Wasn’t a month ago I was being called stupid by btl landlords for saying this is how it would play out.
This is late stage capitalism.
Eventually only the very richest of individuals will be able to compete with the buying power of large corporate landlords.
They’ll buy up more and more housing stock, and the choice for the rest of us will diminish and become ever more expensive.
We’ll be a nation of rent slaves held hostage into giving over 60%+ of our wages each month just to have a roof over our heads.
I really dislike what’s happening to Manchester. Even more so when we are told that actually it’s all getting so much better and we should be delighted at all the shiny blocks and skyrocketing rents and house prices and endless gentrification.
In my experience as a renter, you get far better time with the Corps than the B2L investor, leveraged you to the hilt, on. A power trip with his 3 property portfolio
Hopefully Labour reform TaCPA so we get mass construction in cities and towns to ease pressure on the markets
Where I live, most landlords are large companies, and I would choose a corporate landlord over an individual any day. They have legal department to ensure they are within the law; a team of maintenance workers; have a brand reputation to maintain, which mean they can’t treat customers like shit; refurbish properties more often. The list goes on.
Small time landlords are usually clueless, incompetent and just looking for some passive income.
**Asylum Accommodation and Support Services Contract.**
“Serco provides asylum accommodation and support services in the North West of England, Midlands and East of England. Our purpose is the provision of accommodation, transportation and subsistence payments for asylum seekers whilst their claims are being processed.
We are responsible for over 30,000 asylum seekers in an ever growing portfolio of more than 7000 properties. Our operating model is based on leasing properties from a wide network of landlords, investors and agents with Serco acting as a Tenant.”
**We are confident that our lease provision offers an attractive and competitive proposition within the industry:**
Leases available for 5+ years with no void periods.
Rent paid in full, on time every month, with no arrears.
Full repair and maintenance lease excluding latent and structural defects.
Utilities and Council Tax bills paid by Serco. (edit. The tax payer)
Full HMO and property management including monthly property and periodic safety inspections.
No letting or management costs.
Isn’t this basically what the rental market looks like in Germany? Banks owning property and renting it.
Long term plan is for corps to own all residential properties, and offer rent free properties as part of their employment benefits instead of money. that way, you have less freedome due to lack of cash and your survival will be dependant completly on your employer.
Just like in the US. And we will probably see rent collusion, too.
Countries need to introduce property ownership caps to prevent this trend.
The easiest option is just to build lots more housing. We probably need to double the number of dwellings in the country.
Can someone chip in here who knows more than me on why the UK doesn’t have rent controls?
I would have thought it would be quite easy to create a standard calculation (perhaps linked to property value?) to cap rents at or below the typical mortgage monthly repayment. I have a house now but think it’s disgusting that when I was renting I was paying probably 1.5x what the mortgage would have been on the property.
I’m sure though there are complex reasons why that isn’t easy, or perhaps it would create worse issues somewhere else. If anyone has any intel would be interested to hear it!
if only there was a way to build more housing under public ownership to make the basic human right of having a place to live be affordable.
We could all change this if there was appetite for it. Down tools, refuse to work and take to the streets. Everyone!
Based on the big vs small landlord conversation in this thread, its important to remember that both are not great. Some folk will always need/prefer to rent but in my experience landlords are not great overall and both drive up local cost of living as a need of making money.
Calm down folks. Big companies aren’t buying houses from individual buy-to-lat landlords who are selling up. They’re constructing entire blocks of flats or housing estates on the build-to-rent model.
I’m going to point out the positive of this. Individual landlords are a nightmare for governments to regulate, because they rely on a lot of individuals being honest and fair about what they are up to and reporting correctly – checking all this information is basically too costly.
Corporate landlords *could* be more easily regulated and would be simpler for governments to deal with. Standards of rented properties should rise and rights of tenants should be respected.
Now I know this won’t happen under the Tories and that *could* is doing a heck of a lot of work in that sentence, but *in theory,* this is a good thing for renters.
We need a multiplier tax. You pay tax on profits from private rentals X the number of rentals you own within the entire corporate structure.
Pension funds are the biggest players in the market. For those who have private pensions this is where you make your money duhuhuhuhuh
Are corporate landlords generally worse than private though? It makes me think it would be easier to effectively run a rental payment protest if you know who your neighbours homes belong to.
The only ones allowed to own more than one or maybe two extra houses should be social housing associations. The situation is out of control and an entire generation of workers are working for someone else’s future. Renting should be for those people that choose to rent rather than be left with no choice but to rent.
It’s another tier of modern day slavery ,enabled by the Government allowing low wages and high rents .
Housing really needs to be regulated better, we can’t carry on like this.
you will own nothing and will be happy. don’t you dare say anything bad about it on the government mandated internet though or that’s 20 points off your credit score and no crisps for a week
Just wait until they shit it out, it’ll look even worse
There needs to be regulation against any company, consortium or individual to prevent them from buying up large amounts of the housing stock.
Of course there won’t ever be as it would reduce profits and property inflation that the richest in society benefit from.
Because they can afford all the red tape that the government has been implementing, you will own nothing and be happy
On the Wirral, it’s Peel Holdings. They have the council in their pocket.
They regularly take over the local paper with ‘artist’s impressions’ of what they are going to build.
Weirdly, this always seems to involve a canal, or some sort of water feature that never appears.
They always say that they are going to build x number of luxury flats, x number of retail units, and x number of ‘affordable housing’. Guess what actually gets built.
Some of the most hardfaced lies were about a development in the Wallasey Docks. There is nothing nearby. No schools, no shops, nothing.
They have been advertised as ‘a few minutes away from West Kirby Marina’, (20 minutes down the motorway +), and ”In leafy Cheshire” – we haven’t been part of Cheshire since the 1990s, and that particular part of Wallasey/Birkenhead hasn’t been leafy for a VERY long time!
They have tried to build on land that was gifted to the people of Wallasey.
They built a shopping complex on the edge of the Irish Sea, which gets the sewers flooded regularly, and which cannot have the huge banners up, because of the winds.
A major part of this was a casino. As far as I know, it was open for a couple of months.
It’s still empty.
They would be a joke, if it wasn’t so serious.
I hate them, taking away our ability to buy and forcing us to rent while also driving up prices whether it be to rent or buy.
Its fucking disgusting and our gov won’t do anything to curtail this sort of thing because many of them are involved in the same business.
Manchester is mental, they even knocked down a music venue to shove a block of flats in its place. Just so weirdly out of place from all the low level buildings
In my town they’re building tower blocks, and this is a town where people are leaving….
But it’s China Investment Bank building them, it’s all about moving assets out of China
IMO the experience is far better renting from a professional company
People homes shouldn’t ever be a business opportunity. It’s so fucked up.
Better not get old in the UK, life is going to be tough.
The elites are locking down, controlling every aspect of regular people’s lives. They have siphoned off our excess wealth & brought us low; removing our autonomy. I see the same pattern playing out across the planet: sequestering of wealth & attack upon liberties.
The super rich want to consolidate their wealth & remove our abilities to frustrate them. I would have called it a conspiracy theory not too long ago, but the actions of the government are walking like a duck & talking like a duck.
The wealth gap has become so big that they fear the numbers of people who aren’t in the club. You know, the sales of super yachts are up all across the planet – hundreds of millions of £$¢¥€ worth. Areas of land like Dartmoor are being taken into private ownership. We’re on the brink of a modern feudal system.
Huge problem in Liverpool as well.
I wanted to buy a studio there and 90% of the properties that appeared were investment opportunities from companies like RW Invest, Elite Realty Invest, Opulent, Alesco.
It’s a bloody nightmare sifting through them to find one that I can actually buy and live in like what you’re meant to do with a house.
Tory Britain. We were warned when slaggy Thatcher started selling off social housing to tenants… who then sold them on to…. TORY LANDLORDS !!!!
There show be a law where you’re not allowed to own more than two properties including the one you live in. Also some places should just be off limits to the likes of AirBNB.
The UK as a whole is being actively pushed away from ‘owning’ a home to rent for life with all property ultimately being owned by overseas corporations.
Look at how it’s panned out so far; Railways, sold off and run by the Germans & Italians.
Royal Mail, sold off and owned by a Belgium hedge fund.
Water and power utilities, sold off and run by the French.
All of these are now run as ‘cash cows’ with profits diverted overseas and without exception run like crap in comparison to before.
It’s just staggering that now the same is happening to people’s homes.
This thread seems weirdly astroturfed. Since when do we prefer having no freedom of choice and every aspect of our lives being owned by some faceless corporation? Yes some small time landlords are shit but at least you can move and rent from a different one. The problem there is lack of government regulation/enforcement. As individuals our freedom of choice, competition in rent, everything goes out the window if companies buy up all the housing stock. This is not a good sign at all.
39 comments
Wasn’t a month ago I was being called stupid by btl landlords for saying this is how it would play out.
This is late stage capitalism.
Eventually only the very richest of individuals will be able to compete with the buying power of large corporate landlords.
They’ll buy up more and more housing stock, and the choice for the rest of us will diminish and become ever more expensive.
We’ll be a nation of rent slaves held hostage into giving over 60%+ of our wages each month just to have a roof over our heads.
I really dislike what’s happening to Manchester. Even more so when we are told that actually it’s all getting so much better and we should be delighted at all the shiny blocks and skyrocketing rents and house prices and endless gentrification.
In my experience as a renter, you get far better time with the Corps than the B2L investor, leveraged you to the hilt, on. A power trip with his 3 property portfolio
Hopefully Labour reform TaCPA so we get mass construction in cities and towns to ease pressure on the markets
Where I live, most landlords are large companies, and I would choose a corporate landlord over an individual any day. They have legal department to ensure they are within the law; a team of maintenance workers; have a brand reputation to maintain, which mean they can’t treat customers like shit; refurbish properties more often. The list goes on.
Small time landlords are usually clueless, incompetent and just looking for some passive income.
Supply is about to get worse
https://www.serco.com/uk/sites/serco-aasc/landlords
**Asylum Accommodation and Support Services Contract.**
“Serco provides asylum accommodation and support services in the North West of England, Midlands and East of England. Our purpose is the provision of accommodation, transportation and subsistence payments for asylum seekers whilst their claims are being processed.
We are responsible for over 30,000 asylum seekers in an ever growing portfolio of more than 7000 properties. Our operating model is based on leasing properties from a wide network of landlords, investors and agents with Serco acting as a Tenant.”
**We are confident that our lease provision offers an attractive and competitive proposition within the industry:**
Leases available for 5+ years with no void periods.
Rent paid in full, on time every month, with no arrears.
Full repair and maintenance lease excluding latent and structural defects.
Utilities and Council Tax bills paid by Serco. (edit. The tax payer)
Full HMO and property management including monthly property and periodic safety inspections.
No letting or management costs.
Isn’t this basically what the rental market looks like in Germany? Banks owning property and renting it.
Long term plan is for corps to own all residential properties, and offer rent free properties as part of their employment benefits instead of money. that way, you have less freedome due to lack of cash and your survival will be dependant completly on your employer.
Just like in the US. And we will probably see rent collusion, too.
Countries need to introduce property ownership caps to prevent this trend.
The easiest option is just to build lots more housing. We probably need to double the number of dwellings in the country.
Can someone chip in here who knows more than me on why the UK doesn’t have rent controls?
I would have thought it would be quite easy to create a standard calculation (perhaps linked to property value?) to cap rents at or below the typical mortgage monthly repayment. I have a house now but think it’s disgusting that when I was renting I was paying probably 1.5x what the mortgage would have been on the property.
I’m sure though there are complex reasons why that isn’t easy, or perhaps it would create worse issues somewhere else. If anyone has any intel would be interested to hear it!
if only there was a way to build more housing under public ownership to make the basic human right of having a place to live be affordable.
We could all change this if there was appetite for it. Down tools, refuse to work and take to the streets. Everyone!
Based on the big vs small landlord conversation in this thread, its important to remember that both are not great. Some folk will always need/prefer to rent but in my experience landlords are not great overall and both drive up local cost of living as a need of making money.
Calm down folks. Big companies aren’t buying houses from individual buy-to-lat landlords who are selling up. They’re constructing entire blocks of flats or housing estates on the build-to-rent model.
I’m going to point out the positive of this. Individual landlords are a nightmare for governments to regulate, because they rely on a lot of individuals being honest and fair about what they are up to and reporting correctly – checking all this information is basically too costly.
Corporate landlords *could* be more easily regulated and would be simpler for governments to deal with. Standards of rented properties should rise and rights of tenants should be respected.
Now I know this won’t happen under the Tories and that *could* is doing a heck of a lot of work in that sentence, but *in theory,* this is a good thing for renters.
We need a multiplier tax. You pay tax on profits from private rentals X the number of rentals you own within the entire corporate structure.
Pension funds are the biggest players in the market. For those who have private pensions this is where you make your money duhuhuhuhuh
Are corporate landlords generally worse than private though? It makes me think it would be easier to effectively run a rental payment protest if you know who your neighbours homes belong to.
The only ones allowed to own more than one or maybe two extra houses should be social housing associations. The situation is out of control and an entire generation of workers are working for someone else’s future. Renting should be for those people that choose to rent rather than be left with no choice but to rent.
It’s another tier of modern day slavery ,enabled by the Government allowing low wages and high rents .
Housing really needs to be regulated better, we can’t carry on like this.
you will own nothing and will be happy. don’t you dare say anything bad about it on the government mandated internet though or that’s 20 points off your credit score and no crisps for a week
Just wait until they shit it out, it’ll look even worse
There needs to be regulation against any company, consortium or individual to prevent them from buying up large amounts of the housing stock.
Of course there won’t ever be as it would reduce profits and property inflation that the richest in society benefit from.
Because they can afford all the red tape that the government has been implementing, you will own nothing and be happy
On the Wirral, it’s Peel Holdings. They have the council in their pocket.
They regularly take over the local paper with ‘artist’s impressions’ of what they are going to build.
Weirdly, this always seems to involve a canal, or some sort of water feature that never appears.
They always say that they are going to build x number of luxury flats, x number of retail units, and x number of ‘affordable housing’. Guess what actually gets built.
Some of the most hardfaced lies were about a development in the Wallasey Docks. There is nothing nearby. No schools, no shops, nothing.
They have been advertised as ‘a few minutes away from West Kirby Marina’, (20 minutes down the motorway +), and ”In leafy Cheshire” – we haven’t been part of Cheshire since the 1990s, and that particular part of Wallasey/Birkenhead hasn’t been leafy for a VERY long time!
They have tried to build on land that was gifted to the people of Wallasey.
They built a shopping complex on the edge of the Irish Sea, which gets the sewers flooded regularly, and which cannot have the huge banners up, because of the winds.
A major part of this was a casino. As far as I know, it was open for a couple of months.
It’s still empty.
They would be a joke, if it wasn’t so serious.
I hate them, taking away our ability to buy and forcing us to rent while also driving up prices whether it be to rent or buy.
Its fucking disgusting and our gov won’t do anything to curtail this sort of thing because many of them are involved in the same business.
Manchester is mental, they even knocked down a music venue to shove a block of flats in its place. Just so weirdly out of place from all the low level buildings
[2017](https://www.google.com/maps/@53.4736939,-2.2409314,3a,75y,123.59h,99.19t/data=!3m7!1e1!3m5!1sYUnHUbHbnhyV5WfVSh9qxQ!2e0!5s20170901T000000!7i13312!8i6656)
[2019](https://www.google.com/maps/@53.473774,-2.2403558,3a,75y,229.24h,128.45t/data=!3m6!1e1!3m4!1s0ED4t8CxEUwHWknMo_99fg!2e0!7i16384!8i8192)
In my town they’re building tower blocks, and this is a town where people are leaving….
But it’s China Investment Bank building them, it’s all about moving assets out of China
IMO the experience is far better renting from a professional company
People homes shouldn’t ever be a business opportunity. It’s so fucked up.
Better not get old in the UK, life is going to be tough.
The elites are locking down, controlling every aspect of regular people’s lives. They have siphoned off our excess wealth & brought us low; removing our autonomy. I see the same pattern playing out across the planet: sequestering of wealth & attack upon liberties.
The super rich want to consolidate their wealth & remove our abilities to frustrate them. I would have called it a conspiracy theory not too long ago, but the actions of the government are walking like a duck & talking like a duck.
The wealth gap has become so big that they fear the numbers of people who aren’t in the club. You know, the sales of super yachts are up all across the planet – hundreds of millions of £$¢¥€ worth. Areas of land like Dartmoor are being taken into private ownership. We’re on the brink of a modern feudal system.
Huge problem in Liverpool as well.
I wanted to buy a studio there and 90% of the properties that appeared were investment opportunities from companies like RW Invest, Elite Realty Invest, Opulent, Alesco.
It’s a bloody nightmare sifting through them to find one that I can actually buy and live in like what you’re meant to do with a house.
Tory Britain. We were warned when slaggy Thatcher started selling off social housing to tenants… who then sold them on to…. TORY LANDLORDS !!!!
There show be a law where you’re not allowed to own more than two properties including the one you live in. Also some places should just be off limits to the likes of AirBNB.
The UK as a whole is being actively pushed away from ‘owning’ a home to rent for life with all property ultimately being owned by overseas corporations.
Look at how it’s panned out so far; Railways, sold off and run by the Germans & Italians.
Royal Mail, sold off and owned by a Belgium hedge fund.
Water and power utilities, sold off and run by the French.
All of these are now run as ‘cash cows’ with profits diverted overseas and without exception run like crap in comparison to before.
It’s just staggering that now the same is happening to people’s homes.
This thread seems weirdly astroturfed. Since when do we prefer having no freedom of choice and every aspect of our lives being owned by some faceless corporation? Yes some small time landlords are shit but at least you can move and rent from a different one. The problem there is lack of government regulation/enforcement. As individuals our freedom of choice, competition in rent, everything goes out the window if companies buy up all the housing stock. This is not a good sign at all.