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Anti BTL demonstration in Edinburgh


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Interested to see this article, the first time I've seen a specifically anti BTL protest. 50 protesters from a group called 'living rent' managed to shut down a BTL investors workshop. A change in sentiment perhaps? 

 

Scots protesters shut down Edinburgh buy to let workshop

DEMONSTRATORS have managed to force the shutdown of a property investment workshop in Edinburgh in a protest against what they called “parasitic housing practices”.

Scotland’s tenants’ union Living Rent mounted the demonstration at the Making Money from Property event on Thursday evening, one of a series being held across the country by the BBC’s Martin Roberts, of Homes Under the Hammer fame.

The taster workshop promised to teach landlords how to “maximise their profits”, “make money while they sleep”, and “live the life they deserved”, but protesters said this meant driving up rents and forcing tenants into poverty.

Around 50 of them gathered outside, chanting and handing out flyers to passers-by, while a number made their way inside to challenge the organisers over the consequences of this approach to housing.

Half an hour later, the organisers called off the event and attendees were ushered out.

Living Rent said events like this underlined the need for the Scottish Government to introduce rent controls, which they said were necessary to stop tenants being forced into poverty by “sky-high rents”.

Eve Rogers, one of those protesters inside, said: “The presenters point-blank refused to face up to questions about how their parasitic, speculative pursuit of profit is directly linked to the housing crisis.

“These people want to make fortunes while they sleep, but they can’t pretend that there are no ethical questions behind what they’re doing. Nor can they expect tenants to simply sit back and let it happen while our lives are made a misery.

“This approach – treating a house as some kind of investment, rather than as a home for people to live in – is the root cause of so much homelessness, poverty, and shocking living conditions.

“But housing is a fundamental right, and that’s why we’re demanding the Government introduce rent controls across the country.”

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So, the young are forced to pay the BBC license fee, so older people, who dont pay it, can farm them ?

 

They be better off marching on Gordon Brown and Scottish banks CEOs, well, the one who escaped with large pensions as the gormless Brown credit boom blew up.

 

 

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1 hour ago, spyguy said:

They be better off marching on Gordon Brown and Scottish banks CEOs, well, the one who escaped with large pensions

Good idea, march on the people who are no longer in power, that should sort it.

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1 minute ago, Dorkins said:

Good idea, march on the people who are no longer in power, that should sort it.

No,

The 2008 crisis was all swept under the carpet so as not to damage the all-seeing all knowing, genius Leader Brown.

The people at the core of the 2008 crisis has not been properly held to account .

Coalition were not brave enough in2010  - and had a lot on their plate.

2015 resulted in Brexit, so other distractions.

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31 minutes ago, spyguy said:

No,

The 2008 crisis was all swept under the carpet so as not to damage the all-seeing all knowing, genius Leader Brown.

The people at the core of the 2008 crisis has not been properly held to account .

Coalition were not brave enough in2010  - and had a lot on their plate.

2015 resulted in Brexit, so other distractions.

Agree that the people who enabled 2008 and the bailouts to happen have not been held to account but the more pressing issue is the next 2008 which is on its way because the people in power now are following exactly the same script.

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1 hour ago, spyguy said:

No,

The 2008 crisis was all swept under the carpet so as not to damage the all-seeing all knowing, genius Leader Brown.

The people at the core of the 2008 crisis has not been properly held to account .

Coalition were not brave enough in2010  - and had a lot on their plate.

2015 resulted in Brexit, so other distractions.

I don't think it's about bravery and distractions. They are not going to harm their friends and masters.

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Good for them...if there was a similar demo near me I would go and support this.  I note from the placards that AirBNB is also a concern.

I expect there may be a lack of clear free thinking however...I don't see any complaints against the immigration friendly polices of the Scottish Gov.

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8 hours ago, Wayward said:

Good for them...if there was a similar demo near me I would go and support this.  I note from the placards that AirBNB is also a concern.

I expect there may be a lack of clear free thinking however...I don't see any complaints against the immigration friendly polices of the Scottish Gov.

Thou hast said it.

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42 minutes ago, jiltedjen said:

need for houses to stop being a store of value. 

Alwyas have, always will, to lesser and greater extent.

What UKGV cn - and Gidiot did, to some extend, is get rid of the gormless holes that ARLA/IO BTL leapt in.

The removal of offsetting rent against mortgage payments is a biggy and something genius Brown should have done in 2000. He didnt, as hes useless.

The next change is more subtle and technical - move all IO BTL off regulated bank books to the unregulated finance sector i.e. no drawe down from BoE, all IO BTL mortgages must be funded by bonds raised by small specialist finance houses.

IO BTL  SVR witll be 7%+ and have a ~10 year repayment option.

Thats how LL used to get mortgages.

 

 

 

 

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On 02/03/2020 at 09:13, regprentice said:

"But housing is a fundamental right, and that’s why we’re demanding the Government introduce rent controls across the country.”

A home not housing should be a fundamental right. I mean it's difficult for example to call a room in a HMO a home but anyone who lives there is obviously housed.

Edited by spacedin
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