Anyone else wondering if we would have a cost of living crisis if rents better reflected the cost to build the property rather than landlords capitalising as much as they can?
There’s a really elegant solution to this – transfer legal responsibility to pay Council Tax from the home occupier to the homeowner. Therefere if you own multiple properties you pay multiple sets of council tax.
“The landlord who happens to own a plot of land on the outskirts of a great city … watches the busy population around him making the city larger, richer, more convenient. .. and all the while sits and does nothing. Roads are made … services are improved … water is brought from reservoirs one hundred miles off in the mountains and -all the while the landlord sits still … To not one of these improvements does the landlord monopolist contribute and yet by every one of them the value of his land is enhanced … At last the land becomes ripe for sale – that means the price is too tempting to be resisted any longer … In fact you may say that the unearned increment … is reaped by the land monopolist in exact proportion not to the service, but to the disservice done.”
-Winston Churchill during debates on the Finance Act 1910
Of course they are.
We are 12 years into a tory government.
Quite a majority of politicians are also landlords of some kind. Might be just a coincidence…
Rent control is the solution and it needs to be linked to the minimum wage in a meaningful way. If there is no link, what is the point of a minimum wage?
A lot of MP’s just happen to be landlords…I had an argument with brother in law who has a fairly successful business, with the extra money his already bought 5 houses in the local area and started renting them out.
Problem is a lot go for the cheapest homes and put them out to rent…making it even harder for a first time buyer to find somewhere, forcing them into renting and with rents and cost of living so high, they can’t afford to save to buy somewhere…banks aren’t giving mortgages either so easily even if your rent is like 750 a month and the mortgage payments would be less than that, they still think that isn’t enough to prove you can pay them…makes zero sense.
You get a lot of people saying you only need to rent…why? please explain to me why its better for me to rent than buy a place cuz when it comes to retirement how am I going to pay that rent, when I would have paid my mortgage off so only then have to pay the bills. I could even downgrade if need be, with extra money in my pocket. Hate the landlord culture especially when this country doesn’t even need to make a house habitable for humans…yes that’s right a law changed years ago, whether that’s been changed since I don’t know but that’s the kind sick twists idiots in government
Why not have income taxes increase exponentially for the number of owned properties?
That way it quickly becomes uneconomical for land lords to own large amounts of properties?
That combined with an inflation indexed rent cap should solve the issue
(Not a tax expert) The article did not mention it but in the uk income from property is not subjected to national insurance contributions so a landlord is not affected by that recent tax hike either.
I wouldn’t say Scott free.
Getting it easier yeah but Scott free no.
And not all landlords own multiple properties.
This is a wide sweeping lazy piece of “journalism”.
Of course they are. Tory government.
I try to be pragmatic, start somewhere
All landlords need to be licensed, including private ones. It needs to be easier for tenant to report landlords that break the law. If they do they should be fined and banned
Case in point, the past 2 private landlords that I have had have both broken the law, I can guarantee they have done it with other people as well. And the worst part is, a lot of the people that I talk to say that I should just let it go, or go along with it to not cause problems.
Do you want to know where that got me?
1. I shelled out £100+ to rearrange flights because my apartment wasn’t ready (even though I’d signed the contract) and the advice I got was to just rearrange myself and not argue with the landlord.
2. Voluntarily made myself homeless and spent a month sofa surfing, which was awful, because I thought I had to leave, when in reality I could have legally stayed as I hadn’t been evicted. I wasn’t aware at the time.
Both of these would have been resolved if my landlord had provided me with the government how to rent document which they must do so by law, but they didn’t.
3. They tried to force me into reimbursing them for damage which wasn’t my fault. They really tried to pressure me into paying them directly. How do I know it wasn’t my fault? Because it went to the deposit protection service and they ruled in my favour.
It is a completely uneven and unfair playing ground. At the end of the day, a landlord can still go to their home, lie in their bed and not have to worry. The worst that they stand to lose is ADDITIONAL income.
On the flip side, the worst that a tenant has to face is eviction, homelessness, and having to go through court to get any form of compensation.
So the landlord gets to collect rent from new tenants while I’m stuck on the street, not knowing where I’m going to sleep, struggling to find somewhere to rent. It took me 2 months to find somewhere.
Here’s the deal. I try to be pragmatic. We’re not ready to abolish landlords, ban private renting, and make all rental housing non profit (they exist, and are a fantastic solution)
But we absolutely can do something about rogue, unfair, and illegal landlords.
Things like The tenancy fees act 2019, or the housing act 2014 are what we need. They are a step in the right direction, and we need more along those lines.
The tenancy fees act stops landlords from charging fees for anything other than 6 specific situations. Forces them to pay the money back, and prevents eviction until they do.
The housing act allows tenants to sue landlords for up to 3x the deposit if it isn’t protected. Which stops landlord from stealing deposits.
We need more of this! We need landlord licenses and make it easier to report rogue landlords
And what proportion of MPs are landlords? I know mine is one.
It is ‘scot-free’ with one ‘t’.
A scot is a payment corresponding to a modern tax, rate, or other assessed contribution.
I dislike landlords as much as the next man, but the policy solutions discussed here aren’t the solution. This is fundamentally a supply problem. We need to build more places for people to live. Tory housing minister was going to do something about it (due to Cummings) before their MPs and the Lib Dems in Amersham ruined it for everywhere.
My landlord sending me a sob story email as to why he has to up my rent 10%
My landlord just raised rent by a significant amount. Said with the current crisis things are getting tough for them.
A few minutes later she was talking about maybe having to buy an electric car to save on fuel. She’s going to keep her BMW 3 series, and Cayenne so don’t worry about that.
I think one great solution would be if banks accepted proof of paying rent as proof of affordability. Somehow deposits need to be abolished.
Our landlord attempted to put up our rent 35%. We’re moving. 😂
Mrs T scrapped Rent controls and sold off the housing stock to buy voters and as a lot of MP’s and there business chums have property portfolio’s NOTHING IS GOING TO CHANGE as you get a good 6-12% return. Young people are screwed and older people are screwed, when they meet in the middle hopefully we will storm parliament and go see the King and demand change.
Don’t forget that You have the Energy upgrades coming for landlords so rent will go up to pay for it all.
Due to a mental mistranslation, they think they’re world gods.
“God forbid the middle class is given a break for once.”
Its so nice to see Novara on the front page of /r/unitedkingdom, please support them, they do fantastic journalism!
My landlord wants to increase my rent, I’ve been planning on moving at some point so I won’t accept and speed up my plans if need be. Lets find out what they want more, a small rent increase or to lose a long term tenant.
I wonder what the end game is here. I really believe we’re moving back to multigenerational households (children living at home for much longer). Many of my friends have done this just temporarily to get money together to get onto the ladder but with a recession upon us, rising costs, and an out of control housing market with bills no one can really justify it makes a lot of sense to share that burden and have some sense of disposable income.
Especially as a lot of my friends have been buying 2 or 3 bed places but it’s just the 2 of them – planning for the future is one thing but this winters heating bill is going to hurt!
It’s something we see in a lot of countries considered majority world (3rd world), but ultimately a multigenerational household is something humankind has been doing for millennia and would have a lower environmental cost, whilst leaving more of the world free for nature whilst helping the housing shortage.
Of course, you’ve got to live with people you might not always want to be around but I think many will see it as being worth it.
landlords are getting off
No they’re not, they’re people too, there are those who exploit and there are those that don’t, naturally there will be those better off. But to say scott free? Yeah, shut up, communist bullocks
Almost like UK laws have to be approved by a family that makes 99% of its money from being an ancient landlord:
29 comments
Anyone else wondering if we would have a cost of living crisis if rents better reflected the cost to build the property rather than landlords capitalising as much as they can?
There’s a really elegant solution to this – transfer legal responsibility to pay Council Tax from the home occupier to the homeowner. Therefere if you own multiple properties you pay multiple sets of council tax.
“The landlord who happens to own a plot of land on the outskirts of a great city … watches the busy population around him making the city larger, richer, more convenient. .. and all the while sits and does nothing. Roads are made … services are improved … water is brought from reservoirs one hundred miles off in the mountains and -all the while the landlord sits still … To not one of these improvements does the landlord monopolist contribute and yet by every one of them the value of his land is enhanced … At last the land becomes ripe for sale – that means the price is too tempting to be resisted any longer … In fact you may say that the unearned increment … is reaped by the land monopolist in exact proportion not to the service, but to the disservice done.”
-Winston Churchill during debates on the Finance Act 1910
Of course they are.
We are 12 years into a tory government.
Quite a majority of politicians are also landlords of some kind. Might be just a coincidence…
Rent control is the solution and it needs to be linked to the minimum wage in a meaningful way. If there is no link, what is the point of a minimum wage?
A lot of MP’s just happen to be landlords…I had an argument with brother in law who has a fairly successful business, with the extra money his already bought 5 houses in the local area and started renting them out.
Problem is a lot go for the cheapest homes and put them out to rent…making it even harder for a first time buyer to find somewhere, forcing them into renting and with rents and cost of living so high, they can’t afford to save to buy somewhere…banks aren’t giving mortgages either so easily even if your rent is like 750 a month and the mortgage payments would be less than that, they still think that isn’t enough to prove you can pay them…makes zero sense.
You get a lot of people saying you only need to rent…why? please explain to me why its better for me to rent than buy a place cuz when it comes to retirement how am I going to pay that rent, when I would have paid my mortgage off so only then have to pay the bills. I could even downgrade if need be, with extra money in my pocket. Hate the landlord culture especially when this country doesn’t even need to make a house habitable for humans…yes that’s right a law changed years ago, whether that’s been changed since I don’t know but that’s the kind sick twists idiots in government
Why not have income taxes increase exponentially for the number of owned properties?
That way it quickly becomes uneconomical for land lords to own large amounts of properties?
That combined with an inflation indexed rent cap should solve the issue
(Not a tax expert) The article did not mention it but in the uk income from property is not subjected to national insurance contributions so a landlord is not affected by that recent tax hike either.
I wouldn’t say Scott free.
Getting it easier yeah but Scott free no.
And not all landlords own multiple properties.
This is a wide sweeping lazy piece of “journalism”.
Of course they are. Tory government.
I try to be pragmatic, start somewhere
All landlords need to be licensed, including private ones. It needs to be easier for tenant to report landlords that break the law. If they do they should be fined and banned
Case in point, the past 2 private landlords that I have had have both broken the law, I can guarantee they have done it with other people as well. And the worst part is, a lot of the people that I talk to say that I should just let it go, or go along with it to not cause problems.
Do you want to know where that got me?
1. I shelled out £100+ to rearrange flights because my apartment wasn’t ready (even though I’d signed the contract) and the advice I got was to just rearrange myself and not argue with the landlord.
2. Voluntarily made myself homeless and spent a month sofa surfing, which was awful, because I thought I had to leave, when in reality I could have legally stayed as I hadn’t been evicted. I wasn’t aware at the time.
Both of these would have been resolved if my landlord had provided me with the government how to rent document which they must do so by law, but they didn’t.
3. They tried to force me into reimbursing them for damage which wasn’t my fault. They really tried to pressure me into paying them directly. How do I know it wasn’t my fault? Because it went to the deposit protection service and they ruled in my favour.
It is a completely uneven and unfair playing ground. At the end of the day, a landlord can still go to their home, lie in their bed and not have to worry. The worst that they stand to lose is ADDITIONAL income.
On the flip side, the worst that a tenant has to face is eviction, homelessness, and having to go through court to get any form of compensation.
So the landlord gets to collect rent from new tenants while I’m stuck on the street, not knowing where I’m going to sleep, struggling to find somewhere to rent. It took me 2 months to find somewhere.
Here’s the deal. I try to be pragmatic. We’re not ready to abolish landlords, ban private renting, and make all rental housing non profit (they exist, and are a fantastic solution)
But we absolutely can do something about rogue, unfair, and illegal landlords.
Things like The tenancy fees act 2019, or the housing act 2014 are what we need. They are a step in the right direction, and we need more along those lines.
The tenancy fees act stops landlords from charging fees for anything other than 6 specific situations. Forces them to pay the money back, and prevents eviction until they do.
The housing act allows tenants to sue landlords for up to 3x the deposit if it isn’t protected. Which stops landlord from stealing deposits.
We need more of this! We need landlord licenses and make it easier to report rogue landlords
And what proportion of MPs are landlords? I know mine is one.
It is ‘scot-free’ with one ‘t’.
A scot is a payment corresponding to a modern tax, rate, or other assessed contribution.
I dislike landlords as much as the next man, but the policy solutions discussed here aren’t the solution. This is fundamentally a supply problem. We need to build more places for people to live. Tory housing minister was going to do something about it (due to Cummings) before their MPs and the Lib Dems in Amersham ruined it for everywhere.
My landlord sending me a sob story email as to why he has to up my rent 10%
My landlord just raised rent by a significant amount. Said with the current crisis things are getting tough for them.
A few minutes later she was talking about maybe having to buy an electric car to save on fuel. She’s going to keep her BMW 3 series, and Cayenne so don’t worry about that.
I think one great solution would be if banks accepted proof of paying rent as proof of affordability. Somehow deposits need to be abolished.
Our landlord attempted to put up our rent 35%. We’re moving. 😂
Mrs T scrapped Rent controls and sold off the housing stock to buy voters and as a lot of MP’s and there business chums have property portfolio’s NOTHING IS GOING TO CHANGE as you get a good 6-12% return. Young people are screwed and older people are screwed, when they meet in the middle hopefully we will storm parliament and go see the King and demand change.
Don’t forget that You have the Energy upgrades coming for landlords so rent will go up to pay for it all.
Due to a mental mistranslation, they think they’re world gods.
“God forbid the middle class is given a break for once.”
Its so nice to see Novara on the front page of /r/unitedkingdom, please support them, they do fantastic journalism!
My landlord wants to increase my rent, I’ve been planning on moving at some point so I won’t accept and speed up my plans if need be. Lets find out what they want more, a small rent increase or to lose a long term tenant.
I wonder what the end game is here. I really believe we’re moving back to multigenerational households (children living at home for much longer). Many of my friends have done this just temporarily to get money together to get onto the ladder but with a recession upon us, rising costs, and an out of control housing market with bills no one can really justify it makes a lot of sense to share that burden and have some sense of disposable income.
Especially as a lot of my friends have been buying 2 or 3 bed places but it’s just the 2 of them – planning for the future is one thing but this winters heating bill is going to hurt!
It’s something we see in a lot of countries considered majority world (3rd world), but ultimately a multigenerational household is something humankind has been doing for millennia and would have a lower environmental cost, whilst leaving more of the world free for nature whilst helping the housing shortage.
Of course, you’ve got to live with people you might not always want to be around but I think many will see it as being worth it.
landlords are getting off
No they’re not, they’re people too, there are those who exploit and there are those that don’t, naturally there will be those better off. But to say scott free? Yeah, shut up, communist bullocks
Almost like UK laws have to be approved by a family that makes 99% of its money from being an ancient landlord:
https://www.theguardian.com/uk-news/2021/feb/08/royals-vetted-more-than-1000-laws-via-queens-consent
I’m fully radicalised at this point. I don’t believe anyone save charitable associations should be able to own more than the property they live in.
Why help those most in need when you can help your core electorate?