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August 22 2019 11.22pm

Right to rent

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View dollardays's Profile dollardays Flag 03 Mar 19 7.18pm Send a Private Message to dollardays Add dollardays as a friend

Originally posted by YT

Eh? Property is a massive global investment vehicle. Owned by pension funds, insurance companies...even trade unions!

Don't forget the Church of England and Crown Estate

 

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View steeleye20's Profile steeleye20 Flag Croydon 03 Mar 19 7.30pm Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by dollardays

Don't forget the Church of England and Crown Estate

Yes, especially them. (satire)....

Remember the Archbishops of Canterbury's reaction when he was told to put up some of the homeless in Lambeth Palace?

 

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View EverybodyDannsNow's Profile EverybodyDannsNow Flag SE19 04 Mar 19 8.18am Send a Private Message to EverybodyDannsNow Add EverybodyDannsNow 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.

Yield is simply the annual rent return/purchase price - if you buy it for £500,000, and rent it for £2000 per month, your yield is £24,000 (£2k x 12 months) / £500,000 (x100) = 4.8%.

Not sure what the other explanation is all about, particularly from someone whoís a landlord themself.

Itís becoming less and less profitable to be a landlord, particularly in London where the purchase prices are so inflated, and rents just havenít matched it - thereís also a whole host of new costs being burdened on landlords, such as council licensing schemes, which all eat into the already small profit margins.

 

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View Lyons550's Profile Lyons550 Flag Shirley 04 Mar 19 3.00pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by steeleye20

Nobody should give a s**e about landlords they are disgusting social parasites.


No i'm not!

 


The Voice of Reason In An Otherwise Mediocre World

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View Lyons550's Profile Lyons550 Flag Shirley 04 Mar 19 3.13pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Hrolf The Ganger

Well if banks didn't charge so much for mortgages and house prices were so high, then perhaps more people would buy.
My only issue with landlords is that they are too greedy.

You do realise that mortgage rates for landlords are even higher! Also that there's an extra 3% levy on the whole cost of the property as well...all extra costs that a landlord incurs.

Having said that though, part of the reason for the extra levy is to weed out the unscrupulous landlord who DO exploit their tenants. Thankfully as a result of this and Sec 24 the 'new breed' of Landlord is far more savvy and business like in their approach, and like Tom i also rent my properties out below the market rate.

I do so because A) I want my tenants to be happy and B) I want to give them the opportunity to be able to save for a deposit if they so wish.

 


The Voice of Reason In An Otherwise Mediocre World

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 04 Mar 19 3.19pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by steeleye20

Nobody should give a s**e about landlords they are disgusting social parasites.

You probably think that about anyone with £3 in their pocket, hence why you probably donít buy any drinks.

 


COYP

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View .TUX.'s Profile .TUX. Flag 04 Mar 19 10.00pm Send a Private Message to .TUX. Add .TUX. 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.

Good shout.
Did you buy some?
900dollars in early 2017 and still, despite the very best efforts of the largest market on the planet to kill it off, trading around 3,800 dollars today. Far from shabby
Bitcoin isn't going away, it's about a trust-free currency and being being your own bank ie cut out the expensive middle-man.
It's deflationary (there will only ever be so many available) so it can't be printed from thin-air therefore devaluing any currency that currently exists (how many are continually having to top-up their pension because the value of the currency has been turning to rats*** for decades now? How many 'oldies' are having to release equity due to the currency turning to rats***?
So what's not to like? There is far too much money moving into this space for it to be 'hunch/gamble'. And the best thing is that you'll never get a call re- 'the guttering is leaking' etc etc.

Please feel free to reference my stance again in the future.
I'm here to help everyone.

 


Buy Litecoin.

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View Hrolf The Ganger's Profile Hrolf The Ganger Flag 04 Mar 19 10.05pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by Lyons550

You do realise that mortgage rates for landlords are even higher! Also that there's an extra 3% levy on the whole cost of the property as well...all extra costs that a landlord incurs.

Having said that though, part of the reason for the extra levy is to weed out the unscrupulous landlord who DO exploit their tenants. Thankfully as a result of this and Sec 24 the 'new breed' of Landlord is far more savvy and business like in their approach, and like Tom i also rent my properties out below the market rate.

I do so because A) I want my tenants to be happy and B) I want to give them the opportunity to be able to save for a deposit if they so wish.

I think I already said that my greedy landlord remark was a little unfair.

 

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View Stirlingsays's Profile Stirlingsays Flag Wisbech, England 04 Mar 19 10.18pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by Lyons550


No i'm not!

I think Steely was having a bit of a wild turn.

 

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ChrisGC Flag Wantage 04 Mar 19 11.24pm

Originally posted by EverybodyDannsNow

Yield is simply the annual rent return/purchase price - if you buy it for £500,000, and rent it for £2000 per month, your yield is £24,000 (£2k x 12 months) / £500,000 (x100) = 4.8%.

Not sure what the other explanation is all about, particularly from someone whoís a landlord themself.

Itís becoming less and less profitable to be a landlord, particularly in London where the purchase prices are so inflated, and rents just havenít matched it - thereís also a whole host of new costs being burdened on landlords, such as council licensing schemes, which all eat into the already small profit margins.

Sorry, I'll clarify for you.

You've explained how to calculate the yield which had already been done. I explained the relevance of the return on investment compared to having the money in the bank: that's what yield is: return on investment.

 

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