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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To not feel sorry for landlords?

128 replies

CuriouslyMinded · 21/09/2023 17:07

Honestly, so many people seem to have Buy To Let mortgages that they can't really afford and I can't help but think that if the interest rates are making life that difficult that they're struggling to feed their kids or whatever the latest headline is, then they should just sell their extra properties. There are first time buyers are desperate to get on the ladder for one thing, and also tenants don't deserve to have their rent increased by cash strapped landlords, and no one really needs to own more than one home. It's just so greedy. I don't feel sorry for them at all. I do appreciate that tenants need somewhere to live and not everyone can afford to buy, but part of the reason it is so difficult to buy a home is because so many people have overstretched themselves to own multiple properties that they don't even take care of half the time. The whole system is flawed and awful. Rant over!

OP posts:
Fififafa · 22/09/2023 18:27

anniegun · 22/09/2023 18:03

One problem is that most private landlords do not create housing, they just buy existing stock (creating a shortage) and then rent it back. Many renters would have been able to buy had prices not been driven up by better capitalised amateur landlords. Large build to rent companies do at least add to the supply. Obviously the answer is more social housing but y'know Tories!

In my experience most portfolio landlords aren’t building new houses, they are just purchasing existing ones, on a larger scale.

Cosyblankets · 22/09/2023 18:53

Zebedee55 · 22/09/2023 18:10

This. It is totally pointless berating people who are perfectly entitled to live in the home they may have had for decades. They won't move, unless they want to.

They don't have to, so that's where they will stay. They don't care what people on SM think.

Councils/HAs cannot throw out those with an assured tenancy. Assuming the rent is being paid, of course.

We need MORE affordable housing - preferably provided via social housing.🙄

Where?
There's no space left in my town.
Unless of course we sell off the parks.

evuscha · 22/09/2023 19:14

Yeah exactly, that’s the goal, isn’t it?
Big companies that can buy these properties for cash and use them for profit, that’s fine.
But god forbid you as an individual own more than 1 house that you later sell and use for your retirement/give that to your kids. The horror.

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