The Venn diagram of idiots who hate landlords and idiots who would be living with their parents without landlords, is just a circle. This is why, as the PRS shrinks, tenants are queuing for properties in larger numbers.
It’s not. Leftist idiots are simply blinded by ideology. iea.org.uk/what-the-supply-side-deniers-at-the-guardian-get-wrong-about-britains-housing-crisis/
This guy is CRAZY. Just think about it. You're 20 years old and you want to get out of your parents house. But you don't have money to buy one and you DANG well don't have a job that can qualify you for a loan. What are you going to do? There are no landlords. You CAN'T rent a place. Wait... let me guess... You're gonna move into a tiny Soviet-style "block house". Which would (of course) become a run-down RUIN that is ugly as SIN because we all know that people do NOT care for or cherish or love homes that they don't own. Homes they didn't have to sacrifice for. Why "care" for it? Why "upgrade" it when you KNOW that "it isn't even mine". Who would put in new windows or a new kitchen or a new anything when it isn't yours and that money would be just flushed down the drain essentially? Nobody. Nobody would. And I just LOVE the example of the guy who gets a job in a different place and decides he wants to lease it out while he's gone. What the heck is he SUPPOSED to do? This is his "special" home that he remodeled himself. He's only going to be assigned to this new job temporarily for 3 or 4 years while the "new factory" or whatever gets off the ground. He's a network engineer and he has to go there for 3 years and if the project is done on time he gets a nice bonus that will allow him to.... you know... .PAY OFF THE HOUSE! So lease it out for 3 years...and then move back. You scarified 3 years away but now you FINALLY don't have a home loan payment. Oh wait. But you can't DO that according to this clown. You'd be "the bad guy". What an idiot. What and absolute idiot. This is one of the world's biggest problems. Well-spoken morons who put ideas out into the void which would lead to an absolute hellscape for everyone.... and because it "feels good" to the listeners...they get bamboozled into actually backing these crazy ideas. Britain has fallen. You don't have free speech. Now you want to just set up a situation where you essentially don't own your own property. The inmates are running asylum over there. It's no WONDER your country is circling the drain.
I love the politics of envy. I don't have something so therefor neither should anyone else. This man is delusional as hell and stuck entirely in a bubble of his own poor ideas and gaseous excretions. How on earth do RENTS dictate HOUSE prices? How the hell are house prices competing and chasing private rents? How can a market of 80% (owner) be chasing after the 20% of rentals? Theres some mental gymnastics in this video that makes my back ache just listening to it.
His book is full of lefty lefty feely feely that try usurious bankers want to put out their. The usurious banks are the biggest landlords but he will never speak about the banks.
I can't afford a Bugatti because there are a lot of rich people that bid up the price of them and take them for themselves >:( That's why we need price controls on Bugattis and to limit the rich from controlling the Bugatti market
@@lynb1022 I've yet to see any historical correlation between the "need" for housing and it's sudden and spontaneous manifestation. The Neanderthals needed housing just as much as we do but somehow they had to go without. If something is "needed" then we should create more of it and be willing to pay for it and not expect it to be granted to us. It's a good thing the government hasn't decided smartphones are a "human right" or else there'd be a mysterious and inexplicable shortage and then we'd see the price of them skyrocketing.
Landlords do nothing? They pay the mortgage the taxes the insurance - they hope to get a rent check and do not get tied up in court while still being obliged to pay those expenses - take a lot of risk of liability. So how do you leverage that risk? You try to make some money off of properties. Yeah those that do not take care of their properties are scum...
Your argument for the value of landlords is that they use other people's money to pay their mortgage and keep the profit? Sounds more like an unproductive leech to me.
@@danielralston1157 Not everyone can qualify or wants to burdened with a mortgage. Henry David Thoreau once said a home is blessing but also a coffin, referring to its burdens. A renter can leave much easier and in some markets, holding a mortgage is a big liability. Landlords do provide a service to these situations. They leverage their credit. 2800 in rent for a duplex that cost $2200 a month mortgage then add taxes insurance repairs. Where is the profit? And then if a rent check is not paid and they get tied up in court? Think about it.
@@danielralston1157 If you wish to use your " posted" argument in good faith and consistent logic then you must assert " common ownership of the means of priduction" as must the against lanlordism author. Don't mean to lecture, but in a capitalist economy like uk, products and services are commodities, to be bought and sold for profit. This author pussyooits around Marxist arguments against private rent while not explicitly doing so
@@Transform108 Do taxes, insurance and repairs add up to more than rent? Not a chance, therefore, profit. You're delusional if you think landlords don't do so for profit. They're leeches, not charities.
@@SergieRachmaninoff Of course there is incentive. Long term and some interim cash flow. The expenses do add up to quite a bit. A fair profit in exchange for the risk of credit is okay. Otherwise why bother? Instead of emotional junk give me an example of expenses for a landlord. Here is a familiar example. 415K paid for a 2 unit house. Rent collected 1600 + 1600. The market rate for the area. 3200 So monthly payments with 10% down. $2300 for mortgage. 4900 annual for taxes, 408 per month. Insurance on the property is $280. Okay 2300+508+280=3088. Does not leave much for repairs does it? What happens if the landlord gets a bad tenant and gets tied up in court? Please help me with your own example.
This is a lot of rubbish. You should be ashamed of yourself. You should research more, outside of your circle . You are clearly not an authority on this subject.
I would like this one billion times if I could.
The Venn diagram of idiots who hate landlords and idiots who would be living with their parents without landlords, is just a circle. This is why, as the PRS shrinks, tenants are queuing for properties in larger numbers.
Great talk, great book!
The solution is simple : compulsory purchase 20 per cent of the stock for first time buyers/social housing and cap rents. That should do it.
💯
Right
Great message
It’s not. Leftist idiots are simply blinded by ideology.
iea.org.uk/what-the-supply-side-deniers-at-the-guardian-get-wrong-about-britains-housing-crisis/
Free market...Adam Smith meant free FROM landlords not free FOR landlords.
Most mean "free market" as a lack of regulations which is exactly what we need.
@@vivalaleta Do you know who Adam Smith was?
@@totonow6955 The "invisible hand" is a joke.
@@totonow6955 I worded my first comment badly. I meant regulations are what we need.
40 years renting and no maintenance by landlords. Funny that.
This guy is CRAZY. Just think about it. You're 20 years old and you want to get out of your parents house. But you don't have money to buy one and you DANG well don't have a job that can qualify you for a loan. What are you going to do? There are no landlords. You CAN'T rent a place. Wait... let me guess...
You're gonna move into a tiny Soviet-style "block house". Which would (of course) become a run-down RUIN that is ugly as SIN because we all know that people do NOT care for or cherish or love homes that they don't own. Homes they didn't have to sacrifice for. Why "care" for it? Why "upgrade" it when you KNOW that "it isn't even mine". Who would put in new windows or a new kitchen or a new anything when it isn't yours and that money would be just flushed down the drain essentially?
Nobody. Nobody would.
And I just LOVE the example of the guy who gets a job in a different place and decides he wants to lease it out while he's gone. What the heck is he SUPPOSED to do? This is his "special" home that he remodeled himself. He's only going to be assigned to this new job temporarily for 3 or 4 years while the "new factory" or whatever gets off the ground. He's a network engineer and he has to go there for 3 years and if the project is done on time he gets a nice bonus that will allow him to.... you know... .PAY OFF THE HOUSE!
So lease it out for 3 years...and then move back. You scarified 3 years away but now you FINALLY don't have a home loan payment.
Oh wait. But you can't DO that according to this clown. You'd be "the bad guy".
What an idiot. What and absolute idiot. This is one of the world's biggest problems. Well-spoken morons who put ideas out into the void which would lead to an absolute hellscape for everyone.... and because it "feels good" to the listeners...they get bamboozled into actually backing these crazy ideas.
Britain has fallen. You don't have free speech. Now you want to just set up a situation where you essentially don't own your own property. The inmates are running asylum over there. It's no WONDER your country is circling the drain.
This is one of those docu-comedy sketches right?
I love the politics of envy. I don't have something so therefor neither should anyone else. This man is delusional as hell and stuck entirely in a bubble of his own poor ideas and gaseous excretions. How on earth do RENTS dictate HOUSE prices? How the hell are house prices competing and chasing private rents? How can a market of 80% (owner) be chasing after the 20% of rentals? Theres some mental gymnastics in this video that makes my back ache just listening to it.
You should read his book and find out
His book is full of lefty lefty feely feely that try usurious bankers want to put out their. The usurious banks are the biggest landlords but he will never speak about the banks.
I can't afford a Bugatti because there are a lot of rich people that bid up the price of them and take them for themselves >:(
That's why we need price controls on Bugattis and to limit the rich from controlling the Bugatti market
@@DanivirAmadeus don't be daft. No one *needs* a Bugatti. *Everyone needs a home/housing security* to thrive.
@@lynb1022 I've yet to see any historical correlation between the "need" for housing and it's sudden and spontaneous manifestation. The Neanderthals needed housing just as much as we do but somehow they had to go without.
If something is "needed" then we should create more of it and be willing to pay for it and not expect it to be granted to us.
It's a good thing the government hasn't decided smartphones are a "human right" or else there'd be a mysterious and inexplicable shortage and then we'd see the price of them skyrocketing.
Landlords do nothing? They pay the mortgage the taxes the insurance - they hope to get a rent check and do not get tied up in court while still being obliged to pay those expenses - take a lot of risk of liability. So how do you leverage that risk? You try to make some money off of properties. Yeah those that do not take care of their properties are scum...
Your argument for the value of landlords is that they use other people's money to pay their mortgage and keep the profit? Sounds more like an unproductive leech to me.
@@danielralston1157 Not everyone can qualify or wants to burdened with a mortgage. Henry David Thoreau once said a home is blessing but also a coffin, referring to its burdens. A renter can leave much easier and in some markets, holding a mortgage is a big liability. Landlords do provide a service to these situations. They leverage their credit. 2800 in rent for a duplex that cost $2200 a month mortgage then add taxes insurance repairs. Where is the profit? And then if a rent check is not paid and they get tied up in court? Think about it.
@@danielralston1157 If you wish to use your " posted" argument in good faith and consistent logic then you must assert " common ownership of the means of priduction" as must the against lanlordism author. Don't mean to lecture, but in a capitalist economy like uk, products and services are commodities, to be bought and sold for profit. This author pussyooits around Marxist arguments against private rent while not explicitly doing so
@@Transform108 Do taxes, insurance and repairs add up to more than rent?
Not a chance, therefore, profit. You're delusional if you think landlords don't do so for profit. They're leeches, not charities.
@@SergieRachmaninoff Of course there is incentive. Long term and some interim cash flow. The expenses do add up to quite a bit. A fair profit in exchange for the risk of credit is okay. Otherwise why bother?
Instead of emotional junk give me an example of expenses for a landlord.
Here is a familiar example. 415K paid for a 2 unit house.
Rent collected 1600 + 1600. The market rate for the area. 3200
So monthly payments with 10% down.
$2300 for mortgage. 4900 annual for taxes, 408 per month. Insurance on the property is $280.
Okay 2300+508+280=3088. Does not leave much for repairs does it? What happens if the landlord gets a bad tenant and gets tied up in court?
Please help me with your own example.
This is a lot of rubbish. You should be ashamed of yourself. You should research more, outside of your circle . You are clearly not an authority on this subject.
You should read his book
And why should we listen to you exactly ?
@@Sweyn_Nero No-one is compelling you to listen to me exactly..