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    UK landlords quit sector as number of homes to let falls, survey says
    United Kingdom

    UK landlords quit sector as number of homes to let falls, survey says

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    20 Comments

    1. InvertedDinoSpore on

      2050 is going to be a seriously fucked time to live in on our current trajectory 

    2. SpaceNuggetImpact on

      This means? People were complaining about landlords a lot, so is this good or bad news ?

    4. Healthy-Drink421 on

      Well who were buying the houses they were selling? First time buyers… Which is good.

      There is a shortage of rental housing though. More, particularly flats, and social flats should be built. But so many of the small time landlords were unprofessional contributing the housing quality crisis.

    6. jsusbidud on

      Serco are hoovering them up for asylum HMOs. Just lease it to them. Five years all bills paid. 250 new tenants arrived today alone.

    7. Standard_Response_43 on

      Smart move….easy £££ gone

      Get a good and trusted financial advisor, even UK gilts/us t bills give U nearly 5% with no risk

    8. TwoThreeZero on

      Hmm maybe just maybe this would be a good time to stop private bodies, specifically REITS from buying up swathes of housing

    10. dcrm on

      There’s not much profit in owning to rent compared to other avenues of investment. Of course this was going to happen, isn’t this what people wanted?

    11. Bojack35 on

      The state outsourced social housing to landlords decades ago.

      If they can meet housebuilding targets alongside the policies pushing landlords out then great.

      If not the rental market could get wild.

    12. -MonitorMan- on

      Labour are probably going to be screwed if they don’t fix the rental sector. Renters fled to Labour after being screwed by the Conservatives so will make up a high proportion of the Labour voting base. If the rent crisis doesn’t get noticeably better by the next election a good chunk of those Labour voters might not turn out.

      If immigration and asylum seeker numbers don’t come down to net 100k max then some disillusioned renters may try their luck with Reform. Even though that doesn’t make much sense to many. At that point they won’t have much to lose.

    13. OldGuto on

      Don’t be so quick to cheer r/uk unless we build a lot more social housing this could be a big problem.

      One/two bed flats going up for sale probably isn’t too big a deal, if it’s HMOs and those houses are bought by families those HMO tenants are looking for somewhere to live in a market that has one less HMO.

    14. WinHour4300 on

      Most will have made a large profit and will get a similar but easier yield on safe investments whilst paying a relatively low capital gains tax.

      We don’t know the demographics but probably a fair few are over 50s and may no longer want money tied up in property. 

      Also, as if you’ve lived in the property and the price flat lines it doesn’t make sense to hold on to it as the amount of CGT you pay increases. 

    15. Dependent_Phone_8941 on

      People like to view Landlords as the problem.

      Landlords are a symptom of a problem. The problem is created by the government and that creates the opportunity for landlords.

      A bit like if you have a cough you know you are ill, landlords are the cough, not the illness.

      If the government didn’t artificially restrict the housing supply for literally decades while also selling off the social houses, landlords wouldn’t be common at all.

    16. LongAndShortOfIt888 on

      Without the landlords, who’s going to build every single home that gets built?! /s

    17. Weird-Statistician on

      Well according to Reddit they were all making an absolute fortune, so I can’t understand why they are quitting. Must be good news. Good luck renting with an even smaller pool of properties

    18. CrushingPride on

      Good. Even Adam Smith acknowledged that Landlords bring nothing to society. They represent a plague on Britain.

    19. Rulweylan on

      I’m hoping to buy mine off my landlord soon. Hopefully they won’t want to put the work in to get the EPC up to C and will sell up rather than risk me moving out and leaving them a property they can’t let.

    20. dalehitchy on

      The people on this thread thinking they are smart, explaining to people that when a landlord sells and someone buys it, they think it doesn’t have a knock on effect for current renters because ‘an owner occupier now owns it’s 😂

      It’s those exact people who are commenting that…. Are the reason people’s rents have gone up. They wanted landlords out, they went, and now rents wents up

      Don’t listen to these people, they can’t even do basic maths.