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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To think that if you private rent your life should not be dictated to by the landlord whose mortgage you are paying

999 replies

Nursejackie1 · 25/05/2019 08:54

So many of us are stuck in private renting with no choice paying over the odds, while landlords are making a mint. Most landlords have all these rules that you can’t decorate without permission, can’t even put a wall hanging up without asking. Often can’t or need permission to have pets, have regular inspections. I pay loads for my home and due to that cannot save a deposit. My kids have never had their bedrooms decorated in the way I would like.. having to stick with plain magnolia. Why should somebody else decide whether my kids get to grow up with a family pet or not? AIBU to think that if you are paying somebodies mortgage for them then while you are in that house you should be able to treat it as your own within reason and not have your life dictated to and controlled by them?

OP posts:
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19
Rooftree · 26/05/2019 14:10

Well of course Laurie. No one would be a landlord if there wasn’t any benefit to them. But my point (and many others’) still stands, that there is no fincnaicl benefit to me as a landlord at the moment and for years and years to come. in fact I operate at a loss all the time and have a large amount of stress because of it. It’s not all taking it in you know. When I sell it I doubt I’ve made much of a profit over the lifetime of the property and being a landlord. It’s a one bed flat

thedancingbear · 26/05/2019 14:14

Such a millstone, owning property, isn't it Rooftree? Poor thing.

Whatevermission · 26/05/2019 14:16

Well, we don't WANT people to be landlords! That's the decking point. If rich people stopped buying multiple properties as investments to rent out, then they would be much more affordable for everyone to buy as HOMES. Plus, we want social/council housing where people ARE renting

Rooftree · 26/05/2019 14:16

I moved in with dh when I got married and lost a shit load of money on my flat in the recession so couldn’t sell it. I now lose money every month on it. Sounds like a picnic to you?

Rooftree · 26/05/2019 14:17

That was to dancingbear by the way.
I’m always stressed because of it, we’ve hadn’t good tenants but also some who have wrecked the place and cost me a lot of money. It’s no walk in the park for me. I’m an accidental landlord, not the same at all as someone who chose to do this for an extra income

Rooftree · 26/05/2019 14:18

So keep your sarcasm to yourself

Whatevermission · 26/05/2019 14:18

But roof you live in housing which is secure and affordable, which you can maintain and decorate as you need/want?

Rooftree · 26/05/2019 14:21

I never mentioned anything about decorating etc.
I’m only on here making the point that there are many accidental landlords who lose money every single month due to property they would love to sell but can’t afford to due to being in negative equity. I’m only trying to say on these circumstances being a landlord is pretty shit

OhDearGodLookAtThisMess · 26/05/2019 14:21

Well, we don't WANT people to be landlords!

Well, actually, some of us DO! Where would my student DCs have lived whilst at University and not able to get into Halls, if there were no temporary lets available?

LaurieMarlow · 26/05/2019 14:24

my point (and many others’) still stands, that there is no fincnaicl benefit to me as a landlord at the moment and for years and years to come.

So? Why would there be an expectation that it pays out constantly and then pays out significantly at the end?

Ultimately you will have a valuable asset, the payment of which has been at least partly subsidised by others.

I find it bizarre that you would be complaining that you’ve had to put money into it? Do you think you shouldn’t have to or something?

Whatevermission · 26/05/2019 14:24

🤣😂

Rooftree · 26/05/2019 14:25

Laurie I’m not even going to bother with this, you’re purposely ignoring everything I’m saying

dreichuplands · 26/05/2019 14:27

I want people to be landlords, I need somewhere to live for a few years and don't want to buy. I want a house to rent and am happy that I have one.
My tenant could actually buy a house but has their own reasons for choosing not to do so yet.
It simply isn't true that everyone always wants to buy.

Puzzledandpissedoff · 26/05/2019 14:33

Let’s not forget wages have quadrupled since the 80s but house prices have risen tenfold

I agree that ridiculous house price inflation can be an issue, but am not sure about "tenfold". In 1981 I bought a 3 bed semi for £16,250 and sold it in 1988 for £26,500 ... and that same house was for sale last autumn at £130,000, which by my maths is just over a 5 fold increase

Bad enough, I know, but not always totally unaffordable, which is probably why so many FTB's are still able to buy their own places here in the east midlands, even without help

That's absolutely not to deny the much worse problems elsewhere, but every area's different ... and they're not all the south east

OhDearGodLookAtThisMess · 26/05/2019 14:34

It simply isn't true that everyone always wants to buy.

Exactly; nor are they able to. And the market would be in an even worse state if they were.

StarCutterCookie · 26/05/2019 14:39

When I was first starting out with my OH no way would I have wanted to buy a house, of course it made sense to rent to see how loving together was.

Saying there shouldn't be landlords is fucking hilarious Biscuit

StarCutterCookie · 26/05/2019 14:40

Living together....

Whatevermission · 26/05/2019 14:42

We need the rental market to be social/council owned

Rooftree · 26/05/2019 14:44

So what was I supposed to do with my flat once I went into negative equity because of the recession whatever?

Whatevermission · 26/05/2019 14:45

It doesn't really matter what you want individually imo. For everyone to have access to secure and we'll maintained housing, that's how it needs to be. Of course rich people want private landlords so their kids can go to university. That's not a priority when families can't afford homes/get evicted every year or so

OhDearGodLookAtThisMess · 26/05/2019 14:46

We need the rental market to be social/council owned

We really don't. Why? Just because you have envy issues that some people can afford a second property?

Whatevermission · 26/05/2019 14:48

Sell it at a loss roof. Using the logic of many people on here...you should have made better choices huh

Or move into that and sell the other house?

I can't get too worried about what people are supposed to do in such a situation, when families don't have secure, affordable, habitable homes. It's just not a priority

Whatevermission · 26/05/2019 14:50

ohdeargod I have 1 property in the UK. I own 10 properties abroad. No envy here. I don't want any extra properties in the UK, at all

scaryteacher · 26/05/2019 14:50

We rent because we knew we would only be abroad for six years and had no intention of staying longer.

One of my current tenants prefers to rent as she works and then travels, or so she told th Letting Agent, so can afford rent but doesn't want to start to save for a house (and she is in her 50s).

StarCutterCookie · 26/05/2019 14:50

You.... Not 'we' want all rentals it to be social housing.

So when my parents pass away will I be forced to hand over their house that they paid and worked for? Or will the council buy it off me at market rate?

It's all very well saying lofty statements but the detail will grind your idea into dust.

Will the same apply for business? Will the state own all rented business properties. Goodbye squillions in tax...