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March 20 2019 11.23pm

Right to rent

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Yellow Card - User has been warned of conduct on the messageboards View ChrisGC's Profile ChrisGC Flag Wantage 03 Mar 19 12.14pm Send a Private Message to ChrisGC Add ChrisGC as a friend

Originally posted by Hrolf The Ganger

Thanks for taking the time.

So it's basically the investment in property/rent return compared to other types of investment at the going interest rate.

Once again the cost of the property itself seems to be the key factor in driving up rental charges.

I'm loathed to say it once again, but immigration must be a big factor in that.

Demand and desirability drives the rental price.

A quick rant about slum landlords and their model:

Unchecked immigration: they have to live somewhere (demand). Slum landlords buy a s***hole and do nothing to it. They then pile it full of immigrants charging them peanuts by the head (although the gross will be huge) knowing they can't complain. These landlords are scum and they undermine our entire economic system whilst exploiting the poor into the bargain.

If we hadn't just flooded the market with cheap European labour society would be better off, it's all about the knock on effect. An unskilled worker will never get up the ladder. There's more of them then jobs, so wages remain low(as does tax revenue, yet health care and social services remain open to all). They are not ever going to get on the property ladder as a consequence so remain trapped at the bottom, so they send money home rather than spend it here (money not going back into our economy). Meanwhile, the indigenous poor cannot rent because a desirable dwelling is that much more expensive as a result and if they do they cannot save because buying requires large deposits (this is what the elites want).

Open immigration is a mechanism to keep the poor poor and wages low. The price per head model makes living costs attractive. "How can they do it for that price?" cries the undercut skilled workman. This is how. Their cost of existence is pennies. The real beauty is the trick that has been played in that to challenge this system of oppression leads to vilification as a 'racist'. Unchecked immigration hurts the economy, the native population and the immigrants themselves. A sustainable skilled immigration on merit would benefit all parties and destroy the predatory slum landlords, but enough of that.

We pitch to rental demand which is more in line with what renting should be about:

Young professionals using our property as a stepping stone. In greater Manchester the rent represents great value given the wages locally whilst giving a good yield to us (everyone a winner). In the south, being close to train stations into London demands a higher rent (and purchase price) but the tenant gets the benefit of accessing the high London wages without living costs (everyone a winner).

There are risks involved but they can mostly be mitigated by using a reputable letting agent and having zero contact with the inhabitants. Upkeep as properties become older is inevitable, but should be factored from the beginning. On the buy to let for example, bathrooms need refreshing, redecorating every third year throughout, boiler replaced every ten years etc, but these cost go up as mortgage costs go down over time so its all relative.


 

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Yellow Card - User has been warned of conduct on the messageboards View ChrisGC's Profile ChrisGC Flag Wantage 03 Mar 19 12.19pm Send a Private Message to ChrisGC Add ChrisGC as a friend

Originally posted by Pussay Patrol

so because you don't have a pension you are using the property market or more to the point other people's income's at the bottom of the ladder to subsidise that? and what sustains the strength in the value of your property empire is the fact those people can't afford to buy them?

I don't believe in a have and have not system where the haves make money out of the have nots. I would mkae the haves give back so it's more balanced

I also don't think because a young family cannot afford a new house and get turned down for a mortgage and are at the mercy of the high rental market is envy

Edited by Pussay Patrol (03 Mar 2019 11.58am)

No, I'm not a slum landlord. We appeal to young professionals and provide a good service/ a great home for the money received. I have other investments as well, so I'm not entirely reliant on having one and a half modest little flats (got to protect myself from the thread of a communist government coming in and grabbing my hard earned assets or otherwise devaluing them such as how you've suggested!).

Edited by ChrisGC (03 Mar 2019 12.20pm)

 

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View steeleye20's Profile steeleye20 Flag Croydon 03 Mar 19 12.23pm Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by ChrisGC

No, I'm not a slum landlord. We appeal to young professionals and provide a good service/ a great home for the money received. I have other investments as well, so I'm not entirely reliant on having one and a half modest little flats (got to protect myself from the thread of a communist government coming in and grabbing my hard earned assets or otherwise devaluing them such as how you've suggested!).

Edited by ChrisGC (03 Mar 2019 12.20pm)

'All property is theft'

The worst landlords are those seeking to seeking to justify their financial gain on the backs of ordinary people's need for a home.

Nausea.

 

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View elgrande's Profile elgrande Flag bedford 03 Mar 19 12.26pm Send a Private Message to elgrande Add elgrande as a friend

Originally posted by steeleye20

'All property is theft'

The worst landlords are those seeking to seeking to justify their financial gain on the backs of ordinary people's need for a home.

Nausea.

So where do you live then ..in a f***ing tent you doughnut.

 


always a Norwood boy, where ever I live.

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Yellow Card - User has been warned of conduct on the messageboards View ChrisGC's Profile ChrisGC Flag Wantage 03 Mar 19 12.27pm Send a Private Message to ChrisGC Add ChrisGC as a friend

Originally posted by steeleye20

'All property is theft'

The worst landlords are those seeking to seeking to justify their financial gain on the backs of ordinary people's need for a home.

Nausea.

How's life over in the south of France treating you? Or do I have you confused with another champagne socialist?

 

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Yellow Card - User has been warned of conduct on the messageboards View ChrisGC's Profile ChrisGC Flag Wantage 03 Mar 19 12.28pm Send a Private Message to ChrisGC Add ChrisGC as a friend

Originally posted by elgrande

So where do you live then ..in a f***ing tent you doughnut.

Made me chuckle.

 

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Yellow Card - User has been warned of conduct on the messageboards View ChrisGC's Profile ChrisGC Flag Wantage 03 Mar 19 12.38pm Send a Private Message to ChrisGC Add ChrisGC as a friend

Originally posted by Mapletree

Oh dear

What would you rather people invest in, BitCoins like Tux recommends? At least renting out housing benefits people. Nowadays in London there is no capital accumulation, so it's only providing a modest return. Probably lower than equities.

There is a need for a private rental sector. Full stop. The fact that rents are high is solely a function of the cost of housing, given the returns aren't high. It isn't profiteering, simple ROCE calculation.

Correct. Until the mortgages are gone or the house sold off in 20 years, there is no profiteering to be had (unless you're running a slum, and even then I don't think they make much money unless they've got hundreds of occupants over tens of properties due to the pitfalls).

 

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View Hrolf The Ganger's Profile Hrolf The Ganger Flag 03 Mar 19 12.55pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by steeleye20

'All property is theft'

The worst landlords are those seeking to seeking to justify their financial gain on the backs of ordinary people's need for a home.

Nausea.

Don't be ridiculous.

It is not unreasonable for people to use the existing system to make money.

I'd be in favour of a utopia where everyone is given a home for free but how does that work in the real world?

Perhaps you could tell us.


 

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View Pussay Patrol's Profile Pussay Patrol Flag 03 Mar 19 3.23pm Send a Private Message to Pussay Patrol Add Pussay Patrol as a friend

Originally posted by Hrolf The Ganger

Don't be ridiculous.

It is not unreasonable for people to use the existing system to make money.

I'd be in favour of a utopia where everyone is given a home for free but how does that work in the real world?

Perhaps you could tell us.


it is if it's at someone elses expense

 


Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah

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View Hrolf The Ganger's Profile Hrolf The Ganger Flag 03 Mar 19 3.49pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by Pussay Patrol

it is if it's at someone elses expense

Surely all profit is at someone's expense.

Earlier I suggested that landlords were greedy. That might have been unfair on some.

Is it not reasonable to invest in property if it pays better than the the interest rate?
And would it then not be a reasonable option to rent that property out if you could be bothered with the hassle?


 

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View Pussay Patrol's Profile Pussay Patrol Flag 03 Mar 19 4.06pm Send a Private Message to Pussay Patrol Add Pussay Patrol as a friend

Originally posted by Hrolf The Ganger

Surely all profit is at someone's expense.

Earlier I suggested that landlords were greedy. That might have been unfair on some.

Is it not reasonable to invest in property if it pays better than the the interest rate?
And would it then not be a reasonable option to rent that property out if you could be bothered with the hassle?


Too much trickle up when there should be more trickle down

 


Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah

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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 03 Mar 19 4.17pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

Originally posted by Pussay Patrol

Too much trickle up when there should be more trickle down


Expand on this? what exactly should trickle down and how?

This is just a throwaway comment without meaning.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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