Rents rising again....

DELLBOY_2

well im a landlord and by renting out my properties at just under (and i do mean just ) it subsidises my other business which employs 3 people full time and one part time ,
so shall i reduce the rentals and shut the other business or what ?
also by making a profit i will pay tax and capital gains tax when i sell the property ,this in turn will help pay for those on housing benifit etc

please help as i am morally confused

Percy1983

JonnyBravo wrote: »

Selfish Percy, next you'll be wanting me to make a contribution to your bad debts from years past.

Oh and it's "lesser". Well you did ask that I point out where it was incorrect.

I have had bad debts?, I am pretty certain I haven't ever missed a payment or defaulted on anything...

Fair enough on spelling, but pointing out spelling mistake is the last line of defence when you can't find fault elsewhere.

Percy1983

DELLBOY wrote: »

well im a landlord and by renting out my properties at just under (and i do mean just ) it subsidises my other business which employs 3 people full time and one part time ,
so shall i reduce the rentals and shut the other business or what ?
also by making a profit i will pay tax and capital gains tax when i sell the property ,this in turn will help pay for those on housing benifit etc

please help as i am morally confused

Well if you business can't make a profit to cover its self without you subsidising it then I really would look at that business.

Interestingly my business is making a profit without me having a BTL. :cool:

DELLBOY_2

Also if you paid off your mortgage and had enough money to buy a bigger and better house outright would you rent your current house out or allow someone to live in it free of charge ?

DELLBOY_2

Percy1983 wrote: »

Well if you business can't make a profit to cover its self without you subsidising it then I really would look at that business.

Interestingly my business is making a profit without me having a BTL. :cool:

but you have allready said you give some of your discs away is that not victimising the people who buy your discs ???

and where do the schools get the money to employ you is that tax money from profits ??

Percy1983

DELLBOY wrote: »

Also if you paid off your mortgage and had enough money to buy a bigger and better house outright would you rent your current house out or allow someone to live in it free of charge ?

If I wanted a bigger house I would sell this one at the market rate at the time and buy another at the market rate at the time.

DELLBOY wrote: »

but you have allready said you give some of your discs away is that not victimising the people who buy your discs ???

and where do the schools get the money to employ you is that tax money from profits ??

The schools get the money to pay me by selling the dvds. They usually sell them for £5-£6 and I charge between £3.50-£5 per disc.

Any free copies come straight out of my profit, but I only class it as the loss of materials which I have got down to less than £1 per disc.

As for an act of charity to the genuinely disadvantaged, are you saying that is wrong, you will say food parcels to people who are struggling is wrong next.

DELLBOY_2

you are indeed a saint

Percy1983

DELLBOY wrote: »

you are indeed a saint

Not quite, I would do it for free (therefore a loss to myself) if I was a saint.

I am just a man trying to make a difference in my local community.

jeanJ

It is now true in most parts of the country that an individual can buy a home more economically than they can rent one. That is a reversal of the traditional behavior of the housing industry. However, a new report says that a recovery may be just down the road for the real estate industry. A brand new study claims thatthat the selling price of properties for sale is on the climb. Trulia Price Monitor, released Thursday by the real estate listing site, found that the asking price of for sale homes in the U.S. rose by 0.6 percent in February and another 0.9 percent in March. The report looked at real estate stats in 100 metropolitan housing markets. In all, asking prices climbed by 1.4 percent in the first quarter of 2012 compared to the final quarter of 2011.

JonnyBravo

Percy1983 wrote: »

I have had bad debts?

I'm pretty sure as far as you were concerned they were great debts.
You borrow some money but you get someone else to pay it off.
Nice work if you can get it. :rotfl: