Rent crisis: is it time to get rid of landlords?
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- Опубликовано: 23 май 2023
- Do you hate your landlord? You wouldn’t be alone if you do because the UK is in a rent crisis, and the only people who seem excited about ‘property investing’ are the TikTok landlords who want to make you rich. [Watch the first episode in this series here: • Rent crisis: why is re... ]
Landlords say the worst housing crisis in decades is not their fault. And they’re sick of being cast as the “slumlord,” “parasite,” “bad boys”.
Years of government tax changes and tougher regulation, paired with soaring mortgage rates and new rental reform, has many traditional landlords saying it's not worth being a landlord anymore and warning of a "mass exodus" from the market.
And experts insist that would be bad news for renters.
But while those who've been in the business for years threaten to leave, a whole new generation of landlords are coming onto the market - and they're doing it via TikTok.
Rebranding themselves as ‘property investors’, these #PropertyTok landlords are teaching their social media followers how to buy and rent out property to tenants - and get rich in the process. So will these influencer landlords save renters?
Produced, presented and edited: Milena Dambelli
Produced, filmed and edited: Frances Rankin
Executive Producer: Kieron Bryan
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Watch more of our explainer series here - • Britain on the Brink
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To the question "People want to own a home, but you're buying up all the houses", the guy responds "I'm not buying up all the houses, I'm just doing what I do and taking care of my family" - yes you are, by buying up an outsized share of scarce housing lol.
Capitalism inspired narcism.
As long as I'm alright jack.
Fxxk everyone else.
It's the mental illness which drives capitalist society.
They don't respect you, they just want you to wake up and see the world the same as them.
So your solution is to blame the economic agent for doing what's good for them in a market economy? Rather than address the reason why the market doesn't properly react to more demand for housing by increasing supply? The USSR collapsed in 1991, you should have learned something by now, comrad.
@@cadcad-jm3pf The market economy disproportionately favours property owners.
So it's a valid complaint.
@@paulgibbons2320 It even more disproportionately favors business owners, especially so those who possess "means of production". Government interference, however, has historically been proven to be far worse than the issue itself. This whole line of thinking is akin to some Venezuelan dictators blaming their economic collapse on "speculators" who selfishly bought up all the bread in their country. Question is, if you are willing to take centralized control of the property market and to ration it, what else are you willing to ration?
@@cadcad-jm3pf That's a perceptional game. In difficult times is rationing and moderation necessary?
In war time for example. Would you discourage rationing then ?
People do have to moderate and regulate people who put profit before people.
It's becoming far far more necessary.
The price of pharmaceutical drugs for example. They make things for penny's and charge national health service a scandalous disproportionate price.
It's literally holding them to ransom.
Capitalists refuse to moderate themselves.
Shelter is a basic human need.
These people can't go and build a shelter anywhere they want because people who existed before them put a fence around it.
It's simply not right these people are aloud to exploit peoples human needs without moderation or restraint.
£180 / course, 1700 sign ups. That's £300,000. He makes his money from selling courses, not property development.
Trump University
That's the influencer bit. The landlord bit is almost an afterthought. Every time I see an ad on RUclips with some business person on it selling/telling me how they made all their millions...I ask myself: why are they telling ME how THEY earn a living? Why don't they just fook off and go and happily make their millions? Why is it so important that they run a short free course that shows ME how to earn what THEY earn? Why do THEY want to share all their money-making secrets with the world and ME? Then I say to myself: "oh, it's that BS-spouting snakeoil salesperson again..."
Yep. Selling the opportunity itself has always been the most profitable opportunity online since internet business began. Took a while for people to start realising this though ...as always.
Cheap then at the side of a pointless 20k or 30k on a degree yes?
Is no one going to address the fact they were literally sat in a property he renovated?
There is no reason why he can't make money from both
Literal parasites on society
My landlord bought 3 houses in my area 20 years ago. they cost less than £20,000 each. He never repairs the houses and they are falling apart. He told me he had to raise the rent by £200 a month just to cover the 5 recent interest rates. I worked out the amount he says he has to cover. This means he has mortgages of £80,000. He has 5 holidays a year and my house has rotting window frames, no gutter on half the house. Houses are homes and greed is pushing up house and rent prices. It must stop. Councils must compulsory purchases rental homes and keep rents down. In my area the DWP set a housing benefit cap at £480 PCM. The rent for the homes in this area are £650. How on earth can people find a home in they have to claim benefits.
Or here is an idea… MOVE OUT.
Don’t like it? Then leave!
You can find somewhere better for the same cost.
@@chriskaye1997 That is impossible in my area. I am disabled, you may want to look at what I wrote again. In particular the last sentences.
People on Benefits can't be picky. You do less than average you should expect less than average.
@@DK12_ What an arrogant ignorant reply. I am on benefits because I am retired and disabled. If you read what I wrote you may understand that the landlord is not running his business correctly. Houses must be maintained or they fall apart. People that are disabled have the right to a decent home. My home is well below average. All the soffits are rotten and falling off. The attic is full of birds.
@@DK12_ Found the slumlord.
meanwhile the presenter woman plans her next trip away in an... airbnb
Imagine if people could buy all the water and electricity in the country and could rent it out for a profit...
and the air.These are our basic needs, shelter included.
Air. Now why has nobody thought of that ? British Air. Easy payment. Pay monthly on a fixed term contract. OR you can have a meter fitted to your windpipe, pay as you breathe. Of course the Tories would soon sell British Air to Saudi, Kuwaiti and Qatari investors.
There really is very little space remaining for satire these days.
You think they have not thought about it?
I'd bet a kidney they have thought about it.
Surprised nobody has taken that on dragons den.
We shouldn't give them the ideas!@@AndriyValdensius-wi8gw
It's coming now that you mentioned it. Some things are just not worth mentioning. You just blew it.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $860k following guidance from my investment adviser.
@@MarkFreeman-xi3rk Interesting Mark. I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
Actually, I've shuffled through a few advisors in the past, and “ Margaret Johnson Arndt” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself.
Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, wrote her an email outlining my objectives. Thanks for sharing.
What happens when millions of renters reach retirement age and their state pension won't even cover their rent?
Go to a country where it is cheaper to rent.
MassHomlesness explosion
We are about to find that out.
First generation renters are approaching retirement.
It's going to be like the third world hits us.
It's already happening all over the country.
My neighbour was in her late 60’s and autistic and was kicked out of the house she lived in for the last 15 years because the landlords decided to raise the rent and she refused because she couldn’t afford it. They got enforcement agents to put a paper saying so in her front door and she had to leave, get emergency temporary housing and leave all of her belongings behind as she wouldn’t have anywhere to put them or means to pay someone to transport so many things. It’s the last 15y of her life just taken away.
Oh dear, oh dear, "we need landlords because without them there will be no houses to live in"! How about we build more social housing eh? How about providing a good quality accommodation as a social right, and then when the market is freed of those who have no choice, the landlords can improve their houses to the point that they're a good deal to be paid for?
We DO NOT NEED LANDLORDS! We need houses.
So are you paying $30,000 if your heating/AC system breaks tonight and needs replacing? Because as a renter you're not. Too bad if you own if though. Hope you brought your wallet.
@@rpospeedwagon I've spent in total 2 years in rentals with shitty heating and no AC... oh and one with abestos in the roof we didn't know about... and ants... it may be arrogant of me to say but in a way, I feel I could manage
Sounds like you should be living in Eastern Europe.
@@yekida I "love" how landlords always bring this one little point of "sometimes things break and we have to buy new ones!!1!". As if renters wouldn't have savings IF we didn't pay majority of our salaries to the landlord. a £30,000 for a boiler is a lot, but if I owned my place I could easily take a loan and buy a good quality boiler that will serve me years instead of the cheapest that landlords always chose.
If you thought finding somewhere to live couldn't get more depressing, the social media kids are doing it now.
It'll eventually be hard for anyone to buy a house and then the same evil landlords will be complaining their own kids can't afford a house. Karma will happen
In all fairness, it's easy to buy a house up North. I just got a flat for 44k
It's in a nice area but needs absolutely everything cleaning up and redecorating
If your deposit were 5 grand, could you afford a flat?
@@truth.speaker Not sure I'd get a mortgage, but I'd consider a move 'oop narth', in a decent area, for £44k
@@Michelle_Schu-blacka peruse Rightmove and speak with a mortgage advisor
You may be surprised what's available
I consider it prudent to buy a home now because they are still affordable. I think other people may catch on and start buying up North in coming years
@@truth.speaker up north where exactly?
The guy saying ‘were the bad guys now, landlords are the bad guys like bankers were the bad guys’. But BANKERS WERE THE BAD GUYS!! Stop treating property as investment! It’s a home, is a fucking right.
lol
That guy really thinks "only 20%" of landlords are really-bad?
Please
It's probably more like 50%, AT LEAST
maybe 75%, if not higher
Can someone explain how using a £39k student loan to buy a house isn't fraud?
I was wondering that & him promoting his story of how he done it will encourage others to get these loans to do what they want with the money
The real crime is putting students into £39k worth of debt for all jobs which require a degree, which these days is pretty much everything above retail.
He got it off family for the 1st one
Probably is. But if he repays, is it truly still fraud?
Probably never going to get punished
@@truth.speaker
Yes, it's tax payers money to help people with living during their time at uni.
Not to use it as a deposit for a house.
Why can't anyone think about this? We DONT need more landlords. If we had less landlords we could BUY those homes the landlords wont be buying, and the cost to own the house will be LESS than the rent, because YOU DONT NEED TO MAKE PROFIT ON YOUR OWN HOUSE. Also, if you have a problem, you can fix it yourself, and not live in fear of being kicked out.
What keeps you from buying your own house, when you don’t need to make a profit on your investment?
Only cheap talk no hard walk…
@@HT-vd4inthe price is to high.
Do you see the problem.
@@liberalbias4462 Why it is the landlords fault, that building new houses is expensive? Please explain.
The land price of an empty field is very cheap.
@@HT-vd4inbecause when landlords buy houses this decreases the supply of houses, when there are less houses the prices go up because they are more rare just like diamonds vs pebbles, it is easy to find pebbles but diamonds are not easy to come by, so are more expensive
@@Wolfdude123 We should talk about building more houses, when we talk about supply!
Landlords don't provide housing, they restrict it
A landlord by definition provides housing. People who buy homes to live in do not, people who buy vacation homes do not and people who buy for Airbnb do not.
So what's your solution? Just ban investors and private landlord all together, that will solve the problem isn't it?
Let’s be honest the only bad landlords are the ones who borrow to let. I think if we banned banks from giving loans to those sorts of people then I think things would improve. That way only the ones who have built up enough money to actually buy a house in full will be able to be landlords. There’s just too many of them!
@@chaselee86 yes. housing is a human right, not an asset on your portfolio. invest in innovation, not in trying to restrict people's ability to live.
@@neanda If there are no landlords, the only supplier of housing would be the government. If all people live in council house, where does the money come from?
Everyone should be able to buy a property. Landlords and sky high rents prevent that.
What hinders people on going out to an empty plot of land and building new homes? There are plenty of reasons why this is extremely expensive. And these costs are themselves reflected in the high rents. If building would be cheaper, market forces would push down prices. We need to look at the high costs of building new houses.
If the landlords making enough on rents to cover their mortgage and make a profit. The issue isnt that the renters cant afford the house, its that our systems punish the poor. Government should build social housing, rent to buy, and most importantly, when they make money back use it to build more.
Landlords provide housing in the same way that scalpers provide tickets.
They provide housing like slavers provided food and shelter for their slaves. But that didn't mean that they were morally good nor that slavery was ok. Both were profoundly evil.
@@NeilEvans-xq8ikrenters have the freedom to buy
No?
Slaves had the freedom to enslave, no? No; they did not, because all of their resources were consumed by their masters. This is the nature of oppression.
@@NeilEvans-xq8ik so Landlords didn't LEGITIMATELY buy their property?(with jobs providing services to people)
Not always. A lot of the time it's handed to them on a plate by their parents, who also exploited people in previous generations. But even if they did, it's not ok to work your way into a position in which you can exploit others. You should work hard to create wealth, not to steal it from others in the form of rent (landlords) or wage theft (employers). If you do that then those others cannot thrive like you want to thrive, and they are just as important as you are. Just think of how hard the old slavers used to work to set up their plantations and acquire their slaves; no easy task, I'm sure, but an evil one nevertheless, and so one that they should never have engaged in... Thanks for you response, btw; I think it's important to have these discussions. Take care.
Landlord: "If we all left the market, then there would be far less housing available."
So he's threatening renters in general. He's saying that he'll keep his properties regardless even if he couldn't rent them, hence there being less houses if he left the market. If he sold it there would be the same amount of houses. I don't know if he realised he is saying "pay me money for a human right or I will force you onto the street". And he thinks he's the good guy. This is how far gone the rich are.
^ spotted the commie. 🎉🎉❤❤
You think landlords would "burn" their assets to spite the "poor?"
You clearly don't understand how the world works.
@@joshu1898 You'd be well within your rights to make that demand if I was rich, hoarding humanity's resources for myself out of greed. Unfortunately for both of us I'm not rich. Try knocking on Bezos' door. Or if you want a more manageable target, try a landlord who owns seven damn houses.
Well what are you gonna do? What are your other options? You either pay or go without. Everything works like this. You can’t afford food then you starve. You can’t afford gasoline then you walk. You can’t afford a car then you take the bus. You can’t afford a home then you rent or live in a tent. When you can’t afford something you simply go without. It’s sad but this is how it’s always been. Exactly who’s fault is it that you can’t afford something? We all out here struggling.
He rents the rooms individually? Good God, the greed...
You must be pro homelessness
Not greed. Business. My parents are landlords. 3 properties in Cork. They make a tidy profit. Does that make them greedy? My friend had recently bought a house. He's currently in the process of splitting it into 4 apartments to maximise the monthly income. That just makes him an intelligent business man. Welcome to capitalism. If your not successful enough to own a home that's your problem. Don't begrudge others making money off people's need for a roof over their head. Supply and demand is the basis of the economy.
@@davidocallaghan6361At least you're honest about their exploitation. To answer your question, it makes them fucking lecherous cunts
@@drwalka10 how come the soviets deleted homelessness with blocs of government owned apartments?
@@greggg34534
They didn't, really.
Their aim was to provide 8 square metres living space per inhabitant but never reached that throughout seven inglorious decades of partly bulldozing old buildings, partly splitting existing flats into "komunalkas" - where entifre families sometimes had to share a room - and building those faceless blocks.
The main problem is the government stopped building homes. It’s getting blamed on landlords but it’s the lack of property getting built
The population is not rising much. And I've seen a lot of new built around the cities. So why would there be a lack of new property? The problem is not the lack of new property, but lack of property for rental. It is because landlord find it more profitable to sell the house, or do AirBnb / short-term rental as the video has suggested.
It is market driven. Regulations and taxes are only going to get it worse.
More like all the illegal immigrants they put in the houses
@@chaselee86 The population is increasing by hundreds of thousands per year.
Social housing to be more specific but yet you’re right
do you know how many houses are empty, especially in London, and landlords don't care about the rent because the house prices are going up more than the rent they could get, and without the hassle (owning a house is seen as an asset on investors portfolios rather than a human right, and that's wrong). it's only sharks who buy houses they won't live in, it then increases the house prices by restricting the availability of housing.
it's blamed on landlords because people shouldn't ponce off people who just want somewhere to live, it's awful to make money from people who just want to live somewhere, and i don't care how you try to defend it, this is simple, and that is wrong
Council houses use to be where people rented if they couldn't afford a home, most of these were sold in the late 80s and 90s.
This ^^^^! The Gov abandoned it's responsibility to provide social housing and passed it to the private sector. They sold the council housing and failed to reinvest and rebuild. Typical privatisation.
I'm looking at you Tory boy !
Half given away and half sold. Funny how noone mentions Toni Blair's open door policy back in the 90s. Added population has a hand in this too Something lefties Never want to admit.
Council houses are supposed to be bought by the families originally. Not rented by landlords.
"They just don't understand what I'm doing". You're being a parasite, babes.
Landlordism is a parasitic practise and it needs to end.
Landlordism:
1.) Harms our economy. In taking a chunk of people’s pay just for them to exist, their spending power is depleted.
2.) Entrenches the housing crisis. Houses are no longer classified as places for people to live, but business assets for landlords. This artificially inflated their price.
3.) Undermines communities. Renters have no stake in the communities they live in (in the 5 years I’ve lived in London I’ve lived in 4 houses because of the whims of landlords), so meaningful, safe communities and relationships disintegrate. Why get to know your neighbours when you may be turfed out in a few months?
4.) Degrades neighbourhoods. Renters have no incentive to keep the houses/gardens they live in nice because they have no stake in them. They don’t report graffitied bus stops or clean up litter in the street. Not giving people a stake in their neighbourhoods allows rot to set in.
5.) Degrades mental health and well-being. A secure, affordable place to live in a community you know is essential to wellbeing. Itinerant renters often experience poor mental health and the social and medical problems (alcoholism, loneliness, etc) that stem from it.
6.) Ruins architecture. Because houses and flats are no longer homes for people to live in, but vehicles for rent extraction, they’re built cheaply and nastily and detract from the character of neighbourhoods. Awful, soulless flats with insipid shrubs and homogenised retail outlets.
7.) Ruins local commerce. Property prices (artificially inflated by Landlordism) also affect business rates. This means only corporate chains can really survive now. Instead of charming and unique local enterprises, you get processions of Tesco Expresses , chain-pubs and Costa Coffees. Bland, homogenised, soulless communities nobody wants to spend time in.
Landlordism is a blight on our country that’s arguably more harmful than drug dealers and it needs to disappear.
All that and you never bothered to suggest an alternative to the status quo.
I always find it hilarious how lefties like you hate landlords.
Ask them what should happen instead?
Absolute silence.
Sounds like you want to swap places...if it bothers you so much get your own thing going..
Private landlords need to be banned. They’ve completely destroyed the housing market, pushed prices up & iced first time homeowners out of the market. The fact that this has been allowed to go on for so long is disgraceful.
Sure thing, but first, the state should buy their properties at the current market rate (not some flimsy "aproximation" done by an "evaluator") and then the state can decide to redistribute however it likes and to whomever it likes.
"Not everyone can afford to own there home"
Except renting is more expensive?...
Yep. Not everyone can afford to own a home, because they're too busy struggling to get by paycheck to paycheck, since they're rent is so high & they're unable to save for a down payment. In reality, they could theoretically afford a mortgage in lieu of paying unaffordable rent.
@@TwistyTrav
Get another job... Or two
Exactly.
And they price fix specifically so you can't afford it and have to rent.
@@zhaw4821 I did that.
My landlord put rent up twice that year.
Never again.
Exactly, and then at the end of the day, no matter how much you rent, you'll never own the place you've effectively paid for.
Housing is something everyone needs. It shouldn’t be up to the whims of the market whether people can afford a roof over their head or not. The government should build good quality homes and then rent them out at cost, so the people screwed over by landlords and banks can have secure places to live without having over a third of their income siphoned off to pay off the mortgage on someone else’s asset
Exactly right
Right, if you pay 80% of your income on rent, this is speculation on housing not just rent.
@@madameversiera it's speculation on somebody else's housing. How is that Going to help his situation.
Call it what you want. I prefer the term pick pocketing.
We are already in a big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as 'MARTHA ALONSO HARA" who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.
@@mariahhayes5089I want to build a diversified portfolio based on my personal income. I am easily triggered/highly emotional, which could be detrimental to my portfolio. I hope I am a patient and systematic person. day trading is not for everyone and multiyear holding is not for everyone. I know my strengths that's why I need proper guidance to be able to venture.
@@greenquake11931 I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is by reading, studying, being patient, and seeking guidance when necessary, due to my line of work I can’t handle my portfolio so I just copy the trades of my FA. I saw her on Bloomberg business news. It’s been smooth since then.
@@mariahhayes5089 how can I reach this person because I am in need of a better investment approach.
@@greenquake11931 'MARTHA ALONSO HARA"
AirBnB needs to be regulated
Airbnb needs to be stopped 😡😡
That’s what jealous people say
@@marklasy6209 keep on 👢 👅
"Landlords aren't the problem, the problem is there aren't any new homes being built."
There can be several problems. If your house was on fire and someone was outside shooting at you with a machine gun you wouldn't say "The guy shooting at us isn't the problem, the house being on fire is the problem."
We need more houses and less landlords.
Council houses have rent caps they are also long term rentals . The uk government sold all the council houses and have not replaced them . Now they are trying to turm provate rentals into council houses . Private landlords are temporary rentals not long term .
It's not time to get rid of landlords. It's time to get rid of greedy bastards that masquerade as landlords, that includes some corrupt councils.
Agreed! I think the council need to introduce rent controls! I’m living in a small 1 bed flat in a bad area, no where near town centre even, but my rent is £800 a month! And my landlords haven’t even put my rent up yet!
You will never get rid of the greedy
It’s not landlords that make the money it’s the bankers
Property is a very poor investment
Far far better returns out there
We should ban foreign landlords investing in the home market!
@@wingaard ban everyone
This is not North Korea although not far off
We rent and I accept and understand that the landlord is not a charity and is entitled to profit from it, but our property is in a poor state of repair and looks like something from the 1970s. Our rent was originally on the low side and so we didn't trouble them. The property was sold and the present landlord has put the rent up substantially so that the the rent is now close to the high end. I wonder how such people can sleep at night knowing that the people they are dealing with have to make serious cutbacks in their everyday lives, making it much more unlikely they will be able to afford any "luxury". Even having a very modest holiday becomes a real struggle. The managing agents are totally unsympathetic as they just say we can move if we don't like it!
Who is forcing you to stay
@@drwalka10 Lack of money, my partner's friends and family being here. ,her being ill. Enough for you?
We don't need more landlords and we don't need a profit motivated housing structure. We need more housing cooperatives and we need to remove the profit motive from housing. Full stop.
They are nothing but speculators , no different than anybody putting money into equities. Difference is landlords don't understand risk and expect the market and conditions to always be in their favour. Reality check incoming.
Actually the difference is that they can get a mortgage for at least half the value of the property. This is way better than those speculating in stockmarkets.
@@vmoses1979They are not very clever "investors" given equities are liquid and gains have far outstripped property over the years. Anyway these chancers are gonna get wiped out pretty soon so happy days.
@@Standard_Jay You are not factoring in debt financing by saying gains in equities outstrip property. Since the 80s - anyone with property has done really really well particularly considering cash on cash returns. Imagine you bought a decent property in Central London in 1993 with 20% down- you're looking at much better returns then the same cash amount put into the FTSE 100.
There will always be demand for homes so the wipeout will be limited to those who entered last and those with the least equity.
@@vmoses1979 Wrong. Recent report citing data from the BOE and Morningstar showed that £1 invested in 1983 would have yielded £3.63 in property but £10.02 in the UK stock market.
@@Standard_Jay Good one. If you're gonna go that route - cite the end date for calculating the returns. Then provide a link to your claim. Also understand that anyone can pick and choose a particular period to make a certain asset class attractive or unattractive. As an illustration - the FTSE 100 was at 6500 in 2000 and 23 years later it's at 7500 - sorry but property owners have done much better in the time period. Finally - how is property defined? Are you talking about central London or rural Abeerdenshire? The metrics are completely undefined. I don't think you understand the point about leverage juicing returns in real estate.
new word for landlords: property barons
😂
Yes the sooner the better, introduce a fair rent system
All landlords are not rich. Some just need help to make ends meet.
It is crazy that landlords think they are not causing the problem
If there were no Landlords where would people live?
After the Witch Thatcher sold off Council Houses it just opened up a buying frenzy to make a quick killing.
Maybe every Renter should get an option to buy clause in every contract?
But that kind of smashes anybody´s rights to ownership as well.
Giving Mortgages to poor people didn´t help either, and we had to bail out the banks because of them.
A Council House has a Landlord as well. The Council.
The landlords are not the problem
The landlord's are not the problem the problem is not enough homes
And too many people
What about developers creating new homes.
Are they a " problem"?
In Wales landlords must be registered with rent smart wales, EPC D or below (soon to be C), EICR Certified, Gas Safety Certificate, standard occupational contracts, no s.21’s, legal fit for human habitation tests, rent can legally be withheld, if repairs are not completed to a set standard, financial fines imposed by LA enforcement, delayed legal response, reduced CGT allowance, s.24 taxation, increased council tax on 2nd homes (during void periods), immediate council tax premium to be paid during sale period, increased mortgage base rates (SVR), rental caps (in Scotland - potentially adopted nationally?) and a range of other complex legislation. My personal opinion is there are far more simple and lucrative returns to be had, as opposed to taking unnecessary risk of potential property destruction and withholding of rental during timeframe obtaining a possession order. This resulting in landlord leaving the market, less SA tax returns, and more need for government housing. Trying not to be negative but simply realistic.
Not a single solitary one of those things in California. No direct government involvement in rent at all, altho tenants do have a lot of rights once they're in. You don't have to register as a landlord at all or inform them that you're renting. You must report the rental income on your annual taxes, federal and state, but nothing involving the county. No inspections or anything like that. If you sell your house there are no sales taxes at all. Capital gains tax if you sell it for more than $250K than you paid for it, but only on the part above that. If I sold my house today I'd get to keep every penny of the sale price. No fees or taxes at all.
Its funny that despite all those things you listed, people still wonder why rents are going up.
An educated comment….while so many are clueless
And councils are now charging excess taxes on empty/holiday homes in Wales!
I welcome a crash in house prices so more people can afford to buy their own homes in the places they want to live/work in. Secure and affordable housing is a basic human right.
So the problem isn't landlords, who buy family houses and force families to take on their "investment risk" of interest rates rising by increasing their rents while they buy lamborghinis.
It's young landlords who don't call themselves landlords and encourage others to become landlords so even fewer hard working families can own houses rather than pay these 28 year old landlords to take trips to go jet-skiing the UAE.
Can we just ban owning properties you don't live in, and while we're at it ban tiktok?
Oh no! Won't someone think of the poor landlords!
HI FROM NYC -
I HATE MY SCUMBAG LANDLORD
Housing providers??? How out of touch are they 😮
Do they not provide houses?
@@Robert-cu9bm Nope
@@Robert-cu9bm The houses were already there
@@Sasha32659
They're still provide the house for you to live in.
They could choose to keep it empty.
Did you go to school ?
The issue I have with landlords is the increase in rent every year even whne they have done zero to the property or because they want to get the max from that area. Its greedy.
No every year things get more expensive so they have to raise rent to maintain a living and profit. Property taxes and fees go up every year…are they just supposed to pay out of pocket and not pay a profit and allow you to live in their homes at a discounted price? My taxes and insurance went from 740 to 950….so I raised the rent $210 extra. We are running businesses not charities 🙄
"I renovate everything to a high standard, so my tenants are happy". Yeah, son. That's precisely the reason you decided to make an investment in property. To make tenants happy. SMH.
Next he'll be telling us landlords provide a service.........
Look like the rental market is about the same in the UK as it is here in the US.
At least In the US I could be a ups driver and earn $25/hr.
Tom is even worse than a typical landlord hes turning family homes into HMOs...
HMO is no longer profitable for landlords. But the new rules in rolling tenancies and rent arrears could work out with a qualified tenant.
@@ssuwandi3240 how so? I think HMO yields are better than vanilla BTL?
He's turning them into vacation homes, serviced apartment or Airbnb.
He's actually or anyone with HMOs are offering an affordable way to live comfortably and allow renters to save one room in a co-living place 400 500 maybe tops...1 bed flat ..1000 Inc bills etc...literally nothing left ....do the math or educate yourself please
@@ssuwandi3240plenty profitable just most buying have no clue where or what to get sadly
Just keep working, find a companion and live life one day at the time, or keep watching the videos of these social media clowns and lose your mind
Time to get rid of squatters, no mercy.
Landlords and estate agents are just ripping people off full stop.The greed in the UK is like a disease .
Maybe we can rebrand them with a hot iron
Credit to the young lad who risked his own money to buy dilapidated properties and got his own hands dirty to turn them into livable accommodation again. He has put otherwise inhabitable properties back in the housing stock with his graft. 👍Rather than sitting there and moan like the journalist, he's actually done something useful to the economy
In Canada it's hard to find a private landlord and these management companies ask for up to 2yrs rent up front, the one with the most rent up front gets the place. The application process is like a mortgage application leaving your personal information at risk before knowing if you get the place. They demand application fees that are non refundable and ILLEGAL.. Rent has doubled tripled and quadrupled depending on where you want to live. It's really bad. Our government has invited millions from India so we are outnumbered in town here. Homeless seniors and disabled people on the rise something we've never seen before and turdo plans to invite millions more with absolutely no plan for the housing and basic necessities of these People! Many are now also arriving by walking in from USA.. We already have a huge homeless population that hasn't been addressed and even on some of the coldest nights of the winter, the government does nothing for the homeless Canadians but I haven't seen any Muslims sleeping on the streets yet in our town.. It's insane! At least with private landlords you can sometimes appeal to their humane side. With management companies they do not care. You could have the saddest story and misfortune and still they're going to give the unit to the one who has more money to put down on it. Having good credit and references is nice you have to have that too,, but money talks.. And they don't follow the landlord and tenant act. They just do whatever they want and nobody stops them..
I'm so lucky I have a landlord who built my unit . Best in the world 🌎
The narrative, renting is the only option. Well not really. When thatcher sold all the housing stock and failed to build or buy more. Rents started to go up because public housing artificially kept the rents low by giving them a different option to private hosing. The problem now is that the UK needs housing, and everyone has realised that in a cost-of-living crisis. Landlords are not viable. Landlords need to go.
This is the problem with this hustle grind culture, people at the bottom come to lose.
My first house was purchased in early 90's when interest rate was 13 percent.... it took about 70 percent of my primary paycheck and I had to work a secondary job at weekends to survive and both were low pay! However, given the lack of affordable private Rental property and the huge waiting lists for government Rental property the only option was to dive into ownership.
Gutted all my bank accounts and savings and sold all my assets for a downpayment, then slept on a secondhand mattress on the floor of one room in the property with a fire since no other rooms had heating or were liveable. No water to the washroom and one faucet that I plumbed straight from the incoming water pipe and no electricity - that hovel was all I could afford! Well, that and a busted up old motorcycle.
This is not the first Rental crisis or cost of living crisis - we have been here before... and sometimes worse.
If the Government had not sold off all the subsidised Rental stock or had built replacement mass Rental housing stock afterwards, then things would look much better with private landlords taking up the more niche properties which dont fit into the large scale Rental housing model to provide choice. The Rental crisis is not that we have too many private landords but that the Goverment has built no large scale standardised mass Rental housing stock to deal with the most basic housing requirements of an ever increasing (even with declining birth rate) population who have need of affordable accomodation.
Bottom line. If you own your private property you should be able to do what you want with it.
We need to get rid of most landlords and all influencers.
Buy a house. No more landlord
Its not just landlords, though they are the most notable example, but rentierism in general.
Under this iteration of capitalism especially (since neoliberalism in the 80s) the only way to make money is to capture and own something that is essential and charge someone else to use it.
That's why you are forced to subscribe to every little thing these days. When before you could by it once and own forever.
Even the few things that you buy outright like electronics and automobiles are increasingly have planned obsolescence built into them so they stop working after a certain amount of time.
If someone invented a lightbulb which lasted a lifetime, even if it cost £100, sales of lightbulbs would grind to a halt in three months. If every little thing we bought, from cars to thumbtacks, lasted a lifetime...capitalism would likely grind to a halt too. You know all this. So why am I telling you this? Don't know. Just in a typing mood tonite...
@@stephenwalker2924 i mean
Cars lasting a lifetime is very difficult with the amount of accidents and the amount of moving parts
The amount is reduced for an EV, but now you have to worry about a battery that will drop in capacity over time
How many of those good landlords fight tooth and nail against any legislation that offers some sort of security for tenants. Those landlords who claim personal responsibility are first make sure that their tenants are responsible for paying off their investment while failing to provide any value to the tenant commensurate with the rent increases. It's all one way. The term parasite seems pretty accurate.
Ah yes, everybody deciding that buying a house is an infinite money glitch, when has that ever gone wrong?
Well my grandmother in law bought her house in outer London 40 years ago for £3000, she just sold it for £987,000. As disgusting as it is how much property prices have increased over inflation, you can’t argue that it isn’t an investment.
@@tgoddard1988 Your grandma isn't everybody Tristan
@@tgoddard1988why do you think your grandma getting right price is disgusting ? She got the right price. It's not inflation that dictates the price . There are many factors including location, home size and condition. Land is a limited place but humans are breeding like rata so it's obvious that demand will grow and as the demand grows for limitted supply price also goes up . This is basic economics. And there is no solution to this issue till the existence of human kind. It may sound unfair but it is what it is.
I guess you never bought ...? Guess what the house will be worth in 20 years time ??? lol.
All though out history.
Landlords are SCUM and James is an excellent example. Good lord what a despicable piece of work.
More public housing or general housing would mean ppl aren’t reliant on landlords and it would lower the cost of housing.
Reducing the demand by not having 69m people in the UK would be better.
@@davidz3879 get lost
@@chrysalis4126 They receive little taxation from unskilled & low-skilled people, who in most cases are a net cost to the government. A Pakistani labourer whose parents are cousins, who lives in a large council house & has several kids by his own cousin, will pay very little tax & will cost the UK a fortune in benefits & healthcare for his kids, who will have a lot of long-term health problems.
@@davidz3879 "I'm not racist, but..."
@@stephenwalker2924 You're in favour of habitual cousin marriage? How about FGM? Let me guess: you strongly disagree with them but you're scared to say that because you might be accused of being racist if you did, so you won't say anything against either tradition. Why is Bradford the most dangerous city in Western Europe?
Landlords are a leech on society. They destroy good first home's and turn them into 8 bedroom shoeboxes and destroy property values. My entire hometown is this. There are entire subdivisions in my town that are rentals or air BNB's. People are struggling to find affordable housing and what affordable housing they did make, it got taken up immediately because the demand is higher than the supply.
When a single person owns multiple properties whilst there are those in society that don't have a roof over their head, then there is a systematic societal change that needs to happen. Most of these places are charging well over a grand a month for shitholes.
If being landlords are a good business, from which government keeps attacking them, why does not government expand their rental business of social housing?
It is a deflection of government's failure to meet supply- and we as tenants fall for it!
This is propaganda, Black rock are approaching landlords and investors at these events offering "investment opportunities" which include rent payments above market rental value and guaranteed maintenance and repair costs covered if they house asylum seekers, British citizens are being priced out of the market because housing asylum seekers is more profitable with less liabilities.
Blackrock should be nationalised. And asylum seekers are not your enemy. They're in the same situation as you if they're private renters.
@@bigmackinlittleenglandHuge increases in population means an increased demand in housing. Since we're not building enough housing these immigrants are increasing the cost of housing for everyone. Limit immigration or build more housing. Two options
@@senanb1 We have smaller numbers of immigrants coming in than places like Germany and France and yet our rent increases are comparable if not higher. There are plenty of empty homes, and often immigrants live in HMOs meaning every house takes in like 5 or 6 people. The connection between massive rent increases and immigration is tenuous at best. Regardless there should be more homes built anyway both for citizens and immigrants new to the country.
@@bigmackinlittleenglandHousing is a supply/demand issue. If we built more housing, then prices go down. Councils don't like new buidlings going up. Let in less people too.
@@senanb1 I've just explained how that isn't the case. You're applying Econ 101 to a PhD level problem
Blaming landlords for high rents is just another form of bigotry from people who dont understand market forces.
If you have a job in the private sector YOU are also profiting form other people needs & requirements.
Market forces created on purpose.
This is economics 101, If you allow 10 million to settle in England and build less than 2 million homes. this is what happens, I feel for all concerned, 30 years ago when the population was 56million you could buy a 3 bed semi for £25000 or rent for £120 a month
If there are jobs there and the candidates manage the moving in the affected region
Serfs are paying over £800 a month for mouldy crxpy bedsits.
£1000 - £1200 pcm if you want 2 rooms.
Then claiming it's not worth it they will sell up.
Sounds like BS to me.
The maths don't add up in our Ecconomy.
Rent trap is a soul killer.
Set the people free!
It depends on how much income tax and other costs they getting charged. Lets take for example £1200. Knock off 5% for letting fees. £60 PCM. We are down to £1,140. If its a flat, management fees. Say £1,000 a year? Another £83 a month. Down to £1057. Then say they are earning enough to put the full amount into a 40% tax. That knocks off £422.80. £634.20 PCM received. If the property is mortgaged its not unreasonable to expect to see that figure just disappear.... This isn't taking into account landlord insurance, repairs and renewals. etc. A poor tenant that does mass amounts of damage could easily put a landlord under. Its not as rosy as you may think.
@@royalbiscuits8442 Evidence says otherwise. Because it's well known landlords make an absolute killing. Ofcourse people are going to up sell to landlords and mark up for landlords.
No way they should be passing this on.
No trade is without risk.
Our Job market pushes a lowest common denominator in that we have a minimum or subsistence wage.
They absolutely need rents to be anchored to the minimum wage. There needs to be rent restrictions.
Rents need to remain in touching distance of that figure.
It's so popular because it's the last money for nothing scam in the UK.
In most cases if you set the property up right at start then you can avoid further issues.
I totally disagree will buy to let.
Because of the need to push on price increases.
Landlords always hike more than they need too.
There is literally no restraining mechanisms which stop that.
If these landlords did not exist more family's could buy homes.
I totally disagree we need them or need more.
@@royalbiscuits8442 As for bad tennants. If people feel exploited they are not gonna respect the place. There's a pretty strong link to how people feel about renting.
@@royalbiscuits8442 give over.
They do boiler checks once a year then they are good for holidays.
You know it. I know it.
Buy to let was a terrible idea.
I have a decent landlord, but I’m turning 35 this year and I haven’t been able to save up enough enough to get my own mortgage because year on year the house prices have gone up.. So what’s my option?? I don’t want to spend the rest of my life paying someone else to live in their home! I don’t have the option to move back home or back to my other half home! Now they bring out a zero deposit mortgage, but I’m too old to qualify!
I am honestly so depressed to think that I may have to spend the rest of my life in a rented property knowing at any minute my landlord could decide to sell up! My other half and I are in a small 1 bed flat in a not so great area, but we’re paying £800 a month and our landlord hasn’t yet put the rent up, but we’re feeling more and more like it’s inevitable… if we go for a better place I can guarantee it is going to be way more expensive meaning I won’t be able to save as much…
So what are my options?? What do I do!? What do the people in my situation do! I’ve never had the “bank of mum and dad”! Neither has my other half! But we’ve both worked all our adult lives except 1 stint during the last financial crisis… I don’t know anyone who has bought their homes off their own backs, it’s always inheritance, mum and dads savings, used my student loan, gifted a house by my fiancés grandad etc. But I don’t have any of those things!
I know there are people who have no right to say this, but I’m not one of them; I’ve had to work 10 times harder for everything than most people my age! And what’s my reward? What do I get to look back at and feel proud of when I’m in my 50’s and being evicted from my home because my landlord died and their kids want to sell the house so they can divide the money!? I was an estate agent and saw that actually happen because the kids couldn’t afford the inheritance tax so sold up and got what was left, leaving a poor 50+ year old man who had lived in the house that was his home for more than 20 years, struggling to find a new home! We managed to find him a nice small flat with a garden, but it turned out his up stairs neighbours were terrible people who lived off benefits but still had the money to party 5 nights a week!
I can’t even move into a cheaper council flat because I’m gay, my partner and I signed up for a council flat 4 years ago, so we could save money on rent, but still nothing because we can’t have kids and will always get moved further down the list by a young, stupid couple who didn’t use any kind of protection one drunken night! My other half has 2 sisters who are in beautiful houses which they pay pennies for all because they got impregnated by some guy they don’t even see anymore! But there’s no option for us! Just pay extortionate rents for the rest of our lives!
You're not alone
You can learn to trade forex/stocks/crypto When you have learnt the skill £100 will get you a challenge to get funded £12500 to trade with. Pass the test, keep trading and invest. If all goes well you can quit your job, if you want👍🏽
Theres other ways I know in property, lease options, deal packaging, joint venture on rent 2 rent. Theres side hustles out there that could be worth trying if you look around. Theres options, theres hope 🙏🏽🙏🏽 God will guide you
@@mannymedia6311 mugs games. Don't take this advice, you'll lose all your savings,
your gay meaning you've access to a massive niche market,
see its needs and fill them. Fk rules,laws regs, and other made. Up bs, just man up and do whatever it takes to better your life.
Build value for others, money is the byproduct of creating value.
Rules do not exist, everything is permitted.
Never tell the truth to those not worthy of it.
All anyone seeks is validation so feed their ego with free pleasantries while taking their money.
Kindness is weakness.
Apply the Generative law.
To build a castle... place your first stone today right now and set it in motion.
It’s fun to attack landlords, what wrong with making money renting houses, it’s simple demand and supply. People rent out cars and no one attacks them.
Absolutely, pretty much all economists agree that "rent seeking" behaviour brings no value to the economy whatsoever, but is a form of value extraction parasitically feeding off the productive members of society. Further negating the distribution of wealth & money, long-term negatively effecting the economy as the appropriate people generating the money are not being rewarded with it's profits adequately, ultimately end up with them leaving that country to those whom will reward them more fairly...
I’m not a landlord and would never invest in the sector as it’s a very poor return
However you are clueless 😂🤣
A landlord employs decorators, plumbers, inventory suppliers, electricians and many other tradesmen
But if you had any clue at all you would know this
Get rid f all landlords for all I care
But the fact is it will effect everyone
@@boxingtruth2167 90% of the economists are wrong then I guess, Marianne Mazucato, John Keynes... Also the vast majority of homeowners would contract them instead of the landlords as the vast majority cannot do DIY.
@@dalskiBo and you’re basing this off what evidence?
Zero
Absolutely zero
I can tell you for a fact
Decorators, gas engineers, plumbers electricians and many other trades are employed.
How do I know this?
It’s legislated
@@boxingtruth2167 I quoted the economists but clearly someone is unaware of them lol, google their books which make several references to other economists with this view (90% of them) which is quickly a compounded by other references which is further compounded further. This is such a well known fact in economics it doesn't really bear arguing for.
There is no legislation whatsoever regarding the legislation of trades in conjunction with landlords. I'm not even sure what you are saying here as it is such an ambiguous statement. Any landlord can choose to work on their own property if desired with the restrictions imposed by Building Regulations which apply to landlords & homeowners alike. The only additions to a landlord are the EPC certificates required by "LEC regulations" that's it!
@@boxingtruth2167hey aren’t the employer though are they? The landlord is not creating jobs, those people are doing odd jobs and will continue to do odd jobs whether the landlord exists or not. There is also an argument for how much tax these people would declare for jobs done for the landlord so society is not necessarily benefiting in that sense either.
In fact there was a landlord on another channel that proved the point about economic activity- he said that he had closed his company down and made his employees unemployed so he could use the money to invest to BTL property and live passively off the money. That’s exactly the moral hazard that too much encouragement of landlordism causes- legitimate and valuable service to the community lost in return for economic inactivity.
I am an unintentional landlord and ended up renting after my Nan sold her house. Most tenants have been really good and I try to keep to all the regulations and do all the repairs. Selling up now though as it’s not worth it anymore. My monthly profit is around £400 per month (on two properties), and it’s often a part time job with repairs to do which I don’t have enough income to delegate it myself. If you struggle financially as a landlord, zero entitlement to any benefits for food etc. It’s not worth it anymore so selling up. I will be interested to see what happens when most landlords have sold which is what they are doing now. The end result is the landlords remaining can become very choosy, and anyone who cannot buy has to continue to rent in a market where there would be hardly any rental properties left.
The government should force mortgage lenders to stick to a 3% interest rate like in the US and then also force people to be able to buy property with a good credit rating without any deposit or with a much smaller deposit.
They should basically make it easier for everyone to buy and own a home.
using student loan to buy property??
Houses should be a human right. We need them for survival. The fact that houses are seen as a “business” is so broken
Ok. I need a house. Go build me one. It's my "human right" after all. Houses don't build themselves. So hurry. I'm waiting.
one day we will come for you@@rpospeedwagon
Landlords don't provide housing. Renters provide for their own housing by paying for it! Landlords simply take a profit on top of the cost of the property itself.
Private landlords are often parasites. The sooner state housing provision is reintroduced, with rent controls and affordable rents the better. Housing is a human right, it shouldn't be left to the greedy to fill their pockets.
The problem with the argument that "we needmore landlords" is that, if we had fewer landlords, there would be more homes for sale on the market, house prices would come down and more people would be able to buy for themselves. A landlord who buys many homes to rent is like someone who buys every ticket to a show to sell them for a profit. Their actions reduce the availability of homes to buy and raise the costs of buying for everyone else, making more people reliant on renting.
very well said. my thoughts exactly
if prices go down, investors with cash will greatly benefit...
True, “we need more landlords” is the most stupid arguments of the mess that is UK housing market. Other stupid argument from landlord is that I am not recovering my complete morgate+ maintenance +other xyz fees from the rent, so i need to increase the rent.
This is not really a good analogy. Buying a home is a major commitment with significant risks and transaction costs and tends to tie people to an area. Many young people value the flexibility of renting.
It's a chicken and egg, landlords only exist because people can't afford homes. If most people could buy a house why need landlords? But then homeowners would cry if their house prices went down and became affordable and everyone would rent, but they can't rent cus there's no landlords anymore?
Hi Travis,
I've been watching your videos for a while now and love the content.
Can you discuss how over the past year commercial portfolio's "this is including portfolio's of SFR's" are using D.I.A.L CAP (deferred Interest Accrual Loan that capitalizes towards unpaid principal) type loans to continuously kick the can at a smaller loss until the fed pivots or these investors can find buyers for their liability portfolio's that's hemorrhaging cash for these property owners.
I think tricks like this are reasons that the market doesn't make sense to a lot of 1st time homebuyers waiting for the crash. Currently there are no channels on RUclips that I can see talking about more "in-the-weeds" type of contract/loan agreements. This is just 1 highlight on how investors are able to hold onto their properties with the way ARM interest rates are.
Keep up the amazing work, and look forward to your many future videos to come!
Not everybody can afford to own thier own home because it was all planned that way.
''If you have an extra property it just burns a hole in your pocket''
Imagine having the first world problem of owning a SECOND property.
I'm reminded of the movie Exodus Gods and Kings when the mysterious boy admonishes Moses to go and see what is happening to his people now... "Or are they not people in your opinion?"... God bless you sister. I'll see you in the other side of these waters... X
I just bought a flat for 44 grand
If you have a 5 grand deposit, you can get a flat
If you saved £100 per week, you could probably buy a small flat up North within a year or 2
You may be paying that much in rent already, so just find a way to live with parents or friends while you save up
Or you could complain. That's always easier
@@truth.speaker Yeah that'll solve the problem, just tell poor people to stop being poor.
Man I wish I was so uneducated and out of touch as you are, people incapable of being cognizant of their own situation must have such little to worry about then the rest of us.
PS: please let me know if my admittedly hasty and emotional response to your comment involved me making erroneous assumptions about your situation. After i posted mine i realised that you might not be an actual landlord and may just be a mere homeowner; apologies if this is the case. What I said about landlords still applies to them, however. And your assumptions about the situation of the poor are most definitely naive. Perhaps 'truth speaker' should become 'error detector '...?
@@NeilEvans-xq8ik no problem
I am a landlord myself and I would advise to not buy property in the UK unless it's up North (if investing). Better to put it in the stock market
If you need any advice on how to get started owning your own home there's really only 1 easy way - buy up North. You can get a flat near Manchester for 50-60 thousand. That's a lot of money, but many banks let you buy with a 10% deposit. So if you can build a 6 grand deposit you can own a property outright
I HATE landlords
I hate entitled people
I bet you rent though. lol
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
Reserving property you’re not occupying in order to extract hard earned money from families… not moral
Renting a property when you have a choice not to is bonkers. Oh wait !!! Some people need to rent ?
@@pataleno Even the Hebrew prophets got it. Isaiah writes “woe to those who join house to house, who add field to field, until there is no more room”
you hit the nail on the head there with ‘NEED’… because their ancestors were dispossessed by armed men just 200-300 years ago.
History shows that humans seem to be overcoming exploitation, however slowly, at least since the Enlightenment. Slavery, a reality for so long, was finally deposed in recent centuries, for example. I hope to see employers and landlords be replaced by partners in business and universal basic services for all so that nobody is left economically vulnerable to exploitation by people who don't want to work for a living and would rather exploit their less fortunate brothers and sisters. We need an economy based on creativity, not exploitation. If you are a landlord you should feel ashamed of yourself because you are essentially a slaver.
Just so people understand, you want these people to be your landlords. Normal people that own a few properties. Why? Because companies like Blackrock etc are buying up residential properties and will edge these landlords out of the market. When that happens, good luck finding a place to rent, let alone having rent be affordable.
Someone understands game. While rest blaming landlords
Thats like saying you wouldnt want the shark to move into the pond and eat you so please let the crocodiles stay because they won't bite. both are a-holes
Thank you!
Amazing It's truly a dream come true to be able to meet all of my needs without assistance from the government, and the returns on my $10,000 investment have been spectacular. Glorify Allah
Really impressive, but how? I would love it if you could explain how to do it since I know it's doable because one of my coworkers always makes between $20k - $40k every week.
@@Devcabott Following the performance of my portfolio, Andrew has made me a staggering $270k in just the last two quarters. I now see why these seasoned traders generate big profits from the seemingly unrelated market.
@@SmithMiller5 His stellar track record already speaks for him. I placed an over $100,000 investment with him last month, and I've already made over $210,000.
@@Bridie_Aine How can I connect with him?
@@AlecHadden New trading opportunities and tactics are being introduced to the market every day. Our constant goal is financial empowerment, and Andrew Glenn Adams has demonstrated that he can contribute to this aim; his approach is the best. You may find him online and connect with him.
The market is a function of supply and demand. An increase in demand will increase prices of homes and rents, but an increase in supply will lower them. The past few generations have been discouraged from learning trades, but that’s the very thing that will increase the housing supply. Regulations have increased the time to build and driven out investment. The things that lower demand are higher rates, a declining population and regulation allowing more tenants per property/lot. The “villains” are politicians and central banks. Most people who invest in property end up becoming a handyman and property manager and marketer - finding tenants, fixing, and renovating the home for the rest of their lives - I’m sure they’d rather just a pension and a reasonable retirement age.
"I love teaching people what I'm doing...." for £200.
Maybe if Thatcher hadn't sold off all the public housing and then the government hadn't lowered the rate of social housing construction we wouldn't have this problem. As it stands, we will need millions of homes built if this crisis is to ever end.
The people who now own their own home disagree.
They now don't have rent thanks to thatcher.
@@Robert-cu9bm The amount of people that this has benefited in this way does not outweigh the amount of people that has been fucked over. Good for those people, sure, but I am thinking on a societal level. There is a Panorama doc about this. One woman that bought her family home for 15 grand is shocked to see that it is now converted into 6 bedsits being rented out at 900 quid a month to 6 tenants. Even she agreed that she would rather that the policy had not gone ahead, if she'd known it would lead to this.
The point is that right to buy, combined with a destitute level lack of continued social housing construction, has left the vast majority of working class people much poorer and more liable to be victimized by the private renting sector.
I like what Singapore does- they build housing and you have a right to buy a flat that is built by the government. Yes, it is more complicated than that and, of course, it's for citizens, but I feel like it's going to come to that at some point because this system feels broken.
Most landlords don’t even do jobs on the homes and the tenants suffer, there is loads of bad landlord, if a landlord is keeping the property up to standard then they are a good landlord, it’s literally that simple
If there’s not enough properties for regular people to actually buy homes because the homes are all being bought up by big corporations how are all these people that he’s selling the courses to going to be able to get into the market when there’s gonna be no houses to buy because there’s a shortage of supply of houses?
If all these people left the market, them there would be plenty of properties on the market for regular home buyers and the market would probably return to a normal affordable price point instead of being so high that people are having to spend 1/2 their monthly income just on rent!
Homeownership should be attainable like it used to be!!
Adam Smith, Henry George and chairman Mao what do they have in common, they all knew that landlords have less value then actual horseshit.
landlords are parasites, its tenants who pay the property bank mortgage, the property taxes, the agency fees, commissions and a profit for the landlord which often is close enough to live without working or rent for themselves other property at expenses of tenants renting their own property, these are the type of people who want others to pay high values but themselves want pay nothing, 90% of tenants pay in full the owner initial investment in purchasing the property on the first 2 years, 93% of landlords don't actually own the property but instead its the bank who owns the property, majority of landlords today expected to live forever from a 10 to 20 k GBP investment they made 10-15 years ago, majority of landlords did not made their initial investment through hard work but somehow got their cake lump some in a way that never was disclosed, climbing into the property ladder literally is climbing into another mans shoulder and these people have the audacity to act in a way they were doing tenants a favor, if what they were doing was moral, no landlord would feel embarrassed for who they are, parasites
Then what is the alternative than landlords
@@tremarley9648 change the banking law that differentiate tenants by the negative by rejecting them access to mortgages despite having historical record has tenants paying higher rent values than the typical mortgage average value consecutively for a period of 2 or more years, its unfair having banks rejecting mortgage applications of 800GBP per calendar month when they are already paying for someone else for years, decades even 1200GBP and over, all just due to the high cost of living and inflation that increases every year and prevents hard working people of saving those initial 10% for the mortgage, often cause tenants are supporting the life style of landlords
You a joke, its landlords and property agencies inflating rental prices not banks, banks stick to the property actual value.
BUILDERS PROVIDE HOUSING! Landlords own and leech, and that's it. Renovation isn't an excuse, buy and flip sure but right now the state of it is disgusting.
FARMERS provide food. SUPERMARKETS are leeches and prey upon shoppers with mark-ups
@@thepissedofflandlord Supermarkets leverage efficiencies at scale and a superior market power to provide a wide range of foods to customers at a good price. They develop their own products and manage and transport a wide range of foodstuffs and other products in a central location, and make a profit for their trouble. They provide a service.
What do you provide, mister pissed off landlord? Besides a sense of entitlement I mean. Nothing. If housing ownership were accessible to everyone, renovation and maintenance would be more than offset by savings from rent. You provide no service that could not be easily covered by your "customers" if they were to find housing accessible to them. Landlords incur no risk, because they will always have an asset to rely on if things go south to recoup most of their investment, to say nothing of the profit, and provide no service that would be reasonable outside of the current extractive system. They are leeches.
@@texasred5665 you've obviously never bought a house because you would know its fraught with risk. If things go south and my proprty is empty I still have to pay the bank if not then i lose my asset. And I provide people with a central location to live. Maybe these people don't want to commit to buying in the city centre but like the convenience, perhaps there only working on a contract basis, or are studying and don't want to be tied down to a place. Its a lot cheaper than spending the night in a hotel.
@@texasred5665 sorry to break it too you but supermarkets make big mark ups on their food. That's how they stay in business, profiteering from the most basic human need.
How did Landlords PAY for that housing?
Your view on economics is stupid...ONLY BUILDERS can own property?..rofl😅😅😅😅😂😂
You think Landlords don't have JOBS to buy EQUITY in their homes?(to do as they wish with them).
IF being a landlord is so easy, YOU DO IT!
Can we make an app of sorts, to rate landlords? I don't see those 80% 'Good Landlords'.
I have only come across landlords who ignore your concerns of mould and let you pay the repairs yourself, that should be their concern?? I don't think hyping up the 'landlord' business as a ways to earn 'easy money' has done this country any good at all! It has brought out landlords that think there is no work to be done.
All the while, we are running out of money, we just recently got an email for a rent increase. Asking for the reason gave us a reply: Because of the economic situation. Yes. WE are also part of that same economic situation.
And don't even get me started on 'Brexits' contribution to all this...
The fact that a basic need such as housing is subject to the capitalistic speculation market, is so grotesque.
I was growing up in a country with no landlords at all and somehow everything was fine. Nobody needs landlords. People need affordable housing. I am exhausted of living in a city where everybody is so poor because all their salaries go towards rent. Nobody is creative anymore. People give up respectable professions and become stupid influencers in order to buy themselves a house. I can see so many homeless on the streets of London, people with mental condition, giving up on work completely because there is no hope anymore. I personally gave up full time employment and went on housing benefit because my soul was crushed by having to work hard for years just to pay rent and no matter how much I worked I couldn't catch up with the house prices. We keep loosing such professionals as teachers, nurses even doctors because the only profession which will give you some kind of quality life is being a landlord, banker, scammer or politician. If I have to work just to pay rent I would rather stay on benefits and build something on the side.
I hate property influencers. They're talking about this like it's a fun game. They're taking homes and apartments from people who need a place to stay! Can't wait till FedNow fixes these self proclaimed property investors😡🤬