The Moral of a BTL.....?

System

wotsthat wrote: »

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

I've noticed this little fall back position a few times lately.

Quite frankly there's nothing I can do about it being "fair" or "nice", all I can do is ensure I do what's best for my family and I.

ILW

Clifford_Pope wrote: »

By buying land in short supply?

Or releasing some of the land being hoarded because apparemtly the builders or speculators that own it cannot afford to develope it.

wotsthat

antrobus wrote: »

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

Good spot. Despite the grass being greener in Germany we see very little data to support this.

There are some regulatory differences but the mentality seems to be different where renters are happy to rent for the long term and their landlords are willing to get rich slowly in return.

Prothet_of_Doom

wotsthat wrote: »

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

Yeah sorry. I put it here because it's sort of related to house prices, in that demand fuels price.

I'm struggling with the convincing my wife that this is a sensible proposition. My attitude is: What is the worst that could happen? How do we reduce the likely hood of that, and the impact.

Her attitude is: Panic panic, it's all too much to think about, put it under the matress,

ruggedtoast

CLAPTON wrote: »

Strangely many people on this board praise the German model where 'most' people rent.

They usually don't say, but I assume they think it morally OK to be a German landlord even if it is morally repugnant to be a British one.

If many British landlords weren't repugnant themselves they would have a better rep.

ruggedtoast

IveSeenTheLight wrote: »

No need to explore the morals...

And that pretty much sums up the attitude of the typical British landlord.

wotsthat

Prothet_of_Doom wrote: »

I'm struggling with the convincing my wife that this is a sensible proposition. My attitude is: What is the worst that could happen? How do we reduce the likely hood of that, and the impact.

The worst thing would be losing money and hearing the line 'I told you so - just wait until I tell my sister'.

Is it worth the risk?

CLAPTON

ruggedtoast wrote: »

If many British landlords weren't repugnant themselves they would have a better rep.

Yes, I too have heard strong criticisms of housing association and councils; some of which is probably as strongly evidenced based as your views.

WellKnownSid

Prothet_of_Doom wrote: »

Her attitude is: Panic panic, it's all too much to think about, put it under the matress,

Which is nothing to do with morality... is it?

The danger here is that you're working hard to address the concerns of your SIL (take it from someone with a completely bonkers SIL: you won't), rather than addressing the concerns of your wife.

Suggest the focus needs to be on how the numbers stack up rather than whether landlords are morally repugnant.

Prothet_of_Doom

WellKnownSid wrote: »

Which is nothing to do with morality... is it?

The danger here is that you're working hard to address the concerns of your SIL (take it from someone with a completely bonkers SIL: you won't), rather than addressing the concerns of your wife.

Suggest the focus needs to be on how the numbers stack up rather than whether landlords are morally repugnant.

Absolutely right. I have numerous risk vs reward senarios on a spreadsheet, with worst case, best case and most likely case. I have a list of potential pitfails and how to avoid or minimise them, with a back up plan. Because it's all coming via the Ltd Company, the most I can loose is the £100 it cost to set up 4 years ago.

But I get to the point where my wife is starting to be convinced, but she feels it necessary to discuss these things with her sister but her sister (to me at least) is the most negative and manipulive person I know, but of so sweet, and kind and generous (as long as it suits) .

What I wanted to understand was if there was any foundation to her beliefs or are they based on the fact that she's a freak:rotfl: