I own 17 houses. I rent them all out. I'm not profiting from vulnerabilities I am adding value to peoples lives. Councils decided to sell off all or vast majority of council homes which put people in a position that can't find a place to live so this opened it up for private tenants.
Inflation and price increases has NOTHING to do with renting.
Most of my houses are in areas there is no work people couldn't buy a house even if they wanted to they don't have the income but they do get support to be able to rent a house something they wouldn't need if council houses where around. Maybe if you showed a bit of commitment and affordability and stayed in a place longer than 6months the landlord might be a bit more forgiving to your needs.
90% of my properties are long term I got no problem with people hanging a TV on the wall, smoking in the garden, touching the place up or anything like that ill actually give them money if they have bought paint to freshen up the fence or interior.
Landlords are not the problem. Granted there are some real shit ones that take advantage of the situation. But high rents are down to the demand. I guess houses being worth a few million in London is all down to landlords even if the bubble pops those houses will still be valued high due to the location they are in.
Even if the market crashes which I think it will over the next few months (I'm waiting to buy a new retail unit) landlords are not going to be stopping you from trying to buy a house, that will be banks. Most mortgages now are requiring 20% deposit, in a recession lending money becomes harder BUT I guess then that's the landlords fault as well.
It's always easy to shit on the landlords. IF you can't afford to buy in the area you live either reduce your expectations or move.
By your own logic you want to buy a house taking advantage of a crass so you are taking a house off someone who has been forced into the street. Yet renting is immoral. Where do you think those people will end up?
No my dude,
It's simply supply and demand, as you take more houses off the market than you need, the supply of houses goes down, the price goes up, which inevitably moves more higher paid wages down into the "cant afford to buy" zone which means their only option is to rent, which increases the amount of renters.
You are not adding value to peoples lives, well the majority anyway, the people who benefit from renting are those who want liquidity for their business projects.
This is not an opinion, landlords harvesting houses like candy is the reason price has gone up. For every house you rent, that's one less left to buy. The rich are essentially hoarding properties at this point for profit. I simply do not agree with profiteering in industries where people cannot live without that product, e.g housing, food, medicine.
"It's always easy to shit on the landlords. IF you can't afford to buy in the area you live either reduce your expectations or move."
Your literally telling poor people to move from their birth place because you want profits. Do you not see how immoral that is?
I'm not worried about myself, I'm flying through pay bands at a young age, I will buy my own house soon regardless of these hoarding landlords, the people who I really feel sorry for are those who have bad parents and struggle in life due to lack of education and especially people with learning disabilities who cannot up their wages as fast as everyone else and will forever be left renting.
Renting is no longer affordable for people on minimum wage in the UK, house prices have inflated too much due to lack of supply.
Again, this is not opinion, this is a fact, it's now a housing crisis in the UK due to landlords harvesting and lack of building new homes. It's a fact. The government are having to lower standards to build houses faster because landlords are grabbing them faster than they can be built with the current standards.
