113
Confiscate properties from rogue landlords, says senior Labour MP
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Nov 2023
113 points (98.3% liked)
United Kingdom
4087 readers
258 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
Do you pay those workers significantly less than the value they contribute to the business? What would you call that?
Independent of that, you may work in the shop, or managing it - that's a job.
Surely that depends on the individual business? Like it depends on the individual landlord? Some might be good, some might be bad. Pay is often linked to the risk you have invested in your business. A worker in a shop hasn't taken on thousands of pounds of business loans for example have they? They don't have to do accounting admin generally. A renter hasn't taken on hundreds of thousands of pounds of a mortgage have they? They're not liable for upkeep of the rental property.
All I'm saying is that they're good examples of landlords and bad ones. Good examples of shop owners and bad ones. Skewing the perspective to claim there are only bad is deliberately misleading.
This line is routinely trotted out by people who do not understand the very basic facts of limited liability.
It is trivally simple to establish your business as limited by guarantee, and when done so the risk is literally £1.
If anyone establishes a business where they are personally liable for any debts, or losses acrued, by that business then they need to seriously reconsider if business management is for them.
Now, people may well choose to invest personal savings to start a business, rather than take out a loan, but again, rule number 1 of investing is not to invest more than you can afford to lose, so, again, the actual risk is £1.
Not how it works everywhere. Also - bullshit on the actual risk being so low after investing all you can afford to lose - you just lost all you could afford to lose which could be thousands.
The reality of it is - you rent out an apartment and need to keep it up. I had landlords come in with powerbanks and extension cords in the middle of the night when the breakers failed. I had them loaning me an AC units. They would renovate regularly.
And I could've been a shitty tennant that messed their modern flat, didn't pay them rent and refused to move out. They would lose a place they lived in for years to some rando off the street.
You're clearly American, why are you commenting on a thread about UK landlords, and UK company law, using examples not from the UK?
I'm European. Stop assuming shit about people.
My apologies, but same question.
Because hating landlords is present on lemmy everywhere with people using completely irrellevant arguments. You also voiced an opinion that's completely bullcrap - where losing "all the money you can spare" is somehow equal to losing nothing, when one could have worked for that for years.
this seems like a circular argument
most of the value you seem to be proposing could be lost comes from the fact you can rent out a house for profit
I never said it was the same as losing nothing. It's clearly not the same. I said the cost of losing is £1, if you have structured your business properly. If you then choose to put extra money in, well, you should only invest money you can afford to lose.
If you can't afford to lose it, you shouldn't be spending the money in that way. Money you can afford to lose has considerably less risk than money you cannot afford to lose. By definition, if you can afford to lose it, then harm to you is insignificant.
So the financial cost is £1, and the risk to you is tiny.
For example, I don't go to the pub and complain about the risk of buying liquid commodities I intend to drink and make no return on. I can afford to lose my money in that way, if you can't, then don't go out drinking. The same thing applies here.
If you can't own a property without someone else paying the mortgage for you, then don't.
The risk of losing is thousands - it's absolutely not "nothing", as I said, it could be years of someone's life.
You have a really weird way of looking at business. It's not free to have someone renting property from you and "paying the mortgage". It's not risk free.
The risk is losing something you can afford to lose.
It may be undesirable, sure, but if you can't afford to lose it then you shouldn't be investing it.
Landlords provide no service, they simply increase the cost of housing. A landlord does not fix your boiler, a plumber does. A landlord does not pay for furniture, you do through your rent. A landlord does not provide housing, they take existing housing off the market and lease it at a premium above the equilvent mortgage rate.
Ah, you should have started with "landlord bad landlord not work", would've saved me a lot of wasted time in replying to you.
And let me guess - no landlords means no homelessness and no housing crisis anywhere
Landlords are one of the many factors which restrict access to housing. The sheer complexity of purchase is another major factor.
But again, if you can afford to lose the money then you're probably not the problem. The main problem, in the UK, is landlords on buy-to-let mortgages who cannot afford to lose.
If the bank is already willing to loan money on the property, and rent must be higher than the mortgage payment as a condition on that loan, then all that happens is housing becomes more expensive.