Facebook Debate With A Landlord “HATER”

Yes,
I've been in debates with many of them. They never have an answer for where the low earning tenants gonna' live that can't afford to buy.

He's wrong on his second account straightaway. I've bought stuff JUST for tenants. About 20-30 houses over the years that THEY HAVE FOUND just for themselves. Yes, the numbers have got to add up, 'cause if they don't, there is no home for them. They get what they want, I get something in 20 years.

Eye watering rents? I've lost on many of mine for several years. And even now, I'd be better off in alternative investments when I'm charging many tenants £520pm when all surrounding rents are £850. I'm doing this cause I can, cause I bought the houses when they were 14k, but I shun't have to do this. I've turned into a charity & I din't set up the houses to be a charity.

He is right on what do tenants have to show for it after 20 years. Well they must buy a house then. I tell all mine as soon as they start earning enough to qualify for a mortgage, we MUST get them buying. As we know, I'm offering many to pay for their deposit on buying mine, so I can get out of here.

He's right, Landlords aren't competing now. Cause of all the retrospective Anti Landlord rules/regs since 2015. It's the Anti Landlord people that have made us that are still in business, receive very high rents indeed. Albeit with the most draconian admin & unnecessary costs.

He's quite often wrong isn't he 'You won't see this I know'. I think he's discussed with me before on one of the Platforms. I often win 'em round ha ha.

Reply to the comment left by Mick Roberts at 06/02/2023 - 06:58
Mick is right: Landlord's aren't competing now (to get tenants). Because they are being driven out of the sector and the non-professional landlords are being driven out, competition is going up and rents are going up.

But on responding to these kind of posts you are probably wasting your time. Whilst the majority of people in UK are in the centre of the political spectrum there is a proportion of people who are rabid anti-capitalists. They don't think people should be landlords, they don't think people should own their own homes and they think government (run by people like them) should run everything. You are wasting your time trying to persuade these people to change their view and by responding rather than ignoring them you are just giving them free publicity.

A fool learns little from a wise answer .
A wiseman learns a lot from a foolish question.
Why argu with these people.

What a load of green eyed left wing tosh!
Us landlords provide the capital to supply housing to "the people" as any government can't. doesn't matter what they say. Yes, there are bad landlords. The sooner they are removed the better. It's not an easy way to make reasonable money but try explaining to these you don't know anything about the business.
Thanks

Reply to the comment left by Beaver at 06/02/2023 - 11:16
Yes I know, I do usually Ong one and delete. However, on this occasion I fancied a bit of fun first. It also gave me the content to write this article, hopefully to stir a few more landlords up to fight back.

Reply to the comment left by Mr.A at 06/02/2023 - 12:09
Stupidity is something you can only partly save people from.

Never argue with stupid people, they will drag you down to their level and then beat you with experience.

For those who understand, no explanation is needed.

For those who do not understand, no explanation is possible.

Reply to the comment left by Mark Alexander - Founder of Property118 at 06/02/2023 - 14:12
Ha ha brilliant.

Reply to the comment left by Mark Alexander - Founder of Property118 at 06/02/2023 - 13:01
Because of the way social media works there's not much point in fighting back on Facebook, Instagram or Twitter. At least what you put on a wordpress site gets picked up by Google.

For those who have any interest a few of today's papers, e.g. the independent, have highlighted the recent fall in housebuilding.

https://www.independent.co.uk/business/uk-construction-declines-further-after-sharp-fall-in-housebuilding-b2276543.html

The reasons cited are the usual culprits...higher interest rates, inflation, mortgage affordability. Your Facebook protagonist was suggesting that landlords should invest their money elsewhere and allow their BTL properties to be bought by owner occupiers. But according to the papers owner occupiers aren't buying because they can't afford to.

Recently the government raised returns on premium bonds and a number of landlords commented on this site that the return they would get on premium bonds would now be better than the return they'd get in buy-to-let. And there'd be no work involved.

The reason the government wants you to invest in premium bonds, as opposed to for example housing, is that collectively the government screwed up the response to the Covid outbreak and are now massively in debt; all the parties were at fault...labour, SNP, all of them. All that money was spent to try and stop the outbreak but the truth is they could never stop the outbreak and that was obvious from the beginning; yet they shut the economy down and destroyed jobs, businesses, careers and livelihoods generally.

Now they want to raise your tax bill and they want you to buy premium bonds. But they are not going to use that money you invest to put a roof over anybody's head; they are going to use it to clean up the mess of the enormous c****p they made.

So if you are a tenant and you want a roof over your head and a decent place to live do you really think the government is going to do that? I doubt it.
Would you prefer to have a good landlord? Better think about that now because a lot of good landlords are leaving the sector as a result of recent tax changes and badly thought through policies that penalised a socially useful activity.

You would struggle to convince me that investing in gold, tobacco, petroleum or premium bonds was more socially useful than investing in a buy-to-let property. I think investing in premium bonds would be the least socially useful because there's a high chance that that money will be mis-spent.

I think many people really believe that those 'eyewatering' rents go straight into the landlords pocket as is and they don't realise that there are eyewatering costs involved in running BTL properties.
As we know, most landlords receive only a small % profit on their investments already, but the current BOE interest rate rises and escalating running costs will mean they would be running their properties at a loss if they were to continue and so many, many more will join those who have sold up in the last year.
Good news for those like the person posting, but not so good for those looking for somewhere to live.
A case of 'be careful what you wish for'...