Owners of multiple properties have ‘no choice but to sell’ because of Welsh Gov, landlord complains

34 comments
  1. Now this is proper wank material, but it would be a lot better if there was a picture of a pink faced landlord with his arms crossed looking grumpy.

  2. Good.

    Homes are a finite resource and in countries such as ours we have a duty to provide them to people living here.

    Its not like people who invest of gold, or who invest in stock markets or whatever. We have a homelessness problem whilst other people have rental portfolios of multiple properties. Its just wrong.

    I’m not saying that landlords should be providing housing for free, and certainly not saying it should *cost* them anything, but if all they care about is how much money its going to make them from investment point of view they can sod off and invest in something else.

  3. I believe that was the point of the various pieces of legislation.

    Landlords can 100% fuck off. I moved away from North Wales a few years ago to live with my partner while she studied at university, in the short time I’ve been away rents have risen some 50-100% anywhere remotely nice to live. We want to come back soon but unless I move in with my parents again it’ll cost me something like £1100 a month to get what I currently pay £750 for, and £750 would get me some dingy little 2 bed terrace on Crackhead Street ten miles from anywhere.

  4. To quote Winston Churchill

    >Roads are made, streets are made, railway services are improved, electric light turns night into day, electric trams glide swiftly to and fro, water is brought from reservoirs a hundred miles off in the mountains – and all the while the landlord sits still. Every one of those improvements is effected by the labour and cost of other people. Many of the most important are effected at the cost of the municipality and of the ratepayers. To not one of those improvements does the land monopolist, as a land monopolist, contribute, and yet by every one of them the value of his land is sensibly enhanced. He renders no service to the community, he contributes nothing to the general welfare; he contributes nothing even to the process from which his own enrichment is derived.

    [Full speech](https://www.cooperative-individualism.org/churchill-winston_mother-of-all-monopolies-1909.htm)

  5. Please, I can only get so erect, now imagine a UK government that put affordable housing over profits for scrounger landlords who provide nothing to society, they just started playing the housing monopoly game decades before others had the chance to roll the dice

  6. “Property portfolio” are two words that make me feel a little bit sick. You’re contributing very little to society by sitting on 200 houses and charging tenants extortionate rates of rent.

  7. Boo hoo. You have to lose one of your homes… Maybe someone else can have a chance at getting one. Someone who has no choice but to pay tax to the fucking wealthy via extortionate rent.

  8. First they came for the landlords, and I was like it’s about fucking time.

    If they are hoping for sympathy they are going to be sorely disappointed. Second home owners and airbnb owners can also get fucked. Houses are homes, not investments.

  9. For those of us who are not welsh and who are lazy, what is the fundamental difference in the rental market between Wales and England that’s causing this?

  10. Honestly, fucking fantastic. Fuck the landlords, the housing market is a joke, I hope this happens in other parts of the UK as well

  11. “Most communities are crying out for investors to buy properties, except in coastal towns as they are driving communities to the brink of collapse, but they have destroyed the central part of Wales where investments are needed.”

    The problem with the above is that the land lord and investors purchasing these properties mean the locals are unable to afford cost of the property in that area.

  12. Renters, never fall for the lie that you can’t afford to buy a property – you are, you’re just buying it for someone else. Remember that next time your landlord is being a dick to you.

  13. Boohoo poor landlords. Stick your money into something else and stop greedily making it impossible for most people to get on the ladder.

    Tax the absolute sht out of them please and thank you.

  14. As long as property is treated as a commodity and an investment rather than a utility, we will always have homelessness and slum landlords

  15. Oh poor landlords.

    Having to take their +15% appreciation from the last year for sitting on their arses and giving first time buyers a slap in the face.

    Poor them.

  16. Oh no, how terrible. They are forced to sell a property or a few properties whilst raking it in. Just in case, this was pure snark.

    ​

    I have no sympathy for them because I’ll be fucking lucky to afford a studio flat that is basically a large room converted into a flat and costs more then a fucking house up north. Or a garage converted into a flat. Or a container turned into a house. As someone on zero hour contracts and NMW, the mere idea of owning a flat is something that seems like a myth unless I win the lottery. Meanwhile, owners of multiple properties are whining about having to sell. I more or less expect to be renting for the rest of my life and will be damn lucky to continue to live in the town I am without having to pay half a month’s wages on rent.

  17. Is this a form of astroturfing? It’s like burglars complaining about how they keep getting caught, demanding the authorities stop doing such a good job at preventing crime.

  18. Good. Where I am, in North Wales, landlords have been buying properties and using them for Air B&B and the like. Hardly anything left to live in, and you’re looking at a grand a month for anywhere half decent. “Can’t afford a mortgage” for £600 a month, even though I’ve been paying £750 a month (plus council tax and stuff) for the last 7 years. Stupid times 🙁

  19. Funny how I’ve never ever in my life heard of a community “crying out for landlords to buy their housing”. Yet I have heard hundreds of people who are completely unable to buy a property because they’re out bid by much wealthier landlords who then gouge them for rent instead.

    Well done Welsh government – keep it up! And see if you can teach your Westminster colleagues too

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