'Social Housing' .. and Rip Off Landlords

Friend Or Defoe said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

clb74 said:

Manic_mania said:

clb74 said:

Seriously.
What's the matter with some people?
I'm 49 with no pension.
So if I decided in the next couple of years to buy a 2nd property as a pension, some would be happy to see it go tits up for me.

I personally don't see a problem with buying a second property outright and then letting it out at a fair price.

I do have an issue with taking out a mortgage and expecting tenants to pay for it.

So all rental properties need to be mortgage free - that's going to work, NOT! Who decides a fair price? They tried something in Scotland that just made it worse for tenants. A fair price is market price.

You do realise a lot of businesses you buy from take out loans and by doing business with them you are paying off their mortgage loan

Right, I agree. But don’t become dewy eyed when the market turns on landlords who’ve overleveraged themselves and expect tenants to pick up the tab. Having your cake and eating it comes to mind - something for nothing.

Who is going 'dewy-eyed' about anything?. If you mean by 'overleveraged themselves' is this exactly the same as many owner/occupiers due to amongst other things, the worldwide economy? Don't be surprised when rents go up - and tenants have no choice about it and some of the reasons rents have gone up because the government has passed more costs on to the landlords.

And then the landlord passes it on to the tenant? What kind hearted people they are. If you can't afford to own a property and rent it out, sell it. It's quite simple - it's the market. 

Many more would have to sell up than currently are, which would be even worse for tenants - I'm not surprised you aren't able to purchase your own place if you don't understand the fundamentals even if you must have predicted the end in the recent low interest period that so many others didn't! I know lots of people in their 20s buying a property

I don't know why you simply don't understand the rules of supply and demand apply to both tenants and landlords. If scores of landlords sell their properties then supply outreaches demand, prices go down, tenants who want to buy that otherwise couldn't afford to buy can now afford to buy - the whole social contract begins to work again. There is obviously the problem of foreign "investors" and domestic investo- i mean landlords then hoovering up the cheaper properties - but that's where maybe a fat stamp duty on a second property could be useful to then make it unprofitable for greedy landlords and investors. This extra stamp duty could then be funelled into building social housing. I know people who've purchased their own property, but they're either doing extremely well in life or have moved to areas that bring their commute up over an hour or more. As many have said on this thread, the current system is unsustainable and delaying the inevitable (prices dropping) is just roping more and more people of my age into the hellscape of negative equity in the future. 

Manic_mania said:

Covered End said:

I'm getting a vibe that kentaddick is a tenant, who doesn't earn enough money to buy his own property. 

lots of people are in that position - that is not humorous - it's just unfortunately true.

The thing that sticks in my craw a little as someone in that position - I can just about afford to pay the monthly mortgage for the place I live in, as a renter - and in fact that is what I am doing - but apparently i'm not trusted enough to get a mortgage - but I can pay someone elses off and nobody sees the issue.

It's a bit sick tbh - the system seems kinda set up against me. 

edit for clarity - 9 years of renting thus far. Never missed a single rent payment. seen my rent rise by 25 -50 quid a month each year in that time, (until recently) for a one bed flat. After the latest rise i requested to hand in my notice and planned to go back to parents - my (decent) landlord called me (first time in nine years i've even had to speak to the guy) and asked me what he needed to do to keep me in the place.  

Yeah it was clearly meant as some kind of dig, but the majority of people of my generation (>50%) are now renters, it just comes across as hopelessly out of touch.

Friend Or Defoe said:

One of the craziest threads i've seen. Rents are high because are willing to pay them, people can't get on the ladder because they spend too much time on Charlton Life, buying property is like investing in crypto. WTF? Bet there's other gems that i've missed. 

It's a bit weird, I'm still yet to be told why some one would become a landlord other than accumulating wealth off the back of some one else (their tenant). 

I simply don't understand how you cannot understand the situation and think that landlords selling up means rents will go down. It's what is happening now and rents are definitely not coming down.  If there weren't landlords, there wouldn't be properties to rent. Most business 'accumulate wealth off the back of some one else'!

The idea is not to have rents go down, but prices of properties to go down. Heaven forbid it'll be more affordable to buy your own property than live in some one else's. If there were no longer any private landlords, then i guess the state would have to look at providing social housing, again - heaven forbid..!

Most businesses don't trade on a fundamental human need that then soaks up >50% of their customers wages. Although thinking about it in these terms sums up the attitude of landlords, it's just a business to suck up some wealth.

This is the point most people are missing. You're not trading crypto.

blackpool72 said:

I think I may have posted this a while back, but I think it's worth repeating. 

About 7 or 8 years ago a block of 8 flats were being built near where one of my mates lives. 
( Maidstone area ).
When he enquired about the cost of the flats he was told that all 8 had been bought by a Chinese man off plan.
He was told that this is common practice and that a good % of new builds are being sold to foreign businessmen. 
I also keep seeing on the news about how many places in London are now owned by people from abroad that purely buy as an investment. 

Now I have no idea what % of properties in and around London are being bought up like this but to me it's wrong. 
All this achieves is driving up the price of property over here and putting money in the hands of rich overseas buyers. 

I would like Starmer to put something in the next Labour manifesto putting a stop to foreign ownership. 
Fair enough if the property is being bought to live in but not when they are being bought purely for profit. 

Stu_of_Kunming said:

kentaddick said:

PrincessFiona said:

kentaddick said:

Friend Or Defoe said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

clb74 said:

Manic_mania said:

clb74 said:

Seriously.
What's the matter with some people?
I'm 49 with no pension.
So if I decided in the next couple of years to buy a 2nd property as a pension, some would be happy to see it go tits up for me.

I personally don't see a problem with buying a second property outright and then letting it out at a fair price.

I do have an issue with taking out a mortgage and expecting tenants to pay for it.

So all rental properties need to be mortgage free - that's going to work, NOT! Who decides a fair price? They tried something in Scotland that just made it worse for tenants. A fair price is market price.

You do realise a lot of businesses you buy from take out loans and by doing business with them you are paying off their mortgage loan

Right, I agree. But don’t become dewy eyed when the market turns on landlords who’ve overleveraged themselves and expect tenants to pick up the tab. Having your cake and eating it comes to mind - something for nothing.

Who is going 'dewy-eyed' about anything?. If you mean by 'overleveraged themselves' is this exactly the same as many owner/occupiers due to amongst other things, the worldwide economy? Don't be surprised when rents go up - and tenants have no choice about it and some of the reasons rents have gone up because the government has passed more costs on to the landlords.

And then the landlord passes it on to the tenant? What kind hearted people they are. If you can't afford to own a property and rent it out, sell it. It's quite simple - it's the market. 

Many more would have to sell up than currently are, which would be even worse for tenants - I'm not surprised you aren't able to purchase your own place if you don't understand the fundamentals even if you must have predicted the end in the recent low interest period that so many others didn't! I know lots of people in their 20s buying a property

I don't know why you simply don't understand the rules of supply and demand apply to both tenants and landlords. If scores of landlords sell their properties then supply outreaches demand, prices go down, tenants who want to buy that otherwise couldn't afford to buy can now afford to buy - the whole social contract begins to work again. There is obviously the problem of foreign "investors" and domestic investo- i mean landlords then hoovering up the cheaper properties - but that's where maybe a fat stamp duty on a second property could be useful to then make it unprofitable for greedy landlords and investors. This extra stamp duty could then be funelled into building social housing. I know people who've purchased their own property, but they're either doing extremely well in life or have moved to areas that bring their commute up over an hour or more. As many have said on this thread, the current system is unsustainable and delaying the inevitable (prices dropping) is just roping more and more people of my age into the hellscape of negative equity in the future. 

Manic_mania said:

Covered End said:

I'm getting a vibe that kentaddick is a tenant, who doesn't earn enough money to buy his own property. 

lots of people are in that position - that is not humorous - it's just unfortunately true.

The thing that sticks in my craw a little as someone in that position - I can just about afford to pay the monthly mortgage for the place I live in, as a renter - and in fact that is what I am doing - but apparently i'm not trusted enough to get a mortgage - but I can pay someone elses off and nobody sees the issue.

It's a bit sick tbh - the system seems kinda set up against me. 

edit for clarity - 9 years of renting thus far. Never missed a single rent payment. seen my rent rise by 25 -50 quid a month each year in that time, (until recently) for a one bed flat. After the latest rise i requested to hand in my notice and planned to go back to parents - my (decent) landlord called me (first time in nine years i've even had to speak to the guy) and asked me what he needed to do to keep me in the place.  

Yeah it was clearly meant as some kind of dig, but the majority of people of my generation (>50%) are now renters, it just comes across as hopelessly out of touch.

Friend Or Defoe said:

One of the craziest threads i've seen. Rents are high because are willing to pay them, people can't get on the ladder because they spend too much time on Charlton Life, buying property is like investing in crypto. WTF? Bet there's other gems that i've missed. 

It's a bit weird, I'm still yet to be told why some one would become a landlord other than accumulating wealth off the back of some one else (their tenant). 

I simply don't understand how you cannot understand the situation and think that landlords selling up means rents will go down. It's what is happening now and rents are definitely not coming down.  If there weren't landlords, there wouldn't be properties to rent. Most business 'accumulate wealth off the back of some one else'!

The idea is not to have rents go down, but prices of properties to go down. Heaven forbid it'll be more affordable to buy your own property than live in some one else's. If there were no longer any private landlords, then i guess the state would have to look at providing social housing, again - heaven forbid..!

Most businesses don't trade on a fundamental human need that then soaks up >50% of their customers wages. Although thinking about it in these terms sums up the attitude of landlords, it's just a business to suck up some wealth.

This is the point most people are missing. You're not trading crypto.

I've spent the last day or so being told that being a landlord has nothing to do with greed and sponging wealth off people, and now i'm told it is and it's fine because "it's a business". 

Because you think it is greed but it isn't. No one is 'sponging'. You are entitled to your opinion but it doesn't make you correct. Am off to do some more work now

I'm going to ask this for what feels like the tenth time, how is it not greed? How is it not sponging when you're contributing nothing to the productivity of the country? and, something i've definitely asked before - Why do people become landlords in the first place?

Do you hold supermarkets in the same contempt? 

valleynick66 said:

kentaddick said:

Stu_of_Kunming said:

kentaddick said:

PrincessFiona said:

kentaddick said:

Friend Or Defoe said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

clb74 said:

Manic_mania said:

clb74 said:

Seriously.
What's the matter with some people?
I'm 49 with no pension.
So if I decided in the next couple of years to buy a 2nd property as a pension, some would be happy to see it go tits up for me.

I personally don't see a problem with buying a second property outright and then letting it out at a fair price.

I do have an issue with taking out a mortgage and expecting tenants to pay for it.

So all rental properties need to be mortgage free - that's going to work, NOT! Who decides a fair price? They tried something in Scotland that just made it worse for tenants. A fair price is market price.

You do realise a lot of businesses you buy from take out loans and by doing business with them you are paying off their mortgage loan

Right, I agree. But don’t become dewy eyed when the market turns on landlords who’ve overleveraged themselves and expect tenants to pick up the tab. Having your cake and eating it comes to mind - something for nothing.

Who is going 'dewy-eyed' about anything?. If you mean by 'overleveraged themselves' is this exactly the same as many owner/occupiers due to amongst other things, the worldwide economy? Don't be surprised when rents go up - and tenants have no choice about it and some of the reasons rents have gone up because the government has passed more costs on to the landlords.

And then the landlord passes it on to the tenant? What kind hearted people they are. If you can't afford to own a property and rent it out, sell it. It's quite simple - it's the market. 

Many more would have to sell up than currently are, which would be even worse for tenants - I'm not surprised you aren't able to purchase your own place if you don't understand the fundamentals even if you must have predicted the end in the recent low interest period that so many others didn't! I know lots of people in their 20s buying a property

I don't know why you simply don't understand the rules of supply and demand apply to both tenants and landlords. If scores of landlords sell their properties then supply outreaches demand, prices go down, tenants who want to buy that otherwise couldn't afford to buy can now afford to buy - the whole social contract begins to work again. There is obviously the problem of foreign "investors" and domestic investo- i mean landlords then hoovering up the cheaper properties - but that's where maybe a fat stamp duty on a second property could be useful to then make it unprofitable for greedy landlords and investors. This extra stamp duty could then be funelled into building social housing. I know people who've purchased their own property, but they're either doing extremely well in life or have moved to areas that bring their commute up over an hour or more. As many have said on this thread, the current system is unsustainable and delaying the inevitable (prices dropping) is just roping more and more people of my age into the hellscape of negative equity in the future. 

Manic_mania said:

Covered End said:

I'm getting a vibe that kentaddick is a tenant, who doesn't earn enough money to buy his own property. 

lots of people are in that position - that is not humorous - it's just unfortunately true.

The thing that sticks in my craw a little as someone in that position - I can just about afford to pay the monthly mortgage for the place I live in, as a renter - and in fact that is what I am doing - but apparently i'm not trusted enough to get a mortgage - but I can pay someone elses off and nobody sees the issue.

It's a bit sick tbh - the system seems kinda set up against me. 

edit for clarity - 9 years of renting thus far. Never missed a single rent payment. seen my rent rise by 25 -50 quid a month each year in that time, (until recently) for a one bed flat. After the latest rise i requested to hand in my notice and planned to go back to parents - my (decent) landlord called me (first time in nine years i've even had to speak to the guy) and asked me what he needed to do to keep me in the place.  

Yeah it was clearly meant as some kind of dig, but the majority of people of my generation (>50%) are now renters, it just comes across as hopelessly out of touch.

Friend Or Defoe said:

One of the craziest threads i've seen. Rents are high because are willing to pay them, people can't get on the ladder because they spend too much time on Charlton Life, buying property is like investing in crypto. WTF? Bet there's other gems that i've missed. 

It's a bit weird, I'm still yet to be told why some one would become a landlord other than accumulating wealth off the back of some one else (their tenant). 

I simply don't understand how you cannot understand the situation and think that landlords selling up means rents will go down. It's what is happening now and rents are definitely not coming down.  If there weren't landlords, there wouldn't be properties to rent. Most business 'accumulate wealth off the back of some one else'!

The idea is not to have rents go down, but prices of properties to go down. Heaven forbid it'll be more affordable to buy your own property than live in some one else's. If there were no longer any private landlords, then i guess the state would have to look at providing social housing, again - heaven forbid..!

Most businesses don't trade on a fundamental human need that then soaks up >50% of their customers wages. Although thinking about it in these terms sums up the attitude of landlords, it's just a business to suck up some wealth.

This is the point most people are missing. You're not trading crypto.

I've spent the last day or so being told that being a landlord has nothing to do with greed and sponging wealth off people, and now i'm told it is and it's fine because "it's a business". 

Because you think it is greed but it isn't. No one is 'sponging'. You are entitled to your opinion but it doesn't make you correct. Am off to do some more work now

I'm going to ask this for what feels like the tenth time, how is it not greed? How is it not sponging when you're contributing nothing to the productivity of the country? and, something i've definitely asked before - Why do people become landlords in the first place?

Do you hold supermarkets in the same contempt? 

It's pretty clear when you buy food you're paying people for their productivity. You pay the supermarket for your food and they pay their suppliers, farmers etc. There's a much wider economy around it which helps grease the wheels of the country's economy. What productivity is a landlord contributing? 

The landlord is proving access to a home which you can't or don't wish to buy for the long term.

It is a reasonable that the landlord provides that 'service' and makes a profit as he carries all the risk - mortgage costs, no tenants , bad tenants, maintenance etc.

All we are really discussing is the market rate of rents which has grown hugely & to a level that (at least in London) isn't sustainable for many.

We either rely on market dynamics of supply & demand to push rents back down or some better legislation designed that makes the cost 'fairer'. Its not wrong to be a landlord per se.

Algarveaddick said:

kentaddick said:

Stu_of_Kunming said:

kentaddick said:

PrincessFiona said:

kentaddick said:

Friend Or Defoe said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

clb74 said:

Manic_mania said:

clb74 said:

Seriously.
What's the matter with some people?
I'm 49 with no pension.
So if I decided in the next couple of years to buy a 2nd property as a pension, some would be happy to see it go tits up for me.

I personally don't see a problem with buying a second property outright and then letting it out at a fair price.

I do have an issue with taking out a mortgage and expecting tenants to pay for it.

So all rental properties need to be mortgage free - that's going to work, NOT! Who decides a fair price? They tried something in Scotland that just made it worse for tenants. A fair price is market price.

You do realise a lot of businesses you buy from take out loans and by doing business with them you are paying off their mortgage loan

Right, I agree. But don’t become dewy eyed when the market turns on landlords who’ve overleveraged themselves and expect tenants to pick up the tab. Having your cake and eating it comes to mind - something for nothing.

Who is going 'dewy-eyed' about anything?. If you mean by 'overleveraged themselves' is this exactly the same as many owner/occupiers due to amongst other things, the worldwide economy? Don't be surprised when rents go up - and tenants have no choice about it and some of the reasons rents have gone up because the government has passed more costs on to the landlords.

And then the landlord passes it on to the tenant? What kind hearted people they are. If you can't afford to own a property and rent it out, sell it. It's quite simple - it's the market. 

Many more would have to sell up than currently are, which would be even worse for tenants - I'm not surprised you aren't able to purchase your own place if you don't understand the fundamentals even if you must have predicted the end in the recent low interest period that so many others didn't! I know lots of people in their 20s buying a property

I don't know why you simply don't understand the rules of supply and demand apply to both tenants and landlords. If scores of landlords sell their properties then supply outreaches demand, prices go down, tenants who want to buy that otherwise couldn't afford to buy can now afford to buy - the whole social contract begins to work again. There is obviously the problem of foreign "investors" and domestic investo- i mean landlords then hoovering up the cheaper properties - but that's where maybe a fat stamp duty on a second property could be useful to then make it unprofitable for greedy landlords and investors. This extra stamp duty could then be funelled into building social housing. I know people who've purchased their own property, but they're either doing extremely well in life or have moved to areas that bring their commute up over an hour or more. As many have said on this thread, the current system is unsustainable and delaying the inevitable (prices dropping) is just roping more and more people of my age into the hellscape of negative equity in the future. 

Manic_mania said:

Covered End said:

I'm getting a vibe that kentaddick is a tenant, who doesn't earn enough money to buy his own property. 

lots of people are in that position - that is not humorous - it's just unfortunately true.

The thing that sticks in my craw a little as someone in that position - I can just about afford to pay the monthly mortgage for the place I live in, as a renter - and in fact that is what I am doing - but apparently i'm not trusted enough to get a mortgage - but I can pay someone elses off and nobody sees the issue.

It's a bit sick tbh - the system seems kinda set up against me. 

edit for clarity - 9 years of renting thus far. Never missed a single rent payment. seen my rent rise by 25 -50 quid a month each year in that time, (until recently) for a one bed flat. After the latest rise i requested to hand in my notice and planned to go back to parents - my (decent) landlord called me (first time in nine years i've even had to speak to the guy) and asked me what he needed to do to keep me in the place.  

Yeah it was clearly meant as some kind of dig, but the majority of people of my generation (>50%) are now renters, it just comes across as hopelessly out of touch.

Friend Or Defoe said:

One of the craziest threads i've seen. Rents are high because are willing to pay them, people can't get on the ladder because they spend too much time on Charlton Life, buying property is like investing in crypto. WTF? Bet there's other gems that i've missed. 

It's a bit weird, I'm still yet to be told why some one would become a landlord other than accumulating wealth off the back of some one else (their tenant). 

I simply don't understand how you cannot understand the situation and think that landlords selling up means rents will go down. It's what is happening now and rents are definitely not coming down.  If there weren't landlords, there wouldn't be properties to rent. Most business 'accumulate wealth off the back of some one else'!

The idea is not to have rents go down, but prices of properties to go down. Heaven forbid it'll be more affordable to buy your own property than live in some one else's. If there were no longer any private landlords, then i guess the state would have to look at providing social housing, again - heaven forbid..!

Most businesses don't trade on a fundamental human need that then soaks up >50% of their customers wages. Although thinking about it in these terms sums up the attitude of landlords, it's just a business to suck up some wealth.

This is the point most people are missing. You're not trading crypto.

I've spent the last day or so being told that being a landlord has nothing to do with greed and sponging wealth off people, and now i'm told it is and it's fine because "it's a business". 

Because you think it is greed but it isn't. No one is 'sponging'. You are entitled to your opinion but it doesn't make you correct. Am off to do some more work now

I'm going to ask this for what feels like the tenth time, how is it not greed? How is it not sponging when you're contributing nothing to the productivity of the country? and, something i've definitely asked before - Why do people become landlords in the first place?

Do you hold supermarkets in the same contempt? 

It's pretty clear when you buy food you're paying people for their productivity. You pay the supermarket for your food and they pay their suppliers, farmers etc. There's a much wider economy around it which helps grease the wheels of the country's economy. What productivity is a landlord contributing? 

In my (well, our) case we pay tax on income from our property and what's left we go out and spend at supermarkets, restaurants, on travel, etc. Greasing the wheels of the economy as you rightly put it. I am sure many small landlords do the same. I have no pension, we made a decision a long time ago that property would be my pension, and made sacrifices to pay off the mortgage early (and stay afloat when we had a property each when we met, both with negative equity and both paying interest that climbed to 15% at one point), we made sure that we had insurance cover should there be health problems (which paid off) and yes, we have inherited a bit. I don't see why we shouldn't use that to create an income that we pay tax on and put back into the economy? 

Do you have the same attitude to people making money from stocks and shares, ISAs etc or just bank interest, KA?               

Stu_of_Kunming said:

kentaddick said:

valleynick66 said:

kentaddick said:

Stu_of_Kunming said:

kentaddick said:

PrincessFiona said:

kentaddick said:

Friend Or Defoe said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

kentaddick said:

PrincessFiona said:

clb74 said:

Manic_mania said:

clb74 said:

Seriously.
What's the matter with some people?
I'm 49 with no pension.
So if I decided in the next couple of years to buy a 2nd property as a pension, some would be happy to see it go tits up for me.

I personally don't see a problem with buying a second property outright and then letting it out at a fair price.

I do have an issue with taking out a mortgage and expecting tenants to pay for it.

So all rental properties need to be mortgage free - that's going to work, NOT! Who decides a fair price? They tried something in Scotland that just made it worse for tenants. A fair price is market price.

You do realise a lot of businesses you buy from take out loans and by doing business with them you are paying off their mortgage loan

Right, I agree. But don’t become dewy eyed when the market turns on landlords who’ve overleveraged themselves and expect tenants to pick up the tab. Having your cake and eating it comes to mind - something for nothing.

Who is going 'dewy-eyed' about anything?. If you mean by 'overleveraged themselves' is this exactly the same as many owner/occupiers due to amongst other things, the worldwide economy? Don't be surprised when rents go up - and tenants have no choice about it and some of the reasons rents have gone up because the government has passed more costs on to the landlords.

And then the landlord passes it on to the tenant? What kind hearted people they are. If you can't afford to own a property and rent it out, sell it. It's quite simple - it's the market. 

Many more would have to sell up than currently are, which would be even worse for tenants - I'm not surprised you aren't able to purchase your own place if you don't understand the fundamentals even if you must have predicted the end in the recent low interest period that so many others didn't! I know lots of people in their 20s buying a property

I don't know why you simply don't understand the rules of supply and demand apply to both tenants and landlords. If scores of landlords sell their properties then supply outreaches demand, prices go down, tenants who want to buy that otherwise couldn't afford to buy can now afford to buy - the whole social contract begins to work again. There is obviously the problem of foreign "investors" and domestic investo- i mean landlords then hoovering up the cheaper properties - but that's where maybe a fat stamp duty on a second property could be useful to then make it unprofitable for greedy landlords and investors. This extra stamp duty could then be funelled into building social housing. I know people who've purchased their own property, but they're either doing extremely well in life or have moved to areas that bring their commute up over an hour or more. As many have said on this thread, the current system is unsustainable and delaying the inevitable (prices dropping) is just roping more and more people of my age into the hellscape of negative equity in the future. 

Manic_mania said:

Covered End said:

I'm getting a vibe that kentaddick is a tenant, who doesn't earn enough money to buy his own property. 

lots of people are in that position - that is not humorous - it's just unfortunately true.

The thing that sticks in my craw a little as someone in that position - I can just about afford to pay the monthly mortgage for the place I live in, as a renter - and in fact that is what I am doing - but apparently i'm not trusted enough to get a mortgage - but I can pay someone elses off and nobody sees the issue.

It's a bit sick tbh - the system seems kinda set up against me. 

edit for clarity - 9 years of renting thus far. Never missed a single rent payment. seen my rent rise by 25 -50 quid a month each year in that time, (until recently) for a one bed flat. After the latest rise i requested to hand in my notice and planned to go back to parents - my (decent) landlord called me (first time in nine years i've even had to speak to the guy) and asked me what he needed to do to keep me in the place.  

Yeah it was clearly meant as some kind of dig, but the majority of people of my generation (>50%) are now renters, it just comes across as hopelessly out of touch.

Friend Or Defoe said:

One of the craziest threads i've seen. Rents are high because are willing to pay them, people can't get on the ladder because they spend too much time on Charlton Life, buying property is like investing in crypto. WTF? Bet there's other gems that i've missed. 

It's a bit weird, I'm still yet to be told why some one would become a landlord other than accumulating wealth off the back of some one else (their tenant). 

I simply don't understand how you cannot understand the situation and think that landlords selling up means rents will go down. It's what is happening now and rents are definitely not coming down.  If there weren't landlords, there wouldn't be properties to rent. Most business 'accumulate wealth off the back of some one else'!

The idea is not to have rents go down, but prices of properties to go down. Heaven forbid it'll be more affordable to buy your own property than live in some one else's. If there were no longer any private landlords, then i guess the state would have to look at providing social housing, again - heaven forbid..!

Most businesses don't trade on a fundamental human need that then soaks up >50% of their customers wages. Although thinking about it in these terms sums up the attitude of landlords, it's just a business to suck up some wealth.

This is the point most people are missing. You're not trading crypto.

I've spent the last day or so being told that being a landlord has nothing to do with greed and sponging wealth off people, and now i'm told it is and it's fine because "it's a business". 

Because you think it is greed but it isn't. No one is 'sponging'. You are entitled to your opinion but it doesn't make you correct. Am off to do some more work now

I'm going to ask this for what feels like the tenth time, how is it not greed? How is it not sponging when you're contributing nothing to the productivity of the country? and, something i've definitely asked before - Why do people become landlords in the first place?

Do you hold supermarkets in the same contempt? 

It's pretty clear when you buy food you're paying people for their productivity. You pay the supermarket for your food and they pay their suppliers, farmers etc. There's a much wider economy around it which helps grease the wheels of the country's economy. What productivity is a landlord contributing? 

The landlord is proving access to a home which you can't or don't wish to buy for the long term.

It is a reasonable that the landlord provides that 'service' and makes a profit as he carries all the risk - mortgage costs, no tenants , bad tenants, maintenance etc.

All we are really discussing is the market rate of rents which has grown hugely & to a level that (at least in London) isn't sustainable for many.

We either rely on market dynamics of supply & demand to push rents back down or some better legislation designed that makes the cost 'fairer'. Its not wrong to be a landlord per se.

I'm not saying it is, but lets be realistic, is it morally right to have an investment that is fundamental to people's living whilst that is completely out the reach of their tenants? 

Change tenants for customers and the same point applies to a supermarket, they’re profiting from the ultimate fundamental things in life. 

They could service all their suppliers at cost, if it wasn’t for pure greed, apparently. 

Greenhithe said:

You know MORALLY. In reality - when all is said and done.

What is right about someone being able to sign a bit of paper for a house and then getting someone else to find someone else (lets call them a victim) who cant sign a piece of paper for 25 years and them then paying £300,000 as a guess amount over that period and then the first person (lets call them the parasite) OWNING the house outright and telling the person that paid for it to get out.

Its basically bullshit isnt it? You know when you actually think about it.