OG
I disagree with this load of bo110x.
"these are after all the main supporters of Brexit,who feel the Government isn't doing enough for them because the EU prevents them doing so."
And your generalisation that every landlord is living off others is sheer BS. Actually I could have sold house easily and invested it elsewhere to make more.( sponging off rich is loads easier than anyone else) I kept the house so family could stay in it on minimum rent paid by government.
(House rental is at best 5%, nearer 3 taking everything into account)I,m getting around 12 on my business interests, and could use that £165k to do same)
You really are bigotted OG.
You know about as much about house rental as you do most other things. Feck all.
At moment renting out houses is about keeping capital together, keeping a family housed and paying upkeep and taxes. Its definitely not about profiteering or even making money. Do the maths OG. House worth £165k. Rental £500 a month. Taxes,wear,repairs,agent fees..I,d get more on stock market with lots less hassle.
You really need a reality check,never mind my needing a morality one. Profiteering according to you is 3.6% gross profit.? Agent charges 15% , taxed on gross at 20%. No wonder you support Labour,Corbyn has similar ideas about economics. You and your kind would bankrupt country in a week.
And BTW out of my £350 monthly profiteering I have to pay annual gas check and all major repairs. Last year we just broke even.( house needed new boiler ,roof and gutter repairs)
But ofcourse you are allowed to call my morals into question because you support labour, well claim to now . And last time we had a Tennant change I had to break into my own house because locks had been super glued,)
When current tennants leave, house will be sold. You can buy it OG and start profiteering, but be warned if you take a mortgage out its likely ( infact guaranteed) you will lose money. Fact. Profiteering, what a p1lock.
Quick quid or whatever its called charge over 1000% on loans. Landlords like myself
are getting under 5% ( well under) and without them.property values would collapse, number of homeless would explode yet idiots like yourself in sheer ignorance are allowed to generalise as lefties are so.prone to and see my activities as immoral and profiteering. I won't expect your apologies only your justifications.