Independent Leyton Orient Forum

If it wasn't a money maker nobody would do it. Its getting a poor person to pay your mortgage, if you even have one. Landlords are the biggest benefit spongers going.

Bandy Legs wrote: ↑Fri Oct 25, 2024 6:09 pm

B.whitehouse+10more wrote: ↑Fri Oct 25, 2024 4:18 pm

Long slender neck wrote: ↑Fri Oct 25, 2024 3:57 pm

Is 'people dont use cheque books anymore' really your main takeaway from this?

Less trees get cut down

Proper Smarmy bunch of toe rags n'all.

You on the right thread ? Or are you talking about the trees ?

B.whitehouse+10more wrote: ↑Fri Oct 25, 2024 7:22 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 6:09 pm

B.whitehouse+10more wrote: ↑Fri Oct 25, 2024 4:18 pm

Less trees get cut down

Proper Smarmy bunch of toe rags n'all.

You on the right thread ? Or are you talking about the trees ?

Quoted the wrong person, don't know how to delete it

Scuba Diver wrote: ↑Fri Oct 25, 2024 6:34 pm

LittleMate wrote: ↑Fri Oct 25, 2024 6:17 pm

ContrifibulatoryFred wrote: ↑Fri Oct 25, 2024 5:47 pm

What tripe. A lot of landlords are working class citizens who have actually made a huge contribution to the housing market in the a sense of any natiobb no al strategy to provide decent social housing. It is a heavily taxed and regulated market and certainly not dominated by parasites.

I have a contrary opinion of landlords. They are a detriment to the housing market; who lower standards in order to maximise profits and overlook anything other then basic service provision. Its a generalisation on the sector I know - but most landlords would not live in the maintained quality of property they have tenanted.

A sweeping generalisation of epic proportion, but anyway- seeing as you've decided 'most' would not live in their own properties......

How many landlords (rounded up to the nearest hundred) do you know personally, and have visited their propertys, in order to reach this conclusion?

If the answer is under "thousands and thousands", then you've done no more than take a wild, baseless, guess.

I know two.

One has over 300 properties, mainly in S London. Basically maintained and his starter home was in better condition than 95% of the properties he lets.

The second has c.80 properties and they are mainly in E London. They are legally compliant but as with the first landlord ALMOST all of his properties would need doing up before being put on the market for re-sale.

"Fit for purpose" is what they all are. Fi for renting out (to the needy). Get a larger property then bust it into a HMO - because it makes more money. Neither improve the quality of their housing stock.

Just to prove a further point the following is taken from my daughters current renewal negotiation. The landlord tried, after one year of rental, to up the rent from £2,000 to £2,300 before conceding down to £2,200. Here you go....the leak in point 3 happened on the 2nd night of a one year tenancy......

We would like to outline the following points as examples of where promises have not been fulfilled:
1. A contractor was arranged to measure for a blind for the skylight, following the initial miscommunication about the window being opaque. However, this was never followed through.
2. The communal hallway steps were promised to be decorated and finalized within the first month of our tenancy. This currently remains incomplete.
3. After the leak in the bedroom, three holes and broken plaster were left behind. While a contractor visited to assess the situation, no repairs were made and the damages persist.
We have consistently maintained the property, proactively reporting maintenance issues and being responsible tenants. We have looked up other rental prices in the area, and £2,000 pcm remains a fair market rate and is well within the price range of similar properties.

Long slender neck wrote: ↑Fri Oct 25, 2024 6:23 pm

ContrifibulatoryFred wrote: ↑Fri Oct 25, 2024 5:47 pm

Long slender neck wrote: ↑Fri Oct 25, 2024 3:58 pm I guess what Sir Kier is saying is that parasites taking money from assets like a rental property isnt real work. And he's right.

What tripe. A lot of landlords are working class citizens who have actually made a huge contribution to the housing market in the a sense of any natiobb no al strategy to provide decent social housing. It is a heavily taxed and regulated market and certainly not dominated by parasites.

They might be working class but being an amateur landlord isnt 'working'. Its not taxed or regulated enough and its massively profitable.

Absolute tripe. I am a landlord. A good one. It’s is not a profitable. I pay income tax on the income and I pay for the upkeep of the property. I could make more on interest on the money in a bank. It’s an idiotic belief from an idiotic Labour idealist.

What money in a bank? A tenant is paying your mortgage, of course thats profitable.

Long slender neck wrote: ↑Fri Oct 25, 2024 9:07 pm What money in a bank? A tenant is paying your mortgage, of course thats profitable.

What exactly do you think will happen when Labour tax landlords out of the market. What exactly do you think Labour will do for you. Is it just that you want others to squirm and suffer. They will do the same for you as the Conservatives did for you. Nothing. In five years they will be gone. There are plenty of people who want to rent. It’s common in Europe. I don’t force anyone to rent . I give someone the option. They don’t complain . I don’t increase rent if it’s not necessary.

George M wrote: ↑Fri Oct 25, 2024 8:57 pm

Long slender neck wrote: ↑Fri Oct 25, 2024 6:23 pm

ContrifibulatoryFred wrote: ↑Fri Oct 25, 2024 5:47 pm

What tripe. A lot of landlords are working class citizens who have actually made a huge contribution to the housing market in the a sense of any natiobb no al strategy to provide decent social housing. It is a heavily taxed and regulated market and certainly not dominated by parasites.

They might be working class but being an amateur landlord isnt 'working'. Its not taxed or regulated enough and its massively profitable.

Absolute tripe. I am a landlord. A good one. It’s is not a profitable. I pay income tax on the income and I pay for the upkeep of the property. I could make more on interest on the money in a bank. It’s an idiotic belief from an idiotic Labour idealist.

You ever thought of selling to get rid of the financial drain?

Bandy Legs wrote: ↑Fri Oct 25, 2024 9:20 pm

George M wrote: ↑Fri Oct 25, 2024 8:57 pm

Long slender neck wrote: ↑Fri Oct 25, 2024 6:23 pm
They might be working class but being an amateur landlord isnt 'working'. Its not taxed or regulated enough and its massively profitable.

Absolute tripe. I am a landlord. A good one. It’s is not a profitable. I pay income tax on the income and I pay for the upkeep of the property. I could make more on interest on the money in a bank. It’s an idiotic belief from an idiotic Labour idealist.

You ever thought of selling to get rid of the financial drain?

Yes. It’s not really worth it. It’s not a drain. It’s another way of saving so that once I stop work , I won’t be a burden on the state. It’s an option anyone can take and both parties benefit.

The majority of large scale landlords are not from the UK. Foreign investors and investment companies, and UK pension funds are the majority landlords in the UK. How do you think your pensions are funded.

George M wrote: ↑Fri Oct 25, 2024 9:25 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 9:20 pm

George M wrote: ↑Fri Oct 25, 2024 8:57 pm

Absolute tripe. I am a landlord. A good one. It’s is not a profitable. I pay income tax on the income and I pay for the upkeep of the property. I could make more on interest on the money in a bank. It’s an idiotic belief from an idiotic Labour idealist.

You ever thought of selling to get rid of the financial drain?

Yes. It’s not really worth it. It’s not a drain. It’s another way of saving so that once I stop work , I won’t be a burden on the state. It’s an option anyone can take and both parties benefit.

So it is profitable then, if you can save?

George M wrote: ↑Fri Oct 25, 2024 9:29 pm The majority of large scale landlords are not from the UK. Foreign investors and investment companies, and UK pension funds are the majority landlords in the UK. How do you think your pensions are funded.

Why would Foreign Investors risk money in a Non profitable endeavour, are they a bit Stupid?

Bandy Legs wrote: ↑Fri Oct 25, 2024 9:58 pm

George M wrote: ↑Fri Oct 25, 2024 9:25 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 9:20 pm

You ever thought of selling to get rid of the financial drain?

Yes. It’s not really worth it. It’s not a drain. It’s another way of saving so that once I stop work , I won’t be a burden on the state. It’s an option anyone can take and both parties benefit.

So it is profitable then, if you can save?

Google it. If you consider putting savings into a bank is profitable then yes , it’s profitable. It isn’t though is it. Nowadays it barely keeps up with inflation.

George M wrote: ↑Fri Oct 25, 2024 10:18 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 9:58 pm

George M wrote: ↑Fri Oct 25, 2024 9:25 pm

Yes. It’s not really worth it. It’s not a drain. It’s another way of saving so that once I stop work , I won’t be a burden on the state. It’s an option anyone can take and both parties benefit.

So it is profitable then, if you can save?

Google it. If you consider putting savings into a bank is profitable then yes , it’s profitable. It isn’t though is it. Nowadays it barely keeps up with inflation.

Well surely it must be, as you can sell the house once its paid for by the tenants, just another few hundred grand into the pension pot

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:22 pm

George M wrote: ↑Fri Oct 25, 2024 10:18 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 9:58 pm
So it is profitable then, if you can save?

Google it. If you consider putting savings into a bank is profitable then yes , it’s profitable. It isn’t though is it. Nowadays it barely keeps up with inflation.

Well surely it must be, as you can sell the house once its paid for by the tenants, just another few hundred grand into the pension pot

And pay corporation tax on any profit made . Perfectly legal. Perfectly fair. It’s a system endorsed by all governments.

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:22 pm

George M wrote: ↑Fri Oct 25, 2024 10:18 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 9:58 pm
So it is profitable then, if you can save?

Google it. If you consider putting savings into a bank is profitable then yes , it’s profitable. It isn’t though is it. Nowadays it barely keeps up with inflation.

Well surely it must be, as you can sell the house once its paid for by the tenants, just another few hundred grand into the pension pot

As much as I would love to spend my last years living in poverty, begging for handouts , crawling on my knees to the food bank , I won’t have to. You can have my share

George M wrote: ↑Fri Oct 25, 2024 10:31 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:22 pm

George M wrote: ↑Fri Oct 25, 2024 10:18 pm

Google it. If you consider putting savings into a bank is profitable then yes , it’s profitable. It isn’t though is it. Nowadays it barely keeps up with inflation.

Well surely it must be, as you can sell the house once its paid for by the tenants, just another few hundred grand into the pension pot

As much as I would love to spend my last years living in poverty, begging for handouts , crawling on my knees to the food bank , I won’t have to. You can have my share

I made my private pensions honestly. Sweat & Blood lad

George M wrote: ↑Fri Oct 25, 2024 10:27 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:22 pm

George M wrote: ↑Fri Oct 25, 2024 10:18 pm

Google it. If you consider putting savings into a bank is profitable then yes , it’s profitable. It isn’t though is it. Nowadays it barely keeps up with inflation.

Well surely it must be, as you can sell the house once its paid for by the tenants, just another few hundred grand into the pension pot

And pay corporation tax on any profit made . Perfectly legal. Perfectly fair. It’s a system endorsed by all governments.

Selling arms to slaughter innocent civilians is also endorsed by nearly all governments. Doesn't make it right

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:36 pm

George M wrote: ↑Fri Oct 25, 2024 10:31 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:22 pm
Well surely it must be, as you can sell the house once its paid for by the tenants, just another few hundred grand into the pension pot

As much as I would love to spend my last years living in poverty, begging for handouts , crawling on my knees to the food bank , I won’t have to. You can have my share

I made my private pensions honestly. Sweat & Blood lad

And how do you think your private pension is funded and profitable. By fairies

George M wrote: ↑Fri Oct 25, 2024 10:46 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:36 pm

George M wrote: ↑Fri Oct 25, 2024 10:31 pm

As much as I would love to spend my last years living in poverty, begging for handouts , crawling on my knees to the food bank , I won’t have to. You can have my share

I made my private pensions honestly. Sweat & Blood lad

And how do you think your private pension is funded and profitable. By fairies

You , like millions of others , are a landlord. You just don’t know it.

George M wrote: ↑Fri Oct 25, 2024 10:46 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:36 pm

George M wrote: ↑Fri Oct 25, 2024 10:31 pm

As much as I would love to spend my last years living in poverty, begging for handouts , crawling on my knees to the food bank , I won’t have to. You can have my share

I made my private pensions honestly. Sweat & Blood lad

And how do you think your private pension is funded and profitable. By fairies

Not by fleecing the poor. Only the weak are into that.

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:50 pm

George M wrote: ↑Fri Oct 25, 2024 10:46 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:36 pm

I made my private pensions honestly. Sweat & Blood lad

And how do you think your private pension is funded and profitable. By fairies

Not by fleecing the poo. Only the weak are into that.

Probably best you read the previous post and stop now.

George M wrote: ↑Fri Oct 25, 2024 10:55 pm

Bandy Legs wrote: ↑Fri Oct 25, 2024 10:50 pm

George M wrote: ↑Fri Oct 25, 2024 10:46 pm

And how do you think your private pension is funded and profitable. By fairies

Not by fleecing the poo. Only the weak are into that.

Probably best you read the previous post and stop now.

Why?
Asked you why foreign investors were so eager to invest in a non profitable activity & you failed to answer.
We know what you are.

FFS. I thought I'd already put everyone right on any points they were unsure of on this topic.

It's imperative that the country pivots away from a situation where the majority of renters are dependent on an amateur and speculative landlord class. It's unsustainable and is generating a range of second and third order negative effects that has the potential to threaten political and economic stability.

It's going to hurt. But it must be done.

Exactly. We need professional, speculative, foreign landlords that know how to fleece us properly.