The worst part of all of this is that the same working class people being fucked over by landlords are simultaneously the ones who helped pay for their home with the taxpayer funded stamp duty relief introduced to hyperinflate the Covidian economy by Sunak. Imagine the billions we the taxpayer handed out in bounce back loans being used by LLCs for BTL properties that they now use to exploit those same taxpayers. All of this because Ed Miliband didn’t know how to eat a bacon sarnie properly.
Supply and demand. A sharp decrease in both landlords and rental stock plus an increase in renters and those unable to get onto the property ladder for a whole host of reasons leads to rent inflation.
I’m a landlord. I try to keep rents low but I interest rates and the cost of maintenance has soared.
Definitely not making any money at present.
Much like this sub largely skews toward hollering about Brexiters getting what they deserved, now those same people are, unfortunately for them, getting what they deserve. If you’re renting and wished for the decline of the private landlord, then congratulations and commiserations, you’re getting exactly what was inevitable, outlined by this article. It’s not hard to see that the housing market does in fact need private landlords. Outside of this hive mind, a good slice of people do actually rent by choice and enjoy the freedom it affords.
4 comments
The worst part of all of this is that the same working class people being fucked over by landlords are simultaneously the ones who helped pay for their home with the taxpayer funded stamp duty relief introduced to hyperinflate the Covidian economy by Sunak. Imagine the billions we the taxpayer handed out in bounce back loans being used by LLCs for BTL properties that they now use to exploit those same taxpayers. All of this because Ed Miliband didn’t know how to eat a bacon sarnie properly.
Supply and demand. A sharp decrease in both landlords and rental stock plus an increase in renters and those unable to get onto the property ladder for a whole host of reasons leads to rent inflation.
I’m a landlord. I try to keep rents low but I interest rates and the cost of maintenance has soared.
Definitely not making any money at present.
Much like this sub largely skews toward hollering about Brexiters getting what they deserved, now those same people are, unfortunately for them, getting what they deserve. If you’re renting and wished for the decline of the private landlord, then congratulations and commiserations, you’re getting exactly what was inevitable, outlined by this article. It’s not hard to see that the housing market does in fact need private landlords. Outside of this hive mind, a good slice of people do actually rent by choice and enjoy the freedom it affords.