HPC.com has now become a Brexit protest group.. Brilliant

Herzlos

You can't have met many landlords, then

triathlon

Herzlos wrote: »

You can't have met many landlords, then

And I bet you have met many going on your attitude

margaretx9

triathlon wrote: »

So you want hard working people to suffer a property crash so the lazy, bitter and selfish can take from those that deserve it more, WOW!! .. what a terrible attitude.

My advice would be to stop listening to the likes of the Bruce Banners of this world who has dragged many potential bright people down his dark path with his 100's of failed predictions. He is so thick he is actually very good friends with right now on that horrible website and does not know how much I am taking the **** out of him, along with another ID I use:)

So do you want hard working younger people on average and even above average earnings to rent for the rest of their lives so the 'greedy and selfish' who have secured the benefits of huge rises in house prices nationally simply by lazily sitting on their settee and being younger can keep all their 'unearned' equity.

You see how silly this line of argument gets.

People worked hard to pay their mortgages but they didn't work hard to see the huge rise in prices over the last 20 (even 40 years) - which were due to government policies and the liberalisation of the banking sector (e.g. quantitative easing, planning policies, a failure to replace/invest in social housing, low interest rates, help to buy, fractional reserve banking, dual income mortgages etc etc etc).

My parents worked very hard for what they actually earned from working for a living - my mum was an NHS nurse for 20 years. Their house is now 80 times what they paid for it - they didn't actually 'work' for that they were just very fortunate to be born in the right generation. They recognise that - shame perhaps you don't!

So please don't play the violin - some of the hardest working people are on low incomes doing 2 or 3 jobs just to barely make ends meet. They will probably rent for their entire lives - whereas people like them used to get a council house now they rent privately - but they work very hard! They are the ones 'suffering' - not people losing money they never earned via a 'theoretical' fall in house prices still back to levels way in excess of what they bought them for!

chucknorris

Herzlos wrote: »

You can't have met many landlords, then

I'm a landlord, and I have been so for about 28 years, I'm also a chartered surveyor and a university lecturer, my wife is also a landlord, and she is a retired actuary. I haven't met that many landlords either, but then again I haven't met that many policemen, surgeons, judges, nurses etc. But I believe that there is good and bad across the entire population, and I have seen no evidence to suspect that criminal activity is significantly higher with landlords than the rest of the population, it is ridiculous to suggest that 50% of landlords are 'dodgy'.

Crashy_Time

https://www.propertyindustryeye.com/landlords-leaving-market-in-droves-with-exodus-intensifying-in-capital/

AFF8879

Crashy_Time wrote: »

https://www.propertyindustryeye.com/landlords-leaving-market-in-droves-with-exodus-intensifying-in-capital/

“If this trend continues, coupled with the Mayor of London, Sadiq Khan’s recent pledge to introduce rent controls, it will only serve to make the situation worse for London’s renters as more landlords are forced to sell up.

“As the supply of rental accommodation falls further, tenants will face more competition for properties, which will push up rents on good-quality, well-managed properties, and leave the vulnerable and low-income people which rent controls are designed to help, in the hands of rogue and criminal operators.”

All that will happen is that rents on non-controlled properties will continue to rise so much, which combined with a fall in sales value, will make BTL increasingly an attractive option once again... and thus the cycle continues. It won’t be broken until all opposing market forces fall into line, which is possible, but could only happen very slowly/ gradually.

lisyloo

Crashy_Time wrote: »

https://www.propertyindustryeye.com/landlords-leaving-market-in-droves-with-exodus-intensifying-in-capital/

I do wonder on the magnitude of “droves” as I struggle to reconcile this with your other argument thattransactions are low and falling.
Why aren’t transactions high if landlords are selling in droves?

I’m signed up for 14 months so not worried about the rent.
Sensible people manage to carry on living their lives but mitigate the risks.

Btw - exchanged on the flat yesterday (I know you asked elsewhere crashy but can’t find that thread now).

Starting a new job next week (point being I’m getting on with life despite the slings and arrows).