Summer Budget 2015 – Landlords Reactions

I am watching this dispatches programme yet again bashing landlords but it dies say that extreme cases are in the minority' but yet again it is focusing on negatives as they always do

Can anyone help I haven't been gettin email updates on the thread I though it had gone quiet ? How come it has stopped

Just wondering why I am not getting email updates of comments

Hi NW Landlord, Are you getting the newsletter and or have you unsubscribed at any time?
Have you checked Junk and Spam Folders and have you White listed @property118.com?

Research suggests many UK buy to let landlords plan to sell up

http://www.propertywire.com/news/europe/uk-landlords-buy-let-2016031411669.html

Preface - There is no justification for abuse or running a slum. Equally there is no justification for running a business that makes a loss - intact running insolvent is a crime! ...but..

I have known of people renting to a family of 5 and then they move 10 others in. Like we all do (did) when we go on holiday somewhere we can't afford. One of the group books a hotel room and tell our mates to bring a sleeping bag and sleep on our floor. Is that the travel agents fault or the hotels fault?

The Channel 4 piece does say it is the minority. The spindly little pillock asks just the right questions in just the right way. He too is just doing his job. The shame with TV today is that if it isn't controversial then it isn't of interest - does not make good viewing.

When John came to my Dad's house when I was 14 for his money. My Dad asked me if I owed John the £10 and had not paid it back.... and had my dad have been a touchy feely type and had he have followed that with "how does that make you feel". The right answer would have been "Dad, I feel like scum. You have thought me better than to owe people money in the first place. I have had pocket money and used that to buy sweets and lived normally when i could have and should have repaid the debt. I know i should respect John and you more than to allow the situation to get to this stage where he has come to our house and can rightly shame us all. Dad, I could not feel lower than i do today and I am utterly sorry and devastatingly embarrassed. Please please don't tell Mum or Gran they would be distraught! When you finish hitting me, which of course you must do to teach me right from wrong, I shall be immediately I am on my way to the bike shop to sell my bike to pay the debt.

Stikes me as odd as to why these tenants don't just move to a better landlord and or a better more suited, better maintained property. There must be a bunch of landlords with properties willing to not be paid their rent surely..?

I don't work with benefits tenants because they can, on a more than likely basis, be like those tenants in the programme. You know, they have decided not to work, claim benefits, don't look after the place and then moan. I know there are plenty of good reasons why people don't work and I assume some of them are real and justifiable reasons. My choice is based on the premise that "if you take the Devil's dollar you shall have to answer his questions and be his slave" So, those that do take benefit rents have opened themselves up to this sort of attack - Justified or not.

Although it seems to me to be a good business model and I don't have any problem with it. Those that have an issue with the redistribution of wealth narative deserve what they get. Since when is providing a room to a man who wants and needs it and who is not willing or able to pay for it a redistribution of wealth? Maybe that house converted itself free of charge. Maybe there are 2 million empty council properties for that man to move into and he is just being silly. Maybe that lovely lady had paid the rent than landlord would have had the money to fix the boiler.?

I personally would not allow benefit tenants to rent in the PRS. That would put further upward pressure on rents in my view and make me wealthier. I don't quite know where all those benefits tenants will live though?

At one point a woman bemoans having her new years eve party ruined by a text from her landlord asking for £2,300 she owed. I had to replay that bit several times as I sill find it rather funny. I was waiting for the punchline but it never came. No she really did do that and her feeling were hurt!

The one ex council property i own, i rent to 5 students who love it. It is home to 5 people now! - Greedy old me! The council built it for 10K sold it for 120K ten years later to a tenant who lived there on his own had paid rent. He was eligible to buy it Monday, bought it Tuesday for 120K sold it to me Thursday for £170K and I am the greedy bastard?

I think George Osborne is right the Tenant tax will fix all of this!!!

Pox on all them half-bit wannabe leftist bigoted journalist and the scum tenants they make their putrid living abusing to make TV for the same scum to watch and hate on me for. Even if I have no part of it or them!

http://www.commercialreporter.co.uk/commercial-news/most-property-investors-undeterred-from-buy-to-let.html

Most property investors 'undeterred from buy-to-let'

Reply to the comment left by "Ray Davison" at "14/03/2016 - 19:01":

Of course landlords who do not provide the stipulated living space should be prosecuted. However, overcrowding by a minority of criminals does not justify the inclusion of more confused thinking from the anti-landlord brigade.

Dr Victoria Cooper, lecturer in Economics, sorry Sociology, stated on the Dispatch programme that “Somewhere around 40%of the housing benefit budget is spent in the PRS, and what we are seeing is a re-distribution of wealth. We’re seeing that previously public funds would be spent within social housing but also that money would be used to re-invest, to expand that social housing stock, with the PRS the money‘s not being re-distributed anywhere, it’s simply going into the pockets of the private landlords.”

Is she claiming that councils were making so much profit from low rents and housing benefit that they were able to build new houses? I find that hard to believe.

If the housing benefit money simply went into the pockets of the private landlords there would come a point when they would be so weighed down that they would not be able to move – like Billy Connolly in the discotheque wearing incontinence underwear (available on youtube).

Of course the money is re-distributed – to lenders, to employees, to HMRC, and finally as re-investment in more properties to house more people on benefits.

The real re-distribution we are seeing is the transfer, from councils to the PRS, of the burden of housing people on benefits.

The blinkered and misguided view is astounding :
government sell council stock then have nowhere to house people, they then badger PRS to take the families they cant house, PRS responds to demad by creating more living units - then get slated for doing councils job.

next tax those LL and people farmers into oblivion thru as many ways as cant be dreamt up plus some more and blame them for the lack of social/rental stock.

next reduce that stock and replace the rented stock with (foreign owned )- tax avoiding companies and let £uk cash pour out of the country untaxed in huge volumes.

So we are left with new ghetto tenement blocks (with gyms tho !) MUCH higher rents,(to service shareholder "greed") a reduced rental stock with an ever increasing rental demand.

Where is the social housing provision coming from ...ah yes housing assoc , erm well no , not if the right to buy goes through.

Unencumbered LL and those that can de-lever sufficiently are about to have a good few years ahead.

Harry Potter wants to know how they will pay inflated rents due to c24 Tenant Tax ? We have a shortage of rental prop as well as available OO stock to buy - there doesnt seem to be an issue about that , or there being enough ability to pay higher rents, erm ..a far more important question is : where/how are the people who CANT afford the rent going to live ?

At some point in the not too distant future the worm will turn and people will realise that just like petrol, beer and fags most of the money paid over actually goes directly to the government, and then finally they will understand.

I am explaing that i have good news and bad news for my tenants - the good news is that i am reducing their rent considerably, the bad news is that George is a bit skint and has levied a Tenant Tax on their rent, which i have to collect from them and pass directly to HMRC. Unfortunately this means that altho the "rent" has been reduced their monthly payment will increase. Most people get pretty angry about the this and rightly so, they get even more angry when i inform them that over the nect 4 years altho i will freeze the rent for them , george sees fit to increase the Tenant tax 4 times.

Yep this is all to help tenants escape renting and allow them to buy their own props, tenants seem to be struggling to understand this ....i'm not surprised ...so am i !

Hi Neil I am receiving the email updates again since i posted thanks

On that programme I switched it off in the end do they make programmes about landlords who spend 10s thousands keeping there properties in tip top condition and then the tenants run off spending the housing cheques and trash the property I know this is an extreme case but it does happen more regularly than people think. The money I have spent since Christmas is unbelievable, two new fences, new boiler, full damp course,new bathroom, two full houses carpeted, two full decorates so that is where all this redistributed wealth goes into the pockets of hard working tradesmen which is fine (knowone abuses them and so they shouldn't )

This i s a constant cost that never goes away. To say all housing goes in landlords pockets is totally untrue as we all know running a property portfolio is extremely costly and for the record I tend not to take it anymore favouring hard working migrants who also do some of there own maintainance.!

Reply to the comment left by "Ray Davison" at "14/03/2016 - 19:01":

Well the title fitted my CV so i watched. Much of what I saw of course shouldn't be happening. But there was no balance. I didn't expect a balance from this programme. . No one would watch. Rest assured though you can run your business in a totally different and legitimate way and still become an HB millionaire

Overcrowding is a very subjective concept . Who decides. Offer a homeless man on the park bench in winter a bed in the warm and he wouldn't get out his tape measure to calculate the square footage. He would hug you and cry with relief and gratitude for offering him a bed for the night. Its not perfect of course but its a palace compare with the alternative

The council are the worst offenders sometimes. They should send their own housing enforcement officers into some council sanctioned B&B`s where they put a homeless family of four into one room for much longer than the statutory 6 weeks period. Somehow that`s ok. Hypocrites

Pot calling the kettle black is the phrase that springs to mind
.