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    • rentmekid
    • By rentmekid 13th Jun 17, 2:36 PM
    • 75Posts
    • 29Thanks
    landlord bashing
    • #1
    • 13th Jun 17, 2:36 PM
    landlord bashing 13th Jun 17 at 2:36 PM
    After reading a number of posts/replies on this forum, I have noticed that many people hate the idea of someone owning more than 1 property and renting out.

    Frequent comments are: "people cant afford to buy one property, why should you have 2", or similar.

    At the end of the day, a private landlord is providing a similar service to the housing association, so why the hatred, or is it jealousy?

    Also, its not the Landlords fault that someone cant afford a house.

    Are my view justified?
Page 11
    • hign10pines
    • By hign10pines 18th Jun 17, 10:22 AM
    • 377 Posts
    • 365 Thanks
    750/mo is 9k/year. Less the service charge/ground rent is 8,100. For a 135k property, that's about a 6% yield - right up there at the top-end.

    90% mortgage (120k) is 540/mo, plus that service charge/ground rent - 75/mo - so that's 615/mo for the flat that your neighbour was paying 660/mo for.
    Originally posted by AdrianC
    How's about 750 a month on a 50k purchase valved now at 172k

    Student nurse 2018 to 2020
    Debt: DMP (with Payplan) 8194 - 6.6 years left
    • Cakeguts
    • By Cakeguts 18th Jun 17, 9:01 PM
    • 4,372 Posts
    • 6,250 Thanks
    My mortgage is 450 and a doctor has bought the house either side and is renting em out for 750 a month.

    Curious what I could need that would cost me an extra 3k a year every year to make it easier to rent than buy ?
    Originally posted by gycraig
    I know the answer to this.

    Car finance
    Fancy mobile phone contract
    Exotic foreign holidays at least twice a year.

    Not everyone wants to save.
    • katebl
    • By katebl 18th Jun 17, 9:36 PM
    • 624 Posts
    • 314 Thanks
    What I want to know is how many people who can't afford to buy a property can afford car finance? I am only asking this because when I was younger I used to drive to work in a silver coloured car that had a green bonnet. The orignal bonnet had rusted so we got another one from a scrap yard but couldn't find one the same colour as the car. I don't see nearly as many cars now with odd coloured doors etc. The point with my car was that we considered buying a home much more important than having a new car or even a second hand newer one. If the old one still went you got a spare part from a scrap yard.
    Originally posted by Cakeguts

    Have you not seen on the news recently the articles referring to new car finance being a potential cause for concern?
    • Crashy Time
    • By Crashy Time 19th Jun 17, 7:06 PM
    • 6,088 Posts
    • 2,354 Thanks
    Crashy Time
    Have you not seen on the news recently the articles referring to new car finance being a potential cause for concern?
    Originally posted by katebl

    The tagged on begging letter for a fiver a month is a nice touch....
    Debt Ponzi a Go Go
    • Crashy Time
    • By Crashy Time 21st Jun 17, 10:55 AM
    • 6,088 Posts
    • 2,354 Thanks
    Crashy Time
    How's about 750 a month on a 50k purchase valved now at 172k
    Originally posted by hign10pines

    Got a link?
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