Buy To Let Degradation?

Pssst

I think a lot of "ordinary" people have also been spurred on to investing in the BTL market by an endless onslaught of chavvy programs about doing houses up,selling houses blah blah blah. The same boring old trash. The only thing good about such programmes was the appearance of that sultry siren Ms Beeny big baps. She has a certain something, I'm not sure what it is,but many men find her attractive. It must be a Felicity Kendal type of thing.

Anyway,on my travels, i was on a street in Clayton,Manchester the other week. A Godforsaken place i can tell you. Most of the street of semis are housing association owned. Hoards of kids all over the place,wreckage and vandalism everywhere. A conversation with someone revealed that one of the semis had been bought by some geezer from daahhnn saaff (London). A BTL-er. Turns out,he was under the illusion that he could rent out this three bed semi for £150 per week. This was perplexing to the next door negihbour who i was chatting to as she rented hers from the housing association for £60 pw!!! In all honesty, i wouldnt have lived there if the BTL-er had paid me!

Jonbvn

Wow,

By the tone of some of the posts on this thread, you would think that BTL landlords were terrorists!

I would point out the BTL is not illegal.

Guy_Montag

Jonbvn wrote: »

Wow,

By the tone of some of the posts on this thread, you would think that BTL landlords were terrorists!

I would point out the BTL is not illegal.

For a long time slavery wasn't either!

Ad

The irony is many of theses new build apartments are the social housing of the future and as I previously mentioned in another post one wonders what the future value of these pension plans will be in 20/25 years time. One block near me of eight flats has only one owner occupier. Outside there is a line of to let boards.

inmypocketnottheirs

This must be one of the worst threads I have read for bitterness.

amcluesent

>the future value of these pension plans will be in 20/25 years<

Are these flats going to last that long? Chipboard and thrown together as quickly as possible by the unskilled IMHO.

Ad

inmypocketnottheirs wrote: »

This must be one of the worst threads I have read for bitterness.

Just some observations amoungst people that can see the reality of whats happening to this nation and the society we live in. :beer:

inmypocketnottheirs

Ad wrote: »

Just some observations amoungst people that can see the reality of whats happening to this nation and the society we live in. :beer:

Perception of reality, perhaps!:beer:

Phirefly

Pssst wrote: »

Recently an old dear died. A buy to let parasite bought it,refurbed it and let it out to a young brassy blonde tart and her brood. Within weeks the one next door had a for sale sign on it and it has now sold. I wonder if it will be let out too?

You say you live in manchester but are you sure you're not talking about my street? When we moved into our street as tennants in 2005, it was about a 30/70 mix of tennants/owner occupiers. Within a month, one set of tennants moved out of #3 (a nice young couple who looked after the property) and in came a revolting loudmouthed pair of girls. Simultaneously, the elderly owner occupier of #12 moved into care and her house was sold to BTL. Within 6 months, the knock on effects have been tangible. The pleasant gay couple in #13 next to the new BTL have now put their house on the market and I've found out its because of their new tennant neighbours causing them so much grief. The nice young single man in #2 has now moved out because of the loudmouthed girls at #3 and has let his house to an equally obnoxious couple.

Found out this weekend that my next door neighbour (who is a dream - 50yr old friendly helpful lady who is happy to harbour my deliveries when I'm at work) is thinking of selling up because of the influx of antisocial tennants. No doubt if she does, another BTL nightmare will be right on our boundary. I love my house and my street and am really sad about all this

I don't think all renters are bad and all landlords are irresponsible, I rented my house until march this year and I don't think any of my neighbours would call me anti-social. However its TRUE owner occupiers take more care, since buying our house we've made the gardens over for a start. My experience of BTL on my own doorstep convince me its a scurge.

amcluesent

http://money.guardian.co.uk/weekly/story/0,,2103917,00.html

But the city council intends to fight back. It is now demanding changes in the rules that would give it more power to control buy-to-let.

"...the next stage will be to ask government to change planning rules so we could control the number of HMOs in an area in the same way as we can limit other property uses." says a council person.

There you go. Socialists will grab back effective control of your private assets (with no compensation).