To hate landlords?

[MsPeachh]

Last month, I had to move suddenly. I found the flat I’m in now, it had just been bought by my landlord and I’m the first person in after the former owner moved out. It’s an ex-council house that the owner had purchased under “right to buy” and now I have to pay a third of my salary to a private landlord for what was originally meant to be affordable housing.

I’m a scientist in my late twenties with good qualifications and I feel total despair that I might never be able to afford my own home, and I will be lining someone else’s pockets via rent for the rest of my life. Let alone what anyone in a position less fortunate than mine is supposed to do.

To make matters worse, I looked up my landlord’s info on Companies House and I discovered that they have 22 properties in my area! It’s a village on the outskirts of a town where lots of people move when they are ready to move out of the hustle and bustle and settle to raise kids. And more and more of these properties are being snapped up by this landlord. It makes me sick, honestly. I know a lot of people become landlords accidentally in later life due to remarrying etc and ending up with two houses between one couple, but this landlord sucking up 22 houses in such a small area disgusts me. I feel like I’m completely losing hope for the future of people my age and younger as house prices keep soaring and soaring.

AIBU?

@SuperbGorgonzola its that situation in singapore with its 90% home ownership. Maybe 5% live in a house with a garden (this is due mostly to shortage of land which no one can help). My cousin bought a condo that is technically government housing but was designed for wealthier younger professional who can't quite afford the private luxury condos- it has jacuzzis, swimming pool, tennis courts and karaoke room. However, this isn't representative, Most government housing is pretty basic- flats that are 1000 square feet, 3 bedrooms and nothing special. But it means that people have a safe and stable place to live in, they can alter the interiors and do renovations based on their budget, they do not need to pay rent during retirement, they can also sell the flat to release equity. Between being that and being a renter in uk, i choose the former.

There would always be a private market for housing, just like there is a private market for healthcare. even if there was such a system of state built housing for the masses, there would never be any coercion for you to take the state option! my dh didn't use the nhs for his recent operation as he has private medical insurance, no one similarly forces him to use the nhs! However we still support there being a nhs for all the people out there who can't afford private medical insurance. Its the same way i feel about housing; i can afford to buy a london flat but honestly as a 2019 buyer, I wish I had another option other than buying on the private market. I had loads of choices on what kind of housing i could buy- flat in London, house in the Home counties? In the end however, I went for what I could afford and most FTB have this experience.

Where did I mention housing? I referred to home ownership, that's not housing.

But why is home ownership entitled? If renting was more secure & we had models popular in other countries less people would want to own so people want to own to protect themselves. Why is that entitled?

I know it's rare and anyone gloating to their tenants about ' this is paying for my mortgage or retirement fund' is a bit of a wanker really ( even if it's true ) rubbing people's noses in it isn't nice
You mean in real life or here? I would never mention this to anyone but very close friends who are home owners themselves.

Saying that, how is it different to those who mention their big public sector pension packages?

. I make about £50 profit among from it.

Why do you bother then?

@SuperbGorgonzola For me, a national housing service would mean earmarking a percentage of homes for affordable rent and the rest would be for sale to people who earn below a certain income and also keyworkers. So people who can't afford to buy on the private market.
The catch is that they can't sell to people who don't fulfil the same income eligibility requirements and probably have to sell at the same discount they enjoyed, unlike people who buy on the private market who can sell to anyone they want at market price.

It is entitled to think it's a due. Why should everyone benefit from increase in equity without having to invest?

Op this is a capitalist society. Stamping your feet and screaming you hate elements of capitalism because you yourself are not being able to be a capitalist, doesn’t really change it.

You could always move to a communist regime, see if you like that any better?

Or vote for a socialist in elections.

@dontdisturbmenow Firstly i don't think landlords are evil, am also a daughter of a landlord. I do think the state has failed miserably and there wouldn't be so much anger at landlords if almost everyone has a safe and secure home to call their own, much like how there isn't widespread anger at people getting private healthcare as everyone is eligible for nhs. The anger at landlords is due to the government's failure to provide a means for the masses to achieve control and autonomy over their homes (whether through home ownership or very strictly regulated tenancies).

Why do you bother then?
Because it's an investment I'd lose money if I sold and would then need to invest the equity in something else that would bring much in either.

As it is, it's a win/win situation. Tenants are happy and I have an investment for the future.

@Bluntness100 bringing her expertise to the thread 🙄.

[quote itsadress]@Bluntness100 bringing her expertise to the thread 🙄. [/quote]
Itsadress bringing her bitchy comments.

Why should everyone benefit from increase in equity without having to invest?

But who is saying people don't have to invest? Plus equity isn't even a given for those that do.

@hopingforonlychild, I agree about the government to an extent, but there are not helping things by continuingly increasing tax on rental, make it more and more difficult to evict non paying or disorderly tenants, and making it almost I loose to recuperate the lost funds.

It is becoming much too risky for the best landlords, ie. those with one or maybe two properties managed by a good agency for what they can earn from it This means that it's more and more often left to those big scale landlords OP is moaning about.

Small landlords are not looked after by the government anymore than tenants are.

@Bluntness100 Without being blunt, do you know what bitchy means?

Because it's an investment I'd lose money if I sold and would then need to invest the equity in something else that would bring much in either.

So it works for you, regardless of how much profit you make now.

So everyone should own their home? Whether you have two people working FT in demanding, long hours stressful jobs, or you have one working minimum hours and the other a SAHP, both get to enjoy ownership of a nice enough house for all the children.

Then what? Everyone entitled to a owned house in the best areas, next to the best schools?

So it works for you, regardless of how much profit you make now
Yes, as long as I get to benefit from it in the future!

@dontdisturbmenow Nope. Like i said before, in singapore, we have 90% home ownership. 80% live in government flats, 10% live in private condos and houses. Not equal. Most definitely not communist or even socialist.

On the NHS, I am not entitled to unlimited IVF, nose jobs and laser eye surgery either. If I want those things, i have to earn more money to pay for it, just like how people who want nice houses work harder to pay for it. Only essential medical procedures. But I don't think having the NHS means uk is a communist country or british people are entitled or anything like that.

So everyone should own their home?

Is it entitled for an individual to want that?

Yes, as long as I get to benefit from it in the future!

That's the gamble of an investment.

At an individual level I just don't believe it's an entitled to want to own your home. As I said upthread I think if we had a system like @hopingforonlychild describes many people would be very happy with that.

However we have the current system in the UK where tenants (not all) are often not provided with secure tenancies, safe environments etc. Many people want to own to simply have a bit more control, I don't think that's entitled.

This moan about evil landlords is just boring. Surely @MsPeachh as you are educated, that you understand that saving and cutting your cloth accordingly is the way to go?

You are in charge of your own destiny. You make the decisions about the qualifications you have and the jobs you hold down. This self pitying nonsense about everything being everyone else's fault Is exactly the reason why people don't get to where they want to be. Because in order to get there you have to have the ambition and drive and sense to make a plan and stick to it.

I'm in my mid 30s, no help from anyone here. I started at the bottom and bought a house as soon as I could because I knew that paying off the mortgage would help long term. It wasn't in the area I most wanted to be in. But rather than moaning about the high rent you're paying, why not turn that around and see how your landlord has made themselves a success. And think how you can get yourself on the ladder too.

Read the Rule of Wealth. It might make you see your situation in a different light

itsadress I think it is unreasonable to expect to own a house without buying it. I think it's reasonable to say that everyone should be entitled to have somewhere to live but actual ownership is different.

[quote BlueJag]@hopingforonlychild nobody forces anybody to rent either.
Our rental properties are our pension. We sacrificed holidays, new cars, restaurants to be able to buy properties to rent.
We don't have a private pension and a state pension isn't going to keep us feed.
We do it because we have to. We love some of our tenants but some have destroyed our properties.
And when the damage is extensive we have to pay. When people don't pay their rent who pays? We do. Very risky to be a landlord precisely because people think we are taking advantage and like some said we are parasites for offering a service.[/quote]
What do you mean 'nobody forces anybody to rent? What else could people do? Sleep on the streets?????