Owning your own home

i think so, yes.

well that's what we're going to do.

My previously landlord was nice. The two before that, not so much.

You mean like the basic right to water, which is controlled by the shareholders of companies like Thames Water?

Spending or investing (in companies that do something).

Right to water != right to have someone build infrastructure to collect it, purify it, deliver it to your house and take it away again after it's been through your body for free...

A pox on Hay side tables and letterpressed posters!

Stop straw-manning me - a house to live in is entirely different to one to speculate on at another’s expense.

Invest your surplus cash in something productive.

Why should anyone have a right to OWN a property? Why shouldn't a home be considered an investment?

The right of having the security of owning the roof over your head should be available to everyone.

Agree with the sentiment, but the logical conclusion of this is that people who rent out homes they own is that they are cunts? Nope.

Invest your surplus cash in something productive.

Bitcoin.

LOL

Sure, like I said you can’t blame people for doing something that has been historically personally lucrative. Criticism =/= blame.

You can't buy taste, can you?

This.

(Disclaimer: I do not own a BTL).

Hah!

^confirmed BTL Tory cunt.

I kid, there are relatively ethical ways to go about being a landlord. The usual BTL model of the renter paying off the owners mortgage for them and covering costs/tax/etc is not.

The usual BTL model of the renter paying off the owners mortgage for them and covering costs/tax/etc is not.

Eh?

I mean you need massive state intervention if you basically say 'if you BTL you cannot earn a yield'.

I do. Kinda by accident.

I'm a cunt AMA LOLWHAT

i'd rather live in my perception of whats right and wrong than yours by the sounds of it.

YOU MUST BE BECAUSE YOU HAVE MORE THAN ME!

Yeah, you reckon they'll let me run my own pipe from the Thames?

What if I built a new house and then rented that? Why shouldn't I be entitled to get some return on my investment in someone else's housing? How am I supposed to build more houses if I'm broke after building the first?

There aren't many places in Europe that share the UK obsession with home ownership.

Then again, the countries with lots of tenants actually give their tenants decent rights.

France is interesting because you can only mortgage one residential property meaning BTL is not possible.

Switzerland has rent controls and pays you interest on your deposit. No section 28 notices either....you only have to leave if you breach your TA and a court has to decide that, not the landlord.

Would people be so freaked about owning bricks and mortar if they were entitled to ten year tenancies, got interest on deposit, couldn't have rent increased, could perform home improvements in a rental, couldnt be evicted...?

The net effect is a small core of super rich who own most of the rental property but they had to build their portfolios up over generations and don't see property as a quick buck.

this will be the case for many in the not too distant future. Lots of Interest only over leveraged Landlords out there who soon can't claim their interest payments as an expense.

I'm going to argue the opposite...

Imagine a different kind of BTL. Imagine one where someone who has surplus cash buys a place and lets a family live in the place for market value or slightly below for as long as they want. Maybe the people who rent are never able to earn enough for a deposit on their own but have for all intents and purposes their own home.

I was that renter at one point.

Thoughts?

Ban BTL altogether. Cash only sales for second homes.