Just landlords explaining how to fix the housing crisis | Extreme Britain

There are 11 million private renters in England and if you polled all of them, I’m sure 100% would agree that it absolutely stinks.
A third of private renters household income goes on rent, which rises to 41% in London. That means that renters have barely enough for Adidas Sambas or Onlyfans.
Renters are five times more likely to experience financial hardship than homeowners and studies have shown that private renters actually age faster.
With 4.3 million missing homes in this country, the housing crisis needs radical action from everyone. Including landlords. Private renting is the second largest type of home occupation in this country so landlords house a tonne of people.
Ed Campbell wants to know what they’re doing to help out.
Reporter: Ed Campbell
Camera: Harry Ainsworth
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[@Aperki2010]

I actually agree with the bald man. We DO need more landlords. In fact, EVERYONE should be a landlord... we could call it... owning your own home?

[@jim-es8qk]

Historically, most people rented in this country. Home ownership is only a recent social intervention.

[@thomaswikstrand8397]

​@@jim-es8qk Your point being?

[@jonathanjonathan7386]

and if you dont want to buy or ur unable to? what then?

[@colonelcrackerz2320]

@@jim-es8qk what’s your point? Also thats not true, people have been building homes on their own land since before the Iron age. It was only with the development of government and tax systems that meant people started paying for the right to live

[@enemystand2981]

@@thomaswikstrand8397here, listen. I hate that you want an improvement in your country, and to have it as easy as at least the last generation. In fact, why stop at homes? We used to not have the NHS either, why don’t we go and scrap that to?! It’s a recent invention

[@muirislandjim453]

Social impacr? WTF. Landlords don't provide housing, house builders do. Landlords extract properties from the market.

[@ronaldchristenkkson]

And house builders build houses because they are confident they can sell to buyers, also known as landlords. How daft can you be?

[@mattyn870]

@@ronaldchristenkkson why cant they sell to families? They cant because Landlord price them out the market

[@bramvanduijn8086]

@@ronaldchristenkkson How does the landlord (i.e. a middleman) increase the house builder's confidence? Middlemen increase costs, by definition. Higher cost means less people can afford that house, means less demand.

[@segue2ant395]

​@@ronaldchristenkkson There's another type of person who used to buy houses, let me see if I can remember what they were called... homonus? Homo nurse? How mow knurrs? No, it's not that, but I'm getting close...

[@Daisy-tl2lh]

if you resent having to pay rent go buy your own house!

[@benhardy2225]

I actually snorted when the woman referred to a homeless charity as a ‘pressure group’ That is a WILD view on the world.

[@vexling111]

that's mad

[@alexwebster3895]

Almost every charity is a pressure group

[@vexling111]

@@alexwebster3895 elaborate

[@leonie7754]

She's only seeing it that way because the charity recognise her role as part of the problem. She is a 'have' who cares nothing for 'have nots' and sees the charity as a threatening force attempting to steal from her.

[@Mkundera]

Of course it's a pressure group. Even if you agree with their mission, that's what they are.

[@isolationnationn]

“Supplying/providing homes”… The home was already there, you didn’t build it. All you did was create a middleman that drives up the price to the would-be occupier?

[@vmoses1979]

Haha. Guess they could've bought the home and left it empty thus not providing a home for people.

[@mollymo6229]

@@vmoses1979property value would have fallen …someone could have been able to buy it and live in it

[@Grandude77]

​@@vmoses1979moron or troll?

[@fterimage]

​@@vmoses1979Or just not be allowed to purchase more housing than they need for the purpose of f-ing rent-seeking christ there's a lot of parasites in this comment section.

[@JP-hu8wi]

Yeah. Not letting people stay for free are they

[@Jon-xw9om]

Perhaps if we didn't elect so many Multi-Millionaire Landlords who are also part time MPs, then things might improve?

[@Ma55ey]

Yep, you can tell mp's don't sell used cars...

[@smokeydization]

Spot on

[@mikedudley4062]

Just basic ignorance of simple maths

[@AlexSavage]

Unlikely

[@jujutrini8412]

👏👏👏👏👏👏👏👏👏

[@Dantursi1]

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

[@Olsontim21]

The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

[@michaelschiemer3]

In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

[@SteveEstrada-js9nu]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

[@michaelschiemer3]

Annette Christine Conte is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@manfromwuhan714]

@@Olsontim21no you don’t lmao. Buy index funds. You don’t have to actively manage it

[@battmarn]

Landlords "provide" housing in the same way that ticket touts "provide" concert tickets

[@sirianofmorley]

What idea's do you have to restrict people's freedom?

[@NeonVisual]

Home scalpers

[@ONYX-365]

They're the Ticketmaster of homes 🤑

[@Grandude77]

Good analogy

[@juliewake4585]

Nice one.

[@lkhvw2042]

When your enemy is "shelter" you surely can't consider yourself the good guy 😂🙈

[@shellacandvinylarchive3370]

Landlords would generally have people believe that they 'provide housing' and that they have a mature, professional outlook. These are the same people (who are often 40-70 years of age) who effectively have their cars, holidays and designer clothes paid for by 20-40 year olds on low wages. Why don't the landlords go out and earn money, save it up and then buy the things they desire? If someone does not wish to own a sports car or go on a cruise, why should they have to foot the bill for someone else's? Social housing as well as limiting house purchases to one per person would solve a lot of problems.

[@ClimbingHeaven]

I mean this logic doesn't make that much sense. What if a person needs 2 accommodations for work purpose or family. They wouldn't be able to rent from anyone due to the 1 home per person rule. It would create more problems then it solve. I would agree maybe increase the tax for housing but if i am being honest that would increase rent prices further. The only way is for the government to build more housing. And i mean Landlords are not evil. They did save up and buy things that they desire which is property. That twisted logic could be used on renters. The answer is the same. It is hard to save enough money for the down payment of a home. But you are not facing the bill for someone else. You are getting accommodation out of it. There is a difference between the fact that there is a lack of housing and the problem is landlords. People just want to blame everything on someone instead of accepting there is a problem and it happened because of bad policy changes that THE POPULATION voted on. There is a reason why countries like China has so much excess housing even though house prices are 50% more expensive then the UK rent prices are 400% CHEAPER. It is because the government actually invest in housing instead of shifting the blame to other people to save money.

[@user-ry6jj6kx2s]

​@@ClimbingHeavena landlord does not need 50 houses to rent out at the highest possible rent to people unable to buy their own house because they are having to pay 70% of their monthly income on their rent each month. We need rent caps.

[@RheeasDomain]

I think the video, although not articulated well to express it, is about people with a lot of speculative power purchasing houses as a Portfolio exercise vs providing equitable housing. There are real issues with comoanies doing that. Or with leaseholds, an absolute nightmare right now that should not be allowed by legislation except in 0.01% of all cases. I'd say it's looking at the cases that afford to go higher than 5 properties and continue (depending on size and location).

[@anabrasilsoares]

They did save their money that’s how they became landlords in the first place

[@3rodox]

Probably best for my blood pressure that I don't watch this.

[@tf2368]

Yes meanwhile you probably bank with Lloyds who are buying thousands of properties, but target the middle clases

[@Mimicry161]

Yup, had to mute it.

[@potato1084]

@@tf2368Lloyds owns almost every uk bank so there’s no choice

[@danbee415]

dw youre too acquiesant to do anything about it. i just say fair play to these landlords. the common person is too feckless to do anything.

[@tf2368]

@@potato1084 no they don’t

[@Relisysification]

I can't believe the woman who went for Shelter who are a noble charity that provides services free across the country for homelessness, eviction, and financial problems. They have lawyers at every court to represent those who can't afford support in hearings of litigations (mortgage or rental) Calling them a pressure group shows such a lack of humanity

[@Wendingle]

Not that hard to believe though is it. They're parasites.

[@oldmanheats8087]

I disagree with most comments on this thread but yeah you are right on the money here, she really is a piece of work

[@TheYorkshirePixel]

This comment should be higher up !

[@TheAndywooller]

When a previous landlord didn't return my deposit because the house was "dirty" when we left even though we paid for a professional cleaner to spend 4 hours cleaning. It was shelter that helped me understand my landlord wasn't protecting my deposit as required by law. They provided free advice and even templates of letters to send. This lady thinks they do nothing because she is not in the position of someone renting. She is literally blind to the perspective of someone renting which makes me worried for her tenants!

[@randomblogger2474]

they have no humanity, they are in it for one thing and one thing only, COLD HARD CASH...

[@Wildcamp-lifestyle]

Landlord “It’s a good way of providing social impact by providing homes” No, mate. The builder provided the home when he built it back in 1935. What you’re doing is charging someone 75 percent of their monthly income for essentially doing nothing. A lorry driver transports things, a bricklayer builds walls, what does the landlord do? Makes money on the exchange. Basically, a wealth consumer that produces nothing. No different from a person sitting on benefits living off the tax payer.

[@davidrutter3192]

I call them leaches,parasites etc

[@Mattysworld1]

I don’t really understand - without landlords there’s no housing for people no? Or should the government own all the property and rent it out instead? What system are you proposing instead of having landlords?

[@Wildcamp-lifestyle]

@@Mattysworld1”Without landlords there would be no housing” Where did the houses come from? They were built by builders and sold to home owners. Landlords did not build houses, they simply bought houses and then charged people to live in them. Most where privately owned at some point. If you forced all landlords to sell tomorrow, what do you think would happen to house prices? If the market was flooded with houses for sale, supply/demand dynamics would cause the prices to plummet to prices people could afford to buy.

[@jamisojo]

If you pay 75% of your income on housing, you are being foolish. Nobody forced you to live there.

[@asimgxoxo]

If it's so easy to purchase a property than why not everyone buy it instead of paying rent? Landlords are entitled to charge rent on their investment..​@@Wildcamp-lifestyle

[@simonlee6688]

60% of the landlords I've ever had, have not maintained their properties.

[@naniyotaka]

Same experience and they all believe they do lmao.

[@SiMe-ht3pm]

Is this "60" figure upside down?

[@a.m.gnovember151]

Lucky

[@STOP_red_light]

All my previous landlords have done the bare minimum. In one a ceiling collapse was left for five months and was only fixed after we put up the Christmas tree upside down in the hole so it appeared to be sprouting out of it. The botch job done by the landlord was dreadful and the poor plasterer they brought in to plaster over the boards they put up was appalled. The telling thing was the landlord's adult son came with them to put up the plaster boards and said that if it was his house they'd take down the whole ceiling and do the lot only to be given a look by their parent which said "I know but this is only a property I rent out".

[@gameloser2893]

100% for me

[@Lee-bv6iv]

They keep calling themselves housing providers? Are they building houses?

[@Godmil]

I prefer housing hoarders.

[@heckings]

Tesco doesn’t grow the food!

[@Godmil]

@@heckings No but they source the suppliers and distribute it to locations where we can collect it from. They're actually providing a service that wouldn't happen without them.

[@fullovstars9447]

They take a single house and make 25 bedsits? 😞

[@peter9162]

​@@heckingsTesco don't call themselves food growers or farmers. They're a supermarket. That's what they call themselves.

[@James_08_07]

She seems to think of herself as "providing" homes... but she's not building them, she's just preventing other people buying them.

[@a.brekkan4965]

If property is removed from the rental market, it means you have fewer rentals!

[@ursula662]

The interesting thing about renting a property from a landlord is that you become the primary provider in their family too!

[@tomjones8715]

Do you have any numbers on that ? You know ones that take into account interest rates and section 24?

[@jonathanrichardson1580]

Think you'll find there's a loophole for section 24 and if they're taxed on the gross rental income so what?! The amount they charge is well over and above any downsides, you think they do it for the good of mankind?! 😂

[@tomjones8715]

@@jonathanrichardson1580 man!!! Listen up! That’s why all the small landlords are selling up! When section 24 came in it was 80 percent small landlords… They are going… The banks pension funds and corporates are coming in! You try renting from a corporate landlord 😂 You just don’t see what they are doing and that’s deliberate! Small landlords will just invest in something else. Tenants are the ones that will suffer. Now shall we run some numbers and prove there’s no money in it with out incorporation ? Remember incorporation is only worth it if you have five plus properties.

[@oldmanheats8087]

@@jonathanrichardson1580I almost became a landlord last year and actually ran the numbers, 3.5k per month of income on a 4 bed flat in london and it would have cost money eg not profitable...

[@ricardoamendoeira3800]

​​@@oldmanheats8087 I bet you're ignoring the value of the equity, like most landlords love to do. Someone paying you rent that is below your monthly mortgage payment is only unprofitable if the rental income is lower than the maintenance costs and interest payments on the mortgage.

[@ajprop99]

My heart really bleeds for people extracting our wealth and providing nothing to society except increasing the cost of housing

[@Robert-cu9bm]

You choose to give it to them.

[@ajprop99]

@@Robert-cu9bm except we don't have a choice do we. It's rent or go homeless

[@Robert-cu9bm]

@@ajprop99 Stay living with parents, buy your own home, move in with friends, buy a camper van, buy a caravan, buy a boat. Lots of options just means a sacrifice.

[@SamBeck6090]

​@Robert-cu9bm oh yeah buy something to live in didnt think of that, only problem is with what money we are all skint, all the money is spent on rent and food. Also not everyone has friends and family that are willing to host someone or have enough room, most of them are probably renting anyway.

[@graemebarriball303]

Farmers and Tesco are extracting your wealth in exchange for food. You could grow your own but I assume you don’t. You could build your own house but you don’t, so you have to pay someone else to do the things you can’t do. It’s how economics works.

[@paddington420]

The problem with taxing landlords is you know exactly what they'll do, they'll just increase the rent

[@TimG-lq1pe]

Pretty much all tax increases applied to people who produce things or provide a service are passed on to the consumer in the form of price increases.

[@planetjason1]

So don't tax the landlord, cap the rent.

[@TimG-lq1pe]

@@planetjason1 why is price fixing your proposed solution? Prices are important pieces of info.

[@friendshipwhiskey155]

​@@TimG-lq1peit can be done dynamically. for example not higher that x% than the actual utility cost

[@donsolos]

​@@friendshipwhiskey155fixed prices housing has disastrous effects. Several big cities do it in america and it has the opposite effect you desire

[@cameronfateweaver2206]

Asking landlords how to fix the housing crisis is like asking foxes how to protect chickens.

[@TheSkunkyMonk]

This comment deserves an award

[@andrewpowers2904]

The housing crisis is not all down to Landlords, not enough houses have been built in the past and with hundred’s crossing the channel every day it will only get worse, because of incompetent politicians who are too soft.

[@TheSkunkyMonk]

@@andrewpowers2904 Nope only 90% of the problem is down to them, and they are the main cause of prices going up and up. Yet migration plays a small part but its mainly due to the way we allow people to purchase as many as they want instead of respecting that housing and homes are a limited resource.

[@andrewpowers2904]

@@TheSkunkyMonk you do realise the population is going up in this country, 745, 000 last year immigrants came to the uk, I think you’re a bit deluded. It’s obviously going to have a knock on effect to the people that live here, how is that only a small part of the effect, that like building two cities like size of Leicester to re home them,, when we have homeless people here already that need help.

[@TheSkunkyMonk]

@@andrewpowers2904do your research, its gone up this by around 4% and that has been going down this around 2010. Also look at how many properties we have that are empty for 6month or more....

[@sophieboyle4442]

Unless you are building the homes from scratch, you are NOT providing it.

[@DesperateDan3231]

What about the wrecked houses. The ones that are boarded up and have no kitchen or bathroom. Only an investor could bring that back to market.

[@clairecassey5880]

There needs to be the option for sole buyers to attain mortgages for those properties that covers estimated repair works rather than another property auction held in a stuffy conference hall at a mid-level hotel that only people with access to serious sums of money can pay up for. Housing as homes, not as portfolio pieces.

[@DesperateDan3231]

@@clairecassey5880 it's not realistic. The UK is a country of decripid old houses. It takes 6-12 months to completely gut an empty house and rebuild it, but only if know that you are doing. People don't have the time or skills to do that. If there were no property investors or landlords the housing market would shrink. If it became easier for people to buy and all landlords sold up, house prices would increase. Landlords are not the enemy, the lack of house building is.

[@UisgeBeathaMountain]

@@DesperateDan3231 Why not have a >100% mortgage then? I.e mortgage covers the house value + estimated repair value. You don't need to DIY it if you don't have the skills, there's plenty of professionals out there you can hire to do it.

[@DesperateDan3231]

@@UisgeBeathaMountain >100% mortgages would make it easier for people to buy, which would increases demand, which would increases house prices. The only solution is to build millions of new affordable homes. Something only a government can facilitate

[@CP-zu5pi]

The fact people accept it's OK to pay £650 for rent but get refused a £400 mortgage on the same property is amazing. The British public really enjoy being bled dry.

[@nicoanastasio3141]

NOT a landlord here but I can tell you that people need to learn how to play the capitalist game, the ones that do it make money via properties the ones that don't write comments on KZbin, bad as it is UK it's still a free country. your choice

[@Jamezontoast]

​@nicoanastasio3141 don't act like you are any different. If you understood the "capitalist game", you would recognise the austerity measures put in place that creates socioeconomic instability

[@John-ou4rm]

What's ridiculous is that it's just as hard to rent a place as it's to get a mortgage.

[@nicoanastasio3141]

@@John-ou4rm I agree with you on this one. Especially in London prices are increasingly higher and higher

[@nicoanastasio3141]

@@Jamezontoast what does not allow you to buy an house today?

[@WrenJeger]

The fact they think they're "providing homes" is beyond belief

[@muirislandjim453]

They lie to themselves. They exploit renters in Britain & lie to themselves, claiming they provide housing. Buy to let mortgages, multiple landlords are just glorified ticket touts but far worse.

[@Robert-cu9bm]

How are they not?... They have a hoover and providing it for a fee. You can choose to pay the fee and live in the house provided or not pay it and don't.

[@farleywilliams9851]

Agreed... Builders provide homes. Not landlords.

[@alanredpath8998]

@@Robert-cu9bmThe fee is the problem. You are paying for their property. Literally lifting their standard of living and even lifting them through the class system all by providing you a home. God bless these kind folks eh?

[@speng5821]

​@@Robert-cu9bm If there were no landlords buying up all the hoovers, then there people would actually be able to afford a hoover from the store. Landlords do not provide housing, they suck up supply. But you're right, just chose not to pay the fee and be homeless. Problem solved.

[@tman8897]

HMOs for professionals… once upon a time it was the entire house for professionals not a single bedroom. How the living standards in this country have fallen. The housing crisis is a crime. There should be no such thing as private renting

[@ClimbingHeaven]

I mean that is a wild statement. I don't mind if private renting should be abolished if it helps the wider economy which there is no proof that it does as i have seen no countries that does that currently unless maybe in a communist North Korea? but saying that the housing crisis is a crime is so insane. No one wants a "housing crisis" and it is not a crime like someone decided to do it. It happens due to a multitude of factors. It is like saying recession should be a crime. It doesn't make sense.

[@tman8897]

@@ClimbingHeaven Maybe it is a crazy thing to say but I can't help but feel that the decisions of those in positions of power have led to the catastrophe that is the housing crisis.

[@ClimbingHeaven]

@@tman8897 I mean i don't disagree that people in power has neglected the problem. But i don't think that means private renting is the problem. As i said there aren't a housing crisis in most countries. If the government spent some money in investing in apartments then it could greatly help with the high prices.

[@AndyLowe-net]

How long ago is 'once upon a time'? Most professionals who rent in a HMO are single people, not yet with partner or family. If you want to take a 5 bed HMO and say that each of those 5 people should have an entire house then you suddenly need 5 houses instead of one. 5 houses with a lot of empty rooms. And more maintenance costs, utilities and council tax etc for each person who may not be ready for such burdens. This is why people go to HMO because it's cheaper to just rent a single room and it's an efficient use of space which we badly need due to lack of housing stock

[@gm2407]

HMOs turning every room into a sublet, should be illegal. One victorian terrace over 2 floors shouldn't be 5 or 6 lettings. It is like battery hens.

[@garethwilkins7700]

I'm always so impressed by the way you guys manage to soften up these horrible people to get them to demonstrate just how awful they are by talking. Bravo 👏🏼

[@indiasinkwell4492]

The hatred for of all things Shelter is just bonkers.

[@guymankowski3358]

in a narcissists mind anything that doesn't support them is bad

[@markhanslip5155]

my jaw legit dropped at that part

[@chrismorrislupb6681]

Yeah when the first thing you can think of that's challenging your lifestyle is a charity, you gotta realise that maybe you're the bad guy

[@manjeetgill1]

​@@chrismorrislupb6681 Shelter have run a very aggressive anti-landlord campaign and partly this has led to the mess we are in no, as the government have gone after landlord in style over the last 5yrs. Hence shelter have a very bad name amongst landlords

[@uhoh2825]

@@manjeetgill1 ah yes, the tory governments greatest enemy…the property owning class

[@SlimesmoreUK]

They dont seem to understand if they say they are struggling then go onto to talk about how they are looking into purchasing more that it shows they are making money.

[@melissagola3786]

Also talking about struggling with money when they have a fucking ASSET of a house to sell if they were in dire straits. Yeah let me play the smallest violin for your "worries" Landlords are leeches. They're middle men that force themselves in between the builder and the families that want to live in a house

[@SlimesmoreUK]

@@melissagola3786 very god damn true, if they are struggling they have the ability to downsize and have quite a lot of cash

[@colincampbell4261]

No sympathy at all for landlords.

[@colincampbell4261]

They don't provide homes they exploit the otherwise homeless.

[@AlexSavage]

@@melissagola3786 what would happen if there were no landlords? You would then complain about the socialist government not giving you a house?

[@MrJpmcmenamin]

Interest rates go up = rent prices go up, Interest rates go down = rent prices go up

[@Paradroxialllll]

Hasn’t the interest rates dropped from 5.2 to 5.0? Yet at the end of the month my rent goes up £50 😂

[@Jacs.1638]

@@Paradroxialllllyou are stupid? Just because the interest rates go down it’s doesn’t mean the mortgage cost Per month magically drops. Cost of living and maintaining a property doesn’t all of a sudden drop either.

[@Imsohighrightnow2]

Interest rates stays the sams= rent prices go up

[@elcristoph7380]

@@Paradroxialllll because inflation hasn't dropped.. its rate of growth has just increased..

[@elcristoph7380]

because they're passing on 2 costs, cost of borrowing, and inflation..

[@Mackerdaymia]

Yeah to be fair it's kinda sad for the leeches too when they suck so much blood out of their host that their host dies.

[@indigowolf8712]

EXACTLY

[@AlexSavage]

Are you taking about humans as a species? I agree!

[@mikedudley4062]

I agree there are some really terrible tenants that don't deserve good accommodation

[@_KRYMZN_]

@@mikedudley4062 you’re a demented person. Do you think that some people deserve to live in poor conditions or be homeless?

[@simonhopkins3867]

There are lots of people I wouldn't want as neighbours. Let alone living in a house I hypothetically owned.

[@cupguin]

Best argument against landlords is just letting them talk...

[@supertenzzz]

So true, give them the silver spoon and they dig their hole

[@TalesOfWar]

Nice paraphrasing of Churchill on democracy. Just ask the public about it lol.

[@MintBlueJelly]

Ha, spot on!

[@ln5747]

Same with lifelong tenants

[@subroy7123]

@@ln5747 Nice tu quoque fallacy.

[@tonysilke]

Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?

[@Nernst96]

If the housing market takes a hit, it might lead to reduced consumer spending and overall economic instability. I advice you consult with a professional about your investment portfolio to enable you to take advantage of the downturns.

[@PhilipDunk]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@sattler96]

I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

[@sattler96]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@V43301]

Warren Buffet advises to keep 75% of your investment portfolio in cash in times of financial uncertainty. And if you're in the UK, then you can get some savings accounts with great interest rates, so maybe consider that?

[@hanszieten6288]

I prefer the honesty of my landlord. He has 15 properties, he rocks up in a £120k car, brags about how he skipped the waits for a health scan by paying £4K private the week before and then casually informs you that he is going to have to increase rent for the 4th time, not because of rising costs but because ‘all the other houses in the area are putting their prices up’ As he’s wandering around doing his inspection’ he will casually mention how bad this area is now days because of the (insert racism here) and moan how hard it is to get staff to work on his properties (on the cheap) as everyone is so workshy. He’s not pretending that he isn’t a fat parasite though.

[@hhjhj393]

He's got you by the balls and he knows it. He can shit on your table if he wants.

[@commercio3564]

Wow. Just wow.

[@user-hs4ei27]

I rented out my small flat, have been making loss for 2 years, costs are enormous, ground rent, service charges, mortgage, repairs... I couldn't get rid of this flat as the buyer's market is dead 😢

[@Dennis-xj8nh]

I don't understand how he is complaining so much, because it sounds like he is doing very well Good for him.

[@RobertMolnar-pi4ft]

The moment when they say"we lose money but i plan to have more" is absolutely amazing😂😂😂😂😂😂

[@rebeccarittenhouse2203]

Crazy how these landlords seem to think they are giving something away. When in reality they live off someone else’s labor. So a parasite.

[@tomtative]

A little harsh maybe? I mean they're not taking the money in exchange for nothing?

[@ekay4495]

Yes, exactly what they're doing. Either they take 30-50% of someone's wage as pure profit (UK has some of the worst housing conditions in the developed world) or their mortgage is being paid off by the renter@@tomtative

[@seekthetruthfindit6879]

Yeah, they didn't pay any money first. 🙄

[@PFB-yo6wi]

@@ekay4495 It's not even close to pure profit, and what bench marks are you using to claim the UK has some of the worst housing conditions in the developed world?

[@PFB-yo6wi]

Parasite? That is capitalism, whether you like it or not. Everyone is paying someone for the provision of something. Do you get food for free? Energy for free? If your parents left you a home, or you came by it through some other means, would you sell it, rent it or give it away for free? What would you do?

[@saulrosa2532]

"All the good lords" - 4:34 that slips shows how she views herself, as a lord.

[@Jon-hh3gz]

How many units can we get out of this house. Eugh. That right there tells you everything about these people. Human needs are irrelevant, only money matters.

[@alexc225]

Perhaps don’t rent a house share then surely?😂

[@sodium7127]

​@@alexc225that's not exactly a choice now is it nowadays

[@richsmart321]

"WONT SOMEONE PLEASE THINK OF THE POOR LANDLORDS?". My heart bleeds for them

[@anonomous8719]

Time to sell up and stop tenants renting

[@tmoosy]

​@@anonomous8719please do

[@carguyuk7525]

Buy your own house if you don't like it.

[@muirislandjim453]

@anonomous8719 That makes zero sense lol All that would do is increase the housing supply which then causes house prices to fall. Landlords provide housing the same way ticket touts provide entertainment.

[@muirislandjim453]

@carguyuk7525 Hahaha not sure if you're trolling or serious

[@NosterborSemaj]

"We're trying to provide homes for people" amounts to 'We're trying to stop people buying their own houses'

[@sirianofmorley]

How? Every house is for sale to everyone.

[@X4zerm4n]

@@sirianofmorley a house owned by a landlord is not available to buy. It’s available to *live in* but not buy. When you buy a house, the only money you’re losing is the interest on the mortgage, and repair costs. If you’re renting, you’re losing 100% of the money that goes to rent.

[@sirianofmorley]

@@X4zerm4n you also have no burden to pay any repair costs, stamp duties, solicitor fees or anything else related to owning. It looks really favourable for your argument when you either deliberately leave pieces or don't fully understand. Owning and renting a house work out roughly the same long term, what you are actually missing out on is capital growth of which will be snatched away from you by a care home in old age. Good luck to you though - hope it works out for you whatever your plan is or isn't.

[@X4zerm4n]

@@sirianofmorley so you agree with my point. They cost roughly same in the long run, just one nets you with an asset which can be sold later for cash.

[@sirianofmorley]

@@X4zerm4n that part is fine. But nobody is stopping you from buying a house - they are for sale to everyone.

[@jonathanrichardson1580]

They should make it illegal for these people to "subdivide" a house into 6 rooms and charge £700 per room. Utterly disgusting.

[@colleenjones9693]

I agree greed

[@marklewis3023]

Well that includes bills and if you haven't noticed they've gone absolutely mad in the last year as well as interest rates, my properties also include a cleaner. If that's too much and perhaps there's money to be saved by buying a property themselves, then there is no one stopping them. Oh yes that's right houses are expensive! Well it's not like the landlord has free cash they can throw at homing other people, whilst at the same time keeping their rent below the cost price. People need to be realistic, they seem to be looking for charity or social housing.

[@beemerdek]

Business.. I will earn as much money as possible from my 3 houses.

[@jonathanrichardson1580]

@marklewis3023 oh so you don't make any profit at all and DO do it for the sheer good of humanity without looking to make any passive income off of other people's hard work as the end result? You are such a Saint!! You have obviously no interest in how bloody hard it is for the majority of people to get on the ladder because of people like you buying up all the homes to rent them out to make a profit. "Buy a house themselves", YOU are the reason they can't!! Yes you!!!! But it's OK mate we all feel so sorry for you, our hearts bleed you must be losing all your money owning all these houses, how do you survive?!

[@marklewis3023]

@jonathanrichardson1580 There's no need to feel sorry for me, I'm not 1 of the landlords affected by section 24 who will slowly be going bankrupt. There are plenty of houses out there to buy right now, most landlords are selling rather than buying, so to say well there are no houses left is disingenuous. What you mean is that there are no houses within your price point, within the area you want to live. Move to Liverpool, buy 1 of the £1 houses and refurbish it. You then have a house, and you're on the property ladder. "Well I like living in London", I guess that means you pay rent until you die and it's a lifestyle choice that you make. I live in Wales and yet again plenty of affordable homes over here. And by the way. If someone is prepared to take a risk with their money, put in the blood, sweat and tears to better themselves and buy a property that they maintain and manage, then there is nothing wrong with making a profit. It's called capitalism and it's the system we all live under, I'm sure you don't work for free either.

[@ruairihair]

Ah yes the old evil bastards... Shelter :|

[@danbutcher443]

Pressure group.. not a charity... unbelievable

[@hephaestion12]

Hmmm shelter not a charity (but it is) but Eton now that is a charity (but it ought not to be).

[@DrJams]

Too many migrants you are competing with

[@time4advancement244]

Since you love Shelter so much, ask them to provide you with... Shelter :)

[@andre9095]

“We’re feeling the squeeze too” as if they aren’t the main cause.

[@nufcsam354]

When I used to live in Southend it was well known that there were 4 families that owned over 500 properties each. It is obscene and they control the market

[@lola1361]

so we need more houses, so that landlords can buy more houses so there are no houses again? Did I get it right?

[@franceslothian1319]

Exactly, it really annoys me when people say build more houses to fix the housing crisis. Yes there is a shortage of actual homes, but until we fix the private rented sector all you're doing is allowing the already wealthy to build their wealth.

[@elcristoph7380]

if a landlord buys a house and rents it, how have you lost the house exactly?

[@lola1361]

@@elcristoph7380 I didn't say that I lost houses. If you understand how landlords affect the market then I'm afraid there's no point in talking

[@GreyFoxNinjaFan]

A quarter of private renters are on housing benefit or universal credit. So the benefits system is being used to fund private landlords. Therefore private landlords are benefits scroungers (25% of the time anyway).

[@MeiinUK]

This is so bad...

[@pawelhyzopski6456]

Rates go up, rents go up. Rinse and repeat.

[@IshtarNike]

A landlord's definition of losing money is not making as much as they were before. So for a good chunk of these people when they say they're losing money they mean that they used to be able to make £8000 of pure profit. And now they can only make £6000 of pure profit. And to them that constitutes losing money every month lol.

[@Aloddff]

this

[@tatjanav9657]

actually, in the UK, you can loose money on a property. I am owning a house where I am living at the moment, but at some point I was considering to buy another and let this out, but when I did my numbers, it doesn't look that great, so I doubt that I will do that. Lets say, I would manage to let the house out for a £1000 per month, then I have to pay 40% tax on it, which will leave me £600 per month, then I need to pay mortgage for this house (at the moment I pay £500 a month with old interest rates of 2.5% and for residential mortgage), so I would substitute 500 out of 600, and I have only £100 per month, if mortgage rates will be higher when my fixed term ends (and they will be higher), then I am completely screwed! I don't know how some landlords can make any money at all! Teach me please if you know how they do that.

[@rickp2293]

Lol incorrect

[@sirianofmorley]

You have absolutely no idea how it works. You're blinded by the propaganda that is likely funded by the larger REITs to squeeze out small landlords.

[@fiddley]

@@tatjanav9657 I'm not an accountant and this is not financial advice but as a layperson, it seems to me you should set up a limited company to buy the house you want to rent out. Declare the mortgage and repairs as a business expense. You then will only pay tax on the profit from the rent after you've paid for mortgage/repairs etc, and that's at 19% corporation tax. Any rental income over that you choose to take out of the business you would declare as dividend which is taxed at a much lower rate than salary. And that's only if you choose to extract it. If you leave the money in the company, the company can invest it in a high interest savings account or stocks and shares and provide a bit of interest/dividend income too. I'm a renter myself but if I had the capital to buy a second home to rent out, this is what I think I would do. Accountants feel free to chime in on why this is a terrible idea 😆

[@jharwood9795]

Just went through rent re-negotiations with my landlord on my already expensive flatshare in London. They insisted on a rise not based on their costs going up, but actually on the fact that the London market has gone up by 6% in the last year (while also not sharing any of their research). How anyone can justify this never-ending upward spiral based on nothing but greed is beyond me.

[@ronaldchristenkkson]

Nobody is stopping you from leaving.

[@David-bi6lf]

@@ronaldchristenkkson The response of a child.

[@AvocadoAfficionado]

Except silly insignificant things like your life or job. Are you a landlord bot? I've seen it all 😂

[@sdrawkcabUK]

Because they can.

[@Robert-cu9bm]

​@@David-bi6lf He's not wrong, you negotiate if you don't like the terms leave.

[@glowwurm9365]

It’s incredible hard being a landlord, they lose money every year on these properties. It’s purely their love of mankind that drives them to accumulate property so that they can subsidise the poorest in our society.

[@Gunjob-Gaming]

Housing providers hahah, the house was there for use before you bought and rented it out mate...

[@pete1942]

It was only available to buy though and not everyone wants to buy. When I was a student and for some years after I didn’t want to buy a house (Not that I could afford to) because I didn’t want to be tied down to a specific area. Rental accommodation is needed, just not with the associated price gouging that is the current norm.

[@imnottellingyoumyname3050]

- use your wealth to buy all the food in a supermarket - offer the food to hungry people for double the original price - "I'm a food provider"

[@369dabbler]

@@imnottellingyoumyname3050that’s an age old business plan… Amazon eBay full of shops who bought from wholesalers and sell to public… do you think everyone has to make something? 😮

[@369dabbler]

Lots of houses for sale, go and buy one

[@pete1942]

@@imnottellingyoumyname3050 That’s not really a fair comparison. Landlords do not own 100% of housing so not ‘all the food’ and to buy a house you need a deposit which not everyone can manage, so your supermarket would have to charge an entry fee on top of the cost of its products. The rental market is broken in that people are forced to rent instead of buying, but for some, rental properties are what they need. Fair rent and fair contracts are what’s needed.

[@aaron2571]

You don't "lose money" every month when you end up with a valuable asset at the end of your mortgage 🤷‍♀️

[@AvocadoAfficionado]

They're used to buying cheap and selling high, risk? luck? No they're just smart ones for finding the money trick! The concept of a stagnant asset and high interest is foreign to them.

[@danbutcher443]

One reform should be you are not allowed to have a mortgage on anything but the home you live in. At the very least the rent should be fixed at the price of the mortgage. Like previous poster said, the landlord gets the property at the end of the 25 year investment.

[@markwelch3564]

One idea that I found intriguing is extending right to buy to private rents If you've paid rent on a place for the required time, you have the same right to buy at a diacount as council tenants do

[@AlfieWoodland]

​@@markwelch3564 I worry this would motivate landlords to kick tenants out on a regular basis.

[@Bnnnnnnnnnnnnnnnnnnn578]

funny how these people never mention this

[@dhar6015]

I am a landlord. Fortunately, I do not have a mortgage on my property as it was inherited. I have not put the rent up, firstly because i dont need to cover a mortgage and secondly, I want to give my tenants the opportunity to save to buy there own home. I am blessed to be in the position I am in, and know that my uncle will be looking down on me proudly.

[@Anjalish_official]

Thank u ❤

[@jamesmacdonald1116]

I've personally got no issue with someone owning two properties and renting one out, in fact it's very common some people have a holiday let they use themselves from time to time. The issue is multi-million/billion pound developers hoovering up all available land, slapping flats down and renting them at prices a person who could afford a house outright could afford.

[@RightDenied]

Keyword being owning. Not mortgaged. Buy to let mortgages are a cancerous scheme for the banks greed.

[@ArmourGX]

We'll never reach a point where everyone can own their own property either. Landlords are required, but owning 5, 10, 50, 100, 1000 properties like some do should not be allowed at all.

[@chrismoiser6477]

It's not just rich developers, many normal people go into the landlord game hoping for easy return on investment. It's not unusual for a private landlord to own 5 or 6 properties. Plus the rise of 'rent to rent' has made things even worse with greedy middlemen making a bundle letting out properties they don't even own.

[@Nun195]

@@ArmourGX”public housing”

[@RheeasDomain]

True. It's about people with a lot of speculative power purchasing houses as a Portfolio exercise vs providing equitable housing. There are real issues with companies doing that. Or with leaseholds, an absolute nightmare right now that should not be allowed by legislation except in 0.01% of all cases. I'd say it's looking at the cases that afford to go higher than 5-10 properties and continue (depending on size and location). If only one peraon having 5-10 properties max were the market's biggest issue!

[@macfrenzy6544]

Landlords provide absolutely nothing, they just hold property to ransom.

[@Robert-cu9bm]

Then don't rent from them. If no one is renting from them then the market value will go down.

[@ajprop99]

@@Robert-cu9bm you seem to be going around the comment section implying that people choose to rent. That is just complete bs

[@macfrenzy6544]

@@Robert-cu9bm are you dum? we all still live in the current system however much we'd like it to change.

[@ConfydeMusic]

@@Robert-cu9bm "dOn'T rEnT fRoM tHeM!!" Ahhh yes the entirely voluntary decision to be homeless instead of renting from a private landlord. Very few people are renting out of choice. It's because landlords exacerbated the inflation of the housing market that makes it impossible for us to buy whilst also taking a higher and higher percentage of our wages to pay for their mortgage, which means we'll never have one of our own. They, and the system that rewards them, are the problem.

[@Robert-cu9bm]

@@macfrenzy6544 🤣 If you're going to insult someone for being DUMB.. At least not look dumb by not being able to spell simple words.

[@face2lune]

"Fixing the housing crisis requires a multifaceted approach! In addition to policy changes and affordable housing initiatives, individuals can take control of their financial future by investing in the financial market. By diversifying income streams through smart investments, we can reduce reliance on rental income and create a more sustainable housing market. Let's empower individuals to build wealth, achieve financial stability, and create a brighter future for all!"

[@coolben854]

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks..

[@rougeur]

I keep wondering how people earn money in financial markets, i tried trading on my own made a huge loss and now I'm scared of investing more…

[@face2lune]

@@rougeur Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances….

[@rougeur]

@@face2lune I want to play the long term game with well diversified fund. Please how can i reach this CFP of yours?

[@face2lune]

@@rougeur I get guidance from *Susan Tori Davis* Most likely, the internet should have her basic info..

[@finenebula]

1. Landlord are not trying to "do the right thing". Landlords are trying to make money. They couldn't care less if a tenant died. They would just want to know from the family how long it will take to clear his stuff out because they want to rent to another tenant to fill their properties. 2. The are not "housing providers". If they didn't have those houses then the government would have them for people. They didn't build them off their own back. 3. One house is enough. Greed Greed Greed. I am glad the Gov has reduced their profits.

[@a.brekkan4965]

Tell me how much time and money you spend on helping others every month! I am truly curious!

[@chinesewhispers1]

Interesting how many landlords believe people having somewhere to live is an industry and not somewhere to live. Shows how low they have fallen. Next they'll be blaming charities like Shelter for reducing their profits. Wait, someone actually blamed Shelter.

[@alexc225]

But having somewhere to live literally is part of an industry: the housing industry(?)

[@Lord_Falcon]

I'm a landlord in London and charge 30% below market rent, other landlords hate me because I'm lowering the average in a few areas (2 in Whitechapel, 2 in Pimlico, 1 in Farringdon and 3 in Bermondsey). It's probably actually 40% now since I haven't raised prices in the last 5 years and don't check the market often but I don't want to raise anyway. I'm making a bit from each property and because my tenants obviously won't get cheaper and I let them decorate how they like they stay for a really long time. The only reason I got into it was to try and help normal people so I thought what better way than to give someone that can't afford to buy a chunk of extra cash each month because their rent is WAY cheaper than everywhere else in the area. I've got a few nurses and teachers for example that can only afford to live near their workplace because they're renting from me. I haven't been able to get either of the other two landlords I know to rent at reasonable prices though. Wish more would so prices started coming down overall because I actually like this country so don't want ALL the property to be owned by giant corporates or foreign investors.

[@UneducatedGeologist]

Thank you. I did the same in my area. At one time I had 8 rentals all 20%-40% below market. Allowed most to have a stay at home mom. It was incredibly satisfying providing affordable housing in an affluent area.

[@Lord_Falcon]

@@UneducatedGeologist Nice. Hopefully there will be more of us over time. I think trying to convince boomer landlords isn't worth it at this point. Most are either incredibly selfish or highly leveraged so can't afford to lower rents or they'll start missing mortgage payments. Better to focus on millennials that are doing better than most and might be in line for some inheritance. They're much more open to being reasonable for the better of society.

[@xrayfish2020]

Crisis a charity helped me back into a place until I was able to be rehoused back onto social housing 6 years later.

the same guy that mentioned social impact said that landlords shouldn't help to alleviate the housing crisis. The truth is that the UK needs more non-market/non-profit housing, and not these clowns.

[@maxthelab8457]

50 years ago the GOVERNMENT took a fair degree of responsibility for housing the nation - and thus there was PLENTY of social housing available. Today the Government has totally washed their hands of that social responsibility ( and flogged most of what social housing we did have off which is now mostly in the hands of private foreign landlords ) and thus private rentals have become the norn. And it's VERY lucrative, especially for foreign landlords that don't pay tax in the UK.

[@thomaspowell2043]

Around 40% of landlords don't have a mortgage on their rental property. Why have 100% of landlords put rent up for their tenants?

[@Hollowtriangles]

That’s my landlord. Rent up 22.5% per month this year. Property bought in cash 8 years ago. Scum

[@TalesOfWar]

They'll use bullshit like "the local market rate went up x amount. So your rent is".

[@patrickhoneyman9019]

​@@HollowtrianglesThat's a pretty steep increase. Are you looking at other options in that case? The increase is above the market rate so you could argue that its not compliant with your tenancy contract if its not detailed in there.

[@station-7]

Because they can. They’re in it because it’s easy money. Not that they’ll admit it.

[@danielbillingsley8073]

With the man in the red coat, thats typical. He earned A LOT of money through his job, and could enjoy an early retirement. He then earned A LOT MORE money becoming a landlord. And then his only regret is not making EVEN MORE money mortgaging rather than renting. Id love for these landlords to speak to rough sleepers, homeless families, young people like me (27) who have never been close to being able to afford their 1st home, and people like my friend forced into a caravan in a lay-by by multiple greedy landlords. Maybe then they would understand financial hardship isnt just missing a holiday to the Bahamas, having fewer 'assets' and having less than £100,000 in the bank...

[@maria8809ttt]

Gary's economics. A brilliant platform.

[@TalesOfWar]

He's a boomer, what do you expect? The generation that got, got, got that whines about the generations that "want, want, want".

[@powpow8869]

Totally agree. But... At the same time, do we really want to ban the right to own more property that you can legally afford? Well, actually, come to think of it, wouldn't rationing make sense? They did it with toilet paper ffs! Just getting flashbacks to when my landlord charged £30 to clean an already clean microwave that would cost less fo buy new and also charge me for the water damage caused by the faulty pipes. Was moving to the other side of the country so couldn't properly fight my corner. Evil bastard.

[@maria8809ttt]

If government built lots of social housing and competed with low rents, alot of landlords would loose their tenants. It would make the benafits paid to landlords cheaper for the government. Government are always looking for savings. That's a long term one. ​@@powpow8869

[@tommattheopoulos163]

And who's fault is it that they are in financial difficulties?

[@hatsapp9503]

I'm favoured, $50K every week! I can now give back to the locals in my communitv and also support God's work and the church.God bless America

[@ralucaapostol4652]

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

[@hatsapp9503]

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some professional advice.

[@hatsapp9503]

Thanks to Mrs Deborah Davis.

[@hatsapp9503]

She's a licensed broker here in the states

[@bradleywellington8624]

YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

[@LuftWaffle89]

Landlords should fully pay their mortgages first before retenting out their properties. I do not understand why renters should pay for their mortgages

[@m_b4]

*and Taxpayers, plently of landlords rent to Councils.

[@jim-es8qk]

Renters pay market value rent. If rents are high its because their are not enough rental properties in the market

[@tmoosy]

​@@jim-es8qkno shit, a lack of houses being built and all spare accommodation being milked for some wanker's passive income leads to this sort of thing

[@Robert-cu9bm]

Either easy your paying for it. You don't have to, buy your own

[@davidbrayshaw3529]

Landlords offer a product that consumers are either willing to take or not to take. The competition amongst landlords is considerable. How they manage their finances is irrelevant. Would you not buy a Toyota because of the company's debt? Product and price. That's all that counts. If you want the price to go down, lower demand. If you want less demand, lower immigration. England's landlord's biggest fault is that they've been pro immigration for the last 40 years, and they knew exactly how to capitalise on it, too. They convinced the left that immigration was good.

[@TSINIproductions]

If you buy a house, and have someone else pay 80% of its value, you’re not a landlord, you’re a scrounger getting a free house.

[@cidercik]

Exactly!!!!!

[@pete1942]

Out of interest, what percentage of a property’s value do you think is acceptable for rent? Not everyone wants to buy so sone rental properties are necessary but it wouldn’t be reasonable to expect to pay zero rent. I don’t have an answer to this question myself, just curious if you do?

[@thomaswikstrand8397]

​@@pete1942Zero. Rentals should be publicly owned - not a penny should be pilfered off as profit.

[@pete1942]

@@thomaswikstrand8397 But zero percent would be zero rent. No council will hand out homes for free.

[@TSINIproductions]

If you asked for an 80% investment in your business, the shareholders would expect 80% of the value of that business if it was sold on. If you put down a 20% deposit, and someone else pays the mortgage for X years, then when you sell that house, why don’t they own the percentage of it that they paid for? Because it’s a scam.

[@carolined5923]

In some european countries it is not allowed by law to make a profit from a flat, the rental or maintenance costs nor energy costs and the flats are owned by a large company or group, the flats are for dwelling in not making a profit because its seen as a human need, rent is kept to a minimum amount to support this.. the flats are always rented and stay under the ownership of the large company/ group never sold individually. Energy prices are also capped to support the tenants. While this setup may not give direct access someone wanting to get on the property ladder it does allow for people to live comfortably and to save for a house. It supports the many who are not rich.

[@dannygray4618]

I respect your patience in not asking the guy who says he's a "Housing Provider" whether he's built any houses.

[@brianferguson7840]

All those people who claim that they can't afford to buy a house are talking rubbish ! Of course you can buy a house ! But, for someone else, not for yourself obviously 😢😢

[@TheSkunkyMonk]

well yeah! Our government is happy to help people with rent so that cash goes off into private hands but helping people buy there own lol.

[@mogznwaz]

Small landlords are probably suffering - big ones with lots of properties won’t have a problem, they already work the system. What should NOT be allowed is foreign ownership of properties in Britain to rent out.

[@Ratgibbon]

If landlors can't afford to pay the mortgage of their properties and they're feeling the squeeze, maybe they should stop buying avocado flats and caramel latte bungalows all the time.

[@actuallypaulstanley]

Funny how these house stealers claim they are providing a social service, when what they do is raise house prices, create HMO’s. I do not wish to prevent people becoming financially independent, just not on the back of those people competing to purchase their own home… They own the asset and have their tenants pay their mortgage?! Absolutely ignorant people.

[@AlexSavage]

This only happens due to the excessive demand. If the government would have met it's house building targets we wouldn't be in this situation..

[@mollymo6229]

@@AlexSavage700k more people moved to the U.K. legally last year…however many houses are built up it won’t matter.

[@manhoosnick]

​@@mollymo6229 it would if we were to keep pace, don't forget that many have died since 1980s too and having motivated immigrants is a force.

[@tpower1912]

​@@manhoosnick Except they're not motivated. They're useless parasites and often just coming to be landlords themselves

[@chigwife862]

A landlord doesn't provide a house. The house was already there, available for someone to buy as a home. The landlord has stolen a home, and then rented it back for the same if not more than a mortgage would cost. They've provided absolutely nothing and deprived someone of owning a home.

[@Aloddff]

We should put people who willingly say they are going to let 15-50 properties in secure wards where they can’t hurt themselves or anyone else

[@eattherich9215]

😂😂😂 There must be a streak of madness in those people.

[@anonmouse15]

Or a coffin.

[@ericaceous1652]

3:55 Lol, lets rename ourselves so we don't sound as bad. Landlord sounds feudal - well pal, if the cap fits...

[@time4advancement244]

Who cares what you call us, we're still rich! Now pay up.

[@ryangrange938]

I prefer landbastads personally

[@ericaceous1652]

@@ryangrange938I prefer that too. Landbastards it is 👍

[@Karmic89]

Housing should have never been treated as a business. Housing is a basic requirement. Do all other businesses except this, all issues will be resolved. People are buying multiple properties just because they can and some with even good salary struggle to buy any property as prices are just insane.

[@wakingstate9]

Landlords don't seem to count the increase in house value as part of the equation

[@PubliusUSA]

Landlords steal the home equity of the working class. Having a nationalized mortgage bank that guarantees home ownership to all working class, would allow those forced to rent, due to unatainable private banking requirements, to build their own equity.

[@AlexSavage]

Try a communist country, you'll definitely get housed there..

[@tatjanav9657]

You idea is very interesting, however what will happen to immigrants who are new to the country, will they be allowed for a house with this nationalized mortgage? And what about 18 year olds who don't want to live with their perpents any more?

[@vmoses1979]

Absolutely a nationalized mortgage bank that is a monoploy is the right way to go. The government can print any amount of money needed to enable everyone with a job to own a home and build equity. And the interest paid can be used to fund the government.

[@AlexSavage]

@@vmoses1979 sound good, try China

[@vmoses1979]

@@AlexSavage Wankers never present a solution - they just wank away.

[@PianoDentist]

Tories are fond of tax cuts, justifying it by saying they want people to have more money in their pockets. Well, paying a landlord is antithetical to this vision, which also means less money to spend in the broader economy instead of what will likely become static capital in one persons (landlords) bank account.

[@evileye6432]

All the pressure groups like 1 charity

[@bobmac9627]

Shouldn't be able to own more than two houses...and right to buy should be ended. So sick of the greed associated with housing

[@IshtarNike]

Tenants feeling the squeeze: Might be evicted and made homeless Landlords feeling the squeeze: Losing money but still owning an incredibly valuable asset but being super upset because their EXTRA money is lower than it was.

[@AlexSavage]

I agree with your comment to a point but not all. Did you know that if a landlord has a bad tenant it can wipe out several years of profit? This is a business at the end of the day. If it's not profitable the landlord will be forced to sell possibly at a loss, the tenant will have to find another place at a higher rent as the housing stock will be less. Think about it..

[@mikedudley4062]

No they sell it reducing rental properties available and that's why you get 50 applications per property

[@catfitz1530]

@@mikedudley4062I’m curious about why you think that is the case? The property generally doesn’t vanish when sold. Either it is sold to another investor and is still available to rent, or even better, gets sold (cheaper?) to someone who wants to live in it as their home. Possibly moving someone from renting into home ownership. Why real estate speculation should be a protected form of investment is somewhat confusing.

[@mikedudley4062]

no, renters rarely buy because of a number of reasons. They don't want the responsibility and cost of buying They can't afford to buy or have bad credit history so no one will give them the money. Renting is largely temporary accommodation for people moving jobs or changing cities... So renters rarely buy. The property is lost to the rental sector, thus as a result there's an even bigger shortage of rental properties, making it harder to move, or change cities and leaving areas of the city without jobs filled and struggling economy. At the high of home ownership under Thatcher 68% of people owned, which means 32% never have, and never will. Yet the last time I relet a flat, 50 people wanted it.... That has trebled in the last 5 yrs, and with 700,000 immigration that's getting worse and worse. Shrinking rental properties and only 200,000 built due to "green policies"

[@TalesOfWar]

@@mikedudley4062 A LOT or landlords are now asking for credit ratings as part of their applications now and asking for a full year (sometimes more) rent up front. The difference between renting and buying is becoming more and more similar for a lot of people. Green policies also have fuck all to do with things, nor do immigrants. It's rich land and property owners being members of the government who want to do all they can to ensure their assets are worth as much a they can get for them, by lowering the supply of product to a market in VERY heavy demand. Blame the government for their lack of new building schemes and shitty regulations that perpetuate the issue. Not the people actually looking for somewhere to live.

[@Gph0367]

What would fix the housing crisis, is building a few million affordable homes

[@Tommyleini]

Only with some provision like you can only buy those homes if you don't own any property at all. Otherwise landlords will buy them and jack up the prices.

[@AvocadoAfficionado]

There are Tory MPs who legitimately think the crisis can be solved without building more houses.

[@Gph0367]

@@Tommyleini Absolutely. It means having a provision like that.

[@chatham43]

@Gph But not where you live..and that's the problem!

[@Zen-rd9np]

@@chatham43nah screw it my house price plummet if it means younger people can buy a house.

[@IbnShahid]

People feel uncomfortable talking about this particular aspect of the crisis, but I’m going to stick my neck out. I live in northern England where certain towns and cities have very large South Asian populations (largely, but not exclusively Muslim). Home ownership is a big thing in South Asian culture and owning several properties and being able to rent some of them out is seen as being VERY desirable. Remember, these Asian communities originate from a part of the world with no safety net whatsoever if you fall into poverty, so it’s regarded as hugely important to own your house(s) if at all possible. However, in a UK context, what this has led to is many newly affluent landlords of Asian origin housing tenants who are often poor, white and working class. There is already an undercurrent of tension between Asian and white people in parts of Britain, dating back decades, and when you add landlord/tenant conflict into the mix you understand how combustible this pre-existing tension can become. Some of these Asian landlords aren’t exactly sympathetic to their white tenants and don’t rush to make necessary repairs or improvements to their homes. In turn, the tenants become understandably angry and resentful. You don’t need to be a social scientist to see a whole load of problems coming down the track as a result.

[@a.brekkan4965]

I am sorry, your info is too sensitive to get any news coverage.

[@David-bi6lf]

"It gets a bit to difficult sometimes". There was me thinking going out to work like the majority was just like a stroll in the park.

[@IndySidhu88]

XD

[@Ignozi]

I could hear the world's smallest violin playing in the background as these interviews were happening.

[@sebfleebee]

"If labour win, it'll be a lot harder on us" - Great reason to vote labour

[@catherinemartin6258]

This is what’s wrong with our country too many greedy selfish landlords.

[@DrJams]

Too many migrants taking housing.

[@mikedudley4062]

The problem is too many people want to live a Free Life... 55% of people take more from the tax payer than they contribute.... If you did that in your own company you'd be losing money and go bankrupt.... Oh the country is, funny that 🤔

[@mikedudley4062]

What's wrong that ignorance is so prevalent from people that don't understand these things actually cost a lot of money and aren't free.... Buy your house, you pay the £3,500 for a new boiler and the annual £150 service, or the £30 a month for building insurance, what about a new bathroom and kitchen every 10 yrs at £12,000(cheap) or £1,200 a year and £100 a month, the trouble is because you've never had to pay the costs of repairs, so you have no idea of the real costs that aren't free

[@AlexSavage]

Comments like these are what's wrong with this country among others..😂

[@HorseSaddleRider]

I'd blame the banks who fund all this misery in the name of profit....

[@edmills9160]

People should only be able to own one home. The rest can be social housing.

[@harrismazari5484]

2. should be a limit of 2. If anyone who wants to own more than 2 should build new ones. So you can own 500 houses if you want but you will have to build 498 new ones.

[@manni192]

Why should the taxpayer subsidise social housing?

[@edmills9160]

@@manni192 yeah and why should the taxpayer subsidise health, or schools or any other social good

[@manni192]

@@edmills9160 so you think people should pay taxes to cover housing costs? What next govt pays your food bills? Work harder to earn more and you won't need to worry about social housing

[@edmills9160]

@@manni192 that's what the govt does through universal credit

[@jermunitz3020]

Landlord outbids some struggling young plebs at a house auction. They are 'providing' a home.

[@giansideros]

10:02 lmao 20% margin is an excellent take in any other sector, let alone 30%! These guys have it sweet. A 10% margin is typical elsewhere, you're raking it in at 20% like it's VAT.

[@chimpana]

Tbf that's an unusually high yield overall.

[@drakeybryter5997]

What we need to do is offer mortgages based on rental costs, so if you can afford the rent of - say - £1000 PM, you ought to be approved for a mortgage of say -£800 PPM And that paying rent on time should be part of your credit score.

[@Bruno-xb2mt]

I don’t think there’s anything wrong with having a portfolio of properties to rent out but charging high rents, having unreasonable rental terms and not keeping the condition of the property good is definitely wrong.

[@rebeccarittenhouse2203]

She really said they are giving homes to people that cant afford to buy. Insane when the tenants actually pay the mortgage, taxes, upkeep and the landlords salary. So that is obviously not the reason they aren’t buying homes.

[@PaulaXism]

My last private rental.. Monthly £175 (old poor quality house with zero mortgage against it).. It was rough.. It was cheap.. All's good. WE were free to look after houses. It was part of the "deal".. Look after the wreck and I'll keep your rents rock bottom.. Landlord retires and hands it over to his son. In 3 years rent increased to £575 a month.. Money spent by landlord on upgrades?.. £000.00 .. Little scumbag mortgaged it to the hilt and then made me pay his bloody mortgage plus 40% His father was a lovely man who used to turn up from time to time just for a chat in his 15 year old car.. Son turned up ONCE with an estate agent.. driving his new £350,000 Ferrari.... of course while he was showing the "valuation agent" around one of his tenants did something to his rich boys penis substitute.. We laughed.. There used to be a community of us skint people living in his street of old (1879) terraced houses.. Not any more.. Nobody who was there then lives there now and every 6 months there is a "to let" sign in the front yards

[@annb1855]

I thought about this too, because renting and mortgage amounts seem to be the same if not more for rent and even shared ownership where you pay some mortgage and some rent doesn't help the people financially because the monthly amount is the same or higher than paying a mortgage. Came to the conclusion that it's not about the monthly amount you pay for housing though it's about if or how much the banks are willing to lend you over the long term!

[@goych]

Of course nobody doesn’t talks about landlords not making money Because landlords are making money

[@davidbrayshaw3529]

Yeah, some are, for sure. Plenty aren't though, which is why there's so many rentals on the market.

[@goych]

@@davidbrayshaw3529the last time I checked houses make money just by being an appreciating asset So all landlords are making money Yeah sure some are really dumb financially and can’t actually really afford to be landlords So I’ll rephrase to, any landlord that has outright bought their property is making money, tenant or no tenant The sooner we eat these people the better

[@AlexSavage]

Try going on to a landlord's forum to see people that have had there houses wrecked and couldn't keep up with mortgage payments, couldn't get the leech tenants out because an error with the paperwork, 9 months later the tenants are still there... There is good and bad landlords and tenants, let's hope there's only a minority for both.

[@AlexSavage]

​@@goychdid you know if you get a bad tenant it could wipe out several years of profit? This is all taken into account when rents are set. If more house were being built prices wouldn't have appreciated this much, if immigration was lower, houses and rents wouldn't be as high, are you sure you are point your thinger in the right direction?

[@goych]

@@AlexSavage shut the fuck up dude, this has nothing to do with immigrants and everything to do with landlords being cunts Fuck….off

[@joedcruz5247]

Capital gains tax is a disincentive to selling a second home. Remove this taxation and I’d expect a big percentage of second home owners would sell , which would free up the market for buyers.

[@method2madness961]

Providing homes for those who can't afford to buy by renting for more than the monthly payments to buy. 😅

[@Silver-st2zq]

Exactly.

[@metalhead2550]

I reckon the woman railing on shelter is just annoyed that they keep sending her fundraising circulars!

[@AlexSavage]

Please prove her wrong and tell us what housing have shelter provided..

[@TheSkunkyMonk]

@@AlexSavage Got to agree most of our charities these days are worse than landlords, just look at how much cancer research spends on raising awareness and the salaries of the bosses and how much they put into real research, the amount they get is insane yet they dare look at possible cures. same as the housing problem. just make a 2 home limit and put all the other properties back into local council hands with the right buy.

[@n1luca277]

Everyone is hating on landlords here. I guarantee, you would not be complaining if you were on the landlord's side, making an income from it.

[@Demetriiuz]

The idea that they are "providing housing" is pretty shocking and shows just how out of touch they are. Unless they are building the houses, they already exist. Nothing extra is added

[@ChrisBetton]

I'm 32 and bought my first home at 24. One thing is for sure though: I couldn't have done it on my own. It relied on getting married at 21, living at home until that time (and even a year after getting married!) and pooling all our savings and income. One person can't save enough on their own for a deposit. It isn't possible. Stay at home, save up as best you can, get married, pool your resources, buy a crap starter house like we did, do it up and trade it in for a better one. It's worked for generations and largely still works even in this climate. Rent is a trap. Avoid it like the plague.

[@TalesOfWar]

With the events of the last couple of years that's become even further away for people than it already was thanks to the huge interest rates increase. Thanks, Liz!

[@willnestor6422]

and what for people who are single? Do they just live at home or rent forever? You should have to have 2 incomes to barely be able to afford a home. 70 years ago you could buy a house, car, have holidays and 3 kids and still live comfortably on one income so why should it be any different today.

[@TalesOfWar]

@@willnestor6422 You could do those things even as recently as the mid to late 90's.

[@macsmiffy2197]

My niece split from her husband, but couldn’t earn enough money to take on the mortgage of their home. Yet she’s had to find double the cost of that mortgage to pay rent for a lesser property. She would have paid that mortgage off by now. The system is very wrong.

[@MainlyHuman]

Imagine what would happen to the price of houses if all the landlords sold their excess properties.

[@paki20]

Have a look at dublin currently,

[@MainlyHuman]

@@paki20 is that really what happened there? Landlords divested themselves of their assets, and house prices somehow increased as a result of the oversupply?

[@paki20]

@@MainlyHuman it seems so, new landlords enter the market filling the void, the problem with that being property sales take a long time plus extra time for renovation work after that, so many properties are off the rental market for those reasons, Couple that with developers not being allowed to build and mass migration driving demand even harder

[@almostfamous1685]

One person that wins then will be companies like black rock mate

[@paki20]

@@almostfamous1685 the government makes the rules and they are incompetent unfortunately

[@danhunt3327]

It's amazing how they will talk themselves into looking terrible over and over again.