to think the new rules on no fault eviction - means people won't want to be landlords?

[DragonMama3]

What do you think?

My job history - 4 months Bromley, 4 months Woolwich, 6 months Cornwall, 6 months Camberwell, 6 months Chichester, 6 months Cornwall, 18 months Bristol, 3 years Oxford, 6 months Banbury, 12 months Aylesbury, 12 months Reading, 12 months Oxford.

Where would you suggest I should have bought and commuted from?

Not all Landlords are parasites!

@TravelInHope
I'm comfy where I am thanks. Don't pretend you care about folks you rent to.

There are big barriers to entry here. So if the landlord market shrank as they sold up, people with sizeable deposits would be able to buy as the mortgage market is now far more strigent. People that can't buy will be exposed to an even tighter rental market, as rents would rise, as supply would shrink.

So in a roundabout way Supply does not equal demand.

YANBU.

There should be more social housing. An individual might want to evict their tenants if they want to sell. If they want to move in etc. social landlord wouldn't need to do that.

A response to what? Have you been drinking this evening? Try reading and responding intelligibly.

Oh just go away.

What a stupid statement. Of course it does. Housing is much cheaper in parts of the country where no one wants to live (or go on holiday). If all landlords put their properties on the market tomorrow, housing prices will eventually drop. As a result some tenants will be able to afford to buy. Not all obviously but more than currently.

The 'big' landlords will continue with multiple properties, the small ones who have one or 2 properties will quit. Housing costs will never come down low enough that low income families will afford to have a mortgage, so there will just be less properties available, and worse conditions will have to be accepted out of fear. I don't understand the 'logic' that small landlords sell up, and suddenly there is cheap,housing for all.......
You would need a deposit and to be able to afford a mortgage. Both things that are out of reach for many, many people

Well your dream is coming true as landlords are selling up in droves ergo fewer properties and even higher rents.
Enjoy!

People certainly will have to stay in hotels (or lodgings) if they're working in a different part of the country to where they live, if there's no rented housing. I guess people already use Air B&B for that, and some of those are ex rentals.

Of course supply and demand applies to the housing market, but it's not one homogeneous mass so landlords selling up won't have much short term impact on supply or prices (the supply is what economists call "inelastic"). However, most of the high profile cases in the paper of tenants forced to live in awful conditions involve local authorities, so I'm not sure that's the solution.

The forces acting on the market are encouraging consolidation - that might mean groups of properties being managed professionally, or equally, it could mean a lot of properties being managed by a letting agent who might be incompetent or plain bad. Worth noting that the large companies are exempt from some of the rules that apply to individual landlords...

When a group of people's being demonised, it's always worth asking why. It's generally to draw attention away from questions the powers that be, would rather we don't ask.

Ok not all landlords are bad, not all tenants are bad

Not all people are in a position mentally or financially to own a property- so landlords exist

Fwiw if you fail to pay rent / clean / respect your property your are probably unfit to own one - however these are the same people who also rent so pose a lot of problems for landlords (along with the many people who care for property and also rent)

I have friends who rent who are treated really well, friends who are landlords who have been treated awfully, the damage to their houses costing more than the rent they fot paid hen having to replace floor boards drenched in piss (from tenants without pets)

holes in walls and blocked drains from flushing nappies Down them
and domestically violent partners punching holes in walls.

i would never be a landlord and just air b and b if i had a spare property as tenants in my experience just don't respect the properties

But the buyers of ex rentals won't necessarily (or even probably) be people in need of housing. They'll simply be bigger landlords or in London (and to an extent, Manchester) foreign owners. Just because Brits can't afford to buy, doesn't mean no-one can.

@TravelInHope I don't drink.

Cry harder.

Without landlords, where do you envisage people living when they don't want to buy a house?

Some. I spent 15 years renting before I could manage to buy, and renting was a necessity which means landlords are a necessity.

I had a terrible one, a couple of mediocre ones and one superb one I stayed with for 8 years. She was fab. They’re just people; good, bad and ugly, but we need them.

Rented homes and owned homes are two separate (although linked) markets. If supply increases and demand remains the same, prices drop. That applies equally in either market, unless the government controls rents or meddles in house prices

My brother has just been served with a Section 21 because his landlord can no longer afford to pay tax on on ‘profit’ that he has not actually received.

His landlord offered to sell him the house below market value (and was renting it to him below market value) but my brother has a poor credit record so was declined for EVERY mortgage he applied for.

His landlord earns ca. £45k a year but the rent he receives takes him into higher rate tax (40%) meaning that landlord can no longer deduct the mortgage interest (which rocketed this year when he had to remortgage) so he gets taxed on fake profit.

Landlord cannot afford to pay tax on profit he has not received, whilst paying the mortgage on his own home and supporting his own family.

To continue to pay a similar level of rent as what he is paying now, my brother is having to uproot his son from his school during A-levels.

Landlord wanted to wait until the of A-levels but simply could not afford this or any risk of my brother not being able to pay a higher rent, then trashing landlord’s credit history.

Well done Shelter and George Osborne…

You’ve really got a chip on your shoulder haven’t you 😂

Also the cost of the interest rate increase will naturally be passed down- you pre delusional to think it wouldn't be
.

If the cost of production of crops increases would you expect to pay the same in the supermarket?

This lack of understanding is really concerning

Yeah - because the gov withdrew from its responsibility by allowing RTB and not building new homes! Relying on private LL's to fill the gaps. They now want to drive them out and replace with their big corporate cronies.
I've stayed in 10+ places for the better part of a decade. The worst properties were owned by faceless foreign companies. In fact, many flats in London are. They don't care about tenants, complaints/legal battles etc mean nothing to them.

The individual ones were lovely, mostly. Renting out their former homes having moved in with a partner, etc they did not want to see anybody unhappy in their home.

For all PP's complaining about LL's. When they sell up. These corps are the ones who can afford to and will be buying the homes as investments. Not current renters who can finally 'get on the ladder.

Gov could just provide enough housing then people wouldn't need private LL's but as it stands, they don't. So we do.

The thing is, that its so easy to blame landlords. They are parasites, they have no morals, they are the cause of the housing crisis. So they are an easy target for a government policy, lets show we're clamping down on them. Popular and easy vote winner.

However, if there was sufficient stock of good quality affordable social housing then the rental crisis wouldn't be happening. If someone who was issued a S21 could go to their council and be offered alternative accommodation straight away then life would be vastly different for hundreds of thousands of tenants.

But theres a shortage of housing, especially social housing. Councils are London are so stuck with demand that they are moving families into deepest darkest Kent and beyond. Because there is no housing available locally.

No govt is going to say, yeah we've had 30 or 40 years to fix this, anyone coupd see it coming, but instead we've continued selling off social housing and haven't increased supply significantly. It's our fault. We'll build endless homes with our non available local council money, and we'll reset the market.

So the govt has blamed landlords. Because then its not their fault. They've changed tax rules, they've made evictions take months in court, they've basically made being a small landlord as unappealing as possible.

What i believe will happen is that small landlords with 1-4 properties will leave the market and huge venture capitalist type business will move in. And these huge venture capitalist type conglomerates will then use their lobbying powers to eventually erode tenants rights further, because they will be big enough to impact govt policy

Don't blame bastard landlords, blame the lack of housw building and the sell off of social housing. Blame austerity.

It wasn't intended to be a clever comeback.

I just get fed up with people who slag landlords off without knowing the first thing about why someone might become a landlord in the first place.

But on the whole, people who only see things in black and white aren't going to be convinced that there are also shades of grey.

Some landlords are parasites of course, but not all. Our landlord could sell our house and would get way more money just by sticking the capital in the bank and collecting the interest. We had to move for work and were desperate for a property to rent and the recent changes mean landlords are selling up in droves and there’s just not enough houses to rent, so we offered £150 a month more than asking. They turned down the extra and said they were happy with the amount they originally asked for. Not exactly consistent with a parasite who is only out for what she can get