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i notice the comment about wales coming under english rules we already have our own system its called rent smart lots of rules to follow gives tenants a way to complain if needed . as a landlord got to be registered go on courses etc seems to work
 
Sell with tenant in place?
Tenants interests should take priority over the management issues of the landlords.
People need good secure homes. It should not be possible to simply withdraw this absolutely essential basic service.
If you want to be a landlord maybe you should accept that you are in it for the duration. You can't mess about with the lives of your clients.
So where will people live if there are no landlords renting property? Your solution where the landlord takes all the financial risk and a third party controls everything is doomed to failure. The landlords will sell up and ship out as they are already starting to do in Newcastle.
 
I can't believe that so many forum members give Jacob his platform to spew out his "Statistics" when you will never change his red views.
There is a certain state of mind that will cause harm to others due to their embeded beliefs and to completely disregard facts. No private lanlords give banks and venture capatalists an open door, which they will exploit. VAT on private schools will drive many parents into state schools, that are already oversubscribed and through their taxes they have already paid for their share of state education (which is a joke in itself). From his advert on this forum when selling his last house he does not live in social housing but brags about paying low council tax. Don't get me started on wind farms and solar farms, who do you think puts up the money to build them and walks away with huge profit? All of these "green" measures are subsidised though energy bills, which adversely is paid by the working poorest (and not by those on benefits). None of these facts will sway Jacob the keyboard warrior as he has all of the answers.
 
Sell with tenant in place?
Tenants interests should take priority over the management issues of the landlords.
People need good secure homes. It should not be possible to simply withdraw this absolutely essential basic service.
If you want to be a landlord maybe you should accept that you are in it for the duration. You can't mess about with the lives of your clients.
So now it is an essential service ?
Could it possibly be that you have contradicted yourself Jacob, surely not.
 
In a land of unicorns and rainbows aka the world according to Jacob.
But of course, and in his socialist Eutopia we would no doubt all be expected to genuflect before the state provided statue of the supreme leader, presumably good old Jezza, and have his picture hanging on the wall, on pain of being sent off to be re-educated.
I wonder if Jacob himself would get to keep his comparatively posh house or be forced into some flat in a "people's housing project" along with all the other proles.
Maybe as one of the faithful he would get to remain rather more equal than others.
I am constantly surprised how many long time contributors to this forum have yet to grasp that Jacob is always, absolutely invariably, right.
Resistance is futile.
If you don't agree with Jacob that is because you are ignorant, a fool, and no doubt a reader of the Daily Mail or the Torygraph.

It's quite simple really if you think about it.
 
So now it is an essential service ?
Could it possibly be that you have contradicted yourself Jacob, surely not.
No not at all. Housing is an essential service but having people just seeing it as a way of supplementing their pensions isn't the best way to provide it.
 
Does it really matter who owns the housing for rent? As long as they are providing suitable well maintained accommodation at a reasonable price.

One could, however, question whether so many people buying property to supply themselves with an income after retirement didn't distort the market somewhat If a few people do it - no problem - but if many did it, prompted by interest rates falling to such low rate, it could well have contributed to the rise in house prices. Just as foreign investment and ownership is judged to have contributed an additional 20 per cent.
 
The banking and financial crisis 2008 was a major driver for increased BTL investment. Many experienced the failure of pensions, investments and future income as businesses failed, particularly in the financial sector. Economic growth was low due to (understandable) austerity policies.

Property has real attractions - it physically exists - centuries of actual experience could expect a reliable income stream and capital growth over the long term. Low interest rates made property attractive post 2010 when gross rental yields of 4-6% comfortably outstripped bank deposits.

Not all had the capacity to invest in BTL - it requires either:
  • significant capital, possibly through high income, inheritance or remarriage, or
  • a willingness to borrow -an additional risk exposure
Those who financed BTL properties with a high level of borrowing will recently have found that rental incomes may no longer be sufficient to cover higher interest rates on BTL mortgages.

Increased selling of BTL is probably related to both increased interest rates and increasingly burdensome regulation. This does not increase or improve the housing stock - merely removes rental property from the housing market - arguably reducing market flexibility.
 
having gone through all the red tape buying and renting a house which we did to help out a family friend who left council run property i would not consider doing it again we didnt charge exorbitant rent in fact for 15 years hardly made a profit she has been a great tenant but never again just too much hassle 450 pounds to be a registered landlord always got some thing to deal with paperwork maintenance etc
 
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Increased selling of BTL is probably related to both increased interest rates and increasingly burdensome regulation. This does not increase or improve the housing stock - merely removes rental property from the housing market - arguably reducing market flexibility.
It doesn't remove "rental properties" it removes landlords. The properties remain. Quite how these should become available to those in need of housing is another matter.
In times of booming property prices it was found more profitable to leave them empty as per notorious Centre Point.
This was 50 years ago - can't even blame Thatcher! In fact the bubble was inflating long before her reign of terror. https://www.propertyinvestmentproject.co.uk/property-statistics/nationwide-average-house-price/
 
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theres a lot of hate for private landlords theres a website called the landlord zone where a book is commented on called Against landlords , how to solve the housing crisis saw a short clip by the author he really spits venom towards private landlords reckon by introducing rent caps and other things they could drive us out of the business according to him it nearly happened 50 years ago
 
Does it really matter who owns the housing for rent? As long as they are providing suitable well maintained accommodation at a reasonable price.

One could, however, question whether so many people buying property to supply themselves with an income after retirement didn't distort the market somewhat If a few people do it - no problem - but if many did it, prompted by interest rates falling to such low rate, it could well have contributed to the rise in house prices. Just as foreign investment and ownership is judged to have contributed an additional 20 per cent.
Quite, as long as the rental property is maintained to a good standard it doesn't matter who owns the property, indeed much of the state or council managed social property is in a far worse condition than much of the privately owned and managed rental homes.

Rents are fairly priced as long as they are at the market rate - Those that feel the market rate is too high should direct their energy at the factors that support these prices, such as a lack of supply in an ever growing population, and the cause of the massive inflation that every sector and industry has had to contend with etc.
 
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It doesn't remove "rental properties" it removes landlords. The properties remain. Quite how these should become available to those in need of housing is another matter.
But you need Landlords in order to offer the rental properties to those who need or want to rent.

If you drive out the small local landlords then you are left with either the state/council or large corporates who may or may not step in to fill the void that you seem intent on creating - and if you think they will do a better job than those who on the whole are personally invested in ensuring they offer decent rental homes then you are coming across as extremely naive.
 
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theres a lot of hate for private landlords theres a website called the landlord zone where a book is commented on called Against landlords , how to solve the housing crisis saw a short clip by the author he really spits venom towards private landlords reckon by introducing rent caps and other things they could drive us out of the business according to him it nearly happened 50 years ago
The hate comes from the far left whose real agenda is driven by spite and envy of those who 'have' - they dress it up as empathy for the poor, but this is clearly a lie as they don't care if the poor are helped as long as the wealthy are harmed.

The fact their solutions always lie with the ensuing that the poor are ever more dependant on the state is in itself an evil, if one really cares about those without, then they would be backing policies that assisted them to become independent and self reliant.
 
Seems we have a deeply-rooted culture of making money from property in the UK. In my experience, it really kicked off in its popular form in the 80s when you could buy a council house cheaply and sell on for a profit (as happened with the hitherto publicly-owned utilities). No need to bother with an education, just buy a wreck, do it up and flog it for a profit or rent it out and make more longer term, then do it again. It's still there every day on our TVs, no end to it. That culture has little or nothing to do with providing homes for people who need them.
 
Seems we have a deeply-rooted culture of making money from property in the UK. In my experience, it really kicked off in its popular form in the 80s when you could buy a council house cheaply and sell on for a profit (as happened with the hitherto publicly-owned utilities).
Thatcherism, in a word.
Truss was perhaps the last gasp of Thatcherism and the recent tory defeat might be the last gasp of neo liberalism and 45 years of UK decline. But Brexit is a big part of their toxic legacy, which may take some time to remedy.
We'll just have to see how our new conservative "Labour" government gets on.
 
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Thatcherism, in a word.
Truss was perhaps the last gasp of Thatcherism and the recent tory defeat might be the last gasp of neo liberalism and 45 years of UK decline. But Brexit is a big part of their toxic legacy, which may take some time to remedy.
We'll just have to see how our new conservative "Labour" government gets on.
I agree entirely with you on a lot of things woodwork, plus saw safety and also on sharpening Jacob. But hell that’s where it stops!
 

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