BBC meet the Landlords

Graham_Devon

The "HMO daddy" said it all at the end of the show. He may be in a lot of debt, but "when prices double in 10 years time" you'll see his plan.

Pobby

Whatever the point, I also would say they will show worst cases, this just shows the total mess up of housing policies since Thatcher. This is exacerbated by the massive HPI of nigh on 15 years, in fact something that is now blowing up in some countries.

We are still in a weak economy. An interest rate which is the lowest in 300 years. Even many hard workers are on low wages. Only the week before last a relative lost a well paid job, normal commitments, wife working and a child.

In my many years, this is a very nasty recipe for civil unrest, social exclusion and youngsters feeling pretty desperate.

CLAPTON

Pobby wrote: »

Whatever the point, I also would say they will show worst cases, this just shows the total mess up of housing policies since Thatcher. This is exacerbated by the massive HPI of nigh on 15 years, in fact something that is now blowing up in some countries.

We are still in a weak economy. An interest rate which is the lowest in 300 years. Even many hard workers are on low wages. Only the week before last a relative lost a well paid job, normal commitments, wife working and a child.

In my many years, this is a very nasty recipe for civil unrest, social exclusion and youngsters feeling pretty desperate.

everyone should have more income than the average wage.

tax the rich so that everyone this income

no need to actually produce anything that anyone whats to buy

mouseymousey99

I don't really agree with taxing the rich more but I'll explain why - we need people creating wealth as they are the innovators and employers - but- I do think we shouldn't tax people earining below a say £25k nor should we have tax credit which just allows people to be paid peanuts.

CLAPTON

mouseymousey99 wrote: »

I don't really agree with taxing the rich more but I'll explain why - we need people creating wealth as they are the innovators and employers - but- I do think we shouldn't tax people earining below a say £25k nor should we have tax credit which just allows people to be paid peanuts.

yes; lets just abolish tax altogether.. think of the saving at HMRC

armour

There's a lot to be said for not taxing low earners.
The more they keep, the more they spend. I'd say a £15k tax free band would. Be in order. HMG would get most of the lost income tax back in extra VAT on increased spending.

CLAPTON

armour wrote: »

There's a lot to be said for not taxing low earners.
The more they keep, the more they spend. I'd say a £15k tax free band would. Be in order. HMG would get most of the lost income tax back in extra VAT on increased spending.

show us the arithmetic

it just seems to good to be true

YoungBusinessman

CLAPTON wrote: »

show us the arithmetic

it just seems to good to be true

My thoughts exactly, why stop at £15k, be aswel give them £25k tax free if they can claw it all back in VAT.

ch3101

I saw that programme and didn't think any of the landlords were doing things right.

The HMO daddy was just an idiot taking advantage of people on benefits. He said his portfolio was worth 26million, surely he could sell up and buy nice places for professionals to live? His plan seemed to revolve around house prices rising, but for that to work he'll have to convert every HMO back into a genuine house.

Anna had the right intentions but the fact that she was renting her own accommodation was silly, and she shouldn't have taken such a mortgage that she was so financially stretched. And she should've vetted the tenants properly.

The other lady I felt a bit sorry for given there were children involved, the state their house was in at the end was disgraceful! I wouldn't rent out the family home for a while, it's always going to lead to disappointment.