It always surprises me when people are shocked that stuff like this happens when it’s literally the way our society is setup. Buy low sell high and fuck everything else is capitalism 101.
I’m sorry but this shit is evil. What kind of person sees people suffering and thinks “this is the perfect opportunity to make their lives even worse” for no other reason than greed?
>have condemned David Astburys estate agent
Not by the demographic they are aiming the email at I think. They are in the business of providing services to the kind of people who consider this to be *how the world works*, and current evidence isn’t proving them wrong is it?
Weirdly when my contract renewed a couple of weeks ago, the estate agents email mentioned that the landlord had ‘refused their suggested rent rise’. Thought it was funny that they either had to, or chose to mention it.
(I’m under no allusions though, I fully expect my landlord to be the exception to the rule)
In the film The Inside Man, one of the people says “When there is blood on the streets, buy property”.
I’d do the same. The landlords don’t set rents any more than the tenants. Why would any landlord charge less than they can get? Why would any tenant pay more than they have to?
People just didn’t understand why the welfare state was so important for their parents/grandparents ‘getting on’ in life.
It created the amazing never-before-seen situation in that ordinary people, by their own efforts, were able to aquire great assets/wealth and even consider retiring early.
I think people still don’t understand, and Labour under Starmer have no interest in educating them.
Landlords rent out property for profit. It’s not a charity. What I don’t support is renting out sub par homes and refusing to make them liveable.
Ironically, if landlords don’t “take advantage” of the skyrocketing rents, rents will simply keep hitting new highs…
There just isn’t enough rental supply on the market right now – many landlords are selling out right now due to current and imminent rate rises. HMO licensing requirements also means many homes which used to house 4 people or more now can hold 3 max. (I fully support those requirements, given the squalid conditions how many people in this country live on, but it was always clear that it would reduce the absolute supply of housing.) go on rightmove and search for 3+ bedroom properties for rent, many of them are only available to rent for single households, rather than for individuals seeking rooms.
Ultimately, if there’s no money in increasing rental supply available, no one will bother doing it either. So we need more builders to build rental supply and more landlords to actually rent it out instead of selling them to single families.
My landlord raised by rent by £25 after three years of no increase, which … to be fair, I can’t hold that against him. I’m still paying well below current market rate and I will *definitely* be paying more if I move somewhere else.
No one other than social housing groups should be allowed to own more than three properties and reintroduction of rent control
I have a rental property and to be fair I think people underestimate the costs sometimes. The service charges I pay increased over £1,000 in 2022 and they have already warned up to expect higher in 2023 in part due the energy prices.
I am lucky in that I have a great tenant and when he said he wanted to stay in June for another year I never even considered a rent increase. It has reached the point though where I will very likely sell next year as the net yield is now terrible.
I guess my point is that when landlords put rents up it is not always greed, sometimes it is just passing on part of the costs they are being hit with. To counter this though, if you have a good tenant then why do anything to make them want to leave.
Some landlords are definitely greedy, some are crooks, some are decent human beings just trying to earn some money with their savings.
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It always surprises me when people are shocked that stuff like this happens when it’s literally the way our society is setup. Buy low sell high and fuck everything else is capitalism 101.
I’m sorry but this shit is evil. What kind of person sees people suffering and thinks “this is the perfect opportunity to make their lives even worse” for no other reason than greed?
>have condemned David Astburys estate agent
Not by the demographic they are aiming the email at I think. They are in the business of providing services to the kind of people who consider this to be *how the world works*, and current evidence isn’t proving them wrong is it?
Weirdly when my contract renewed a couple of weeks ago, the estate agents email mentioned that the landlord had ‘refused their suggested rent rise’. Thought it was funny that they either had to, or chose to mention it.
(I’m under no allusions though, I fully expect my landlord to be the exception to the rule)
In the film The Inside Man, one of the people says “When there is blood on the streets, buy property”.
I’d do the same. The landlords don’t set rents any more than the tenants. Why would any landlord charge less than they can get? Why would any tenant pay more than they have to?
People just didn’t understand why the welfare state was so important for their parents/grandparents ‘getting on’ in life.
It created the amazing never-before-seen situation in that ordinary people, by their own efforts, were able to aquire great assets/wealth and even consider retiring early.
I think people still don’t understand, and Labour under Starmer have no interest in educating them.
Landlords rent out property for profit. It’s not a charity. What I don’t support is renting out sub par homes and refusing to make them liveable.
Ironically, if landlords don’t “take advantage” of the skyrocketing rents, rents will simply keep hitting new highs…
There just isn’t enough rental supply on the market right now – many landlords are selling out right now due to current and imminent rate rises. HMO licensing requirements also means many homes which used to house 4 people or more now can hold 3 max. (I fully support those requirements, given the squalid conditions how many people in this country live on, but it was always clear that it would reduce the absolute supply of housing.) go on rightmove and search for 3+ bedroom properties for rent, many of them are only available to rent for single households, rather than for individuals seeking rooms.
Ultimately, if there’s no money in increasing rental supply available, no one will bother doing it either. So we need more builders to build rental supply and more landlords to actually rent it out instead of selling them to single families.
My landlord raised by rent by £25 after three years of no increase, which … to be fair, I can’t hold that against him. I’m still paying well below current market rate and I will *definitely* be paying more if I move somewhere else.
No one other than social housing groups should be allowed to own more than three properties and reintroduction of rent control
I have a rental property and to be fair I think people underestimate the costs sometimes. The service charges I pay increased over £1,000 in 2022 and they have already warned up to expect higher in 2023 in part due the energy prices.
I am lucky in that I have a great tenant and when he said he wanted to stay in June for another year I never even considered a rent increase. It has reached the point though where I will very likely sell next year as the net yield is now terrible.
I guess my point is that when landlords put rents up it is not always greed, sometimes it is just passing on part of the costs they are being hit with. To counter this though, if you have a good tenant then why do anything to make them want to leave.
Some landlords are definitely greedy, some are crooks, some are decent human beings just trying to earn some money with their savings.