he may have in an undesirable/poor area. A certain element of his pricing will obviously be down to his own costs - a property in a desirable area will cost him more than one in an undesirable one, but he will also factor in his client's ability to pay.

If a landlord charges higher rent than his peers, then his customer base can make the choice to rent with the landlord's peers or to rent in a less expensive, less desirable area.

I don't see how the business model is any different from yours or any other business venture.

The big difference is if all landlords with available properties raise the price (which is what is happening) then what choice do people have? Yes one landlord rising prices will price themselves out, but if they all do it then they have people trapped into paying higher rents with one of them.

Interestingly price fixing is against the law in retail but not the rental market.

DpchMd

Yawn. This argument is going nowhere.

RenovationMan

Percy1983 wrote: »

The big difference is if all landlords with available properties raise the price (which is what is happening) then what choice do people have? Yes one landlord rising prices will price themselves out, but if they all do it then they have people trapped into paying higher rents with one of them.

Interestingly price fixing is against the law in retail but not the rental market.

Are you really saying that all landlords in the country have come together in a cartel and are fixing prices?

Percy1983

DpchMd wrote: »

Yawn. This argument is going nowhere.

I agree, if people can't see what is morally wrong with what they are doing they really can't be helped.

JonnyBravo

Percy1983 wrote: »

I agree, if people can't see what is morally wrong with what they are doing they really can't be helped.

You are quite right. Just like those borrowing vast sums which they then get innocent parties to help pay the debt off.
The prudent getting shafted once again.
And not in a nice way. Disgracefully and morally bankrupt behaviour from imprudent and voracious debt junkies.

Percy1983

JonnyBravo wrote: »

You are quite right. Just like those borrowing vast sums which they then get innocent parties to help pay the debt off.
The prudent getting shafted once again.
And not in a nice way. Disgracefully and morally bankrupt behaviour from imprudent and voracious debt junkies.

Yep it is highly immoral when people dodger debts, luckily for me I only dodged interest payments so can remain on the moral high ground. :cool:

JonnyBravo

Percy1983 wrote: »

Yep it is highly immoral when people dodger debts, luckily for me I only dodged interest payments so can remain on the moral high ground. :cool:

I think not.
It's something we can never agree on.
I find it morally repugnant that the bad habit debts of a morally bankrupt debt junkie should be paid off by an innocent party after a quick bit of slick patter.

Moral high ground? That's not high ground, that's quick sand, and it swallows up debt junkies whole.

RenovationMan

Percy1983 wrote: »

I agree, if people can't see what is morally wrong with what they are doing they really can't be helped.

Is that it Percy? Your basic argument rests on the 'fact' that all BTL landlords are in a UK wide cartel and fixing prices and that even if they are not, you 'believe' the whole business model is repugnant anyway?

Percy1983

JonnyBravo wrote: »

I think not.
It's something we can never agree on.
I find it morally repugnant that the bad habit debts of a morally bankrupt debt junkie should be paid off by an innocent party after a quick bit of slick patter.

Moral high ground? That's not high ground, that's quick sand, and it swallows up debt junkies whole.

Still can't see the point where anybody has paid my debts off for me, yes there is points where I have borrowed form x to pay y and then paid x but the end sum is still I have paid all my debts, what is the problem?

Will admit the BTL industry isn't the only one I am not happy with.