Why we need to abolish landlords | Nick Bano interview

[@dave_yarders]

I moved into my top floor flat 2.5 years ago. It's an ex-council block that's a mixture of owners and renters. The roof was so bad that when the builders came, they put their feet through into my neighbour's kitchen and bathroom. It was so sodden and rotten that my energy bill was £280/month year round for a 1 bed flat with locked-in 2021 rates. Finally, the roof was fixed. My neighbour below had to become a director to get it pushed through. It turns out that 3 landlords, who were also directors, had vetoed every attempt to fix the roof for the last 10 years because they could still take rent regardless. A disgusting class of cretinous little scrooges. I am incredibly lucky to be moving into my own home next week.

[@Ramblingpete]

They were sold of because they crap to save on repairs and you fell for it but got a bargain remember that I have friends who were made rich by buying one but was a shit hole

[@Ramblingpete]

To rent to people on benefits is renting to the government once you do your in the s,,t beware beware but if your not bothered about your property go ahead but you will will be sorry

[@Ramblingpete]

To rent to people on benefits is renting to the government once you do your in the s,,t beware beware but if your not bothered about your property go ahead but you will will be sorry

[@a.brekkan4965]

Why dont you move?

[@dave_yarders]

​@@a.brekkan4965 I have done, I now own a Victorian terraced house in a different town. I feel sorry for people who aren't lucky enough to do so

[@adamsboringvids]

Meanwhile KZbin is full of videos about how to turn a 3 bed house into a 6 bed hmo

[@juliewake4585]

Yes indeed. When my mother died her house was sold to someone who was intending to turn it into a multi room accommodation. It has been our family home with three bedrooms and two large reception rooms, for a family of four. I wonder how many people live there now.

[@David-bi6lf]

​@@juliewake4585had such a large extension that the garden is now the size of a shed. The living room has been chopped in half for another bedroom and because of the massive extension on the back it means the living room now has no outside walls and so no windows for natural light. It now has 6 bedrooms.

[@matty506]

Imagine how bad housing would be if they didn't. Even more homeless.

[@David-bi6lf]

@@matty506 no it just means another house taken off the market from a family that actually wants to buy a house to live in.

[@matty506]

And where do the 5+ adults live instead?@@David-bi6lf

[@PetaloudesTouYialou]

You could make it less profitable and could compel smalltime landlords to sell, but huge finance firms like BlackRock are circling like sharks. They'll snap up homes before you or I could get a look-in.

[@YourLocalGP]

I have heard this, but that model of large investment firms owning a lot of residential property is not uncommon in countries where renting is much more commonplace and tenants enjoy and expect a higher standard. In other words, it's the small-time-investor-hobbyist that is a major problem for tenants in the UK.

[@philyewin4880]

Thats so true. Also if house prices start to fall significantly, mortgaged homebuyers will only dare buy when house prices start to rise again, for fear of falling into negative equity. By that time the large companies will be snapping up all of the bargains causing prices to spiral again.

[@charlesedward9357]

This is a massive issue

[@toucan221]

@@philyewin4880 you've got that right

[@Dee78584]

Exactly. We're going to go from renting from small landlords to renting from giant corporations who will have loads of rules and more power to kick people out.

[@emmasayers7576]

Here in Berlin, I was asked to pay to view a property, but I assumed the advert was just a scam. I did consider writing back to say "Sure, I'll pay the fee just as soon as that Nigerian cheque clears" but I wasn't 100% sure it wasn't a new thing these scoundrels were trying, so I just politely declined. Shocking to find out that this is starting to happen in more sought-after places.

[@Steven-ly9ei]

I'd have said it either way. At least then they'd feel embarrassed to ask people to buy it.

[@bencaton1514]

Been in Berlin 15 years myself, it’s so sad to see what’s happened there. For absolutely no good reason other than making a lot of greedy pricks a lot of money :(

[@samgreaves8038]

This is a scam, it’s an age old one. It’s shocking to hear landlords blamed for it. Do you blame every Nigerian because you once got an email from someone claiming to be a Nigerian prince? I wouldn’t lol

[@gossipmongersaunt774]

Neu Koln and Kreuzberg are shit holes

[@adamtucker2002]

Why the casual racism what have Nigerians done to you???

[@uvabnormal]

most mps are landlords too so nothing will change

[@wm4118]

87 MPs are landlords… hardly most… but enough to make your point valid. 68 of the 87 are Cons (nearly one in five of them).

[@JosephYates-dw5gi]

Make a law that if you are a landlord then you cannot become an MP. Then restrict residential property ownership. Starmer will need to grow some cajones and deal with the problem head on when he is elected this winter.

[@rogerhoughton5809]

Not most. 87 according to research by 38 Degrees. That's still four times the national average but it's a long way from 'most'.

[@rogerhoughton5809]

@@JosephYates-dw5gi People should be able to elect a landlord if they wish but it should certainly be declared.

[@uvabnormal]

@@rogerhoughton5809 that gives me hope then lol

[@joepiekl]

The energy efficiency question is one of the biggest reasons why having a generation of renters without any regulation is a problem. I've never seen a rental property, certainly at the bottom end of the market, where they don't buy the cheapest, least energy efficient appliances. If you're not paying the bills, then why wouldn't you buy the worst E-rated washing machine you can find? Why would you upgrade to a new boiler when there's nothing in it for you?

[@ddimov2557]

As a landlord you have to provide EPC certificate and maintain its validity (re-new it) every 10 years. As a person looking to rent, why would you rent a property with low EPC score? As a home buyer why would you buys such a property? There are legitimate reasons for this but I can't see why people are not looking at the available information. Perhaps all you need to do is provide some amount of education which is largely free. The market will sort itself out without hard and radical interventions which already exist BTW. To continue my rant: When buying a property why would people not look at the living area but look at the number of bedrooms? Why the garden size is insignificant in property pricing? Why would people buy a leasehold property.. ever?

[@TonyMacina]

​@@ddimov2557 For my friends that are renting in their 30s energy efficiency isn't really a consideration as price, location and whether the property is actually fit for human habitation with no mould or damp is more paramount. And if you dally making that offer someone else will offer as much or more even if it's single glazed or leaks heat from every facade. Live in the real world and the market doesn't truly solve anything due to vast inequality and power differences.

[@GeorgeOhYesPlease]

I pay the bills for my tenants so I have every reason to supply A+ rated goods. However, I have to remind them not to leave the heating on and then open the windows...

[@guillermocongrevesanchez9114]

@@ddimov2557 Why? Because, unfortunately you soemtimes don't have a choice. The location, the price etc are all other factors to take into account as well as the stream of other people who will accept the apartment if you decline it.

[@Atrax-vk9lu]

As well as no option for solar panels unless ur landlord pays ha! Bad for less money fortunate people n bad for the environment

[@joshuaclarke7161]

If the landlords all disappeared would that mean people would have to buy a property in any place that they wanted to live, even if for a short term, studying, placement or lifestyle change?

[@bryankilvinski]

he didn't think that far ahead ;)

[@Ymt15678]

Exactly

[@Rho507]

That is why we need good social housing

[@johnners911]

Social housing is the answer, with sustainable rents going back into the system to provide decent, affordable homes for the people that need them. It's not difficult.

[@bryankilvinski]

@@johnners911 where in the world do they already do this not difficult solution?

[@gj7689]

As a accidental landlord i rented my property out via an agent. i never put the rent up on my last tenant for 7 years and they went on to purchase a home and start a family. I was happy they were looking after my home while i am overseas. Now they have moved out i put the rent up to cover the cost of government meddling in the rental market. Now selling. If Blackrock or a hedge fund buy it they will not be so forgiving and will increase the rent for huge profits.

[@davewright9313]

Well said and true.

[@richardstone5813]

Shall we start with the Royal Borough of Kensington & Chelsea. I don’t see any of them in jail for their liability for Grenfell?

[@BrianFace182]

Good plan but jail sounds too good for em. I reckon community courts would be a better idea, it's what Mao did. With community courts, landlords have to face the uncertainty of not knowing whether they'll be forgiven or get worse than jail. It'd be well interesting to see what individual communities do with their landlords and why.

[@slapjuice]

That's the council and the govt them?

[@linmal2242]

@@BrianFace182That is why you have 'local' government. Like we have in AUS where power for major stuff is in the hands of the States, and councils just deal with local matters. And do NOT own rental properties.

[@Ramblingpete]

And what about the person who started the fire what happened to them nothing nothing so don’t blame everyone else idiot most people who lived there came from another country

[@Danster82]

The issue is bigger than housing its the debt based money system which has caused the housing issue as well every other economic issue. It would however help if governments build social housing on a large scale and then rent them out highly subsidised pushing down rental prices and simultaneously providing an income for councils combined with much better regulation for rental rights and leasehold reforms and so on. But beyond that the cause needs to be addressed, the debt based money system, which is hollowing out all of society both private and public to the benefit of the few.

[@W1DO]

That system has returned us to feudalism.

[@pebblepod30]

No it isn't, yes that is terrible, but it is not the main cause of the housing crisis.

[@professionalgambler74]

Spot on. Landlords are disgusting but they like to think they are providing value to the country which is a joke.

[@keithcommins]

Landlords are disgusting, gotcha. Who should own properties, if not landlords then?

[@professionalgambler74]

Individuals ​@@keithcommins

[@BrianFace182]

@@keithcommins what's wrong with them being owned by the occupiers? 🤔

[@keithcommins]

@@professionalgambler74 Great, we are getting somewhere. Are you opposed to an individual owning more than one home? Say a cabin in the woods? Or a getaway bolthole near the beach?

[@keithcommins]

@@BrianFace182Far from it. Did I at any stage say I was opposed to occupiers owning their own home? You are aware that an owner occupier IS a "landlord" too? Are you opposed to someone having more than one home, for whatever reason they see fit?

[@LindaSilvester-r8o]

Except that corporations not councils are now buying up family homes and renting; less homes on market to buy for first home buyers

[@muirislandjim453]

Landlords provide housing in the same way ticket touts provide entertainment.

[@Simonsimon-fy3hq]

You don't have to buy touted tickets, but you do need somewhere to live.

[@muirislandjim453]

@Simonsimon-fy3hq Yep. You got it. Therefore, multiple landlords are far worse than even ticket touts.

[@JamJestKox]

Well, in case of ticket booths, at least some money goes towards paying the quality of the entertainment.

[@Simonsimon-fy3hq]

And they are the "professional" landlords who probably ignore the laws anyway and make their tenants suffer. Not all landlords are bad people. I could tell you horror stories about tenants I've had.@@muirislandjim453

[@muirislandjim453]

@JamJestKox Ticket touts, not ticket booths. Touts = Scalpers.

[@feelthebern3783]

You're completely right, and yet completely wrong. This isn't a moral debate. This isn't about pointing at "the bad people", shaming them for engaging in "bad, immoral actions". Ultimately, this is about implementing a system in which landlords no longer exist. The rentiering economy is a HUGE problem that will not simply be solved by demanding people to "be virtuous". It requires revolutionary action.

[@keithcommins]

Right - who owns property then if not landlords?

[@feelthebern3783]

​@@keithcomminsSure. But the point is to dispossess landlords, not demonize them. I'm not even saying that a "little bit of demonization" cannot be rhetorically useful - depending on circumstances - but you cannot transform the whole debate into a moral one. Because it isn't. This isn't about point and shaming, this is about transforming the economic system and giving people a place to live.

[@keithcommins]

@@feelthebern3783 You never answered the question - who owns property if not landlords?

[@BrianFace182]

@@keithcommins you seem to be actively looking for a way to prevent poor people from owning the homes they live in.

[@keithcommins]

@@BrianFace182 How so? By not wanting communism? By asking a simple question, "who should own houses and who builds them?" These are basic questions. Ive asked these questions a few times here and usually the responses are deflection and/or insults. Like you are doing now.

[@kingbourbon8618]

I recently sold a property that I rented out as a landlord. Rental income made me no money whatsoever. The rental income was all taxed at 40% which is the tax bracket I fall into. Yes my mortgage was paid by the rental income but the rest of the rent money went into a savings pot ready for a taxi bill come January. What's more the rental money was not enough to cover the tax bill and I had to pay more money into the savings account to have enough to pay for the tax bill. Month to month it actually cost me money to be a landlord and I made nothing in terms of profit. Capital gains.....hardly made anything on this due to capital gains tax and again made basically nothing considering how long I had the property. Yes I made some profit when I sold the property but not a lot. I don't agree landlords should be ashamed. Quite the opposite. Good private landlords should be proud of the hard work they do to help people who otherwise would not be able to afford somewhere of Thier own to live.

[@spewter]

Hard to believe that you truly think that landlordism can be a social good when you quit landlording because it wasn’t making you enough profit. By your own testimony, your experience as a landlord was driven by profit and not the wellbeing of others. I think you should stop defending the fundamentally unethical practice of rentier capitalism.

[@kingbourbon8618]

@@spewter there is nothing wrong with being driven, either by a monetary, skill or other motivating factor. It comes down to your morals and in my example I gave my tennant a much reduced rate as she was elderly and had no where else to go. If I did not provide her with help then she would be at the mercy of a local borough council who, if you have any experience with will know that the experience and quality of of living can vary massively as can the service. A good landlord will help the tennant as I did with lots of things that go above and beyond the legal requirements. Again it comes down to the landlord and to blanket ban them or call for Thier abolishment is short sighted. I imagine if you conducted a poll of tenants who pay rent to private individual landlords then the satisfaction level will not be all bad. I am happy I have my tennant a comfortable and good quality living experience and the fact I made a small profit is not something I am ashamed of not should anyone else be. Perhaps if more people were motivated by something in life we would have less people reliant on others

[@kingbourbon8618]

@@spewter you assume I quit being a landlord due to lack of profit. This is incorrect and actually was due to being unable to afford to buy a house to live in while having a rental property as stamp duty penalties were too high. Because of this I was forced to sell the flat and evict the tenant. So actually the greed of the government is to blame otherwise the tennant could have remained living in the flat and not be forced to move out. Don't assume to know people's intent or reasons for doing things.

[@GailPlatt]

@@spewter Do you have the same problem with supermarkets selling you food and plumbers expecting to be paid for fixing your boiler and other service providers or is it just those who provide you with accommodation that you think should work for nothing?

[@JosephYates-dw5gi]

You had your mortgage paid off by someone else. In line with the principles of capitalism those people who paid off your mortgage should have been given a proportional part of the money you were given for the sale of your property.

[@benmorris6824]

If more employers supported remote working, then there would be significantly less pressure on the lettings and sales housing market in major cities. Not only would a broader distribution of the population be positive for regional villages, towns and cites who have suffered due to mass migration to mega cites like London, but tenants and buyers would have more disposable income, whilst making an investment in residential property for a landlord, less viable.

[@Aloddff]

I think we need to rebrand social drag. We have to start saying there is no money for the economy when all our wealth is being sent to landlords to corner more of the housing market

[@paullegend6798]

You have fallen for politics of envy - the lie that the rich stole your quality of life. Time Rich list will tell you the wealth of all billionaires. It doesn't even add up to 1 years govt spending. We could take every penny of their wealth and it would improve next to nothing. The UK is serious decline, that is why our standard of living is collapsing. Remember this comment, within another 10 years this will become so obvious it will be impossible to hide it anymore. Look up GDP per capita data.

[@CmdrTobs]

Or people could stop dick riding trendy locations. It's supply and demand.

[@JustTakeAMoment]

It's ridiculous to think that higher availability of housing stock makes houses more affordable. It doesn't. Land prices and hand me outs are what is the root cause of crazy house prices. Solve the, here's 10 acres of arable farming land worth say £125,000, say it's going to be allowed to have house builders develop the land and all of a sudden, the same bit of muddy earth rockets up to say £2,500,000. Then you have the council wanting their contributions to be met for local infrastructure, which it turns out quite often that nothing from that money is used to develop the infrastructure and you have an answer to the house prices problem. It is the cost of building new homes that indirectly impacts the perceived cost of existing homes, based on how much it would cost to build the same house today. As for landlords, that depends on the landlord. People that own one or two other properties are selling up, they've had enough. The councils have sold off a lot of their housing stock so the issue is available homes for rent. It's a shrinking market and not good for tenants.

[@lesleysmith8300]

Also the Council don't want to house you but they are still happy to vilify LLs. They have sunk this Country and give to the rich, allowing them to run amock investing which puts the little guy out of ever owning their own property. This is what they are doing now. Tenants will suffer greatly.

[@JosephYates-dw5gi]

Restrict home ownership to one home per adult or per family household. Problem solved.

[@JustTakeAMoment]

@@JosephYates-dw5gi That doesn't work either. That would prevent people buying homes for their family that can't afford to buy a house

[@juliuswi8767]

@@JustTakeAMoment You made the point I was going to make. Many do it to help their children. Absolutely nothing wrong with that!

[@alphamikeomega5728]

The fact that land with planning permission is worth so much more than land without it demonstrates that the value comes from the planning permission. This, in turn, shows that the shortage is one of planning permission.

[@anglodoomer5995]

Who wants a hedge fund landlord?

[@roody59]

I do!

[@Loundsify]

I live in a build to rent block of flats built by an American investment company and I'm really happy with my monthly payment and quality of living.v

[@jtee4103]

Guilty

[@pebblepod30]

Much better than mum & dad landlords, because then there are more pro-housing crisis Voters.

[@tomjones8715]

@@Loundsifyat the moment! But trust me you won’t be!

[@joejuran3898]

Landlords, landlords, landlords. Private landlords are a drop in the bucket compared to the holdings of private equity companies, property trusts etc.

[@Dee78584]

Yep. The whole 'abolish landlords' movement just plays right into the hands of massive companies owning even more.

[@W1DO]

@DanTR1 that's probably why they encourage or at least benefit from content like this.

[@r0sco_1]

@@Dee78584 Spot on! It goes something like this 1. First they create a situation where ALL landlords are the problem instead of a minority, Government then is "forced" to act. 2. Small-time landlords leave driving up the price due to lack of available properties. 3. Government is "forced" to act due to sky high prices, More builds are made for rental only, owned by multinational corporations who pay little to no tax. Who will rent out at the sky high prices. It could all be fixed by building more properties inline with population growth and creating a competitive market with incentives for landlords and tenants which would help drive down prices, along with legislation that forces landlords to meet certain criteria of energy efficiency to improve housing standards. A competitive market would drive down prices but the legislation would help ensure only good landlords who maintain properties stay in the market.

[@JosephYates-dw5gi]

@@Dee78584 Just make those companies illegal and restrict home ownership to one adult person of family household throughout the UK - problem solved within a few months.

[@kowo6022]

Who are landlords by other names….

[@DebraWilliams-ul8of]

He said so many things that are incorrect that I couldn't think where to start, so I won't - but will just say that for a 'lawyer' he doesn't appear to know the law very well!

[@Energyflash1979]

Television is full of shows dedicated to promoting landlords.

[@dylanmenzies3973]

Some differentiation is needed - there are landlords working on a large scale with high profits and little regard for tenants, and there are small scale landlords including live in landlords. Very different situations. Its the large scale landlords that really need regulating, just like the super rich need taxing.

[@goych]

You sound like a landlord trying to justify their existence

[@pauldavidthomasfrodo]

@@goych You sound like someone who didn't read the OP comment or understand it, I'm guessing both.

[@davidedmunds7104]

Rubbish

[@bruhbutwhytho]

One of those is bad the other one is worse.

[@gwenong8155]

I'm a landlord with one rental property. Most of my tenants have been UC recipients. That's tax payers' money, mine and my husband's included. So far a number of the tenants have been destructive, rude and entitled. The last one damaged functioning appliances because he wanted brand new. Then he hinted at a coffee machine because he didn't like instant. I don't know what people are becoming but I think you're part of the problem. You generalise about landlords thinking they're good and great and make it sound as though every tenant is a poor victim. I don't think of myself as a good person. I don't demand respect but I also don't expect my tenants like the present one to tell me talk to me like they're a station above me. I also find it a bit strange when someone comes to view my property, looks me up and down then demands to see the landlord. I am a person with a property to let and I'm going to let it to anyone who can pay the asking price. I'm not in it for altruistic reasons. I'm trying to make some money to see me through my old age. But with one property that's a laugh. And with the way tenants are damaging the property because each thinks they are entitled to 'better' I'm afraid I'm going to have to don on shades and squat outside the train station with a begging bowl. I think people go online and spend loads of time gossiping. And the nature of gossip is such that most of time it is just hyperbole and gas. The last tenant claims he was evicted when, in reality, I refused to renew his contract due to amount of damage he caused. Then the next one comes bearing gifts of threats of outing a rogue landlord. Do tenants, when the complain about their landlords, also mention the problems they cause?

[@MilkyOolong]

Just an hour ago I received a response for a maintenance request, “The landlord will not undertake the repair” Nothing I can do, can’t complain due to the risk of revenge eviction and nowhere else for me to move out to.

[@olliejarvis1200]

Not sure of your circumstance, nor what the repair is, but if you file a work order (quickly), you're usually given impunity from revenge evictions for at least 6 months. My landlord is disastrously incompetent (as most are), and I'm holding him by the balls using this. AND, should your landlord not address the work order, or more repairs arise, you can just reapply for a work order, extending your impunity.

[@MilkyOolong]

@@olliejarvis1200thanks, yes I’m looking into this and getting my information together. Not sure if my circumstance will qualify at this stage but we will see. Appreciate the heads up 👍 It’s ridiculous isn’t it

[@olliejarvis1200]

@@MilkyOolong Oh it's unfathomable! And the fact that the burden of proof and paperwork is placed on you, NOT the landlord, is frankly ridiculous. Shelter have some amazing advice regarding this, as will your local council and/or Citizens Advice. If you're up for a slog of lawyer-speak, the gov website has the actual legislation you can quote. Hope your situation improves, fuck all landlords!

[@roody59]

Quiet, serfs!

[@BrianFace182]

@@roody59 shut up garbage

[@siduk2636]

why don't some people ever want to own their own property? shocking how this program wants to punish a landlord. You people are deluded, go buy a house yourself and let it out free. Won't do it yourself, just a bunch of crybabies

[@nathanlane7371]

I am a landlord (of just one appartment) and acknowledge the system is broken and would love it if everyone was taxed so heavily that having an investment property is uneconomic. However until this happens I am going to hang on to it for my child to use later in life because otherwise I can see it’ll be impossible for them. Maybe I should read animal farm again.

[@girlingreyshirt]

That's what my landlord is doing, they have two children in their teens who will need some sort of housing in a couple years no doubt. I definitely don't blame them about wanting to make sure their children are ok, what I think is a bit rotten is that they hired a subletting agency to 'manage' their flat ...in other words to bypass tenant protection laws and hike rent up every year.

[@TheCcrack]

check up on inheritence tax. it applies to propperties so your children are going to have to buy the apartment from you before you die or they wont own it

[@sefyboy7183]

@@TheCcrack That's not how inheritance tax works.

[@TheCcrack]

@@sefyboy7183 you cant leave your home to your child unless they pay 40% of the homes value as tax

[@sefyboy7183]

@@TheCcrack That's literally not true lmao. www.gov.uk/inheritance-tax

[@craftinghome]

The problem, for a long time now, has been that the regulations benefit bad landlords and bad tenants the most. The few genuinely just landlords get screwed over by tenants who know their "rights" and make everything as difficult and drawn out as possible and refuse to pay any rent. The rules certainly don't help good tenants who are, as mentioned, genuinely scared to raise any issue because they know the landlord will "retaliate" with a rent hike or eviction.

[@BrianFace182]

Funny how in your mind, bad tenants are ones who know their rights and use that, and good tenants are ones that pay the rent and shut up. There's no such thing as a good landlord. If some tenants are using their rights to not pay rent then GOOD.

[@insomniacresurrected1000]

​@@BrianFace182 The tenants that don't pay rent need to be evicted.

[@goych]

@@BrianFace182 well said again! Landlords would like us all to shut the fuck up, but I feel the winds have changed and their days are numbered and they know it and are clinging on for dear life and it’s sure gonna be messy but totally worth it!

[@mykeprior3436]

Even good Landlords, like myself, are the problem. Because no matter how nice I try to be, there will absolutely still be a huge power imbalance. Even with problem tenants barring non-payment of rents. That's rarely happened to me though, but it probably should en mass in order to solve the damn price gouging.

[@insomniacresurrected1000]

@@mykeprior3436 There is no price gouging. The prices follow the market.

[@gurwinder6646]

The biggest landlords are the banks to whom most of us pay mortgages too. If there were no landlords the corporations would take over which is whats happening. At that point the market forces are controlled by a few big companies, be careful what you wish for. These big rental block are charging more than the average landlord and service charges in the thousands. Don't be distracted by the noise focus on the real issues of tax burdens, low wages, over priced items we all buy, affordable housing that isn't affordable, selling to wealthy offshore companies run by wealth individuals

[@dazecm]

That's a false dichotomy and no excuse to let landlords off the hook of contempt. We can treat both corporate and private landlords with equal contempt for contributing to the disgrace of a housing system. National and regional authorities should be providing homes for its citizens and the fact they don't is a political choice because most politicians and councillors are themselves likely taking advantage of people in the region to profit from a housing supply.

[@pompey76]

Bidding wars definitely happen. I was put into one and it became confusing because the 2 bed property was listed at 1250 a month and I think eventually it went for like £1450 a month, which was way overpriced. Simply because I live in a town outside of London and people are leaving London

[@insomniacresurrected1000]

The Bank of England raised interest rates. This means it is harder to take a mortgage and therefore creates a demand for lettings. Thank the BoE for printing money to stimulate the economy.

[@mykeprior3436]

@@insomniacresurrected1000 Higher interest rates DESTROYS demand. Take econ 101. jesus.

[@insomniacresurrected1000]

@@mykeprior3436 I am a landlord and I have not noticed a lack of demand. My properties are in heavily frequented locations.

[@AlexMasri]

The problem is mainly to do with the banksters printing money like no tomorrow so devaluing the currency massively, and also the lack of builds over the last couple of decades

[@kevinwhite6085]

The banksters are also making money from increased interest rates!

[@Mastercane98]

Without banks say bye bye to ever being able to buy your own place.

[@station-7]

Finally someone’s taking sense. Been saying for years we don’t need more houses all over green belt. We need to end the rich hoarding property and driving up house prices.

[@minesadab]

And the way you stop them doing that is to find a better hard asset for them to use to store their weath

[@JoshSasger]

why whine ? just move to a cheaper suburb and save with hard dint & or vote to tax everyone more and watch the able migrate away !

[@juliesimpson2122]

What do you think about large housing developers building ‘Build to Rent?’ Do you think these corporates will replace the small landlords? How will this be any better? Also, isn’t it the actual land that’s expensive? Not just a house. We are somewhat different from other European countries because we are a tiny island which is over populated…. Hence land is going to be much more expensive I also think the rental market is highly regulated, in favour of tenants. I have read through the new Renters Reform bill and abolishing Section 21 just means that a landlord will have to give a reason why they want to evict… whereas before, they didn’t have to give a reason… even though there is always a reason.

[@starbarrothschild6597]

Hi Julie don't forget that the reason for the eviction is sometimes purely to raise the rent. Our daughter rents in large town, an ex council house. Her landlord died and the property was sold the new landlord wanted to raise the rent from £1200 to £1800 per month . All her landlords have been horrendous we could write a book about them.

[@BrianFace182]

Do you think these things happen by magic? Land isn't just more expensive by circumstance, it's more expensive because THE PEOPLE WHO OWN IT SET THE PRICES TOO HIGH. Prices don't happen naturally, they're not some force of nature. Were you dropped on your head as a baby? Or are you just a landlord having a whine?

[@alphamikeomega5728]

@@BrianFace182 The only reason landlords can name a price is that there's a shortage of properties and/or competition. If I make eggs and try to sell them at £5 each, eggs aren't suddenly expensive because people can and will go elsewhere to buy them. Housing isn't like this, because the vast majority of it is occupied and isn't available for sale or rent, so landlords can name their price. The answer is to grant new planning permission and to ensure that no single landlord can own a large portion of the rental properties in a given area.

[@mykeprior3436]

@@alphamikeomega5728 Artificial shortage.

[@jameslyons1924]

I can only thank my tenants for helping me pay off my mortgages. I just about cover my costs as a landlord but most importantly, the rent covers the mortgages which means after 14 years I am now mortgage free on nine properties and ready to sell up a portfolio that in 2005 was worth about £450K and is now worth just short of £1.5M. I have had a lot of good tenants in those 14 years and I love you all.

[@peterpage7322]

And won’t the government be rubbing there hand together when they sent you the tax bill? 😂

[@jameslyons1924]

@@peterpage7322 True, that will leave me with just £1M after tax. I'll cry in my champagne glass!

[@jameslyons1924]

@@peterpage7322 Fair enough. After tax that leaves me with about £1.1M. Happy days!

[@frugalspender2142]

So give govetnment more control? Yeah, that never goes badly does it

[@sukotu23]

Does this man have a KZbin channel? If not, he should. Brilliantly well spoken.

[@M_Bamboozled]

I think they'll happily take a bit of shame if they get to drive around in a big 4x4 and send their kids to a private school.

[@theintolerantleft3235]

My landlord made 21 people homeless last november so that he could gentrify the site and charge more in rent.

[@clareshaughnessy2745]

We were given notice because the landlord (owner of the stately home where we live in the gate house) wants to move the live in housekeeper from her cottage, that she’s lived in for 25 years, to our place which is half the size and in a much poorer condition, so that he can include her cottage in the wedding rental business he runs as a side hustle. The idea that he can do that on a whim to pocket a few extra bob, makes men head explode

[@bryanbadonde9484]

@@clareshaughnessy2745 And where did Lord Statelyhome's stately home come from? His parents who got it from their parents and on and on until it was built by one of his ancestors that was profiting from something brutal, like slavery or colonialism, or maybe even further back when the commons were enclosed and it was taken by force from the local peasants who instantly became his serfs/slaves. What a joke. Sorry this happened to you and hope you find somewhere more stable.

[@BrianFace182]

@@bryanbadonde9484 yeah landlords are excessively violent and territorial it's literally all they know. When having this discussion, people seem to get caught up in human exceptionalism. That is, forgetting we are an animal species like any other. We have territorial drives like any other animal species. The landlords among us just haven't evolved past that and seem to pass it down from generation to generation.

[@insomniacresurrected1000]

I own two flats and would rather keep a loyal tenant than charge more rent to the new one. We have this saying in my native language that it is better to stick to the income you have than chase better deals.

[@bryanbadonde9484]

@@insomniacresurrected1000 That makes you the exception to the rule. And you're still a landlord, so are making money for doing nothing (regardless of how much effort you put in, and how quick you are on repairs and maintenance - you could choose to be a scumbag slum lord and do none of those things if you wanted) and benefiting from a rigged, corrupt system that exploits a need that everybody has. Winston Churchill hated landlordism, and Adam 'Invisible Hand' Smith, the Father of Economics/Capitalism, called landlords 'leeches'. This is not an attack on your person or moral character. Landord is not your identity or soul. It's just an income stream you chose or fell into. My parents are landlords of one house, and one of my best friends is the scammiest type of landord of them all, 'owner' of about a dozen Buy to Let rental houses. I don't dislike them for it.

[@LewisHaynes-k3n]

Theres a difference between those on benefits and private renting. Also, inflation and QE are what dictate prices not landlords.

[@thedude7319]

25:00 not talking about the 400k backhands council give themselves for just one year of working ? Because that 'pensionfunds extra' is non taxed ?

[@lon1117]

The main problem is the power dynamic. Landlords always have the power in all circumstances. Even if you put some laws in place, you have someone that can take away your home, refuse to do basic work on it or price you out of your home. Even with protections in place it is you that has to go through the pain of getting a landlord to do what they are required to. And with your home comes your community, your children's school and friends, and your support network. No-one should be allowed to have that power over you.

[@toucan221]

I don't know what's wrong with you, why should that way, the landlord isn't there just to lord it over you, does your landlord treat you badly?, talk to you badly?

[@nicadi2005]

@lon1117 "The main problem is the power dynamic. Landlords always have the power in all circumstances." - BINGO!! Give that person a cute little plushie, they nailed the real issue right on the head! 😁

[@juliansmith6638]

It doesn't have to be that way - landlords could require a licence from the local authority which and have to fix any issues raised by the tenant within a specified time limit on pain of their licence being revoked, their property being compulsorily purchased at way below market value, or their lender being required to foreclose on the debt against the property at 100% loss and redirect to the landlord personally (or the beneficial owner of any ltd company). There are ways to legislate to force landlords to be service providers to tenants. Personally I'd extend Right to Buy to private tenants - abolish short tenancies and clause 21 evictions and introduce rent controls, so anyone who pays rent to a landlord in full and on time gets an automatic right to (say) share in the capital gains on any property sale with themselves as sitting tenants, have first refusal in the sale and be entitled to buy the house they are living in at the mortgage value it commanded at the time they moved in. We could also tax rental income at a higher rate than earned income, and tax capital gains on rented property at a punitive (70% +) rate. So, landlorda ONLY makes an overall profit from the tenancy IF they property increases in value, AND that profit is limited to half of any capital gain, after the mortgage balance is paid in full. "B B B But nobody will want to be a landlord!! " YESS!!! That's the whole idea. We've legistlated to encourage people to become landlords, now we need to legislate to penalise anyone who tries to make money from doing it. The power dynamic you talk of is certainly the problem, but it exists because it has been allowed to exist. Nick Bano is arguing, and I agree, that it should not be allowed to exist for very much longer.

[@sookibeulah9331]

Can you tell me of any other contract where one side can stop paying their agreed terms for many months and for the other side to have very little recourse to get the money owed? In addition to defaulting on the financial commitment the same party can do extensive damage to what they are no longer paying to use, damage which in any other instance would be criminal, but in this senario the other party once again has little to no recourse.

[@toucan221]

@@sookibeulah9331 Well done, that's just what I wanted to say, thank you.

[@sonicandtails1464]

Why is everyone hating on private landlords? There are a lot of decent landlords who have lost fortunes due to the strict laws placed against them by the government. Tenants move in and some pay a few months and then stop paying for months and you have to go to court to get them out. The tenants trash your property and the government protect them. The laws need to change. Social housing means more government funding and it’s us the taxpayers that the government will push to pay that. Rn tenants trash homes and still demand full deposit or you me deposit remains stuck with DPS. No one should be told how they run their investment. They worked hard to get it.

[@gloryofthe80s]

Well said!!

[@Lina-nm6cp]

1000 agree , landlords don’t get the advantage of governments paying them large sums to upgrade houses which by the way (eg climate hoax ) has driven up the prices of social housing so much that renting private from a landlord is a heart warming relief ! My ex had to move and got this lovely arrangement where no social housing would give him a chance to get a house . The landlord was so great , so understanding and kind to him. Now he recently finally with urgency got social housing and guess what ?? No kindness , no understanding , hugely expensive and not an inch of trying to meet him halfway with moments it’s hard to afford . Stonecold and you are on your own ! No landlords are a Godssend

[@sphumelelesijadu]

​@@gloryofthe80s Tenants wake up everyday and deal with horrible bosses, insufferable colleagues and boring jobs for MOST of their day to pay landlords for sitting on their asses and doing nothing. When they move out, they get nothing and the Landlord gets all the benefits from the tenant's labour. This is a very exploitative relationship. They are completely unnecessary middlemen that just make housing people more difficult because of their greed. Landlords need to go!

[@franpitcher]

You didn't watch the video

[@paullegend6798]

Unwatchable garbage. 1998 UK population 58m. 2024 68m. House building 100k a year for most of the 2010's. Period of house price rises matches perfectly the point of population boom. It's that simple. Blair, then the Tories ran population increase policies without building the houses needed for it. It's that simple.

[@SassyTheSasquatch96]

Little boxes on the hillside made of ticky tacky, little boxes all the same....

[@BrianFace182]

Stop blaming migrants and migration for the failure of landlords to contribute to society.

[@paullegend6798]

@@BrianFace182 I didn't blame migrants. I didn't even mention migrants. Migrants aren't responsible for monumental failures in govts of all colours over the last 20 years.

[@paullegend6798]

@@BrianFace182 And to your second point.... landlords aren't your problem. Yields on property haven't been over 5% in a decade. Despite what you might think or believe, landlords have not been sucking the country dry with rents. The high rents just reflect the high price of the houses. The price of the houses reflects the housing shortage.

[@BrianFace182]

​@@paullegend6798 the prices are high because landlords cornered the market and jacked the price up. They won't sell unless they get a big mark up on what they bought for. And they're not even paying the mortgages themselves, the tenant is. The landlords are the problem. Prices are high because there aren't enough houses available to BUY, not because we have a physical shortage of houses. There is no real shortage of houses, landlords just took them off the purchase market and moved them onto the rental market. So prices went up. Stop trying to explain stuff you don't understand. It's not even that hard you're just thick. This is the problem with landlords, they're thick. But I suppose I can't expect any intelligence from a class of people that are so rabidly territorial.

[@nelsfrye8570]

And yet the numbers don’t support his point. The UK has one of the smallest number of dwelling units per head in Europe by a fairly wide margin. If you consider the extreme concentration of the population in London, there could only be undersupply. Add to this the large population of foreigners and generally low-rise nature of the city. Yes, there are foreign investors with homes in the city and it surely has an effect on an already low supply of houses. This video is true gaslighting but of course young people crowded into London will love it. Of course, you could never expect people like this to address basic realties like geography and density of units near transit or costs of constructions. He’s a lawyer. What do you think he wants it to be about?

[@dazecm]

Not only the smallest number of dwelling units per head but also the smallest in terms of amount of square feet of each unit. Even the Royal Institute of British Architects (RIBA) has condemned the state of the UK's modern new-builds as 'shoebox' homes.

[@gavindeacon6136]

Houses are used as a savings account because currency in the bank is debased substantially every year. If I had £10,000 saved for my retirement 20 years ago, the amount of goods and services i could buy with it now, compared to 20 years ago is greatly reduced (I have then actually lost purchasing power because I saved). Saving money and building for your future is what you do when you can (young and able) so that when you can't, you have the means to survive and hopefully thrive. There are very few options available for people who want to work and save (delay gratification for a better future, which is quite a noble concept if you actually think about it) for their family over a long period of time and housing is (rightly or wrongly) one of those options. Some landlords are bad, some tenants are bad, some politicians are bad, some people are bad.....

[@PKSiAMiAM]

I know a number of landlords who are very generous and good landlords. There are some bad eggs, but what needs to be considered is the crap tenants. I see all too many homes where landlords are repairing the place only to have people destroy them and not take care of them.

[@dazecm]

Sadly, most would argue that number of landlords is a very, very tiny ratio 😕

[@mattjones1207]

But how will the Boomers do all us youngsters a favour by providing us with housing at an over inflated rate? We should be grateful!!

[@NeonVisual]

sToP bUyInG nEtFlIx

[@mattjones1207]

@@NeonVisual it’s that extra shot of espresso that did it 🫠

[@starbarrothschild6597]

It doesn't appear to be the Baby boom generation but their grandchildren ( which generally is that ? ) who are property investors.

[@NeonVisual]

@@starbarrothschild6597 "Boomers" has been co-opted to mean something else, much like the boomerati have done with the word "woke", and do not realise they're using it wrong every time.

[@dallysinghson5569]

Netflix rinsing folk of a thousand quid lol

[@TheRichardgrime]

Well I’m a small time landlord. I have no mortgage/ debt, but I can tell you that after paying for maintenance costs there is very little profit left. I charge market rents when a property becomes free, but most if my tenants have been with me for many years and I’ve left their rent cheap, as I think do many landlords. One has been with me for 25years and her rent has gone up from £90pw to £100pw. Rent has gone down for landlords in the provinces in real terms!

[@chhitijpahari1011]

Ummmmm its almost like Housing is not a FUCKING investment.

[@keithparker1346]

No sympathy for you tbh

[@minesadab]

Are you really saying that £100 p/w only covers maintenance costs?

[@Lozzman7575]

Lot of haters on hear 😳

[@dazecm]

Yes, but how much have you spent on mortgage when you bought the property and how much is the property worth now if you sold it? It's the asset appreciation value that landlords are interested in, not the month-to-month income as their long-term income stream. Rents simply maintain mortgage payments and maintenace as the property value rises at a much faster rate.

[@nah88]

I dont know how much is landlords, however I think public, low rent housing makes up too little of the housing market. Since the 80s, no government has increased council housing and government owned housing, leading to the ridiculous surge in prices and lack of supply. Demand equally needs to be addressed.

[@dazecm]

Don't forget that the social-housing stock supply was decimated by Thatcher's right-to-buy scheme which was dressed up as a common good but would ultimately lead to rich people owning and controlling your right to shelter.

[@DixonSimonLee]

I live in the North and just had my property valued by rics. Dispite having a buyer for the full asking price, achieved after 10 days on the market, the valuer devalued my property by almost 10%. The property was also given a rebuild cost of 140% over their valuation. A property in London is sold at massively inflated prices over the original build cost, and the banks are happy to accommodate this? What's happening?

[@RKC3.14]

As a landlord I always go below the market rent for tenants I trust and value. I also have only rented out properties I have lived in myself so all appliances are as efficient as I could afford at the time. Don’t tarnish all landlords with the same twisted view - like life - not everyone is the same!

[@davidjcallen]

Correct me if I'm wrong. I think it's more about the structural system that we have in place. There is a huge transfer of wealth from the state to private land and property owners. When we zoom in to individual landlords then in almost all cases we could say, this is a good person. They're just trying to make a few quid and set themselves up, they've just followed what's worked for many many others. When you zoom out and recognise that there are so many people following this same model you can see that the majority of the wealth of the nation ends up concentrated in housing with a small proportion, overall of the population benefitting. What we want is for this wealth to go in to the real economy, we want everyone to be able to have opportunity. I want my kids to be able to have the chance to own their own home or at least rent a place that doesn't wipe out a huge percentage of their income. The current system isn't working. We're slowing building slums while high end property is also booming. The birth rate is down in part because people feel it is unaffordable to move out and to move on. We need to improve the social contract, we need to have a more even distrubution of the wealth. Properties should be homes they shouldn't be the default choice as a good investment.

[@RKC3.14]

@@davidjcallen everyone has had the opportunity to do exactly what I have. I’ve worked, saved, learnt about options and invested as best as I could. Rebalance or implementing a ‘social contract’ will just punish everyone like me who has played the game by the rules to date. Landlords like me are not the issue; it seems the super rich how are national asset owners are where the money is ending up.

[@VerushkaMusic]

@@RKC3.14 I come in peace and not here to blame you for anything, but it’s just not true everyone has the same opportunities as you. So many people are working their arses off saving every penny they can and they’re never gonna get a mortgage with current house prices. You could say ‘get a better job’ but then you’re basically saying cleaners, nurses, supermarket workers etc etc don’t deserve to own houses. Some people are born in expensive cities with rents going up so they’d have to move out to cheaper places to try to get a mortgage, losing their families, friends and jobs and perhaps not being able to find work. Some people have caring responsibilities, this can happen suddenly. It’s just not possible for such a huge swathe of people. Housing is sooo basic and a good quality of it should be available to everyone no matter their circumstances. Like healthcare, you shouldn’t be able to profit from it.

[@VerushkaMusic]

@@RKC3.14 I come in peace and not here to blame you for anything, but it’s just not true everyone has the same opportunities as you. So many people are working their arses off saving every penny they can and they’re never gonna get a mortgage with current house prices. You could say ‘get a better job’ but then you’re basically saying cleaners, nurses, supermarket workers etc etc don’t deserve to own houses. Some people are born in expensive cities with rents going up so they’d have to move out to cheaper places to try to get a mortgage, losing their families, friends and jobs and perhaps not being able to find work. Some people have caring responsibilities, this can happen suddenly. It’s just not possible for such a huge swathe of people. Housing is sooo basic and a good quality of it should be available to everyone no matter their circumstances. Like healthcare, you shouldn’t be able to profit from it.

[@keithparker1346]

But you are not being a landlord out of charity ​@@davidjcallen

[@toucan221]

this is wrong to only keep making private landlords the complete villain. there's enough large housing association's but of course we all want to get onto waiting list so there's only so much, so stop slagging off the private landlords/

[@zjohnson8042]

Yeah don’t make valid claims about a bad thing when there’s another bad thing to complain about.

[@BrianFace182]

No thanks, private landlords are the ones that removed all the housing from the market and made us all renters in the first place.

[@goych]

No let’s talk about desperate people on boats instead!

[@nicolaevans465]

Is his book available free to everyone or is he charging, therefore making money off the back of tenants?

[@adammorgan1776]

Totally different things, he worked on the book, edited, rewrote it, and got it published. Landlords do very little beyond buy a property, minimal work (if any) on the property and then rent it to get tenants to buy them the property. A book takes actual work, owning a property is not work

[@GailPlatt]

@@adammorgan1776 Incorrect on a couple of scores . . . buy to let mortgages are virtually all interest only ie the purchaser never owns it they give the keys back at the end of the mortgage term, also maintenance is expensive and relentless and never ending, never just fix and forget.

[@adammorgan1776]

@@GailPlatt 1. We're did I mention buy to let? However, you get buy to let interest only mortgages and buy to let mortgages where you will own the property, so you're not actually correct there, you're only correct in that there are interest only mortgages. 2. Regardless, I didn't mention buy-to-let, I was talking about the incorrect comparison of writing a book and being a landlord, one takes work (the book), the other does not or at least very minimal work, especially with sh*te landlords who just cover up mould, and other issues and basically do nothing but rent out slums.

[@KarenGoddard-wp3ix]

@@adammorgan1776and the landlord worked for the investment to purchase the property and bring it up to a habitable standard!

[@NicholasRoss-l7u]

Here is a radical idea. In Amsterdam and shortly Rotterdam it is now illegal to purchase a property that is not going to be your primary residence. Has been hailed a massive success. Stopped the mainly empty second homes. Stopped the mainly empty AirBnBs and stopped predatory landlords in their tracks. Restored sanity to the overheated property market but the largest benefit is seen as it enables families and communities to stay together and thrive. Families are local, childcare is shared again saving a fortune and pleasing the families. Local shops are again thriving as the houses are lived in. No downsides and costs the government and taxpayer absolutely nothing! Just a thought!

[@AndreasLianos]

what a ridiculous sentiment. none of the problems we have gets solved by rent controls or by abolishing landlords. It was nicely said that when the government gives a subsidy for rent (or anything else for that matter), rent prices will go up to meet the subsidy. That's supply and demand at work, the price reflects an underlying reality, that is still real after the subsidy. Rent controls will suffer the same fate.

[@riiitch]

My parents are small-time landlords. Firstly, I'm sorry you feel there are no ethical landlords. I'd image there are plenty (probably the majority) of landlords who are awful and renting in a big city must be horrible. I also agree with some of the things you say, including a sort of rent control. I don't agree with everything however. My parents converted their storerooms above their shop into flats before the landlord trend that you talk about came about. The flats are well appointed, looked after, well-located, and guess what? The rent hasn't been increased in over 15 years, and was pretty low back then anyway. The flats are rented via an estate agent, and yes, they are always encouraging my parents to increase the rent. My parents refuse to do so. Their mortgage on the property was paid off ages ago and they are happy with the income they pick up. They'd rather they had tenants who have a home for as long as those tenants wanted to consider it their home, rather than being greedy, increasing the rent and driving out tenants. This, from my travels, sounds like the experience on the continent you talk about. Turns out, the people who live in the flats have been there for years and years. Those few that have moved on are those who eventually meet someone and settle down, want to move on to a bigger place or whatever. My parents have even taken tenants to hospital appointments, took them to visit family etc because often they only have public transport to rely on. Just some more anecdotal evidence that there are some landlords out there who are genuinely good people, as it does appear the majority of your commenters don't think so (and I understand why!). My next door neighbours, a lovely old Christian couple (the husband is severely disabled), rent out the spare bedroom to a single guy. He's been there for over a decade. Happy with the price that's probably never increased, and with the room he is renting. I used to live in a big expensive city outside the UK. I rented a room from a couple, easily $200 per month less than other places, and were the best. So much so I still remain friends with them and often go and visit them!

[@BrianFace182]

how can they be good people if they're contributing to the housing crisis?

[@riiitch]

@@BrianFace182 prove to me that they’re contributing to the housing crisis and I’ll have a sensible conversation with you. Just to reiterate, they own a large building that is a shop. They have converted part of it into flats. They rent out flats well below the market rate. Tell me how that is contributing to the housing crisis.

[@kransurfing]

@@BrianFace182 thats a silly and argumentative answer, lets actually address points on this issue and not just generalise and insult, we need to get to the bottom of this

[@Steve-jy9kf]

I agree with you your Parents are supplying a home from a redundant part of the building. I am afraid some people who like to Landlord bash will not listen to you. Ask them what they want ? Their response will be a home with no Landlord ( someone has to own it ) They want to pay little rent ( they want subsidised rent ) This will leave them with the options of: not working and claiming benefits or having the latest mobile phones, new car, Sky TV package, lots of foreign holidays.

[@R53Hole]

A lot of housing used to be built and provided by local companies for their workers.

[@DanteLovesPizza]

There's a reason why that stopped. Ever heard of ICI? They did that. Know what happened to ICI? Yeah, exactly why that doesn't happen any more.

[@johnners911]

That is happening again in Ireland. Many new build apartments and estates are being block-purchased by multi-nationals as they are having difficulty attracting talent due to the housing "shortage". As you can imagine, this is compounding the housing problem, providing overpriced rental accommodation for (mostly migrant) workers, pushing up house prices, eating up the new housing stock which the state is encouraging. Personally, I do not wish to be in the position were life's essentials are provided at the whim of employers.

[@DanteLovesPizza]

​@@johnners911 It's also bad because when people lose their jobs, they're on the street, or worse, that becomes the threat and you're stuck working a job in terrible conditions with no way of voicing it. Nonetheless, it won't last. Like I said, it stopped for a reason. ICI did that and collapsed in spectacular fashion. I quote this because it absolutely devastated the north east's economy when it happened.

[@doctorstarcrumbs]

Soo just have governments and/or corporations own instead of people? Lol. Get fucked. Trust me when I say corporations/governments automate ALL late notices and evictions.

[@thisgoesnowhere]

You think this video is pro corporations being landlords?

[@bramvanduijn8086]

@@thisgoesnowhere The video is pro-government, which is the other option they mentioned. There's another option: Housing co-operations.

[@BrianFace182]

no, we'd have them owned by the people *living in them* like what happens in socialist countries. The top 15 countries in the world for home ownership rates are currently or formerly communist countries, including Cuba, Vietnam, Russia, China. Whoever said anything about government or corporations? Also, telling us to "get fucked" isn't going to do you any good. Mao Zedong was right. Watch your back, landnonce.

[@BrianFace182]

Telling people to "get f***ed" isn't making your case very well. A certain Chairman was entirely right. Just be ashamed of yourself and shut up.

[@doctorstarcrumbs]

@@thisgoesnowhere you think there is a big difference between a corporation and a government that is cute.

[@LucyWatson-g1v]

I think it’s completely short sighted to just want to ban or eradicate landlords. The vast majority of landlords only own one or two properties and have often been forced into it due to personal circumstances, like taking a new job, growing a family or getting divorced. It’s not always about money. In an ideal world these properties would go back to the council and be used as social housing, however council’s no longer have the money to buy back the houses they sold off back in the 80’s and 90’s. Previous governments have sold off all of our housing stock and squandered our money. So if we’re looking for someone to blame for our current housing crisis, it’s probably them not landlords.

[@dazecm]

I think you are restricting the nation of a landlord to some small number of 'average Joe or Jane' who benefited from a right-to-buy scheme or, as you say, is the victim of economic circumstance. I had to rent my home out after losing my job in Manchester and having to rent in London when I was snapped up by a company there. I rented my home out because I was not confident of the security of the position as well as the fact my Manchester home is where friends and family are, and I'd likely move back. That's not the kind of landlord that is a problem. Landlords also include those with property portfolios who are deliberately investing in properties to benefit from the housing shortage, and they are rich individuals or an investment company with properties making up part of their investment packages.

[@BennyOcean]

Is he advocating for stealing the homes? Let's say landlording was made illegal. Fine, everyone who is a tenant could then get kicked out. Then what?

[@keithparker1346]

Then landlords would probably have to work for a living

[@joeljackson5473]

I’m a landlord of 1 property which was my first home which I rent to my brother as he couldn’t rent anywhere else because of no available properties to rent in my area and the fact he didn’t have any money to buy a property. I worked 60hrs a week for 5 years to get on to the property ladder and I still have to work for a living… not all land lords are rich and in many cases make little profit or just break even which when you consider the risks of tenants not paying and it taking up to a year to evict someone whilst having no rent coming in it’s hardly worth it.

[@Bobbysix1]

One of the worse things of late is the rising air b&bs. There us a house opposite me that used to be rented to locals for around £850 per month. Now its an air b&b for £850 a week. People getting priced out of the area.

[@JosephYates-dw5gi]

Just flat out ban air b&bs and other similar short-term rental companies from the UK. Take the CEOs of air b&b to court for the damage they have done to society. Fine them to the tune of billions and use that money to build extra housing as needed.

[@YourLocalGP]

@@JosephYates-dw5gi all the houses I know that are let to tenants long term have scruffy front gardens and are maintained to a minimum standard. The short term holiday lets are at least made to look good because that nets them more money from Airbnb.

[@michaeldonaghy3997]

Last month I was evicted from my home of 11 years, so the landlord could turn it into an Air BnB. It was quite a shock. I wish the government would at least make the minimum notice period longer because 2 months was not long enough to find a proper home, we had to rush. 4 months would have been better notice period, and would have shown some basic respect. My rent was similar, £875 but now they're looking to make that per week.

[@YourLocalGP]

@@michaeldonaghy3997 Appalling. I'm sorry you had to go through that.

[@LisaNewton1]

Some people need a short term place to live whilst their own house is sorted out eg insurance - flood, fire… or they’re new to an area and a whole family don’t want to be in one hotel room… they want a furnished house - short term. Not every Airbnb is a holiday maker. Some are short term in an area and it’s cheaper and better for their needs than a hotel ! They don’t want a 6 month contract! Airbnb isn’t the problem. The government sold off the people’s assets… and they’ve not replaced it. There’s been a chronic housing shortage for years. Families break down and their more single people now than married households. That’s the real issue. Not everyone has the funds to buy. Stay at home (if you can). Save up. Just like food in a supermarket isn’t free or subsidised, housing isn’t free either. It has to be paid for. People keep voting for the Tories - this isn’t an issue for them! 🤷‍♀️

[@matty506]

24 million dwellings in the UK with 70million people so almost 3 people per dwelling. Problem is lots of those dwellings are not built for 3 people those dwellings are also not all in areas with higher population which is why it is not uncommon now to have HMOs with 10+ people living there. The aim is to have roughly 2.4 people for every dwelling which would put us about 5million homes short at a conservative estimate depending where the homes were built and where people decide to move to. To build enough homes to keep up with current migration building 300k homes per year it would take 50 years to catch up. Last year we built 190k.

[@TheSkunkyMonk]

its more like 27million dwellings, so closer to 2 people per property, but then I suppose we do have all the properties left empty, holiday lets, investment properties, etc... We really should have massive limits on those emigrating to the nation, only allowing those with essential high quality skills to stay indefinitely and not cleaners and sandwich makers. That way we would also see a rise in the pay for lower skilled jobs as companies would once again have to compete with wages and working conditions to get the staff they need.

[@bramvanduijn8086]

@@TheSkunkyMonk Have you never looked at the numbers? The population growth of the UK is low and seems to be stabilizing. It peaked in 2011, then massively dropped until 2021, where it stabilized.

[@TheSkunkyMonk]

@@bramvanduijn8086 the point? still more people than ever though and a lot seem to forget we are a tiny island that already doesn't produce enough home grown food to feed its peoples without the aid of imports.

[@matty506]

The UK has about 0.8 of an acre per person. In 2001 it was 1.1 acre. France who have the same population is at 2.7 acres per person plus 6 million more homes.

[@matty506]

24.9m according to ONS@@TheSkunkyMonk

[@ashaw1016]

It feels like a lot of these discussions around landlords are very London (or i guess major city) related. I live in a poor northern city where you can still buy a 2 bed house for under £35k. So a lot of people can afford to buy, but some for various reasons don't want to (i have rented in the past) and obviously you do still get plenty of people who cant- no job/poor credit rating ect (think more council stock seems like the answer to a lot of these problems) I mean obviously it can still be a problem, but it feels like a very different situation in many parts of the country.

[@Mrstevemoore]

Can you share an example of a 2 bed house for under £35k where you live? I’m not challenging or disbelieving you, just think that’s nuts. I live in Hampshire and bought a 3 bedroom end of terrace house for £330k.

[@ashaw1016]

@@Mrstevemoore don't get me wrong they aren't in nice areas or particularly nice properties. But neither is a lot of rented accommodation in lots of places.

[@ashaw1016]

@@Mrstevemoore I bought a 4 bed detached house in a nice area with a decent size front and back garden for 200k 4 years ago (admittedly it has gone up since then). Me and my partner received no help from parents and aren't earning mega money or anything, it just really is a different world up here.

[@chrisrutter6015]

35k are you sure

[@ashaw1016]

@@chrisrutter6015 as above not brilliant properties, but I've seen worse rental accommodation in London on this channel

[@rjflores438]

If you are on housing benefit, you are unlikely to get a rental property in the UK, as soon as I ring a letting agent to view a property, the very first thing they ask is if I am in employment, and if it is a 12 month rent, they want 6 months up front, because I only earn 25k per year, and that is when I am viewing properties for under £900 per month, I cant house share because I have a son, who stays with me 2 to 3 times a week and the rest of the week with his mum.

[@liam7342]

In the development market, it should be a legal requirement for all new builds to have solar panels and ground or air source heat pumps. And all developers should be paying 10/15% of the value of land that they have not developed for more than 6 months in tax per year.

[@linmal2242]

So he is advocating 'Rent Control' which was actively tried in NSW back in the 1950's. It was an absolute disaster for the landlords who could not raise the rent, nor sell the property. This caused a sudden and vast contraction in available rental properties with people living in tents in some places, but those with 'government guaranteed' rentals would not move out! This did generate a private program of subtle evictions and rental scarcity which eventually led to a change of govt and policy.

[@clareshaughnessy2745]

Do you know why there is a shortage of housing and why what houses there are are unaffordable? Because of people owning more than one house!! People aren’t desperate for rentals. Renting for most is a second best option because they can’t afford to buy. As far as I’m concerned, a pile of ex landlords selling their properties is not something to worry about

[@Bobbysix1]

The landlords could sell. They only needed yo drop their price, which is exactly what needs to happen in the uk. Is housing affordable, then no one would need to strike for pay increases

[@JosephYates-dw5gi]

Restrict home ownership to one home per adult or per family household. Make a deadline to be sold within 3 months. Problem fixed.

[@nelsfrye8570]

And yet the numbers don’t support his point. The UK has one of the smallest number of dwelling units per head in Europe. If you consider the extreme concentration of the population in London, there could only be undersupply. Add to this the large population of foreigners and generally low-rise nature of the city. This video is true gaslighting but the people will love it.

[@clareshaughnessy2745]

@@nelsfrye8570 that first stat only makes itself felt in terms of not enough empty homes. It’s not like that thing they used to say about aeroplanes not having enough space on the ground if they were all grounded at once. There are enough homes for everyone in UK to have homes - but we do need more empty homes to help choice. That’s not going to happen unless there is some kind of legislation to stop good homes being turned into holiday houses. I am moving this weekend because my landlord want to do just that.

[@nikolaospappas3843]

How does the government become a better landlord? Anyone who is in London and has ever lived in a council estate super old or new will know how dreadful it can be and potentially even more faceless. I remember going to pick up something from the council and in the queue was an old man who seamed exulted and told them when will the leak above him get fixed as it has been going for 3-4 weeks and the neighbour is not in( we also have a slow leak which hasn’t been attended for decades living with the fear we will be getting back home with a flood). I felt like telling him I’ll sort it out but I work in IT I’m not a plumber sadly. Can someone help me how the government/council being the landlord will fix anything? Cheap isn’t good if it’s living in flooding.

[@kip8790]

Yeah the difference is the price you pay.

[@BrianFace182]

I had a private landlord who physically assaulted me when I asked him to fix the mold infested bathroom. You should be ashamed of your comment.

[@paulclayton9160]

health and safety exec can enforce repairs if dangerous or unhealthy.

[@ΕιρήνηΟύμα]

People should live in their own houses, whether they be privately owned or communal. And that should come without them having to pay out "rent" to banks... That is the best way for a society to get over landlordism. Some public housing might be necessary, but too much dependence of a society on the state is not that good either...

[@nikolaospappas3843]

@@ΕιρήνηΟύμα the only system I’m aware of is in the Balkan particularly Greece where an owner of a land would have to build, then a private agreement would be made to create a building and land owner gets a few flats and then the builder gets the flats he was agreed for the risk,works and upfront costs. Athens was build all in that way creating an incredible number of robust modern buildings. This requires a market which shifts out the bad ones as they don’t get to do more jobs and the honest builders get to be exposed by their lack of craftsmanship. Sadly the land system is different in the Uk and the banks are too into this business. Would also need building knowledge which most people lack these days and lost of craftsmanship has been lost

[@alexbosch604]

"Abolish landlords" what an idiotic statement.

[@SeanyBoy589]

I know this seems mental to me, there are bad landlords but also very good ones, my own landlords are a lovely couple, their biggest issue is a lack of transparency the agent they use gives them. Not sure how the hell you would just "abolish landlords"....

[@JoshSasger]

We tried this in Australia via the backdoor. The otherwise brilliant Govt (Labor) of the day decided to in the mid 80's to remove Negative gearing. That is the deductibility of cost shortfalls after rental income and costs. It lasted less than a year. Why ? No investment in new housing. It's not the Govt nor the builders that is in short supply. Public housing is much too expensive as a whole and engenders no responsibilities. Thrash left by tenants, damage & legal liabilities restrict how much the Govt can aim for. Cutting out the private landlords in just 6 month caused such a ruckus they recanted & repealed the idiot legislation UK is building. Oh and so are the fools on the Hill down under rebuilding.

[@lorecan]

Professional Sound Engineer here. Difficult to diagnose over the video but it sounds like perhaps your pre-amps aren’t strong enough to provide sufficient clean gain to the SM7B which has high resistance leading to a super low output voltage. This is my best guess for the cause of the electrical noise/buzzing

[@ayrshiresbiggestloser9687]

Who provides housing when the smart money won't lend to someone and the councils are broke?

[@goych]

You do

[@alanzoblackstock]

I have been a landlord for 20+ years. I have never evicted a tenant. I;m not embarrassed or ashamed to be a landlord. I dont need to be respected. Nick seems to think all landlords are bad landlords and should be mocked. I am really fed up with this perspective of landlords, being greedy. I dont make demands of tenants. I dont charge for viewings. I provide a home for a market value and the tenants have a choice. And my experience of other landlords is that they do the same. The root cause of the housing market is not landlords. Its supply and demand. There is not enough affordable housing in the UK - housing benefits is a symptom, not the cause.

[@chhitijpahari1011]

As a landlord you provides housing. Your goal is not to make affordable housing. No one has any intensive to build/rent affordable housing

[@mykeprior3436]

You are absolutely the problem. You smell your own farts and say they don't stink. You are scalping a home and selling it back monthly to pay for your own future off someone's back. If you truly were providing a service, you'd update the home, add extensions, with your OWN money, then sell for a profit to another. Case closed.

[@Sherwinnicus]

There's not enough affordable housing in the UK because there's too much demand for housing. The best way we can reduce demand for housing is by treating it as an essential good (which it is, it's shelter), and not an investment opportunity. Private landlords are completely antithetical to that. If we abolished landlords, 20% of houses in the UK would suddenly come on the market. That would basically solve the crisis.

[@alanzoblackstock]

@@Sherwinnicus The reason people buy property is for security and for investment, regardless of if its your own home or as a landlord. To you point of abolishing landlords and releasing 20% of houses. Who do you think will buy this 20%? DO you think the government will buy them to provide affordable housing? No. Given buying property is unaffordable for many, who will buy them? Do you think house prices will reduce if 20% of housing stock is released? Thats unlikely given the state of the property market. Do you think the tenants in these properties would be able to afford to purchase them? Again unlikely and indeed this is one of the reasons people rent. This issue is supply and demand thats driving up prices. So you need more housing being built, not a redistribution. With more housing, the supply and demand would better balance and would result in reduced property price and rent inflation. In my view the cause of this situation is the failed government policy of council home purchases without replacing council home stock. Its not a landlord issue (landlords have been around since 1066). There is nothing wrong with landlords providing housing for a fair exchange of value - its the basis of our economy. The issue is the imbalance of supply and demand, with not enough (council) stock. Getting rid of landlords wont solve this core issue.

[@Sherwinnicus]

@@alanzoblackstock the government is already paying for them. Housing benefit is the fourth largest department behind heath, education and defence. And it’s that housing benefit that’s proping up the lack of social housing throughout the uk, as when the government can’t house someone themselves, they’re paying the bill to a private landlord. If they put rent caps on landlords, have tenants the ability to challenge rent increases by removing section 21, and started buying houses as social housing again, then we’d be in a far better situation. But at the moment, they’re happy to allow landlords to be the biggest benefits scroungers out of any demographic in the uk.

[@JimBob-qh8gl]

Either respect the landlord or buy your own house. Complaining is not fixing anything.

[@actuallypaulstanley]

No, no. We should be talking about Angela Rayner selling her ex-council house. But ignores the fact the current chancellor, ahem… ‘forgot’ to pay stamp duty on the 7, yes, 7 properties he purchased as a landlord…

[@NeonVisual]

Give it a rest boomer. She's been investigated twice, both by Tories trying to fabricate hate and distract from the end of their political presence in the UK, wasting police time, resources and OUR money, as per usual. It simply doesn't work anymore, the boomers are no longer the focus of the economy and you're never going to get another right wing, wealth diverting government again.

[@BAmalakas]

He didn't forget - he put in place a loophole that fitted his exact situation

[@NeonVisual]

The Tories have made police complaints multiple times, and two investigations have shown no wrongdoing. This is a typical Tory desperation witch hunt. They are trying to smear someone who has done nothing wrong and fully cleared of any wrong doing by multiple police investigations. Either provide evidence of a crime or shut the fug up, petulant child.

[@fantasticjames]

This is an incredibly simple/Marxist view of the UK housing problems with no consideration of the economy. House building and re-purchasing properties at "bargain basement" prices suggests a house crash. Ultimately this argument is against capitalism. Being a landlord is a service. Why is it no one in the UK wants to live in social housing? Why is social housing so poorly maintained & cheaply built? The way around this is capitalism. Poor wages & productivity is the root of the problem. Build more homes, pay better wages for those who work hard, let landlords compete for tenants. Landlords then need to offer high quality homes to people and become competitive on price.

[@Joe-cb6ex]

Poor wages are the result one of the most important inherent contradictions within capitalism: the constant battle between the demand for higher wages from workers and the need for profit maximization on the part of business owners. You clowns always talk about “the economy” as though there exists only one, the neoliberal one, and that it’s an intrinsic law of nature and that those who criticize neoliberal policy are doing something analogous to criticizing gravity. The Marxist analysis of the housing crisis, and of the general crisis around living conditions, has been valid for 170 years and continues to be. Capitalism has caused these problems and yet you knobheads keep blathering on about how it’s the solution to the World’s woes. We have yet to see this solution take place.

[@juliuswi8767]

I agree on the following points; 1) The housing market is not driven by supply and demand, it's driven by profit! 2) A cap isn't necessarily a bad thing, (however some landlords may be forced to sell if their costs rise). I strongly disagree that landlords should be abolished. That's complete ******* A sane solution would benefit both good lanlords and good tenants.

[@goych]

No such thing as a good landlord

[@Mastercane98]

There would be a greater supply of houses if it wasn't seen as an assets by the majority of homeowners. A cap makes no economical sense, it will just lower the supply of apartments available for renters.

[@dazecm]

Landlords should only be operating in the provision of housing that's needed for economic / education requirements for students and those working short-term in a region etc. A rather small ratio of a region's housing stock. They should not be snapping up properties because they know they can profit from the shortage for those who wish to settle down in an area to be close to family, friends and their place of work.

[@goych]

@@dazecm I think we have enough evidence to say that right now no one is qualified enough to be a landlord, we all seemingly are too greedy and stupid

[@juliuswi8767]

@@goych There probably is such a thing as a good landlord. But there's no definition of a good landlord that would satisfy the likes of you (i.e. anti landlord no matter what). The reality is that in our capitalist society we have to pay for things. And that includes food and shelter. Someone's always going to be your villain. If the majority of housing was provided by the local authority it wouldn't take much time before they were public enemy #1. Even if houses were given away for free you'd soon be complaining that the repair man charged you more this year than last year. You just don't get it. Neither does the guy in the video. Only some form of communism would suffice. I'm not knocking that system but the reality is that we're capitalists (unfortunately).

[@philrosenberg8805]

People really do not understand the economics of landlords and seem to think they are making a fortune from rents. Here is an approximate breakdown of where the rents from my tenants go. About 30-50% is for the mortgage interest (not paying it off, just paying the interest), about 30% is tax, about 10% covers repairs and void periods. This leaves 30-10% as income to cover the time I put into running the business. My typical rent for a 2 bed house is £800, so that is £240-£80 per month. Usually less than a day's labour for a plumber. If I were to pay for a management company, they charge 10% or the rent, so now the profit is £160-£0. You should rightly ask what you gain for that money. You avoid having to find a large deposit, paying stamp duty, paying legal fees, paying mortgage setup costs, paying for surveys and risking buying a bad house. It costs me about £50k to buy a property, but my tenants only need an £800 deposit. If you bought the house yourself it would be a capital repayment mortgage, so the payments would be higher, you would still have the same maintenance costs I have. When your boiler breaks you may not have the experience to know what to do and may struggle to find an engineer. If you want to move house it will cost you at least £10k in fees and selling costs. You should also ask what you lose when you rent. You lose the growth in value of your house. Houses in the uk have tended to rise in price a little faster than inflation. But once you buy a house, you have locked that cost in forever - as salaries go up, your mortgage will stay about the same, making it feel cheaper. By the time you retire you should have paid it off, removing a cost when you're a pensioner. This is actually where landlords make money - very slowly as prices slowly rise with inflation. But that money is hard to access. You should look at all these factors when you choose to rent or buy. But it's not a landlord being evil by renting a house and making millions. I would need to own 20-30 houses to make the same money as an experienced tradesperson and that would be a full time job to run, so that seems entirely fair. I am not rich. I provide a service that people want and need, often taking houses that are in such bad shape that first time buyers won't or can't take on. I turn them into lovely places for people to live and I am proud of that.

[@SeanMcIntyreBiker]

Exactly this. The guy talking here hasn't a clue about this business. Not everyone wants to own their home. Landlording is work and it isn't for free, it is a service and as you say it is high risk low reward for those with a few properties so many are existing the market, which is causing problems and fueling the lack of rental properties. Speak to anyone who works or contracts for housing associations or charities and they will tell you the state of some of the places that they walk into. People who rent a property do not care for that property like they would if it were their own. People who do not work and are on benefits really do not care for that property. If we abolish landlords then how do we decide who lives where? How do we decide on who lives in a higher or lower standard of property?

[@bobi6191]

Feeling secure in my own home, knowing that I can’t get thrown out of it on someone’s whim with a mere 2 months’ notice, that is priceless to me personally, so it kind of skews the cost-benefit analysis for me personally. Also, I’ve always found the expectations of many landlords to be absurd. Rent charged should not be enough to cover an entire mortgage, pay for maintenance, tax, all other costs and even leave one in the black. The profits are supposed to come when you sell the place in 20 to 40 years, and make 10 to 20 times your original investment.

[@aidenross6919]

There shouldn't be an economics of landlordism. that's the entire point. You shouldn't benefit financially by simply receiving someone else's earned income. Earn it yourself, parasite.

[@Jorge-np3tq]

whomp whomp Try renting out things you actually own.

[@aidenross6919]

@@Jorge-np3tq try getting a proper job that does literally anything that's socially productive instead of leeching off of a real workers earned income.

[@colindant3410]

This gentleman seems to be unaware of the reality facing some of us who were trying to get a decent return in a situation where interest rates were at rock bottom in the time that we were accumulating sufficient wealth to stand a chance of having a decent retirement when our earning years were largely over. Having bought my properties a long time ago, I don't feel responsible for today's insane house prices. I might add that, while rents have been going up, so have costs. As most of my properties are leasehold, I am not actually the landlord of these properties. If the 'maintenance costs' go up, I have no redress and have to pay up. Courtesy of Covid, I have not received rent from one particular property for a number of years, and in another case, rent due to me has been paid by the tenant, but not passed on to me by a third party for over a year now. All I have been trying to do is generate enough income to have a decent retirement. Sorry if you feel that has been such a heinous crime in your eyes.

[@chhitijpahari1011]

Feel bad for you. You also got fucked by the housing/rental system. Housing is not a FUCKING investment. Should have put all your money in stocks and you would have been able to retire by now.

[@MrMadalien]

The poor want you to be also poor. That's all.

[@jhuc2869]

@@MrMadalienThe people just want the chance of having a future, owning a home to raise a family. Can’t really oppose prospective landlords with the ready cash to buy their properties, but to be able to mortgage with a view to having somebody else pay it off for you is theft from the future of the nation. Find another way of making money than taking the hope of our children.

[@dazecm]

​@@MrMadalien Do you over-generalise often? The context here is not the poor wanting you to be poor but people who have a right to shelter and telling those profiting from and simultaneously contributing to the shortage to stop being so intellectually dishonest and wretched in their greed.

[@markaldridge389]

Sounds like a future BBC Director General to me

[@sjewitt22]

What now?

[@chhitijpahari1011]

The next director General will be one of Kier starmers relatives

[@desiv1170]

Nick: I want to talk about a profession that we all agree to hate. Evil Landlords. Some think they are good, but they are all bad! Me: And what do you do for a living? Nick: I'm a lawyer... But I'm a good one!!!!

[@hari7591]

I started renting in 2022 at £875pcm and now in 2024 my rent was only upped to £900pcm (where the average in the area is more like £1200). Am very grateful that the rent increase was manageable.

[@DanteLovesPizza]

Same question from me and disclaimer, I am not a landlord renting out a property. Suppose all landlords are abolished. Great, now the properties they rent out are emptied and on the market to be bought, etc. Where are the renters going to live? Most renters can't afford to buy the house they're renting. Who is buying these houses for these people to live in? Property developers aren't going to hand the houses over for free. So when a property is built, landlords can't buy it to rent out so people have a place to stay, renters can't afford to buy the house to stay in, what is the solution? "Oh, the properties are overpriced, developers shouldn't be allowed to charge that much, then everyone can afford a place." OK, so you're asking property developers to not make a profit? Then why be in the business? If they are to take all the risk to not make money, they might as well just not do anything and shut down. "Cut the cost down, property developers make a profit and now the houses are affordable." Material cost is not going down, the only thing to cut is salary. So wages aren't high enough, but let's cut the salary of bricklayers? Brilliant idea. What matters is everyone can afford a house, but bricklayers? They can starve. I'm all ears for a solution, but no one has yet to bring one up. "I want it to be like this, I want it to be like that, but I don't know how to get it to be like this and that." If we can get things we want without knowing how to get them, then I want to be Superman.

[@ankeetpatel9008]

Very well said

[@MEvegasRealtor]

Extremely well said my friend, in addition to the unspoken facts about how we should be cherishing people's abilities to earn a bunch of money for themselves over time, and then invest that into a home (first) for themselves, and then later on so that their hard work pays them back over time for having earned such capital. Its crazy how fast people jump on the bandwagon to say "yea, screw those people that worked really hard to earn assets or capital, let's drag them down with legislation!". You seem to actually intelligently break down the issues with both sides, and I applaud you for that. Great insights.

[@johnners911]

As most rents are higher than the mortgage, I think you'll find that (perhaps with some slight tweaks to the system), that most renters could in fact afford to buy their own homes. Also, social housing is the answer.

[@DanteLovesPizza]

​@@johnners911 The problem is, they can't. I live in the north east of England, where houses are among the cheapest in the country and it costs almost £200000 for a three bedroom semi-detached house right now. The average salary here is just over £26000. This salary doesn't even qualify for a £100000 mortgage loan from any bank, and I know this because my brother recently approached a bank for a principle in agreement, but for argument's sake, let's say it does qualify for a £100000 mortgage loan, the buyer still needs to fork out £100000 in cash. I don't need statistics and research to say, I know the vast majority of people who rent in this area don't have this amount in cash. No offence, but I really do think people should look at the market and see reality, like, real banks, real mortgages, real numbers, because all this "if landlords don't exist, houses would be affordable" is la-la-land talk with absolutely no statistical backing and comes from some weird hypothetical imagination. I do agree with you that yeah, we just need more houses built. And I've been saying this a long time. Building more houses is more supply. Removing landlords doesn't increase supply, because oh, houses don't magically grow when we get rid of landlords.

[@DanteLovesPizza]

@@MEvegasRealtor Thanks. I mean, some people inherit the wealth and do this, so it's not all hard earned, but that's besides the point. I just get ticked off when people complain but don't have the faintest idea for a viable solution. Reminds me of when Truss caused the interest fiasco, and someone who bought an apartment to rent out couldn't afford his mortgage repayments, so he had to foreclose, and everyone in the comments were celebrating. I was just in awe, because they didn't think about the tenants that were due to be thrown onto the street, a foreclosed property will go out cheap and it won't be a middle-class buying it, it'll be mega rich Joe who can fork out the cash without a mortgage, and the rent gets hiked, and then yeah, the tenant now has to deal with double rent or sleep on the streets, and people were celebrating this. Really just irritates me when people can't think logically for two seconds to realise who is truly suffering.

[@evolassunglasses4673]

Maybe not keep letting in 1.2 million cheap workers for capitalism.

[@BrianFace182]

Stop blaming migrants for problems caused by landlords.

[@jasonbaxter3658]

@@BrianFace182 stop blaming landlords for problems caused by politicians.

[@BrianFace182]

​@@jasonbaxter3658 the problems are caused by landlords in cahoots with politicians* So I will blame landlords thanks. Stop trying to fob off responsibility, I grow tired of landlords and their simps behaving like irresponsible little babies, blaming anyone but themselves.

[@ashf4612]

@@jasonbaxter3658many politicians are landlords , sadly ..

[@GailPlatt]

@@BrianFace182 Politicians of every colour are disinterested landlords. Labour by tradition, the conservatives progressively from George Osborne in 2015 onwards, in a bid to widen their appeal to win votes.

[@ruesmale6940]

Most European countries have very high rental rates rather than home ownership, I don’t force anyone to move into my property, I also charge below the going rate. I don’t exploit anyone. I like everyone else works hard and have been careful with my money throughout my life. I invested in the property because I have done without the other “essentials” and have been able to afford it.

[@VerushkaMusic]

When did you buy your house?

[@jjmstudios]

We do not have enough houses. We wouldn’t have enough houses if we abolished landlords. This interview shows how government policy ends up with the wrong people fighting each other - landlords and tenants should be working together to produce a better system. The government has failed us consistently by not building enough homes either to live in or rent.

[@goych]

And yet landlords do fuck all about it, other than get rich! Funny that

[@jjmstudios]

@@goych the National Landlord Association are completely behind the Renters Reform BIll. It's the government that haven't delivered.

[@Ab.Stat.]

really disappointing that the answer to 30:10 is merely "some form of rent control" give a policy proposal

[@serebii666]

He did, in a round about way. Expropriation of private property and allocation of need by the state. He is a Marxist after all. The fact that this doesn't solve the housing crisis at all and will proliferate slum conditions, since we all are aware of the government's ability or rather lack therefore of maintain existing infrastructure, on stagnating the already very little new stock being built.

[@3rdager]

I bought my home, a large Victorian terraced house, in 1984: As a single woman in my early 30s (no parents, no children, no support system) I wanted a base from which to continue my travels and to work overseas. Having first grown up living in a 2-up/2-down mid-terrace house with no hallway, coal fire, cold tap, tin bath and outside toilet and later, in my teens/20s, in a newly built 3-bedroom mid-terrace council house with no hallway, coal fire, hot water, bathroom, indoor toilet but no central heating, I wanted a house big enough to share and with a hallway with a stair banister to slide down: As a child there'd been no banister to slide down and, from my late teens onwards, I'd enjoyed living in shared houses. My parents had both died by the mid-70s/early 80s when I was in my early 30s; there was little to inherit but I was a saver not a spender! 1984: For the first year in my own house I shared my 5-bedroom home with 2 young French students and a 20-year-old black woman who had grown up in Cleethorpes. Later my tenants were post-grads who, tempted by Manchester's nightlife, had decided to stay; in those days 'The Hacienda' was flourishing! When I was overseas they had the place pretty much to themselves but I had a base to return to and a community, albeit they were usually 10-15 years younger than me. 1992: Having failed to successfully cross a road in Naples, I returned to the UK and in 1994 I opened Manchester's first BackPackers Hostel in a pair of adjoining, 1930s bog-standard, semi-detached houses: One house accommodated up to 20 short-stay guests in 4-6 bed dormitories. The other house offered weekly/monthly rental rates in 4 serviced twin-shared rooms: In those days, before the internet and when shorthold tenancies + deposits were the norm, it was pretty much impossible for backpackers to find somewhere inexpensive for just a few months. In the early noughties my local council closed the Manchester BackPackers Hostel, claiming that 6 parking spaces, with the potential for more, was insufficient for guests who rarely arrived by car; the council later granted Gary Neville planning permission for 'Hotel Football' with no private car parking provision. I had never planned on being a landlord, apart from my house-share, but by the early noughties when the local authority closed 'Joan's Place', both houses were let to tenants whilst I went overseas: I'd already decided that, on my return, I'd focus on setting-up small walkers/cyclists hostels/community hubs with co-operative housing above: aka the 3rdAge Hostelling Association. In 2005 the houses were let to tenants but I returned in 2006 to find that the houses had been turned into 'cannabis factories', substantially damaging floors, walls, electrics and plumbing. The houses have remained empty since then as, following the financial crash of 2008, I struggled to raise the funds to repair them but hoped to retain them as part of 3rdAge Hostelling and Housing's project. Location, location, location: Developers/ landlords wish to buy these properties but altruism is not on their agenda. I've spent 20 years trying to protect the houses from thieves, vandals and developers but on Tuesday, 09 April 2024 my local authority will sue to have me declared bankrupt for non-payment of 300% Council Tax on uninhabitable, now semi-derelict, houses. Empty houses are a blight and trying to protect them is expensive and time consuming. People don't intentionally leave properties empty for long periods, there's often a back-story of loss, stress, ill-health and ageing. The stress of a similar situation contributed to the death of a friend of mine. I'm obviously still alive but living well below the poverty line for so many years and, since Covid, living in a home without heating or water on a pension of £120 per week has taken its toll. My pension went up in smoke, literally! Anybody need any plant pots? Good intentions are often punished!

[@juliuswi8767]

Wow. What a story! Wish you all the best!

[@BrianFace182]

The road to hell is paved with good intentions, so what do you expect? It sounds like you tried to use people's basic human needs to fund your travels and then were shocked when it bit you in the backside. So what? It's your own fault. Cry harder.

[@keithparker1346]

Sorry. No sympathy

[@levantos]

Only owning 1 house and it's the home you live in, interesting. Being a landlord can be altruistic, but a great a source of capital gains income and holding money rather than wasting it in a savings account. Guess we have to consider the wider picture and society. I think everyone should have the right to a home and does that trump social wealth mobility? Potentially? Not an easy one to tackle. To me what's valuable in being a landlord is the increase in the property value rather than rental incoming and right now I don't think properties that aren't HMO's are really making that much money.

[@sookibeulah9331]

And any profit can be easily wiped out by tenants that don’t pay rent for months, then just prior to an eviction hearing pay enough to avoid eviction only to fall into serious arrears again. I’ve heard of landlords who by the time they are able to evict a tenant who’s owed 6 month + of rent the bank is repossessing the property.

[@georgescott6620]

that sounds like they made a very poor business decision, why does a landlord get to escape that fate when no other business would?@@sookibeulah9331

[@MEvegasRealtor]

@@georgescott6620 Any other business that has people come in and trash the asset has insurance that will completely cover the damage for them. Landlords oftentimes get hamstrung in evictions due to tenant protections, and are still expected to pay for their mortgages each month. The problem here isn't the landlords - its the bad actors on both sides. Bad tenants cause landlord nightmares, and bad landlords cause horrible renting situations. Unfortunately trying to get the government to regulate bad actors is ALWAYS going to lead to less power for BOTH parties, and more power to the government, which leads to worse lives for all involved.

[@sookibeulah9331]

@@georgescott6620 what do you mean by the landlord escaping their fate like any other business? They don’t escape any fate - they can end up being OWED significant sums of money, whilst still having to pay out fixed expenses. Other business can terminate supply of services as soon as the other party stops making the contracted payments. If another business decides to peruse any arrears through the courts it’s very likely they will have the home address of the debtor as it will be the same as on the contract - unlike a tenant who will move and doesn’t tend to give the landlord their forwarding address A landlord might not start the eviction process after 2 months of missed rent (the earliest time they can) because the tenant promises they’ll catch up with the rent when XYZ happens. Then when rent still isn’t being paid they eventually start the process and it takes a further 3-6 months to get to court (court fees cost to landlord) once they get to court the tenant may be given a month to find somewhere else to live before the bailiffs (another cost) can be sent to evict - so that means 5-12 months without ANY rent being paid (whilst still paying the mortgage) The only way the landlord can get any rent arrears and eviction costs is to take the tenant to court again (yet more cost) to get a CCJ for unpaid debt. To do that they have to get the tenants new address, which the tenant in arrears doesn’t have to give them. If they manage to get the address and a CCJ but the tenant is on benefits they won’t have to pay the CCJ. It can only be put against earnings if the tenant is working, and even then it could take years for the arrears to be paid off. If the tenant wilfully damages the property (not wear & tear) the landlord has to take it to the court and the same problems occur with obtaining. This is the system. This is why many landlords now only rent to tenants who have a property-owning guarantor. If the tenant is evicted owing £1000s in rent or seriously damages a property the courts will force the guarantor to pay the debt. This significantly penalises poorer people who can’t get a guarantor

[@georgescott6620]

@@sookibeulah9331 someone else is paying your mortgage for you, it's your problem as a landlord if you took out that loan. Buying a rental with a mortgage is a risk and you can just sell it to recoup the loss given the way prices have been for the last few decades you're more likely to be making money with the resale than not. All the economics of the situation favour the landlord so if they get greedy and too comfortable with risk, then that's their problem.

[@arp_909]

Not everyone wants to or can afford to buy a house, so there’s always going to be a need for a rental market. It needs better control in terms of tenants rights, affordability and providing homes with a high standard of quality. The main problem is growing wealth inequality driving up house prices and therefore rents, in my opinion

[@JosephYates-dw5gi]

Restrict home ownership to one home per adult or per family household. Problem solved.

[@BrianFace182]

House prices go up because landlords are allowed to buy houses with debt and turn them into rentals. A rental is no longer available for purchase. Increased demand plus reduced supply = prices go up. It's really not that hard to understand. Stop using this "not everyone wants to or can afford to buy" crap. People who can't afford to buy WOULD be able to if landlords hadn't priced them out of the market. Your circular, self reinforcing logic is getting really boring.

[@arp_909]

@@BrianFace182 mate, believe it or not there are people who don’t want to buy at any given time. Not sure how that is hard to believe. Lack of supply is not the only factor affecting pricing. Go and watch some videos on the channel Gary’s Economics if you want to understand why asset prices have exploded

[@arp_909]

@@BrianFace182 There are plenty of people who don’t want to buy houses, so I think you’ve misunderstood this point slightly. I’ll give you some examples: people in their 20s who want to live in cities with friends. People moving to a new area who don’t want to commit to buying. People relocating on a temporary basis. Even if housing were more affordable in general, you will still have sections of the population who can’t afford to buy - either because they don’t have the required deposit or because their credit/employment status means that they can’t secure a mortgage. Do we also need more social housing? Absolutely. There has never been a 100% owner occupier housing market in this country, so why is this being touted as the solution? Let me be clear, I’m not a landlord and I want to see the cost of housing come down for the benefit of everyone, but rentals are still part of a housing market that functions properly. It’s naive to think that banning landlords is the solution. The underlying reasons why house prices have increased need to be understood, which is what lead to it becoming a lucrative investment in the first place. The combined effect of rising wealth inequality (which increases the buying power of the rich, who spend their money on assets) and the amount of money printed through QE in the last 15 or so years (in response to 2008 and covid which has increased the cost of everything and has in turn made the rich even richer) has pushed house prices up, while wages have not risen in real terms. Regional disparities are also a symptom of this, when wealth is concentrated in areas such as London and the South East it leaves other places behind. There are plenty of towns across the country where housing is cheap, but people don’t want to live in such places because they are socially deprived. There are so many factors that have lead to the situation we’re in today, it’s not a simple case of supply and demand.

[@MarsBorg]

Landlordism should become a capital offence.

[@jasonjay81]

Just to add a balancer I have a friend who is a landlord and rents 95% to people on housing benefits.. the problem he has with a lot of tenants is the council pay the tenant, the tenants don’t pay the landlord then the council help the tenant to stay in the house RENT FREE not sure where you could live mortgage free.. end result my friend had to sell.. I’m not sure landlords are the problem wholy I agree some are.. it’s funny and this gentleman also makes the point I keep hearing housing crisis yet I go on right move or look in estate agent windows and I never see no homes for sale or rent..hmm then the new builds that I see are priced even higher than the houses they are built around 🤔

[@mykeprior3436]

no one thinks that's alright and is an obvious abuse. But "generally speaking" LLs have the power and low risk with employed tenants. I don't rent out to garbage humans.

[@dazecm]

Landlords are part of the housing crisis problem. The other part is national and regional government not building enough houses. If all landlords sold their properties and they weren't snapped up by other landlords, that would mean more properties available to mitigate the shortage for those wishing to settle down in the area to be close to family and friends. Is that a bad thing? And those high price new builds you mention are high priced because again, landlords are part of the problem with a broken housing market that is the REASON new builds are higher priced.

[@time4advancement244]

We aint going anywhere! And after hearing the hatred spewed, our property development company will be INCREASING its rent from next month

[@robertemmett906]

Law is on their side? Courts are on their side? I had squatters. The advice was formalise them as tenants and section 21 them. Which takes 7 months. This guy is just a dick. Just because he's talking on your screen doesn't mean he's right.

[@clareshaughnessy2745]

YES!!! When I hear bloody politicians saying that laws protecting tenants discourage investors I say GREAT! The whole bloody debacle of amateurs moving into the business of providing people with their HOME makes me furious. And the fact that we’re encouraged to believe that it’s just an investment, a pension plan is also infuriating. Would we say the same about any other necessity? I have to stop or this comment could go on til Dick docks (that’s a very long time away if anyone doesn’t know)

[@whatanabsolutejoke]

👏🏽this! It infuriates me too that these rental incomes from landlords are quite literally extra cash for the majority. It is so unfair & has caused this mess. I don’t care who you are you don’t need multiple properties, it’s pure greed. Anyone with a basic grasp of maths can see, there won’t be enough housing if every Tom, Dick & Harry has multiple extra houses & that b**ch Thatcher sold off all social housing without reinvesting that money & building more. Housing should be a basic human right. Rent control is needed now, it won’t drive the standard down. The same house we rented previously has gone up £500 in a year… it is the same f**king house… that is exactly the same product. Without rent control these greedy a**holes can charge whatever they like. And p.s this isn’t a private landlord it’s a private rental estate “built for renters” or more like “built to rip you off so you can never afford your own house”.

[@frenchybjhy2419]

Yes I agree! We should ban landlords, supermarket and grocery markets they charged us markups for nothing... food and rent should be free

[@gwenong8155]

Amatuer here with one property to let, claiming to provide a home to those who don't own one, and pretending it's an investment, or for want of a better phrase, pension plan. In truth, I'm just out to conquer the world and rule the dumb masses and make sure Dick never docks.

[@mykeprior3436]

@@frenchybjhy2419 you're a clown.

[@SeanMcIntyreBiker]

Nick Bano, why don't you use some of your extra cash to buy a property and then provide some affordable rental properties? Let us know how you get on.

[@davideyres955]

Love the left wing, let’s make actual work lead to nothing. Let’s make landlords not having economic viability let’s make them out to be evil. What happens when you make it economically hard is that people will get out of the market and you’ll reduce the supply. “The class of landlords” “the class of tennants” talk about divide. He couldn’t provide any proof of the charge to view rumor so it’s just rumour nothing more. Making it non viable will not help renters. You’ll either drive out supply or you’ll drive it to the big corporations who you will not get any “good” landlords. We need to get back to building council houses to a good standard. This provides an alternative to rental and rental provides and alternative to mortgages. Marksism has never worked. It’s too distant from human nature.

[@Tommyleini]

What is your opinion about leaseholds and service charges, Nick? Sad you didn't talk about it.

[@david1731048]

Some people will always choose to rent, so who should they rent from if becoming a landlord is outlawed? I'm 38. Final salary pensions were abolished before I joined my company. A state pension isn't something I'm relying on, or even expecting to get at all at this point. Up until last year savings rates in the banks were practically nil, with inflation eroding savings away every year. So I have a rental property, even though this apparently makes me an evil person. Millennials are going to look for ways to build a nest egg somehow - they aren't the problem, they're the same victims of the system just looking for a way to look after themselves. Or you can invest in stocks and shares, but then you're pilloried for being a greedy capitalist making untaxed gains off the back of hard working people. If you're lucky enough to do well, have a good salary and have some spare money at the end of the month, what is it these people want us to do with it that's completely 'ethical'?

[@keithparker1346]

State owned properties to rent. It doesn't have to be private

[@david1731048]

@@keithparker1346 and on the other issue, what should young people do to create some wealth for themselves?

[@keithparker1346]

@@david1731048 moving the goalposts as you've lost the argument

[@ELLISRUGER8]

I have two, 2 bedroom flats I would love to sell, one is 390 a month the other is 410, I have not put the rent up since new tenants went in there (3 years), I would love to sell them can do without the hassle but don't because I know the tenants will be moved on or have a massive rent increase. Embarrass me as much as you want, I have offered to sell them back to the council at a more than fair price. Not all landlords are bastards, yes I want a return on my money but I offer well-maintained accommodation cheaper than the council.

[@BrianFace182]

So... sell to the tenants at a massively discounted rate and take the loss. Or sell to someone else who could live there, again at a massively discounted rate, and take the loss. You're not obligated to sell to other landlords or the council. You're not entitled to a return, because you're not doing anything to earn it. If you're not willing to take the loss as a punishment for gaming the system, then the least you could do is shut up and stop whining and just enjoy the free money until we figure out a way to seize the assets from you without compensation. The least you could do is just be ashamed of yourself. You're not entitled to respect, and if we want to deride you and embarrass you, we will because it's all we've got. Sickos like you took everything else we had.

[@El-Burrito]

Looks like PoliticsJOE hit 500k subs today, congrats!

[@BreakBeatPaul]

My friend rented out her house so she could quit work in order to move in with her mother and provide full time care. Should she be humiliated? BTW the tenants never paid any rent and she had to go through the courts to have them evicted. They lived there 6 months without paying a penny and they trashed the house that cost thousands to put right.