Mayor of West Yorkshire blasts landlords for raising rents

Aah right, we don't need it, so tell u what, I'll charge u cheap rent even though I can sell house & be way better off with money in bank without threat of going prison if tenant takes battery out smoke alarm.

Last time I checked, airline charged what they could get for that seat.

They spent £9.6M to retro fit just 190 properties ?? thats £50,500 per property. And then she goes on to say that they need to then do another 680,000 properties. Typical Labour, she doesnt say where her local government are going to get the £34.34 BILLION that it will cost them

Stupid, no doubt she has a few spare rooms in her mansion, perhaps she should offer them out 'cheap' and see how that works for her!

So she thinks services can be provided at a loss ! or the cost borne by someone else.
She is obviously Labour.
She should ask her own council why they are not building any council housing, -
because it can't ' wash its face ' yet Private landlords are expected to make a loss, whilst Council costs on PRS continue to increase.

Reply to the comment left by Colin Bayley at 06/10/2023 - 10:59
Ha ha yes great working out by you.

Brabin was an actress and television writer prior to entering politics, appearing in several British soap operas including Coronation Street, Doctors, EastEnders, Casualty and Emmerdale.

Her skills, whatever they are, are obviously elsewhere.

Reply to the comment left by Ray Guselli at 06/10/2023 - 12:15
Clearly still a drama queen!

It gets worse.

I have just read that the 190 homes that benefitted from over £50,000 of public money each are not houses but flats. Seriously?

£50,000 invested at just 5% would return enough money to more than pay the tenants energy bills.

No doubt these tenants also benefit from taxpayer help with energy bills - despite their bills having been reduce by up to 70% - according to the propaganda.

Time for a freedom of information request.

It is terribly sad to hear a supposedly elected and intelligent local champion mayor talk the way Ms Brabin talked. She demonstrated crass arrogance and sheer ignorance of where the problems lie. How I wish all landlords in her area sell up lock, stop and barrel and let her have egg on her face with the number of homeless families she'll have to deal with with these misjudged loose talk. I am ashamed to have Ms Brabin as a political leader in our country.

HER BACKGROUND based on info
From Wikipedia, the free encyclopedia
Mayor
Tracy Brabin
Official portrait, 2020
Mayor of West Yorkshire
Incumbent
Assumed office
10 May 2021
Preceded by Office established
Member of Parliament
for Batley and Spen
In office
20 October 2016 – 10 May 2021
Preceded by Jo Cox
Succeeded by Kim Leadbeater
Shadow portfolios
Personal details
Born 9 May 1961 (age 62)
Batley, West Riding of Yorkshire, England
Political party Labour Co-op
Alma mater Loughborough University (BA)
University of the Arts London (MA)
Website Official Website
Tracy Lynn Brabin (born 9 May 1961) is a British politician who has served as the first Mayor of West Yorkshire since the office was established on 10 May 2021. She previously was the Member of Parliament (MP) for Batley and Spen from 2016 to 2021 under the Labour and Co-operative banner.[1]
Born in Batley, Brabin was an actress and television writer prior to entering politics, appearing in several British soap operas including Coronation Street, Doctors, EastEnders, Casualty and Emmerdale. She was elected for Batley and Spen in an October 2016 by-election after the murder of previous incumbent Jo Cox.
She was appointed as Shadow Secretary of State for Digital, Culture, Media and Sport by Jeremy Corbyn in January 2020, succeeding former Deputy Labour Leader Tom Watson. In April 2020, new Labour Leader Keir Starmer removed Brabin from the Shadow Cabinet and appointed her Shadow Minister for Cultural Industries.
She resigned as an MP after winning the 2021 West Yorkshire mayoral election. Her resignation triggered a by-election, which Labour's Kim Leadbeater won. She is the first ever woman to serve as a metro-mayor.
Maths and Finance is not mentioned so i conclude its not her strong point.
but it would appear this lady has held some senior positions in the shadow govt with the LABOUR PARTY. but i struggle to see anything concrete in building the houses which we all agree need to be built.
most landlords if given the correct long term support, have the skills, knowledge to help build some of the urgent housing required, but it is essential people in power understands the hurdles we landlords have to jump over to acquire mortgages. one is many lenders have reduced the LTV-ie landlords have to find 40% plus purchase costs, from their capital and lenders are also correctly checking the affordability of paying the monthly mortgage interest from monthly rent.
thats why landlords are having to make these business decisions otherwise when their fixed 2,3 or 5 year mortgage is due to be renewed at the current higher interest rate, the lender maynot renew the mortgage. then the landlord has 2 choices, 1 find more capital to reduce the mortgage and probably at a lower return and may have capital gains tax to pay, or 2 sell up, repay mortgage, pay capital gains taxes and invest the equity in no stress ISA's and enjoy life.
OH! and evict the tenants and potentially have another homeless family. is it a PRS landlords responsibility to find the solution to the homeless problem? or politicians. politicians increase the cost of services etc because they are running a business so why cant landlords do the same? the tenant has a choice to stay and pay the increase or find another rental property.
POLITICIANS have a choice to resign from office and move on without any questions being asked as to why, and someone else has to fill the role, so landlords must have the same choice as to how they manage their business- its not a Charity!