To the question "People want to own a home, but you're buying up all the houses", the guy responds "I'm not buying up all the houses, I'm just doing what I do and taking care of my family" - yes you are, by buying up an outsized share of scarce housing lol.
@paulgibbons232011 ай бұрын
Capitalism inspired narcism. As long as I'm alright jack. Fxxk everyone else. It's the mental illness which drives capitalist society. They don't respect you, they just want you to wake up and see the world the same as them.
@cadcad-jm3pf10 ай бұрын
So your solution is to blame the economic agent for doing what's good for them in a market economy? Rather than address the reason why the market doesn't properly react to more demand for housing by increasing supply? The USSR collapsed in 1991, you should have learned something by now, comrad.
@paulgibbons232010 ай бұрын
@@cadcad-jm3pf The market economy disproportionately favours property owners. So it's a valid complaint.
@cadcad-jm3pf10 ай бұрын
@@paulgibbons2320 It even more disproportionately favors business owners, especially so those who possess "means of production". Government interference, however, has historically been proven to be far worse than the issue itself. This whole line of thinking is akin to some Venezuelan dictators blaming their economic collapse on "speculators" who selfishly bought up all the bread in their country. Question is, if you are willing to take centralized control of the property market and to ration it, what else are you willing to ration?
@paulgibbons232010 ай бұрын
@@cadcad-jm3pf That's a perceptional game. In difficult times is rationing and moderation necessary? In war time for example. Would you discourage rationing then ? People do have to moderate and regulate people who put profit before people. It's becoming far far more necessary. The price of pharmaceutical drugs for example. They make things for penny's and charge national health service a scandalous disproportionate price. It's literally holding them to ransom. Capitalists refuse to moderate themselves. Shelter is a basic human need. These people can't go and build a shelter anywhere they want because people who existed before them put a fence around it. It's simply not right these people are aloud to exploit peoples human needs without moderation or restraint.
@grumpy8413 Жыл бұрын
My landlord bought 3 houses in my area 20 years ago. they cost less than £20,000 each. He never repairs the houses and they are falling apart. He told me he had to raise the rent by £200 a month just to cover the 5 recent interest rates. I worked out the amount he says he has to cover. This means he has mortgages of £80,000. He has 5 holidays a year and my house has rotting window frames, no gutter on half the house. Houses are homes and greed is pushing up house and rent prices. It must stop. Councils must compulsory purchases rental homes and keep rents down. In my area the DWP set a housing benefit cap at £480 PCM. The rent for the homes in this area are £650. How on earth can people find a home in they have to claim benefits.
@chriskaye1997 Жыл бұрын
Or here is an idea… MOVE OUT. Don’t like it? Then leave! You can find somewhere better for the same cost.
@grumpy8413 Жыл бұрын
@@chriskaye1997 That is impossible in my area. I am disabled, you may want to look at what I wrote again. In particular the last sentences.
@DK12_8 ай бұрын
People on Benefits can't be picky. You do less than average you should expect less than average.
@grumpy84138 ай бұрын
@@DK12_ What an arrogant ignorant reply. I am on benefits because I am retired and disabled. If you read what I wrote you may understand that the landlord is not running his business correctly. Houses must be maintained or they fall apart. People that are disabled have the right to a decent home. My home is well below average. All the soffits are rotten and falling off. The attic is full of birds.
@gerekgerek90428 ай бұрын
@@DK12_ Found the slumlord.
@TheGreatLeslieBand Жыл бұрын
The guy saying ‘were the bad guys now, landlords are the bad guys like bankers were the bad guys’. But BANKERS WERE THE BAD GUYS!! Stop treating property as investment! It’s a home, is a fucking right.
@TheTimeDetective426 ай бұрын
You don't have a right to a house without working for it mate. :/ That will involve putting a chain around other people.
@nax18075 ай бұрын
calm down robin hood, anything that can be bought can become an investment.
@clevergamer6704Ай бұрын
nothing is for free
@KageumiUmikage24 күн бұрын
@@TheTimeDetective42Nobody said that. You view this world from your for profit wicked heart. You've sold your soul
@abm67210 күн бұрын
It's not a right. If someone is working hard to buy properties & another person mismanage their money, the second person has no right to freebies. We shouldn't encourage economy that relies on gimme gimme attitude. Hard work & good money management should be encourage, not a world full of leeches
@doisenwadzinski61718 ай бұрын
Landlords are a leech on society. They destroy good first home's and turn them into 8 bedroom shoeboxes and destroy property values. My entire hometown is this. There are entire subdivisions in my town that are rentals or air BNB's. People are struggling to find affordable housing and what affordable housing they did make, it got taken up immediately because the demand is higher than the supply. When a single person owns multiple properties whilst there are those in society that don't have a roof over their head, then there is a systematic societal change that needs to happen. Most of these places are charging well over a grand a month for shitholes.
@SebAnders Жыл бұрын
Can someone explain how using a £39k student loan to buy a house isn't fraud?
@Grandpa_Grinch Жыл бұрын
I was wondering that & him promoting his story of how he done it will encourage others to get these loans to do what they want with the money
@NeonVisual Жыл бұрын
The real crime is putting students into £39k worth of debt for all jobs which require a degree, which these days is pretty much everything above retail.
@steelcitydomains2356 Жыл бұрын
He got it off family for the 1st one
@truth.speaker Жыл бұрын
Probably is. But if he repays, is it truly still fraud? Probably never going to get punished
@Robert-cu9bm Жыл бұрын
@@truth.speaker Yes, it's tax payers money to help people with living during their time at uni. Not to use it as a deposit for a house.
@RedRattt Жыл бұрын
"Landlords aren't the problem, the problem is there aren't any new homes being built." There can be several problems. If your house was on fire and someone was outside shooting at you with a machine gun you wouldn't say "The guy shooting at us isn't the problem, the house being on fire is the problem." We need more houses and less landlords.
@TheTimeDetective423 ай бұрын
Landlords build houses, not tenants. :/
@SGIQ7Ай бұрын
There are millions of people who cannot or choose not to buy I.e pensioners with limited income or casual workers who cannot comit to a location. if there are no landlords, where would they live?
@islandred21 күн бұрын
@@SGIQ7 You're assuming that attempts at reducing house prices wouldnt be made.
@lukebowler7946 Жыл бұрын
Imagine if people could buy all the water and electricity in the country and could rent it out for a profit...
@AP-di8sy Жыл бұрын
and the air.These are our basic needs, shelter included.
@AndriyValdensius-wi8gw11 ай бұрын
Air. Now why has nobody thought of that ? British Air. Easy payment. Pay monthly on a fixed term contract. OR you can have a meter fitted to your windpipe, pay as you breathe. Of course the Tories would soon sell British Air to Saudi, Kuwaiti and Qatari investors. There really is very little space remaining for satire these days.
@paulgibbons232011 ай бұрын
You think they have not thought about it? I'd bet a kidney they have thought about it. Surprised nobody has taken that on dragons den.
@AP-di8sy11 ай бұрын
We shouldn't give them the ideas!@@AndriyValdensius-wi8gw
@clifflewisjr523411 ай бұрын
It's coming now that you mentioned it. Some things are just not worth mentioning. You just blew it.
@seanrm Жыл бұрын
What happens when millions of renters reach retirement age and their state pension won't even cover their rent?
@nauxsi Жыл бұрын
Go to a country where it is cheaper to rent.
@catiq7246 Жыл бұрын
MassHomlesness explosion
@paulgibbons232011 ай бұрын
We are about to find that out. First generation renters are approaching retirement. It's going to be like the third world hits us.
@clifflewisjr523411 ай бұрын
It's already happening all over the country.
@biasilva600510 ай бұрын
My neighbour was in her late 60’s and autistic and was kicked out of the house she lived in for the last 15 years because the landlords decided to raise the rent and she refused because she couldn’t afford it. They got enforcement agents to put a paper saying so in her front door and she had to leave, get emergency temporary housing and leave all of her belongings behind as she wouldn’t have anywhere to put them or means to pay someone to transport so many things. It’s the last 15y of her life just taken away.
@jazy3091 Жыл бұрын
Oh dear, oh dear, "we need landlords because without them there will be no houses to live in"! How about we build more social housing eh? How about providing a good quality accommodation as a social right, and then when the market is freed of those who have no choice, the landlords can improve their houses to the point that they're a good deal to be paid for? We DO NOT NEED LANDLORDS! We need houses.
@rpospeedwagon Жыл бұрын
So are you paying $30,000 if your heating/AC system breaks tonight and needs replacing? Because as a renter you're not. Too bad if you own if though. Hope you brought your wallet.
@yekida9 ай бұрын
@@rpospeedwagon I've spent in total 2 years in rentals with shitty heating and no AC... oh and one with abestos in the roof we didn't know about... and ants... it may be arrogant of me to say but in a way, I feel I could manage
@95ellington7 ай бұрын
Sounds like you should be living in Eastern Europe.
@jazy30917 ай бұрын
@@yekida I "love" how landlords always bring this one little point of "sometimes things break and we have to buy new ones!!1!". As if renters wouldn't have savings IF we didn't pay majority of our salaries to the landlord. a £30,000 for a boiler is a lot, but if I owned my place I could easily take a loan and buy a good quality boiler that will serve me years instead of the cheapest that landlords always chose.
@svenerikmoeller88097 ай бұрын
Oh dear oh dear, by the sounds of it you want folks that work hard and contribute all their efforts so you can have free housing! By the way you do need landlords by the sound of it and since I am a landlord with three properties I really don’t need you of your types, why bother
@philiphawkins4684 Жыл бұрын
Council houses use to be where people rented if they couldn't afford a home, most of these were sold in the late 80s and 90s.
@Lee-ew8dw Жыл бұрын
This ^^^^! The Gov abandoned it's responsibility to provide social housing and passed it to the private sector. They sold the council housing and failed to reinvest and rebuild. Typical privatisation. I'm looking at you Tory boy !
@sutty85 Жыл бұрын
Half given away and half sold. Funny how noone mentions Toni Blair's open door policy back in the 90s. Added population has a hand in this too Something lefties Never want to admit.
7 ай бұрын
Council houses are supposed to be bought by the families originally. Not rented by landlords.
@Michelle_Schu-blacka Жыл бұрын
If you thought finding somewhere to live couldn't get more depressing, the social media kids are doing it now.
@anthonyharris2930 Жыл бұрын
It'll eventually be hard for anyone to buy a house and then the same evil landlords will be complaining their own kids can't afford a house. Karma will happen
@truth.speaker Жыл бұрын
In all fairness, it's easy to buy a house up North. I just got a flat for 44k It's in a nice area but needs absolutely everything cleaning up and redecorating If your deposit were 5 grand, could you afford a flat?
@Michelle_Schu-blacka Жыл бұрын
@@truth.speaker Not sure I'd get a mortgage, but I'd consider a move 'oop narth', in a decent area, for £44k
@truth.speaker Жыл бұрын
@@Michelle_Schu-blacka peruse Rightmove and speak with a mortgage advisor You may be surprised what's available I consider it prudent to buy a home now because they are still affordable. I think other people may catch on and start buying up North in coming years
@nyakwarObat Жыл бұрын
@@truth.speaker up north where exactly?
@wafflingmean4477 Жыл бұрын
Landlord: "If we all left the market, then there would be far less housing available." So he's threatening renters in general. He's saying that he'll keep his properties regardless even if he couldn't rent them, hence there being less houses if he left the market. If he sold it there would be the same amount of houses. I don't know if he realised he is saying "pay me money for a human right or I will force you onto the street". And he thinks he's the good guy. This is how far gone the rich are.
@nianix1141 Жыл бұрын
^ spotted the commie. 🎉🎉❤❤
@rpospeedwagon Жыл бұрын
You think landlords would "burn" their assets to spite the "poor?" You clearly don't understand how the world works.
@wafflingmean4477 Жыл бұрын
@@joshu1898 You'd be well within your rights to make that demand if I was rich, hoarding humanity's resources for myself out of greed. Unfortunately for both of us I'm not rich. Try knocking on Bezos' door. Or if you want a more manageable target, try a landlord who owns seven damn houses.
@prettykitty54168 ай бұрын
Well what are you gonna do? What are your other options? You either pay or go without. Everything works like this. You can’t afford food then you starve. You can’t afford gasoline then you walk. You can’t afford a car then you take the bus. You can’t afford a home then you rent or live in a tent. When you can’t afford something you simply go without. It’s sad but this is how it’s always been. Exactly who’s fault is it that you can’t afford something? We all out here struggling.
@nax18075 ай бұрын
@@prettykitty5416 well said, some people are quick to complain but slow to look within theirselves and make a change in their life for their life to change.
@Knightfelled2 ай бұрын
If landlords are petrified of renters having more rights yet perfectly okay robbing them blind and are now saying im selling they know exactly they were doing shady stuff. Plently of landlords are like i dont care if the doors are falling off. GIMME RENT! "YOULL GET YOUR RENT WHEN YOU FIX THIS DAMN DOOR" - SPIDERMAN
@alexanderevanska4274 Жыл бұрын
It's not time to get rid of landlords. It's time to get rid of greedy bastards that masquerade as landlords, that includes some corrupt councils.
@tgoddard1988 Жыл бұрын
Agreed! I think the council need to introduce rent controls! I’m living in a small 1 bed flat in a bad area, no where near town centre even, but my rent is £800 a month! And my landlords haven’t even put my rent up yet!
@wingaard Жыл бұрын
We should ban foreign landlords investing in the home market!
@rayosullivan4398 Жыл бұрын
This is not North Korea although not far off
@luc1f3r0_mf73 ай бұрын
@@wingaardThis
@TheWebstaff Жыл бұрын
"Not everyone can afford to own there home" Except renting is more expensive?...
@TwistyTrav Жыл бұрын
Yep. Not everyone can afford to own a home, because they're too busy struggling to get by paycheck to paycheck, since they're rent is so high & they're unable to save for a down payment. In reality, they could theoretically afford a mortgage in lieu of paying unaffordable rent.
@zhaw4821 Жыл бұрын
@@TwistyTrav Get another job... Or two
@paulgibbons232011 ай бұрын
Exactly. And they price fix specifically so you can't afford it and have to rent.
@paulgibbons232011 ай бұрын
@@zhaw4821 I did that. My landlord put rent up twice that year. Never again.
@npcrookeface10 ай бұрын
Exactly, and then at the end of the day, no matter how much you rent, you'll never own the place you've effectively paid for.
@jesusislord8895 Жыл бұрын
Most landlords don’t even do jobs on the homes and the tenants suffer, there is loads of bad landlord, if a landlord is keeping the property up to standard then they are a good landlord, it’s literally that simple
@RedRattt Жыл бұрын
Do you call yourself a landlord? No. I am a landlord but people judge me for being a landlord so I rebranded. Do you call yourself a nonce? No. I am a nonce but people judge you for being a nonce so I rebranded. I don't see much difference.
@morganoox3838 Жыл бұрын
Why can't anyone think about this? We DONT need more landlords. If we had less landlords we could BUY those homes the landlords wont be buying, and the cost to own the house will be LESS than the rent, because YOU DONT NEED TO MAKE PROFIT ON YOUR OWN HOUSE. Also, if you have a problem, you can fix it yourself, and not live in fear of being kicked out.
@Helmut-pdh10 ай бұрын
What keeps you from buying your own house, when you don’t need to make a profit on your investment? Only cheap talk no hard walk…
@liberalbias446210 ай бұрын
@@Helmut-pdhthe price is to high. Do you see the problem.
@Helmut-pdh10 ай бұрын
@@liberalbias4462 Why it is the landlords fault, that building new houses is expensive? Please explain. The land price of an empty field is very cheap.
@Wolfdude1239 ай бұрын
@@Helmut-pdhbecause when landlords buy houses this decreases the supply of houses, when there are less houses the prices go up because they are more rare just like diamonds vs pebbles, it is easy to find pebbles but diamonds are not easy to come by, so are more expensive
@Helmut-pdh9 ай бұрын
@@Wolfdude123 We should talk about building more houses, when we talk about supply!
@AP-di8sy Жыл бұрын
I was growing up in a country with no landlords at all and somehow everything was fine. Nobody needs landlords. People need affordable housing. I am exhausted of living in a city where everybody is so poor because all their salaries go towards rent. Nobody is creative anymore. People give up respectable professions and become stupid influencers in order to buy themselves a house. I can see so many homeless on the streets of London, people with mental condition, giving up on work completely because there is no hope anymore. I personally gave up full time employment and went on housing benefit because my soul was crushed by having to work hard for years just to pay rent and no matter how much I worked I couldn't catch up with the house prices. We keep loosing such professionals as teachers, nurses even doctors because the only profession which will give you some kind of quality life is being a landlord, banker, scammer or politician. If I have to work just to pay rent I would rather stay on benefits and build something on the side.
@snark5677 ай бұрын
People who say "just get a better job, no one owes you anything" are gonna be in for a surprise when all the nurses, doctors, teachers, etc. Quit so they can chase the scammer dream.
@iordanneDiogeneslucasАй бұрын
@@snark567plenty more immigrants where they came from
@danielkey1463 Жыл бұрын
We are already in a big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
@mariahhayes5089 Жыл бұрын
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as 'MARTHA ALONSO HARA" who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.
@greenquake11931 Жыл бұрын
@@mariahhayes5089I want to build a diversified portfolio based on my personal income. I am easily triggered/highly emotional, which could be detrimental to my portfolio. I hope I am a patient and systematic person. day trading is not for everyone and multiyear holding is not for everyone. I know my strengths that's why I need proper guidance to be able to venture.
@mariahhayes5089 Жыл бұрын
@@greenquake11931 I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is by reading, studying, being patient, and seeking guidance when necessary, due to my line of work I can’t handle my portfolio so I just copy the trades of my FA. I saw her on Bloomberg business news. It’s been smooth since then.
@greenquake11931 Жыл бұрын
@@mariahhayes5089 how can I reach this person because I am in need of a better investment approach.
@mariahhayes5089 Жыл бұрын
@@greenquake11931 'MARTHA ALONSO HARA"
@professionalgambler74 Жыл бұрын
Being a landlord is being a slave owner, no arguing that fact.
@pataleno Жыл бұрын
A professional gambler is a slave to the betting industry no different.
@professionalgambler74 Жыл бұрын
@@pataleno I'm really not. I don't need to pay the betting industry anything. I can bet with friends who are nothing to do with the industry. Not that I'm a professional gambler anymore anyway.
@pataleno Жыл бұрын
@@professionalgambler74 I guess gambling didn't pay you ? Mugs game even with Friends.
@professionalgambler74 Жыл бұрын
@@pataleno I made good money doing it but getting bets on was very difficult even with higher rollers out there it wasn't easy getting the bets on. I just lost interest rather than anything else.
@LucasBenjamin-hv7sk5 ай бұрын
The issue is that either the renter or the owner as landlords 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!
@CharlesArthur-fq5sx5 ай бұрын
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
@Franklin-gq4si5 ай бұрын
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
@williamDonaldson4325 ай бұрын
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.
@foreverlaura-fq4eu5 ай бұрын
@@williamDonaldson432 I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
@williamDonaldson4325 ай бұрын
Finding financial advisors like Annette Marie Holt who can help you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@mikecohen2400 Жыл бұрын
The problem in the UK is not landlords, it’s how home purchase loans are structured, 10% down and adjustable rate mortgages, insure instability in the housing market, contrast the U.S. where a home buyer can get a home loan with 3.5% down payment, with closing cost of about 3 to 3.5 % which the seller can pay, and a fixed rate for 30 years, which they can refinance any time the interest rate falls below their starting rate. Military veterans can buy with no money down and out of pocket cost of about $500.00 everything else can be paid by the seller. The UK system is broken because of the way you finance homes, add to that a planning system that makes it hard to build new homes.
@Mr.Edd3905 Жыл бұрын
AirBnB needs to be regulated
@BrokenSoldier1515 Жыл бұрын
Airbnb needs to be stopped 😡😡
@marklasy6209 Жыл бұрын
That’s what jealous people say
@cubey7 ай бұрын
@@marklasy6209 keep on 👢 👅
@nax18075 ай бұрын
@@BrokenSoldier1515 why?
@jacqueline562510 ай бұрын
We don't need more landlords and we don't need a profit motivated housing structure. We need more housing cooperatives and we need to remove the profit motive from housing. Full stop.
@clevergamer6704Ай бұрын
full stop? dream on..... if that's working then why so many landlords?
@islandred21 күн бұрын
@@clevergamer6704 Because housing prices are too high for normal people to buy. Only the rich can afford it, and they usually choose to buy another few to rent out.
@OLDCHEMIST1 Жыл бұрын
We rent and I accept and understand that the landlord is not a charity and is entitled to profit from it, but our property is in a poor state of repair and looks like something from the 1970s. Our rent was originally on the low side and so we didn't trouble them. The property was sold and the present landlord has put the rent up substantially so that the the rent is now close to the high end. I wonder how such people can sleep at night knowing that the people they are dealing with have to make serious cutbacks in their everyday lives, making it much more unlikely they will be able to afford any "luxury". Even having a very modest holiday becomes a real struggle. The managing agents are totally unsympathetic as they just say we can move if we don't like it!
@drwalka1010 ай бұрын
Who is forcing you to stay
@OLDCHEMIST110 ай бұрын
@@drwalka10 Lack of money, my partner's friends and family being here. ,her being ill. Enough for you?
@snark5677 ай бұрын
@@drwalka10 Who is forcing you to post replies?
@AntonioBianh Жыл бұрын
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
@JenniferDrawbridge Жыл бұрын
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@MarkFreeman-xi3rk Жыл бұрын
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $860k following guidance from my investment adviser.
@cythiahan8455 Жыл бұрын
@@MarkFreeman-xi3rk Interesting Mark. I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
@MarkFreeman-xi3rk Жыл бұрын
Actually, I've shuffled through a few advisors in the past, and “ Margaret Johnson Arndt” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself.
@SophiaChristian-so2of Жыл бұрын
Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, wrote her an email outlining my objectives. Thanks for sharing.
@Jimboy1611 Жыл бұрын
Landlordism is a parasitic practise and it needs to end. Landlordism: 1.) Harms our economy. In taking a chunk of people’s pay just for them to exist, their spending power is depleted. 2.) Entrenches the housing crisis. Houses are no longer classified as places for people to live, but business assets for landlords. This artificially inflated their price. 3.) Undermines communities. Renters have no stake in the communities they live in (in the 5 years I’ve lived in London I’ve lived in 4 houses because of the whims of landlords), so meaningful, safe communities and relationships disintegrate. Why get to know your neighbours when you may be turfed out in a few months? 4.) Degrades neighbourhoods. Renters have no incentive to keep the houses/gardens they live in nice because they have no stake in them. They don’t report graffitied bus stops or clean up litter in the street. Not giving people a stake in their neighbourhoods allows rot to set in. 5.) Degrades mental health and well-being. A secure, affordable place to live in a community you know is essential to wellbeing. Itinerant renters often experience poor mental health and the social and medical problems (alcoholism, loneliness, etc) that stem from it. 6.) Ruins architecture. Because houses and flats are no longer homes for people to live in, but vehicles for rent extraction, they’re built cheaply and nastily and detract from the character of neighbourhoods. Awful, soulless flats with insipid shrubs and homogenised retail outlets. 7.) Ruins local commerce. Property prices (artificially inflated by Landlordism) also affect business rates. This means only corporate chains can really survive now. Instead of charming and unique local enterprises, you get processions of Tesco Expresses , chain-pubs and Costa Coffees. Bland, homogenised, soulless communities nobody wants to spend time in. Landlordism is a blight on our country that’s arguably more harmful than drug dealers and it needs to disappear.
@keithcommins8 ай бұрын
All that and you never bothered to suggest an alternative to the status quo. I always find it hilarious how lefties like you hate landlords. Ask them what should happen instead? Absolute silence.
@KimPhilby2038 ай бұрын
Sounds like you want to swap places...if it bothers you so much get your own thing going..
@snark5677 ай бұрын
@@KimPhilby203 Salty landlord spotted.
@mihaicraciun86783 ай бұрын
@@KimPhilby203 in the face of valid criticism, that's the best response you could come up with
@randyvalantino6850 Жыл бұрын
Council houses have rent caps they are also long term rentals . The uk government sold all the council houses and have not replaced them . Now they are trying to turm provate rentals into council houses . Private landlords are temporary rentals not long term .
@auto117666 Жыл бұрын
4:15 - The Pareto Priciple or 80/20 rule is just bunk thinking based on Pareto's musings that 80% of the Italian land circa 1900 were owned by 20% of the population. He then noted that 20% of his plants were bearing 80% of the fruit. How does that explain anything? Dunno, but some nitwit management consultant decided to apply that same dumb logic to something else and it happened to align in his work. It somehow became popularized and now people use it to justify anything to absolve themselves or others of any type of blame or accountability. ... also landlords are needless parasites. If a person can afford to rent a house, then they can afford the mortgage payment and taxes on it without paying extra for some schlub to act as a middleman.
@dlc2479 Жыл бұрын
Tom is even worse than a typical landlord hes turning family homes into HMOs...
@ssuwandi3240 Жыл бұрын
HMO is no longer profitable for landlords. But the new rules in rolling tenancies and rent arrears could work out with a qualified tenant.
@dlc2479 Жыл бұрын
@@ssuwandi3240 how so? I think HMO yields are better than vanilla BTL?
@chaselee86 Жыл бұрын
He's turning them into vacation homes, serviced apartment or Airbnb.
@steelcitydomains2356 Жыл бұрын
He's actually or anyone with HMOs are offering an affordable way to live comfortably and allow renters to save one room in a co-living place 400 500 maybe tops...1 bed flat ..1000 Inc bills etc...literally nothing left ....do the math or educate yourself please
@steelcitydomains2356 Жыл бұрын
@@ssuwandi3240plenty profitable just most buying have no clue where or what to get sadly
@shaxei7116 Жыл бұрын
So the problem isn't landlords, who buy family houses and force families to take on their "investment risk" of interest rates rising by increasing their rents while they buy lamborghinis. It's young landlords who don't call themselves landlords and encourage others to become landlords so even fewer hard working families can own houses rather than pay these 28 year old landlords to take trips to go jet-skiing the UAE. Can we just ban owning properties you don't live in, and while we're at it ban tiktok?
@nauxsiАй бұрын
We want people with cash to buy homes and upgrade them for the rental market. That saves the govt money.
@XTSu-sl1bb Жыл бұрын
The main problem is the government stopped building homes. It’s getting blamed on landlords but it’s the lack of property getting built
@chaselee86 Жыл бұрын
The population is not rising much. And I've seen a lot of new built around the cities. So why would there be a lack of new property? The problem is not the lack of new property, but lack of property for rental. It is because landlord find it more profitable to sell the house, or do AirBnb / short-term rental as the video has suggested. It is market driven. Regulations and taxes are only going to get it worse.
@lolyeahright4159 Жыл бұрын
More like all the illegal immigrants they put in the houses
@davidz3879 Жыл бұрын
@@chaselee86 The population is increasing by hundreds of thousands per year.
@annaisiomaful Жыл бұрын
Social housing to be more specific but yet you’re right
@neanda Жыл бұрын
do you know how many houses are empty, especially in London, and landlords don't care about the rent because the house prices are going up more than the rent they could get, and without the hassle (owning a house is seen as an asset on investors portfolios rather than a human right, and that's wrong). it's only sharks who buy houses they won't live in, it then increases the house prices by restricting the availability of housing. it's blamed on landlords because people shouldn't ponce off people who just want somewhere to live, it's awful to make money from people who just want to live somewhere, and i don't care how you try to defend it, this is simple, and that is wrong
@syproductions456 Жыл бұрын
Landlords don't provide housing. Renters provide for their own housing by paying for it! Landlords simply take a profit on top of the cost of the property itself.
@taipizzalord4463 Жыл бұрын
Its not just landlords, though they are the most notable example, but rentierism in general. Under this iteration of capitalism especially (since neoliberalism in the 80s) the only way to make money is to capture and own something that is essential and charge someone else to use it. That's why you are forced to subscribe to every little thing these days. When before you could by it once and own forever. Even the few things that you buy outright like electronics and automobiles are increasingly have planned obsolescence built into them so they stop working after a certain amount of time.
@stephenwalker2924 Жыл бұрын
If someone invented a lightbulb which lasted a lifetime, even if it cost £100, sales of lightbulbs would grind to a halt in three months. If every little thing we bought, from cars to thumbtacks, lasted a lifetime...capitalism would likely grind to a halt too. You know all this. So why am I telling you this? Don't know. Just in a typing mood tonite...
@joshuah345 Жыл бұрын
@@stephenwalker2924 i mean Cars lasting a lifetime is very difficult with the amount of accidents and the amount of moving parts The amount is reduced for an EV, but now you have to worry about a battery that will drop in capacity over time
@daddo1600 Жыл бұрын
The way I see it is there are some absolute states of properties laying empty and unlivable and investors can bring these back to life and back onto the market.
@anthonykdramanu915811 ай бұрын
This is very true!
@bryonycoates3 Жыл бұрын
The real problem is the monetary system we have which is based on debt and banks choose to mostly lend into mortgages for easier profits rather than to businesses or industry which has pumped up house prices. Landlords are just participating in a system created by much more powerful players that never get mentioned. Blaming landlords is a destraction
@splottcardiff3993 Жыл бұрын
In Wales landlords must be registered with rent smart wales, EPC D or below (soon to be C), EICR Certified, Gas Safety Certificate, standard occupational contracts, no s.21’s, legal fit for human habitation tests, rent can legally be withheld, if repairs are not completed to a set standard, financial fines imposed by LA enforcement, delayed legal response, reduced CGT allowance, s.24 taxation, increased council tax on 2nd homes (during void periods), immediate council tax premium to be paid during sale period, increased mortgage base rates (SVR), rental caps (in Scotland - potentially adopted nationally?) and a range of other complex legislation. My personal opinion is there are far more simple and lucrative returns to be had, as opposed to taking unnecessary risk of potential property destruction and withholding of rental during timeframe obtaining a possession order. This resulting in landlord leaving the market, less SA tax returns, and more need for government housing. Trying not to be negative but simply realistic.
@mikeincalifornia Жыл бұрын
Not a single solitary one of those things in California. No direct government involvement in rent at all, altho tenants do have a lot of rights once they're in. You don't have to register as a landlord at all or inform them that you're renting. You must report the rental income on your annual taxes, federal and state, but nothing involving the county. No inspections or anything like that. If you sell your house there are no sales taxes at all. Capital gains tax if you sell it for more than $250K than you paid for it, but only on the part above that. If I sold my house today I'd get to keep every penny of the sale price. No fees or taxes at all.
@revorocks123 Жыл бұрын
Its funny that despite all those things you listed, people still wonder why rents are going up.
@Anasteroiddestroyer Жыл бұрын
And councils are now charging excess taxes on empty/holiday homes in Wales! I welcome a crash in house prices so more people can afford to buy their own homes in the places they want to live/work in. Secure and affordable housing is a basic human right.
@WhichDoctor1 Жыл бұрын
Housing is something everyone needs. It shouldn’t be up to the whims of the market whether people can afford a roof over their head or not. The government should build good quality homes and then rent them out at cost, so the people screwed over by landlords and banks can have secure places to live without having over a third of their income siphoned off to pay off the mortgage on someone else’s asset
@paulgibbons232010 ай бұрын
Exactly right
@madameversiera10 ай бұрын
Right, if you pay 80% of your income on rent, this is speculation on housing not just rent.
@paulgibbons232010 ай бұрын
@@madameversiera it's speculation on somebody else's housing. How is that Going to help his situation. Call it what you want. I prefer the term pick pocketing.
@snark5677 ай бұрын
Or make it illegal to buy out housing? I know, radical thought.
@marcielynn4886 Жыл бұрын
All landlords are not rich. Some just need help to make ends meet.
@annamariyad Жыл бұрын
Housing providers??? How out of touch are they 😮
@Robert-cu9bm Жыл бұрын
Do they not provide houses?
@rachelm1816 Жыл бұрын
@@Robert-cu9bm Nope
@Sasha32659 Жыл бұрын
@@Robert-cu9bm The houses were already there
@Robert-cu9bm Жыл бұрын
@@Sasha32659 They're still provide the house for you to live in. They could choose to keep it empty.
@hughyu9085 Жыл бұрын
@@Sasha32659 Who built the houses? Who paid them to build the houses?
@kylelook78797 ай бұрын
Everyone! Read the book "Against Landlords" It literally just came out this year. It's very informative about the housing crisis and how to solve it. Landlording has to stop completely or the cost of housing, rent, and property taxes will keep going up infinitely. We already have entire generations of homeless people. Make no mistake, Landlording IS LAND HOARDING. Landlording IS why house prices always go up and never come down. Landlords need to quit being parasites and get a real job. They are not providing housing, they are playing "Ticket Scalping" but with houses. Housing should be a right!
@rjvtechnologies Жыл бұрын
landlords are parasites, its tenants who pay the property bank mortgage, the property taxes, the agency fees, commissions and a profit for the landlord which often is close enough to live without working or rent for themselves other property at expenses of tenants renting their own property, these are the type of people who want others to pay high values but themselves want pay nothing, 90% of tenants pay in full the owner initial investment in purchasing the property on the first 2 years, 93% of landlords don't actually own the property but instead its the bank who owns the property, majority of landlords today expected to live forever from a 10 to 20 k GBP investment they made 10-15 years ago, majority of landlords did not made their initial investment through hard work but somehow got their cake lump some in a way that never was disclosed, climbing into the property ladder literally is climbing into another mans shoulder and these people have the audacity to act in a way they were doing tenants a favor, if what they were doing was moral, no landlord would feel embarrassed for who they are, parasites
@tremarley9648 Жыл бұрын
Then what is the alternative than landlords
@rjvtechnologies Жыл бұрын
@@tremarley9648 change the banking law that differentiate tenants by the negative by rejecting them access to mortgages despite having historical record has tenants paying higher rent values than the typical mortgage average value consecutively for a period of 2 or more years, its unfair having banks rejecting mortgage applications of 800GBP per calendar month when they are already paying for someone else for years, decades even 1200GBP and over, all just due to the high cost of living and inflation that increases every year and prevents hard working people of saving those initial 10% for the mortgage, often cause tenants are supporting the life style of landlords
@rjvtechnologies Жыл бұрын
You a joke, its landlords and property agencies inflating rental prices not banks, banks stick to the property actual value.
@dalskiBo Жыл бұрын
Absolutely, pretty much all economists agree that "rent seeking" behaviour brings no value to the economy whatsoever, but is a form of value extraction parasitically feeding off the productive members of society. Further negating the distribution of wealth & money, long-term negatively effecting the economy as the appropriate people generating the money are not being rewarded with it's profits adequately, ultimately end up with them leaving that country to those whom will reward them more fairly...
@dalskiBo Жыл бұрын
@boxingtruth2167 90% of the economists are wrong then I guess, Marianne Mazucato, John Keynes... Also the vast majority of homeowners would contract them instead of the landlords as the vast majority cannot do DIY.
@dalskiBo Жыл бұрын
@boxingtruth2167 I quoted the economists but clearly someone is unaware of them lol, google their books which make several references to other economists with this view (90% of them) which is quickly a compounded by other references which is further compounded further. This is such a well known fact in economics it doesn't really bear arguing for. There is no legislation whatsoever regarding the legislation of trades in conjunction with landlords. I'm not even sure what you are saying here as it is such an ambiguous statement. Any landlord can choose to work on their own property if desired with the restrictions imposed by Building Regulations which apply to landlords & homeowners alike. The only additions to a landlord are the EPC certificates required by "LEC regulations" that's it!
@robe1811 Жыл бұрын
@boxingtruth2167hey aren’t the employer though are they? The landlord is not creating jobs, those people are doing odd jobs and will continue to do odd jobs whether the landlord exists or not. There is also an argument for how much tax these people would declare for jobs done for the landlord so society is not necessarily benefiting in that sense either. In fact there was a landlord on another channel that proved the point about economic activity- he said that he had closed his company down and made his employees unemployed so he could use the money to invest to BTL property and live passively off the money. That’s exactly the moral hazard that too much encouragement of landlordism causes- legitimate and valuable service to the community lost in return for economic inactivity.
@sambines3463 Жыл бұрын
It is crazy that landlords think they are not causing the problem
@gaptaxi Жыл бұрын
If there were no Landlords where would people live? After the Witch Thatcher sold off Council Houses it just opened up a buying frenzy to make a quick killing. Maybe every Renter should get an option to buy clause in every contract? But that kind of smashes anybody´s rights to ownership as well. Giving Mortgages to poor people didn´t help either, and we had to bail out the banks because of them. A Council House has a Landlord as well. The Council.
@Phil-bc2sd Жыл бұрын
The landlords are not the problem
@leafa95 Жыл бұрын
The landlord's are not the problem the problem is not enough homes
@Theother1089 Жыл бұрын
And too many people
@randle-s9y Жыл бұрын
What about developers creating new homes. Are they a " problem"?
@mercedesb22995 ай бұрын
A lot of landlords are doing this now which is why people don't have relationships or families anymore. Everything is about maximizing the money coming in. You should see the rental ads for these rooms. You might as well stay at home with mom & dad because I guarantee you would have more freedom and fewer rules at your parents than renting one of these rooms. I don't know how half of the stuff they put in there is even legal. They want you to sign a 12 - 24 month lease and every single one stipulates that the room is for one occupant only, no overnight guests. So, you have to sign a contract that you won't have a relationship for 2 years....and then we wonder why Gen Z is single and wants to unalive at 26. This should not be allowed. It is destroying the natural social connections of society
@nish663 Жыл бұрын
Landlords provide housing in the same way that scalpers provide tickets.
@NeilEvans-xq8ik Жыл бұрын
They provide housing like slavers provided food and shelter for their slaves. But that didn't mean that they were morally good nor that slavery was ok. Both were profoundly evil.
@tictoc5443 Жыл бұрын
@@NeilEvans-xq8ikrenters have the freedom to buy No?
@NeilEvans-xq8ik Жыл бұрын
Slaves had the freedom to enslave, no? No; they did not, because all of their resources were consumed by their masters. This is the nature of oppression.
@liveuser8527 Жыл бұрын
@@NeilEvans-xq8ik so Landlords didn't LEGITIMATELY buy their property?(with jobs providing services to people)
@NeilEvans-xq8ik Жыл бұрын
Not always. A lot of the time it's handed to them on a plate by their parents, who also exploited people in previous generations. But even if they did, it's not ok to work your way into a position in which you can exploit others. You should work hard to create wealth, not to steal it from others in the form of rent (landlords) or wage theft (employers). If you do that then those others cannot thrive like you want to thrive, and they are just as important as you are. Just think of how hard the old slavers used to work to set up their plantations and acquire their slaves; no easy task, I'm sure, but an evil one nevertheless, and so one that they should never have engaged in... Thanks for you response, btw; I think it's important to have these discussions. Take care.
@grantbeerling4396 Жыл бұрын
Tired of writing this; in 1910, 90% of property was owned by the top 10%, WW1 and landlords tried to profit out of the Munitions industry by raising rents; there was a rent Strike in Glasgow that spread throughout the country. The government had a choice, ignore the fact they are supporting landlords doing nothing or impose a rent freeze. They did the latter and again in 1939. post 1939-1989, there were various forms of rent control. By 1990 landlords owned
@HowardCharlesUK Жыл бұрын
Landlords don't provide housing, they restrict it
@lineage13 Жыл бұрын
A landlord by definition provides housing. People who buy homes to live in do not, people who buy vacation homes do not and people who buy for Airbnb do not.
@chaselee86 Жыл бұрын
So what's your solution? Just ban investors and private landlord all together, that will solve the problem isn't it?
@Stuark54 Жыл бұрын
Let’s be honest the only bad landlords are the ones who borrow to let. I think if we banned banks from giving loans to those sorts of people then I think things would improve. That way only the ones who have built up enough money to actually buy a house in full will be able to be landlords. There’s just too many of them!
@neanda Жыл бұрын
@@chaselee86 yes. housing is a human right, not an asset on your portfolio. invest in innovation, not in trying to restrict people's ability to live.
@chaselee86 Жыл бұрын
@@neanda If there are no landlords, the only supplier of housing would be the government. If all people live in council house, where does the money come from?
@texasred5665 Жыл бұрын
BUILDERS PROVIDE HOUSING! Landlords own and leech, and that's it. Renovation isn't an excuse, buy and flip sure but right now the state of it is disgusting.
@thepissedofflandlord Жыл бұрын
FARMERS provide food. SUPERMARKETS are leeches and prey upon shoppers with mark-ups
@texasred5665 Жыл бұрын
@@thepissedofflandlord Supermarkets leverage efficiencies at scale and a superior market power to provide a wide range of foods to customers at a good price. They develop their own products and manage and transport a wide range of foodstuffs and other products in a central location, and make a profit for their trouble. They provide a service. What do you provide, mister pissed off landlord? Besides a sense of entitlement I mean. Nothing. If housing ownership were accessible to everyone, renovation and maintenance would be more than offset by savings from rent. You provide no service that could not be easily covered by your "customers" if they were to find housing accessible to them. Landlords incur no risk, because they will always have an asset to rely on if things go south to recoup most of their investment, to say nothing of the profit, and provide no service that would be reasonable outside of the current extractive system. They are leeches.
@thepissedofflandlord Жыл бұрын
@@texasred5665 you've obviously never bought a house because you would know its fraught with risk. If things go south and my proprty is empty I still have to pay the bank if not then i lose my asset. And I provide people with a central location to live. Maybe these people don't want to commit to buying in the city centre but like the convenience, perhaps there only working on a contract basis, or are studying and don't want to be tied down to a place. Its a lot cheaper than spending the night in a hotel.
@thepissedofflandlord Жыл бұрын
@@texasred5665 sorry to break it too you but supermarkets make big mark ups on their food. That's how they stay in business, profiteering from the most basic human need.
@liveuser8527 Жыл бұрын
How did Landlords PAY for that housing? Your view on economics is stupid...ONLY BUILDERS can own property?..rofl😅😅😅😅😂😂 You think Landlords don't have JOBS to buy EQUITY in their homes?(to do as they wish with them). IF being a landlord is so easy, YOU DO IT!
@Shyndree Жыл бұрын
Okay, can literally ANYONE explain how landlords 'exiting the market' will result in less houses to live in? No one ever explains how that's supposed to work, and at this stage I think it's just some empty threat to make it sound like these people are needed. If a landlord sells their property, someone else still presumably buys it, and either lives there or lets it out, it's not like that house just disappears to thin air. Perhaps I'm naïve, but I would assume that these small scale landlords are complaining that bigger landlords are buying up those houses, or are they just so salty they can't stand former renters getting their own homes and exiting the rental market where they used to pay off other people's mortgages? How is this such a bad thing? Or am I just not seeing something so obvious?
@TheTimeDetective4229 күн бұрын
I'll explain. A smaller number is a less than a bigger number. That's how.
@tgoddard1988 Жыл бұрын
I have a decent landlord, but I’m turning 35 this year and I haven’t been able to save up enough enough to get my own mortgage because year on year the house prices have gone up.. So what’s my option?? I don’t want to spend the rest of my life paying someone else to live in their home! I don’t have the option to move back home or back to my other half home! Now they bring out a zero deposit mortgage, but I’m too old to qualify! I am honestly so depressed to think that I may have to spend the rest of my life in a rented property knowing at any minute my landlord could decide to sell up! My other half and I are in a small 1 bed flat in a not so great area, but we’re paying £800 a month and our landlord hasn’t yet put the rent up, but we’re feeling more and more like it’s inevitable… if we go for a better place I can guarantee it is going to be way more expensive meaning I won’t be able to save as much… So what are my options?? What do I do!? What do the people in my situation do! I’ve never had the “bank of mum and dad”! Neither has my other half! But we’ve both worked all our adult lives except 1 stint during the last financial crisis… I don’t know anyone who has bought their homes off their own backs, it’s always inheritance, mum and dads savings, used my student loan, gifted a house by my fiancés grandad etc. But I don’t have any of those things! I know there are people who have no right to say this, but I’m not one of them; I’ve had to work 10 times harder for everything than most people my age! And what’s my reward? What do I get to look back at and feel proud of when I’m in my 50’s and being evicted from my home because my landlord died and their kids want to sell the house so they can divide the money!? I was an estate agent and saw that actually happen because the kids couldn’t afford the inheritance tax so sold up and got what was left, leaving a poor 50+ year old man who had lived in the house that was his home for more than 20 years, struggling to find a new home! We managed to find him a nice small flat with a garden, but it turned out his up stairs neighbours were terrible people who lived off benefits but still had the money to party 5 nights a week! I can’t even move into a cheaper council flat because I’m gay, my partner and I signed up for a council flat 4 years ago, so we could save money on rent, but still nothing because we can’t have kids and will always get moved further down the list by a young, stupid couple who didn’t use any kind of protection one drunken night! My other half has 2 sisters who are in beautiful houses which they pay pennies for all because they got impregnated by some guy they don’t even see anymore! But there’s no option for us! Just pay extortionate rents for the rest of our lives!
@richmorris2870 Жыл бұрын
You're not alone
@mannymedia6311 Жыл бұрын
You can learn to trade forex/stocks/crypto When you have learnt the skill £100 will get you a challenge to get funded £12500 to trade with. Pass the test, keep trading and invest. If all goes well you can quit your job, if you want👍🏽 Theres other ways I know in property, lease options, deal packaging, joint venture on rent 2 rent. Theres side hustles out there that could be worth trying if you look around. Theres options, theres hope 🙏🏽🙏🏽 God will guide you
@symbioticape7 ай бұрын
@@mannymedia6311 mugs games. Don't take this advice, you'll lose all your savings, your gay meaning you've access to a massive niche market, see its needs and fill them. Fk rules,laws regs, and other made. Up bs, just man up and do whatever it takes to better your life. Build value for others, money is the byproduct of creating value. Rules do not exist, everything is permitted. Never tell the truth to those not worthy of it. All anyone seeks is validation so feed their ego with free pleasantries while taking their money. Kindness is weakness. Apply the Generative law. To build a castle... place your first stone today right now and set it in motion.
@snark5677 ай бұрын
Stop playing by the rules.
@Reddfrogg7 ай бұрын
@@snark567are you suggesting bank heist ?
@kateskeys Жыл бұрын
HI FROM NYC - I HATE MY SCUMBAG LANDLORD
@MrJhchrist Жыл бұрын
"We absolutely need landlords, we need even more landlords, because not everybody can afford to own their own home". Rubbish. If you can afford rent you are literally paying all the costs of ownership PLUS profits. Renting does provide some flexibility and low commitment benefits for some people, but it's not like renting is cheaper than owning or landlords couldn't exist.
@Standard_Jay Жыл бұрын
They are nothing but speculators , no different than anybody putting money into equities. Difference is landlords don't understand risk and expect the market and conditions to always be in their favour. Reality check incoming.
@vmoses1979 Жыл бұрын
Actually the difference is that they can get a mortgage for at least half the value of the property. This is way better than those speculating in stockmarkets.
@Standard_Jay Жыл бұрын
@@vmoses1979They are not very clever "investors" given equities are liquid and gains have far outstripped property over the years. Anyway these chancers are gonna get wiped out pretty soon so happy days.
@vmoses1979 Жыл бұрын
@@Standard_Jay You are not factoring in debt financing by saying gains in equities outstrip property. Since the 80s - anyone with property has done really really well particularly considering cash on cash returns. Imagine you bought a decent property in Central London in 1993 with 20% down- you're looking at much better returns then the same cash amount put into the FTSE 100. There will always be demand for homes so the wipeout will be limited to those who entered last and those with the least equity.
@Standard_Jay Жыл бұрын
@@vmoses1979 Wrong. Recent report citing data from the BOE and Morningstar showed that £1 invested in 1983 would have yielded £3.63 in property but £10.02 in the UK stock market.
@vmoses1979 Жыл бұрын
@@Standard_Jay Good one. If you're gonna go that route - cite the end date for calculating the returns. Then provide a link to your claim. Also understand that anyone can pick and choose a particular period to make a certain asset class attractive or unattractive. As an illustration - the FTSE 100 was at 6500 in 2000 and 23 years later it's at 7500 - sorry but property owners have done much better in the time period. Finally - how is property defined? Are you talking about central London or rural Abeerdenshire? The metrics are completely undefined. I don't think you understand the point about leverage juicing returns in real estate.
@davescott7680 Жыл бұрын
If the landlords making enough on rents to cover their mortgage and make a profit. The issue isnt that the renters cant afford the house, its that our systems punish the poor. Government should build social housing, rent to buy, and most importantly, when they make money back use it to build more.
@RockinJohnnyaitken Жыл бұрын
Yes the sooner the better, introduce a fair rent system
@LyricalLacerations Жыл бұрын
The narrative, renting is the only option. Well not really. When thatcher sold all the housing stock and failed to build or buy more. Rents started to go up because public housing artificially kept the rents low by giving them a different option to private hosing. The problem now is that the UK needs housing, and everyone has realised that in a cost-of-living crisis. Landlords are not viable. Landlords need to go.
@tommann9490 Жыл бұрын
Everyone should be able to buy a property. Landlords and sky high rents prevent that.
@Helmut-pdh10 ай бұрын
What hinders people on going out to an empty plot of land and building new homes? There are plenty of reasons why this is extremely expensive. And these costs are themselves reflected in the high rents. If building would be cheaper, market forces would push down prices. We need to look at the high costs of building new houses.
@snark5677 ай бұрын
@@Helmut-pdh How about we look into building more homes and also restricting landlords? Best of both worlds.
@Helmut-pdh7 ай бұрын
@@snark567 And who should build all the homes?
@snark5677 ай бұрын
@@Helmut-pdh The people who are already building them?
@Helmut-pdh7 ай бұрын
@@snark567 And they should work for free?
@andykostynowicz Жыл бұрын
What i find so difficult to understand is why if you can afford to rent you are not considered financially suitable to have a mortgage. I think the way out would be 4 fold. First build more good quality houses of all sizes and prices. Secondly governments should provide/back a mortgage for everyone. Homes must be live in. Finally all those with more than 1 home including landlords unless that home is registered company should be heavily penalised. Homes are for living in not as a safe store of wealth.
@Pokestops Жыл бұрын
Why are you poor useless people complaining. Make some money and buy a house instead of wasting time on KZbin.
@So_Cato Жыл бұрын
He rents the rooms individually? Good God, the greed...
@drwalka1010 ай бұрын
You must be pro homelessness
@davidocallaghan63619 ай бұрын
Not greed. Business. My parents are landlords. 3 properties in Cork. They make a tidy profit. Does that make them greedy? My friend had recently bought a house. He's currently in the process of splitting it into 4 apartments to maximise the monthly income. That just makes him an intelligent business man. Welcome to capitalism. If your not successful enough to own a home that's your problem. Don't begrudge others making money off people's need for a roof over their head. Supply and demand is the basis of the economy.
@AJ_Cricket_Fish9 ай бұрын
@@davidocallaghan6361At least you're honest about their exploitation. To answer your question, it makes them fucking lecherous cunts
@greggg345348 ай бұрын
@@drwalka10 how come the soviets deleted homelessness with blocs of government owned apartments?
@notroll12798 ай бұрын
@@greggg34534 They didn't, really. Their aim was to provide 8 square metres living space per inhabitant but never reached that throughout seven inglorious decades of partly bulldozing old buildings, partly splitting existing flats into "komunalkas" - where entifre families sometimes had to share a room - and building those faceless blocks.
@macsmiffy2197 Жыл бұрын
I live next to a rented out house. The tenants, for the most part, are absolutely fine, but the landlord is typically absent! I’ve lived here for 17 years and not once have they contributed to the shared costs of maintaining terraced properties, eg, clearing/cleaning gutters, shared driveway, water courses. They constantly move agents, who have successively been over 200 miles away. Sometimes, even the tenants don’t know who’s running it! I have never seen the owner!
@diogocambrian8 ай бұрын
If a landlord bought a property in the last year sure. By all means raise the rent if your mortgage went up. But these leeches who are renting houses from the 70's and 80's with little upkeep should be forced to repair. I will gladly pay higher rent if some of that goes towards a third party checking in on the property. You shouldn't be able to rent out properties with mold and peeling paint which are so so common in the UK
@raquetdude Жыл бұрын
More public housing or general housing would mean ppl aren’t reliant on landlords and it would lower the cost of housing.
@davidz3879 Жыл бұрын
Reducing the demand by not having 69m people in the UK would be better.
@damienmorrison7226 Жыл бұрын
@@davidz3879 get lost
@davidz3879 Жыл бұрын
@@chrysalis4126 They receive little taxation from unskilled & low-skilled people, who in most cases are a net cost to the government. A Pakistani labourer whose parents are cousins, who lives in a large council house & has several kids by his own cousin, will pay very little tax & will cost the UK a fortune in benefits & healthcare for his kids, who will have a lot of long-term health problems.
@stephenwalker2924 Жыл бұрын
@@davidz3879 "I'm not racist, but..."
@davidz3879 Жыл бұрын
@@stephenwalker2924 You're in favour of habitual cousin marriage? How about FGM? Let me guess: you strongly disagree with them but you're scared to say that because you might be accused of being racist if you did, so you won't say anything against either tradition. Why is Bradford the most dangerous city in Western Europe?
@paulgibbons2320 Жыл бұрын
Serfs are paying over £800 a month for mouldy crxpy bedsits. £1000 - £1200 pcm if you want 2 rooms. Then claiming it's not worth it they will sell up. Sounds like BS to me. The maths don't add up in our Ecconomy. Rent trap is a soul killer.
@NeilEvans-xq8ik Жыл бұрын
Set the people free!
@royalbiscuits8442 Жыл бұрын
It depends on how much income tax and other costs they getting charged. Lets take for example £1200. Knock off 5% for letting fees. £60 PCM. We are down to £1,140. If its a flat, management fees. Say £1,000 a year? Another £83 a month. Down to £1057. Then say they are earning enough to put the full amount into a 40% tax. That knocks off £422.80. £634.20 PCM received. If the property is mortgaged its not unreasonable to expect to see that figure just disappear.... This isn't taking into account landlord insurance, repairs and renewals. etc. A poor tenant that does mass amounts of damage could easily put a landlord under. Its not as rosy as you may think.
@paulgibbons232011 ай бұрын
@@royalbiscuits8442 Evidence says otherwise. Because it's well known landlords make an absolute killing. Ofcourse people are going to up sell to landlords and mark up for landlords. No way they should be passing this on. No trade is without risk. Our Job market pushes a lowest common denominator in that we have a minimum or subsistence wage. They absolutely need rents to be anchored to the minimum wage. There needs to be rent restrictions. Rents need to remain in touching distance of that figure. It's so popular because it's the last money for nothing scam in the UK. In most cases if you set the property up right at start then you can avoid further issues. I totally disagree will buy to let. Because of the need to push on price increases. Landlords always hike more than they need too. There is literally no restraining mechanisms which stop that. If these landlords did not exist more family's could buy homes. I totally disagree we need them or need more.
@paulgibbons232011 ай бұрын
@@royalbiscuits8442 As for bad tennants. If people feel exploited they are not gonna respect the place. There's a pretty strong link to how people feel about renting.
@paulgibbons232010 ай бұрын
@@royalbiscuits8442 give over. They do boiler checks once a year then they are good for holidays. You know it. I know it. Buy to let was a terrible idea.
@emilymcplugger Жыл бұрын
Landlord: if we didn’t exist there’d be a lot less housing. Me: no. Landlords aren’t building homes they’re buying them up so that others can’t. They’re literally contributing to the crisis. If a meteor hit that landlord convention then their properties would still exist. They’re just charging for something that’s already there.
@tgoddard1988 Жыл бұрын
Plus with all the new properties on the market it would push the prices down! The more properties there are for sale the cheaper they become. Landlords increase property prices through sheer greed at every level of the buying and selling process. I was an estate agent for just over a year, I’m pretty sure I only ever saw 2 or 3 houses get bought by the people who were actually going to live in them. I think landlord tax should increase drastically with each new property they let!
@grow-evolve Жыл бұрын
I am an unintentional landlord and ended up renting after my Nan sold her house. Most tenants have been really good and I try to keep to all the regulations and do all the repairs. Selling up now though as it’s not worth it anymore. My monthly profit is around £400 per month (on two properties), and it’s often a part time job with repairs to do which I don’t have enough income to delegate it myself. If you struggle financially as a landlord, zero entitlement to any benefits for food etc. It’s not worth it anymore so selling up. I will be interested to see what happens when most landlords have sold which is what they are doing now. The end result is the landlords remaining can become very choosy, and anyone who cannot buy has to continue to rent in a market where there would be hardly any rental properties left. The government should force mortgage lenders to stick to a 3% interest rate like in the US and then also force people to be able to buy property with a good credit rating without any deposit or with a much smaller deposit. They should basically make it easier for everyone to buy and own a home.
@paulerdosdaughter7 ай бұрын
Why England has such ugly old homes ?
@idonthavealoginname Жыл бұрын
Landlords and estate agents are just ripping people off full stop.The greed in the UK is like a disease .
@raquetdude Жыл бұрын
Housing costs wayyyy too much compared to annual income. Now that interest is rising it’s also not the time to be looking at loans either if you can’t afford a small house in a commuter town either.
@davidz3879 Жыл бұрын
Because the population is clearly far too high.
@raquetdude Жыл бұрын
@@davidz3879 bullshit. Sweden in the 70s built a million homes over ten years and their population at the time was what six million. The UK has a much more powerful economy why can’t we do that we have the political power just not the will.
@Nepetita69696 Жыл бұрын
@@raquetdude Because the population size of Sweden is not even comparable to that of the UK. Dimwit.
@brp361 Жыл бұрын
Oh no! Won't someone think of the poor landlords!
@HonestGuyWhoSpeaksUp Жыл бұрын
Landlord = people who make other people pay for their mortgage. If you rely solely on your rented property to pay your mortgage it means you don't have another job. If renting is your only source of income there is something wrong with you in the long run. This exploitative financial model is unsustainable and puts your bad financial habits on the shoulders of your tenants.
@jamesodell3064 Жыл бұрын
Look like the rental market is about the same in the UK as it is here in the US.
@TH3YGXNE Жыл бұрын
At least In the US I could be a ups driver and earn $25/hr.
@HDIrwin Жыл бұрын
I used to be a mortgage consultant and I remember the astonishing greed of some landlords, BTL's were literally like crack to them. They do not give a f&*k about the consequences of their actions upon wider society. These new 'influencers' make me want to spew, but unless Government starts building housing and establishes a regulatory framework which restricts these investment parasites then the problem will remain. And I have no confidence in either the Tories or Labour to do anything substantial about it.
@mark196233 Жыл бұрын
I've met lots of mortgage consultants they don't care about the client and are the scum of the earth even when they don't do that job anymore. Sweeping statements mean nothing. Not all landlords are bad.
@Weareeverything2023 Жыл бұрын
Still made the commission on those mortgages, yet you do not realise you are just as bad.
@iamrocketray Жыл бұрын
@@mark196233 Just Most!
@tomjones8715 Жыл бұрын
Coming from a mortgage adviser 😂 that’s like Hitler having a go at Stalin!
@billyliar1614 Жыл бұрын
Absolutely spot on ! I go even further than that, I think there should be strict regulations in place to prevent anyone from owning more than one property. They can invest their money elsewhere but they should not be profiting on the back of human misery. It is morally on the same continuum as cannibalism.
@fallenkeith5885 Жыл бұрын
I'm hoping for another housing crisis like in 2008-2009. It's literally already cheaper to buy a 3 bedroom here and reno it than to rent a 3 bedroom. The mortgage is easily like ~$700 cheaper than rent
@jsg9575 Жыл бұрын
Just so people understand, you want these people to be your landlords. Normal people that own a few properties. Why? Because companies like Blackrock etc are buying up residential properties and will edge these landlords out of the market. When that happens, good luck finding a place to rent, let alone having rent be affordable.
@familyguy7624 Жыл бұрын
Someone understands game. While rest blaming landlords
@wsrtwetr Жыл бұрын
Thats like saying you wouldnt want the shark to move into the pond and eat you so please let the crocodiles stay because they won't bite. both are a-holes
@prettykitty54168 ай бұрын
Thank you!
@snark5677 ай бұрын
Ban both from hoarding homes :)
@Cookedandcreepy Жыл бұрын
YES!! Investment properties should be illegal! Disgusting how a basic human right has been made into a business.
@sutty85 Жыл бұрын
The issue I have with landlords is the increase in rent every year even whne they have done zero to the property or because they want to get the max from that area. Its greedy.
@prettykitty54168 ай бұрын
No every year things get more expensive so they have to raise rent to maintain a living and profit. Property taxes and fees go up every year…are they just supposed to pay out of pocket and not pay a profit and allow you to live in their homes at a discounted price? My taxes and insurance went from 740 to 950….so I raised the rent $210 extra. We are running businesses not charities 🙄
@humanbeing6933 Жыл бұрын
Reserving property you’re not occupying in order to extract hard earned money from families… not moral
@pataleno Жыл бұрын
Renting a property when you have a choice not to is bonkers. Oh wait !!! Some people need to rent ?
@humanbeing6933 Жыл бұрын
@@pataleno Even the Hebrew prophets got it. Isaiah writes “woe to those who join house to house, who add field to field, until there is no more room” you hit the nail on the head there with ‘NEED’… because their ancestors were dispossessed by armed men just 200-300 years ago.
@stevenweiss2148 Жыл бұрын
The man says it all. 'If you are not making a profit..whats the point?' The point is where private business ends..and government housing begins.
@yegfreethinker Жыл бұрын
How about Dwelling Scalpers? How's that for a rebrand?
@NoFluffJustRabbit Жыл бұрын
Can we make an app of sorts, to rate landlords? I don't see those 80% 'Good Landlords'. I have only come across landlords who ignore your concerns of mould and let you pay the repairs yourself, that should be their concern?? I don't think hyping up the 'landlord' business as a ways to earn 'easy money' has done this country any good at all! It has brought out landlords that think there is no work to be done. All the while, we are running out of money, we just recently got an email for a rent increase. Asking for the reason gave us a reply: Because of the economic situation. Yes. WE are also part of that same economic situation. And don't even get me started on 'Brexits' contribution to all this...
@sickofit1574 Жыл бұрын
Maybe if Thatcher hadn't sold off all the public housing and then the government hadn't lowered the rate of social housing construction we wouldn't have this problem. As it stands, we will need millions of homes built if this crisis is to ever end.
@Robert-cu9bm Жыл бұрын
The people who now own their own home disagree. They now don't have rent thanks to thatcher.
@sickofit1574 Жыл бұрын
@@Robert-cu9bm The amount of people that this has benefited in this way does not outweigh the amount of people that has been fucked over. Good for those people, sure, but I am thinking on a societal level. There is a Panorama doc about this. One woman that bought her family home for 15 grand is shocked to see that it is now converted into 6 bedsits being rented out at 900 quid a month to 6 tenants. Even she agreed that she would rather that the policy had not gone ahead, if she'd known it would lead to this. The point is that right to buy, combined with a destitute level lack of continued social housing construction, has left the vast majority of working class people much poorer and more liable to be victimized by the private renting sector.
@erbiumfiber Жыл бұрын
I like what Singapore does- they build housing and you have a right to buy a flat that is built by the government. Yes, it is more complicated than that and, of course, it's for citizens, but I feel like it's going to come to that at some point because this system feels broken.
@carmattvidz4426 Жыл бұрын
Here in Australia there no way you could buy a house in a city in your early 20s. The only way you could own a house in your 20s is with a wealthy mummy and daddy. Australia is turning into the old England. You know the old England where what family you are born into will determine your success. You are pretty much f here if your parents are not rich.
@michaelkong268210 ай бұрын
Hate to say it but.. There should only be one landlord, the australian government and rental properties should be not for profit. Who wants to go to work anyway just to pay high rent to pay someone elses mortgage off. Landlords buy moldy dumps and let it be a tennants problem. Must be nice to have someone else buy them a home and do nothing for it.
@livelife5947 Жыл бұрын
Private landlords need to be banned. They’ve completely destroyed the housing market, pushed prices up & iced first time homeowners out of the market. The fact that this has been allowed to go on for so long is disgraceful.
@ForgottenKnight1 Жыл бұрын
Sure thing, but first, the state should buy their properties at the current market rate (not some flimsy "aproximation" done by an "evaluator") and then the state can decide to redistribute however it likes and to whomever it likes.
@raceace Жыл бұрын
How many of those good landlords fight tooth and nail against any legislation that offers some sort of security for tenants. Those landlords who claim personal responsibility are first make sure that their tenants are responsible for paying off their investment while failing to provide any value to the tenant commensurate with the rent increases. It's all one way. The term parasite seems pretty accurate.
@CaraMarie13 Жыл бұрын
As long as home ownership is viewed as an investment, this is going to be a problem. With wages being what they are and pensions not covering retirement, if you have a pension at all, houses have become a piggy bank. I personally dont believe people should be allowed to own more than one house because then it becomes "you are affecting my retirement or income source"
@ridethelakes Жыл бұрын
And where would the renter's live?
@downtoearth1950 Жыл бұрын
Sounds like you did not plan for your own future.
@pcferiksson9029 Жыл бұрын
@@ridethelakesIn the houses they would be able to buy due to better supply to demand ratio?
@ridethelakes Жыл бұрын
@@pcferiksson9029 You are showing extreme naivety if you believe that. Huge numbers of people live pay check to pay check and have no chance of a deposit no matter how low prices go. What about students, young people, people that relocate for work etc etc. And not everyone wants to buy, they don't want a long term mortgage, the hassles of home ownership and maintenance. The removal of private rentals would just create widespread homelessness.
@pcferiksson9029 Жыл бұрын
@@ridethelakes Do you think all the homes that exist would just disappear with their owners? You also seem to forget about one detail. A lot of people live paycheck to paycheck is what would we all agree. Here's the detail - Most live like this whilst renting. They don't live paycheck to paycheck without any shelter - either with their parents or they rent. Plus cheaper accomodation means lower mortgages, then you can repay it faster or have smaller monthlies.
@KENKENNIFF Жыл бұрын
Why aren't we building more houses ? Is it that difficult ? We build millions of cars every year which are arguably more complicated to construct. Why cant we build millions of houses ?
@vladimirofsvalbard9477 Жыл бұрын
Because newer generations are more interested in renting. You can't blame companies for going with the requests and trends of their consumers. This predates Covid btw.
@gaborb6577 Жыл бұрын
Just ask all the people working now in car dealership to go work on constructuin sites.
@KENKENNIFF Жыл бұрын
@@vladimirofsvalbard9477 I agree, renting is better - if you dont like your neighbours you can just move. I even sometime arrange moves a couple of years in advance and start arranging moves as soon as I get a new place. People are generally dicks and it helps to be able to let them know there is a deadline on their bullshit. But even that is getting too expensive - we need more houses.
@thycatalyst Жыл бұрын
This is the problem with this hustle grind culture, people at the bottom come to lose.
@NeilEvans-xq8ik Жыл бұрын
History shows that humans seem to be overcoming exploitation, however slowly, at least since the Enlightenment. Slavery, a reality for so long, was finally deposed in recent centuries, for example. I hope to see employers and landlords be replaced by partners in business and universal basic services for all so that nobody is left economically vulnerable to exploitation by people who don't want to work for a living and would rather exploit their less fortunate brothers and sisters. We need an economy based on creativity, not exploitation. If you are a landlord you should feel ashamed of yourself because you are essentially a slaver.
@Whoo711 Жыл бұрын
lol That guy really thinks "only 20%" of landlords are really-bad? Please It's probably more like 50%, AT LEAST maybe 75%, if not higher
@svenerikmoeller88097 ай бұрын
Lol, we get the same sentiments as yours here in Australia. Everyone against landlords without realising that 71 percent of all landlords own only one building!!! After mortgage, tax and council rates we tend to make less then what they unemployable losers get from the government that we fiscally support. So in that maybe do what I have done , work and save!!
@bartosz77066 ай бұрын
100% is bad dude
@svenerikmoeller88096 ай бұрын
@@bartosz7706 Matey, I will be absolutely delighted to share your viewpoint with any current or future landlord, well done !
@carmattvidz4426 Жыл бұрын
I know this is dream but image if there was a law. A law that say you can only own the house you actually live in. Image how much cheaper housing would be when this small group of people can no longer hoard all the houses from people who just want a house to live in. The problem with housing (in Australia and UK) is about rich people making more money then people having shelter. It all about the parasitic landlords making money and the consequences is kids sleeping in cars. Our winters are nowhere bad as the UK but my car will still be iced over by sunrise. Not nice weather to be homeless. That the problem too the parasitic landlords have never been homeless. We should force them to spend a few weeks homeless in the winter. Let them sleep with the ice and snow.
@easytoassemble54321 Жыл бұрын
"I renovate everything to a high standard, so my tenants are happy". Yeah, son. That's precisely the reason you decided to make an investment in property. To make tenants happy. SMH. Next he'll be telling us landlords provide a service.........
@noire9601 Жыл бұрын
I shouldn't have to fund their retirement and vacation plans and having kids like bunnies multiplying. My rent should ONLY offset a PORTION of their mortgage, not all of it, not for profit. Every rental agreement known to man, should have a stipulation that mandates that the highest rent charged should be to cover like 50-60% of the actual mortgage cost only. Not interest fees and not for the purpose of trying to make a profit. Period. Also, tenants should have access to their mortgage report that proves that the landlord can afford their own home and that the percent they cover is indeed 50-60%!
@goych9 ай бұрын
Perfect I think the same This is what people don’t seem to understand the market is rotten itself, the moment you enter it you become a greedy money grabbing dickhead Why am I paying your 2nd mortgage for you? Why have you even got a 2nd mortgage? I struggle with 1 mortgage and I’m lucky to have that! Either get to the root and change the system or just start again, end landlords for good Personally I think they are beyond saving at this point
@pbeeby Жыл бұрын
Landlords make money by taking advantage of people that can’t afford to buy a house. That’s not good or bad that’s the business model but don’t try and dress it up into some noble activity and pretend you are trying to help people. Using capital to buy houses and rent them out doesn’t produce a dynamic economy. Also, the dream of everyone becoming a landlord is a joke as landlords need a pool of people that are forced to rent otherwise they would buy their own place
@stephenwalker2924 Жыл бұрын
influencers and snakeoil sellers have to pretend to be noble. it's in the sales pitch: class one, lesson one.
@NeilEvans-xq8ik Жыл бұрын
I agree with most of what you said here, but not the part about the business model being neither good nor bad. It is bad because none of those landlords would trade places with their tenants. If any action is such that the person doing it would not like that done to them, then that action is bad. Separating businesses models from our ethical deliberations immunizes them from criticism and therefore prevents progress. And we need progress, especially in this domain. We need to move from an economy based on exploitation to one based on creativity, and the freedom of everyone to make use of theirs.
@pbeeby Жыл бұрын
@@NeilEvans-xq8ik 100 percent agree. It’s a terrible business model but I think what I was trying to say is that the problems are systemic and it’s not about good people or bad people. The system is set up to encourage one group of people to exploit another group for the sake of profit
@pbeeby Жыл бұрын
@@NeilEvans-xq8ik I think you’re channelling the American philosopher John Rawls with the point about trading places. Someone to live should be a necessity and a right. Freedom from homelessness.
@prettykitty54168 ай бұрын
And? Everyone makes money off of taking “advantage” of someone. Big corporations make money off of workers by paying them peanuts and making them dedicate 8 hours a day to their company, grocery stores take advantage of people who can’t afford food by raising prices, colleges take advantage of people who can’t afford it by giving out loans and putting you years of student debt, gas stations take advantage of people by charging $5 a gallon in certain states. Everyone is looking to rip someone off. Welcome to planet Earth. What else is new?
@fostexfan160 Жыл бұрын
The greed of human nature increases with each new generation
@hersdera Жыл бұрын
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!
@AJ_Cricket_Fish9 ай бұрын
The buy to let mortgage is the stupidest thing in the history of economics. Person A can't get a mortgage because they don't have money for a deposit. Person B pays that deposit. Person A then pays off the mortgage, while paying extra money to Person B for the privilege. Person B gets to keep the house at the end of it. If Person A doesn't like it. Their other option is homelessness. Person B uses the profit to pay deposits on houses for Persons C,D,E and F to pay the mortgage on. Then keeps those houses at the end of it all. Landlords are exploiting a basic human need for their own personal profit. It's a government backed extortion racket. End buy to let mortgages immediately. Rent control based on Council tax band immediately.
@rosab2655 Жыл бұрын
So basically more social housing is needed. More houses built, managed by councils, means more affordable rents, a home for everyone, and no more exploitation of tenants by private landlords.