Lots of Landlords are selling up!!

[PassingStranger]

Where is everyone going to live who can't afford to buy?

Alot of landlords are selling. Can't be bothered with all the hassle now.
People aren't paying rent and also trashing houses when they do and costing the owners lots of money to put things right.
On TikTok people are being told to trash houses. [Society gone downhill]

I know there are good tenants, but there are alot of bad ones. Family member works for estate agent and says there are more bad tenants than landlords.

You can trash a house and walk away. Nobody ever gets done for criminal damage on private rents.
There is no register of bad tenants legally allowed either. It's all left to the landlord to sort out at their expense.

Where is all the housing going to come from?
The government donthave enough.
People who are trashing houses and not paying rent are actually spoiling it for everyone..
Alot of lls are selling up now.

So being paid a large amount of money monthly doesn't benefit you?

I think it would be good for you to sell up.

I mean, seriously?

You're not providing a social service.

You're just 'encumbered' by a couple of hundred grand weighing on your neck.

It's not like you're a GP or a medical researcher.

You're literally giving nothing back to society.

Nothing.

I'm sorry it's such a struggle.

I have already pointed out that if you contact your local authority they will basically manage your property for you risk free.

I'm really struggling to feel sorry for you having the burden of £200,000 plus bricks and mortar weighing around your neck.

Do you not realise that their are extremely hard working people in the current climate who are struggling genuinely?

But, hey.

Hope your life improves.

It must be sooooo hard

Is it just small landlords we hate or large xxx portfolio companies too?
Just looking for clarification

(my THE worst landlords were multi £££ companies)

i am a single parent. When I became a single parent I was a landlord of an out a flat I used to live in and I lived in a house elsewhere that I rented. I had moved to the other end of the country and so kept the flat I owned (which at the time was in negative equity). I was worse off than you financially but was a landlord.

Have no idea what your on about?

it is completely untrue that every local authority will manage private let’s. I don’t know any that do.

landlords provide rental properties. Of course that is useful.

For many, the returns are too low relative to other investments bearing in mind the hastle factor.

Margaret Thatcher didn't have a Brummie accent. She was from Lincolnshire.

Just a minor point.

What extra home!
The poster just said they’ve just bought a property after being a renter

How will a reduction in landlords mean that there are fewer places to live? There won't be less properties. If they sell houses are still there and prices will drop.They will either be bought by owner occupiers or other landlords.

Owner occupied property tends to be less densely populated- so basically if they sell to an owner occupier less people overall will be housed (statistically).

we do need more housing of every kind. But the idea that some people have that if all the landlords sold up houses would be cheap is obvious nonsense

Good job I didn't suggest the 'Iron Lady' - the grocer's daughter - did have a Brummie accent.

She did impose right to buy.

Which remains the cornerstone of the housing crisis currently.

Happy to discuss it further.

You can come to mine?

Or I can come to your place, your place, your place, your place, your place or your place?

Up to you really.

According to this logic no one should run or own any kind of grocery store either because food is a basic human right?

And you might want to actually know what you're talking about before telling someone else they don't know what they're talking about.

Section 24 - mortgage interest is no longer a tax deductible expense - so any landlord with high mortgage costs could well be making a loss, but will be taxed as though they are making a large profit.

The cornerstone of the housing crisis is that so many landlords are
selling up so there are less rentals now
or
having to increase rent because of mortgage increases so higher rents now.

People have always rented

Exactly

You know, a lot of the arguments taking place here can be settled with some very minimal googling.

For example, many of the landlords here are claiming that loads of people prefer to rent and that they are just providing a desired service. Is this plausible? According to the British social attitudes survey, it's a hard no. A tiny minority of people actually want to rent, far fewer than actually do. The majority of private tenants are simply trapped. What about the claim that private landlords work hard to provide a good service, one that's better than other sectors, especially social housing? Again, it's a no. According to the housing survey for England, the private rental sector has the worst standard housing of any sector, including social . A significant proportion of properties are actively hazardous. You are welcome to verify these facts yourself.

Landlords, isn't just time to start being honest? Many of you seem to be aware that everyone hates you. They do, and there's a reason for that, and it's that you're exploiting them. Either stop doing it, or just suck up the judgment. Anything else just makes you look silly.

I get your thinking I understand you you don’t buy food at supermarket because you don’t like it that the supermarket owner makes the profit you don’t buy clothes because the clothes store owner makes a profit. You don’t go to restaurants because the boss makes the profit I like it the world would work better, wouldn’t it?

I keep reading you post and having trouble with your logic.
Landlords are selling rentals because basic human rights are easy cows for dears?

What? No I 'do, do' buy food at supermarkets. And other shops. Because I need food.

I struggle with the idea that people who own more than one house and rent the extra house out for money want to be regarded as doing a social service to people who need a home.

To be honest, this is why I quit teaching during my PGSE.

Sigh.

The property that they own and rent out is their business
Just as shops are businesses
They provide a service, just as shops do
The property owner makes money ( hopefully ) and pays taxes on that, just as shops do.

I don't see the link between landlords and giving up your PGCE?

Do you not understand the comparison she is making? All basic necessities that we buy puts profits in to someone’s hands.

This is completely made up! Of course I buy food ,wear clothes and go to shops!

I own the house I live in with my family outright.

No mortgage.

But I've run the full gauntlet.

I just don't agree with second homes or private landlords thinking they're fulfilling some sort of public service.

You're fortunate to have an asset when so many people - who work extremely hard - can't afford to live currently.

Moaning about taxation on a house you just happen to have in your back pocket is more than ignorant.

Its offensive.