HMOs will replace small landlords and reduce family rental housing

[Slightyamusedandsilly]

Within the next few years, the number of landlords renting out single family homes will be miniscule. And the hatred of that type of landlord will be replaced with a hatred for developers converting and renting out HMOs, thus reducing rental stock for normal family life even further.

So if you think small scale landlords are greedy, watch this space. They have NOTHING on HMO owners.

Example. House on my street. They usually rent here for about £800 pcm. The 6 room HMO being converted now is going to rent out at £400-500 pcm per room.

This is the future.

If you live in a deprived area close to London, you might not want to live on a street of HMOs.

Victorain terraces turned into five bedsits with possibly ten adults living in a 3 bed family house. Extra parking, bins etc.

It's totally changed my home town and it's demographic. It's not lots of professional couples that's for sure..it's people with no other options open to them who move arounnd and nothing like the big edwardian house shares I knew in outer London at uni. Sold our family house and the developer started a bidding war over it. I don't blame them. It's big money. I'm just eternally grateful I'm not living next to them. Every house on the street goes to a developer. Bedsit central

The HMOs in my area are £900 to £1000 pm