To hate homes under the hammer

What's to stop young people buying a dilapidated property and refurbishing it?
House prices in general are ridiculous but it's not because of Homes Under the Hammer!
Try looking at Thatcher selling off council houses and the following governments failing to build more council houses.
Applying rent controls would appear to make things even worse , see Scotland!

If you were a tenant, what would you rather? To rent a nicely done up house like the tenants are getting, or a totally unsafe shithole that they would have got if the landlord hadn't done it up?

I wouldn't want the hassle of tenants really as houses / flats are money pits and always something needs sorting out.
I'd be too worried and don't have any builder friends or relatives to call on either
I'm sure it's lucrative, but also has lots of down sides too

if the landlords are making a profit from doing it there’s no reason councils can’t too. However they tend to be awful at doing that type of thing- you can bet they’d spend five times as much for no better results.

Where my mum lives, private rents are not much more than council and the properties are much better quality (with flooring, white goods, etc). Yet private landlords are not given taxpayers money to invest in their business.

we need a mix of housing. Councils have shown themselves to be very poor at building and maintaining affordable housing at a reasonable cost.

Homes under the hammer generally shows people refurbishing unoccupied properties and bringing them back into use (as either rentals, sales or their own home). That’s actually increasing the amount of property available and decreasing housing costs.

i get that you’re jealous but it’s not helping you

I like old property with character but couldn't deal with refurbishing one. My ideal home would be just like the 'afters', an old house sympathetically refurbished by someone else. Yes they make a profit, but they're not going to it for free are they? Do you work for free?

My dad was a builder and some property refurbishment, this is one of the many reasons I miss him!

I agree the formula is tired now and the programmes are so predictable. The only ones that are memorable for me are where people buy properties to live in themselves. I particularly enjoyed the one where a woman on her own bought a small house in Wales (?) and did a lot of the work herself on a very tight budget. She worked so hard to make a lovely home for herself.
The cheapskate landlord ones are shocking sometimes. I do like Xiulin though, his ££££££ properties are gorgeous, and the young gym owning couple do lovely renovations.
I watch every day

I've got grey in my kitchen and I like it !
It's inoffensive enough and you can brighten it up with nice pictures on the walls
I know it's probably dated by now, but I prefer it to magnolia walls.

If you dont like it dont watch it.

Except they don’t have money

I’ve always enjoyed the show and like watching genuine couples renovate a home for themselves but hate it when it’s landlords with a giant portfolio, especially the ones who do the cheapest renovation they can get away with then rent the house out for way more than it’s worth. Also can’t stand watching the beautiful detached homes get turned into HMOs.

Yes, you are right. You absolutely serve the public good and landlording is effectively a public service. We should all fall at your feet to thank you.

Nothing to stop housing associations or LA to buy houses for sale either but they don't.

This thread is just another 'all hate on LL's thread'. Nothing wrong with Homes Under the Hammer. They buy at auction. The houses are usually wrecks and need considerable work to bring them back to being habitable. On Rightmove near to where I live there are 33 3 bedroom houses for sale for under £250k. There are 47 2 bedroom houses. Some have been on the market for over 3 months. Clearly they are available for FTB to purchase yet they haven't. If I buy another it's 'greedy LL buying another house stopping FTB getting a property'. What stops many FTB's from buying a property is a lack of a deposit and/or not earning enough to satisfy mortgage multipliers or only being in temporary/fixed term employment. Not everyone can afford to buy a property and LA/housing associations do not have enough housing stock. Without the PRS many more families with DC would be stuck in temporary accommodation.

That's the best bit. I think it's funny. I think the person who chooses the music must be so happy and that they must love their job.

I looked out of curiosity into buying a buy to let house, one is frankly not worth anything and if you bought a portfolio then after tax and accounting for maintenance, you would need a minimum of 10 to make a basic living off it. Each house (in the North east not sure about london etc...) bought cash outright would generate £4000 profit annually (although that annual profit would be entirely wiped out one year if it needed a boiler or roof etc...).

2,500 houses however would generate approx. £10 million per year though.

900 house would be about £3,600,000 income.

The one I think is excreable is The Great House Giveaway. That's an awful con of a programme as far as I can see, and the man who presents it seems to expect people on the show to be cravenly grateful.

Agree with all the previous comment on Homes under the hammer!

Hopefully the awful grey trend will die a horrible death now though because everything is just 'cheap landlord grey'.

Although I do agree HUTH is less interesting now it's basically rhe same three landlords buying old terraces and turning them into 10 flats with plastic lawn edging.

Only a fifth?

That seems very very low, everyone I know renting rents from a private landlord and landlords like mine own 100s of houses. He apparently now bored of buy-to-lets and moved onto building new builds (which will be built for £2.50 and a bit of string knowing my cheap ass slumlord).

I love it when they say things like 'oh the damp wasn't as bad as we thought so we just slapped a coat of paint over it'

And those disgusting grey carpets.

And the grey kitchens.

And just the...grey. Endless grey.

I love Homes Under the Hammer