Rent trap confounds dreams of a generation - landlord greed grows

IveSeenTheLight

Percy1983 wrote: »

If we had the same rental controls as Germany then even I would have considered renting, as it is we are far from that.

What would you like to see that is not happening here?

Percy1983 wrote: »

I agree there is a gap cause be government, but does that cause LLs to abuse that gap and squeeze every drop out of it to feed greed?

LL's are not abusing it. It's just business
Reiterating, they have only partially filled the gap that is there.
In business, investors always look at gaps and try to capitalise on those gaps.

There was a report recently showing that average rents are set to go up less than inflation.
If they were abusing the system, they could increase above inflation.

If your lookin for abuse in the housing market, may I suggest you look at energy supply companies who hike rates in the wintertime, above inflation, despite the cost of the energy decreasing.

ruggedtoast

IveSeenTheLight wrote: »

Oh, the similies just keep getting better and better.

In this similie (where there is a lack of alternative options), why don't the two share the loaf of bread.

I could show many instances in our history and elsewhere in the world where a number of generations lived under the same roof.

I repeat, housing ownership is not a right.

It was quite often warned to those wanting a house price correction the impacts it would have, yet, these points were naysayed.

Owner occupancy was higher at the peak of 2007, yet I suppose BTL LL's are to blame for the economy as well aren't they?

Because its thinly sliced and they need to take it back to their starving families. There isnt enough loaf to go around, why can you not accept this?

There Isn't Enough Loaf to Go Around

chucknorris

ruggedtoast wrote: »

Because its thinly sliced and they need to take it back to their starving families. There isnt enough loaf to go around, why can you not accept this?

There Isn't Enough Loaf to Go Around

Let them eat cake

Sampong

ruggedtoast wrote: »

There Isn't Enough Loaf to Go Around

Civil war soon then.

IveSeenTheLight

ruggedtoast wrote: »

Because its thinly sliced and they need to take it back to their starving families, who are living on benefits and playing their Xbox on their 50" LED TV, whilst smoking 40 a day. There isnt enough loaf to go around, why can you not accept this?

There Isn't Enough Loaf to Go Around

I've taken the opportunity to annotate your post including some more stereotypical responses

Seriously though, your premise is that the route cause is there are not enough houses to go around.
Maybe you should be lobbying for more properties to be built and lending restrictions to be eased instead of belittleing people who are giving those renting an option they may not have had otherwise.

Percy1983

IveSeenTheLight wrote: »

I've taken the opportunity to annotate your post including some more stereotypical responses

Seriously though, your premise is that the route cause is there are not enough houses to go around.
Maybe you should be lobbying for more properties to be built and lending restrictions to be eased instead of belittleing people who are giving those renting an option they may not have had otherwise.

Just a thought, but if there was less landlords there would be more supply, more supply would lead to lower prices, lower prices would mean more could afford to buy, which would mean there is less need for as many landlords.

So they actually restrict the market which then causes people to need them.

ILW

Percy1983 wrote: »

Just a thought, but if there was less landlords there would be more supply, more supply would lead to lower prices, lower prices would mean more could afford to buy, which would mean there is less need for as many landlords.

So they actually restrict the market which then causes people to need them.

That's because it is not an open market.

In a true "market" more items will be be made until there is a balance of demand and supply. In the case of housing, supply is restricted by external factors.
Generally controls are put in place through regulation where necessities are involved, but for some reason not with housing.

IveSeenTheLight

Percy1983 wrote: »

Just a thought, but if there was less landlords there would be more supply, more supply would lead to lower prices, lower prices would mean more could afford to buy, which would mean there is less need for as many landlords.

So they actually restrict the market which then causes people to need them.

That's one though, however we can statistically show that there is an increasing population and not sufficient properties being built.

Let's assume all BTL were sold to existing tenants.

What options are there fore people that can't afford to buy or want to be flexible in their living requirements i.e. students?

Fella

ruggedtoast wrote: »

Rot and poppycock. The only thing you have to do to be a successful landlord on the South East is be fortunate enough to have a spare property.

Surely common sense tells you this is not true?

If it was then there are more than enough large businesses out there who could & would simply buy EVERY available property in order to let them at fantastic guaranteed profits. Puny BTL landlords would not get a look-in.

ruggedtoast

Fella wrote: »

Surely common sense tells you this is not true?

If it was then there are more than enough large businesses out there who could & would simply buy EVERY available property in order to let them at fantastic guaranteed profits. Puny BTL landlords would not get a look-in.

There are plenty of large businesses which have done exactly this, they're called banks, the banks that fund the BTL loans and mitigate the risk onto the small investor, and by extension, the tenant.

Having rented several premises in the SE I am wondering what these onerous tasks are that you think landlords actually do?

All the places I have rented in London and the SE have been re-let instantly, apart from one where the landlord re-marketed at £300 more than we were paying, and got it within a few weeks.