Why so much hate for Landlords on MN?

[coulditbeme2323]

Who do LL's get so much hate on MN?

It seems so much more hate than there is any real life.

Owning the property needs to make at least 4% a year profit or it would be better to sell and put into investments. Surely some people want to live in rented homes though- can everyone afford to buy??

And other one to add, no security.

So we agree it costs a LL more money? Good.

A landlord renting a home to someone is stopping them being homeless.

You really are all over the place on this, are you able to work out and write down why it’s OK to make money each month selling a family food but not by renting them a house?

Yep, exactly.

You can get 5% now by lending money ironically to the government. No hassle, low risk!

If landlords exit the market and sell their houses then supply will decrease further. What do people think that will do to rents?

What area do you know where property is in such demand?

It's a buyers market.

FTSE tracker/investment is not very similar to starting a business or taking a financial risk by investing in growing companies.

Also it could be argued that being a landlord is a small business.

When I speak to people who are landlords in real life I don't tend to say what I think. Doesn't mean I'm not thinking it though

I am a homeowner. I just find it disgusting how many landlords are really unprofessional and think their rent should be clean profit and begrudge any expenditure on the property

Surely people can invest inn whatever they choose to?

Are the products Tesco & Sainsbury's etc sell necessities - they make profits, quite big ones, its the nature of business and the best business models for weathering economic shifts are those that deal in necessities rather than luxuries.

Is it immoral for estate agents to make a profit from selling a house or undertakers for carting you off when you turn your toes up. We live in a world driven by profit and loss, its the way of life.

It’s best not to use words if you don’t know their meaning.

Please do explain how I was being a parasite by renting out my home while working away rather than leaving it empty.

I volunteer for a charity and most of the other trustees all own several rental properties each and they all think they are so wonderful and virtuous because they help with this charity, while also making as much profit as they can from poorer people in order to fund their lives of leisure. I am pretty much done with their hypocrisy

First answer. That's was simple enough.

Either way if landlords are buying all the properties then supply will increase in that areas and rents will reduce or at least not increase by as much as they would have done otherwise.

Wasn't the landlord in the case that triggered Awaab's law a social landlord?

They're the redundant middle class that have nothing to offer but the property they can afford before someone else managed to buy itz let it out at massively inflated rates for profit. Usually allowing them to seize the salary of people who are actually useful to the world. Could it be that?

Yes, they are leeches on society

Because in my experience they see the tenants as little more then paychecks who are not important. I have dealt with ones who kicked you out after fixed term as they could put the price up a lot higher or didn’t like they you asked for repairs or becausee you complained about mould etc. they don’t care they are chucking people out I. A housing crisis where there are little choices of houses at a time. It doesn’t even matter if you keep the house nice and pay your rent on time. They also do not understand their privilege or what it is like to be giving two months when you are pregnant or have a small child.

i will say not all LL are like it. The one we have now seems ok. The one we have is a mass LL who just rents out houses and it seems if you pay your rent you can stay so that is a bonus.

I don’t know, I’ve helped a HA raise a billion- if they were the countries default landlords that wouldn’t be difficult to accelerate would it?

They’re the only ones regulated. There will be plenty of similar stories in the private rented sector that don’t enact change.

Because people are incredibly envious about other people’s money - it’s very clear from several recent threads

People become landlords for all sorts of reasons. I am both a tenant and a de facto landlord, renting out my mum's house in order to help pay her care home fees. I've seen it from both sides as their are both terrible LLs and terrible tenants.

Because no one like a rentier and most landlords I have ever rented off have been cheap, whining, chiseling pricks.

It's not true though that the private rental sector isn't regulated. There's lots of regulation. It isn't ENFORCED (actually neither are the regulations on the social housing sector, hence poor Awaab).

One of the often overlooked aspects of this is the penurious condition of local authorities and all the cutbacks they've made since the financial crisis. They just haven't got the staff, the will or the money to properly enforce regulations, especially while under pressure from central government to show they're adding to the housing stock.

That’s not the fault of landlords though. And unless people hate home owners for also selling their homes at market value ( just as landlords rent at market value) they are being extremely inconsistent.

Rents are expensive due to decades of governments of both parties making shit decisions. The selling off of council homes, pushing people into the private rented sector, created demand that supply could not meet, pushing up prices.

We have long needed a massive programme of building social housing. Blame governments for the destruction of the social rented sector, not private landlords.