The economy and the autumn statement

HENRY78

Depends on their situation. you can grab figures out of the air all you like. Too broad in what you are saying to give a definitive answer. But I have a couple of ideas...

If you are talking about people who are in need of short term accommodation then why not house share with an Owner Occupier who has a spare bedroom? I did that once about 15 years ago and charged £300 a month. Worked well for me and the tenant. Also why cant the council/Government benefit from some sort of set up for these people offering good quality, well managed accommodation at a reasonable rate? This is off the top of my head.

loads of better options than private landlords who are one of the biggest reasons for this disastrous housing situation we find ourselves in. I bought my first home at 21, 19 years ago now. I was earning a decent wage but nothing that amazing I purchased a 2 bed house for £90,000 in Hertfordshire. That is unfortunately not possible now. This is the problem and Private landlords are big reason for this.

CLAPTON

HENRY78 wrote: »

Depends on their situation. you can grab figures out of the air all you like. Too broad in what you are saying to give a definitive answer. But I have a couple of ideas...

If you are talking about people who are in need of short term accommodation then why not house share with an Owner Occupier who has a spare bedroom? I did that once about 15 years ago and charged £300 a month. Worked well for me and the tenant. Also why cant the council/Government benefit from some sort of set up for these people offering good quality, well managed accommodation at a reasonable rate? This is off the top of my head.

loads of better options than private landlords who are one of the biggest reasons for this disastrous housing situation we find ourselves in. I bought my first home at 21, 19 years ago now. I was earning a decent wage but nothing that amazing I purchased a 2 bed house for £90,000 in Hertfordshire. That is unfortunately not possible now. This is the problem and Private landlords are big reason for this.

at the moment you don't share your own home with a immigrant family
and the tax payers haven't set up good quality, well managed accommodation at reasonable rent for the several million renters.

it would seem your good luck in buying in Herfordshire was totally undeserved but this is unavailable at the moment to everyone else.

just a dislike of land lords then

mwpt

BarryBlue wrote: »

I have a BTL portfolio and am currently buying another, due to complete within the next few weeks. However, I intend to buy a couple more, and a 3% hike in stamp duty will mean that money will have to be found from rents. My initial reaction is that in my case that will be spread across all of them.

What sort of charity business are you running that you aren't charging the maximum you can already?

HENRY78

What are you on about? I see my house as a home. NOT a commodity. Like it should be! I didn't buy it to make a living out of it! Just a home for me. See the difference? For all I care my house could be worth half of what it is now. Its worth just 1 house! Because I am not going to sell it and live elsewhere.


I gave a couple of solutions and you are talking about me not sharing with an immigrant family? That is separate issue all together.

CLAPTON

HENRY78 wrote: »

What are you on about? I see my house as a home. NOT a commodity. Like it should be! I didn't buy it to make a living out of it! Just a home for me. See the difference? For all I care my house could be worth half of what it is now. Its worth just 1 house! Because I am not going to sell it and live elsewhere.


I gave a couple of solutions and you are talking about me not sharing with an immigrant family? That is separate issue all together.

your two solutions were
-for OO to offer a spare room : this is already an option so will add precisely zero to the accommodation on offer
I assume you won't be offering anyone a spare room?

- the taxpayer could build a few million homes : this doesn't solve the current issue of where you expect the current renters plus the new additions to live right now.

you just dislike landlords

chucknorris

mwpt wrote: »

What sort of charity business are you running that you aren't charging the maximum you can already?

I've never charged the max. rent in almost 25 years, in fact, at the beginning I rented to friends, to give myself a soft introduction to being a landlord, by giving friends good deals (for them and me). His business might be similar to ours, charging below the market rent offers us a much wider choice of tenant, we are very fussy about who lives in our properties. We invested a lot of money and we definitely want tenants who will appreciate and the property and will look after it. Also we want to maintain a good landlord/tenant relationship, so we want tenants who are honest, trustworthy, reliable and good communicators.

chucknorris

CLAPTON wrote: »

you just dislike landlords

What on earth made you jump to that conclusion? To be fair, unlike you or me, he obviously knows most landlords, otherwise how could he possibly make a statement like 'most landlords don't pay the correct amount of tax'?

mwpt

chucknorris wrote: »

I've never charged the max. rent in almost 25 years, in fact, at the beginning I rented to friends, to give myself a soft introduction to being a landlord, by giving friends good deals (for them and me). His business might be similar to ours, charging below the market rent offers us a much wider choice of tenant, we are very fussy about who lives in our properties. We invested a lot of money and we definitely want tenants who will appreciate and the property and will look after it. Also we want to maintain a good landlord/tenant relationship, so we want tenants who are honest, trustworthy, reliable and good communicators.

I apologise if it came across as vindictive, and having previously lived in a great house at below market rent with a good relationship with my LL, I appreciate your business model.

But "nobody touch landlords or the puppy gets it" arguments get quite tiresome.

HENRY78

I think Private landlords are the scum of the earth for a variety of reasons as partially stated in my posts above. There are solutions. But the government would have to be very drastic.


Tell me if BTL landlords didn't exist what value and service do you provide that the public would miss?
What jobs and wealth do you create?


BTL didn't really exist pre 1997. 75% of homes were OO now that has dropped down to 60% and will drop further and further every year the way things are going. Only 4 countries in the whole of Europe have a lower OO rate than we do! and these countries have a very different rental culture to what we have eg Germany.


The system is broken. Landlords are a lot to blame, would you agree?

HENRY78

Chuck Norris. In my profession I deal with a vast number of landlords and see all financial details and yes most do not pay the right amount of tax. I stand by that.