Why do people resent buy-to-letters so much?

Hasbeen

HENRY78 wrote: »

These properties you talk of should of been sold to a young couple where one of them are in the trade and be a long term project for a HOME to live in for their family.


I bet my bottom dollar that they were put on the market or sold at auction and said couple were out bid by a greedy BTL landlord with a portfolio who then refurbished the property and rented it out.


I have seen this time and time again in the area I live in.

You have lost your dollar then, these were properties lying empty for a few good years in bad state of repair the were un mortageable sold on open market advertised for months. Not much houses sold at auction here unlike England bought cash, spent cash to do up and let out for renters who were looking for good affordable living.

Its called providing a service to people who want it LOL

chucknorris

Crashy_Time wrote: »

Do you honestly think that a degree has any worth nowadays?

Yes absolutely (not all degrees are of equal value of course). Go on then, tell me what is wrong with graduating with a degree in quantity surveying.

CLAPTON

Crashy_Time wrote: »

Do you honestly think that a degree has any worth nowadays?

degrees theses days are about as much use as owning a nice house

HENRY78

Don't be silly.


First of all with regards to Brits being happy to rent. I presume you are talking about Germany where is the norm to rent. They have rent controls in place. For example you could rent a nice 2/3 bed house near the centre of Berlin or Munich for around £600 a month. In London you are looking at £2000+++++. It is regulated properly and they have a different view. If it was like this in the UK you might have a point. But its quite clearly not. So your argument is irrelevant.


It is universally accepted that BTL landlords are pushing up prices. I use the example of flats because where I live in Hertfordshire the new build flats are ridiculously expensive for what they are, out of reach for their targeted occupants (young single working people and couples) So instead the vast majority are purchased by Landlords who rent a single Bed flat for £800 and a 2 bed flat for £1200. Absolute madness.


Get rid of the BTL Landlords you would see very quickly a correction in the prices to the right level.

Crashy_Time

CLAPTON wrote: »

degrees theses days are about as much use as owning a nice house

If the house is secured on a massive un-payable Jumbo Dumbo mortgage I would tend to agree.

Somerset

HENRY78 wrote: »

You do not create any jobs.

What's your obsession with creating jobs, that it's the only measure worthy of a business ? Nobody I know personally has gone into business 'to create jobs' - it's solely been to support themselves. In fact they avoid 'job creation' like the plague because of the red tape and regulation. Those that I know include boat brokers, accountancy, farmers, plumbers and builders (who pay cash in hand if help is needed ). They are all businesses, they all pay tax - the business is to support them, not you.

Crashy_Time

chucknorris wrote: »

Yes absolutely (not all degrees are of equal value of course). Go on then, tell me what is wrong with graduating with a degree in quantity surveying.

Well the negatives might be that there are too many graduates with the same degree because everyone and their granny is going to "Uni" these days (I don`t know if this is the case here but certain degrees have suffered from this in recent years)


Another would be that IMO there is not going to be a building boom in the UK any time soon, no matter how much people on here try to convince themselves there is a housing "shortage".

mwpt

Conrad wrote: »

Why would property be cheaper if owners were buying them instead of LL's? If anything LL's drive a hard bargain and try and get places for less, it is after all an investment / business.

Because owners are constrained by mortgage lending limits and repayment mortgages. They cannot simply remortgage existing properties, borrow yet more money and buy a house based purely on how many people they can squeeze into it for rental cover.

You say renting should only be a small part of the market, yet many people in the last 20 years argued the Brits should be happy to rent 'as they do on the continent', that we should 'get over our ownership obsessions'.

A lot of people want to rent. We need landlords (either private or corporate). I and many others would prefer that landlords could not outbid OOs and we're happy the legislation moves a little way to correcting that. Next up should be looking at mandatory long term tenancy (on landlord side) and better powers for landlords to evict non complying tenants.

Hasbeen

HENRY78 wrote: »

Don't be silly.


First of all with regards to Brits being happy to rent. I presume you are talking about Germany where is the norm to rent. They have rent controls in place. For example you could rent a nice 2/3 bed house near the centre of Berlin or Munich for around £600 a month. In London you are looking at £2000+++++. It is regulated properly and they have a different view. If it was like this in the UK you might have a point. But its quite clearly not. So your argument is irrelevant.


It is universally accepted that BTL landlords are pushing up prices. I use the example of flats because where I live in Hertfordshire the new build flats are ridiculously expensive for what they are, out of reach for their targeted occupants (young single working people and couples) So instead the vast majority are purchased by Landlords who rent a single Bed flat for £800 and a 2 bed flat for £1200. Absolute madness.


Get rid of the BTL Landlords you would see very quickly a correction in the prices to the right level.

Here I think BTL are keeping prices low 2-3 beds flat 350 /month
Semi detached drive garage 450 to 475 / month
But then I think I would not want to stay in London etc but then again Edinburgh is expensive but most people commute in from more affordable areas.

chucknorris

Crashy_Time wrote: »

Well the negatives might be that there are too many graduates with the same degree because everyone and their granny is going to "Uni" these days (I don`t know if this is the case here but certain degrees have suffered from this in recent years)


Another would be that IMO there is not going to be a building boom in the UK any time soon, no matter how much people on here try to convince themselves there is a housing "shortage".

That's why I said that all degrees were not equal in value, and then specifically asked you about a quantity surveying degree (the degree course that I teach on).

You don't need a building boom to justify the number of QS graduates, either currently or looking at the period back to 1990 when I graduated.