"Sit Down, Relax, Have A Holiday" - Welcome To Being A Landlord
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- čas přidán 9. 07. 2023
- Rivkah Brown attended the National Landlord Investment Show in London where landlords gather to complain about renters and share tips on how to increase their portfolios.
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Some of these landlords are ridiculously out of touch with ordinary people; they have no idea how bad they sound
Most of them have a low IQ and their properties are inherited, they never earned their wealth. Unearned wealth equals greed.
They are ordinary people. Many on the Left are also (to their shame) landlords.
"It's the agent that puts the rent up, not you"
Erm... bullshit. I rent my grandfather's old house via a management company and they ask me if I want to put the rent up each year and each year I say no. It is 100℅ the landlord's decision.
Genuine question: why don't you just sell it?
To build equity, and pass it on generations is one reason, it’s not a bad thing.
Compare also with housing associations who seem to manage just fine by not rinsing people. When they can get the properties required.
@@marklasy6209ohh it is.
@@EdGrayAudio It's not the most straightforward arrangement, since I share ownership with my overseas brother. At the time of inheriting it was a dump, we had enough going on with renovating the place and doing all the paperwork ourselves for our grandfather's estate and funeral (immediately following the same process for our mother a couple of years before) without putting a house sale on top. The obvious choice was renting it out through a manager to just put it to use and not leave it to fall in to disrepair again while we deal with other things, especially as the pandemic was just starting. Now I have a steady, multi-year tenant who I am keeping the price stable for each year and I am comfortable with the arrangement and maintaining the house as it is. Conceivably, I would look to sell once that tenant decides to move on, but I won't kick them out of a stable agreement in order to do so.
The lack of empathy is absolutely staggering. But unfortunately it doesn't suprise me.
we've built a system that rewards psychopathy, sadly.
what can you do with empathy exactly? do you give all your extra money to charity? do you stay in rather than go to the pub so you can give your money to the homeless?
@@forestsunset9617 🙄
@@forestsunset9617Do you not understand empathy? It doesn't mean acting dumb!!
@@truthseeker7612 of course I do. but it's pointless. A landlord may have empathy, but if they don't get a good return on their investment then what's the point in doing it any more? I bet you walk past a homeless person and have empathy, do you invite them to sleep on your sofa? Probably not.
listening to those landlords made me understand why people become communist
It is hard to defend capitalism when that's the face of it. 😂
@@lizcollinson2692 I may even convert now lmao
Hi - we just had nearly 3yrs of crypto Communism in this Country during Covid and you can see the effects. It was the Left that screamed for Chinese Communist Party style lockdowns and for absolute power to be granted to the State. Now you see the effects and how much the Establishment profiteered personally and laundered public money out of the system.
Ask the Poles, Hungarians etc if they want to go back to the Communist system.
There is a reason why the first people to be taken out in every single social upheaval, revolution and civil war has always been the land owners.
@@Welcome2TheInternetexactly.
“It’s hard for landlords.” A minute later: “They [tenants] have no choice. No chance.” Amazing job getting these shockingly honest answers.
If you consider the increases in Mortgage payments every month and the new rental licences that are required which cost several hundred pounds a year and the fact that Landlords can no longer offset their mortgage payments against their taxes. What the heck do you expect landlords to do? Lower the rent ? Blame the government for their greed in taxing landlords so much where in many cases landlords are losing money every year not making money.
@mustafahakim1298 they could, and stay with me on this one, sell there asset.
@@Mightypi I think the issue is all the pressure is being applied on smaller time landlords who are then forced to sell the asset and the property is snapped up by corporations such as BlackRock who truly only see tenants as a number they can squeeze. Neither is good, the system is broken but one is definitely preferable to the other.
@scottandcoke1342 nah fam. Smaller landlords facing destitution at the system they made others live in might just help the system change. Blackrock etal are a huge problem too, but we'd need political will to change that, better the (ex) landlords be on the side of change then pushing against us.
Really it's in there best interests
@@Mightypi the issue is 'help the system change' is a bit vague. Unless you're waiting for the socialist revolution - which I'd argue is unlikely in our lifetimes - then laws such as restrict each individual/company to a maximum of 5 rental properties or rent controls might be a better solution than hoping small time landlords go bankrupt in order that they'll join our ranks.
The sheer casualness with which these people say they're happy to render the most unfortunate homeless is terrifying.
They're not people
Precisely the reason why the private sector should not be responsible for housing provision
Class war is class war.
I don't judge the vampires, I judge the willing victims who are too cowardly to put a stake through their black hearts.
@@yellowgreen5229 that sounds a bit murdery
The extent to which people will self-report if they think they're talking to a sympathetic outlet is amazing.
The woman in the green jacket got under my skin. "We're doing great, yeah, cause rents have gone up so high, hihihi... Obviously the tenants don't like it and they complain because they won't be able to pay anymore... But they can be very easily replaced, hihihi."
Absolutely repulsive.
There was only one out of the lot of them, who claimed that he always has the tenants best interests at heart.
yeah I mean he was saying he had tenants' interests at hearts over and over, but he did say he increases rent by 5% every year, so not exactly behaving any differently than the rest of them.
And he was lying
And their money 😂😂😂😂😂😂
She was a disgusting subhuman monstrosity.
@@freakalmighty2533 Very true. Between what they say , especially when on camera, and what they do are two different things. He might claim to be ethical at heart but being ethical at heart means nought if he doesn't live up to them.
It's bizarre that these people think if they don't own it, a property will just cease to exist
It's their way of convincing themselves that they contribute to society rather than just leeching off other people
It will still exist, but will go to a bigger landlord who will charge more rent than your average middle class person who has one or two houses as a pension pot.
@@forestsunset9617 it doesn't have to be that way; we should move more towards a Vienna model for rented housing
@@forestsunset9617
Or, it would be available for somebody to buy and live in as a home. This argument of "small landlords are good because otherwise big landlords" is laughable.
How about neither?
@@robertwinslade3104 when you rent a hire car do you expect it to be priced at cost only and not for profit? When you take out a mortgage do you expect the payments to be interest free? This isn't the way the world works. Renting a house is the same as anything else.
Rivkah did an excellent job here, it would be so easy to antagonise them but she really got them to open up and speak their minds. I suppose a lot of these landlords don't really see the issue with what they're doing, and it just goes to show that leaving housing provision up to the profit-motivated private market just causes the wealthy classes to treat housing as another asset to play with rather than an essential service.
If they were forced to live as one of their own tenants I have a feeling they’d cop on pretty quick to the effects of what they are doing…..
Landlord here. Exactly. And money invested in extatnt real estate is NOT money invested in factories, technology, infrastructure, businesses. I'm a landlord because it's easy and has massive advantages: an income stream while the value of the capital grows. And in the present environment, you just keep putting the rent up so inflation is irrelevant. A shop owner can't risk that without driving away their customers... but they're not 'selling' the ultimate essential service, nudge nudge.
The solution is regulations that favour tenants and make real estate have an appropriate value for the risk and the advantages. The problem is maggots of my class can and will lobby to remove any regulation. Another solution is to force developers to develop released or acquired land within a certain time frame, or lose their rights to it. Developers hoard land and real estate releasing it in a profit-friendly drip feed.
One small immediate thing that would help is for the MSM to stop parroting in the most asinine way possible the bullshit about 'poor landlords' and 'mum and dad investors' (popular media cliche here in Australia). Parsing different social groups as virtuous or as villains is a powerful way the legacy media... and not just the conservative media... help the rich.
Apart from when she started a question with ‘I assume’ when asking the guy with the HMO’s if he’d raised his prices with the interest rate and she was wrong.
There is no fundamental problem with having a private housing market, in fact it's essential. The problem comes from the fact there is a shortage of affordable housing (and housing in general) to meet the needs of the UK. This is a result of poor long term planning by government. If there is a shortage of housing then it drives up the cost of existing housing, and when houses are high it means people can't buy, so then more people have to rent, which means demand outstrips supply. So the result is a private sector that is able to charge more rent. This wouldn't be possible if there was more housing.
@@lllordllloyd Ok firstly developers don't hoard land. That is a myth. Often the land they buy, they cannot develop it for many, many years as they have to go through an extensive consultation process regarding environment and infrastructure and then the planning process.
I've worked on sites unresolved for up to 10 years in some cases, hugely profitable schemes if given the go ahead, worthless as held, costly optioned land.
There's no money in holding land for growth because the cost of money tied up or that of the option would far outweigh the increase in value of land.
The money in land is taking dull land and then taking it through the planning process and immediately sold to a waiting developer, or developed as the land owner.
It is the planning system which is the issue, that and people not wanting development near them.
Secondly you don't sound like a landlord at all, you sound like someone pretending to make a point. Even lazy landlords have some work to do, and you can't just keep putting the rent up as eventually people can't pay and you risk default which is worse.
Weird how "it's only fair to expect them to pay as much as they can afford based on their income" is perfectly fine for renters and rent, but not for landlords and tax.
In other words, all the increases in wages over the last 40 years will be hoovered up by landlords.
People are working harder and longer, couples too and do they have much more disposable income? Not really, living standards roughly the same. Any gains leeched away by the scam of the property market.
It's only fair to feed the tapeworm in your bowel as much as you can spare without it killing you
'we're not raising the rent, we just raise the rent by 5 percent every year' o ok thanks for clearing that up
I also loved how he couldn't define 'ethical landlord' 😂 These folk are such twats!
he said he rents to mostly companies. A 5% yearly profit rate is expected of a company and something they can definetely afford. It's probably why he is so "ethical"- his renters are high paying private companies he tries to please at every turn. Still I'm not gonna fault him for that.
Rents have to go up year over year if the cost of conducting business goes up year over year.
@@rudy8409 if your business doesn't function without extortion maybe the business is fundamentally problematic
😂😂😂😂
If you boil it down, landlords are just scalpers. The only difference is perception. Scalpers are generally seen as scummy people who are abusing a demand by buying up the supply and selling it on at a ridiculous markup.
Landlords seen as entrepreneurial people who are abusing a demand and buying up the supply for them to provide a much needed service.
Yes exactly, perception. Landlords are leeches, blatantly exploiting a universal necessity while self-describing as altruistic entrepreneurs providing a service.
Correct. Most of these renters would be home owners given a fair shake
And voting for parties that don't create supply faster than demand rises, at every opportunity. Actively trying to force peoples quality of life lower, so that theirs can rise.
@@patrickdoyle9304yeah, prices wouldn't be so high without competition from landlords buying as much as they can.
@@Hession0Drasha The more landlords sell the more homeowners you get and the more scarcity of rental properties you will get. You are seeing this now. The rental market is fierce. The solution is simply to build more houses to increase supply and get people to realise they don't need to live in the middle of a city.
Well done on letting everyone there have a voice. You dont need to argue when you let people dig their own hole ;)
Yep. Watching this was like watching someone being given a loaded gun and then shooting themselves on the foot!😂
Come the Revolution, we will bury them for free.
@@arghjayem
Couldn’t agree more 😂!
Why as a society do we allow this stuff to go on? It’s crazy to me that people all over the world suffer while people just horde wealth that they can’t spend in 10 lifetimes
Even if they're not millionnaires, there's just no justification for allowing landlords to exploit people.
They're contributing nothing to society, but sapping wealth from the young/poor working population.
It's probably a rhetorical question, but the answer to why we allow this stuff (as a super majority) is because humanity in general is quite dumb and are conditioned to accept their misery as "inevitable and normal".
If society starts demanding that landlords sell their properties to future home owners, and burn down a couple of their rentals as a motivation, the whole housing market will change in very short amount of time.
I’m not sure why people think landlords are greedy. You do realize there are property taxes and other stuff that keeps raising and the costs get passed down to tenants which in turn is why rent goes up.
But sure you can think all landlords are greedy.
@@11111mhmhmh Hoarding housing, taking money for doing nothing, even if only 5/6k on a property? Putting rent up on poor people to keep your higher standard of living at the expense of decreasing their lower standard of living further? What we really need is a revolt against them, a coordinated effort to squat every vacant property and refuse to pay, if they try to evict us, we start burning them down or smashing them up! Make it unprofitable so they are forced to sell at a low price as the market crashes, maybe even make it to where forfeiting the property is favourable to keeping it! Let the councils buy them up!
@@11111mhmhmhexactly. the costs get passed down to tenants, who are already paying rent. if they're paying property ownership costs on top of rent, why not just give them the property? seems like the rent is going to the landlord for no reason in that case
That Ranjan guy just shouting false platitudes about handbag economics to justify ripping people off is 100% pure toryism
That guy is a perfect example of what's happened to homes over the same period he has been in business, the government has greased all the wheels to turn homes into debt engines for investors and banking , the flexible economy haha maybe he is flexible enough to find a less parasitic job somewhere else to assist our economic growth rather than his bank Ballance
I thought that Ranjan guy was talking a lot of sense actually !!
@@ranjanbhattacharya-succeed7617 ofcourse he was and now we have identified the parasite we can deal with it , it's not a case of nice guy bad guy it's a case of the system isn't working the laws in place allow parasitic entities to enslave using shelter as a tool to ride the wave of bank produced inflation , banks are the biggest parasitic entities by far and they are controlling policy on housing . You wouldn't believe how much of the value of a new build house is profit from the idea to the sale , the sale is often sold as debt to the bank which is financial slavery . The only way to change this status is by changing laws
Rajan was spot on. Well said.
@@ranjanbhattacharya-succeed7617 That Ranjan guy understands capitalism and the root cause, he has my vote!
I'm sure most of these people aren't sociopaths but you can see they have thoroughly detached themselves from the reality that their tenants are human people
If they didn't detach them self's they would have to own up to the fact that they are apart of an abusive practise that is slowly destroying society, and running the lives of millions of people. At some point though we have to blame the law makers for allowing it to happen. It's like if selling crack was legal you would have all the drug dealers meeting up together trying to explain to you that selling crack is ok and it's the choice of the people but ultimately it's up to the government to make sure that harmful and exploitative practices are made illegal.
The parents of the tenants are even worse because they brought them into this world without any financial planning
Actually, they are. They are insensitive to others' pain/hardship.
do u think about the reality of women working in 3rd world sweatshops for pennies so u can enjoy cheap fast fashion?
I'm not claiming to be the most virtuous person in the world. Some things are closer to home though and a lot harder to ignore. It's a strange assumption though to assume we're all into fast fashion....I dress like a tramp and shop in Vinted exclusively.....however from my mobile knowing that far away someone life if tragic mining for the battery........I get your point....but landlords are directly involved in the decisions that affect the people in their property
More street interviews like this would be great; it always shocks me how mask off conservatives are willing to be
They believe people aspire to be them so they see nothing wrong. Peak Capitalism.
They hae a "They hate us because they ain't us" mentality.
They buy into capitalistic myths.
Why wouldn't they? Almost the entire corporate media and both parties of government are firmly on their side. Along with many alleged socialists who are also landlords.
Well, it's a landlord convention, I expect they think its all pro landlord interviews.
I think a big part of it is that they LITERALLY don't appreciate how 'mask off' it actually is--it's just 'natural' to them (and at least much of conservative belief in my esteem relies upon NOT being examined--on being just socially/environmentally conditioned reflexive instinct, more than genuine carefully and consciously considered belief), and it's legitimately a surprise to them when others are horrified by what they say and/or do.
The woman in green will 100% wake up in hell and be completely mystified what she ever did wrong in her life
forever aflame too
How isit wrong. She owns her home. Renters think they have some sort of right to pay what they feels right 😂. How buy your own house then
@@weeeeeladYeah sure, let me just put more into my savings.... Oh wait, rents are continually going up 🙃
@@thomasallen6620 make more money
@@weeeeeladnot possible for everyone. Why do you support human suffering? Rather pathetic.
Wow I am litterally crying a river for these poor, poor asset owners. It's so sad that their profits are going down, getting multiple free houses is barely worth the effort of being a landlord.
don't cry for me, I'm loaded. I drink tenant tears.
@forestsunset9617 I wouldn't cry for you, I'd laugh at you if you lose it all though, because Karma can a right b*tch.
@@forestsunset9617 Typical landlord lol, it was sarcasm by the way. We all know the extra cost is passed onto the tenant anyway
Yeah it's such a shame when all your money is hidden in assets so that way you don't have to pay a government your fair share of taxes. And you can't spend it until it's really well laundered such a hard life all of these thieves live
@@rebeccachambers4701 what are you talking about? Rental income, and gains on assets, both taxable.
Landlords are the least self aware people. "Ethical" landlords.
"Most small landlords are poor"
No mate. They own their own home and then have one (or more) properties as an investment. In a cost of living crisis, a landlord in difficulty sells their investment, while a tenant in difficulty is made homeless.
They are poor compared to the people they look up to.
They have their own home, and one or more properties as rentals, and then there is a whole spectrum as to how mortgaged those properties are, could be 0% LTV, >100%LTV, or anywhere in between. Selling a house takes time and is not cheap just in solicitors costs etc, and they may well be in negative equity, which can make it financially impossible for them to sell it depending on their circumstances. Each landlord is different. I don't know about "most", but "some" landlords I can believe are not well off. I doubt any of the smaller less well off landlords are attending whatever conference this was though.
@@keithparker1346 buy a house mate avoid the problem
@@chrisvarns if a landlord has ended up in this situation, it's poor risk management. Rather than gambling that interest rates would remain historically low, investing in ETFs would likely be a safer and more appropriate investment.
@@QuimLover I don't disagree, I just wouldn't describe people in such a position rich/well off, and I wouldn't assume they have a path out that isn't financially ruinous.
This is what happens when they see houses as unit, not home. Private renting is a massive scam. My mum and dad rented most there lives. The last house they rented for 20 years, as soon as the landlords mortgage was paid, the management company sent my parents a letter, which gave them 2 months to vacant the property. Absolute disgrace. The only reason they didn't homeless was my father had dementia. They hot a one bed flat, my dad ended up in a hospice, my mums still in the flat. There not units there homes. Renting out privately should be an illegal practice. Social housing should be the future. Sorry for the rant. But it really gets my goat, how people who can afford to buy more than one home, treat renters like cash cows. Parasites.
What has how long they lived there got to do with anything, they got to live there for each month they paid. Regardless of how long you rent anything for, it isn't yours. Landlords own property as an investment, the properties are only homes to those that live in them.
@@philyewin4880 Which is an indictment of the capitalist system which we endure.
Investment in exploitation yes. Opportunists profiting from those of us forced to rent. It's called extortion.
Capitalism is like a shark in the sea. A shark will chase after its closest prey and eat it. A shark has no morality. It doesn't discriminate over what to eat. One human is just as tasty as another, right? And sharks are ruthless predators. The great white shark is regarded as the most deadly. (See Jaws film!).
Capitalism is the monetary version of the shark. It has no moral code. It just takes, takes, takes. It doesn't care if you can't afford to buy food, pay energy bills, pay rent, pay child care, pay mortgage etc. It doesn't care. It's the same mindset as the shark in the sea.
One of the main reasons I don't want children is I don't want my son or daughter to be held hostage to capitalism. I'd rather never have kids than bring them into this uncaring world.
Your not meant to rent for that long
Rent is or should be a short term thing ..
Not only will it cost you more , you own nothing at the end ,
As you know ..
You parents should have bought somewhere anywhere.
Capitalism would mean the landlord fails in a competitive market. Yet they dont.
Capitalism is when you have the CHOICE of paying for my overpriced property, or the competitive alternative of death by exposure.
which is why we need a massive social housing building programme
@@gamble9437 I think your misunderstanding choice. You can visit estate agents and view online ads for an area you'd like to live in and choose which available house/room/flat/whatever best suits your needs for your budget. There are choices to be made. The problem is housing stock is so limited that there's little incentive for landlords to undercut each other because someone will almost inevitably rent the property (atleast in areas where lots of people want to live like London). The solution is to build more housing which requires funding and planning permission.
Its feudalism really.
Capitalism is about owning the means of production and exploiting the labour of others to extract surplus value. Owning land and charging people to exist in it predates capitalism by some margin.
"What we need is a workforce on their knees that we can push around the country wherever we want them.
Sounds like a brexit benefit!
@@annemoncrieff3875 Yeah. Nowt at all to do with 25 years of stagnating wages.
You one trick ponies are boring.
Was the guy unaware of the boom in working from home that happened with the pandemic? 🤔 But yeah his attitude sucks, bet he doesn't move around the country... Not that there's a need for his exploitative line of 'business'...
Borrowing against the value of the rental properties is a disaster. There is no hardship to the landlords if they sell up. It's a hugely insecure method of providing housing.
We need social housing building, appropriate to people's needs. People should not be able to purchase property that depends on someone else's income to pay for.
Your last sentence makes, I think, the crucial point. Depending on someone else's income to fund ones own lifestyle is immoral unless it is a sharing relationship, a family for example.
House prices & rents are intolerably high compared to incomes...a failure of the neoliberal orthodoxy to properly provide for a basic human need, shelter.
Public housing, owned by the public housing the public.
i have rarely met a landlord i ever liked
You’ve been more successful than me… I’ve despised every single one I’ve ever met… scum.
I believe that’s called “prejudice” ✌️
@@alandbs329well it's not prejudice if they're talking about their experience, is it...?
Nice landlords are a rare breed. They do exist, but unfortunately there still partaking in a degenerative practise even if they are nice if they have a soul they know it too, they just all lie to themselves about it. Majority of landlords today are sociopaths, otherwise they just wouldn't do it anymore.
"Landlords are poor". Then what are the tenants? Ridiculous.
Landlord with buggy eyes: "these people run to the government like they run to their mummy to solve their problem. Government is not the answer". Mate, if there were NO government, i don't think the crowd would be that polite, and you'd be toast. Literally.
the government is the problem not the answer.....they are the one whop finance social rental property and unless more social property is built nothing will get better......but then the people protesting about rents will rent a coucil property and after a few yrs buy it and the whole thing happens again....lol
I dont think that is what he was saying to have NO government. He is saying that government needs to get out of the way of the free market and allow capitalism to properly work.
@@rudy8409 oxymoron. There is no free market, EVER. Its always socialism for the rich and market disipline for the poor. Sorry your rates are too high, Guess you have to sell. If there is a glut of houses on the market maybe regular people can finally get a home that doesn't have an exponential curve on what they have to pay each year. Pure parasites pretending to be 'landlords" GO look up the landlord game, the original name of monopoly and how is meant to warn people about the scum that are landlords.
😅😅😅 Buggy eyes! 😂😂
@@rudy8409 1. If working and living by the rules is not enough for people to provide the essential for themselves, they will turn legitimately violent. 2. The State can intervene by fixing markets and/or by enforcing law and order. They are equally state intervention! Supporting one over the other for *ideological* reasons is arbitrary. 3. Thinking that free market capitalism will provide an optimal and equitable distribution of resource to fulfill everyone's needs is as wishful thinking as thinking throwing manure randomly in a field will result in a orchard. 4. What is the state for? The State could be there to ensure optimal distribution of resources (which is wishful thinking to imagine it can be done without intervention) to fulfill everyone's needs or enforce the concentrations of resources in the hands of a few. 5. In a *democracy*, if the State fails to distribute resources equitably, it is citizens' *duty* to should and complain about it. It is also legitimate to demand better living conditions for oneself. 6. In a dictatorship, violent uprising is legitimate if the State hoard resources and concentrate them in the leaving many unable to provide for their needs.
The least worse was intentionally misleading ‘rents remain flat for 5 years’…. ‘Rent is only raised by 5% each year’… so basically you raise rent every year! Lol
It's flat, just at an angle.
my rent went up ~20% each year for the last 3 years 800 -> 950 -> 1,200 -> 1400. And now this year they are saying well mortgage rates are going up, its pain for everyone, rent might have to go up again!
@@nathijomacNope, not flat. It's an exponential curve
@@Naren25 How do you know it's compounding and not a simple rate?
@@nathijomac He's using 4D economics to modify the space-time diagram and make his yearly rent-increases look like a straight line.
Thanks for finally showing us all how tough things are for these poor property owners, it really tugs on the ol' heartstrings to hear about the terrible stresses and strains they are subjected to. Unsung heros for sure. Refreshing to know of 'the beautiful thing' 06:21 where landlords no longer even have to speak to the lowly tenants, thanks to the heroic acts of the letting agents.
they're not even owners, they are mortgagees
It's so sad. And they are so poor that if their tenants didn't buy the house for them there is no way they could have managed to do it. So l, no, they aren't rich, and personally I'm fed up with everyone assuming they are buying an asset that they can afford.
What people seem to miss, is letting agents do not work for free, they charge 10-20% of the rental fee. So what the letting agent is selling the landlord is an easy life, no voids, rent guaranteed, evictions taken care of etc. That’s if they do the job right.
Many landlords are selling up , the ones that decide to remain have to pass extra cost onto the tenants or sell . To be honest anyone with money now can get 5% interest on savings with no hassle why buy a property to rent out .
@@randyvalantino6850 ah, cleverly ignoring asset appreciation.
If a landlord can't pay the mortgage without tenants, then the landlord is getting the tenant to buy an asset ( that appreciates considerably in value) that the landlord cannot afford.
That is a very perverse system. Combined with buy to let mortgages, its creating an investment the landlord has no resources to purchase. Would they borrow 300k to buy shares or invest in a start up. No, be ause they can't get someone to pay for the shares for them, while reaping the dividends and any share price increase.
Property has become a lazy investment, and it depresses the economy, with ever increasing resources being spent on keeping a roof over our heads ( both tenants and property owners). It is not productive economic activity, and diverts money from the real economy, the midweek pint, a sneaky takeaway, a trip to the cinema a holiday. Nope, all forsaken for a roof.
In a balanced market private landlords have a role to play, with an acute and chronic shortage, they are hoarding a rare resource with no wider benefit to the economy but their own pocket.
"we put our rents up 5% a year"
"we are not exponentially increasing rents"
Yes you literally are, that's what exponential means
They rent to businesses, not homeowners.
That's not exponential. If it would be if he said 5% year 1, 10% year 2, 20% year 3 etc
@@temptemp4174 Not quiet right. It is exponential because the 5% for the next year is based on top of the additional 5% charge on the previous year. The cost increases exponentially, not linearly.
@@temptemp4174Need a math lesson.
5% increase on 100 in year 1 = £105.
In year 2, 5% increase on 105 becomes £110.25
This is an exponential increase on rent over the 5 year contracts he mentioned.
@@temptemp4174 If the interest on an initial deposit P is compounded continuously at an annual rate r , the balance t years alter can be calculated using the formula B = P*e^(rt) on real numbers. It is exponential.
The Rockstar guy says he's not increasing rent exponentially while also saying the price in the contract is set to rise a fixed percentage each year. Well HANG ON A MINUTE, I think you'll find that IS an exponential price increase. If you take his rough estimate of a 5% increase, the factor by which rent grows each year from the first is y=1.05^x which looks an awful lot like an exponential curve...oh wait, it is one.
These people must actively blank out any thought regarding how their choices negatively influence the lives of their tenants. Massive cognitive dissonance, blaming "the market" and their agencies for themselves choosing to raise the price of their already paid-off properties.
do you sell ur labour or assets below the market rate?
@@jonathanjonathan7386 bold of you to equate landownership to "labour assets"
@@Damn_Cat i said labour or assets. so do you sell ur labour to ur boss or your old car for below the market rate? if not why would landlords do it?
@@jonathanjonathan7386 you're asking whether I value my labor below the market rate. Of course I don't, nobody does. But being a landlord isn't labor, sorry.
Landlord: "why are people upset with us?"
Also Landlords: *puts up rent by £400.*
It goes back to Thatcher, getting rid of Council houses. The Tories also abolished rent controls and my rent at the time went up every year after that. I was given a notice to quit but if I paid more money, I could stay.
At least the Labour governments of 1997-2010 abolished Right to Buy, didn't they? Oh... they didn't?
@@RebeccaTurner-ny1xx Having grown up in a council house, I dont object to right to buy. What I object to is the fact Councils were not allowed to reinvest in new properties. That was wrong and caused problems in future supply
@@RebeccaTurner-ny1xxhahaha fgs what is it with these Thatcherite’s pathetic comebacks of “what about Labour under Blair!” - it’s not the smart arse response they think it is because anyone with half a brain knows that Labour were almost as bad as the Tories on many counts. They were certainly not the millennials friend. In fact Thatcher herself said her greatest legacy was New Labour.
Every government of the last 40 years has been diabolical for people under 44, especially the renter
@@RebeccaTurner-ny1xxtoo late by then. It's the Tory way, sell off all public assets so they and their mates can profit....
@@furryelvisthat was all apart of the plan unfortunately
These landlords are just taking advantage of the system. They spot an opportunity and take. The fish rots from the head down. Our MP's have no long term vision, they're so shortsighted.
If you consider the increases in Mortgage payments every month and the new rental licences that are required which cost several hundred pounds a year and the fact that Landlords can no longer offset their mortgage payments against their taxes. What the heck do you expect landlords to do? Lower the rent ? Blame the government for their greed in taxing landlords so much where in many cases landlords are losing money every year not making money.
@@mustafahakim1298 My heart bleeds, people who are fortunate (read wealthy) enough to invest in property they have no intention of living in are struggling to continue making as much short term profit on their investment. How about cash out and give someone else the opportunity to buy and maybe live in it. They all make me sick
Their long term vision is of a non-society in which a tiny few (including them) owns all the wealth.
@@mustafahakim1298 when has anyone asked for the rent to be lowered? Landlords just use ANY excuse to whack up rents
I would like you to be candid about the last part and PROVE this stuff you are spouting about taxes....give details give YOUR details - if not I claim you are talking bs
@@skyblazeeterno So what are you complaining about if the issue isn't high rents? Everything that i have stated about the costs of being a landlord is easily available to anybody with internet access. Please google it and see for yourself.
Not long ago they were all pretending to be altruists. I know one landlord, over 80 year's old, owns a HMO outright, mortgage free for the last 35 years but puts up his rents exponentially, claiming poverty due to interest rate rises.
Poor people can't get second mortgages
This made their mentality very clear. They know what position they’re in, and they’re fighting to further get what they want
Rivkah has a good way to ask a question that isn't leading, it includes the words tenant and landlord to not show what position she personally holds. I do enjoy the leading question style to make a point, but you do always feel like its a missed opportunity to actually hear what they have to say. this way you actually get them to open up, and the argument is blatantly there to see- but still very nicely summarised at the end
A few folk there had no problem opening up and saying what they really thought.
@@joeegg90 and those thoughts were quite scary
She's got a Chris Morris-eqsue ability to not just burst out laughing when these trolls say the most ridiculous shit. Good content.
It’s not me that put up the rent, it was my management agent. To quote Bob Dylan “ the executioner’s face is always well hidden”
3:15 poor guy, must be hard being a landlord at such a young age, working in landlording, lording the land every day from sunrise to sunset, and even sometimes after sunset ... Wankers
If you have taken out a mortgage to rent the house out, you have gambled rents against interest. You have only yourself to blame. It is a gamble, and gamblers sometimes lose. It's speculation on rates and rents. Too bad.
@@MrDesmondPot no landlord is stealing any ones money you are paying for the use of the provided accomidation with out the landlord where would you be living ?
I got 3/4's through the video, when i suddenly realised that those sociopaths and narcissists are also all landlords.
Well-meaning asset owners. Oxymoron? Please discuss.
It was sarcasm
Leeches.
Nice to see these kind of reports along side the studio based interviews and live shows. More of this please Novara.
Isn't it funny how every single one of them had their own way of saying, "What I'm doing is not bad, but also I am the special case that must be excused from doing good"?
They can sell up, increasing housing supply and stifling, if not reducing house prices which would benefit everyone.
Which would mean more less properties to rent, thus increasing competition and therefore overall rents can go up. Which means less people would be able to build a deposit in the first place.
You just need a government that will build more houses. But that doesn't benefit home owners/banks/investors, so it's not in their interest.
@@BumbleyBoo
less to rent, but more TO BUY! OMG!!!
You assume that they would be selling to prospective homeowners and not multinational investment companies if these small scale landlords sell up.
Larger scale investment companies will squeeze every penny out of tenants with no moral compass whatsoever because they're "just doing their job for the shareholders profits"
@@yellowgreen5229hink about the numbers though. You would need a wholesale exit of private landlords from the market to move sale prices.
So the house that went on sale instead of being rented would still be very pricey and out of the reach of many.
This needs structural change - either to the private tented sector or in terms of house building.
@@liampriestman4090 small or large, it is the same scam.
Homes Under the Hammer has a lot to answer for
No-one ever really fails on there. Even if they take twice as long as the plan, and spend three times their budget, no-one seems to have financially overreached.
Herding the sheeple
It's nice that yo do these features on landlords so we can see exactly who should be first up against the wall
I live a in a private-rented flat here in Darlington. My landlord has, since I moved here in 2017, taken about £25,000 in rent and spent maybe £300 on it. And the Tories call benefits recipients 'lazy scroungers'.
and for that 25,000 your landlord provided you with a roof over your head you have both benefited from the contract , also how much of that 25,000 did he actually get once their pay out all his costs ? if you thought you were being done over....why not just stay with mummy and daddy until you can buy somewhere...lol
You’re forgetting about your landlord’s monthly mortgage payments, insurance, licence and everything else. If you knew about these costs you would understand that its not all profit.
Is that what you're doing, living with mummy and daddy?@@jamesfox-vv8wu
2:14 Does not need to increase the rent, is aware what that might do to the renter during a cost of living crisis, yet does it anyway.
This guy is a classic sociopath💯 Good job, Rivkah. The guy walked right into it 😂
He's a capitalist. Sociopathy is just for fun.
"Have you ever considered giving your renters a reduction?"
"I should say yes... but no."
Yikes.
Don’t forget that his justification is that he’s part time (so almost economically inactive) and needs to keep his rate of consumption up at the expense of his tenants
To be fair basically everyone in their position would do the same.
@@jasonbaxter3658 thanks for revealing to all of us what your morals and values are all about…but be careful projecting them onto everybody else thinking you speak for them too…
Any one who voted Tory, Brexit or supported sanctions against Russia is reaping their rewards. Hope you all feel virtuous.
Worse still is the fact that if given the chance they’d do it all again - even with hindsight.
The classic moment when a man, entrenched in his beliefs, complains about others being entrenched in their beliefs.
I love Rivkah!! Well done for being so poised and charming when speaking to these horrible horrible people. I imagine there might be a few small landlords who are not quite so mean and greedy, but it does seem like most of them are lacking in humanity.
10:36 ugh! "Flexible labour force"... just say what you mean. You want workers poor and desperate enough that they are forced to "get on their bikes and find work" wherever they can, even if that means abandoning their homes and communities.
Then towns will moan about vagrants, travelling pple coming to their towns. The tories will eventually have little england to themselves cos they've gotten rid of europeans now they have to fight their own.
@michaelrch I've been a tenant and landlord...I rented when I relocated for work opportunities and rented my house out to others doing the same thing for work or study, as well as to a social tenant with housing allowance who's relationship had sadly broken down and needed a home for themselves and their children. Without a rental market I could not have had the option to pursue opportunities elsewhere...and we needed to because of losing work when the economy was not in a good place and companies going under or making people redundant or only hiring on time limited contracts, as well as wanting to find work that would help learn new skills and get on in life, and even to work overseas at times. Being able to rent gives flexibility. Some people actually want to move somewhere else, not just for work but social reasons, and renting provides an opportunity to try somewhere before committing to a long term relocation you are not sure about, either lifestyle or perhaps a new relationship...or sadly if a relationship breaks down. Having options is freeing, much more so than living in a society where it's very difficult to move once you have purchased or built a property, which I have done. People get trapped. Renting is a service and a necessary one. Landlords and renting is not the problem, too little housing supply of the right type at the right price for peoples incomes is the problem.
@@shelleyphilcox4743 "Without a rental market" we'd have a plentiful supply of socially-owned housing available for all. Private renting is pure capitalism: a lucky, ruthless few reaping benefits without contributing anything of value.
@@RebeccaTurner-ny1xx How would you manage people wanting to relocate in a system with just socially controlled housing and home ownership?
@@shelleyphilcox4743 Ask, "How does the working class tied to the finance corporations through mortgages manage to relocate when it involves selling and buying houses which is obviously really hard and expensive?"
They have nothing to fear because we let them live in peace. Nothing will change until Landlords fear the general public.
The tolerant left in full sight. Pol Pot would be so proud 😂😂😂
“We let them live in peace”. So scared right now, wooooooo 😂😂😂
@@alandbs329 you're banking on poverty and fear to motivate tenants find the money for rent increases by any means necessary. You've seen the mood out there... That motivation could just as easily turn to retribution against Landlords. Many people are on edge and about to snap. Keep being smug, nature loves arrogance like yours.
@@alandbs329when your opponent is mates with a character like Pinochet it pays to dress up in sheep’s clothing and cover up your cloven hoof
you turn on landlords because they want to make money providing you with a roof over your head ? you could always just stay at home with mum and dad until you save up to buy somewhere its your choice to rent privately surely ?
Sociopaths
I wish you had answered any comments of 'providing a service' with 'how many houses have you built then?'
They ain't providing shit, just hoarding stuff that other people, most likely the council built.
I feel sorry for the landlord who needs the rent income to retire. I will never retire because I have to keep paying rent.
Loser mindset. Buy. Problem solved.
@@alandbs329it not that simple for most people. You really must be stupid. To buy you have to save if your whole pay is going on rent and bills how can you save?. Not everyone has the luxury of living with Thier parents till there 30/40 to save up to buy a house. That the whole argument the landlords have trapped a whole generation into paying for Thier mortgages while the tennemts are unable to save for Thier own. When homelessness is your only other option besides renting what choice do you have. There just not alot of brain cells left in this country.
@@alandbs329 how? jobs aren't paying people enough money. We're in a living crisis that won't be going away anytime soon. This is going to be an endless cycle.
@@ITzzDecortgo back to living with your parents? Don't tell me they are tenants too. If they are then it's their fault for bringing you into this world without financial planning
@@ITzzDecortdude you live in the uk and can’t get money … thats on you i live I’m f ing Brazil a 3rd world country and can get 120k usd a year how people can’t get money living in 1st world country’s is beyond me
"It's tricky for landlords to offer a proper service." That is probably because owning something and charging someone to use it is not a service!
I mean, im renting but that's literally what a service means.
I think owning something and charging someone to use is the definition of a service
@@jasonbaxter3658it's like me owning all the rights of access to healthcare, and you not being able to buy access to it for a reasonable price because you don't have a certain amount of savings or net income on paper.
So I'll provide you the service of accessing it for a 40% premium which makes it near impossible for you to save money to buy your own access to it and further inflates its price.
Does that also sound like a service or does it sound like price gauging/scalping because the system has been designed that way?
@@jasonbaxter3658 I imagine you won't see the point because you are not able to logically see that the practice of being a landlord in a system with no competition and limited supply (a monopoly) can no longer be considered as a service when those 'requiring' that service have no choice but to accept it.
It cannot be a service unless there is choice, and there is no choice because no matter what in the current system as soon as housing growth is threatened, or the speculative bets landlords made bites them they will gatekeep, pass on the cost of their poor decision making, dump properties to limit supply and increase prices, along with lobby for pro-inflationary housing policy's and policy's aimed at limiting alternative supply (house building).
If you don’t want to rent from a landlord, leave. Same as if you don’t want your Netflix.
Boohoo that’s capitalism, you can’t always have investments that work, maybe sell up and do something you can handle
Capitalism without competition is Shylock Capitalism.
Capitalists always love the "free market", deregulation, and slashing taxes, then feel entitled to have the government's help ensuring that all their investments are profitable
Bohoo u can't afford a home even doing something you can handle.
'Becomming the landlord he wished hed always had'. The guys in his 30s with properties to rent out? Chances are hes never rented any accommodation and were gifted free money from family
He seemed the most humane of them but ultimately you know the properties were rented to companies and its not a typical renting situation
Probably talking about uni accommodation.
Yeah commercial property is a different thing and now with so much more WFH they can barely find companies to fill the properties.
he probably owns a lettings agency so no need to "own" the properties he rents out...did you think of that ?
Then blame your family for their poor financial planning.
Seeing journalism like this gives me hope we might actually reach a future where we can communicate in healthier non-toxic ways. It takes a lot of skill and energy to be able to conduct a fair interview with someone you openly disagree with ❤
My fav segment was the shouty guy in the england shirt opening with criticism for tenants " running to the government like mummy and daddy, government are not the answer " ... then concluding that it was basically all the governments fault and tenants should demand government do better.. 🤪 Sounds like renters and landlords do have something in common after all!
Nobody should be allowed to own more than one home. It's as simple as that. ( Given that so many don't have a home )
ideally id agree , there will be circumstances however when a bit of leeway is required , ie , parents in a care home, the kids do they keep the parents property / or perhaps someone unable to live independently due to illness be it mental or physical , do there guardians get the property for them ?
@@tomfinney3416 It would go into communal ownership.
In case you haven't noticed we don't live in a communist country.
@@hamzah3138 Store your shoes and clothes in one house. If you try riding two bicycles at once people will laugh at you !
@@josephclarke5319 Are you claiming that landlords earn the rent they are given?
I went to the Nation Landlord Investment Show myself. It was fantastic. In one of the side venues there was a range of white goods on display, washing machines, ovens, fridge freezers in various states of disrepair and functionality ready to install for your tenants. They even had pre damp-stained wallpaper with a wide variety of mold patterns. Great stuff. Bagged a great haul for my properties. Definitely going next year.
LOL but after seeing this video you could be genuine
@@hamzah3138charging my tenants half their earnings.
@@skyblazeeterno thankfully, it's just a bit, but I know how real it is for some.
Your comment KILLED ME 😂😂
what about magnolia paint? landlord special
"I'm perfectly fine ripping these people off. PS it's not my fault!" say almost all of them.
Then don't live in their homes. Go back to live with your parents.
What's really being described here is the desperation & the sheer terror that landlords are having, that they may one day have to go out & find a job!
So the Rockstar 'ethical landlord' lied in the same sentence.Said all that crap about not putting up rents and 3 year tenant contracts but in the same breath said they "only' increase the rent every year by 5%.so which is it?? No such thing as an ethical landlord, they are all predatory
Excellent, quality piece NM, well done. Rivkah is a pro. Loving the vox pops, don't be afraid to come out of the capital too! Reminded me of the excellent "bit" Ash did on the street around Brexit.
Thatcher created a rentier class.
I just randomly thought about the Itchy and Scratchy special episode "The Worker and the Parasite".
"All of those people are SO deluded!" says the man in the out-of-season England football shirt.
Rent controls and incentives to prevent properties being left empty would be a good start.
the incentive not to leave a property empty is being forced to pay 200% council tax for it even though no services are being used....lol
@@jamesfox-vv8wu How many empty housing units are there in the UK? It's in the hundreds of thousands if memory serves so evidently that isn't enough.
and if your memory servers you their are millions on the housing list and in temp accommodation instead of bitching about how bad things are get out and vote for a government that will change it the housing crisis we face today is the result of Thatchers right to buy scheme
@@jamesfox-vv8wu as if it takes time to write a sentence or two on here, with so many landlords as MPs I admire your optimism thinking voting will be enough
a few MP's being landlords is irrelevant i have no idea why you mention that , not every MP is a landlord the power in this country is held at the ballot box not parliament
What really annoys me, in the current economic climate; to get my modest (but very expensive, not "flexing" it's just very expensive for what it is tbh) 1 bedroom flat, I had to provide my credit rating, evidence of income/employment, a guarentor...pretty much everything short of dental records...yet the landlord has to provide absolutely no proof that they, for example, are in a financial position where they could weather a mortgage increase without say a 10% rent increase or the sale of the property.
if you think the system is unfair then your should of stayed with mummy and daddy then...lol
In the beginning there were landlords and water, and nothing else. Then the landlords out of pity and compassion created the land and tenants, and everything else, in 6 days and on the 7th day they rested…
The problem is that landlords have had a bonanza with low interest rates. Hoarding properties to extract high rents from tenants is going to go wrong for the landlords. The point these landlords are missing is that they are renting out the banks houses not their own and as soon as the banks demand higher rates the landlords will also lose their bonanza. Landlords like the one at 4.39, professional, a professional landlord, will survive, the landlords that have mainly financed their properties will lose out. at 10 minutes the landlord is actually increasing housing stock not hoarding existing homes. Landlord at 11.45 is deluded, any house that gets taken out of the rental market will then be available for some to buy a home. I would like to know how many homes he has 'built'.
You're going to get a lot more big company landlords and less individuals trying to make a side income. Which isn't a good thing. Big companies will make enough to ignore tenants. Individuals will notice when a tenant isn't paying, because the bills still have to be paid by someone. Which will lead to the quality of property/service going down and higher rents.
@@BumbleyBoo Big companies are easier to police and legislate than the smaller 'landlords' Maybe if these 'landlords' put the houses, that they cannot afford the high bank charges on, back on the market some people that are now tenants could buy those homes for themselves without paying a 10% premium to a 'landlord'.
the woman at 1:13 just straight up admitting to all that we say about landlords in such a blasé way is just... like the others at least tried to maintain some form of dignity by hiding it!
It needs to be illegal to rent out something you haven't finished paying off/don't 100% own because tricking other people to pay off your debts is theft.
Might as well apply the same to office blocks and shops
@@amjidali588 I don't see why not. I can't borrow your car then rent it out to someone else.
Good luck, comrades! You lads spend the next few years online here debating how you’re gonna change the system, the rest of us are out here grafting and getting ahead. Easier to just not play the game when you know you usually lose I suppose. Hopefully you both man up before it’s too late. 👌😂
@@alandbs329 I'm a landlord, I'm already playing 🤣
@@alandbs329 Spoken like a true unemployed bum. "Grafting" is just code for not having a job.
This highlights how we are in a, "I dont care about your plight," society. My sister has not put up her rent. Greed is ugly.
you seem to think people rent properties for the good of the renters....they rent it to make money if they did'nt buy it to rent what would the renter rent then ??
He had 25 properties and is still claiming poverty… he is in his own little fantasy world !!!!
Presumably they mean that they don't have much actual cash... also presumably, because whenever they do they go and buy a house with it.
you seem to think just cause you have an asset you must be rich....you can have a £1million house and still be poor in cash....you cant take a brick to buy a pint of milk.,...lol
The bank owns most of them, he just has his name on them till he pays the hostage fee
Novara at its best. More of this please!
Buy to let landlords will suffer more than others. Listen to the woman in green blaming the agents.
Parasitic practice is a key skill of the ardent capitalist. Seeing people as mere monetary units, you need to re humanise yourself.
Seize private rental properties via government mechanisms and sell them to first time buyers
That would be a policy that would ensure my vote
Think you should move to Russia.
That communism, in Australia government wants to own 40% of your home
25 properties as a very base level of £500 is over £12k. That’s half my yearly wage.
more than likely double or treble that
The guy at 2.30 'I didn't have to put the rents up, but I was following market trends' (???) WTF is wrong with these people?!!? Effin shameless!
following market forces is the excuse businesses also use for keeping your wages low. I used to work at Waitrose and I think someone in the companys magazine challenged the companys pay ( they pay above minimum wage but NOT the living wage) and the answer was that they follow the market. Waitrose abandoned the employee magazine because I think they realised people were getting too pissed off
i would ask if you get paid 30k a year for your job and some one else offers you 35k do you go or stay earning 30k ?....this is market forces.,...you would be dumb are fook to stay in the 30k job....lol
"most small landlords are desperately poor" - i think that was the cocaine talking there.
The women in green was utterly disgusting but the real monsters was the management women who talked with glee about doing the dirty work of landlords and how great it was, she was pure sadistic and truly utterly monstrous.
She seemed to become slightly aware of where this was going toward the end, but it was clear that she was happy to be the one remorselessly protecting their customer from the implications of what they were doing.
It's so funny this was posted as I had seen another you tuber cover this event and interview some of the attending landlords and some of the interviews they gave were just so crass and/or insensitive.I was immediately thinking what Novara (and in particular Michael) would make of it all! Rivka's interview technique was brilliant throughout.
With smiles on their faces.
“They can be replaced very easily” WTF??? Is she seriously talking about tenants?
Yes. The world is cruel, get over it or sit crying.
@@vickyparker7759 I think you’ve misunderstood me. I was shocked by the fact that she replaces them when they can so easily be exterminated 🤷♂️
Surely an infestation of poor tenants is no different from one of rats or fleas?
I can tell you’re the sort of person who’d agree 🙏
@@mdb3040 I didn't misunderstand you. Extermination of anyone is wrong, my point is you can be idealistic or realistic, which is why I said the world is cruel, get over it or sit crying.
Rent should be capped at a percentage of the average wages available in the area where the property is located
A landlord acting straight away to fix repairs. 😂
Absolute ghouls
While most of the landlord’s rhetoric on display here is unsettling, those spreading the vitriol here in the comments should keep in mind that given half a chance to become a landlord themselves, they would take it in a heartbeat.
BRILLIANT interviews. Absolutly perfectly executed.
Obtaining unearned income while everyone else has to beg, borrow or steal. That is the crux of being a landlord today.
@@catscan2022 Taking care of something you own is not a job.