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Joined: Nov 2018
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Originally Posted by Tomhez
Originally Posted by TBM
Yep, greedy landlords - dehumanising is the right word.

Get rental properties back into council ownership and have clear qualification criteria and waiting lists.


We have become accustomed to being everyone's football of late and equally accustomed to batting away the homespun wisdom, with facts not political or personal motivation.

So you want take rental properties back into council ownership? Between 1980 and 1989, 970,558 council houses nationally were sold at a discount. A Labour policy introduced by Tories. There is a raving socalist local to us, who bought and sold his council house (at profit) and moved into rented accommodation, so he could buy himself a 100k motorhome.

So you want to blame landlords for now owning ex council houses? How about the ex tenants who cashed their chips in and the parties that you statistically speaking voted for?


Yep - the fault lies entirely at the feet on the successive Governments who sanctioned it, and the councils who facilitated it. All to bang a few quid in the treasury.

Greed is a natural human emotion, and people will exercise it when allowed to. Had a similar conversation with a Welsh Nationalist pal of mine, who was decrying the number of holiday homes and the destruction of the local community. I questioned why his Mum had sold her house to a Londoner for £200K rather than to a young local family for £100K to keep the community aive and he said she'd be a fool not to, and she bunged him a few quid from the sale.

Personally, it's not a route I'd take, but it's your money, and you are free to do what you want with it.


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Originally Posted by Tomhez
We have become accustomed to being everyone's football of late and equally accustomed to batting away the homespun wisdom, with facts not political or personal motivation.


I'm not a big proponent of wikipedia, but if you want some decent facts, it gives a good summary.

Wiki - RIght to Buy




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Originally Posted by GrumpyPa
Originally Posted by Tomhez
Originally Posted by GrumpyPa
I'm not sure thenQXrV
When we got married in 1968 our new house was £4,250 being a 10% deposit (I think) and a mortgage 3 times my salary. That was all that was allowed.
A few years later the government removed that constraint, so many people took out mortgages far greater than 3 times their salary. That brought about gazumping and the consequent rapid inflation of house prices.


I am afraid you are as far out of touch as it is possible to be if you think the housing shortage is overstated.

I am a landlord. On the rare occasion that I advertise a property (most are let to friends/family of existing tenants) i will receive 50 requests for a viewing within 24 hours.
I have had people crying and begging for me to rent to them. I always give NHS workers first pick but otherwise i end up putting a handful of names into a hat.. Thats the lottery of housing.

Maybe where you are. Did you read post #772761 above?


I tend to use national figures to support an argument, not some localised over development. We by the way are in Taunton, definitely not an industrial or commercial hotspot. God only knows where everyone is working but we have thousands and thousands of new homes built or under construction.

IMHO #772922 28/03/23 02:51 PM
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formerly known as Hugh Jorgan
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Greed probably comes in to the equation with some landlords, but it's a business, they are in it to make money from their investment.
How can that be wrong?
I've been a landlord, a good one. I started in the early 90's. I've had tennants do a runner, trash places and stop paying.
I'd never do it again, way too much hassle now.

The holiday home/ 2nd home situation bugs the hell out of me. I'm tired of hearing 'locals' whining about their offspring not being able to get on the housing ladder because of greedy incommers.
When they've sold grannies hovel for £500k or they rent it out for £2k a week at the same time selling you a small bag of fudge for a tenner of a 99 for £5.....!

Not many first time buyers are in the market for £1m+ costal mega mansions I don't think.

TBM #772923 28/03/23 03:06 PM
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Originally Posted by TBM
Yep, greedy landlords - dehumanising is the right word.

Get rental properties back into council ownership and have clear qualification criteria and waiting lists.


I’m sure some landlords are greedy just like some are benevolent.

I can only speak from my own experience, when faced with the demise of final salary scheme pensions, Brown’s damaging raid on pension dividends, ever decreasing lifetime allowances (corrected now but too late for me) and financial crashes, becoming a landlord seemed a sensible way of trying to provide a secure pension income.

Younger landlords that can (I know some) are often focussed on giving themselves a chance of a decent retirement income, they borrowed to fund their pension plans and the government kindly removed loan interest tax breaks, rents then had to go up…. What a surprise.

Short term cash grabs by successive governments create all sorts of long term social shifts and their associated damaging effects.


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Originally Posted by Tomhez
Originally Posted by GrumpyPa
Originally Posted by Tomhez
Originally Posted by GrumpyPa
I'm not sure thenQXrV
When we got married in 1968 our new house was £4,250 being a 10% deposit (I think) and a mortgage 3 times my salary. That was all that was allowed.
A few years later the government removed that constraint, so many people took out mortgages far greater than 3 times their salary. That brought about gazumping and the consequent rapid inflation of house prices.


I am afraid you are as far out of touch as it is possible to be if you think the housing shortage is overstated.

I am a landlord. On the rare occasion that I advertise a property (most are let to friends/family of existing tenants) i will receive 50 requests for a viewing within 24 hours.
I have had people crying and begging for me to rent to them. I always give NHS workers first pick but otherwise i end up putting a handful of names into a hat.. Thats the lottery of housing.

Maybe where you are. Did you read post #772761 above?


I tend to use national figures to support an argument, not some localised over development. We by the way are in Taunton, definitely not an industrial or commercial hotspot. God only knows where everyone is working but we have thousands and thousands of new homes built or under construction.


There in lies the problem we face in our small mountain town outside of Denver, over 50% of the properties sold in the last 10 years (according to the local authorities data) have been bought by out of State entities (mainly Texas and California) mostly for cash. These properties are then either rented out at high rents, used for holiday rentals, or used as holiday homes, this has caused an over inflated property market and deprived the community of local affordable housing. This in turn has now created a whole number of community issues from School closures, lack of work force, businesses closing, gentrification of the community, decline of local services and a part time transient type of population who don't care about the town and it's environs. One thing is certain the Landlords are enjoying the revenues made.


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IMHO #772932 28/03/23 04:09 PM
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I'm sure there are some fabulous Landlords out there who are providing good standard, well maintained property at an equivalent mortgage cost or even a subsidised rate (as per councils). Some, but not many.

My experience in the rental market is fairly limited (9 rented properties over the years) but in most cases my Landlords have wanted to take as much out and put as little in as possible.

I fully appreciate that the housing market these days is a fabulous investment, and a secure way of making more money. I just wish it wasn't.


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IMHO #772933 28/03/23 04:10 PM
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I often wonder when a UK chancellor will have a little raid on pension pots. 1.5 % would go a long way to solving the Budget deficit. As my pension is in the PPF (Gov protection fund) mainly thanks to Gordon Brown, I am not convinced pensions are particularly safe. But hey let’s look on the bright side, I am getting an old age pension. ( thought it would be means tested)


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IMHO #772977 28/03/23 10:10 PM
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I had a senior politician (at that time) tell me that the real reason Mrs Thatcher wanted council houses sold was because of the very very small number of tenants who actually paid the rent. The councils were unable to collect the rent or enforce eviction because it is the council's legal responsibility to house anyone made homeless. The figures are unbelievable. At the time (before info requests were a thing) it was quite impossible to ascertain how much, as a percentage, of council rents were collected. I know because I didn't really believe this person so I tried to find out. It was not possible which rather supported the argument I think.

IMHO #772988 29/03/23 05:33 AM
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It does sound legit - I can well imagine Thatcher seeking to make poor people homeless.

In the wiki article, it did mention that the son of Thatchers Housing Minister at the time bought at least 40 ex council houses, so there may have been other incentives to sell off the council stock.........


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