The Blame Game

[denso13]

please explain how an organisation paying a massive wage bill doesn't end up having less money than if it hadn't?

I wrote that it does?

Of course it does.

What I wrote is that it doesn't affect the ability to invest in new properties.

 

[Ivor Windybottom]

Go on then, please explain how there's no correlation between how much money an organisation has and how much it can invest.

I'm guessing this logic involves smoke, mirrors and buzzwords like "funding" and "budgets" rather than real world terminology.

 

[denso13]

Go on then, please explain how there's no correlation between how much money an organisation has and how much it can invest.

I can do this easily, it's part of what I do on a daily basis

I'm guessing this logic involves smoke, mirrors and buzzwords

Ah, then you go and spoil it. If that's what you think before I have written anything then I won't waste my time.
.

 

[Odds]

Journalists will often drop a subject like a hot potatoe because publishing their findings can seriously jeopardise any future legal proceedings. They will also occasionally purposefully publish information that they know will jeopardise any legal proceedings.

I seem to recall you're a private landlord and wonder what you make of this story...

One in four private rentals in England fail to meet decent home standards​

Data suggests private tenants almost three times as likely to be exposed to damp as social housing tenants

Data from the English Housing Survey, released on Thursday, highlights the poor state of the country’s private rental sector, with 23% of private rentals failing to meet the decent homes standard in 2021-22. That compares with just 13% of owner-occupied homes, and 10% of social housing.

Siobhan Donnachie from London Renters Union called for the government to end no-fault evictions, so that renters could feel secure in speaking out on disrepair. “When renters report issues with disrepair, they are ignored by local authorities and fear eviction from their landlord,” she said.

A recent Guardian analysis of private rental listings found that soaring rents were making lives unaffordable for private tenants, with prices in 48 council areas now classed as unaffordable when compared with average wages.


@TheGuardian.com

Now, i'm not accusing yourself, or anyone on this forum who privately lets property to tenants, but how is it that rented properties have a worse rating than social housing: you'd think it'd be the other way round?

 

[Dork Lard]

I seem to recall you're a private landlord and wonder what you make of this story...

I moved away from housing & into commercial & industrial property.

I don't recognise those figures. Do you think that there's a possibility they were inflated/created to push for an agenda?


The private rental market is now moving into corporate ownership. Banks & hedge funds are channelling £billions into buying up properties to create 1000+ unit portfolios. Without getting into an "Oh no they're not" & "Oh yes they are" argument this is already emerging in the US.

You need to research why/when/where this is happening, then you need to put your tinfoil hat on & second guess the outcome.

 

[Dork Lard]

Now, i'm not accusing yourself, or anyone on this forum who privately lets property to tenants, but how is it that rented properties have a worse rating than social housing: you'd think it'd be the other way round?

One of my oldest friends built a portfolio of 100'ish houses at the lower end of the market. He'd snap up terraced properties, modernise them, then rent them out, a traditional business model in private rental. He found that when the portfolio grew to about 40-50 he was spending more time chasing the repairs than he was buying & modernising. Private renters are hard work, especially at the low end of the market.

On the advice of our accountant he sold up & re-invested in a select few properties at the higher end. His tenants now range from surgeons to aero space engineers. He's making roughly the same £money but with a lot less work & a lot less stress.

I have no doubt that there are many bad landlords as much as there are many bad tenants, but I've always believed that good business is where both sides profit & you make more £money this way !

 

[Odds]

One of my oldest friends built a portfolio of 100'ish houses at the lower end of the market. He'd snap up terraced properties, modernise them, then rent them out, a traditional business model in private rental. He found that when the portfolio grew to about 40-50 he was spending more time chasing the repairs than he was buying & modernising. Private renters are hard work, especially at the low end of the market.

On the advice of our accountant he sold up & re-invested in a select few properties at the higher end. His tenants now range from surgeons to aero space engineers. He's making roughly the same £money but with a lot less work & a lot less stress.

I have no doubt that there are many bad landlords as much as there are many bad tenants, but I've always believed that good business is where both sides profit & you make more £money this way !

That's a convenient division of fault: 50/50. The numbers of poor housing rented out in the private sector suggest those figures would be skewed towards bad landlords. How do tenants profit in this transaction?

 

[Dork Lard]

That's a convenient division of fault: 50/50. The numbers of poor housing rented out in the private sector suggest those figures would be skewed towards bad landlords. How do tenants profit in this transaction?

A tenant profits by having a nice place to live at a fair price. Try broadening your thought patterns, profit does not have to be £monetary.

According to statistics me & my cat both have 3x legs, & did you know that 73.2% of all statistics are made up to suit an agenda. Stop placing any trust in statistics unless you really & I mean REALLY trust the source.

 

[Odds]

A tenant profits by having a nice place to live at a fair price. Try broadening your thought patterns, profit does not have to be £monetary.

According to statistics me & my cat both have 3x legs, & did you know that 73.2% of all statistics are made up to suit an agenda. Stop placing any trust in statistics unless you really & I mean REALLY trust the source.

Try being more concise. You said "... but I've always believed that good business is where both sides profit & you make more £money this way !"

You're saying a govt. source cannot be trusted to provide accurate data; then who can be believed to do so as...

'The English Housing Survey is the only comprehensive source of information on the national housing situation. It’s used by the government, charities and businesses to make decisions that could have an impact on your area.'

@English-housingsurvey

 

[Dork Lard]

You're saying a govt. source cannot be trusted to provide accurate data;

If the data was accurate & your govt could be trusted . . . . Then everythink is hunky dory in our housing market . . . . .

Thanks for the laff, I used to think you just pretended to be stoopid

 

[Odds]

If the data was accurate & your govt could be trusted . . . . Then everythink is hunky dory in our housing market . . . . .

Thanks for the laff, I used to think you just pretended to be stoopid

They all use the same source so your advice to seek further research seems to lead to the same source, and now you just resort to giving more sauce to cover up the rotten smell of it all.
You're just pretending to be smart.

 

[Ivor Windybottom]

The private rental market is now moving into corporate ownership. Banks & hedge funds are channelling £billions into buying up properties to create 1000+ unit portfolios. Without getting into an "Oh no they're not" & "Oh yes they are" argument this is already emerging in the US.

Correct, some banks and big businesses have been thinking this way, Lloyds bank and John Lewis are examples. It could be that the current amateur landlords will be the future equivalent of the corner shops that have been pretty much wiped out by the big retailers.

But it's also possible that the banks may end up having ownership pushed onto them, due to the vast quantities of indebted Buy To Let landlords who are likely to become bankrupt soon due to the rising interest rates and falling values. Allowing/forcing the lenders to buy them out may well be a solution that the government pushes to minimise the turmoil that's fast becoming reality.

We'll see, but I'm very glad I don't have any investments in any property right now (other than the one I live in).

 

[Odds]

A tenant profits by having a nice place to live at a fair price. Try broadening your thought patterns, profit does not have to be £monetary....

So it can be inferred that profit, in your world, confers benefits to both sides: you make money, the tenant has a place to live, but this isn't a fair transaction in real terms, is it, as only one side benefits in profit and the other loses in the transaction by paying whatever the landlord demands.
This is his privilege; or 'private law', to derive the original meaning of the word.
This is no bargain between equals: a landlord offers a place to live and the tenant pays rent to continue doing so. All the profit goes to him and the tenant makes nothing out of it. Profit, in these terms, is purely monetary, and to suggest otherwise is to ignore the basic tenets of commerce.

I have no doubt that there are many bad landlords as much as there are many bad tenants, but I've always believed that good business is where both sides profit & you make more £money this way !

 

[Dork Lard]

So it can be inferred that profit, in your world, confers benefits to both sides: you make money, the tenant has a place to live, but this isn't a fair transaction in real terms, is it, as only one side benefits in profit and the other loses in the transaction by paying whatever the landlord demands.
This is his privilege; or 'private law', to derive the original meaning of the word.
This is no bargain between equals: a landlord offers a place to live and the tenant pays rent to continue doing so. All the profit goes to him and the tenant makes nothing out of it. Profit, in these terms, is purely monetary, and to suggest otherwise is to ignore the basic tenets of commerce.

You are of course absolutely right as always. We need to start informing all private landlords that from now on everyone lives rent free & wherever they desire.

 

[Odds]

You are of course absolutely right as always. We need to start informing all private landlords that from now on everyone lives rent free & wherever they desire.

That isn't what i said and you know it.
You stated the tenant profits by having a place to live and the landlord makes money from the tenancy.
I'm saying your premise that profits are equally shared in this transaction is at fault.
The Free Market is biased towards privilege. Those who have goods and can charge what they wish against those who pay. Is it a coincidence that whenever regulations governing these transactions are relaxed that markets become unstable due to individual greed and corporate monopoly?