The Moral of a BTL.....?

System

We're considering letting our place out. There's no shortage of people that are happy to pay £600 a month to rent something that would only cost £450 to buy, may as well exploit it.

Generali

ILW wrote: »

Is buying up scarce but essential resources for the overall good?

All resources are scarce.

Anyway, we're talking about morality not total utility.

CLAPTON

ILW wrote: »

Is buying up scarce but essential resources for the overall good?

a property being owner occupier or rented is still being used in similar ways

indeed in general, owner occupier houses have a lower occupational level than rented.

how is the change of ownership a 'moral' issue

is a council or housing association property immoral?

OffGridLiving

ILW wrote: »

German landlords tend to be corporation who actually build the properties and rent out as a long term business. They tend not to just buy up what is already a limited supply of property.

What do they do with all the old property? Knock it down in order to build a property to rent?

wotsthat

Is the house price debate part of the forum now finished replaced by the 'debate how nice people are' forum?

wotsthat

Joeskeppi wrote: »

We're considering letting our place out. There's no shortage of people that are happy to pay £600 a month to rent something that would only cost £450 to buy, may as well exploit it.

Get ye behind me Satan

jamesd

Joeskeppi wrote: »

We're considering letting our place out. There's no shortage of people that are happy to pay £600 a month to rent something that would only cost £450 to buy, may as well exploit it.

If you have the financial resources to do that it seems like a good thing to do, making the property available to those who may be unable or unwilling to buy themselves.

antrobus

ILW wrote: »

German landlords tend to be corporation who actually build the properties and rent out as a long term business. They tend not to just buy up what is already a limited supply of property.

62% of the total rental sector in Germany is provided by small private landlords. Corporations are responsible for 17%.

http://scotland.shelter.org.uk/__data/assets/pdf_file/0010/429058/Structure-Funding-and-Regulation-of-the-Rental-Market-in-Germany_Felix-Schindler.pdf

ILW

Generali wrote: »

All resources are scarce.

Anyway, we're talking about morality not total utility.

Think what possibly skews the BTL thing, is that in most cases the primary entry criteria, is already owning a home. Tends to irk those that are locked out.

System

ILW wrote: »

If you are going to actually create new housing then there is a general good.

By buying land in short supply?