Where do you start with the whole rental market?
The Scottish government have removed almost all tax relief that landlords could claim making it less appealing as an investment.
Those that do choose to be landlords are faced with increasing tax bills. This drives higher rent as landlords look to cover costs. There has also been an increase in the amount of ‘holiday’ lets (e.g. Airbnb) which can generate the equivalent of a months rent with a couple of weekend lets.
It’s like a perfect storm, landlords increasing rent to meet increased costs, supply of short-term rental properties decreasing but demand increasing.
I’m sure there are other factors too but I fear Scotland is facing a homeless crisis that local authorities are not equipped to cover.
There are unscrupulous landlords out there that need addressing but I believe the vast majority of private landlords are doing the best they can.
There are also horror tenants out there too.
I’ll never understand why people treat landlord’s behaviour like a physical law of the universe. Whenever anything is done to stop a completely unproductive part of the economy that by definition sucks money away from people without assets while providing *absolutely nothing*, they are just given a free pass.
It’s such a batshit thing we have completely normalised in our societies.
But, but the landlords, they are so holy, they treat their tenant so well, they are better than average. It’s not about the money.
Ha. Just kidding plebes. Young Renters are paying for their retirement twice over – firstly the house and then via social security to landlords future pension. And as soon as it’s not financially beneficial for them – you’re getting evicted, screw having a home.
4 comments
Surely not !!!
Why could nobody have predicted this !
Where do you start with the whole rental market?
The Scottish government have removed almost all tax relief that landlords could claim making it less appealing as an investment.
Those that do choose to be landlords are faced with increasing tax bills. This drives higher rent as landlords look to cover costs. There has also been an increase in the amount of ‘holiday’ lets (e.g. Airbnb) which can generate the equivalent of a months rent with a couple of weekend lets.
It’s like a perfect storm, landlords increasing rent to meet increased costs, supply of short-term rental properties decreasing but demand increasing.
I’m sure there are other factors too but I fear Scotland is facing a homeless crisis that local authorities are not equipped to cover.
There are unscrupulous landlords out there that need addressing but I believe the vast majority of private landlords are doing the best they can.
There are also horror tenants out there too.
I’ll never understand why people treat landlord’s behaviour like a physical law of the universe. Whenever anything is done to stop a completely unproductive part of the economy that by definition sucks money away from people without assets while providing *absolutely nothing*, they are just given a free pass.
It’s such a batshit thing we have completely normalised in our societies.
But, but the landlords, they are so holy, they treat their tenant so well, they are better than average. It’s not about the money.
Ha. Just kidding plebes. Young Renters are paying for their retirement twice over – firstly the house and then via social security to landlords future pension. And as soon as it’s not financially beneficial for them – you’re getting evicted, screw having a home.
Just accept it plebes.