Why so much hate for Landlords on MN?

You do realise that investors don't have to lend money to landlords at all?

Where do the people who think landlords are evil and landlording should be banned think people who can’t afford to take out a mortgage should live?

Not everyone has family to fall back on or can take out a mortgage my parents were strict catholics who disowned me at 16 for getting pregnant would have lived in a homeless shelter forever if not for a landlord. Whether you had a bad experience or not they are still providing a service that is needed. Supermarkets are profiting off people needing food should they be banned?

Van living? Property guardianship? Are you joking? You think that's preferable for people than renting a house or flat that can be a temporary home? Honestly some people are almost extremists. Does what people actually want come into this at all? Just a bog standard, regular home to rent for a while, not living in some vacant random potentially completely appropriate or a van that has limited climate control and is totally inappropriate for most people.

How are CLTs going to purchase the huge amount of land they would need to be effective?

It's all just pie in the sky

You’re taking this too literally. It’s my ideal world. The private landlords no longer borrow money (because they don’t exist) so the only market to lend to is social landlords.

@coulditbeme2323 , I’m not embarrassed…

No, I think people hate landlords in real life too, they just don’t say it to their faces.

Yes it would.

You need to look into why HAs can access cheap capital and grants and how scalable this would be. A billion pounds is nothing. It would stretch and completely break the credibility of any government sovereign guarantee when you're trying to raise a trillion pounds which is what you would need to cover the cost of acquiring all the property in Britain's private rental market portfolio.

You would also have issues with the fact that investors like social housing because it is government backed and has a much lower default risk. It is far less volatile then the open market as it is immune to regular market pressures from economic downturns from example. To make all rentals into social housing would involve encompassing all kinds of tenants, not those that are on government backed benefits. This would increase the risk and therefore increase the cost of borrowing.

It's not my spare house. It's currently someone else's home. Someone who'd be renting from someone else if not me (by the way she's had 3 other landlords in the 25 years or so I've known her and they've all been good). As they should be as so is she!

So that DH and I have somewhere to live when we retire and/or so our daughter does. It's a long term plan. I waited years for interest rates to rise and lacking a crystal ball, bought rather than have money sit in accounts with low interest.

Why don’t you sell it and invest the money on something that gives you a return? What’s the point in paying someone £3k a year to live in your spare house?

I make a loss of £3,000 ish a year.

It's more than worth it to retain an excellent tenant.

She will never be able to buy (although I don't think she wants to actually). She is single and on a low wage. I suppose she may inherit money.

The majority of landlords in the UK, like me, own one property.

I don’t think it is always that simple.

Sell it.

Why would they need to rent the house? You could just sell it surely?

That’s a ridiculous statement. Lazy thinking? Most of the land in Britain was stolen, first by the invading Normans who handed it round to their mates, and then by the Dissolution of Monasteries and Enclosure. I don’t really call the Selling Off of Council Houses or Buy to Let moral either.

Land and territory is a necessity for life, and the one question I never get answered by landlords is, if owning a house is such an unreasonable proposition for a working person exactly why does the landlord need 10 or more?

To be fair there are some people who are forced into being landlords. Being a POA and Paying for care homes is an obvious one.

Hear hear!! It’s invariably a conscious decision, almost always for financial reasons.

Nobody ever woke up one morning to find random people suddenly in their property, and said, ‘How the hell did that happen?’

Typical landlord story sadly.

They'll do anything to get you in and paying their mortgage for them and have no qualms about lying.

My last one before my current told me the garden (it was a converted house of five flats) was mine as was the driveway. It was even iny contract - private garden and driveway.

After moving I discovered he had said the same thing to all other flats, that the garden was theirs. When I brought this up with the landlord he told me no no it's definitely yours, I'll tell them to stop using it, and he never did. The other tenants showed me evidence he was saying the same to them.

He also used to turn up and use my driveway, told neighbours they could use it and would let his son turn up and use it. Response was always "well, I own the building/my dad owns the building". We were definitely sold a rental with a drive. It was a town centre property and we had a large van, we'd never have rented it if we hadn't been told the drive was ours.

He would dump old furniture in the hallways of the flats.

He refused to replace my fridge, which was rented to me as part of the property

Any argument would result in him throwing a huge tantrum, shouting, throwing his hands up in the air and driving off then getting his secretary to phone me later.

We lasted a year and when we moved out, he sent a picture of a random, huge, and very expensive looking mirror we'd never seen in our lives, saying we'd broken it and wouldn't be getting our deposit back. We then discovered he hadn't protected our deposit and he backed down when we threatened to sue him, and gave us back our deposit plus compensation which was satisfying.

He was a muti millionare, with tonnes of properties who also owned farms and a wedding venue. And he tried to scam a young family out of a rental deposit.

Far took many stories like this. They are all pretty much the same type of people.

Because landlords are evil

My dd student landlord is awful. He tried to charge her for a fault which was nothing to with her and until the workmen told him it was a break through other means, he was threatening all sorts. She's 19 and was terrified. Evil fucker makes 5000 a month out of them on a house he's owed outright for years and has done the bare minimum, if anything, when they've had issues. The other dc had similar issues when at university.
I'm so relieved she's leaving there this month

Because most people think they make lots of money but as an accountant that does lots of rental accounts most make a loss. But that doesn’t fall in most renter’s narratives

It's the state of the housing usually. You rent it, then you find the back wall is leaking and mouldy, so you can't put food in the kitchen cupboards. The bathroom, that looked fine on viewing also goes mouldy in 6 weeks, because of course the landlord just slapped paint over it prior to viewing. The gas inspection is due, and your boiler is condemned and not replaced, so you are freezing for weeks. Chimney never got swept, so one day you come home and everything is covered with soot after it all fell in. My husband once rented somewhere and found when pulled the bed out, two bricks were missing from the wall which rather explained the howling gale! Add to this the fact you paid a whacking deposit and months rent upfront for the privilege off all this, and you could go off landlords....

I am a decent hardworking person, I have owned houses and rented houses. The last landlord I had seemed reasonable when I met him house looked ok. I never dried anything in the house and to my horror had a thick layer of mould on all the walls in the rooms we slept in - he admitted eventually he had just wallpapered over it. He refused to sort it. Leaving me running heating, constantly, opening windows and running dehumidifier and I found documents showing he knew there was a mould issue 5 years before. Bastard had lied to my face when I moved in and initially blamed me for the mould. He still hasn’t sorted it for next ten tenants - they only last a year and move. He laughed to my old neighbour that he just paints it. He could really cause someone harm from me he got £20,000 and didn’t spend a penny on his house (no mortgage) and when I was complaining about mould he replied that he was on holiday in Barbados for 8 weeks and would have a look when back! That’s why - we have experience and 99% of them treat it as income for no effort.

All of those scenarios you mention are short term.

Alternative housing models can be sought for these scenarios and would be more widespread if there were no private leeches landlords.

Property guardianship, community land trusts, van living etc are all viable options to these short term scenarios.

Noone needs to own a second home and no one needs them to. Noone and noone.

Why would anyone rent out a house if they weren’t making a profit?