spyguy Posted July 20, 2013 Share Posted July 20, 2013 Its too early. I read the URL as Homo daddy. What a load of cr.p. What a load of useless d1cks in the banks for lending to him. End of the day social housing involves offering a very expensive service (housing) to people with no money, hoping the DSS will step in and underwrite it. LA housing benefit is being reduced by 5% to 10% a year for the forseeable future. Its an effort to align social rents with local wages after Labour totally screwed prices by paying the average, which caused social rents to accelerate. Reading the webpages: 'In other words HMO Daddy can help you to get started by acquiring for you your first, or even a portfolio of HMO properties. HMO Daddy has also produced ready made packaged deals for investors to buy which give returns on your investment of up to 55% if you manage the properties yourself, or returns of 42% fully managed, with HMO Daddy doing all the work for you.' Offloading his portfolio. I'd like to see the figures that went into calculating those returns. Where's the mention of voids FFS? Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 20, 2013 Share Posted July 20, 2013 (edited) Where's the mention of voids FFS? He did admit in the show that it could take a long time to fill a house. Lets face it, if you end up in a HMO Daddy house its a last resort. And for the rent he's charging its unlikely to be attractive to working people as you could get a flat for the same money (not in London and SE obviously). Edited July 20, 2013 by Secure Tenant Quote Link to comment Share on other sites More sharing options...
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