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.

Hush now - you must not blame immigration!

It’s contrary to the horrid LL narrative.

People rent because they can't afford to buy.

If landlords start selling up, supply on the open market will increase. If lots of landlords start selling up, supply will outstrip demand. When supply outstrips demand, prices fall.

Less people will need to rent because more people will be able to buy. Demand for rental properties will go down. If it goes down enough, supply will outstrip demand. When supply outstrips demand, prices fall.

However, solving the housing crisis will only create another crisis, how are people meant to invest and save if the interest rate is so low and the stock market is so rocky. Solution = increase interest rates. But then people don't be able to afford their mortgages, so they sell their properties, supply on the open market increases, etc.

I dont think water and sanitation should be a profit making business, paying millions to share holders whilst dumping sewage in the sea.

I don’t think electric, gas, railways etc etc should be profit making business - I think they should be renationalised.

but we agree, I too think we need more social housing, as I’ve said before, universal credit/housing benefit shouldn’t be going to private landlords to pay their mortgage. If you qualify for these benefits you should be able to get council accommodation.

Everyone would benefit. Rents in the private sector would be lower, house prices would be lower and the country would have more money to spend on things other than extortionate rent and mortgage payments

Well not really because houses arent produced in the same way as crisps, new builds are obviously, but for the average person moving and selling their house or perhaps selling an empty house, its just sitting there until they feel the market is right to sell it, they can just hold off in selling if they want. Or rent it as an airbnb.

Why don't you instead negotiate with the landlord for him to pay you a fair amount for what you've improved?

Start by asking rather than threatening though. You've been there a long time and had a good relationship. He may be more open to it than you think.

If he offers a stupidly low amount, that's when you tell him that you'll remove anything he doesn't pay for.

Start the negotiation after the sale has been agreed, when your possessions are probably named in the sale fixtures and fittings...

And if he refuses, ask for the details of the buyer, and see if they would like to negotiate / put pressure on your landlord.

60-100k
2-3 beds

Example of what me and many of my friends did to get on market (though I am currently renting due to city move).
Bought cheap houses that needed little bit of work on our little salaries. 80k house needs 5% deposit + fees and mortgage of 76k is doable on 20k a year. None of us live in desirable postcodes, but not in the worst ones eirlther.
These "could be better, could be worse" postcodes are also where lanslords have been dropping stock last few years.

For most it's not about owning, but owning exactly where they want to. Now that comes with price tag

Fuel, sanitation, water railways- completely agree with you, nationalisation all the way

But they are businesses and have been for several decades now, its what we have in this country and therefore housing isnt any different.

And yes, society would hugely benefit as a whole with the proper supply of social housing, tax payer money staying in tax payers hands by way of housing benefit and social housing rents.

Don't forget the xmillion with section 21 so landlord can sell

Or, more subtly, the tenant should email the LL advising them that they have discovered the existence of Japanese knotweed in the garden, and asking them what remedial steps they plan to take.

When that provokes the LL serving the tenant notice, they should rely on that to fight the eviction.

Re water if I remember correctly there is an area in italy where water supply is communaly owned by people so all profits are returned to them (after costs etc) in discounts, lower prices something like that.

I quite like that idea tbh

@ProudCat
Some people rent because they can't afford to buy.

If house prices fall that way, then that would be tough for those people who end up with negative equity - as there was in the early 90s, and then to a lesser degree in 2007 - but the BoE certainly wouldn't see that as an investment crisis to be solved by increasing interest rates!

Did you come up with that little conspiracy theory all by yourself?

The BoE increases interest rates to control inflation caused by people spending more than is produced.

That is incorrect. What did they quote as a source? Migration observatory suggests it's up to 15% of social housing immigrants occupy.
So do other sources, some quote only 10%. Plus we don't get anything (except very few exemptions) until we pass habitual test.

Sounds interesting, but too subtle for me!

Are you saying that the Landlord would serve notice out of annoyance at the pp raising the issue? What if he doesn't?

Or just that if the pp gets the timing right, this provides a plausible reason to fight the eviction?

I wouldn’t recommend paying upfront to tenants anyway, not after a friend’s dd who did (for 6 months) ended up with a broken washing machine for a couple of months. She had zero leverage when a landlady living in France evidently gave not a toss, and the letting agents were useless.

Sure, if nothing else it delays the eviction process, and gives the tenant leverage, which they do not currently have.

If the LL doesn’t serve notice, all well and good, but the tenant has it in writing in the event the property is sold (and the knotweed remains undisclosed). i.e., more leverage.

Sometimes you have to. Friend returned feom abroad and he was fucked if he couldn't pay upfront.
Not suppose not pay rent anyway

Oh yes let's! I haven't pointed the finger of blame anywhere, simply said that the system is broken. Which, if you know anyone who is struggling to pay their rent or trying to get on the housing ladder despite having a 'professional' job , I'd say it is. Now I've already broken my own rule about arguing with randos online so I'll dip out now but thanks for the patronising input .

Really sorry to hear that. I wish there was a way to match up decent tenants and decent landlords, and let the others deserve each other!

Our council agents who manage social housing have hit the headlines. The Welsh government have brought in 2000 immigrant nurses. Our social housing have allocated 100 homes for them. We don't have nurses homes anymore so there's nowhere for them to go.

Ah, nice!

Once again.

You elected to lay the blame at the feet of LL’s i.e., the players of the game, not those who designed the rules of the game.

Those rule-makers have changed the rules a number of times recently (and the RRB coming in the summer), and hence players are leaving the pitch.

Seems a bit disingenuous to blame the players, doesn’t it?

I shall otherwise take your comment at face value, and expect no more contact from you.

Yes it's wildy incorrect. Honestly @ThymeScent
@MyNameIsX if you post misinformation online without doing even rudimentary fact checking, I think you should admit it and apologise. I bet you don't.

fullfact.org/news/are-half-council-homes-given-migrants/

"across England as a whole, 8.6 per cent of new social housing tenants were foreign."

I did not post the information.

I did respond to it in good faith, however.

To be clear.