I 100% agree with what this guy says - HotUKDeals
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I 100% agree with what this guy says

lumoruk Avatar
banned7y, 4m agoPosted 7 years, 4 months ago
"Benefit tenants 'rip off' landlords "

http://news.bbc.co.uk/1/hi/uk/8152937.stm
lumoruk Avatar
banned7y, 4m agoPosted 7 years, 4 months ago
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banned#1
http://news.bbc.co.uk/1/hi/uk/8152937.stm


"I feel that we're being ripped off by these people and they don't have any morals. "
http://newsimg.bbc.co.uk/media/images/46065000/jpg/_46065224_dsc_0293.jpg
#2
Yep, also agree, it is a very poor idea to pay to tenants rather than landlords.

Also the rights of tenants needs sorting, if I had a house and the benefit tenant decided to smoke my rent away, I should have the right after not getting my rent, to turn up with the boys remove the tenant and items and change the locks. After all it is my house.
#3
Well outta order, theres not enough council housing as it is, people doing this are going to make private landlords stop accepting people who pay thier rent with housing benefit. Making it a lot harder for the ones who do play by the book
#4
you can still have your benefit paid to the landlord but only if he signs an agreement that should he be overpaid, due to changes in circumstances, not being notified sooner by the tenant to the council that he will pay them back
[helper]#5
While I agree somewhat, there are also plenty of landlords charging rip-off rents to people who have no choice. Buy to let investors have completely hoovered up all the housing stock that should have gone to first-time buyers.
#6
LJM
While I agree somewhat, there are also plenty of landlords charging rip-off rents to people who have no choice. Buy to let investors have completely hoovered up all the housing stock that should have gone to first-time buyers.


+1 I hate these people, as I do Property developers. scum of the earth.
#7
LJM;5765456
While I agree somewhat, there are also plenty of landlords charging rip-off rents to people who have no choice. Buy to let investors have completely hoovered up all the housing stock that should have gone to first-time buyers.


This makes no sense - because firstly a rip-off rent does not exist in a open market, i.e. people will pay what they deem to be reasonable taking into account supply and demand. If a landlord is charging a rip off rent they will not get any interest in their property. As for BTL hoovering up the market - if you have a look around now there are plenty of properties available for relatively cheap prices (many from failed BTL). The fact is the first time buyers you talk about are not financially stable (credit worthy) enough to given a loan (as is right to prevent the mess we are in now from occurring again).
#8
LJM
While I agree somewhat, there are also plenty of landlords charging rip-off rents to people who have no choice. Buy to let investors have completely hoovered up all the housing stock that should have gone to first-time buyers.


+1 well said. there's an argument for both sides to be fair but people who buy up every house in the area and charge way over the odds rent. Don't work and drive around in their flash cars while poor people pay for their houses. That just seems wrong to me.
#9
its asian news


pile of crap
#10
lufc_ginge
+1 I hate these people, as I do Property developers. scum of the earth.


Care to explain.....?
#11
casparwhite;5766242
its asian news


pile of crap


Eh?
#12
MoneySavingG
This makes no sense - because firstly a rip-off rent does not exist in a open market, i.e. people will pay what they deem to be reasonable taking into account supply and demand. If a landlord is charging a rip off rent they will not get any interest in their property. As for BTL hoovering up the market - if you have a look around now there are plenty of properties available for relatively cheap prices (many from failed BTL). The fact is the first time buyers you talk about are not financially stable (credit worthy) enough to given a loan (as is right to prevent the mess we are in now from occurring again).


Open market? I lol.
#13
Shengis;5768748
Open market? I lol.


O rly? Please direct me to the next cartel meeting. Should I bring a cigar?
#14
MoneySavingG
O rly? Please direct me to the next cartel meeting. Should I bring a cigar?


Everybody needs somewhere to live and BTL people know that, which is why they can charge rents that are nothing short of usary. They're not mugs, so like energy suppliers they all charge high to keep the market at that level. Btw, its not a cartel thing, it's called tacit collusion and it happens in just about any industry you can think of:thumbsup:
#15
Shengis;5779716
Everybody needs somewhere to live and BTL people know that, which is why they can charge rents that are nothing short of usary. They're not mugs, so like energy suppliers they all charge high to keep the market at that level. Btw, its not a cartel thing, it's called tacit collusion and it happens in just about any industry you can think of:thumbsup:


It's pretty hard to prove any form of tacit collusion at the best of times - and easy to confuse it for supply and demand. When the market is made up of so many relatively small businesses it's pretty unlikely that tacit collusion is setting the prices.
At the end of the day rent is not set by profit taking landlords on the whole, but on a number of factors working together. The biggest factor (imo of course ;-)) (which is directly related to demand) is the price of houses in the area. People seem to forget that landlords have mortgages to pay and thus must make a certain amount to break even. Successful landlords of course will also be able to charge a premium over this break even (if the market allows), and rightly so - they are after all running a business and taking considerable personal risk in buying a property. This is not however a ridiculous in the air figure which is dreamed up in order to make xxx% profit, by some murky price leadership.
Comparing Landlords to Energy companies (who can be proven to be following tacit collusion e.g. following each other at every price rise) is clearly false - as there is (unlike the energy industry) plenty of choice in the rental market in terms of both sheer number of properties and of course different areas - people can choose to live where they can afford. If landlords were pricing people out of the area by charging silly rent they simply would have no custom as people would be looking at cheaper areas (this is why you don't see many houses in "high class" areas for rent - there simply are no customers to be found there).
Renting is a good option for many to live in affordable accommodation whilst they build up some personal liquidity and credit and one day perhaps purchase a home of their own. But this is not a automatic right, nor suitable for everyone. Many people seem to get bitter at the thought of some people owning property when they do not - this is just a consequence of their own life choices and situation. (Strong life choice :thumbsup:)

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