Asking landlords how to fix the housing crisis

Asking landlords how to fix the housing crisis
We went to the National Landlord investment show to ask about the rent crisis, rent controls, landlordism, and more.
Reporter: Ed Campbell
Camera: Harry Ainsworth
Producer: Shikhar Talwar
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[@hersdera]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[@bernadofelix]

Personally, I can connect to that. When I began working with "'Margaret Johnson Arndt," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

[@SandraDave.]

Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

[@bernadofelix]

renowned for her proficiency and expertise in the financial market, ''Margaret Johnson Arndt’’ my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.

[@leeraewi]

The UK has a very outdated system of "property tax" (it's called Council Tax) and actually the tenant pays it, not the landlord.

[@jimmyandrews3963]

“Landlords provide housing”. No, landlords provide housing as much as scalpers provide concert tickets.

[@ade5691]

so fucking true

[@lindenbutters9396]

Who else do you expect to provide for you and why? Some of us have worked our socks off and provided for ourselves no one helps me thank you very much.

[@dianacasey6002]

@@lindenbutters9396Right so according to you everyone should be able to get their own property. Then there would be no need for landlords. Right that makes no sense. Because our economy relies on poor ppl so the rich can make their money. Poor ppl need to work, fish ppl need them to work. Poor ppl need to rent rich ppl need them to rent. Name anything that makes money with someone working to make that money. If everyone was rich who would build roads, houses, teach, take care of the sick. Etc.

[@lindenbutters9396]

There are always excuses for failing to achieve one's goals. I have heard them all. Life has many opportunities for those who are fit, well and not afraid of work. All it takes is ambition, drive and a determination to save.

[@dianacasey6002]

@@lindenbutters9396 I was going to response but you are using an argument that implies that the harder you work the more you succeed which is complete and utter bs. You probably believe this so there is no point in any further comments. Just letting you know I don’t think anything you said is right but know there is no point in further discussion. My silence would have implied you had defeated my ideas. You haven’t just the opposite, but I can’t change your thinking and you can’t change mine.

[@tersecwalsingham5778]

'It was in the family'. 'I can't lose money'. Thanks as always. This one was another banger.

[@tribalmattersmtg5532]

British Landlords: a mix of Josh Berry-type Hoorah Henry’s and Asian/middle eastern immigrant families who’ve worked hard but are ultra-economically rightwing.

[@fiveplates]

@@tribalmattersmtg5532 your comment is what is called a "over generalisation"

[@tribalmattersmtg5532]

@@fiveplates yes. It was an over exaggeration reflecting the cross sample of people interviewed by Politics Joe. And also reflects my experience of renting.

[@LittleMAC78]

There's nothing wrong with wanting to pass something on to our children, surely? If I'd inherited a gift that took my parents all their lives to earn for me, would it not be extremely ungrateful of me to discard it?

[@tribalmattersmtg5532]

@@LittleMAC78 agreed. But if the only way for people to own homes is for family wealth or generational wealth, then there’s a lot of families that will never be in the asset ownership class and that creates a huge problem. Also as Josh Berry makes fun of, these people often think that they’ve earnt it or are gifted business people when in reality they’ve just been handed it. The glass ceiling is important to upward mobility but the glass floor presents its own problems.

[@Gary-jj4cx]

Hats off to the interviewer for not laughing right in their faces.

[@robk6635]

Oh he is, just internally

[@Brazen1234]

im going to do it here in the comments. HAHAHAHAHAHA thats what you get for shelling shit hole HMOS to poor people.. they believed in the UK dream... wait till your pension goes missing. every person in power right now is skinning the animal and quitting. nonces. 🤡🤡🤡🤡🤡

[@treyquattro]

or puking over their shoes

[@lonevoice]

It really highlights how delusional and insane we have become as a society.

[@aredub1847]

or punching them

[@dylanosullivan2525]

comparing landlords to sailors in Dunkirk is actually mental

[@Solihul886]

It's not comparing as such, just a rough sketch example. He's not suggesting landlords are in a literal battle

[@P..]

@@Solihul886how? Lol. It’s the landlords fault for buying houses they can’t afford to rent out for greedy profits.

[@Solihul886]

@@P.. how what? some part of that is partially correct but it's not because of affordability, it's the type of investment where the numbers don't add up, over leveraged and mortgage rate surges hitting at the wrong time as a result. Moderation and sensible investment/mindset is always key. There are plenty of non landlords who are greedy and just expect handouts and minimal effort in life, it's not just restricted to one particular party, blame games and no self reflection of inaction are always easy for the less self educated afterall. Standards work both ways.

[@drcommonsense1]

The man has triple digit rental properties lol. Ain't no way he is struggling in the way he's trying to make out.

[@jakk-on8ns]

Apparently his mum worked 7 days a week 12 hours a day he says @5.25. Hard to believe that😅😅

[@battmarn]

Landlord and landlady are unnecessarily gendered terms. We should use the gender-neutral term "landbastard" instead

[@Rory626]

Landleeches

[@alfsmith4936]

I use the term "Them cunts" when I talk about mine.

[@SuzanneO707]

Lol.

[@soentrueman7944]

Personally I like the term Parasite, it works for all genders!

[@shantiwolf5291]

With all the stress of the cost of living, I sometimes forget the real victims in this, the landlords.

[@allykhan8594]

Is ok, the victims are selling up to help the perpetrators.

[@SunakStarmerisacunt]

@@allykhan8594 bless them. Life is so tough being a parasite.

[@Daisy-tl2lh]

without landlords some and maybe you would have nowhere to live because the govt doesn't give a toss about ordinary plebs!

[@FUT-Franklin]

​@@Daisy-tl2lhHahah most houses in this country had been built by the council funded through the government... We had plenty of affordable housing until the devil woman gave it all away whilst putting a pause on new council houses ultimately making the market private and more costly across-the-board. If you rent in this day and age your trapped as a modern slave essentially as someone on/near to minimum wage won't be able to save for a mortgage which demonizes landlords

[@TheDandonian]

​@@Daisy-tl2lh Without landlords buying up property they don't want to live in, the house prices would be on the floor compared to where they are now and we'd be able to afford them. Social housing would be way more affordable if every citizen was only allowed 1 property.

[@Beremote]

This actually makes me sick I have been saving for more than 10 years just to get a deposit together. These guys seats on 20 houses and think they are victims of this crooked economic system.

[@TheRapierTheBetter]

dont get me started

[@user-gz6tx6yp3v]

You don't need money to buy a property. Go learn about using other people's money. Learn how to buy a property to fix up and get a friend/relative/investor to bridge the deposit in return for a return.

[@jamespaul6315]

@@user-gz6tx6yp3vwhat happens if it falls through then?

[@Tay12345]

They will be victims of Labour

[@jamespaul6315]

@@Tay12345 lol the country is far poorer now than it was under labour you twatlord

[@Ainsyuk]

"Why should landlords be exposed to that kind of risk" ...Property is an investment, investments are risks. The property market in the UK has been a cash cow so long it's just not entering landlords heads that there's any chance at all of losing money on it, and facing this reality sends them apoplectic. We saw this during the pandemic as well.

[@himoffthequakeroatbox4320]

"The value of investments can go up or down. Past performance is no guarantee of future performance." The standard disclaimer.

[@Cashback13]

The only want socialism and protectionism when it protects their selfish hoarding when they don't even need to have more than 1 or 2 extra properties to live comfortably on from rental income.

[@amuletts]

Maybe because the only thing they have at stake is *extra houses* they do not need!

[@johnners911]

It's because the "Investor Class" has gotten used to the idea that any risk to their investments should be carried by those who don't have money to invest. They've gotten away with it for so long it now seems like shrewd business choices. After all, they're doing us a favour.

[@benghiskahn3673]

Exactly this.

[@AhMrJIPresume]

Landlords: “It’s not our fault, it’s the rental market!” *The rental market: set by landlords

[@jonmould2946]

The Landlords are selling up and the price of rent is going up. Think about that?

[@chy4919]

@@jonmould2946 rats jumping the sinking boat caused from rats making holes in the hull?

[@jonmould2946]

@chy4919 no the government changed the tax regarding mortgage relief so big Landlord that make over 50,000 and have mortgages make losses+ interest rises and new green epcs that will cost 15,000+ per house to bring upto a C.

[@chy4919]

@@jonmould2946 most big landlords use limited companies and use interest only btl mortgages, interest can be written off for companies. Epc not being up to standard means the landlord never invested in keeping the property up to date. Again rats jumping of the boat they sank. i can only hope they make losses unfortunately most bought when properties were cheap.

[@jonmould2946]

@chy4919 it would cost a lot of money to transfer into a limited company and they just added 5% extra now its 25% for a limited company. No epc is about insulation which causes damp and putting in heat pumps in which is coming from the global government not the UK government. You will own nothing people. Most of the insulation is still not fireproof.

[@ValBLdn]

'The cost of living is hard for everyone, but I choose to work a little bit harder' - man who makes all his income passively 🤦‍♂️🤮

[@irishyoung1775]

So accurate omg. Most of what they were saying was self serving drivel anyway... you can't reasonably compare tenant's needs and the 'impact' of financial crises on their ability to afford basic human need like shelter to the supposed needs and wants of those utilising housing for the sole purpose of their own personal wealth accumulation. Even playing devil's advocate for a second: economic precarity and a failing of old age social care are probably THE real concerns driving many people who can afford to, to invest in the only guaranteed safe assets in this country: property. BUT... If investing in housing and participating in the exploitation of the poor and gouging the young of any chance to own their own home has really become the only viable option for the middle classes to secure their own living standards into old age then we need massive policy and economic model overhaul.... it's like no-one realises where exactly their core concerns DO align: self perseveration. For tenants its more immediate of course, for landlords its about future proofing. Now I know there are some fully fledged fat cat arsehole landlords aiming to get rich... but for a vast majority of them, I've taken to likening them to a person afraid of drowning in what used to be a gentle river that's becoming a fast flowing flood who starts to hold others down to save themselves whilst claiming that no-one cares that they may drown too. OK... I see your fear.. how about stopping the flood, so everyone can stand up again instead of 'choosing to work harder' drowning the 'medium portfolio' of tenants underneath you?

[@JAYG6390]

If he'd have said it was smarter then I'd be inclined to agree. Definitely not harder though. Guy clearly has no idea what hard work is

[@grimcity]

Brilliantly said.

[@django3422]

Exactly, he's not working harder. He just can't quite bring himself to acknowledege that he doesn't work a little bit harder, he works a little more immorally.

[@Pegaroo_]

Definition of working harder - Visit building society to get another mortgage that someone else will pay for me

[@maytons]

A huge issue with landlords is that they planned on cheap money and low interest rates lasting forever. They took short term loans with long term amortization to maximize profits. When their bets failed they didn't take an income loss because they pass their losses to tenants.

[@Matt90541]

That's not how it works, if prices raised due to the owner being bad at business a renter would choose to rent somewhere else at market rate

[@owen9461]

@@Matt90541 You are delusional if you think this kind of market will just regulate itself. People won't "just move" somewhere theoretically cheaper which in many places pretty much doesn't exist. Is a 4 person family supposed to move into a 1 bedroom house share? Not to mention they are stuck unable to get a mortgage whilst they pay more than a mortgage payment per month in rent. I am sure some landlords are actually decent, and I would rather deal with a person than a corporation, but by and large landlords just extract as much profit from hard working people as possible whilst doing everything they can to minimize their own costs at the expense of tenants. Most hire managers/agents to handle properties anyway so it's not like there is much work involved either. Risk is completely displaced on to tenants.

[@Matt90541]

@@owen9461 been renting for over 20 years and the only time I've had issues were with non corporate landlords, renting someone's house.

[@maytons]

@@Matt90541 Apparently you have completely misunderstood my statement. I said nothing about "being bad at business". I clearly stated that their error was in expecting cheap money to last forever, and they took a gamble with the way their commercial mortgage was set up. It's like buying into the stock market but you get to pass along any losses you have so you can never lose. As far as actual shoddy rentals go, even those are hard to come by these days in many markets.

[@Matt90541]

@@maytons a landlord is bad at business if they expected low interest rates forever. That's never how interest rates have worked - at least here in the USA. Also, I don't understand how a spike in rates would matter if they already had took at a mortgage with a low interest rate unless they took out a loan with adjustable rates, but those weren't common in the 2010s. I have over 20 years of experience as a renter and landlord (landlord by accident, 1 property was forced to move due to life circumstance). I've taken massive losses as a landlord and, no, I don't set the market and can't simply "pass my losses off." If I decided to never own and just rented my entire life and just put the money required for the down payment of the home in the stock market/index fund have 500k more dollars in the bank.

[@BsktImp]

LL: "I got given a load of properties from my granddad [about 18 years ago]." Same LL: "I must pass costs on. I can't lose money." OK.......

[@PORRRIDGE_GUN]

So he has no mortgage? What's he charging rent for then? I own an ex-council 1 bed leasehold flat. I inherited it. My wife owns a house and I live with her. I rent my inner London flat for £225 a month. That covers the service charge and the CT, which I pay on the tenants behalf. I only rent to work colleagues. I have tenancy agreements on a rolling basis, 1 month rent as a returnable deposit or use it for the final month. I probably make enough for a few drinks a month in profit. I will sell it on retirement ( and I am looking at a good pension) and I will offer it first to the sitting tenant. I won't be asking full market value, I just want a quick sale. I only want to be comfortable. Most rich people are often miserable and scared of paying taxes or some calamitous loss or theft. Money does not always bring you happiness.

[@jamestait30]

​@@PORRRIDGE_GUNwhy would someone lie like this?

[@TwitchingBomb]

@@PORRRIDGE_GUN This is very honourable of you, respect

[@allykhan8594]

Tell your boss you will work for less so he doesn't lose money.

[@saturday1066]

@@PORRRIDGE_GUN " I rent my inner London flat for £225 a month." bs. even if you wrote "for £225 a *_week"_* you'd be a liar. and a stupid one at that

[@LMlukemcclure]

"I can't lose money" but everyone else can.

[@assiduous_yogi]

Also, you're not "losing money", you're just not covering your BTL mortgage every month with the rent payments. You are making money. When you sell your property you will make even more money. It's so simple 🤦‍♂️ I can't believe this shit is allowed

[@andrewroberts8959]

BTL mortgages tend to be interest only and if they bought the house in the last few years he might have lost money on the value - so yeah the rent could barely be covering costs for some of his properties while the capital is still at risk of decreasing

[@LMlukemcclure]

@@andrewroberts8959 Sounds like a risky investment. You're not and should not be guaranteed a return on your investment. If you are prepared to take that kind of risk you should also be prepared to lose money on your investment.

[@fikitoification]

Mt heart goes out to all of the landlord affected by the current cost of living crisis. I think it's really great that they can think outside the box and put the rents up by 30%. I am also glad to hear that they drive up the prices of properties so much that people on low to medium income can only dream of buying one for themselves. What a heroic bunch they are.

[@honestjoe7940]

Love that comment :) But it may go over a La-nlor-ds head. Remember, t-h-ey'-re not the smartest bunch of Crooks.

[@turnbats]

You sound like a bitter tenant 😜

[@jaygoodwin6287]

Blame the government, increasing taxes and mordgage rates. Most landlords are buy to rent. Renters basically pay the mortgage. If you don't like it. Get a mordgage and pay for your own

[@cellbiologyshorts9105]

Do the renters get to keep the asset when the mortgage is paid?

[@warren6090]

​@jaygoodwin6287 any smart business person makes sure they are well capitalized for expected downturns. If you can't afford to keep it going, then sell.

[@nopaynenoparty]

The guy saying it’s getting harder to be a landlord… after saying he got gifted a few properties when he was 18/19… how would he know?!

[@liamot]

These days you can't even rely on being gifted multiple properties. It's a disgrace 😂

[@jonface93]

He was by far the worst one, and it was a bad bunch to begin with. He thinks he is the bee's tits, when he is essentially a trust fund baby

[@tamarawest6203]

Do landlords not understand the the reason people can't afford to buy homes is because they are buying them up? Stop being a landlord and get a job.

[@user-gz6tx6yp3v]

Buy to let is less than 19% of the market. It's not the reason prices are so high, because if it was all these landlords selling would have crashed the market already and it hasn't.

[@leithmartin419]

Is funny, that guy that said he was retired but didn't want to say how many properties cause of envy, if it was just one and he used the rent to cover his living expenses cause his pension didn't cover it... who would be envious of that? That would be a crap situation for both parties. But that's probably not his situation.

[@blurtam188]

How so?

[@leithmartin419]

@@Tay12345 yes. Now get a job.

[@leithmartin419]

@@Tay12345 Good point. Landlords would be great if it weren't for capitalism.

[@segue2ant395]

"Everyone needs to make a little extra income, and a great way to do that is property" great, guess we'll all just be landlords then. So glad to have the benefit of this man's "outside the box thinking" to help. Really revolutionary.

[@himoffthequakeroatbox4320]

That's the guy who upskilled himself?

[@SunakStarmerisacunt]

@@himoffthequakeroatbox4320 yup, he upskilled in how to be a simpleton. He passed his final with flying colours. I'll just go grab a couple houses and let them out. Back in an hour.

[@OrangeNash]

@@himoffthequakeroatbox4320 It's strange, but I don't remember there being any GCSE's in Landlordology. "When I grow up I want to be a landlord".

[@mattmckeon1688]

With the added irony of "i grew up on a council estate."

[@alfsmith4936]

​@@OrangeNashHe went to the university of Homes Under The Hammer.. I bet he knows all about antiques and Loose Women too.

[@easytoassemble54321]

Whilst I understand landlords aren't necessarily ogres, the inescapable point is that a private housing market has failed to deliver basic security to people, and caused us to lose sight of a basic fact: shelter is a human right, and when we start saying "b,b,b,but money" before people's right to live under a roof, we have badly lost our way. The free market has no answers as to who should be responsible, so it is therefore a failed system. Whilst I understand the "bootstraps" mentality of one of the interviewees, the fact is that one person's prosperity depends on someone else being poor. It's mathematically impossible for everyone to be rich. That is literally the definition of inflation.

[@simonstevens5334]

Ah yes, the good ol "I pulled myself up by my bootstraps" that's a knee slapper, rich people are the most dangerous type of idealists in society.

[@leithmartin419]

​@@simonstevens5334well they're certainly the loudest.

[@lukemclellan2141]

It's not a free market when it is not possible to build your own house wherever you like.

[@easytoassemble54321]

@@lukemclellan2141 There's plenty of good reasons for that. Centrally, because most people aren't qualified surveyors. Libertarianism is also a failed system, BTW. You can't just do what you want and expect things to function. A state apparatus is essential. It just depends on whether that apparatus serves the majority or a wealthy minority.

[@lukemclellan2141]

@@easytoassemble54321 Thanks for making my point. The housing development bureaucracy is, in my opinion, the root of the problem. If enough the housing supply was anywhere close to where it should be, owning to rent should barely be worth it. And that's before any restrictions ate put in place regarding the number of properties one person can own.

[@David-bi6lf]

"One of my morgages has gone up, I have to pass some of that on, I can't lose money" actually yes can because you are not loosing money, once the tenants have paid off your mortgage you still have a house to sell which will still be worth considerably more than than any loss you may have made.

[@himoffthequakeroatbox4320]

They claim to be such great businessmen. Businesses lose money all the time; some recover and some go under. There's no guarantee.

[@segue2ant395]

As the the fella himself said - the value of the property only ever goes up. It could sit empty while he paid the mortgage himself and he'd still be guaranteed long-term profit.

[@JAYG6390]

Technically you are right, but the landlord needs to pay the mortgage on the property. If there's a shortfall in that because of the increased interest rates, either the landlord will lose money or the tenant will have to cover it (or a mix of the two). You're assuming every landlords got wads of cash just sitting around that he can dip into. It may not actually be the case. If the landlord has to default on the property because of the rent being too low then neither the landlord or the tenant are a winner are they

[@allykhan8594]

Buy you own house solve your problems, landlords are not your mums and dads.

[@TwitchingBomb]

@@JAYG6390 The option was in the OP's statement - sell. ffs. It is an asset that the tenant does not have the luxury of falling back on. You literally cannot loose money.

[@imovertheocean]

imagine being allowed to own 20,30, 50, 100 properties as a single person os business. Insanity.

[@cembozdag]

Lend lease own half the country 😢

[@DougIIGB]

You do it then? It’s so easy?

[@waynelister1285]

Definitely needs to be capped

[@tobsstone]

Then who is going to provide housing? The joke of governments?

[@P..]

@@DougIIGBdummy. How is it easy for some somebody on an average income?

[@chriskelly5099]

“Buy to let” …. One of the biggest shames of this country.

[@FarmerGwyn]

If only the local councils would have done it...... fair rents and better public services, simple.

[@allykhan8594]

Lol, you need travel a bit more out of your country. There are btl in almost every country on the planet.

[@randgate]

@@FarmerGwyn Council pensions have always been more important than council houses.

[@randgate]

@@allykhan8594 The access to cheap credit and extent to which they're leveraged is much lower in other countries it seems.

[@FarmerGwyn]

@@allykhan8594 And that is one of the biggest reasons for such inequality in said countries, asset wealth, the sign of a capitalist society going up it's own arse

[@shimes424]

I never would have thought any of them would be honest, but the one guy who was honest was in a freaking Aston Martin jacket 😂

[@SCP-1375]

That one is my new hero

[@adambutterworth7608]

What’s his jacket got to do with anything?

[@xdylanwx]

2:16 "Landlords provide housing" ... Landlords exploit housing, not provide.

[@brianmiles5237]

They literally do provide housing. It's literally how the market works.

[@stantorren4400]

@@brianmiles5237No, they don’t fucking build the houses or just give it to you

[@brianmiles5237]

@@stantorren4400 OMG, yes some of them do 'fucking' build the houses themselves you cleft and yes they don't give it to you. They provide a service for money, in this case; providing you a house. Imagine being that blinkered your complaint about an entire market is they don't give you a gift who's costing starts in the hundreds of thousands LOL.

[@tobiastobias2419]

@@brianmiles5237 So, if i would own the air, than i would provide air for you, so you won't suffocate? And you would be gratefull about that? Are you a little bit stupid, Brian ?

[@Sara-ch3xi]

Oh my goodness, I'm absolutely overflowing with enlightenment. How noble of those poor, poor victims to generously help those who can't afford their own property. It's not like they have any ulterior motives or anything. I mean, clearly, that's why I willingly handed over double my current mortgage payments when I was stuck renting a flat. What a heroic sacrifice on their part.

[@irishyoung1775]

this made me laugh!

[@jalalabdullah5043]

Cry more

[@AndyLowe-net]

Congratulations for becoming a homeowner. Just make sure that you never need to move elsewhere and decide to rent your place out for a time, or maybe you might rent out a room to ease the burden of the cost of living. Because if you do that then you are instantly a fecking prick who does nothing and gets passive income

[@brianmiles5237]

Not a lot of substance here dude, nothing really to work with. You could have actually tried to throw in what you think should be done but you've just had a moan about people who've done nothing to you and never met you.

[@MrAce86Productions]

I'm seeing a lot of negative comments about landlords but people are so bitter can't see the bigger picture. Properties generally a bought by landlords because 9 times out of 10, no one wants to buy them, the ones at auction or they don't have the money to buy a property, the ones which aren't in auction, hence the reason why people rent. Another reason is that people are the root cause of inflation and increase in property prices. What i mean is that after 7 months of trying and offer 5-10K more over asking price which I hate doing, average people would offer 20k+ over asking price to out do each other due to greed and jealousy etc for a property which then also has a knock on effect on rental prices etc i only paid rent for 1 month and quickly learned that i had to stay with my folks until 27 and started making sacrifices after 24 years old, as prior to this, i was spending money to have too much fun on drink etc which wasn't worth it if i look at it now and with the sacrifices resulted in me buying my house outright but i bought it 1.5 hours of travel from work as I wasn't willing to pay Manchester prices. Majority of the people in the video started from 1 house and made sacrifices which normal people don't do as they aren't willing to take the risk, hence the reason why rich people make so much because its easy for a worker to complain about the companies top boss who started from scratch to making millions totally disregarding the fact that they had to take a big risk in order to succeed and it takes decades to be successful unlike in the day of the tiktok where you can get rich quickly by becoming a whore etc. These landlords are a small fish and are not the problem as they are meeting the demand as much as they can and have to up the rent increase because of demand which is caused by people. After the credit crunch, Goldman Sachs, JP Morgan, Blackrock(the richest shadow bank on the planet), Universities, started to buy and develop properties for the rental market because they learned that a property whether it appreciates or depreciates in value, it will make guaranteed returns which nothing else can match and its the companies including universities have a massive tax advantage because they get tax breaks from the government, labour or tory etc and when I went to Edinburgh after 15 years, I shocked at the number of university student properties which didn't exist 15 years ago and in doing so, the soul of Edinburgh has been lost. Now these landlords in the video will eventually be forced out by the changes in law as they aren't the big fish and this will then result rent going up even more and this time around people won't be able to do anything because when the mortgages start to default, it'll be the multi national corporations who'll buy them. The richest landowner in the UK is The DUKE of WESTMINISTER, who not only avoided a big inheritance tax bill when his father died, this change in law is going to benefit him and unfortunately half of the British population are Royalists/Elitists so deserve to get screwed with higher rents. So to summarise, the sheep on here who are blaming the people in the video are idiots who can't see the bigger picture or are ignorant enough for them to blame the smaller landlords but are fine with family members of the royal family or the multi trillion dollar companies making billions from rental income which doesn't sound to me.

[@catherineboland6751]

“I can’t lose money” Do these landlords actually know they own the house at the end of the renters paying their mortgage?!

[@tremarley9648]

Exactly. They need an incentive to provide housing. Who will offer the homes if there is no incentive.

[@django3422]

@@tremarley9648 The incentive is everyone having a place to live.

[@mattwest1277]

Technically they won't own the house. Most landlords use interest only mortgages so at the end of the mortgage term they still owe the balance and do not own the property outright.

[@NPhilome]

If they make it to the end . . .

[@powderandpaint14]

"It was in my family". What he means is he inherited property from his family so went with it and became a landlord. Most of us don't have that, sorry to have to inform you landlord guy!

[@ChuffedDom]

Evicting a tennant for damage or no payment is not a non-fault eviction.

[@graham.a.phillips2811]

Exactly, I noticed that.

[@randyvalantino6850]

He was talking about section 21 . The ability to give a bad tenant 2 months notice without going to court . Why should it take any longer than 2 months to get your property back from a bad tenant. If they scrap section 21 it then will become a lot longer . Landlords want long term good tenants and good tenants have nothing to fear .

[@springer131]

​@@randyvalantino6850 He wasn't asked about section 21, he was asked about no fault evictions

[@stephenrowley4171]

​@@randyvalantino6850it's you've got a bad tenant scrapping section 21 no fault eviction doesn't effect your ability to get rid of said tenant

[@onezerooneseven]

True, but the no fault eviction (S21) process is used as it is simpler. It doesn't mean that there isn't a fault or a good reason to gain the property back obviously. It's just a pragmatic decision to use it. Why cause the tenant additional grief by gathering evidence of late payment, antisocial behavour etc, when you can use a process that avoids that. In reality a landlord rarely wants to get rid of a good tenant, the risk of getting a bad one is too great. The void and agent fees are an extra cost too, and the risk of being landed with a new tenant who refuses to pay and has to be evicted can actually bankrupt of a landlord, so few will risk that. Almost always there is an issue with the tenant, or the landlord needs the property back to sell or live in. One exception might be if they want to renovate to get a better rent. What's likely to happen is the bad tenants will struggle to rent anywhere once S21 goes and the new landlord finds out the reasons they left the old property.

[@ChuffedDom]

Didn't realise there was a vulture convention on in London.

[@danoneill8887]

Please someone stop the blood pouring out of my bleeding heart for these clowns 😂

[@irishyoung1775]

I have a few haemostatic gauze bandages for stopping life threatening haemorrhages that I inherited from my grandparents... I'd love to just GIVE one to you since you clearly have a need... but I can't lose money. You understand...

[@andygreen1677]

You be careful you don’t turn green with envy 👍

[@minoozolala]

@@andygreen1677 Who would be envious of greedy bloodsuckers?

[@sirianofmorley]

Soon the government will make it more profitable to own the house without you in it. Then my heart will bleed for you out on the street.

[@AlbertGrayson]

The smartest thing that should be on everyone's mind right now should be to invest in different streams of income that are not dependent on the government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC ETH...).

[@BeverlyLuisa]

​@David-ku7hdI also needed her info too I’ll write her thanks.

[@Aidanpaul749]

She is my family's personal broker and also a personal broker to many families in the United states, she is a licensed broker and a FINRA AGENT. My family got in touch with her after she did a broadcast on ABC NEWS about her profitable investments and trading. She is so awesome that my family is now dept free️.

[@rusty11111]

Load of bots having a chat, amazing

[@mattyc1294]

@@rusty11111 they might not even be bots, just some scammers somewhere sitting in a room

[@aredub1847]

invest WHAT?

[@John-sp9kw]

Wouldn't be so bad if some landlords fixed the houses before the tenant moves in

[@j86wedge]

But didn't you hear the work horse say that the regulations are changing and that landlords have to pass the cost on. If renters want to live somewhere fit for human habitation, they're going to have to pay for the landlord to make it that way...... 💀💀💀💀💀💀💀💀💀💀

[@John-sp9kw]

@@j86wedge no not applicable the landlords make the properties fit for human purpose or f off . What goes around comes around

[@j86wedge]

@@John-sp9kw I'm absolutely certain that not all landlords are the way I make fun of above, however, I go to alot of properties where the tenants are left in what can only be described as squalor, while simultaneously asked for a ridiculous amount of money. The regulations don't go anywhere near far enough in ensuring the protection of human beings to a safe and healthy environment to live. Any rented property should be officially registered and graded 1-5 as SFHH by law BEFORE any tenant is allowed to make a transaction to live there. People deserve better.

[@BC1878]

Wouldn’t be so bad is tenants looked after the houses and paid the rents in time instead of acting like squatters.

[@j86wedge]

@@BC1878 suuuuuure...... They're ten a penny these non paying tenants. There's a huge sweeping problem across the country with landlords losing their homes because of them don't you know!?...... Oh, no, that's right, they're not 🙃

[@callumnoor8442]

After watching this, I've never wanted a "bubble" to burst so much in my entire life!

[@arghjayem]

00:37 “It’s not huge…..just under 10 properties.” Is she joking? Average U.K. house price right now is just around £285,000. So she has a portfolio of potentially £2.85 MILLION. If they’re within the M25, the average London house price now is around £740,000!!! So a portfolio of £7.4 million. What planet do these people live on? 04:54 Sorry to pick on this woman again, but just because she personally hasn’t seen something doesn’t mean it doesn’t exist. That’s very naive thinking. Plus she not looking at herself either! I bet all landlords think they’re great landlords, even though clearly that’s improbable. 05:24 You grew up on a council estate? Great. So what? Just because you were less well off at one time in your life does that mean we can’t judge your wealth at any other point in your life? Especially when there is barely any council housing left in the country. If his parents had to pay the average rent these days I bet he wouldn’t have been able to leave the council estate where he grew up (assuming it hadn’t been knocked down and gentrified already and replaced by tower blocks of studio flats sold to foreign investors as a form of tax avoidance and savings).

[@leithmartin419]

You know, you'd think that if your mother had tow work 7 days a week to put food on the table and keep a roof over your head it might occur to you that that is a shit situation and it would be better to live in a society where that didn't happen.

[@johnners911]

@@leithmartin419 Yep, his idea of "thinking outside the box" was actually "I'm just going to contribute to that clusterf**k that I grew up in"

[@CosmicBrain21]

You sound very salty. If you worked hard and put effort in to your life, maybe you wouldn’t have to feel so envious of those who have done better than you.

[@JamesOversteer]

The guy claiming to grow on a housing estate if that’s true he clearly benefited from this to be able to reach where he is now but he CHOOSES to extract wealth from people who aren’t able to experience the same benefits he has had. These people are fucking assholes, it really is time to eat the rich especially those with triple figures of houses!!!

[@ritfloyd]

So much jealousy. It's good fun reading all the salty comments. I say this as a landlord.

[@mongoose7cfc]

"I choose to work harder" by making other people pay me for no work.

[@fintamaria2429]

These guys seats on 20 houses and think they are victims 😢😢😢😢

[@verystripeyzebra]

If you can't afford your mortgage without your tenants, your tenants are buying you an asset that you can't afford, but your tenants can.

[@TwitchingBomb]

No no no, they are saving us by providing us accommodation... learn some respect and bow to your master like I do

[@leithmartin419]

​@@TwitchingBombMmm, I like a tasty boot.

[@alfsmith4936]

If you can, you probably already have a pretty large portfolio. Are you saying only the super wealthy should be landlords? Maybe we could bring back serfdom while you're at it..

[@verystripeyzebra]

@@alfsmith4936 it's more complex than that. What is the return on investment. Is it rent collected or the appreciation of the asset. It should be one or the other. But it's both. A crazy system, where the tenant buys the asset that the landlord can't afford. Especially when the asset is a rare resource. In a balanced market there's no problem. But the market isn't balanced. It is indeed a return to medieval feudal serfdom, with the working class slowly being cut off from home ownership. With no property to bequeath their children the working class will find themselves increasingly propertyless, doomed to be tenants forever. Working to buy assets for the property owning class that the property owning class can't afford. A system like that is a symptom of just how perverse our society has become. If the property owning class want investments, then invest in business, the real economy, not domestic property, which has no productivity value. But the doubly whammy of rent collection and asset appreciation make property an irresistible choice. A balanced market would see property maintain value, housing costs reduced, freeing money to be spent in the real economy. Investors investing in businesses, and an end to the bizarre practice of someone borrowing to invest despite being unable to afford to service thst debt, but it's OK the tenants can pay it.

[@oscarromeo812]

Really … so why aren’t they buying one for themselves then!?!!? Ever heard of a deposit? Paying £500 a month is one thing, saving £30,£40,50k + is quite another!!

[@tenthdeviation]

"I don't have many properties" has 10. "medium portfolio" has 20.... definition of hoarding

[@randgate]

They don't own them, the bank owns them, easy cheap leveraged credit is the problem.

[@himoffthequakeroatbox4320]

* hoarding. Unless they're Genghis Khan.

[@leithmartin419]

​@@randgateI think you meant to say "a problem"

[@anarchords1905]

Being "less aggressive with the other side" would be a lot easier if "the other side" were less socially aggressive with (to) us.

[@bdoubleeb3039]

“My tenants aren’t suffering yet, but I’ll have to see what I can do about that when it comes to renewing the agreements”

[@hatchett122]

I know right. Lady was a borderline sociopath.

[@SKARTLEAD]

I'll be honest now. My landlord is actually a dream. We've been here 2 years and the rent hasn't ever gone up, he's always included bills in our rent and it didn't move when energy went through the roof or when we moved a 3rd person into the house. Our rent is maybe 30% below market average. He owns 2 properties, the one he lives in and the one I live in. He will never own 100 properties because he's not a greedy parasite, and that is the fundamental problem with landlords: The ethical ones who don't exploit the market don't have the capital to buy more houses, so the vast majority of rental properties are owned by thieving money hungry demons.

[@GeorgeOhYesPlease]

45% of landlords own one rental property, 40% own 2-4 and the remaining own 5+

[@user-nz9hx3ze4b]

You are right. There are landlords who choose not to increase the rent, or at least not by levels above inflation, they also do exist. 👍 Corporations whose sole raison d'etre is to make profit and folks who heavily rely on passive income to pay their bills, are the ones giving the other landlords a bad name.

[@deltaechomusicnh555]

He may be a dream, but he also sounds like an idiot.

[@darkwolf2343]

Good landlords will always exist but thats like there would always be murderers with good motives. They're a spec in the ocean.

[@ruslansuleimanov9441]

@@darkwolf2343 it's basically like the "good slave-owners". Yeah, there were some that were nice to their slaves, fed them well, didn't abuse them as much, but utlimately it was still slavery

[@calenwatters5267]

Why do they talk about landlordism as if it's a protected characteristic. It's an investment portfolio and you take on risk, if you lose money that's on you stop extracting money from people that actually work.

[@johnners911]

Neoliberalism has led "investors" to believe that their wealth should always be protected from risk by Joe Bloggs. Unfortunately Joe Bloggs has also been led to believe this too. It's time Joe told them to take a hike.

[@onezerooneseven]

True, but people sell up if there is too much risk or go bankrupt. This will cause a drop in property to rent and increase costs for renters, due to a lack of supply. If it happens enough there may be some renters who benefit who are in a position go buy. But plenty of people won't be in any position to buy, certainly not with these exchange rate. BTL is just the symptom of bad government housing policy. Too many people are falling for the governments divide and rules tactics.

[@jonathanwheeler4205]

@@onezerooneseven The houses aren't being destroyed. The house will either be sold to another landlord (at a loss to the current landlord so the market rent generates an acceptable yield in todays interest rate environment) or it will be sold to an owner occupier (rental supply/demand imbalance unaffected). Your comments about "being in a position to buy" just reinforce the existing owner will have to take a loss to sell. At least they wont get a CGT bill.

[@onezerooneseven]

@@jonathanwheeler4205 It depends on the house. HMOs can house 5+ adults, but are often sold to a single couple. So an imbalance will likely occur, and it only goes in one direction. Increasingly more properties are going to airbnb type lets due to the lack of profit and additional risks with residential renting.

[@jonathanwheeler4205]

@@onezerooneseven Which is why you need permission to deconvert a split house or change back to a non HMO. In reality, the discount required for a single couple to deconvert a butchered house would be so large (assuming permission granted) it would likely just go to another HMO landlord at a discount which would make the numbers work in todays interest rate/tax environment. Completely agree that AirBnB, holiday lets need clamping down on which is on the Government's/tax man's radar.

[@fatedestiny1397]

These guys had it easy. They literally picked gold off the streets.

[@blurtam188]

So why don't you do it if it's so easy?

[@arshadvohora]

@@blurtam188 because young people were lazily watching netflix in their dad's testicles. How difficult is it to born a little early ffs...

[@hc-nj3ve]

@@blurtam188 I think the point would be made that you'd have had to start doing this a couple of decades ago to have truly benefited in the ways that some of the interviewed may have.

[@piddlydiddly]

@@blurtam188 the young guy started at 18, he was clearly born into money.

[@crochetomania]

The young guy said himself he inherited a few properties from his grandparents. Is inheritance now called “working hard”?

[@brenglover72]

Wait until large corporations corner the rental market - it's coming.

[@trillmixin6999]

already here

[@carlmieleszko2944]

The only good thing about that is once it goes into private corporations the public will force through rental caps etc. At the moment pricks like these have 30, 40, 50 homes that all their tenants are paying the mortgage on! It’s scandalous!!

[@brenglover72]

@@carlmieleszko2944 not on your life. Watch the rules be relaxed in favour of large corporations - believe me the tenant will be worse off.

[@clair233]

hold on.... did he just compare Dunkirk to being a landlord in this country?!

[@Beremote]

And he thought he was smart about it. A dumb analogy that didn't make any sense as if landlords help people by providing houses. This is utterly ridiculous build more houses!

[@matthewparker2810]

"I can't lose money!", sure you can that's what happens in a bad investment........ Utter brain rot.

[@segue2ant395]

Perhaps you misread his tone - he means 'I can't lose money! It's great!': all he has to do is sell, and he makes back everything he invested, everything his tenant invested, and then some because the value of the value will have increased. He literally can't lose money.

[@johnpanos2332]

“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” - The Apocryphal Twain (Mark)

[@Ashok_Regiment]

In a country with such a housing problem there must a discussion about the ethics of owning literally hundreds of properties and also the impact it has on the housing market.

[@sirianofmorley]

These people here are small and aren't the problem you think they are. Consider looking at the portfolios of the big investment companies like Blackrock.

[@draco_1876]

@@sirianofmorleyMy god they’re all the problem. Regardless of how big or small being a landlord is a massive issue.

[@w0blersnthat986]

@@draco_1876What should someone do if they have a bad credit history or have made bad choices in life and cannot save up for a deposit on a mortgage.

[@DevAnubis]

Big question to ask them next time: How many new builds have you funded? How much of your portfolio was built before you were born? How much of your portfolio was built as council housing?

[@randyvalantino6850]

Then they should ask With bank interest rates so high why be a landlord with all the risk Why not buy holiday lets instead , easy to get your property back . Why not buy condos in thailand in holiday destinations guaranteed 10% return management run If being a landlord is so good why is the government not building council houses

[@Wendingle]

Yep. Buy council houses. Raise the rent cost. Get rent from housing benefit. Don't pay any tax themselves and put every personal expense they can through their business.

[@randyvalantino6850]

@@Wendingle most private rentals are not on council estates. You pay more in rent because they are in better areas . Most landlord do not want dhss . They want working tenants with reference or even a guarantor

[@Wendingle]

@@randyvalantino6850 maybe in your city.

[@MartinJames389]

"We can take things into out own hands and actually do something about it." There's a name for that. It's called a revolution.

[@jamesgeorge8915]

Where to start?

[@allykhan8594]

Try working harder and make sacrifices, coming from extreme poverty we did that and certainly didn't moan about it.

[@jamesgeorge8915]

@@allykhan8594 moan about what?

[@leithmartin419]

​​@@allykhan8594you could've worked hard and made sacrifices for the revolution instead of just yourself...😔

[@allykhan8594]

@@leithmartin419 Go Rusdia, cuba or venezuela and go be commie there. See how that works out

[@DreamClean]

If being a landlord is so bad they can choose to sell their properties whenever they wish. It's a CHOICE.

[@LittleMAC78]

If there are people who can afford to buy the property that might be an option but if there is nobody able to afford the property then that owner (any owner, landlord or not) is stuck with the upkeep of that home until a buyer can be found in addition to potential ongoing mortgage payments. If that property owner has no additional income then the property needs to keep its tenants in which can be a 'catch 22' situation making the property difficult to sell as you suggest, particularly with regulations now making it more difficult to increase rents for existing tenants to cover existing price rises that we all struggle with these days. Selling is an idealistic option but it is not always possible, unlike renting where the tenant can leave just by giving a specified notice period and going elsewhere. The landlord is stuck until the house is sold.

[@Nick-mq9vz]

Selling is not gaurenteed. Hard to sell currently.

[@benkeates5396]

@@Nick-mq9vzthen reduce your prices - if your investment was poor, that should fall onto you

[@Nick-mq9vz]

@@benkeates5396 Things don't get given away as much as you would like it. Properties sell if they don't there are serious problems with the economy.

[@isolationnationn]

"Landlords provide housing" I can't remember the last time I saw a landlord build a house...

[@chrisbacon2637]

they provide the capital.. they also take the debt risk and rent it out.

[@tobiastobias2419]

@@chrisbacon2637 idiot, there is no risk in being a landlord, because everyone needs a place to live.....

[@simonstevens5334]

Back in my day there was a stigma around being a landlord and I have to say the landlords then are starting to look like saints now compared to these vulture opportunists you've highlighted here, this is the problem with capitalism, nobody is ever satisfied with their lot, it's always done and onto the next one at the expense of people who have nought.

[@randyvalantino6850]

Its a lot more expensive and more risk now to be a landlord. Something you are missing is that landlords do not have duty of care , the government has duty of care council and housing association housing are long term homes and rents are capped by government. The private landlord are temporary homes they are completely different just like hotels and holidays homes . What people should be asking is why do we not have enough council houses if its so good and so much profit in it .

[@jphenry3404]

@@randyvalantino6850 Are you a landlord by any chance?

[@django3422]

@@randyvalantino6850 "like hotels and holidays homes"... what planet are you living on? Private rentals are all that's available for so many, so that's what we get.

[@randyvalantino6850]

@@django3422 Council houses and housing association are long term . Private rentals are temporary such as student accommodation or people going to an area for work . The private landlord should be able to give length of contract that he wants . Maybe he only wants a short term thing . Its really not the private landlord fault that the government has not built enough council houses .

[@randyvalantino6850]

@@jphenry3404 Am i a landlord , no thanks its a mugs game as a family we once rented a property out after a death . Only because at the time it was difficult to sell , had a terrible time after a few months they stopped paying the rent and once we got the house back it cost us a fortune to put right . The only good thing was that we had the section 21 option so it only took 2 months to get back . I find it absolutely everyone thinks that all landlords are bad and that all tenants are good its absolute nonsense. Just think what damage can be done to a 150k house and garden by a bad tenant , would you like it .

[@chrishampton2565]

The guy around 5:50 truly is an inspiration. I wonder when he got on his horse and rode out of town, he knew what a rugged individualistic hero he really is. He obviously works so much harder than the rest of us... Or did he just fall out of his mum at the right point in history. I know blokes with 200+ property portfolios, they come across as a cross between an addict and a brat. It's as if they need more and they certainly don't want anyone else to get properties.

[@qasim5279]

If its so easy, you do it.

[@Phoenixguy357]

@@qasim5279 did you even read his comment? its sarcasm. hes saying that its incredibly hard and the guy in the video was extremely lucky because of when/where he was born and from which family. any wealth over 10 million is generational. that money has existed in that family for decades if not centuries.

[@whatisrokosbasilisk80]

@@Phoenixguy357 Of course not, mate

[@boxingtruth2167]

Get a job

[@tomjohnson1184]

Ohhh, how sad to see those poor old adults who willingly took on debt to speculate on property for some time, reaping the benefits of tax deductions and the government and banks subsidizing their purchases for many years. Now, they find themselves struggling. How unfortunate! The government should definitely provide them with additional freshly printed cash to support them in their time of need.

[@yq3908]

They aren't struggling. They are whinging. They are multimillionaires and could sell up if they wanted to. House prices have gone up and up over the years.

[@PaulFilmer]

@@yq3908 Very true, the majority of their portfolio is making a killing, its only the properties they bought in the last few years that aren't. But they are well and truly offset by the ones that are probably paid off.

[@TheLadySolitude]

This makes me think of last winter when I spent it in an apartment with no heating or hot water, my fingers and toes felt like they were going to fall off. I was crying myself to sleep while i could see my breath. All the while i could see my landlord across the road in a tshirt because his heating was up so high. My heart goes out to the poor landlord, suffering such high temperatures in the winter, and he had me bothering him to repair the property on top of his difficult time.

[@brianmiles5237]

Your landlord turned off your heating?

[@cunnyfuntly]

Things that never happened.

[@sugarshaker9162]

Why don't you buy your own house then

[@himoffthequakeroatbox4320]

I deserve money because I took a risk, but also I expected a guaranteed license to print money. I wish the government would get off entrepreneurs backs, but we should be bailed out because waaagh it's not fair.

[@Ashok_Regiment]

There is very little risk in the housing market though. Because the economy in this countrly is largely leveraged on the housing market the government always makes sure that there is no asset devaluation (as in the stock market). There is virtually zero risk for them. No other form of investment is practically government backed.

[@TwitchingBomb]

Everyone can go upskill if you don't actually have a real job and plenty of spare time and cash given to you free of charge. Maybe I should stop drinking coffee so I can afford to buy. The way this is managed is not really any different to slavery where we go to do the work all year so they can fritter off on holiday every month (like my landlady). Been waiting for a boiler for 3 months, house is cold and damp, 1st world my ass

[@allykhan8594]

What u being doing all your working life that you haven't got a home?

[@TwitchingBomb]

@@allykhan8594 Surviving and providing a free life to my landlords obviously.

[@allykhan8594]

@@TwitchingBomb my family came from extreme poverty living on the banks of a canal and i don't mean in a boat, but a shake of wood and rusty corrugated sheets of metal. My mother and father could not read or write. My father worked as a chippie and my mother aa a cleaner. All 8 of their children own a house each.

[@TwitchingBomb]

@@allykhan8594 Congratulations, and?

[@allykhan8594]

@@TwitchingBomb can't see why so many moaning and complaining, it is harder to purchase a house in this generation, it can be done if you are making the Right choices. My nephew just purchase a 3 bed in Streatham 35 year mortgage he is i.t software Architecture. 15+ nieces and nephews none are in social housing.

[@Dave-dm3wy]

"It was in my family", shock horror 😂

[@tobiastobias2419]

he is such a hard worker....🤡

[@bluechang08]

my wife and I have had a total of four private landlords whilst renting property and based on our experiences, the micro violin comes out when they say they are hard done by. The first landlord wouldn't fix the windows (you could see outside through the gaps in the panes) and the central heating system in the property leading us to freeze throughout the winters (2), and then had the audacity to try and hold onto our deposit when one of the radiators fell off the wall in between the time we moved out and their inspection because of damage that was on the wall when we moved in. It was only because of the constant calls and emails to the letting agent pointing out the faults and asking when they were getting fixed (all the while paying rent on time and in full) that got the money back as they had records of us calling. The same landlord then exclaimed she was sad to see us go as we were her best tenants! The third landlord we had had 70 properties all on one new housing estate including the one we rented put into receivership as she wasn't paying the mortgages on them, resulting in our eviction after the initial tenancy period. We went passed the building a month after moving out to find workmen pulling the window frames out of the flat we rented, so she must've been told by someone, be that the estate agent or our letter that no-one would rent it in its current condition. The last property was also put into receivership after the landlord also failed to pay the mortgage despite driving around in a relatively new Range Rover (we saw this a month or two before the place was put into receivership after the floor in the living room collapsed under the carpet). We were lucky in this one as it was just after the 2008 financial crisis, so the bank allowed us to stay in the place.... until they didn't and then served us with a section 21 notice to vacate. What galled me on this property is the fact that we paid over £57,000 in rent in the 7.5 years living in the place when the property was worth just over £100k - half the price of the property for absolutely nothing apart from a roof over our head. The only private landlord worth a damn was the second one who was absolutely fantastic, sorting out issues within 24-48 hours and keeping us updated about said issues if it would take longer than anticipated. He also allowed us to leave our contract earlier and without any complaints or charges due to an unexpected large increase in the size of our family in the near future, going from 2 to 5 people (triplets). I wish there were more landlords just like him, because if there were, it would make renting privately a little better and leave less of a sour taste in the mouth for paying through the nose to keep a roof over your head when you can't afford to buy your own property.

[@cad4246]

Was the good landlord a full time landlord with a portfolio of properties? Sadly your ratio of good to bad experiences is probably representative. Maybe even better than average.

[@bluechang08]

@@felixsmith5234 The hole is probably from a vent fan thats been removed. If you want to do a temp fix to it, see if you can get a roll of bubble wrap jsut wide enough to fill the gap, stuff it in and cover with plastic and tape on the wall. Following that, I would suggest to keep complaining to the letting agent, keep documenting the fact you are complaining about the issues along with photos, so when/if the inevitable happens and the landlord attempts to withhold your deposit, you can go to tribunal and show them the evidence that you've reported the issues on more than one occasion. That was how we got our deposit back when the radiator fell off the wall after we'd moved out. For the duration we lived there, we had a piece of furniture up against the radiator to keep it from falling, and told the estate agent that it would likely be lying on the floor when they do the inspection. Only for them to go in with the landlord and the radiator was on the floor - landlord tried to blame us, but the estate agent stood up for us and showed her the complaint file for the address.

[@bluechang08]

@@cad4246 From what I remember, the decent landlord had moved out and up it up for rent after he'd moved in with a partner, so it would've been his only property and tended to it like he was still living there. The third property (the one that we were allowed by the bank to stay in) I believe was also a single property landlord, but he didn't give a crap about the place. From what I was told by the estate agent dealing with the place, the guy who owned it got it cheap as he worked for the building company of the estate or something and had lived in it for a while but put it up for rent when he moved locations - we were the second lot of tenants he'd had, and became his last tenants after it was put into receivership for failure to pay the mortgage. Its not nice being approached by a process server as your about to go inside your home to serve you papers that say you have to move out, let alone three times in two different properties I can tell you that. It's like your world falls apart when you've got papers in your hand telling you that you have to move.

[@YonaSoundcloud]

Oh yes, because they see your deposit as their god-given right to recover any deterioration naturally caused to the property over the lease period, or for the damage caused by previous tenants that they didn't bother to fix before your lease began

[@wakeyskate]

@@YonaSoundcloudexactly, when I was a student the first house we had they tried to charge us from a broken sofa (which we reported to them within a month of moving in (it was already broken), they replaced it at the time and then never removed the old one - trying to charge us for it! That was resolved when I pulled the email exchange at the time out. Second house was in better condition when we left it than when we moved in, they tried to take £300 from our disposition for cleaning and provided a receipt (from a cleaning company I could find no record of online), this was resolved as based on my first experience I photographed every inch of the house the day we were moving out (it was spotless) and sent them all the photos asking if they could highlight where the £300 of cleaning was required. Luckily the Tenancy Deposit was in place so they knew they didn’t have a leg to stand on and we received the full deposit back, but it must have been like the Wild West prior to the scheme starting. Best part was that they tried to say the kitchen needed cleaning (prior to the pictures being shared) but when we next saw it on the market they’d put in a brand new kitchen - not sure why you’d need to clean the old one before ripping it out….

[@davebaz8142]

I’m looking forward to tomorrows episode more… ‘Wolves talk about how to better protect sheep’

[@alfsmith4936]

"If we could just get some of the sheep to come and talk to a council of wolves, I'm sure they would be more understanding about being eaten"

[@lazyvegan4096]

The landlord who inherited his business at 18/19 from his grandparents had the most to say.

[@joejjj4378]

he was also an idiot. He apparently thinks tenants trashing properties is a no fault eviction

[@senken12]

"Do you know how your tenants are getting on with it" (cost of living) "Yes, I do. My tenants are not affected by it yet, but I will have to do something about it when it comes to renewing the tenancy agreements" Did she just admit she's looking to make her tenants poor?

[@DeathwaveUK]

Primary function of landlords in our society, to ensure that the serf class remain poor.

[@SirJimmySavileOBEKCSG]

A monthly mortgage is cheaper than rent guys n' gals, that tells you all you need to know!

[@flucazade]

even cheaper when your mortgage gets paid by other people

[@sulalee7413]

If you can get a mortgage company to lend you the money.

[@TwitchingBomb]

If you can save when you have to work for at least 2 weeks, (very often more) just to pay or a roof over your head

[@arghjayem]

If you can get the mortgage company to lend to you and get the deposit together.

[@hayleyxyz]

Cool, give me 50k for a deposit then.

[@Pegaroo_]

3:14 At least this guy is honest and can admit what is happening

[@David-bi6lf]

Can we stop calling it at investment. Its not, its wanting free money off the back of others. An investment is a pension or ISA etc. You have to go out and work to make money to put into an investment before it grows. Landlords just go get a buy to let mortgage, buy a property, rent it out and have a valuable property mortgage free at the end. Its at max an extremely high paid low hours part time job, that they believe should be risk free.

[@Lib654]

just go and buy, where they get 25% of deposit from, oh they maybe save, instead of going to pub every Friday!

[@David-bi6lf]

@@Lib654 wow still means they do barely anything to earn the other 75% of the house value.

[@Lib654]

@@David-bi6lf so where is your problem to save and buy, or you think you are entitled because you exist, sounds like it, earn and buy, but easier is to make 4 kids first and than it is everybody’s else fault that you instead of brains used penis!

[@NeverQuiteAlex]

Maybe they should get real jobs.

[@lazyvegan4096]

"I *choose* to have outside of the box thinking. That's why I'm in property" I think being a Lord is one of the oldest British jobs ever, sir.

[@hodor6159]

These people are delusional. They think that they're offering a service, when what they're actually doing is pricing others out of the buying market.

[@piman2k]

Absolutely! Lad in the black T shirt saying he provides housing to people who can't afford housing like he's a council house or something?!?

[@something1600]

1:30 actually, most of the soldiers were transported on the large shops, not the small boats.

[@onezerooneseven]

I live overseas, so I kept hold of my old place and rent it out. More because I want to ensure I can still afford to live in the UK if I come back. I can't say it is profitable. Income tax, agent fees, repairs, extra interest as it is BTL now, and I will be liable to some CGT when I sell (that doesn't event take into account inflation) all add up. I'm actually renting myself in Finland (I wish that could be classed as an expense). Now I'd be happy to sell to the state at market rate if they wanted to rent it out themselves, I'd want some guarantee of being eligible for council housing if I did that and returned though - fat chance of that happening. We need to look more at solutions of gaining more state controlled housing. The private sector is designed to make profit, it's nonsensical to think it's going to take on the risk without enough profit. This is government using divide and rule, but we need to look at solutions - not complaining about the symptoms. BTL is just the symptom.

[@cad4246]

If you're keeping it to come back and live in then treat is as an insurance policy. Those aren't free. It's reasonable for you to have a negative yield. If you do return to live there you would have saved the cost difference between sale and purchase 5 or 10 years later (or whatever). That's got to be worth more than a monthly loss of a few hundred quid as rates have risen, pushing up the price of your insurance policy. I'd bet all the landlords in this video had significant portfolios before you moved away. None of them will be paying fully managed agent fees, which I expect you have to given you're abroad.

[@leedowner2249]

He definitely can't lose money lol, when prices reliably go up 5-10% each year you definitely can't lose money

[@willlee7147]

And they call buy to lets businesses - businesses are risky and there is not much risk being a landlord tbh....

[@wakeyskate]

If it becomes unaffordable for him, he should sell the property and buy a BTL which is within his budget, but none of them want to let go of their properties

[@ordoabchao4202]

Very few people actually understand the power of credit and leverage and have the determination to harness it.

[@fiddley]

They should introduce a 'rent to buy' mortgage where you pay your rent to the bank and after a certain amount of capital has built up, the banks return it to you as your deposit, minus a bit for their profit. That way they get to sit on your money for a while and can invest it and also get a new mortgage customer out of it at the end.

[@LittleMAC78]

Who would initially own the property being rented? Who would the renter get in contact with if there were any issues? What would the government do due to the shortfall in income tax that landlords would no longer be paying as they had no income from those properties? It's a lovely, Utopian idea but I don't see it being implemented in the current economic climate.

[@yq3908]

@@LittleMAC78 Did you really try to answer the questions you asked? We the people would own these houses until ownership would be passed onto the renter. Renter could be responsible for the maintenance, or it could be entrusted to a housing association. The rent would be the taxable income. The current situation is madness, that the poor rent for all their lives because the government is not providing adequate housing, and then gives them free housing when they are old enough,.

[@LittleMAC78]

​@@yq3908 you seem to be describing 'Right to Buy' schemes which already exist where a housing association/council property tenant is given the option to buy their property after a certain amount of occupancy.

[@fiddley]

@@LittleMAC78 I was thinking the bank would own it, effectively buying it on your behalf. However the tenant would be responsible from the get go for maintenence. Once you've paid in say 150% of what the deposit would have been, ownership is transferred to the purchaser, the bank keeps the rest and the agreement is transitioned to a mortgage. It'd be a nice little earner for them. I'm not sure it's utopian. The banks make some cash, and I'm sure it'd be preferable for many renters even if they are giving a good wedge to the banks.

[@LittleMAC78]

@@fiddley banks already own the property until the mortgage is paid off.

[@richardwaltz7878]

"The cost of living crisis is always gonna be there it's not going away" that was a promised threat, not a distanced prediction

[@annepoitrineau5650]

A lot of landlords have overstretched themselves. This means they NEED the money else they can't pay their mortgage on the rental property. The mortgages go up=they must increase rent. I think we all agree that a landlord can only rent something which is livable (hygienic/appliances are working/furniture is functional). However, this type of landlord cannot afford the upkeep of the properties, or they see it as a loss of income, and in both cases, they must raise the rent. This flies in the face of their remit as described 2 sentences ago, but this is due to the buy-to-let system, which as stated in my first sentence, led some people to overstretch themselves in order to make money in the only way which seemed possible to them.

[@EdTheDudeChannel]

This is great - a reasoned argument to what these people seem to be saying. Kind of the opposite of most people on this thread, very refreshing. The issue that governs us all - is the fact that people want to move forward, some have chose property some have chosen to work a 9-5 job. I really think that the government and tabloids have pitted people against people, to distract from crap policies. It's scary reading through some of these posts that people have a resentment to others trying as we all are to make something. Without knowing each of their businesses it's hard to judge/understand their hardships. If they had a money making business but because of legislation changes they no longer have a business that's viable then: - housing stock reduced for renters (prices go up) - no more tax to be paid - landlords leaving the sector (more housing stock reduced) It's crazy

[@fracturedlife1393]

System is rigged against landlords? The common person gets turned down for a mortgage having never taken on any debt in life and worked hard and saved his 20k deposit 😅

[@thomasjamison2050]

I have a friend who was fortunate enough to get a private deal through connections with the college he attended to be able to rent a floor in a multi family home for half price. This allowed him to save the money up to buy a house. He did this, and now he has a tenant whose rent payment pays my friends mortgage payment. I can't convey how disappointed I am to see this man who was given a break deprive someone else of the very same break. My conscience would not allow me to do this to someone else, but my friend has no problem with it. I know, I am the exception and not the rule. I think profits from these such arrangements should be limited by law so as to make the business fair to both tenant and landlord. Of course, one could argue from the landlord's side that tenants will often treat property badly, but most of the time that comes from the tenant knowing he or she is being ripped off.

[@thomasjamison2050]

@@cochraneb No. He didn't work hard for it. He benefited from privilege just like any rich a hold born with a silver spoon stuck up their butt. Doubtless he mistook that good fortune as working hard, but it most certainly wasn't.

[@skumleren]

@@cochraneb Well he at least deprived them of the opportunity to pay the mortgage on that house which they could apparently afford, but now has to pay rent and thus his mortgage instead. Sure there are other houses, he deprived them of that one, but there are also many other landlords around.

[@skumleren]

​@@cochraneb If they had the deposit for the house, could they get their own mortgage and throw the friend out? Oh wait, no they can't. Well, you could put it as providing lodging, or you could say he is making other people pay his mortgage because he had a break sooner than they had.

[@skumleren]

@@cochraneb I get more substantive conversations from a kindergartener, but heck at least they are not slowly eroding the country when they think they know shit.

[@LittleMAC78]

If the rent your friend was charging was unreasonable then surely there would be a cheaper place for his tenant to live in the same area? As the tenant seems willing to pay the rent to your friend, we can assume that what your friend is charging seems to be in line with other similar options in the area which means your friend is not ripping anybody off but just charging the 'going rate' for the facility of the room/property.

[@redrob6026]

Have taken a lot of tips from this video. I am struggling on 30k a year, I need to invest in property. Thank god for this video.

[@allykhan8594]

I mk less than u and i got property.

[@hodor6159]

Be sure to upskill yourself first.

[@leithmartin419]

​@@allykhan8594really? How?

[@DeathwaveUK]

@@leithmartin419 Inheritence or the "less than you" is state pension and they bought it back when normal people could buy such things.

[@KcKeegan]

Fool. Property has never been so expensive.. one of the reasons why it's been so profitable for that generation. Even the young guy in the shirt and blazer said he brought his first houses off of his grandparents. Prices will have to drop. Come next election all parties will promise to knock up houses, which will in turn lower prices of homes. Invest in a house now, it looses value, u loose money.

[@mamaduck9370]

God bless that lovely man from Cornwall for putting people before profit.

[@danfry909]

I'm playing the world's smallest violin for these poor, poor landlords.

[@user-wi4yz2pc8x]

Britain is completely ruined beyond repair on so many levels and housing is unfortunately just one piece of the puzzle!! Greetings from a much nicer part of Europe from someone who saw through it all on time😎

[@Dark_CovidianaDance]

on line Al ruined their own markets , the birth of bisness and the other indicative of atomic disruption.

[@MrRaianknight]

where are you?

[@wolfhugs2221]

My former employer brought someone in who'd been a landlord for 15 years. They were adamant they were a professional person. They'd had a couple of things go wrong and sold some of the properties, so accepted they needed to get a proper job. They lasted 5 weeks. Late for every work task, could never get hold of them. They quit, didn't return the phone or laptop. The boss had to go and collect from them. That's the mindset - lazy and entitled.

[@rick3719]

That’s one story of a landlord. I’m a landlord and I’m not lazy, you have to work very hard to buy additional properties

[@wolfhugs2221]

@@rick3719 it's still a mindset of entitlement to expect other people to pay the mortgage.

[@sirianofmorley]

Lol. I'm a Landlord and a Senior Director of a global company. That must make you lazier than me.

[@wolfhugs2221]

@@sirianofmorley but you have time to spend commenting on KZbin videos? Ever read the Panama Papers? Being a director of a global company can mean absolutely nothing in terms of working.

[@Matttski]

@@rick3719work hard? What exactly do you do that is so hard?

[@Mightypi]

Woooh some sizzle in this one. Im so glad these guys put so much work in for me.

[@pioneer7777777]

I think landlords should have to maintain licenses just like a restaurant, hotel or bar would. And if you get complaints about rent and conditions, your license can be revoked.

[@TwitchingBomb]

I find it funny (not in the literal sense) that every home owner in the UK has to put up with their mortgages going up and losing money, but not landlords - they are protected by us going to work so they don't have to. What protection does your average family have? The morals in this land are the most twisted in every aspect. Remember though, the landlords are our saviours!

[@SlapRoundTheChops]

They’ve created that business so that when the time comes to retire they can still top up their pension. If you don’t want to give money to a private landlord then give it to the council - if you can get them to give you a house they haven’t got

[@michaeldwatkins_]

He really is PoliticsJOE's Golden Boi because sweet christ, I'd not have been able to take them seriously. It's literally 200 yds from my workplace too, by the looks of it!

[@makeithappen109]

Poor landlords now will collect 30% more rent/ month, they really are the victims of this. Don't worry about the tenants who have to pay 30% higher rent and 100% higher energy bills, they are not victims at all, the tenants are not suffering here, only the landlords, can't find enough tissues to cry my eyes out for these landlords, especially the shameless ones who overpriced their apartments in the first place anyway. Do me a favour.....

[@JeremyCobb]

not one single one of them sees the connection between the cost of living crisis and them owning 20-200 properties.

[@actuallypaulstanley]

For those tenants paying their landlords mortgage and ancillary tenancy fees, they can clearly afford a mortgage, just not the overly large deposit nowadays. How many of these landlords built their ‘property portfolios’ from a 100+% mortgage, inheritance of a family property, or purchasing their council house at a reduced cost... Bring back council houses, owned and managed by councils. If the council sell any of their properties, they should have to build 1.5 as a replacement to maintain their housing stock, not portfolio, which would aid their increase their housing stock for an aging population.

[@Lib654]

and than every home owner will have huge council tax bill, because all of you will need replaced boilers, windows, kichens etc, for free, and we who own our own houses will have to subsidise this crap, no thank you, if you can not afford to buy your own, than there is a reason, and that reason is you!

[@jgdooley2003]

@@Lib654 An exception has to made for people with disabilities and other impediments to securing a full time and well paid job. Also there are many conditions in life which are now being viewed as not being the afflicted persons fault such as addictions and tendencies towards criminality. These conditions reduce the chance of these people being able to get a fulltime well paid job over the long term, essential for getting a mortgage and a house. Keeping a person in jail runs to a very large annual sum, in Ireland it is currently €70,000 per annum. This is why governments spend money on housing and rehabilitating people and housing people who cannot house themselves for various reasons. It keeps crime down, reduces desperation and mental health issues and alleviates potential bad health outcomes which could swamp the health care sectors, social care sectors and the prison service, all of which have to paid out of the public purse.

[@parametr]

2 solutions: - Housing becomes reguulated, with max buy and max rent prices set by governments - The government builds a million houses, rents them cheap and doesn't allow them to be ever be sold Either "landord" as a profession dissapears or we accept we are plebs. No other options.

[@beazuzmcceasar22]

Also cap to 1 house per family

[@parametr]

@@beazuzmcceasar22 yep. My favourite is something like: - 2nd house, OWNER taxed at 5x council tax - 3rd house, OWNER taxed at 10x council tax If it's a company... make it 20x, 30x, 40x, ... If it's a foreign company... make it 40x, 60x, 80x, ... Whatever the numbers need to be to make it really really hurt. Extract money from rich people and foreign VC funds. Properly "encourage" them to sell.

[@beazuzmcceasar22]

@parametr ideal I agree. But of course thus won't happen because most MPs in govt whether Labour or Tory are landlords with med to large portfolios.

[@computergig3622]

Around 70% of Central London properties are owned by foreigners and most of it is for renting 😊

[@leonardo54465]

I must say that consulting a financial professional can actually help you get ready for life's financial challenges. I semi-retired this year at the age of 34. And the fact that I was actively cashing out from my portfolio and finally made over 270k in the first quarter was only made possible by my coach, Joseph Sylvan Anderson. I can work and invest while continuing to pursue my passions, giving me the best of both worlds.

[@Hollowsmith418]

The most crucial factor is making investments of some kind. With someone like Joseph Sylvan Anderson in your corner, who is a finance professional and has extensive knowledge of the financial market, you can achieve financial independence and lead a great lifestyle (that costs over $40,000 per year).

[@Madisynmueller]

Since my divorce, I've been having financial difficulties, and when I Googled his name, I only just learned about his impressive resume. Today, I consider myself lucky.

[@FlorianWerfel324]

The Recession is currently the "most likely outcome for the economy" due to inflation being at a four-decade high, and I can't imagine becoming a victim of circumstances. Holding it any longer won't be beneficial because my portfolio suffered a serious loss. I've heard of some people who have taken in hundreds of thousands during this red season. How do I make this guarantee?

[@leonardo54465]

Sanctuary Wealth is concerned that they will lose a significant portion of the capital they manage because the markets are predicted to decline. Telling a happy tale will encourage customers to stay. No one wants to lose money, so when the markets turn around, their money is almost certain to stay with them until the downturn is over, however long that may be. As a result, it is always advisable to approach a situation with all the information possible. When Joseph Sylvan Anderson assumed control of my portfolio, my success story really got going.

[@AA-hg5fk]

The guy saying that landlords are like the volunteer boat crews at Dunkirk - I've never heard such a terrible analogy in my life!

[@kb4903]

Landlords don’t give a shot about most people. They would charge the soldiers at Dunkirk.

[@shaiyanomamo3705]

He really thought he did something there.

[@salkoharper2908]

Lanlords would be asking the soldiers for proof of income, how much salary they earn, whether they have a partner that works or not, whether they have children. Then maybe if they were on over 40K a year they would allow 2 or 3 soldiers on their boat.

[@kushboparai9946]

A landlord is just another business owner, there is no reason why they shouldnt charge market rates for rent, dependent on demand and minimum service levels in accordance with govt regulation. The real problem is people in power that are limiting housing supply and keeping house prices and rents high.

[@ShayKMBR]

US here. I'm glad to know there are some states at least *attempting* to pass laws that any owner that has more than 100 properties must sell the excess. I believe MAX for any building (business or residential) should be $1/sq ft and $1k/acre - the average size of a prison cell (50 sq ft.) So a 1500 sq ft home on half an acre should never cost more than $1,950/month and taxes should reflect that (1 months worth of rent/mortgage at the same rate) MAX. Some locations would drop in price significantly while other areas would possibly rise. Either way - we have got to cut the cost of living.

[@David-bi6lf]

All investments have to have that big disclaimer at the bottom about the possibility of loosing all your money. Why should using property as an investment be any different. If the greedy gits want no risk put your money in a savings account.

[@lloydjones7925]

You are absolutely right. Even property investment comes with risks and some who have over extended will be burned. Many will sell because they have to, whilst other may very well choose a saving account now there is a saving rate above 0.1% Sadly without greater supply of newly built homes (social housing or private) a reducing rentals market will not help matters as the same tenants will be chasing a smaller supply of rented homes, causing rents to rise due to demand. A silver lining exists for first time buyers, who will be getting the first significant savings interest on deposit money in years along with a decrease in prices that will likely continue for a significant time.

[@mididoctors]

Passive income needs to be taxed out of existence

[@blurtam188]

Being a landlord is far from passive - and it is taxed. Derp

[@leedowner2249]

@blurtam188 you buy an asset and its value goes up while you receive passive income Can't lose

[@leedowner2249]

@@blurtam188 better than the stock market

[@youtubeman5033]

They think landlords make pots of money, I work my arse off under floors, under sinks unblocking toilets and drains I’ve been in a loft today coughing my guts up doing a rewire , and some of my properties I only make £80 a week which isn’t a lot when you only have one but when you have 20 it mounts up, I haven’t put any of my rents up because my tenants are a good bunch and they are feeling the cash crisis just like us, I class some of them as friends and I have never evicted one ever, there are some bad landlords but I hope I’m not one of them,

[@knappster1754]

The solutions are quite simple, but are challenging to execute. Build way more houses, flats, places for people to live. Do that until houses are roughly 6x the average salary, as it was for roughly 100 years in the UK. Strict enforcement of rules on both landlords and tenants. This shouldn't affect good landlords or tenants. However the bad ones are getting away with murder.

[@_Information_]

Alongside that - Get decent engineers, designers and builders to create these new houses. The current new builds they are throwing up are trash.

[@davidquinn8914]

"We're providing property for people who can't afford to buy" - I dare say anyone who can afford to pay their own rent can afford to buy, and maybe even a lot of people who receive housing benefit. Why housing benefit can only be used to line the pockets of a landlord, and not help towards someone's personal mortgage is beyond me.

[@SilverMKI]

The house across the road from me which is exactly the same as mine is being rented for more than twice my mortgage payment.

[@BenP-ez8ed]

Not always the case. Rent for my house: £1200-1400 pm depending on condition Purchase price 350k. 35k deposit needed and mortgage nearly 2k pm. Tenant also doesn't pay repairs, replacements etc. New flat roof last year, new fridge, new bath, new shower last 12 months. Never has to worry about the cost of repair or call outs. In my opinion its the govs fault and it's crazy people have such hate towards each other all the time. Council houses should never have been sold, no family should be able to own more than 1 or 2 homes (not rentals), more houses should have been built. Mortgages should never have been allowed to go past 3 x earnings.