Owning your own home

You think? Would that not just benefit the super rich creating an even bigger divide?

I'm not sure if it's many. Would be good to know the actual numbers of Landlords who aren't doing things through a LTD who are potentially going to be in trouble.

I have a sneaking suspicion it's not that many in the great scheme of things.

can't claim their interest payments as an expense.

Didn't they already stop that a couple of years ago?

Private golf coursw

Can work with rent controls and v long tenancies. Problem now is that ‘market value’ in the UK is often more than a mortgage would be and actively suppresses people’s ability to save for that deposit.

wanna do a fun Friday checklist?

Does that actually stop rent prices increasing though?

"“The problem is not the allowances, it’s that rents are too high and have been rising for 40 years,” the State Secretary for Housing Julien Denormandie told Le Journal du Dimanche newspaper. "

https://www.reuters.com/article/us-france-reform-housing/france-to-trim-housing-allowances-official-idUSKCN1BS0FN

Sounds about right, dont get me wrong, I'm not arguing that the current market is right, I'm arguing against the assumption that anyone with more (or less) is "scum".

Sell it, obviously. Now you’ve made a profit and increased supply.

It's being phased in. There's a transition period.

You raise a valid point.

In reality, because of the rent controls, yield is relatively small so property isn't the cash cow that it is here and prices only fluctuate a bit over time.

It's not a perfect solution, I agree, but I'd rather have a relatively small number of professional landlords bound by strict laws in favour of the tenant than the amateur landlord shit show that we have in the UK.

I think ‘scum’ is usually emotive shorthand for ‘making a choice I find ethically distastful’.

I was more referring to Switzerland with regard to rent control. No idea how the French do it.

April 2016, you only get wear and tear relief if you actually buy furnishings. By 2020... more changes in place to reduce rich landlord tax savings. Looks like I missed the boat on being a proper BTL cunt. Fucksake.

Interesting, maybe that way would work better? What rent controls though? Serious question, I thought it was the lack of rent control in the UK that has contributed to what is perceived as an issue (BTL controlling property/rent).

https://www.youtube.com/watch?v=9Heybq1s79Y

If you can sell it. If not, what then?
Get a tenant in to cover costs of having second place, otherwise you're losing money.

Buying/Selling in England is also a shit show. It's almost like you had generations of rich, entitled pricks making your laws up...

I think you just made this assumption. I consider myself well off and not in some Hippy happy in life way. I do still however have a dislike for many BTLers (not everyone) It has nothing to do with wealth.

I think ‘scum’ is usually emotive shorthand for ‘making a choice I find ethically distastful’.

And supporters of football teams you don't like

But really, it's actually are really divisive and offensive phrase usually reserved for people who are like, you know, fascists or something, not usually people who have filled a gap in the market and made a bit of coin, some of whom have even been quite decent about it.

If you can't sell the property is advertised for too much. Everything sells at the right price.

If you can’t sell it, revise the price.

It has been about five years since I last read up on Swiss tenancies but I think that there is a Federal reference rate for rent and that you need a court order to deviate from it. I.e you need to prove that your costs for that property would mean that the federal rate would make you a loss.

So, if your rental property would make you a loss at the federal reference rate, you need to submit to a court to prove that your proposed rent is no more than say 3% on top of your cost to operate the property.

Obviously, if you are mortgage free, then you will most likely be stuck on the reference rate

If your property has gone up in value, or the area it is in has, that is NOT a valid reason to raise the rent.

No-one likes being judged, not even Scum.

You know what they say about assumptions!

My only gripe was you calling BTLers scum, where people should be viewed and judged on an individual case basis.

Some defo are.

Some are not.