to think taking about how much you've "made" from your property is vulgar and rude

[brt100]

Firstly you haven't made anything unless you move and secondly this money isn't magiced out of thin air - people below the chain have to pay for it by working longer,having 35 year mortgages and having less of a life while they pay it back.

Also its really inconsiderate braging in front of people that cant afford to buy!

I think it was ghandi that said there is no greater evil than money earnt without work

Rant over, just had a friend round and I'm still fuming. Its bad enough at dinners

I pay the relevant tax on my BTL - it is added onto my yearly salary and included and all sorted by my accountants.

Just because others may not declare does not make us all tax evaders. I do things by the book.

Some people do sound very angry on this thread.

Maybe not paye, but it is still taxable and if not declared it is simply illegal which is another matter.

Maybe people should direct their anger towards rich non British citizens , non doms, who buy up the London houses, driving up prices deducing supply and driving up prices.

Gee, I wonder why?

Why would people be angry at non-British citizens when there are far more British ones doing it?

YABU.
I've just met up with 3 old friends and we are all in different places financially. 2 live in London 2 live in the north. We had a great chat about it all (one friends has just bought and one friend is buying in london) with a fair bit of detail r.e. deposits and mortgages.

Some of us have more money (considerably so), but we all have the lives we want and are happy with. And if any of us didn't, that would not be the fault of the friends.

It was interesting. We are good enough friends to not read anything negative into it. Perhaps you and your friend aren't that close? Or perhaps you need to identify what is lacking in your life which is nothing to do with your friend and that would stop the jealousy?

And tbh, I would hate to be jealous of a friend although I'm jealous my friend has a remote controlled shower but that doesn't count

My friend has just made something like £500'000k on her first home (valuation, trying to sell). She didn't brag, we were discussing her crappy estate agents and looking at the website with her flat on it.

It's a huge amount of money and yes I'd love to have it.

But she has to be in London for her job - so she will use it to buy a new home.

That home, although terribly valuable, will be a third of the size of where I live. I also have the life I want. So am I jealous? No. Because what my friend has to do to get that money, the life she lives - I don't want. (N.b. it's not bad and she is very happy before anyone jumps to conclusions! )

£500k I mean lol

YANBU. A "friend" of mine delights in talking about her extension and new kitchen seconds after I've said something about my council flat.

why on earth anyone would invite an estate agent into their home without it being absolutely necessary is beyond me. They're like vampires, once you've invited them across the threshold you have to envoke a binding spell to get rid of them until you actually need them to do something

Estate agents are definitely vampires, but at one time they were human, inviting one in for no reason is the first step along that pathway to joining the legions of the undead.

Dds best friends father is an estate agent so often manages to cross our threshold and is always quick to give his views on our (massively renovated) house. I feel like putting my fingers in my ears!

Some really interesting points here on owning vs renting. I don't personally se it as a vs, just simply what's best for the individual in their own circumstances.

I just wanted to respond to a couple of point made by others posters. I can't check who they were as I'm on the app. Someone said something about renters caring less about the community/their surroundings because it's easier to move on. Certainly I'm sure there are some people out there who think like that, but no one I've come across and unfortunately it's that attitude that has meant that where I live at the moment the neighbours barely speak to us. They don't make the effort because we won't be here forever. It's makes for a very isolated existence here.

Someone also made a comment about them working hard to own a property. While I'm in no doubt that it obviously takes work to own a property, it doesn't mean that people who don't own don't work hard, or don't work as hard.

Another poster also mentioned something about the OP being bitter because they are poor. I have no idea if that's true or not, so not my place to comment, but it read as if people rent because they are poor. I'd say I don't rent because I'm poor, I'm poor because I rent Unfortunately where I live the property prices are ridiculous (not London/south east ridiculous though) and I pay £150 a month more on my two bed rental than my DF pays on her three bed mortgage. Obviously she then has to take into account paying for problems on her house, whereas I don't have to, but the difference is still startling at times.

There are so, so many reasons why people rent and why people buy and there's so much generalisation and judging. The neighbours who've been nasty about me renting are of a time where it was very straight forward to get on the property ladder and I'm sure if they had to be a first-timer buyer today in the same circumstances they wouldn't be able to afford it.

I'd clarify my typos but there are so many

People don't rent because they are poor and not all landlords are rich because they have a rental property.

People shouldn't make assumptions on either side to be honest.

I see my home as an investment so I keep up with the market, and even (gasp) have an agent come out from time to time to let me know what the current value is. If I'm planning on making changes I call my agent and have a chat to make sure I won't be over capitalising. I also go to open homes in the area when they are on to have a look and compare with my home. My home is part of my retirement planning, so I like to know what is happening. For those that do own property, it's usually the biggest item of value you own, so why wouldn't you manage it sensibly and know what it is worth?

You sound like a savvy investor.

Betty: I definitely think some people hear the word landlord and instantly conjure up an image of barons and squires of old

Or more likely deputy have encountered a lazy, negligent, greedy tosser of a landlord who regards the regularly increased rent as pure profit and resents spending a penny on maintaining the property, including essential gas safety checks and basic amenities.

Anyone who has rented for a period of time will have come across shysters like this, so it is no wonder that many have a poor opinion of landlords when a very significant minority act like grasping fly by nights.

Most landlords I've met think they are gifted individuals that are virtually doing charity work. When in fact most new ones are numptys that are benefiting hugely by intervention by greater powers to keep the housing bubble from poping.

Mumsnet Bingo! Thread diversion to vicious abuse of the group called 'landlords'.

house! (so to speak...)

My dp is a landlord.

It's a pain in the arse and I look forward to the day he sells the property.

YANBU. It's really crass. I don't own a home, but will inherit a substantial amount when my parents pass, as will my husband. We didn't work for that money, as didn't those who made money on their homes through the trial of time. Can you imagine people's faces if I boasted about that? I'm anonymous here, and i still feel a bit bleurgh writing it down.

Well special if the cap fits...

It isn't like landlords are an oppressed minority and if a good portion of landlords see complying with the law and sticking to the terms of their contact as optional then you shouldn't be surprised that they have reputation on a par with bankers.

Well quite. 'Vicious abuse of the group called landlords'.

I mean really. The poor diddums.

As Churchill said,

www.cooperativeindividualism.org/churchill-winston_mother-of-all-monopolies-1909.html

"It is quite true that land monopoly is not the only monopoly which exists, but it is by far the greatest of monopolies - it is a perpetual monopoly, and it is the mother of all other forms of monopoly. It is quite true that unearned increments in land are not the only form of unearned or undeserved profit which individuals are able to secure; but it is the principal form of unearned increment which is derived from processes which are not merely not beneficial, but which are positively detrimental to the general public. "

"Nothing is more amusing than to watch the efforts of our monopolist opponents to prove that other forms of property and increment are exactly the same and are similar in all respects to the unearned increment in land. "

"Roads are made, streets are made, railway services are improved, electric light turns night into day, electric trams glide swiftly to and fro, water is brought from reservoirs a hundred miles off in the mountains - and all the while the landlord sits still. Every one of those improvements is effected by the labour and cost of other people. Many of the most important are effected at the cost of the municipality and of the ratepayers. To not one of those improvements does the land monopolist, as a land monopolist, contribute, and yet by every one of them the value of his land is sensibly enhanced. He renders no service to the community, he contributes nothing to the general welfare; he contributes nothing even to the process from which his own enrichment is derived."

It is truer today than ever, and we should not be shy about saying so.

If you want to see vicious abuse of a poor minority, try here:

www.reddit.com/r/videos/comments/273t1r/lady_tries_to_scam_what_she_thinks_is_a_dumb/

This is mainstream opinion on gypsies.

My parents are landlords, and good and fair ones, but it's luck that got them there.

I got to hear about a friend who has 'made' £200k on a flat in three years yesterday. It's why my DH and I can't buy. Or any of her friends, or her childrens' teachers, or nurses and many other people. And she only had that opportunity to 'make' that money thanks to the deposit from rich family. No hard work, no graft, sweat or tears. Pure luck.

The small grotty flat she bought with help is now beyond the means of couples earning £100k.

Absolutely bonkers.

YANBU.

What agapanthers said really. I think landlords will survive our"vicious attacks". Bit like cockroaches, they can survive anything :D

I've rented all my adult life, I will never have enough money to buy my own house. My landlord at the moment is alright but every so often he says "Give me one reason why I shouldn't increase the rent by a hundred quid. I could get you out and get in a student that'll pay that". We point out that he's never fixed anything in his puff and if he wants people to pay higher rent he actually has to start fixing shit. He's not intimidating at all though, he's just chancing his arm and it is a nice enough flat in an area we like so OK.

Previous landlords I've had have been quite frankly horrific. I had one when I was in a massively over crowded HMO (he had a licence for 8 people in a tenement flat which was bad enough but there were 13 people in there). The landlord was renting to all kinds of dodgy bastards and was a dodgy bastard himself. I came back one day to find all the locks changed and no answer from the flat, I called the landlord, no reply so I went to the pub to wait. Came back two hours later, place is swarming with coppers, they had come to escort back a tenant who my landlord's wife had punched in the face for insulting one of her kids. When the tenant left (and granted she was a bit weird but I bet anything his wife started it) he called his mate and changed all the locks so she couldn't get back in. She tried a bit later on, he started shouting the odds, police were called, they took her to "a place of safety" and negotiated that she could return to get her things. Then she spat at him on the way out and it all kicked off again. I remember asking a copper plaintively "Is this normal?" and him replying grimly "Aye, for round here."

I left soon after that and tried to get my deposit back. The landlord said "My mum owns the flat now, it's in her name so you'll have to call her". He gave me the number, I called, and got a very nice old lady who said no, it's definitely in her son's name. He had asked her but she didn't want to do it. I called the landlord back and said where is my deposit? I called your mum and she doesn't know anything about it. He started yelling at me saying "My mum has dementia. You've been hassling an old lady with dementia. That's anti-disablist. That's a hate crime and if you call her or me again I'll get the polis on you for harassment and stalking". I knew, unfortunately, he would based on previous actions, so I lost my deposit rather than go into all that shit. Which of course is what he wanted.

That is one of many reasons I don't like landlords.