Why Landlords Are Selling Up - Does it Matter?

[@austinbar]

In USA, I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[@rogerwheelers4322]

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

[@joshbarney114]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@FabioOdelega876]

Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.

[@joshbarney114]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@FabioOdelega876]

I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@tatianastarcic]

I sold an apartment in Rochester and made about $250K. I was frustrated when I only earned $171 in interest from a regular savings account. After doing some research, I was advised to invest in stocks. Are these stocks a good point to start from?

[@TinaJames222]

While the stock market is promising and can give good ROI, expert guidance is essential for effective portfolio management so you don't get burnt out in the market as it is very volatile.

[@nicolasbenson009]

true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@sharonwinson-m8g]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@nicolasbenson009]

Finding financial advisors like Melissa Terri Swayne who can assist 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.

[@Vincent-j8u]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@VTh-f5x]

My fellow brits, welcome to the age of corporate slumlods.

[@hughjohns9110]

No. The legislation and tax regime means it won't be viable for corps to be landlords either.

[@VTh-f5x]

@@hughjohns9110 they make the legislation bruv.

[@hughjohns9110]

@@VTh-f5x what?

[@johnporcella2375]

​@@hughjohns9110No, this is not so. These faceless corporates CAN claim 100% expense offset on any mortgage interest, unlike many small landlords who own the property portfolio in their own name and can only claim back 20%, so higher rate and additional rate income Tax payers lose out.

[@hughjohns9110]

@@johnporcella2375 1. Private landlords have the option to form ltd companies and sell to those companies, if they wish. 2. Large corps will have enormous overheads to cover which private landlords don't have. 3. In fact even for 20% taxpayers, letting is not viable, and you can get a better ROI from many savings accounts.

[@anthonyilori-s7r]

The days of papa and mama landlords are over.Welcone to the age of the corporate landlord.Setting up a regulated collective investment scheme (buy to let)fund is the way to go for experienced landlords

[@Paulweller-ru2yo]

exactly!

[@kevinu.k.7042]

We need a good supply of rented housing which allows people to move around the Country, for work and other reasons. There is no one solution for everybody, all of the time.

[@SigFigNewton]

Vacancy tax. Triple the number of homes on the market for renters or buyers with a hefty tax on the hundreds of thousands of homes that have been long term vacant.

[@jamessmithson-br7rm]

@SigFigNewton - what buyers!? I’ve been trying to sell my flat for nearly 2 years, had it on for less than I paid for it in 2018 (nearly 1/2 what the bank valued it at in March) and I also put it to auction - nobody even bid… I had to relocate for work, so now I’m renting in London but have an empty flat in the midlands. I don’t want the bloody thing! The issue is that there are not enough first time buyers who can actually afford to buy! I’m going to have to rent the flat out, but honestly the plans for rent reform are going to make it cheaper for me to leave it empty again - even if they did a 3x vacant tax. Do that and it just becomes worth the risk not to declare it as vacant.

[@AG-kb7yb]

​@@kevinu.k.7042😂 What is needed is a good supply of new houses.

[@CarlSmith-bs4qx]

The smart money has already left the market.

[@lawLess-fs1qx]

sounds a lot. 85% House price appreciation since 2009. 5.6% per annum vs 12% sp500. Only advantage is easy Leverage in housing. No bank will give you 250k to buy shares, but 25k deposit will get you 10x leverage in houses.

[@justinstephenson9360]

It matters little to the housing market if landlords are selling to other landlords - the number of landlords is pretty irrelevant, it is the number of properties in the private rented market that matters. Of course this can be very relevant to tenants if their new corporate landlord is a slum landlord The reality is that the UK has been here before, multiple times in the last 110 years. If a combination of restrictive regulations and relatively high tax levels means that being a landlord is uneconomic or at best, less profitable than other types of investment, landlords will act rationally and sell up. IMO we will see a lot of smaller landlords sell up, the combination of regulations that will require a lot of capital investment (assuming you can find builders to do the work) and higher tax levels pretty well ensures that. In some areas, especially in nice tourist areas, this will be devastating as the homes sold were go as second homes or holiday homes, they will not be housing locals

[@dumbguy1007]

Restrict buy to lets only to properties that need extensive work to become livable again, get that money into actually recovering the housing stock levels, and landlords can actually legitimately claim they are "providing housing" instead of buying a family home and slapping an extra 50% or more on top of the mortgage in rent and putting up a grey coat of paint.

[@alkaholic4848]

Difficult to prove though

[@theoutsider6191]

One problem with respect to meeting EPC insulation standards is the increase in insulation on walls can cause major problems in older stone and brick built properties. So to get this work done properly can be costly. Much more than you may think. You also need to be sure you get the right advice as there are builders out there that will slap up cladding that's flamable for example, rather than apply a high quality fix for your money. So with this in mind it's no wonder many landlords are considering getting out.

[@user-xu5vl5th9n]

Not a disaster for landlords but it will be for tenants in many cases. When selling up tenants often have to leave, and that will remain the case even under the new renters reform bill. Sitting tenants normally pay lower rent than open market rates so they will not only have to move but also face higher rents when they do. If labour implement 3rd generation rent controls, which restrict rent rises during the tenancy, that will also drive up the initial rental rate. Landlords will keep properties empty while waiting to get a higher rent. If the property is sold to another landlord, quite likely through a company, the rent will also have to go up to market rates. This is because investors buy on rental yield so to get the best price requires the best rental yield. If rental properties have to meet EPC grade C or better, as Labour plans, it could be hugely disruptive and costly for many tenants. It is a slow motion train wreck that politicians don't seem to want to stop.

[@SigFigNewton]

Solution is far far more supply. Vacancy tax on long term vacancies in addition to subsidized construction. Nothing else needed. A healthy amount of supply is the amount that would bring home prices down enough that buying with a mortgage with intent to be landlord offers a decent cash flow.

[@domtaylor2271]

You said that tenants that can afford to buy are only a few at the margins. But consider that the mortgage cost can be fairly close to the rental cost in many cases (not only a tiny number at the margins). In that case the issue is mostly deposit/lending multiple and not monthly cashflow. Thay category if problem is solvable by appropriate policy such a government lending at commercial rates but 0% deposit so long as the tenant can prove a long and stable record of paying up. I'm sure thw policy i mentioned has flaws but I'm just shooting from the hip on specifics. I'm sure big brains could find something that works on this

[@dennishaggerty463]

On a positive note about small landlords I know two who are defying the odds and ignoring the doom mongers, not because they are contrarian investors, but because they don’t want to turf out their tenants and their families. They genuinely want to look after them. Unfortunately as the government are piling on regulation and killing them with tax, these landlords will have to increase rents to survive. They run businesses not charities. The bottom line is that the government are penalising good landlords like them. Whereas the dodgy ones will survive under the radar as private rented accommodation supply falls against a background of increasing demand. This will end in tears and it’s the homeless tenants who will be crying.

[@theolddog5129]

Likewise, I know a private landlord who has not increased the rent in 8 years and actually reduced it by about 5% when the energy price rises hit as he did not wish to see the young family suffer hardship.

[@TheBillaro]

the way of things there these days sadly.

[@SGIQ7]

@dennishaggerty. Very well said. Many landlords care about their tenants but are running a business and costs have been rising massively.

[@MrJimtimslim]

I still make decent returns on my flats. They're high end, fully furnished , well maintained. Never really had a problem with tenants. That said I'm not that interested in buying more at the moment . My costs are low though. My brother runs a great letting agency, i do property maintenance for a living and i have low leverage so small mortgages as im getting older. I bough my 23rd and most likely last property last year. We'll see.

[@hughjohns9110]

So - legislation requiring rental properties to be insulated to a certain level, but no such legislation for new builds.

[@redbruce1999]

I assumed they were. New builds are exceptionally well insulated.

[@oojimmyflip]

When shopping for my first rental many properties had new boilers and loft insulation raising the epc to level C. Even very old properties. And these are 3 beds in Notts under 115k

[@Rockstar21234]

Loving it, it was about time they been pushed to improve their properties and stop shady landlord activities

[@joannabaker6398]

shall we talk about shady activities of tenants?

[@Rockstar21234]

​@joannabaker6398 That's why DBS and other background checks exists. So you don't have to deal with bad tenants. In fact there is plenty of tenants to choose from.😊

[@joannabaker6398]

@@Rockstar21234 DBS won't show you that the tenant was paying late, thrashed the property, was generally obnoxious etc. Any reasonable landlord will avoid going to court because, practically, it is a lengthily and costly affair. Some even pay the horrible tenant just to get their properties back. And you wouldn't give them bad references because otherwise they will never leave. I had a tenant who asked me whether he could not pay me for a while because his daughter was sick; he would pay me back later. When I asked for my money 4 mths later i found out that the family had just left the property.

[@piotrwojdelko1150]

I don't understand these people they want cheaper houses but some bulding materials have risen by 100% in last 10yrs .I understand that people are worse off but flats can't be cheaper

[@kevinu.k.7042]

I know of one London Borough which has set up an arms length housing company which buys up properties on the open market and rents them as social housing. If one borough is doing this then it is likely more are. Great video - Thanks.

[@rainhas.7095]

Which borough, this sounds quite innovative for a council!

[@kevinu.k.7042]

@@rainhas.7095 Brent - In my experience Councils can get quite innovative. They started a few years back. I suspect it lets them get past restrictions on building, or something.

[@johndinsdale1707]

Hang on, why do you think asset price inflation will slow if central banks continue with quantitative easing to support growth to pay the national debt interest carry trade. The US central bank has signalled the charge to lower rates.

[@jontalbot1]

We are in an era of quantitative tightening. Keep up

[@veyblu7]

Exaclty what i was thinking. Asset prices will continue to rise - there's simply been too much QE for this not to happen.

[@hohinlam7996]

They are easying bc assets and product inflation are slowing down ( based on dodgy national statistics reports )

[@robertstevens2857]

'at house prices near eight times income, i cant see them rasing much further' .... i remember people saying that when it was 6x .... i doubt it will stop growing just move to the corporate sector where they will just get away with it in even further .... case and point being fire insulation that is till being ignored.

[@NSBarnett]

"Many councils are close to bankruptcy" (10:10) and so can't buy houses to let them as council houses. But the government isn't close to bankruptcy, it's the government, it can't go bankrupt. It could buy houses.

[@mattmackenzie1111]

Your comment would suggest you don't understand economics. If a government borrowed to much, the markets will lose confidence in the currency. The currency will devalue inflation goes up followed by interest rates. People won't be able to pay there mortgages and we will fast turn into Zimbabwe.

[@alexstone1492]

Two houses on my street are on sale and have been sitting empty for a year now as their owners don’t want to be landlords anymore. That’s two properties less available to tenants

[@Manos-de-Piedra]

Are they decent houses in good condition?

[@thecheesefactor]

I was in a house like this as a tenant. Told to get out last summer with 2 months' notice because the owner did not want to be a landlord anymore. I told the landlord what it was like in the market and got extension to this spring. Had to view 100 properties and pay 6 months' rent in advance to get a property 60% the size, same rent. The benefit though, was that damp was coming through the bedroom floors and it had been slowly contaminating the old house with mould. This was despite me purchasing and running four dehumidifiers (3 small, 1 large) on all but the driest days. This landlord was also lazy, and expected me to do virtually all the property maintenance, so am well out of there. It is very easy for me to see how people have been made homeless by the present situation. Market failure under the Tories. They are garbage. Since I left five months ago, the house has sat empty with the lawn mowed once.

[@everest9707]

Thanks for another informative video. I was glad to see that you provided a balanced view - unlike MSM etc 👍

[@ox3965]

Land lords are not the direct problem. The problem is, is landlords with over 6 property's plus. I know one landlord with 40 propertys are a mini, in one area thats 40 familys without a home.

[@jamessmithson-br7rm]

Yes, it does matter. Bottom of the market has gone. Without buy-to-let landlords there aren’t enough first time buyers who can actually afford to buy. It is nearly impossible to sell at the moment. I’m in my early 30s and most of my mates have a flat they bought in their 20s which they’ve been trying to sell for the last few years, but just haven’t been able to sell. There just aren’t enough first time buyers out there. They have now been forced to become reluctant landlords. Also, with a lot of larger landlords selling up there is now a reduced number of available rental properties. It has made it super competitive to rent.

[@daverich3352]

I think 'afford to buy' is the key detail, a market fall would help make more people would be able to afford to buy.

[@TheBillaro]

and with laws favouring tenants and higher interest rates, it's a tough position.

[@intent7705]

We simply need to build more flats and houses. Unless we do this, there won't be enough and you will have landlords selling and people renting/owning a mortgage where so much of their income is spent on housing.

[@SigFigNewton]

Yes. Zero of the problems being discussed would not be solved with a sufficient supply of housing brought to market.

[@SigFigNewton]

More supply isn’t just the best solution, it’s the only possible solution and it’s the only solution needed.

[@LondonMoneyCashEnterprise]

The labour neoliberalist clowns will never do such a thing

[@SigFigNewton]

@@LondonMoneyCashEnterprise Torys are more pro-adding-supply-to-market than is labour?

[@realest-12]

Complete rubbish, so many empty properties. Affordability is the problem

[@alexstone1492]

When I moved to a my new house I thought could let my previous house, which was in a very attractive location in London. With the new interest rates (and they are higher for landlords) and no mortgage tax deduction I would have got no profit whatsoever. So had to sell.

[@alexwestworth6962]

If I was a landlord and surveyed about whether I intend to sell, I’d say I’m going to sell in the hope others do the same as depress property prices due to more people selling in anticipation of more people selling.

[@dongmingzhu666]

Landlords are selling up coz theres no profit to be made! Simples!

[@leeyo5494]

they had a good greedy run

[@anthonybrown4874]

@dongmingzhu666 They had in effect a subsidy whereby they could expand rapidly with high LTV and house price inflation allowing the growth in value of their house portfolio to fund deposits for their house of cards empire which left them vulnerable to higher interest rates and tighter lending criteria. I dare say many switch to HMO & student let portfolio operations.

[@SigFigNewton]

Yes, far more supply on market needed to bring home prices down so that landlords can buy with a mortgage and have better cash flows

[@mlai5001]

About 2-3 years ago, a policy was launched to stop the landlord to have tax reduction from the mortgage interest. The impact was more landlord left the market. Due to less renting property supply and inflation, the rent has went up a lot. I can only see the new policy today would increase the landlord risk and the cost, in a free market, the rent will go up because the supply will drop and to cover the risk. This policy would only help the politician to have more vote but not help to suppress the rent.

[@jimberkt]

If they were only able to make profit with various tax refunds and govt support then it wasnt really profitable to begin with. Just more govt handouts to the already wealthy.

[@simonsmatthew]

A big reason landlords in apartments want out is that they are seeing huge increase in charges - for repairs or service charges on buildings. These for many have doubled over just three or four years. There are also licencing schemes that are increasingly being intoduced by councils. Meanwhile the rise in rents seems to be slowing, so really you don't make as much money this way as many people believe. (Not that I ever thought it was really a great way to do so in the first place.) People were definitely starting to notice the squeeze even before the election of the Labour Government. Promises to reform the leasehold system also never materialised, another incentive to sell. But now with the Labour Government, especially Section 21, and especially concerns over capital gains tax increases, it is definitely time to get outt. I suspect after the CT Budget we will see a slowing down in the selling market because of the huge costs of selling, but buy to let is definitely over. Great chart at 3.58 and this makes things very clear. The main landlords who benefited were people who bought properties in the early 2000s or before. The rents just paid for the borrowing costs. But the return came from the capital gain from property price increases especially between 2000 and 2007.

[@craigmore3433]

What about an incentive to take in lodgers?

[@jonathanjonathan7386]

already exists, first 7.5k tax free

[@chrisfactoryboi]

To everyone celebrating this, be careful what you wish for

[@johnporcella2375]

Yes. Please note that from this chap's figures, as landlords have been leaving the private rented sector, what has been happening to rents? Rising extraordinarily!

[@davideyres955]

What we will see is large corporates snapping up houses and they can afford to keep properties empty if they don’t get the rent. ie rent control for their benefits. That also have unlimited money to spend on corporate lobbying and lawyers.

[@Paulie44]

@@davideyres955I’ve been saying this on Facebook Landlords UK group and get laughed at each time I say it.

[@SuperCapuka]

Yup I have been seeing in the last 3 years, private investment companies buying 100+ homes in one site that I have worked on. The private rent market will follow the groceries market. They will all sit together and decide the pricing behind closed doors. At the moment they are only buying let’s see in 10 years time when their portfolios have proprieties everywhere in the country. The solution? Live poor and save for a deposit to buy your own home. Otherwise you will be at their mercy.

[@Definetly_not_a_BOT]

​@@SuperCapuka Or just leave as we (a young family) did. We didn't want to waste money on overvalued UK houses, and anyone who visited abroad can see this.

[@kalex381]

If landlords are selling and people cannot afford to buy houses because they are very expensive, then who is buying these properties? And also who is buying these properties does not matter for house prices…as long as there is more demand for housing than supply, prices will continue to go up at least in nominal terms…

[@patdbean]

4:00 there will be no large fall in house prices, all the time we allow/encurage the population to incresse 500,000+ every year.

[@kjkj4725]

People that hold savings for mortgage were waiting for 5-10 years already… Prices have to go down. The bubble has hit the point where it can’t grow anymore, most people are broke and can’t pay.

[@johnholkham2420]

Buy to let is an investment just like shares or bonds, when times are good they make money but when bad they may loose. If I loose money on shares will the government help me. Investment is a risk. The model of a landlord buying a property with minimum deposit and interest only mortgage may be gone. These landlords were making money of a Building Society loan with little financial input by themselves, now the property boom is over ie property just can’t get more expensive. Now some one buying to let faces higher interest and very little room for growth in value.

[@3d1e00]

I would think build to let will be the way eventually. You'd need to have a full stack renovation team to deal with that EPC issue or you'll get rinsed. No way that works for small landlords in my opinion.

[@lonevoice]

This whole area has many interconnected factors that need to be considered. Simplistic evaluations of the type that politicians tend to do doesn't work and leads to really big problems further on and that's where we are heading. The first and really obvious one is that we have an aging population with a declining birth rate. With a reduced workforce and increased retirees we face a problem and burden on the working population. How do we deal with that? I suppose there are two main options. The first is that we create a stable housing environment with sensible prices for the young to set up home and start a family. At present, without some drastic changes that isn't going to happen. The second is that we allow immigration but that will involve a massive investment in house building and infrastructure and will meet stiff resistance from the public. There is no immediate solution and politicians are hopeless at planning ahead so we seem to be likely to face a grinding fracture of forces tearing in opposite directions until there is some sort of eventual resolution.

[@theolddog5129]

I susect we will end up with young people having to take longer term mortgages in order to purchasse a home. Perhaps lifetime mortgages as in Japan?

[@lonevoice]

@@theolddog5129 Yes. That's the route that they have taken and are faced with a real problem. They are very much anti immigration and over the last 15 years have seen their population size drop by 3 million as the population ages and the birth rate falls.

[@alihaggis78]

If big companies are buying up the housing stock, Why doesn't the government buy a load of them then? The rental income will give a bigger return than the interest that the government will pay on the investment.

[@randomrandomness8743]

Getting rid of S21 + the EPC 'C' regulations coming in by 2030 will determine who wants to be a landlord by then. I think a lot will have bailed out by then if they only own 1 or 2 properties = not worth the hassle/expense.

[@glostergloster6945]

Yep, and the reality is many of the Victorian housing stock can NEVER be brought up to EPC C. They are too old and too badly built. So what happens to these properties? Bulldoze them?

[@AUNEDJ]

There are always tricks to increase to C. It is not grade A or B.

[@joannabaker6398]

@@AUNEDJ on paper - yes

[@dennishaggerty463]

@@joannabaker6398 EPC is just a paper exercise, that’s the point. Often it’s a matter of opinion if the property is a C or a D, there will be several EPC ‘inspectors’ doing very nicely out of this! ‘Hello Mr Landlord, slap some insulated plasterboard on that wall and you can have a C rating….. or fill this envelope with tenners and I’ll assume the work’s already done.” Of course it’s a noble profession and no one would ever do such a thing.

[@joannabaker6398]

@@dennishaggerty463 That's my point exactly. This is also what I think about when people are talking about "taxing the wealth". I imagine all those brown envelopes being passed just to ensure "correct valuation"

[@patdbean]

4:38 in the future landlord will have to buy outright to make a profit If a tenant can afford to pay YOUR mortage he can afford to pay HIS own.

[@lh4394]

What video?? Think you forgot to add it at the end

[@terryj50]

Of course it matters the people who will buy these homes are big landlord groups not the people renting so rents will go up as supply goes down.

[@JunlaiAiguo3c]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly... Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@ChengHao03]

Keeping some gold is usually a wise decision.. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@Friedrich-j3i]

Could you possibly recommend a CFA you've consulted with?

[@Friedrich-j3i]

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

[@Jeffybonbon]

You have missed a very important point and its the average age of a landlord in the UK 75% is owned by Landlords over 55 and a lot around 66 they will sell because of death and retirement We wre seeing professionalization of the PRS and i think landlords who stay will treat this as a business not an add on or something in the background I a a large Landlord and I can say bussiness is bloody good yields are going up evey year demand is through the roof my tenants are not move as they are on below market rents i am 66 and BTL has given me a life away from the 40hrs a week when i was 40 BTL has been bloody good for me I a now a Pensioner with my private pensions along with my BTL income I am not grumbling

[@seany8787]

Did you grumble when your winter fuel allowance got taken from you?

[@theolddog5129]

@@seany8787 Excellent! I was about to type something similar.

[@theolddog5129]

Thank you for that insight. I am a young glamour model, ex-wife of the former General Kdodgo, looking for a father figure as a guiding force in my life.....😁😁😁😁

[@Jeffybonbon]

@@seany8787 Good question I got my state Pension this month and i never got a sniff at Fuel allowance plus if your on the new state pension of 222 per week you cant get pension credit with the income i have i am happy enough not needed thank goodness

[@GrahamWoodward-ww1zf]

The corporate outfits like John Lewis and others are moving in big time, they are not buying terraced housing at auctions but building multi million pound new apartment complexes in city center locations that will yield for the next 100-150 years (welcome to the future).

[@dumbguy1007]

So they are building new housing, what's the problem? The issue with buy to lets it pricing out normal buyers from existing properties.

[@thomasdwalker9696]

As a young person that’s exactly what I want.

[@nickk8045]

Complexes being built. Looked at prices 400 grand for 1 bed flat £200 per month maintance fee. These are not built for ordinary working class families

[@hughjohns9110]

@@nickk8045 singles need homes too, Einstein.

[@flyinghedgehog3833]

Check the rent for these corporate build to rent units...a lot Higher than you might hope for !

[@SarahWalker-Smith]

Lloyds have said they want to be the UK’s biggest landlord.

[@eddyjawed4871]

This is against all monopoly and competition laws. I'm surprised we sit back and allow it to happen it should be stopped

[@bikusmoto59]

​@@eddyjawed4871We keep voting for the uniparty like turkeys keep voting for Christmas.

[@Paulweller-ru2yo]

just a matter of time

[@TangoVictorSierra]

@@eddyjawed4871 This is what happens when all the small private sector landlords are forced out, and a void is created that the government has no chance of filling itself.

[@akosiamarillo]

A bigger landlord like Lloyds will be more pro active to tenant demands, be more up to standards to avoid falling foul of regulators. Heres hoping. But at least this will rid of small landlords who are just in it for a quick profit.

[@ThePoker31]

There is money in being a landlord - that's why large companies are buying in bulk. Nothing suggests a housing crash especially when the min wage is growing so rapidly and mortgage rates going back down.

[@SGIQ7]

Corporate landlords can probably borrow more cheaply, can offset all of their costs before tax unlike some small scale landlords and they see a long term investment.

[@patrickdegenaar9495]

20% year on year returns cannot last forever, especially if it is to the detriment of the real economy. We are simply getting back to an even footing between property and other investments.

[@searchingfortruth4783]

Cantillion effect in action. The big corporates can borrow at next to zero interest. Force out all the 2 property owner small businesses and buy up the surplus housing. Combined with the keeping empty until the high rent is met (See to let businesses up and down the country), this is a disaster in the making.

[@arthurdixon5890]

Once the rented accommodation is sold then Labour will build all the houses the country needs. (Not!)

[@sciencefliestothemoon2305]

Should vote Tory next time, they are supporting the British people.... (Not)

[@SigFigNewton]

All we know so far is that Torys failed

[@arthurdixon5890]

@@SigFigNewton Let us hope that Labour match their promises. Only time will tell.

[@SigFigNewton]

@@arthurdixon5890 a good half of their promises are misguided

[@claireclaire238]

There is no left and right only WEF puppets installed to push agenda 2030. Removal of private property rights is next on agenda like all the other commie planks already fulfilled.

[@youtubeman5033]

Landlords are selling up I’m seeing this now in vast amounts , does it matter course it does, where are all these people going to live , and take a look at rents they are booming at the mo, there is going to be lots of homeless people out there and with the new rules it is going to be so hard for new tenants to be accepted, I had 35 people apply for my last 3 bedroomed house , so 90% of the applications went in the bin, I could pick the best family out of the rest , I am treble checking everything so if there is no history of renting to prove it’s in the bin,

[@princeofdenmark9142]

Will the government offer incentives for landlords to sell to incumbent tenants. Difficult to justify calling it a crisis and doing nothing about it for twenty years.

[@mikez2779]

all they have to do is: 1) wealth tax paid for every property you do not personally live in, for at least several months in a year 2) income tax applicable to all income made in UK - doesn't matter who you are and where you're from, if you made profit from anything UK related you should pay tax from it in the UK. so no more mocking about with non doms 3) any form of capital investments in the existing property sector should be taxed to the point of making it very clearly unprofitable 4) there should be non-profit publicly funded housing associations offering rental housing to those who can't afford to buy do them 4 and landlords would be selling to whoever would be willing to buy - which means either them housing associations or their former tenants cant wait

[@hughjohns9110]

We have a population crisis, not a property crisis.

[@nothereandthereanywhere]

@@hughjohns9110 Population isn't an issue for the economy UK has. The problem is, there isn't enough properties for the population.

[@hughjohns9110]

@@nothereandthereanywhere well done Einstein, thats exactly what I said. However an increasing population also need more public services and infrastructure, neither of which we have so I disagree - it is a problem as well as housing.

[@aliasgur3342]

Labour should change the law so landlords can't sell or increase rent more than inflation. They should also force landlords to insulate their properties. This will solve the housing crisis.

[@LD-vn3zu]

I see mass homelessness on the horizon…

[@Hession0Drasha]

The uk already has the worst homeless rate in the developed world 😅

[@SigFigNewton]

Absent a huge influx of supply of homes to market, yes.

[@SigFigNewton]

Everything else is meaningless quibbling

[@Definetly_not_a_BOT]

9:16 it's already happening.

[@crochetomania]

And yet there are plenty of empty accommodations on every high street in every town. Our town centre is empty above the ground floor. And it’s three-four storey buildings.

[@davidgoodwin6731]

Show me a government bashing a landlord and I’ll show you tenants being charged rent till their pips squeak. It’s a shame the government don’t take measures to encourage landlords and private accommodation so that rents come down .

[@Robertas919]

Buy to Let should never be a thing. PERIOD!

[@HelenFry-b6j]

As a 15 home landlord we have had enough we feel so sorry for our tenants because within the next five years there will be so many homeless people in the UK. Just spent 20 months in court to get non paying tenant out of a flat and now we have a £20,000 refit bill and at least another four months of no rent. Total cost to us £20,000 refit legal bill £9,000 loss of rent £30,000 total £59,000 why become a landlord. And still our tenant had another 7 days to remove there goods after court bailiff served notice, welcome to madness Britain.

[@rorybrooks1969]

You own 15 homes. That is 15 more than any of your tenants. Forgive me if I’m don’t shed a tear in pity for you

[@realcodecruiser1588]

@@rorybrooks1969 I am sure these small landlords will cry up a river when renters are properly shafted by corporate slumlords.

[@mayadaniels91]

@@rorybrooks1969 so what if he does… he’s proving a service to people. You wait until the rental sector is run by the likes of LLOYDS Bank. Tenants will remember the good old days of private landlords & wish they had not wished them away! Have you tried falling behind on your mortgage? What grace do you get from the bank? Renters Rights bill is SILENT on corporate built to rent schemes for a REASON u utter utter fool

[@sambaker2611]

Boo fucking hooo - you want to take advantage of people by owning 15 homes that they will never be able to buy, then you have to be prepared for there to be financial risk. You want all the financial gains with 0 financial risk. If you're not prepared for this to happen then don't be a landlord. Honestly the complete lack of self awareness from landlord is exactly what pisses renters off. If you want to just collect interest with no risk then put your money in the bank or buy gilts. But nooooo you want the better returns. Well guess what, that comes with risk

[@redbruce1999]

Are you at retirement age? Many BTLs who bought during the BTL boom are reaching that age and are selling their properties.

[@afrofy2431]

Property is maxed up, rent economy

[@sftmol]

Tent sales will skyrocket

[@djmattblack]

Most new build houses are being bought by investment companies now who will just rent them out at extortionate rates

[@Hession0Drasha]

In the south, they cost double what the average familly could reasonably afford. Who in their right mind, would pay 300k for 50% of a new build 3 bed house?

[@SigFigNewton]

@@Hession0Drashait’s fine if investment companies are buying them… when there are enough homes. Only requirement is competition between investment companies. A healthy amount of supply on market would be the amount needed to make the investment companies undercut each other, offering cheaper rent to attract a limited supply of tenants.

[@SigFigNewton]

Supply to market. Nothing else matters. Would be happy to explain why if u gots questions

[@jackrupal-pq2nq]

Yes it does matter because government's can't afford to build them and the way things are going the young people can't afford the mortgages something always goes wrong , sad really 😢

[@3thinking]

(Labour) Government will offer low interest, zero deposit, high multiple, tax-payer backed mortgages to anyone for their primary residence. What will this mean? Even the poorest renter will be able to afford a home, meaning the rental demand will vanish and BTL barons will be forced to sell at low prices.

[@user-Wojciech]

We know how low interests rates and zero deposits worked in the past - massive housing price increases.

[@phils4634]

Consolidation of ownership (as well as now the involvement of non UK Corporates including the notorious Black Rock. The future's not looking so great for the UK renting population, especially as financial barriers to ownership are rising ever higher. The UK is facing a demographic catastrophe, with renters having no home to "sell" to help with the transition from working to retirement, a catastrophe which will need to be met by the Government, somehow.

[@Philip-x3d]

its not thought thro is it ? ( surprise, surprise) So - if a tenant wont leave after being told to, then what landlords MIGHT do is be rather tardy in getting repairs done or broken items replaced. RESULT : Misery for landlord AND NOW TENANT TOO !!!

[@kjkj4725]

If nobody can buy the flat then landlord will be forced to lower the price. This will take some time but it’s necessary.

[@dcphillips1991]

"High tax" or after tax profit compared to income which is pre tax "profit", landlords still pay less tax than working people.

[@joannabaker6398]

explain

[@paulmetcalfe4054]

This man is all charts. But adds his own assumptions on why landlords haven't sold up. It's not empty threats from landlords that they are going to sell up. They are, but it isn't that easy. I and every other landlord I know is at least downsizing their portfolios, with some getting rid completely as the future is only rosey if you're a corporate landlord. This govt looks like Blair Mk II. Why does New Labour hate the lower middle class who strive to better themselves over corporations who couldn't give a shit about their tenants and see them as nothing more than a number on a spreadsheet. It's always baffled me.

[@crochetomania]

Maybe because they are striving to better themselves on the back of working class people who are really struggling? Buy to let should have been illegal in the first place.

[@mayadaniels91]

Corporate landlords will be vicious just like banks. You’ll regret this period of our history. People who rent won’t know what’s hit them. Illegal? You haven’t seen how bad things will get when your landlord is Lloyds bank mate

[@redbruce1999]

I assume you support the much needed changes to legislation that without has allowed bad / imoral landlords to flourish? Those changes are essential. But on S24, I’d support abolishing that, as it doesn’t benefit tenants. If they did abolish S24 would you stay as a landlord?

[@TangoVictorSierra]

As a landlord I’m selling. Far too much risk for so little profit. Big capital gains that we’ve seen in the last 20 years are long gone. Labour’s CGT tax raid is the final nail in the coffin. Removal of s21 and the difficulty of evicting a non paying / destructive tenant is poorly understood by the average person, you have to be a landlord and understand how useless the court system is to know why this is a disastrous change. That, and far too much regulation, new rules, and a society that has an unwarranted culture of hate towards landlords, all of this makes it no longer worth it for myself and many others no doubt. There are no winners here. Tenants are not suddenly going to start buying their own homes on mass, where are tenants going to go when they are evicted because the landlord sells up? That’s right, straight back to the PRS, only to find even fewer stock available, and with higher rents and more competition. PRS demand is only going to increase. Where are all the hundreds of thousands of immigrants entering the UK every year going to live? Are they all going to get a mortgage the moment they get here? The only solution I can see is to encourage more investment into the PRS; I.e. do the polar opposite of what we have been doing since the tax burden on landlords was introduced in 2015. Make it more profitable to be a landlord, and the supply will normalise, in turn forcing landlords to make their properties as attractive as possible to keep their tenants, and in turn solving most of the problems both tenants and landlords face.

[@hughjohns9110]

This is spot on.

[@loc4725]

*"more investment in the PRS"* *"Make it more profitable to be a landlord"* Or we could put a stop to the wealth extraction, get rid of private landlords whilst having councils take over the rentals like they did in the 1970's and / or build more social housing.

[@hughjohns9110]

@@loc4725 you didn't listen to the video, did you? That said, private landlords will be disappearing so you can be happy about that.

[@loc4725]

@@hughjohns9110 A badly thought out comment from an apparent BTL supporter. Well there's a surprise. Two things: - You do realise that "private" in the economic sense includes all non-state owned companies? - Perhaps you could point out the time index where he mentions that private rentals will be banned?

[@hughjohns9110]

@@loc4725 1. yes. 2. he didn't say that and I never said he did.

[@redbruce1999]

I’m not sure of the point of this video, doesn’t really answer any questions, just leaves them open and unaddressed. One phenomenon he has failed to mention is that of the growing number of renters who want to buy but cannot afford to, they are trapped in the private rental sector, possibly until they retire. This is bad for these tenants and all their pay is going on rent and bills, rather being able to save and buy. It’s so bad for those wanting to rent but can’t due to lack of availability (as the trapped tenants are a block) and high rental prices. Is having a private rental sector at 19% of all housing (30% in London) too big, too small? Would increasing it to 50% make any difference? If anything the PRS is too big as a %.

[@glyngreen538]

I’m glad/lucky our landlord has let us rent ours for 11 years now and currently at only 2/3 the average price for our area. I dread losing it one of these years as our city of Bristol is extremely expensive and competitive to find a house share. Long term I hope to convert a large live-in electric van to live in instead. I’ll never be able to afford to buy as I’m in my early forties and don’t earn much and it would be better for the rest of my life than renting.

[@jonathanjonathan7386]

time to move to plymouth?

[@MrTinfish]

Honestly, if you can do it - just move abroad. Thailand being a prime example where everything is better and cheaper.

[@MagarethWoods]

Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.

[@NatalieDormer-or4jj]

Wow that's awesome 👌

[@NatalieDormer-or4jj]

Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?

[@MagarethWoods]

Cryptocurrency investment, but you will need a professional guide on that.

[@MagarethWoods]

Facebook 👇

[@MagarethWoods]

Evelyn C. Sanders

[@RichardEnglander]

WHO IS BUYING? Black Rock, Vanguard, State Street, Goldman Sachs etc? This will make HUGE landlord companies and squeeze small out. Own nothing and be happy. The worst thing is that these investment firms are using the Middle Class people's money against them, it is their pension and investment schemes...

[@johnwright9372]

The sale of social housing was a terrible policy done for purely political motives. The housing was not replaced to accommodate a growing demand from a bigger population, an economy more concentrated around London and bigger cities and QE. These factors inflated prices and rents beyond most people's pockets. The country has poverty levels not seen for a half century, homelessness and rough sleeping which was not seen 45 years ago. Everyone should have a liveable home, not this Rackman nightmare.

[@britishcheese]

Hi, I absolutely love your videos, however they do tend to be all doom and gloom. I appreciate that the economy isn't great at the moment, however it would be nice to see some positive videos too. If we are to inspire the next generation we need to give them hope that all is not lost.

[@Jahfriend]

What way do you think house prices will go ?

[@Danster82]

Landlords are selling up because they see easier money on the stock market and in bond's, that's the real reason.

[@ga21351]

UK do not need more housing. UK need rebalance economy into savings and investment one. Consumption need to come down, export need to go up. Current model is designed to collapse.

[@jeremiahpoole6526]

Export what?

[@user-Wojciech]

Are people consuming now that their housing costs have sometimes doubled and reached half of their income? As far as I can see UK is in recession.

[@stuartspink76]

I can bet most of the ones selling are interest only....

[@69spook]

Taking into account inflation since 2006, houses haven't gone up much at all. So I've read.....

[@ilikelampshades6]

You're mental. Houses are more expensive now and people are poorer now than any other time since 1800s

[@loc4725]

8.6x average earnings as opposed to around 4x suggests otherwise.

[@user-xu5vl5th9n]

That is why people invest in them as it is a hedge against long term inflation engineered by the government . It is one way for the ordinary Joe to fight the iniquitous consequences of QE and inflation. That is why the government decided to tax the capital "gains" which include inflation.

[@user-Wojciech]

House prices are part of inflation

[@rupertsmith6097]

A shit to bigger corporate landloards - well, that is not a good development.

[@ianmargetts9163]

WEF mandate...you'll own nothing..be happy.....

[@rodsheaff1544]

Right-to-buy could be applied to private rentals...

[@joannabaker6398]

I'm more than happy to sell to my tenant the problem is she has no money to buy even if i want to sell my place to her for the price i bought it for in 2014

[@redbruce1999]

@@joannabaker6398but it might help many other tenants

[@sparkymmilarky]

Stupid government policy. Landlords have been hit enough.

[@kanji_nakamoto]

Landlords have to get a job. Like everyone else?

[@jimthompson9370]

Depending on how many you’ve got, it is a job. We’re more like active investors.

[@jamessmithson-br7rm]

Most landlords I know have a main job. They are reluctant landlords because nobody can bloody sell at the moment. The market is dead.

[@meggriffin4802]

Every rental I lived in up until I bought my own all had a full time job and they had one property. Give it 5 years and all the renters will be crying at the top market rate rental costs with a guaranteed annual increase. My one house landlords never increased my rent. That’s will change 100%. Corporation landlords should be feared not the one house small landlord

[@kanji_nakamoto]

@@meggriffin4802 That's the same incentive others will have to get their own. The biggest problem here is not the corp landlord, but banking. Those are the true landlords, not who you believe to be a landlord; a landlord today, is mostly a pointless middleman-either small, big, corp, etc. In most cases, they have a "leasehold" not a "freehold", which just makes the term sound ridiculous. If citizens can't afford a place to live, the economy will fall. That's a fact.

[@tomatofeind2019]

Im a landlord and I have a job.... I make about 75£ profit a month after tax and fees. Not enough to live off unfortunately

[@anmvcinco]

Greed

[@uvabnormal]

good riddance let private renting strangle hold on the economy come to an end to be replaced by council nationalised renting for all workers not just people on welfare

[@jonnyc429]

Redons? Is that like radon?

[@nancyhood8395]

And who's building these houses?

[@marcoac-sx6lq]

Very simple, the government. ​@@nancyhood8395

[@travellingtom6091]

Hilarious how daft this comment is. Why do you think rents have risen Mr Ugo? "Good redons" 😂

[@mikez2779]

@@nancyhood8395 it aint particularly difficult to build prefabricated apartment blocks especially if you go mass scale - because at that point you can set up large factories that will be making modules for pennies per unit. And then you just assemble them. How do you think Chinese do those videos of 20-story buildings being build in 3 weeks? Sure, you can now tell me this is low quality housing that sucks creativity out of people - or some other bollocks of this sort. As if paying a 1000 a month in rent, for 150 year old, mold infested pile of rubble, with 8 people living in a building designed for a family of 2+2, is somehow going to boost your creativity...

[@hamidking78]

Why do you talk like that??

[@Willopo100]

Landlords arent selling lol.

[@DriveCrashShorts]

Yep im buying like never before

[@mikez2779]

@@DriveCrashShorts i wish they would just destroy your business with taxes and/or regulation. maybe one day...

[@muratdagdelen8163]

£££ Landlordship = Easy Money £££

[@theolddog5129]

If that's how you see it, why not become a landlord? You must have a few £500k to invest in a few properties to rent out!

[@jamessmithson-br7rm]

Landlords don’t make money anymore

[@muratdagdelen8163]

@@theolddog5129 you answered your question.

[@danydany3974]

Government need to build property.

[@danydany3974]

Britain is the banana Republic.

[@GeorgeHargrave-w4n]

More like a turnip monarchy!