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

[Nursejackie1]

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?

NEED, not want starcutter

whatever do you understand the concept of negative equity? Doesn’t seem that you do. If I’d sold it i would have not just made a loss, I would have owed the bank £20k. Not possible

I’m only trying to say on these circumstances being a landlord is pretty shit

You're still getting your mortgage (mostly) paid off by someone in a financially inferior position to you. You'll still get a six-figure asset out of the equation at the end of the process. You still have the security of knowing that you can't be turfed out at a moment's notice. Even if you were in neg equity when you bought (which was your poor decision, no-one else's) you are almost certainly in a position now, ten years down the line, to sell and make a profit. So, please, save us the pity party.

And it’s one thing saying you can’t concern yourself with things like individuals circumstances, you come in here dictating what people should do without understanding their circumstances, as long as our agenda is put forward. My only agenda on this thread has been to hopefully try to show the other side to the ‘’minted’ landlord that was mentioned in the op. That’s not always the case

Well that sounds like jealousy to me dancingbear. Without any understanding.

Nope... your 'need' is a want.

DH and I rented in a major US city (but not New York City or San Francisco which I hear are very different) and were surprised at how easy and nice it was.

Most of the rental stock was in the form of 'apartment complexes' that were owned by huge corporations and run by enormous property management companies and not individuals who were renting out properties.

My DH had relocated with work and we lived in a 'corporate apartment' for 6 months whilst we got established and then we rented a gorgeous apartment on a complex with a clubhouse, a gym, pools.

You applied for a credit check and then once it came back you signed a year-long lease (the leases were a year or you could get a 9-month one but it was more expensive), paid deposit and first month's rent and set up debit for your rent and got the utilities turned on once you set up an account. Then you were just left to it. No inspections or 'I need you to leave so I can sell the place or move my son's girlfriend in' and when your lease was up there was option to renew (usually with a small rent increase). It was all online and streamlined if you needed a repair.

And none of these horrible estate agents. OMG, they're awful.

Ultimately you will have a valuable asset, the payment of which has been at least partly subsidised by others
Indeed, that's the reason for doing it, ut you could see it that what that might become is an asset to pay towards our pension hence living more to the the benefit pot for more people on low income to get pension credit. It might also become an asset to sell to pay for private care home feels, hence putting less pressure on the social care budget. It might indirectly benefit people who are currently renting when they become pensioners.

In the meantime, when you have to pay £2, 000 in repairs that comes out of your earned salary that mean you can't afford to repaint your own walls that haven't been refreshed for 10 years because some tenants saw it as their right to do a very poor painting job over a professional one, indeed, you don't feel much sympathy.

No jealousy, rooftree. Grew up in a council flat (remember them), went to university, got a career and have a £600k house in the home counties with virtually no mortgage left. Just turned 41.

My concern arises from people starting from the same position as me who didn't have my luck (because I recognise I've been lucky) who are getting shafted from arsehole to breakfast, because they happen not to have £20k+ from the bank of mum and dad to get on the property ladder.

If you can see that professional landlording is problematic and damaging to society, rooftree, why don't you get out now? Or tell us which part of the country you are in to still be in neg eq after 11 years?

So stop having a go at me. Your financial situation Is miles better than mine and I’m not shafting anyone. Some posters on here should Consider others situations instead of jumping to assumptions about the rich bastard landlord

Well I don’t know where you get these strict landlords from because I must be as soft as clarts

My tenant does what the hell she likes
Ripped up my new carpets
Removed all the doors
Wallpapered
Took out the fireplace
Took out garage door
Usually she doesn’t tell me
She’s a nightmare
I’m going round next week
Haven’t been inside for 2 years
It’ll be interesting to see if there’s any thing left if the original features

hence living more to the the benefit pot for more people on low income to get pension credit. It might also become an asset to sell to pay for private care home feels, hence putting less pressure on the social care budget. It might indirectly benefit people who are currently renting when they become pensioners.

We gosh aren’t you the philanthropist!

Let’s not mention the fact that if others had been able to buy your second home for their own housing needs, they would have much more security in terms of their own retirement.

I never said it was damaging to society don’t put words in my mouth

Rich bastard landlord
There’s a laugh
£600 a month
Three bed , 2 reception rooms , kitchen and bathroom garage and gardens front and rear

Well you spare us the pity party then, when the overwhelming majority of tenants are in a far worse financial position than you.

I've said upthread that there are some decent landlords out there, but everyone knows that very, very many of them behave like exploitative arseholes. I don't see what you get from defending that side of the equation.

hence living more to the the benefit pot for more people on low income to get pension credit. It might also become an asset to sell to pay for private care home feels, hence putting less pressure on the social care budget. It might indirectly benefit people who are currently renting when they become pensioners.

No words.

I’ve said it a million times and this is the last! I’m not defending anyone, I’m not getting into the rights and wrong of landlords, I’m simply putting the other point of view based on fact in my situation, that not all landlords have an easy time or are raking in money. This is a fact.
That is my point. Nothing more nothing less, not complicated.

All you posters banging on about how they can't get on the housing ladder because they don't have "the bank of mum and dad" - you do realise there are such things as 100% mortgages don't you? Where you don't need "the bank of mum and dad".

based on fact in my situation, that not all landlords have an easy time or are raking in money.

Yet you seem to want to make that point without acknowledging the huge asset you’ll have at the end of the day. That’s disingenuous.

And actually, for those who have been in negative equity, it strikes me that renting your property out is very useful to mitigate your exposure. Given the ‘poor choice’ (to use the rhetoric of this thread) you made in the first place.

you do realise there are such things as 100% mortgages don't you?

Can you even get those any more?

You certainly can’t where I’m from. In fact at one point you needed 20%

I’ve acknowledged it if you read my posts properly.
Again, not my point though. The op was talking about rich landlords who control their tenants lives and stop them having real homes. My point is about the fact that not all landlords are in this situation or are like this. Can’t believe I’ve had to make my point AGAIN

you do realise there are such things as 100% mortgages don't you?

Are you posting from 1998?

Why do rented properties in the UK come with other peoples furniture and carpets? (This feels slightly eew).

The only thing I rent from my LL are bathroom objects and kitchen sink, they are fixed to the room, heating system and electrical cables, switches and outlets.
Everything else is mine - every table, chair, wardrobe, bed, matress, lamp, fridge. When I move I take my stuff, get rid of what I do not need, put the place back into 'neutral' - repaired, painted, cleaned and go on my way. If there is a disagreement with the LL, I can either negotiate or we get sb neutral in (renters / landlord asossiaction).

But landlords are comparatively rich compared to the majority of people who rent from them. Assets count when determining a persons wealth.

So I don’t think you actually have a point. Apart from a vague feeling that you’d like more sympathy.