Asking landlords how to cope with the cost of living crisis

We went to the National Landlord Investment Show to ask the people who own our flats how we should cope with the cost of living crisis.
Reporter: Reuben Pinder
Camera: Joanne George
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[@PoliticsJOE]

Asking bankers how to cope with the cost of living crisis: kzbin.info/www/bejne/bpTTlJ2aaJyLq8k

[@jasonlillis6645]

This is up there with some of the worst editing I have seen. The gent in the black suit with a blue tie at the start of the video, is made to look like a cold callus piece of shit. Then (thankfully) the whole clip is shown. Now if someone actually the full video then they will see. But my first initial thoughts were "wow, what an out of touch **** that bloke is" Now I'm not a fan of most city workers by any stretch, but please think beforehand. Like he said, he said a comment tongue and cheek. But yes, he said there is probably people out there that are doing it. Context WOULD be a help next time. Please take this as constructive criticism please.

[@SK-ei4cm]

@Reno Pro is your job worth that ?

[@HitcherUK]

If landlords are struggling perhaps they should look for a better job!

[@888ssss]

they will be soon.

[@linda-nl8ib]

Jobs will soon going. Even really jobs will be going. We are heading for a recession probably the worst we ever seen.

[@Rapanior]

@@linda-nl8ib There are plenty of jobs going within the engineering industry & will be for a long time coming…we don’t have enough skilled workers to fill the positions, due to the lack of apprenticeship schemes in this country. You see engineers ranging between 18-30 then 50-65 roughly on most sites. All of the older engineers will be retiring soon, which will leave a massive gap in the market.

[@Rapanior]

@@linda-nl8ib Just passing on some information encase you/anyone reading this end up in the unfortunate position of being made redundant. I know it’s an industry crying out for skilled workers & generally the pay isn’t too bad either.

[@linda-nl8ib]

@@Rapanior yes I agree with you. But will the government pay for some of youngsters to go and trained up. We need more industry

[@keithpanton7486]

"Have no pleasures in your life, because you exist to make me richer" Anyone want to bet who this lot vote for?

[@xdylanwx]

100% spot on

[@michaelsilver9984]

the tories are very restrictive on planning permission so probably not them as alot of capital gains come from extentioons

[@TheHestya]

@@michaelsilver9984 These are the sort of people that avoid paying their taxes. It's 100% tory sort of people.

[@keithpanton7486]

@@michaelsilver9984 I'd imagine Tory donors don't have their extensions denied quite so readily...

[@xdylanwx]

"Most landlords will help" Yeah, help pack your bags and kick you out

[@funoff3207]

That was the worst bullshit yet

[@danielbaguley2483]

People aren't saving money not because it's 'not fashionable'. It's because wages are flat. Saying to people 'just save' is ridiculous. People are being paid so poorly that they can't work their way out of poverty. Oh but please think of the landlords. But of course we're beaten over the head with the message that we're suppose to not enjoy things - you're suppose to get paid and go your flat and sit in the cold and dark and give most of your money to landlords, or the banks, or the government. But hey, least when we're wrapped in blankets trying to keep warm, and you can't even enjoy a cup of fucking coffee, we can tell ourselves we're productive members of society - that means we work hard and never do things we enjoy because the societal obligation has become 'work and nothing else'.

[@piccalillipit9211]

In 1988 my salary as a new starting at 18 was £7,250. If you work that out in pints of beer - its about 11,000 pints. To buy 11,000 pints today you would need to earn about £38k And lets be clear - at 18 99.99% of my salary went on beer. I was out 3 or 4 nights a week clubbing, cos thats what life was like in 1988 for an 18 year old - and I bought a house at 23... I feel SO SORRY for young people today - life is totally sh!t for them.

[@IR._]

@@piccalillipit9211 As a 19 year old in 2022, where I live, I earn the equivalent of 4000 pints of beer. I live with my parents and other than what I pay them for rent I pretty much save every penny. Can’t imagine moving out any time soon. And with current inflation rates, my savings will be worth fuck all in a few years anyway. What a life 😂 I don’t drink or go out very often. I certainly don’t buy a Costa coffee every morning like the people in this video are suggesting.

[@Neil-qg9cw]

@@piccalillipit9211 The Tories have absolutely destroyed this country. As someone who turned 18 in 2010 it has been a bleak 12 years. 0hrs contracts not paying enough to live, rent going sky high, the NHS falling apart etc. Thankfully I eventually managed to pull myself out into decent work, mostly through luck, but life is still bleak - the possibility of home ownership here seems so far away. Me and my gf are seriously considering moving to Europe in a few years. Better work/life balance, better weather, cheaper, and happier places. Britain has turned into a miserable rock of ignorance and arrogance, and everything is a complete rip off. My generation and the following ones have been totally screwed, and they wonder why growth and the economy is abysmal? Our own Government won't invest in us, the bedrock of a strong economy 🤦‍♂️

[@Cheebasonic]

@@piccalillipit9211 compare that salary with rent and property prices today too!

[@piccalillipit9211]

@@IR._ - I have friends who are 22 or 24 and they NEVER go out. they save every penny and every year they get further away from owning a house. Between 16 and 25 you should be doing NOTHING but having fun. Its not fair to steal people's lives like this. If people have done nothing but work and save since you were 16 - there are going to be a LOT of mental breakdowns in mid-life. These pressures are NOT without social consequences.

[@raymccrae]

Buying a rental property is an investment. Landlords are meant to be taking on the risk of potential losses, not just expecting these properties to be money printers.This is just wealthy people buying up the houses and passing on the mortgage risk to the tenants.

[@piccalillipit9211]

LANDLORDS HAVE MORTGAGES TO PAY maybe they should have saved for a rainy day then... Sounds like bad financial planning to me...!!! Maybe a few less holidays, a few less costa coffees they would have the savings to cover a crisis. why should tenants have to worry about the landlords problems?

[@James-mb3je]

@@piccalillipit9211 you seem to have missed the point the OP was driving at, your post has a contradictory tone but you are on the same page. This is probably because you copy pasted it from another thread.

[@egold33311]

Yes absolutely, the actual mortage payment for the Landlord isn't relevant to the rent directly, it should be based on rent in the area not a mortage payment which could vary depending on the term. The landlords that own the properties are going to be base the rent on the market conditions and the rent in the area.

[@piccalillipit9211]

@@James-mb3je - I did copy and paste it but I was agreeing. The reason it may come across as contradictory is probably that I speak Bulgarian every day [even though Im british] and this is a very "confrontational" language After 15 years here I find subtlety difficult.

[@FONASDeadlock]

The problem is that not all landlords are equal. That's the harsh reality. Some of us provide great quality properties at or below the LHA amount. Unfortunately we all get tarred with the worst brush. We need policy makers smart enough to differentiate between the two instead of having blanket bans on rent increases or moratorium on eviction. A simple example of a smarter policy would be that you can't raise rents "above the LHA amount" and can't evict tenants "unless they are in over 3 months arrears"

[@-Ryodan]

"Landlords have their own mortgages to pay" well damn, maybe they should get a real job and cut back on costa coffees then instead of relying on someone else to pay off their mortgage for them.

[@funoff3207]

Human beings are not cash machines. I hate how irresponsible Landlords can be even with all the regulations most don't care.

[@piccalillipit9211]

YEP - maybe they should have saved for a rainy day then... That sounds like bad financial planning to me...!!!

[@888ssss]

investment comes with risk they will find.

[@jackwills7092]

Landlords I like the name land ------loards Puts you in your place I know 1 man has 20 houses and another who has over 100 I asked them for a place they said no

[@schumanhuman]

No sympathy as such, but it does point to the wider systemic problem it is the banking system and the previous owners who are also being rewarded by people leveraging up to gain entry to the market. A parasitic cycle.

[@12bigredd]

the sooner you go to the landlord, tell them your not gonna be able to pay, the sooner they will evict you lol

[@coltuppal]

Landlords are not charities. If you have an agreement you signed for it so have to stick to it. Landlords costs are going up to with higher taxation and doubling of mortgage payments

[@funoff3207]

@@coltuppal And they accepted that risk when they 'invested' no profit is guaranteed. These irresponsible, deluded people should not be in charge of others welfare and housing they are the leeches of society.

[@888ssss]

here is spain they cant kick you out for 5 years. its full of legal squatters. hardly anyone is paying rent. esp to overseas owners.

[@jackwills7092]

Absolutely right tenants have no rights Landlord can kick you out anytime

[@Neil-qg9cw]

@@coltuppal Cry me a river. You're not a business either mate, you're just a leech. A mortgage is supposed to have risk! Hoarding property isn't contributing value...

[@NeonVisual]

When Boomers were the same age as Millennials are now, they held about 18% of the total wealth of society. Millennials now hold less than 5% despite being the largest working group. Boomers now hold 64% of the wealth of society. When inflation rises, the value of property held by the boomers also rises, which then sucks more wealth away from millennials through increased rents. Boomers benefited from the biggest economic boom throughout their entire working lives. Millennials are now on their 3rd financial crash in 22 years. Under the current taxation and benefits system, boomers get a net benefit of +26% of what they paid in. Millennials currently get -38%. It's a very sorry state of affairs, and it's not surprising so many younger people are just refusing to be part of the system anymore, going off-grid and let the massive Ponzi pensions system collapse in on it's self.

[@CryptoHQ]

What astonishes me are Landlords who think they are providing some kind of public service. "If we didn't provide rental housing where would they live?" Well, let's look at that objectively. If these people didn't buy up far more property than they actually need for themselves, then subsequent generations would have had the same ability to buy their own home. The supply of housing would then meet demand such that house prices wouldn't be 12x average income, but instead still be at around 3x-5x average income as per when the Boomerati started getting greedy with additional property. And let's not forget that the moment planning for new housing is proposed, all the local NIMBY boomerati band together and do everything they possibly can to object to the housing in order to maintain their property cartel such that people have NO CHOICE but to rent from them at massively over-inflated prices.

[@888ssss]

the boomers used credit to own all the assets, but this is going to be at the cost of their entire pension system. i wont be shedding any tears in the coming years.

[@sharenwhitlock7737]

It is not boomers that are the trouble, that's a myth, the figures there include the obscenely wealthy. The trouble is the top 1%, not the billionaire, but the multi billionaires hoarding what they have, passing it down and buying up all the assets. Divide and conquer the good old Tory way. We're all in the same boats boomers and millennials alike. It's those greedy megalomaniacs in the top 1% that are bleeding all of us.

[@whatsthatnow308]

@@CryptoHQ Buying to rent should be illegal, it's extortion, simple as that. All property that is not lived in should be owned by the state with a proportion kept for social housing and the rest for short term private letting or sale. If someone renting a social property becomes able to afford to buy it, they can pay the going rate and take it from the state and vice versa. It's extremely uncomplicated but, unfortunately, there are those that are just too fucking greedy to stomach such a system.

[@IR._]

But all we need to do is have fewer Starbucks coffees right? Problem solved. 🤣🤦‍♂️

[@Billybootlegger]

Landlords very blatantly showing they have never delt with a landlord before.

[@Pain384]

'Don't buy coffee from costa', 'Don't do frivolous spending' These people are so dissconnected from reality

[@888ssss]

i dont do that anyway. i work part time and i dont consume crap.

[@Pain384]

@@888ssss Most people don't, most people can't afford to. I find it abbhorrent when people people like this talk about not buying things to pay for stuff. It's really rather disgusting, because at the end of the day it is these kinda people who would be lining up their pockets from rental income and whatnot. It is a sad reality that we have things like costa coffee that people don't buy because they need to save their money. These kinda things exist and should be available for everyone to use and enjoy, not just the rich people

[@888ssss]

@@Pain384 saving money from one grifter to spend on another is still a waste of time. people can learn you dont need these corporations at all. you did not need them in the 1990s, and you dont need a coffee every 5 minutes now. esp for £3😆

[@888ssss]

@@Pain384 same for branded clothing. they now just make the wearer look like a dumbass who was easily cheated out of their money by clever marketing men. its not cool to wear an adidas t shirt that was £55. it just makes you look thick..

[@Pain384]

@@888ssss The problem is most people don’t have the vision to see beyond the systemic structure we live in and assume this is the only life because it’s the only thing they’ve known. The only important distinction that should ever be considered is that they are two different types of people. People who work for their money (working class) and people who already have money (rich class), in this current system money is being fed directly from working class to rich class and because of policy decisions the rich hoard their money without recycling it into the economy. You’re not wrong about brands they pretty much serve to inflate personal ego.

[@iommi1991]

“You’ve got two options, cut your costs or make more money.” Cheers pal, you’ve cracked it.

[@nr1785]

Please tell me where all these higher paying jobs are?

[@samuelgold394]

@@nr1785 onlyfans

[@juliewake4585]

Wouldn’t it be wonderful if everyone could actually afford to buy a place of their own? No, we don’t want to keep all the landlords. We want proper social housing.

[@jameschamberlain5817]

Absolutely spot on that

[@kaysi6605]

yes, but the system right now isn't set up and social housing would require a policy change. So that comment is based on the situation right now, and unfortunately, he isn't wrong when concerning the current situation.

[@Fillup82]

Private rentals shouldn’t be a thing. It’s fucked up everything.

[@aidanwatson3499]

Ideologically I agree, practically that isn't happening for decades because the system in this country is too established in this private ownership direction. In this instance SOME of the things said in this video are true and helpful.

[@redrob6026]

People can't buy because wealthy people are buying up all the houses.

[@ospreyphil8995]

“Buy less Costa Coffees” Starbucks: 😃😃😃😃

[@888ssss]

mellow birds in a flask.

[@BambiTrout]

"It's not fashionable to save money." My dude, I live in York with a teaching assistant who works full time for £12,000 a year. The average cost of living here is £13,000. She can't even afford the petrol to get her to work. She's currently dependent on me, her family, and her boyfriend for basic essentials. She's a qualified teacher but she can't get a job because schools are cutting classes and unable to hire anyone new. Her school uses her as a half-price supply teacher - she has covered literally every single class in the school, has run multiple after school clubs, and directed the school play for NOTHING. She's about to move in with her boyfriend's parents because it's the only way she can afford to continue working. It's not about what's fashionable. It's about the fact that wages - particularly in teaching and nursing have stagnated, and cuts have meant that even underpaying staff is untenable at the moment. The government is piling austerity on top of austerity and these rich twats are wondering why all our public services are collapsing and no one is saving money any more - for many there's literally NOTHING to save.

[@jfluffydog2110]

12k a year?????? really?????? that's awful, I actually didn't know it was possible to work fulltime and earn such a disgustingly small amount of money for hard work

[@gav7900]

That's not even minimum wage...... its not possible especially if working for a local authority.

[@DeShark88]

£12k a year? Full time (37.5 hrs/week), multiplied by £8/hr is £15.6k a year. Either she's working fewer hours than that, or she's being paid illegally, or you're telling porkies.

[@jfluffydog2110]

@@DeShark88 potentially they aren't old enough to get the full minimum wage?

[@DeShark88]

@@jfluffydog2110 that would make her between 18 and 20 years old. In which case, how on earth is she a "fully qualified" teacher, when it takes 3-4 years to qualify as a teacher?

[@888ssss]

These grifters are not landlords, they are just debtors who are about to get chopped by interest rates they cant pass on 😄

[@nandee9871]

They can always pass it on - plenty of landlords are already hiking up rents.

[@888ssss]

@@nandee9871 they reach the point where people simply do not earn the capital, even if willing. these rates are going to double digits as the rat trap closes.

[@888ssss]

@@nandee9871 you can go from £500 to maybe £700, but not from £700 to £2000. you are sunk

[@Staleyboi12]

Yup, shouldn't be up to the renter's when they took the risk of buying a house lmao.

[@callumhardy5098]

Yes, it’s a broken system, your taking a risk by buying a house but you don’t take any responsibility for that risk because you can just pass on the price hike, that is until you get massive economy problems like we have now and then the renters cant afford the rent and the whole system collapses.

[@runawaywolf2570]

"Cut your expenses and don't be too frivolous." The audacity of these people I swear.

[@stephenle-surf9893]

Was it just me imaging himself being pulled off him by five cops with taser probes in his head.

[@w_ll__4824]

@@stephenle-surf9893 no, you're not alone. But I merely wished him suffering in life. I kept it considerate.

[@redrob6026]

Later on in the video this is part of an anecdote, not defending him but it's been clipped a bit shadily.

[@SK-ei4cm]

The clip makes it look bad but to be fair it’s not bad (just unwelcome) advice , I was by no means struggling but saw how much I spent on lunches and coffee and was horrified when I saw the monthly cost. It all adds up

[@mcspikesky]

@@SK-ei4cm this. Not the most fair and unbiased reporting clipping peoples full thought process

[@zedooncadhz]

"people don't save these days because it's not fashionable" is probably the most out of touch thing I've ever heard anyone say

[@kieranharwood7186]

To be a landlord you need to have had a bunch of money that you could have kept as savings and decided to spend it. You then got a debt that you need to pay and, if you're a professional landlord, you find someone else to pay that debt for you. It's as far from saving as it's possible to be.

[@brianferguson7840]

Landlords have to pass on their financial obligations to their tenants ??🤔 OK then, next time I'm in Tesco's I will explain that I am only paying half of the bill, if they.have an issue with that, they should have come to me earlier with their food prices and we could have "Worked Something Out "

[@sharenwhitlock7737]

The buck always stops at the bottom - the renters are always the ones to pay. Small landlords will have to sell, only for it to be bought up by the wealthy, more transference of wealth essentially.

[@888ssss]

only if they have cash as we are about to enter a creditless world.

[@7dtdfil730]

@@freko106 or - if you have more property your council tax goes up a percentage for every property you own. The more costly it is to own more than one property the less people will own more than one property and house prices will most definitely fall.

[@kevinu.k.7042]

No, small landlords only have to sell if they took out maximum mortgages and the bigger players are not reliant on buying ex-small landlord properties. They can buy any suitable property. These interviewees are full of bullshit. Rents have been pinned up to their maximum market value because that is what they *can* charge. They make out it is barely profitable. This is bullshit. Very good money is being made still. I know. I am a small landlord charging considerably less than the market rents in London and am still comfortable. Never ask a Tiger about the welfare of it's prey.

[@888ssss]

@@kevinu.k.7042 in a creditless world that will be difficult. there wont be any credit in the coming years.

[@kevinu.k.7042]

@@888ssss Hi Benton. I'm not sure what the 'that' stands for in your post. And, we are not in a credit-less world are we? I think what I have posted is factually accurate. Rents do not need to be maxed out. The returns are good at lower rents.

[@martinallen9067]

Landlords want the government to step in to assist to once again prop up a failing business model. Shocked, I tell you!!

[@simplesimonhadapie]

Yep notice how not a single one of them talked about decreased profits being for the rise it was the rise of mortgages interest rates. Its how they frame it in their minds

[@coltuppal]

Less landlords means higher rents. The cause of the cost of living crises are not landlords but the govt. They screw up we have to pay

[@marksykes5434]

Let’s have a bit more capitalism here , if you can’t sustain your business then you will go bust , survival of the fittest & all that , let them dissolve !

[@funoff3207]

@@coltuppal No less landlords mean more houses on the market for first time buyers. There should be much higher barrier for entry for these people buying up multiple properties and crying when their cash machine starts to dry up.

[@martinallen9067]

@@coltuppal Where do you get that logic from? Yes the government has been fucking up for the past 40 years by not building ANY council housing. Do you think this is by accident? Or do you think repeated ministers have been making policies to suit their own interests; being landlords themselves, have interests in private property development, or simply being easily bribed by lobby-groups who represent landlords and private developers. THIS caused the housing shortage and the resulting hyper-inflated rent costs If the government is serious about the cost of living crisis (which they're not) they'd compulsory purchase every single private rental which houses tenants who rely on housing benefits - which is a lot - and bring them into public ownership. Rents will go back into the treasury or local authorities instead of paying for leeches

[@jamiealbanmorrish5235]

I am going to be less frivolous from now on. Thanks for the advice.

[@funoff3207]

A decade of cutting to the bone what is left to give up? It really is a feudal society

[@Jrjg88]

Landlords: Have the tenants just tried not being poor?

[@johnnypatterson7512]

Banks should bring back the rule where you cannot rent out a property you have a mortgage on.

[@johnbehan1526]

Banks won't. Governments could.

[@funoff3207]

Technically you can only rent on a buy to let mortgage which is a different rate. You need permission otherwise

[@1292liam]

not going to help the lack of rental stock is it

[@johnnypatterson7512]

@@1292liam The goverment should provide more housing. The UK needs less landlords.

[@johnnypatterson7512]

@@funoff3207 Most do what they want anyway.

[@GreyFoxNinjaFan]

30 years ago, average annual salary was 45% the price of the average home. Now, average annual salary is only 8% the price of the average home. The government made it just too tax-efficient to buy up property to avoid tax and grow a nest-egg. There's no way to address that without bringing the overall price of houses down, which the government will struggle to do. They've amassed a problem that they cannot resolve.

[@adee4507]

There was an interview on GMB between Mick Lynch and a cafe owner. The owner said the train strikes are stopping people from going out, eating at his cafe. Mick said, with the cost of living increasing, if people were paid a fairer wage, they could AFFORD to eat out. I really feel for the people who rent and feel even more for them to watch this video!! Ie don’t go to Costa when people can’t afford it anyway!! (Which I appreciate was said partially in this video).

[@NeonVisual]

In order to meet the current average UK rent, a person would need to give up 770 coffees per month, or more than one per hour, 24 hours a day, 365 days a year. In order to buy the average UK home, a person would need to give up 41,770 Netflix subscriptions, or 3481 years worth of monthly subscriptions.

[@Paul-Weston]

I don't know what's wrong with the British mentality. If the poor see someone successful, they want to drag that person down to their own level, rather than pull themselves up to the successful persons level.

[@NeonVisual]

@@Paul-Weston - Dribbled the boomer

[@James-mb3je]

@@NeonVisual 🤣🤣

[@johnnypatterson7512]

@@Paul-Weston Wrong. Honest success is fine but most success these days are not honestly earned.

[@britishrose9417]

He genuinely said "Get more money". Thanks for that advice

[@PokerPlayerJames]

Yeah, that's why I have barely any savings Mr Landlord, because it's not in vogue! What a weirdo.

[@roni7172]

Lol, he can't fathom that people don't have enough money at the end of the month left over, to save.

[@PokerPlayerJames]

@@roni7172 More than that he thinks we're not saving because we're trying to be hip and cool. "It's not fashionable to save". What does that even mean!?

[@GeoffreyHellington]

The guy who accidently called being a landlord an 'industry' is literally drowning in cognitive dissonance.

[@SK-ei4cm]

Nothing wrong with that

[@williamtudor]

When I listen to people from privileged backgrounds talk about life I often feel like I am listening to a child speak. They have absolutely zero idea how the real world works; safe in their cossetted little bubbles their entire sheltered little lives. That would be fine, in itself, but it is particularly galling to hear them offer advice to those who actually live in reality.

[@TheJack120]

"The landlords have their own struggles because they're paying more in mortgage interest and so on" No actually your tenant is paying your mortgage for you, you leech

[@coltuppal]

Without them you will not have anywhere to rent you Muppet. We need more landlords so rents come down

[@funoff3207]

If you're borrowing to buy additional property you don't deserve a thing, you've inflated the prices a taken a potential first time buyers home away from the market. No sympathy for these leeches

[@piccalillipit9211]

LANDLORDS HAVE MORTGAGES TO PAY maybe they should have saved for a rainy day then... Sounds like bad financial planning to me...!!! Maybe a few less holidays, a few less costa coffees they would have the savings to cover a crisis. why should tenants have to worry about the landlords problems?

[@888ssss]

investment comes with great risk.......

[@allip4226]

@@888ssss Except it doesn't, because as soon as that risk looks like it might cost them money they start whining that the government should bail them out of their poor investment.

[@danh9922]

Let’s talk about the real issue about low wage pay that hasn’t kept up with inflation or corporate profits

[@wrzlgummidge7663]

Spot on! And why the gov isn't building enough social housing, and continues to sell existing housing stock. Not all landlords are bad, but easier to heap blame on them instead of tackling the larger issue

[@bricknut11]

I feel so sorry for anyone renting atm, private landlords on buy to let deals ARE the problem. If you cant cover the rent on your own property then you should not be a landlord!

[@888ssss]

the grifters are loaded on debt in the face of massive interest rate rises. they wont last the next 1-3 years. its going to be great.

[@benghiskahn3673]

@@888ssss Don't be daft. The Government will intervene to prop them up.... let's face it, a sizable chunk of the Government and ruling party are Landlords themselves. As soon as they start to feel the pinch, a support package will suddenly appear.

[@888ssss]

@@benghiskahn3673 they cant as the currency is getting hammered. they did it for 20 years. its over. the final nail in the 20 year insanity is that they cannot replace the time gone and the families that didnt happen. they are destined to collapse now.

[@MissAngie25]

@@888ssss they’ll sell up or rent on Airbnb, they’ll be fine… it’s the tenants who’ll suffer the most unfortunately.

[@888ssss]

@@MissAngie25 sell to who exactly ? its like people who think if it gets bad they will sell their porsche, but who will be buying in those circumastances ?

[@Hill_Walker]

They blame tennants for poor financial education, then go on to say they have spiralling mortgage costs. Sounds to me like they got greedy during the decade of crazy low interest rates and made poor financial choices, buying more and more houses inflating the housing market. Locking first time buyers out of the market.

[@benghiskahn3673]

Absolutely

[@nr1785]

What goes around comes around. You reap what you sow. Hope many greedy investors lose their houses.

[@shanewaters2489]

Buys up all the properties. Gouges rent every chance they get. Gee this mortgage is getting ridiculous! *mortgage is actually rather fucking cheap still. Goes up 10 dollars the same year they jack rent up 200.

[@TheHonestPeanut]

"Have you tried cutting expenses... Like eating food? It's bad financial education. Just make more money!" Remember when everyone knew landlords were evil at their core?

[@joshuapearce2721]

I love how the guy in the middle made an argument for social/council housing

[@jorrittimmers8066]

Landlords leaving the market leads to lower property prices and thus rents. These landlords make arguments to help only them.

[@someblokecalledtom]

The short term effects of landlords leaving the market will drive up rent prices, especially without a healthy social housing stock. But yes, long term it would lead to a decline in house prices and thus renters leaving the market and becoming homeowners too. Short term pain for long term gain.

[@muffinnman]

The cost of living crisis is primarily due to the fact that real wages haven't risen for decades. This combined with low interest rates has made it not worthwhile to save in a bank but to get mortgaged to the hilt if you are able to do save a deposit. This is partly why there are so many landlords. Higher interest rates would encourage landlords to sell and higher wages would enable ordinary people to get on the housing ladder.

[@mcspikesky]

What happened to Glass-Steagall.. that's the cause of the stagnation imo

[@bearwynn]

Unfortunately that's what is happening. Landlords are starting to sell their high interest rate mortgage properties. But is it your neighbors, your nan, or your best friend they're selling to? Nope, it's investment companies, property improvement portfolios etc that already have all the money available to buy outright. House prices may stagnate in the short term, but medium to long term they will go up and houses will be even more out of reach for the regular people.

[@muffinnman]

The housing market is a lot more complicated than my comment. There are issues with supply, affordability, location, regulation, transport, quality etc. In my city of Glasgow, I've noticed that corporate investors are building purpose built accomodation and the individual rental properties that were sold around me have gone to owner-occupiers. Corporate landlords get tax breaks from the government then remove what profits they do make from the local economy.

[@wayneford2481]

This is the people who have money and property.

[@888ssss]

nope. its just people in debt hoping they can last the next 20 years off the back of someone else. haha. this is going to be fantastic.😆

[@alexwood1390]

Landlordism is a really lucrative investment: you get to pretend you work hard and take on lots of risk, but really whenever the cost of your investment increases you pass that straight on to the tenant. No risk at all. Rule 1 of investment is there's no guarantee your investment will go up. So if your interest rates go up and you lose your profit margin, you should be absorbing that, because its your investment

[@SK-ei4cm]

So if I run a restaurant and costs go up I can’t raise my prices to cover my losses ? Or is the fact I am selling food for profit also an abomination 😂

[@mercedessaid8147]

​@@SK-ei4cm Not sure of this analogy...by all means put up your prices. You might expect to lose custom, profits and face the risk of going bust as a result. Look at pubs, fish and chip shops, the general state of our high streets etc. Businesses go bust, but landlords don't because, for now, they keep hiking rents as homes are a necessity, and scarce - restaurants are not. It is an unsustainable expectation that a property investment will keep giving profitable returns to landlords in a poor economic climate. So if people don't pay, and landlords face financial difficulty as a result, that it a consequence of being a speculator on the housing market. Nothing is guaranteed (other than the misery it causes to renters getting ever more squeezed).

[@mercedessaid8147]

@@grolfe3210 Yes, I find studying arbitrary figures always proves an argument.

[@grolfe3210]

@@mercedessaid8147 Not arbitrary figures. Actual rent to value of house. Actual interest rise from real rise over this year. Of course landlords may have borrowed more or owe less of the house value but reasonable to look at 80% ltv as an example based on actual borrowing limits.

[@mercedessaid8147]

@@grolfe3210 Sure. Too many problems to list but you've admitted at least one of the them e.g your arbitrary borrowing figure. Your specific example is hardly a statistical snapshot of the wider situation in the country.

[@TomWaymouth]

"talk to the landlord and see if there's something they can do to help" this is utter nonsense. I was on the jobhunt and getting to the stage where I had to hand my notice of leaving the property as I couldn't continue living there. They allowed me to revoke it if I was able to find a job within my final month. Luckily I found a position and their first reply after I said "I'm able to stay" was to increase my rent. I was punished for no longer being financially unstable and seeking help from my landlord.

[@tomblackwell6374]

Regarding universal credit direct rent payments.. Landlords made their own bed, prior to the current system a bullet point below a rental advert saying 'no DSS' was just as common as no pets.. The blanket ban caused so much trouble that paying rent to the claimant in effect hides their current circumstances as a benefit claimant opening up the rental market to many more people.

[@funoff3207]

The best part is neither of those, no pet or DSS is supported by the law or enforacble by the agreement

[@itkapatanka]

It's amazing how privilege, money and greed can make you so sociopathic.

[@nr1785]

It’s almost a given.

[@wattbenj]

Once someone treats you poorly or as less than, over money, it wounds you for life. It’s a very hard thing to unsee. Sociopathic is the correct word for these people.

[@Peter2k84]

Damn, I never realized I just have to stop being poor to solve my money problems.

[@AdvocateOfJamaica]

😂😂

[@sjc93]

As someone living in Germany: Big commercial landlords are NOT the answer. Ask anyone in Germany renting from "Vonovia" or "Deutsche Wohnen" how they feel about their landlords - many are very unhappy even though the rental market is generally still better here than in the UK. Berlin is so fed up with them that they're trying to expropriate the companies (which also isn't the answer for various reasons, but shows how much they're hated there).

[@octavianpopescu4776]

I'm from Eastern Europe and we don't even have corporate landlords renting out homes. It's usually one person with an extra apartment, but that's it. My landlord has never increased my rent in... probably 8-9 years, maybe even 10... Even with the 15% inflation we have, she hasn't increased it. I'm certain a big commercial landlord would have been much more inflexible.

[@haritc8462]

Yeah, suggesting that larger corporate landlords won't be "money-pinching" is laughable to say the least.

[@badarttangent7786]

Here’s a thought. If greedy landlords didn’t buy up housing stock the market wouldn’t be so bad, and people wouldn’t have ridiculous rent bills. Hope they all have to sell off their second homes . Essentials to society such as heating, shelter, water should not be available for the greedy to make money from

[@coolsunday6339]

Here's another thought if landlords (whether greedy or not) didn't buy housing stock, tenants would have nowhere to live. But you're right heating, and water should be nationalised. Or are you proposing a communist state?

[@sheepsky]

@@coolsunday6339 Landlords don't create housing xD Builders do for fuck sake

[@badarttangent7786]

@@coolsunday6339 ah but then the housing market would be cheaper as those houses would fall into disrepair if left empty. A seller is going to take whatever they can in an oversaturated market. Buy to let and selling off council homes caused so many issues. I think everyone should be made to give up second homes etc. buy them back up for social use. There are people out there with zero homes, yet there are those with many. As usual those that take more than they need for personal gain causes issues for everyone else.. they must be learning from the mps. Also no. I’m not a communist. I’m just sick of seeing the rich continually get richer, while the working class pays the price.

[@thefunkychief]

jfc 🤦‍♂

[@Justin-jh4ym]

@@badarttangent7786 There's a under supply of housing, the government should be building more housing.

[@daysofgreenday65]

When a landlord says "Hey, I've got a mortgage to pay", what they mean is "Hey, I've got a mortgage my tenants need to pay for me". Being a landlord is not a job, it's an investment opportunity.

[@matthewnateart1668]

Moreso it's an investment opportunity in a non-productive asset. It's shockingly similar to a Crypto pyramid scheme.

[@TheJamesbeagle]

I don't think anyone needs more than 2 properties and those that do should be paying a £10K a year fee. Stop the assets from being bought up by the Rich. Houses are for people to live in! Not for people to get rich from.

[@soup8786]

They are on the path to being eaten

[@benghiskahn3673]

That seems to be the trajectory. Give it another generation or two and all of the housing stock will be owned by the rich, their kids and their kids. Our Landlord owns over 50 properties in our council district alone. 50! Does the absolute minimum in terms of maintenance and repairs.... rent has increase twice this year..... yet millions of working people, despite being financially responsible, cannot hope to get on the ladder because the market moves faster than we can save. Its a pyramid scheme.

[@JamesSmith-ij8nj]

So rent goes up by 11K, have to cover the administrative expense of paying the fee. Like calling to raise taxes on business, so they can up their prices to cover. Peons end up paying..

[@TheJamesbeagle]

@@JamesSmith-ij8nj well the point is to make being a landlord not that lucrative and bring 10000s of properties onto the market. We shouldn't have people getting rich by someone else paying pff their assets.

[@DarrenAntonio]

"talk to the landlord" my previous landlord kicked myself and my family out and gave us only 24hours because they wanted to rent out for a higher price. that was illegal with no notice and he didnt care he just wanted more money.

[@InfernalPasquale]

These people make me feel sick with anger, even more so than the incompetent MPs

[@birdy-numnum6321]

"Drink less Costa Coffee? " "It's not fashionable to save money?" "We need Landlords to provide housing"? 😓 Jeezo!!!!

[@simplesimonhadapie]

I dont want landlords to give public rents i want social housing built for the nation. The sympathy i have is for those with the 1 house they worked for and now want to rent as explained here they are leaving the rest have enough properties to take the hit on the profit if they actually want to help people

[@giraffaraptor]

I was so happy to see this, I have 1 house I rent out with two amazing tenants who've lived there for years. When my grandfather was dying he didn't want to house to leave the family so me and my parents pooled our resources and paid off the remaining mortgage between us. When my mum died of cancer a few years ago the last piece passed to me and I rent it out since I can't live there right now. People act disgusted when I mention it or if they find out which makes me so sad. I'm proud we were able to fulfill my grandad's dying wish. Hopefully I'll be able to live there myself one day.

[@funoff3207]

@@giraffaraptor This is the problem. They second you fancy living there these 'amazing tenants' are done with, no sense of permanence for them. They're just keeping it warm for when you decide to take it from them.

[@soup8786]

@@giraffaraptor whatever you tell yourself to make yourself feel better.

[@someblokecalledtom]

There is something extremely dystopian about the government giving money which is generated through taxation on those already working and quantitative easing (in essence created) to ensure the assets of the already wealthy class are insured.

[@giraffaraptor]

@@funoff3207 I won't be evicting them if that's what you mean. I would wait until they decide to move themselves then move in when it's vacant. I've also never put the rent up and won't be doing in the future.

[@eliakimjosephsophia4542]

People haven't been able to afford to save money, salaries in real terms haven't gone up since the 80s. I've never been into Costa, last time I had a holiday was in 2008. I buy clothes from charity shops.

[@phax71]

Yes, the “landlords are going through a bigger pinch”….. the entitlement and delusion of this spivs is mind-blowing.

[@888ssss]

bring on the rate hikes to 8% and get popcorn.

[@alanredpath8998]

4:42 this right here is the problem, the tenants are fully responsible for paying for the landlords mortgage. I'd love a free house but I am not a landlord. If you cant afford the mortgage without a rental income YOU SHOULD NOT BE A LANDLORD.

[@colzboppo]

The lending criteria for a buy to let mortgage is based 100% on the rental income the property will generate, I was shocked when i find that out.

[@alanredpath8998]

@@colzboppo its absolutely disgusting

[@IR._]

So buy less Costa coffee, go on fewer holidays and eat out less. I don’t do any of those things apart from a very rare meal out. Thanks for the advice.

[@spennysmummy]

I have bought one Costa in the past year - it was a hot chocolate to treat my son. I have been on one holiday in the past 3 years - it was a week in the UK. I have been out for dinner once in the past 2 years - it was a local brewers fayre so hardly extravagant. Eat the rich (and the landlords).

[@walidb123]

The job of a landlord is to piss down on everyone else

[@balance3201]

Well don't rent then

[@Maverick_693]

@@balance3201 this is giving "if you're homeless, just buy a house" energy

[@balance3201]

@@Maverick_693 not really mate but the fact is if it weren't for landlords most people in the UK would be homeless or living in diabolical bedsits in hotels. The government has done little to build social housing and now private landlords are doing their job.

[@Maverick_693]

@@balance3201 if we didn't have career landlords, the supply would be higher therefore decreasing the price of houses. I agree that the government isn't doing enough in terms of building new properties, but career landlords are only making a bad situation worse.

[@balance3201]

@@Maverick_693 supply of what? Property which most people couldn't afford anyway. Stop blaming people and btw career landlords are working and taking big risks so don't knock them. I know a few who have gone bankrupt.

[@Stormx2233]

I have a feeling most if not all of those were Tories.. and couldn't give a shit about anyone but themselves. I'm a landlord and I'm not putting up the rent on the 3 properties I own, because I know with the cost of living crisis we are all dealing with the last thing anyone needs is another thing going up to take away the very limited amount of money people have right now.

[@nandee9871]

In many cases if you tell your landlord you can't afford the rent - your out and they get someone in who can afford it. At the end of the day - it's the landlord's finances that come first - not the tenants. I'm a pensioner in rented accommodation and I'm waiting to see if my landlord puts the rent up and by how much.

[@tomjaww]

“Don’t live your life, give us all your money. Work harder so we don’t have to”

[@GreyFoxNinjaFan]

Instead of paying universal credit straight to the landlord, why not just build social and council housing with the money instead?

[@liamdoyle3386]

At 06:00, the reason that was stopped was because landlords were putting rent up and not telling tenants on universal credit and it was much harder to negotiate rent increases.

[@MrBizteck]

Ima landlord of a large property in London. The rent us 2k/ month has been fora while now. Same tennents Last week my rental agency recommended I raise the rent by 20% !!!!! To 2400/m to 'keep with other properties in the area' Mate they are only 2400 because YOU SAY IT IS !!! I told them no after a bit to back and forth we settled on 2100/m my tennents then asked for a 2 year contract. I agreed again my agent was against it and wanted to put in a 12 month rent review. I said no Id rather have good tennants and I hope this gives them space to get their own place. The agents are the real villans here pushing prices up like crazy!

[@poguemahone5476]

Garyseconomics channel has an explanation of housing costs looking at the bigger picture. It's not directly landlords being greedy but a product of rising housing costs caused by inequality. When regular people can't afford deposits and mortgage, only the rich can afford to buy and they do so as an investment. The government doesn't build more which reduces stock, pushing prices higher. The Tories are disproportionally landlords so they get richer pushing prices higher and have no motivation to reverse the trend.

[@soup8786]

Its also landlords being greedy. We need the only landlords to be social. They can offer the same service but better

[@johnbehan1526]

Yeah, the landlords who are discussing UC here make their money exactly how Gary would describe what's wrong with our economy. It's a transfer of money from the taxpayer, to the treasury, to those who have already got money and assets, and what do they do with it? They borrow against the assets they accrue and they buy more assets, or to put it in Gary's terms, the govt gives them money and "they buy your mum's house".

[@redrob6026]

I think part of the problem also is the supply of houses isn't meeting demand. Its keeping house prices high, basically all a bubble waiting to burst.

[@SK-ei4cm]

A very good point. Blaming the private sector for the lack of government housing is stupid

[@Nigel_The_Crab]

I struggle to be sympathetic for landlords that have played the system during the good times, acquiring multiple properties on buy to let mortgages banking on the good times lasting forever. These landlords are actually part of the problem, ownership of multiple properties drives up housing prices, keeping people on lower incomes off the housing ladder creating an artificial demand for rental property. The system needs reforming.

[@tonylawson9633]

I feel sorry for landlords, they can only afford 2 holidays a year with increases in rent defaults...

[@Dan-id8wv]

I have solar on my roof and any energy it produces goes into the grid. Bills are paid normally, and at the end of the year a rebate is issued for the energy they produced. I think the guy was being a bit deceptive when he said the energy was cheaper than the grid.

[@toi_techno]

The protection that landlords receive from governments is a disgrace. That these parasites get other people to buy them properties with almost no risk will go down in history as a pathetic period in social development.

[@tiorimas]

Easy answer: the people approving your laws are landlords themselves.

[@HappyLarry.]

How are you struggling to pay your mortgage while owning another property? How? Also i like that step-daughter, telling off her dad who's clearly in a place of privilege and wealth and saying people should just not spend money on 'Costa coffees' and suddenly they'd be able to pay rent, like they don't think about their rent as being more important

[@A1OFFENDER]

This video made me feel sick, they just don't know what it's like to be poor. All hope is lost.

[@RM-ti8nf]

I feel the same, hearing one more "buy less coffees" "don't know how to manage their finances" stupid comment and I won't be able to watch it all.

[@Subtle._.Sounds]

Monetise your passion is always the answer with these type of people. Maybe I don't want to make my hobby feel like work, sucking all the fun out of it. I have enough of that at my 8 hour job. We are constantly being pushed to work longer and give ourselves less downtime. Why isn't one job enough to support yourself these days?

[@zoranblackie5921]

As an amateur landlord, I treat my tenants like my employers - I shouldn't get paid unless I provide appropriate accommodation/ service. Its in my interest to have a good relationship with my 'customers' to deal with problems/ issues early, and to be flexible when they are in difficulty

[@Litheon11]

You are one of the few

[@xphilli]

I get that you mean well, but this is also like saying you feed your fish twice a day.

[@zoranblackie5921]

@@xphilli Not sure I understand what you mean - I get there's a power imbalance in the relationship, but I just try and make it more of a partnership and there's human beings on both sides of the relationship

[@soup8786]

You arent providing anything. They are paying your debts off and buying you an asset.

[@zoranblackie5921]

@@soup8786 I couldn't sell the property when I moved house for work, so its not paying off debt. I paid off the mortgage over 15 years. I pay maintenance charges for the estate, and also maintain the property, fulfil all the inspections and ensure its in good condition for tenants, who pay affordable rent below market value. My tenants are working at our local hospital and are key workers, but don't want to purchase property. I'm not sure what else you expect?

[@philipdurling1964]

Landlords are considering a Section 24 day. Let's see how the government copes with 8 million homeless people.

[@GladysAlicea]

I think protests everywhere, with people sitting in the streets, dressed in rags, carrying the rightly-worded signs might be a great practice run to show these arrogant hypocrites the way.

[@eightiesmusic1984]

Wage stagnation since 2008 is the issue. The average family in France and Germany is £8000 better off per year than in Britain, the poor man of Europe. It has the lowest growth of any European country with an economy that does not work for millions. Put the rent down. Sunak will make us poorer yet Red Wall voters reported to be willing to give him a chance. They never learn. Ever.

[@kebbs56]

Tip for UK renters. You can legally say no to requests from landlords to increase rent price. They can follow this up with a formal letter later however informing you, but that takes a while to prepare through their solicitors. Verbal agreement, written agreement or paying the raised price all means it is too late to say no to the rent increase however.

[@kebbs56]

We have refused two rent increases in the 2 years we have been here but keep having how tenancy renewed because the amount he'd make extra from new tenants wouldn't cover loss of having empty property nor the hassle. And we are friendly, polite and take care of the house. But... down with private landlord and up with public owned council housing please.

[@notwhatitwasbefore]

After watching this I think the 'asset class' should have their assets redistributed to the workers so they can apply the bright ideas they put forward to show everyone well that works when done by the experts.

[@SK-ei4cm]

Politics of envy.

[@notwhatitwasbefore]

@@SK-ei4cm lol, exact opposite

[@SK-ei4cm]

@@notwhatitwasbefore nope , you want people who have worked harder and smarter than you to be stripped of the fruits of their labour just so can have something you haven’t earned. Pure envy.

[@JamesSmith-ij8nj]

You want the assets I amassed by hard work, sure. I have a price in mind, get your checkbook out.

[@notwhatitwasbefore]

@@JamesSmith-ij8nj If you "amssed by hard work" then you are not the asset class, however you are obviously overpaid as you make primary school reading and comprehension mistakes. I don't want the 'assets' you have, I do not need them, I would only have to get rid of them as they serve me no purpose and I find hording assets beyond need to be morally reprehensible. There are others who's survival is at stake because of individual and insititutional greed/accumulation, so if you are saying that you have spare assests then you really should be ashamed of your self. Doubley so for gloating about it

[@el_Pumpking]

I think the idea that your landlord could swoop in and get your UC payment payed directly is a horrifying notion. What if you need that money to feed your kids? Well forget about it, the government must subsidize your landlord... Wtf?

[@PORRRIDGE_GUN]

In 1987 I worked for Housing benefit department of my local authority. Fraud was endemic and senior council staff were involved. At the time I lived opposite a petrol station. One day a file crossed my desk showing the address of that petrol station. Apparently 8 people were living there and claiming over £1400 a month in housing benefits. A month after I left that job for better things, 17 staff were arrested for fraud and 8 were eventually jailed. The same day several local landlords, who had received millions in DPL benefits (Direct Payment to Landlord) were also arrested. Me leaving and the Police raid may or may not have been connected or they may have been a coincidence 🤔 If UC is paid to landlords, this will happen again, bit on a larger scale and no one will stop it.

[@johnbehan1526]

@@PORRRIDGE_GUN to bloody right: the only real benefit cheats. These landlords complaining that govt should be paying them a living, at whatever ridiculously inflated rate, directly out of the public purse, and moaning that their tenants might actually use their benefits to, what, feed themselves instead? Do they seem like they have a trustworthy moral compass, or do they seem like they might be the type to commit fraud at the taxpayer's expense? No. Get landlords' insurance and stop stealing homes from society's most vulnerable, you lamentable parasites.

[@SK-ei4cm]

Why is this horrifying , if it’s paid direct then you never have to worry about paying your rent.

[@johnbehan1526]

@@SK-ei4cm For one, because the person living in the house should have their livelihood secured before the person speculating in property investment. A few days' liquidity makes a big difference to some people. Withholding your rent a couple of days might mean you can pay your electricity and keep the lights on. You've plainly never experienced having to chase a manager for wages or a client for pay on a job you've done, whilst paying for childcare and juggling bills on a "just-getting-by" income and in-work benefits. This is how many young families live in this hellhole.

[@johnbehan1526]

@@SK-ei4cm for two, these landlords pretend that rent is negotiable, if you come to see them in advance. If they already have your money, what negotiating power do you have? These prats also complain that their tenants don't come to them until they're in arrears, but largely people don't default on their rent until they're desperate. Unforeseen costs are what ruin people.

[@raziel4435]

Ah yes, in 2022 we should all just go home and sit in the dark and eat gruel so we can pay our extortionate energy bills.

[@piccalillipit9211]

*IF THE LANDLORD IS MORTGAGED TO THE HILT* that's the landlord's bad financial decision.

[@888ssss]

raise them rates boys, raise em high......

[@piccalillipit9211]

@@888ssss - If the mortgage rate is basically ZERO - which way will it go? Up or down? If its 5% there is a 50/50 chance it can go up or down. At 0% its guaranteed to go UP. So if you can only just afford the property on its current rental income - well you are just a very very bad business person.

[@888ssss]

@@piccalillipit9211 these greedy fools were led into a massive credit ponzi scheme right at the end. the trick is to raise rates slowly, and milk them while still keeping their hopes up of a recovery back to quick riches 😆.

[@piccalillipit9211]

@@888ssss " these greedy fools were led into a massive credit ponzi scheme right at the end." I would find it hard to disagree with that. An ex GF of mine's mother was a landlord - she only ever assumed 8 months of rent per house per year. That sounds like a sensible way of doing things...

[@888ssss]

@@piccalillipit9211 this is on a whole different scale to that though. some have bought at 300k at the lowest rate in the face of a global currency collapse. they are going to get totally mullered.

[@martinallen9067]

3:56????? - LANDLORDS DO NOT PROVIDE HOUSING!!! FFS!!

[@funoff3207]

They literally shrink the housing market!

[@andrewcalladine2507]

Buying less Costa Coffee and less holidays, what's the bet that most people who struggle don't buy any of that! These people are deluded!

[@spencerkay6131]

I remember renting a bedsit in a HMO in Manchester ( letting agency ran) . The mattress that the landlord left had mould and stains on it yet it took three weeks, three emails and two calls to get a new mattress. Are they really going to negotiate with tenants?

[@SarcasticDespot]

Did I just see landlords complaining they don't get first dibs on the cheque of someone on universal credit? Unbelievable that this can happen in Britain, imagine one of the peasants buying food before the ever increasing rents. Country is going downhill I tell ya

[@pest_4109]

I'd play violin to all these sad landlord stories if I hadn't sold it to pay the rent.

[@globalist1990]

Landlords had no increase of outgoings. Inflation is about 6%? They decide to increase rents by 30% in 2 years.

[@_schonwald]

Advice from scumlords 😍

[@bobsmithy9024]

0:01 How about don't drink at all? You may die from thirst but you save money. 😄

[@stop-the-greed]

I work and have not been on holiday since 2012 . I can't afford instant coffe . These guys have no clue

[@Harlock2day]

As a Landlord I not only not raised rent in ten years but in some cases reduced it. Now my mortgage has doubled right when maintance has got very expensive too. I do not see how I will not raise rent in the future but now I do not want to become uncompetitive either. Sell is the other option of course.

[@goych]

Competitive with who? Rival greedy landlords? The trouble with buy to let’s is you’re still paying off your damn mortgage, and now that rates are up not only are you in trouble but also your tenants! So actually I’m not sure how being a landlord with mortgage helps anyone, but I suppose once you sell you will have a pretty penny. Your tenant will be homeless though. What a mess

[@AD-kv9kj]

It's beyond ignorant and insulting to tell people who work 2 or 3 jobs already, still not enough to cover basic rent, council tax, bills and food costs to "Just do something you're passionate about! Yay! Just believe and you too can be a millionaire!" What absolute utter horshyte. Or telling them to stop buying loads of "Costa coffees" and going for meals out and on holidays... Nobody is doing this, everyone struggling would love to go on a holiday or have a nice meal out, but they don't because they can't because they're skint and this government have destroyed our economy and are making massive profits while making us pay for the damage! People who are already comfortably well off and don't have these problems have zero place lecturing ordinary folk about the massive problem now with just affording to live. They know nothing and all they spout is nonsense that only has any merit when you're already comfortably well off enough to venture into passions, opening businesses (which you need a ton of money for!) and so on. This government is rinsing our economy and making out like bandits while bare-faced lying to us with every arrogant, nasty sentence they spew.

[@_Richard_F___]

We must take a moment to think of the HARDSHIP the rich are suffering. Now they can only have 3 holidays a year. Remember the rich are not just for Christmas, they're there for life

[@OLDBChannel]

Some of these people still have expensive gravy-stains on their shirts and Starbucks coffee cups going lukewarm in the BMW cupholders... The patronising is strong

[@TuntunGamer]

Even better would be to sell all private landlord properties! Landlords have caused a spike in the housing market over the last 15 years. If there were more houses on the market for sale, house prices would be cheaper and more lenders could afford to mortgage people. Make interest rates lower for first-time home owners as well as the scrap on stamp duty. Make it an unaffordable option to own a second mortgaged property. Even people who inherit a property should not be allowed to rent it out. Sell it, get the equity, save the money or spend it. House prices are massively inflated because of landlords, this is coming from somebody who's partner has 2 rental properties and we clash on the subject all the time.

[@ryanconnor9240]

Dear landlords. Being one isn't a job. Get a job like the rest of us if your suffering.

[@diahimeros1665]

They can’t be serious…

[@tommynocash2419]

Social housing now !!! Conservatives and Labour have both failed to build any council houses, in Vienna 60% of people live in social housing, the rents are much cheaper and the quality of the housing stock far in a way better

[@TalentedTom91]

The guy taking about turning lights off and struggling to breathe is the literal physical embodiment of a cat cat right there! All he’s missing is his cigar and waistcoat…

[@volgantifriebus9549]

Basically FU and good luck plebs