People are struggling, and these parasites just want to live a glam life in the sun leeching off hard working people

by sabdotzed

32 comments

  2. it’s a lovely friday /r/london, try not to fall for ragebait headlines

  3. Inspiring stuff. Truly heartwarming to see how exploitation can lead to personal growth abroad.

  4. This is one person with a flat though. Having worked in property management the main problem is rich people overseas who buy up new builds and as many properties as possible then will have them managed through companies and never step foot in the country

  7. It’s been obvious for a long time except to landlords who alas have a mental block and believe they somehow provide housing, instead of just being the middle person doing nothing but taking a big cut between those who need housing and those who build it.

    More housing overall being built is certainly needed but every house sold by a landlord and taken out of the parasitic supply now has an owner occupier who was the next person on the ladder previously outbid by a potential landlord. Provided they can pay the mortgage as reliably as they always paid the rent then that is their life and especially family life and old age largely sorted.

    “But my tenants could never afford to buy!”, bleats the landlord. Of course not, but a rental flat will become free thanks to the new owner occupiers leaving rented accommodation so no supply is lost as no houses have been demolished or built.

  8. Once again, people are being fooled into hating the wrong people.

    The market price for rent is high because of government (in)action over a long period of time leading to shortages, Nimbies, and house builders who are quite happy to restrict supply to keep prices high.

    The net impact of this persons action was to leave the country, and therefore provide one extra extra property to rent at market price. If lots followed her lead, the result would reduce market prices.

  10. If you don’t want landlords to have such leverage, then support holding a fuck ton more housing.

  12. Is she just using her London rental income to pay rent in Portugal? Or moved to a much lower cost of living area?

    In either case, I don’t really see the problem. Its the slumlords and those with multiple leveraged properties that cause the issues.

  13. I questioned one of my chums about his house in Hammersmith when he said he’d have to put the rent up by over 100%, despite the tenant having been there for five years. He house-sits and has already paid off his mortgage, so it’s pure greed—but he said he was just ‘keeping with market rates’. We don’t hang out much now.

  14. OK, Katie, good for you. Anyways, join your renters union, donate to Shelter, write to your MP, talk to your neighbours, find out when your local community group meet. 

  16. By looking at your posts feels like you have some personal problem with landlords. What was your experience with them that made you hate them so much?

  19. What I don’t get is why someone would willingly be featured in one of these articles, which are clearly designed to drive engagement by getting everyone to hate on the person featured

  20. I had a flat in Barnet a few years ago that I rented out, I wanted a property but didn’t necessarily want to live in Barnet. Anyway, I felt uncomfortable charging a market rate as it would’ve felt like I was profiteering so I charged rent of my mortgage payments +5% to allow for maintenance etc. I had lovely tenants who after 2 years asked me to charge more as they felt they were underpaying! Was worth more to me than any sort of money I could have made

  21. All they see is the value to themselves, not the pain it’s causing others.

  22. As a Portuguese emigrant in London, I wasnt sure your headline was referring to her leaching off rents here or increasing cost of living over there. Ah capitalism 👍

  24. My mum bought a flat for rental back in 2005 ish for £100,000. During the financial crash she lost her job and we lived of the rental income for about 5 years. She’s a first generation immigrant who had no family in the UK. If it was not for our 2nd property. My mum would have lost our house, and we all would have been put in council housing.
    I see nothing wrong with people buying places to rent as it saved my family! The real problem is the foreign investors, buying all of the properties, and keeping the London housing bubble going!! There should be a hard cap on rent prices but that’s not the fault of your average person.

  26. I really don’t see a problem with this. She has bought a flat in London, wanted to rent it out and it’s not her fault rental prices are so high in London, I say good on her. And I assume she is renting in Portugal as she has not sold her place so finding it hard to see where the issue is here if the story is true…

  27. This is nothing. My previous landlord owns 7 houses in Central London with roughly 28 rooms. All bought rather cheap 2 decades ago.

  28. Given the increase in rents and property prices in Lisbon, that might not last long.

  29. Good on her, yet the people of Lisbon hate foreigners coming in not paying any tax to work remotely there.

  30. Hated ain’t the word! Despised! These people are absolute scum in many people’s eyes. They just take take take

  31. You complain, wait until you experience the new paradigm of institutional, private equity landlords such as GreyStoneStanley and Rockman Sachs.

  32. Your hate is better directed at the government making properties more of an investment scheme than a living space. The lady made an investment and played by the rules of the game; fair to her. If you don’t like the game, change it. (Don’t even think I am a landlord; I can’t even buy a flat in this country.)

Comments are closed.