Any long term renters in? Do you worry about your future?

FBaby

[Deleted User] said:

FBaby said:

[This is the problem with Government policies. On the surface some seem OK but the reality can cause serious issues]
The biggest mistake the gov has introduced is taxing in capital. All well for those owing multitude properties but those with 1 or maybe even 2 properties, many also work FT in decently paid jobs and are now taxed 40% on all income from rental. Add the added cost of checks that are legally expected to be carried out, increasing  agency costs, insurance, repairs and maintenance, making any form of profit is proving much more difficult. 

Add the risk of no rental income for up to a month, to never see it even after the tenant is evicted, the whole cost of the eviction process and suddenly there is little to gain for any landlord but stress and risk.

With house prices going mental it's no surprise many have taken the jump and sold.  

Those taxes should go up massively until it's no longer worth owning property to let.

The only way to solve this is to make property a bad investment.

And then what? We've already seen that landlords selling has no impact on house prices, and indeed, it continues to go.uo encouraging more and more landlords to sell.

Then you have all the people who can't afford to buy, who need to rent, who know there's no point going on the council list who have to fight against 10, 20, 50 other families for the sane rental home. 

Is this really a good outcome?