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Btl Scum Regrouping And On The Offensive. -- Merged


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9 minutes ago, Pumpkin Muad'Dib said:

Other people will have their own take on it but mine is that we need to hear as much as possible from Dross Bosher. As has been pointed out on here more that once she is a non-stop PR disaster for buy-to-let. With a bit more profile she could be the next Fergus Wilson. If anyone wants to see fewer Get Rich Quick merchant leveraged landlords then they could do a great deal worse than simply letting Bosher be Bosher.

While I don't see anything hateful in calling leveraged BTL landlords parasites (it is merely stating a fact), I agree that Dross should be supported and encouraged as she is a PR disaster.  

For any poverty 118 mad gainz krew that may be reading this: I am joking, I am afraid of consequences of Ros's letters and Fergus's evictions.  If you send me a packet of fags and a can of stella, I'll write a letter to my local MP as well.

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Dont really know either, but PT seems like one of the more responsible BTL news-info sites, and forums - in very murky world of property.    There are many property vested interests on murkier si

Although all that 'creating personal brand' pushing many of the BTLers are into... / have been into for years and years. It's used by many other sectors in a similar way - there's a lot in self-p

Previous video in the link below (Landlord 29 years 'experience / greatness'), for anyone who didn't see it first time around + latest round of other BTL comments, although I skipped the ones by PB.

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6 minutes ago, Bear Hug said:

While I don't see anything hateful in calling leveraged BTL landlords parasites (it is merely stating a fact), I agree that Dross should be supported and encouraged as she is a PR disaster.  

For any poverty 118 mad gainz krew that may be reading this: I am joking, I am afraid of consequences of Ros's letters and Fergus's evictions.  If you send me a packet of fags and a can of stella, I'll write a letter to my local MP as well.

I accept that it's just my take on it, but I think there's some space between, on the one hand, commentating here on a public figure and stating that they belong to a group of people whose economic behaviour is parasitical and, on the other hand, contacting an individual to tell them that they are a parasite. IMO there's enough space to draw a line and that we ought to stay on the right side of the line.

I'm totally cool with saying here that the PovertyLater muppets are parasites.

However, as all the other muppets gradually fall silent there's a danger of a legitimate disagreement with the position adopted by a group turning into the haranguing of an individual. Bosher is in danger of being singled out because of Bosher's conduct; The Bosh won't stop writing dross and sending it out into the world. That conduct  is consistent with The Bosh being the most deluded of a group of pretty deluded people; she appears to believe that there is a way she can get section 24 repealed before it blows up her mad empire of leverage by writing angry emails and a 'report'. That's nutty. I'm willing to have a laugh about it, but when dealing with someone so manifestly overwhelmed by their circumstances there's a danger of looking bad if you take it too far.

Given that The Bosh is happy to disparage us and our motives, I reckon that The Bosh is fair game for being treated as a comedy turn here, but that's as far I am willing to go. If the The Bosh doesn't like it, she doesn't have to come here and read it.

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1 hour ago, Pumpkin Muad'Dib said:

I accept that it's just my take on it, but I think there's some space between, on the one hand, commentating here on a public figure and stating that they belong to a group of people whose economic behaviour is parasitical and, on the other hand, contacting an individual to tell them that they are a parasite. IMO there's enough space to draw a line and that we ought to stay on the right side of the line.

I'm totally cool with saying here that the PovertyLater muppets are parasites.

However, as all the other muppets gradually fall silent there's a danger of a legitimate disagreement with the position adopted by a group turning into the haranguing of an individual. Bosher is in danger of being singled out because of Bosher's conduct; The Bosh won't stop writing dross and sending it out into the world. That conduct  is consistent with The Bosh being the most deluded of a group of pretty deluded people; she appears to believe that there is a way she can get section 24 repealed before it blows up her mad empire of leverage by writing angry emails and a 'report'. That's nutty. I'm willing to have a laugh about it, but when dealing with someone so manifestly overwhelmed by their circumstances there's a danger of looking bad if you take it too far.

Given that The Bosh is happy to disparage us and our motives, I reckon that The Bosh is fair game for being treated as a comedy turn here, but that's as far I am willing to go. If the The Bosh doesn't like it, she doesn't have to come here and read it.

Well yes, but it would be hard to argue with Bosher's own assessment of herself, and as we well know, the good Dr. once described herself as too sycophantic to work for someone else.

Your honour, I present to you:

http://www.dictionary.com/browse/sycophant

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I find it scary. Blair surely must be part of the illuminati/PTB/elite whatever you want to call them. You would think he would have been informed if there is to a HPC yet still he is buying.

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Exactly so @Pumpkin Muad'Dib.

My only interest in Bosher is that she took a very long time to understand the Budget (see their main thread over there), and has since become one of the leading anti-S24 campaigners in trying to get S24 reversed.   So much so that she claims both her and colleagues know more about Section24 than anyone else (although seemingly all from their own vested interest perspective, including reports where BTLers own/debt on 10+ homes each, on the rent out).

Followed all BTLing positioning (Petition/HitList, the Judicial Review attempt... thrown out.... the big campaigning with media/letters..... and now Bosh vs HM Treasury.... the power of the land) very astonishing and very interesting to follow.   Comedy, but so very important as well, to those of a HPC mind hoping for better market value to come, and for BTLers to begin selling up properties they have laid claim to.  

Seem to recall some PovertyLaters getting carried away on how HPCers won't be so happy 'when we get Section24 overturned', back in 2015/into 2016.   

Many a HPCer wrote in to BoE and MPs to push back during HPI++++/BTL double-down glee years to BoE, but got short-shrift.   Now BTLers can experience how power works.  

That's where my interest in Bosh & Busta etc ends, apart from knowing their market position has and is firmly against my own market position, and where I welcome Section24, they want it overturned.   It's not acceptable to be sending any message or private messages to any BTLer slating them on the individual level, and I'm sure that is the case for HPCers in general.   Although the BTLers campaign against S24 had attempted maximum reach (including Busta telling people on Twitter to protest for 'risks bringing down value of house prices'.)  Any non-HPCers positioning nastily to individual BTLers are over of line, I would push back against them directly if I witnessed it, and also make it clear here that it is wrong.

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Dr Rosalind Beck says:

24/07/2015 at 22:24

I have been blissfully unaware of this HPC thing. Just looked at the site because a few people had mentioned it and it looked a bit boring. They want to get a life if they have to keep checking on what we’re saying. They must find us very interesting. But the feeling isn’t mutual. I won’t be looking at it again.
I have come across this phenomenon before though on a site discussing Spanish house prices – some people wanted to make sure they got the best possible bargain when the house prices had completely bottomed out. They were frantic about it; a very nervous, risk-averse type – they’d wet themselves if they found out after buying that they’d spent a penny more than necessary. So, of course, they probably never bought anything in the end.
Some of them are quite jealous, too, of course and bitter and vengeful. Personally I don’t give a bee baa boo if someone has got more money than me – but for some this is disastrous. And if you think about it, these are the supporters of the kind of anti-landlord campaigns run by Shelter and so of course they’re over the moon at this Budget proposal, which has pandered to their psychological problems and feelings of failure, perhaps (can’t generalise too much, as all kinds of psychoses and sociopathies could be at play here). Obviously, they haven’t thought about all the people, maybe some of them included, whose rents will go up and who may find themselves homeless when the landlords go bust. Yeah. Really clever.
Ah. I noticed one thing. They do think they are really clever. I saw some comments suggesting they think they are the intelligentsia and we are some kind of dullards. I’d be happy to compare certificates with them!
I didn’t see the sexist stuff, luckily.

https://www.property118.com/budget-2015-landlords-reactions/76164/comment-page-114/#comment-59655

We kept tabs on PovertyLater along with so many other BTL forums - and so many individual BTLer/HPI glory market participants, for many years before Section24 was even announced, to see the minds and reasoning of those buying up all the homes, doubling down to capture "Generation Rent Forever" often at very high prices, to rent back to us.

In fact days before Section 24 was announced Busta was over on HPC, with a view he looks in for time to time, to see how we think, for some of us might one day become his tenants.

Maybe some BTLers should have made themselves aware there are those with time to analyse all things BTL, and that others gathered to pushback, in what has been a severe housing financialistion crisis.   And when they do finally look in (after Section24) maybe they should look upon themselves, rather than misunderstanding what most HPCers are about.   

HPC is not about jealously, bitterness etc... (I simply like the Venger from the cartoon, for his confident purpose, cunning, energy and his general swagger.).  

HPC is many positive things for many different people, and for me it's about hope.   Hope of a societally positive better future where housing is more affordable - and - if landlordism still has to exist into the future - where there is far more security of tenure, better rights and standards for tenants... and far fewer BTLers can't just 'be happy to know they hold the power to hold to evict quickly' if tenant makes a complaint, or wants a repair, or is simply not in the mood to be all happiness and big smiles to a landlord, if and when they interact (sound familiar?).

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Dr Rosalind Beck says:

29/04/2017 

You may be right – I admit I am not a historian of tax law; in fact I had zero interest in anything pertaining to tax before Section 24 was announced and so I took the word of ICAEW that it was centuries old rather than over a century and a half old. I would imagine finance costs in rental businesses were not deductible (if indeed that was the case) because there was no such thing as the buy-to-let mortgage until much later than 1963 so most landlords would have owned one or two properties outright unless they were very rich and owned even more properties outright. 

https://www.property118.com/joseph-rowntree-foundation-report-prs-lessons-ireland-landlords-perspective/98046/comment-page-2/#comments

Business people?  Providers of homes?   BTL unregulated debt.   Tax advantages over would-be FTBs/OOs.   IO advantage/financing advantage over would-be OOs.

There was a lot to make yourselves aware of. 

And of course we follow the BTL forums because so many property-investors there who have been outbidding us for homes, for so many years.... and many who chose to buy up lots and lots of properties.   Going into EAs, arranging viewings, and paying a price that many would-be OOs unable to afford.

Of course there is a housing shortage, but not helped by my own landlord and people like him having laid claim to 5 houses.  No housing shortage for them, just creating the housing shortage to 'provide homes', having outbid would-be owners for years/15+ years.   BTLers have been creating the housing shortage because of their own demand to own multiple properties.  

And it's all your unregulated BTL debts.  You chose.  Your decision.  World around you.  Your splendid 'risk' ('that I should always be rewarded for').

 

 

 

On 10/22/2015 at 2:20 PM, Neverwhere said:

..MMR-constrained first time buyers who have been out competed on price by leveraged investors using high risk interest only buy-to-let financing do not benefit from the tax arrangements available to owner occupiers and so these are irrelevant.

The only tax arrangements that are relevant are those that apply to financing costs and first time buyers are still at a disadvantage as they still have to pay theirs entirely out of taxed income and with no tax reliefs, whereas leveraged buy-to-let investors are still going to be able to claim a 20% tax relief on finance costs.

There is a strong argument to be made that this remaining tax break should be phased out as well.

Sorry to disappoint but far from some irrational and emotive personal dislike this is simply an overriding conflict of interest: we (people in general) want to own the homes that we live in and you (landlords in general) want to own the homes that we live in.

Both groups can't reach a mutually satisfactory arrangement because the two positions are mutually exclusive: the more landlords get what they want (our homes) the more people in general are denied what they want (their own homes).

Unless you're all planning on irrationally demolishing your investment properties there is no reason whatsoever to think that the government being slightly less encouraging towards leveraged property investment (remembering when all is said and done there is still a 20% tax break on offer for such) will lead to any increase in homelessness.

Claiming that it will is both illogical and an implicit admission that your own fate - as a leveraged investor who has been, up until this point, profiting off the back of high risk deals that you chose to make with bankers of your own free will - is unlikely to bother anyone at all.

 

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11 hours ago, Venger said:

HPC is many positive things for many different people, and for me it's about hope.   Hope of a societally positive better future where housing is more affordable - and - if landlordism still has to exist into the future - where there is far more security of tenure, better rights and standards for tenants... and far fewer BTLers can't just 'be happy to know they hold the power to hold to evict quickly' if tenant makes a complaint, or wants a repair, or is simply not in the mood to be all happiness and big smiles to a landlord, if and when they interact (sound familiar?).

Can't find the PovertyLater post.... recall keywords such as 'comforting to know power evict...  '

Then back on HPC, some very good posts just going to show what crappy situation is it for many tenants, and how ludicrous it is investor-landlords hold so much power over tenants simply for buying houses to rent out with BTL mortgages (and having outbid many would-be OOs along the way imo).   Asking whether the landlord/BTLer would like to have this power held over them.

Landlord power over tenants, and even at risk of losing the rental/being evicted, simply from not being sycophantic to a BTLer, and BTLers slighted from a position of being Total Boss.

One example but not as sharp as the other one I had in mind.... (and wish I could recall HPC responses to that).

Quote
Quote

....There aren’t major problems, but he never managed to setup standing orders(breaking AST), never giving ASAP notice for repairs (breaking AST). He shows aggression, poor communication and a rude attitude treating me like his servant etc.

Recently he refuses to make phone or applications for a government backed free boiler scheme. etc, after reporting heating from boiler not working two months later and being instructed by me to do a free boiler application.

I now want to consider evicting them out of the property, as they are very difficult to work with on a reasonable level and have an inappropriate attitude and manner.

Dr Rosalind Beck says:

22/09/2015 at 13:23
I think it is worth sending them a letter explaining the things you are not happy about (although someone here may say you shouldn’t for legal reasons). I find sometimes if you give someone a good talking to they start behaving themselves. Some people have been brought up to be rude but can be brought into line. I would also say part of this is he has to agree to put in the boiler application – but I would fill it all in for him and just get him to sign it – it might be the thought of the paperwork that is serving as the block.

https://www.property118.com/how-best-to-cleanly-and-amicably-remove-tenant-after-6-month-ast/80861/
----------------

Richard York says:
25/09/2015 at 12:59

“He shows aggression, poor communication and a rude attitude treating me like his servant etc.”

I don’t condone being rude, but I do think realising he is a paying customer is important.

“Recently he refuses to make phone or applications for a government backed free boiler scheme. etc, after reporting heating from boiler not working two months later and being instructed by me to do a free boiler application.”

… So you’re treating him like a servant now by instructing him to do things? He really is under no obligation to do this, but you are under an obligation to fix the boiler.

Frankly, I don’t think there is any way to issue a section 21 “cleanly and amicably”. How would you feel if someone removed you from your home? Just go ahead and do it as a business decision. It sounds like you are justifying it to yourself. Just remember you’re kicking someone out of their home. You don’t mention how long they’ve lived there in the past.

And if they’re paying rent on time – even if not by standing order – and looking after the property, what’s the problem? You could get far worse. Don’t let your ego get in the way of a rational business decision and evict them because it sounds like you haven’t clicked with them. They don’t have to be your friends.

 

Although one sensible reply from another BTLer.  

However no housing-law qualifications required to become a BTLer / (apply-take a BTL mortgage), to rent out houses to other people.  

Always been open to any would-be people farmer, in the continued double-down to buy up houses in supply-and-affordability crisis.

Quote

 

24 October 2015 15:30
Michelle Donelan – Member of Parliament; DONELAN, Michelle
Subject: Proposed Tax Changes For Buy To Let Landlords

Dear Martin,

Thank you for your email, although I the tone was perhaps a little impolite.

I am afraid I disagree with you and think it is right that the Government restricts the relief on finance costs that landlords of residential property can get to the basic rate of income tax.

The current tax system supports landlords over and above ordinary homeowners. We want to get more people to have the security of home ownership. Currently, landlords can deduct costs they incur when calculating the tax they pay on their rental income. A large portion of those costs are interest payments on the mortgage. Mortgage Interest Relief was withdrawn from homeowners 15 years ago. However, landlords still receive the relief. The ability to deduct these costs puts investing in a rental property at a huge advantage.

Tax relief for finance costs is particularly beneficial for wealthier landlords with larger incomes, as every £1 of finance cost they incur allows them to pay 40p or 45p less tax. At a time when the Government needs to increase revenue and reduce spending to get the public finances in shape I think that it is right and fair that wealthier landlords do not get a significant tax break like this. It is worth noting that the Bank of England has also noted in the recent Financial Stability Report that the rapid growth of buy to let mortgages could pose a risk to the UK’s financial stability.

To mitigate against the changes, the restriction will be phased in over 4 years, starting from April 2017. This will reduce the distorting effect the tax treatment of property has on investment and mean individual landlords are not treated differently based on the rate of income tax that they pay. It will also shift the balance between landlords and homeowners.

Best wishes,

Michelle

https://www.property118.com/clause-24-and-housing-choice-an-open-letter-to-labour-mp-rob-marris/82097/comment-page-2/#comment-67535

 

 

 

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2 hours ago, Venger said:

Can't find the PovertyLater post.... recall keywords such as 'comforting to know power evict...  '

Then back on HPC, some very good posts just going to show what crappy situation is it for many tenants, and how ludicrous it is investor-landlords hold so much power over tenants simply for buying houses to rent out with BTL mortgages (and having outbid many would-be OOs along the way imo).   Asking whether the landlord/BTLer would like to have this power held over them.

Landlord power over tenants, and even at risk of losing the rental/being evicted, simply from not being sycophantic to a BTLer, and BTLers slighted from a position of being Total Boss.

Got it.

*Memory still pretty good* - even though makes me shiver.

Still big into lead Anti-Section24 BTLer 'qualities' EC?

On 12/12/2015 at 10:18 AM, mattyboy1973 said:

Comment from Ros:

Quote
 

Thanks SL. The main worry is always the possibility of being stuck with a rogue tenant for longer than absolutely necessary. In practice, I only ever give notice for non-payment, and once in a while for an abusive attitude towards me. So good tenants tend to have security of tenure anyway and until recently had static rents.

https://www.property118.com/budget-2015-landlords-reactions/76164/comment-page-643/#comment-69502

 

The irony of this statement, of course, being that what she describes is the exact opposite of "security of tenure", in that every now and then she just kicks someone out because she doesn't like them.

http://www.property118.com/budget-2015-landlords-reactions/76164/comment-page-643/#comments

BTLers bossing other people's lives.  Security of tenure?  Yeah right.  'Good talking to / bring them into line'

I've seen the positioning politically with suggestions from left-leaning BTLers of joining Conservatives party to influence leadship vote, and more recently, 'blackmail' (although not really blackmail but not very nice positioning) on MPs' positions to try and influence things BTLer way.  (Can't recall full details but only a few pages back.).   

And the HPCers follow up posts..... :)

On 12/12/2015 at 10:37 AM, Pumpkin Muad'Dib said:

Also suggests that the comfort the leveraged landlords at Poverty11Later take from the good relationship they enjoy with their tenants may be unwarranted.

Tenants know that as there is no security of tenure being straightforward with your landlord ("Actually, Bos, I think you are a parasite and I'd rather not keep up the pretence of a positive relationship - I'm prepared to be civil, but we shouldn't get carried away, you are, after all farming me for a capital gain") is pretty pointless. Slightly disingenuous to pretend to get on well with someone you think is an amoral idiot, but what's the practical alternative?

 

On 12/12/2015 at 10:56 AM, Neverwhere said:

More disingenuous to pretend that someone who you will evict from their home if they don't get on well with you, genuinely gets on well with you.

 

On 12/12/2015 at 0:09 PM, Dorkins said:

So often on social media you see landlords saying something to the effect of "I get on famously with all my tenants, they tell me what a great service I provide and how they're not at all interested in buying a place". They seem totally oblivious to the possibility that they are just being told what they want to hear. When somebody has the power to put you and your loved ones on the street you're hardly going to tell them to their face that you see them as a worthless parasite and would dearly love to get away from being farmed by people like them if only you could afford it.

BTL landlords are a funny bunch, they generally seem to be worse than average at dealing with or understanding other people.

 

On 12/12/2015 at 1:12 PM, Neverwhere said:

Being prepared to price people out of owning their own homes by leveraging their own wages against them (and arbitraging the difference between what the banks will lend you in the unregulated investor market, and what they will lend your prospective tenants in the regulated consumer market) so that you can then demand said wages from them and evict them from their homes at your whim would seem to self-select for such traits.

 

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13 minutes ago, Lavalas said:

Bit of variation from Hypestat's valuation:

property118.Com - Info property118.com

property118.com receives about 1,400 unique visitors and 2,380 (1.70 per visitor) page views per day which should earn about $11.20/day from advertising revenue. Estimated site value is $6,422.36. According to Alexa Traffic Rank property118.com is ranked number 268,194 in the world and 0.00028% of global Internet users visit it. Site is hosted in San Francisco, CA, 94107, United States and links to network IP address 104.24.29.70.

 

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13 hours ago, Venger said:

Got it.

*Memory still pretty good* - even though makes me shiver.

Still big into lead Anti-Section24 BTLer 'qualities' EC?

BTLers bossing other people's lives.  Security of tenure?  Yeah right.  'Good talking to / bring them into line'

I've seen the positioning politically with suggestions from left-leaning BTLers of joining Conservatives party to influence leadship vote, and more recently, 'blackmail' (although not really blackmail but not very nice positioning) on MPs' positions to try and influence things BTLer way.  (Can't recall full details but only a few pages back.).   

And the HPCers follow up posts..... :)

 

 

 

 

Why do they need to feel liked and respected?

There will always be landlords. I see no point in hating all of them, nor according them any special regard.

But... I DO hate the high leverage tax-break riding non-working 'apply for a free boiler' ultimate yield chasing "savvy business person of the month" brigade... yes, them I hate.

One of SWMBOs Aunts is one and so is  probably on 118. Thinks she is a genius for letting leveraged property to people with disabled kids, getting a raft of free improvement grants, then putting the rent up until they can't afford it, then kicking them out.

I detest her to the extent the mere sight of her smiling makes my knuckles itch & actively avoid being in her vicinity.

Quite divisive, this scumlording lark.

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1 hour ago, disenfranchised said:

There will always be landlords. I see no point in hating all of them, nor according them any special regard.

How do you feel about their brethren the pimps, fraudsters, racketeers and conmen?  

We'll probably never truly be rid of them either.

Is it something about holding land ransom that makes it somehow more tolerable than other kinds of extortion?  Is a protection racket still a protection racket if you have a special permission slip from the land registry?

Edited by DrBuyToLeech
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1 hour ago, disenfranchised said:

One of SWMBOs Aunts is one and so is  probably on 118. Thinks she is a genius for letting leveraged property to people with disabled kids, getting a raft of free improvement grants, then putting the rent up until they can't afford it, then kicking them out.

I detest her to the extent the mere sight of her smiling makes my knuckles itch & actively avoid being in her vicinity.

Quite divisive, this scumlording lark.

That's nasty. Is there any hope that she might be eviscerated by section 24? 

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https://www.property118.com/general-election-8th-may-earth-landlords-vote/97686/comment-page-30/#comment-90291

 

I have increased my rents in a HMO in Liverpool and it is now down to 2 tenants.

There is a glut of singles and doubles in our market.

Double Rooms @£70pw / singles @ £63 pw.

The others have left for landlords offering rooms at a lower cost.
They don’t appear to be licensed either, unlike us.

My choice is to reduce my rents, sell or subsidise the property in the short term, until my competition gets their first tax bill under section 24.

(My other competitors are corporate building thousands of student lets).

# vote UKIP

Poor Gary!

I recall him coining the term "tenants pay for everything". I reckon his Mrs had to cancel her saloon appointment and that's going to have direct impact on the economy. 

Why there are no mention of HPI report in any of the LL forums? Are they so dumb that they don't bother about the underlying capital of their investments are depreciating?

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2 hours ago, hi5lo5 said:

https://www.property118.com/general-election-8th-may-earth-landlords-vote/97686/comment-page-30/#comment-90291

 

I have increased my rents in a HMO in Liverpool and it is now down to 2 tenants.

There is a glut of singles and doubles in our market.

Double Rooms @£70pw / singles @ £63 pw.

The others have left for landlords offering rooms at a lower cost.
They don’t appear to be licensed either, unlike us.

My choice is to reduce my rents, sell or subsidise the property in the short term, until my competition gets their first tax bill under section 24.

(My other competitors are corporate building thousands of student lets).

# vote UKIP

Poor Gary!

I recall him coining the term "tenants pay for everything". I reckon his Mrs had to cancel her saloon appointment and that's going to have direct impact on the economy. 

Why there are no mention of HPI report in any of the LL forums? Are they so dumb that they don't bother about the underlying capital of their investments are depreciating?

Haha. I remember him saying that too.

Another P118er getting a painful lesson in how markets work. I don't normally indulge in schadenfreude but I might make an exception for a landlord who believes that it's OK to shout and swear at tenants for having the temerity to complain about damp etc. Really could not happen to a nice chap...

Not long now till Busta gets notice from his tenants too; I seem to remember he was delivering their rent increase letters to coincide with the start of Section 24 in April. In fact I've noticed he's been pretty quiet recently...

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12 hours ago, DrBuyToLeech said:

How do you feel about their brethren the pimps, fraudsters, racketeers and conmen?  

We'll probably never truly be rid of them either.

Is it something about holding land ransom that makes it somehow more tolerable than other kinds of extortion?  Is a protection racket still a protection racket if you have a special permission slip from the land registry?

Are you here from Momentum to persuade me to vote for comrade Corbyn?

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7 hours ago, hi5lo5 said:

https://www.property118.com/general-election-8th-may-earth-landlords-vote/97686/comment-page-30/#comment-90291

 

I have increased my rents in a HMO in Liverpool and it is now down to 2 tenants.

There is a glut of singles and doubles in our market.

Double Rooms @£70pw / singles @ £63 pw.

The others have left for landlords offering rooms at a lower cost.
They don’t appear to be licensed either, unlike us.

My choice is to reduce my rents, sell or subsidise the property in the short term, until my competition gets their first tax bill under section 24.

(My other competitors are corporate building thousands of student lets).

# vote UKIP

Poor Gary!

I recall him coining the term "tenants pay for everything". I reckon his Mrs had to cancel her saloon appointment and that's going to have direct impact on the economy. 

Why there are no mention of HPI report in any of the LL forums? Are they so dumb that they don't bother about the underlying capital of their investments are depreciating?

What an absolutely delightful read. Thanks for sharing, it's made my day.

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9 hours ago, hi5lo5 said:

Poor Gary!

I recall him coining the term "tenants pay for everything". I reckon his Mrs had to cancel her saloon appointment and that's going to have direct impact on the economy. 

Why there are no mention of HPI report in any of the LL forums? Are they so dumb that they don't bother about the underlying capital of their investments are depreciating?

Hehe.  Good find.  Now that is amusing.

HMOs.  Houses of Emptying Occupation. 

7 hours ago, oatbake said:

Haha. I remember him saying that too.

Another P118er getting a painful lesson in how markets work. I don't normally indulge in schadenfreude but I might make an exception

It's just about all I recall him posting about in multiple posts and reports.

XkBpGJbj.jpg

 

Quote

 

Any Landlord that has borrowed money for a house will be passing the additional tax onto their tenant. They have no choice,they are a business not a charity.

Those that can’t will simply go bust or QUIT!

Do you have a million replacement landlords hidden somewhere?

Do you have a million replies ready as hundreds of thousands of benefit claimants are evicted wholesale on to the streets as the private rental market implodes?

If you think you have a housing crisis today, what makes you think it’s going to improve, as HMRC applies tax rates on a turnover to a bank, (currently an expense with a 100% tax relief) and changes it to another class of income with a tax relief of just 20%?

Are you prepared to see your constituents pay my tax rate of 40% on the remaining 80%?

Landlords dont pay any income tax, their tenants do!
They pay for my holidays, my toilet paper, my car, my pension, my lunch and my bicycle tyres.

All additional costs will come from rent.

Facebook link source

 

 

Then the 81 page 'report' 

https://www.property118.com/scary-stuff-youre-tory-mp/96118/

And scrolling down, the 2 PDF Letter To Tenants.....  'rent-rises' and so on, tenant 'awareness' and what they can do.

(23 properties...)

4 pages https://www.dropbox.com/s/z1pl497rw4ffoze/Section24 Letter To Tenants-Part 1.pdf?dl=0

89 pages https://www.dropbox.com/s/rp8udi1xyy4f9sd/Section24 Letter To Tenants-Part 2.pdf?dl=0

Edited by Venger
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Found myself on a Facebook HMO page the other day....

https://www.facebook.com/groups/housesofmultipleoccupancy/

There could be some interesting info on there.

Had a few exchanges with Lisa below (hehe Section 24) on Twitter in the past.  She is a Mortgage Sourcer/Broker (and seems good and informed at that side of things), and BTLer.

 
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21 hours ago
 
Spoke to a client today buying their first B2L.

Advised to buy in a Ltd Co by the accountant; not incorrect advice from a tax saving and inheritance perspective if these were the priority.

However comparing the cheapest 2 year fix that they wanted in their own name to that in a Ltd Co the difference was almost £5,000 over the two years!

That doesn't account for the loss of £22k current CGT allowances and additional accounting costs plus potentially more tax when trying to extract it from the company.

I reiterate that while Ltd Cos have their place it is not always a good decision.

Start with the question; if it wasn't for C24 would you still buy in your own name?

If you would then the sums you need to do are the mortgage interest relief tax savings versus the increased finance costs.

 

 

 

Quote

9 hrs
Liverpool City Council recently approved plans to limit the number of HMOs in parts of the city where they are rife, including Smithdown and Ullet Road.
The ‘HMO Strategy’ has given the local authority greater powers “to influence and limit” new HMOs and to buy up and refurbish housing which it believes is “in danger of unsuitable HMO conversion”.

 

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He confirmed it is their official position now that a house of predominantly lockable ensuite rooms on separate tenancy agreements would almost certainly fall under the 6xA banding.

 

Ah even Ros Beck there, writing more letters.

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Rosalind Beck shared a link.
1 May at 05:32
I just sent the following to the BBC journalist Mishal Husain, with regard to the report she wrote, below. I hope the email address I found for her works:
Dear Mishal.
I and other landlords were disappointed with the above article which we found was not probing and therefore did not get to the central points we feel should have been covered. I speak as a landlord at the sharp end of relentless vilification in the media and by politicians and as someone who is often blamed for other people's choices.
Specifically, I felt you should have asked the interviewee how much the Las Vegas wedding had cost and why they had chosen to spend their savings that way. That would have made it clear they had chosen to spend money which could have gone towards a deposit on a home.. You could have also asked how come they hadn't managed to save while earning £40,000 and living in his parents' house. Most people could get a deposit together very quickly in that scenario. You also didn't ask why they chose to believe their first owned home should be a £200,000 house and not a £50,000 flat, say (which, I am informed, is an option in that area - as it is in my own area of South Wales). You didn't address therefore the underlying assumptions of entitlement and how they served as a block on the 'younger generation' achieving their goal of home ownership.
Because the necessary, probing questions were not asked I found the article predictable and frustrating, and its argument ('it's nigh on impossible for the younger generation to get a foot on the ladder and this is caused by external factors') flawed.
I would like to hear your view on this feedback if possible or better still, see another article appearing which does ask these kinds of questions and doesn't just accept the stereotypical view that in these days of rock bottom interest rates it is impossible to purchase a home even when you have a regular salary and live where there is some very cheap housing.
All the best.
Dr Rosalind Beck

http://www.bbc.co.uk/news/uk-politics-39743452

 

Still seems to be a lot of HMO buying side activity.

Quote

 

25 April at 15:30
FINALLY COMPLETED

18157162_10155060250851136_1215870830334

 

it took longer than having a baby... 10 months for the legals to go through!
Wouldn't have been for me and ----- ----- @ -- --- it would have never gone through as so many problems with the title and the vendor solicitors (big National law firm) had no clue how to solve them!

But definitely worth it

It is going to be converted into 2 x 7 bed hmo (all rooms double rooms with en-suite) + 2 x 1 bed flats... can't wait!

#FinancialFreedom
#NoExcuses
#IWantToDoMore
#IWantToBeMore

 

 

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1 hour ago, Venger said:

And scrolling down, the 2 PDF Letter To Tenants.....  'rent-rises' and so on, tenant 'awareness' and what they can do.

(23 properties...)

4 pages https://www.dropbox.com/s/z1pl497rw4ffoze/Section24 Letter To Tenants-Part 1.pdf?dl=0

89 pages https://www.dropbox.com/s/rp8udi1xyy4f9sd/Section24 Letter To Tenants-Part 2.pdf?dl=0

Completely astonishing that these landlords think they can get their tenants to use their limited time and energy to campaign on their behalf. Newsflash you delusional ****s, your tenants don't like you and many of them see you as the enemy.

Edited by Dorkins
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Cheers for that Facebook HMO link @Venger

Will enjoy reading that. Just been checking out the long thread on the BICT schemes. This from Lisa Orme...

'By the way I have a new client who can't get mortgages as his ownership doesn't reflect his tax returns and lenders aren't willing to understand the complexities of such schemes. This will get worse.'

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