I'm a landlord (just a 2nd home/flat that's rented out to someone). The work involved is: 1 hour visit a month (if tenant wants it) to discuss any issues with the property and then arranging plumbers/decorators/electricians if needed. Anyone that tells you being a landlord is "hard work" is talking utter bollocks
I was going to say it's hardly a 40 hour a week job even if you have more than 1 property to manage. There's literally months that can go by without anything needing do and if stuff does need doing it's probably because they didn't fix everything in the property BEFORE they started renting it out. The guy who says his mate works 70/80 hours a week is talking rubbish, the only way that would happen is if they had multiple properties and they do all the repairs and work on the house literally on their own cause they are too tight to spend a few grand on a proper trades person to do a good job out of the thousands they get every month.
@@markh7457 You sound like a dream landlord. Mine says he will sort things out but is too mean to hire a professional and claims he will do it but he doesn’t. So I have no heating as he didn’t fix it (I bought oil fill radiator), I have no oven (he just went quiet about that - wouldn’t answer me) so I bought an air fryer, the bathroom is moldy due to cold, I could go on. He has managed to make sure he increased the rent by 25% this year, he was very organized about that.
@@chrisd5964 I'm not a landlord to make a profit. In fact, with the cost of maintaining things, ground rent, service charge, capital gains tax and mortgage, we only make £2,500 a year profit. That just goes to savings for when the flat inevitably needs something more major i.e. a new boiler. Call me a champagne socialist but I don't believe that people should be able to make money for nothing. I get more satisfaction from knowing that there's a small family living in a well maintained flat and doesn't have to worry about being scalped by a landlord.
If you think landlording is just work, then you are an idiot. You are rewarded for putting capital at risk, you did the work to get the deposit together 🤯
@@vvwalker7261 2 things: 1) This video is about what work Landlords do. The answer is very little 2) Capital isn't exactly at risk is it? How often do house prices go down at such a rapid amount that equity is then lost? Most landlords are on an interest only mortgage anyway which costs peanuts yet they charge their tenants as if they're paying a mortgage. If the housing market depreciates, the landlord isn't making a loss.
I am financially ok, not rich but fairly comfortable, and agree, love seeing the wealthy cry about how hard it is. Try being a nurse who is a single mother working 60 hours a week and still has to use a foodbank. Millionaires moaning about increasing the minimum wage blows my mind. My business will lose out with NI (I pay all my staff above minimum wage anyway) and the decimation of the Buy To Let market the budget causes, I will suck it up an adapt. I think this was a great budget even though it 100% hurts me but I am a true patriot who believes in funding health and education so hopefully my children can benefit from what I had. In fact I would have gone further, we need a wealth tax and if the billionaires want to leave, bye, bye we don't want you here.
My landlord has worked so hard that the heating doesn’t work, the oven doesn’t work, the bathroom is damp and moldy and he’s put the rent up 25% this year alone. I thank him for his hard work.
@@elementalrainbow The property isn't theirs though. When the appliances break, you have to wait for the landlords ok to get someone in to fix them. When you tell them that the bathroom isn't properly ventilated, they shrug and do nothing. I contractually cannot make changes to this property as it isn't mine. We're at the mercy of our landlords. Acting as if it's a personal responsibility issue is either naive or stupid, take your pick.
The largest drain on the welfare state is housing benefit and universal credit. Paying private landlords and businesses that pay their employees poorly.
@@upsidedownnoise Incorrect. Pensions are the main drain on the welfare state by a long way. Welfare spending can be broken down into different groups, including: Old age: The largest group, accounting for 10.4% of GDP, and mainly relating to pension payments Sickness and disability: The second largest group, accounting for 2.8% of GDP, and mainly representing social payments in cash or in kind Family and children: Accounting for 1.9% of GDP Survivors: Accounting for 1.5% of GDP, and mainly containing pension payments to survivors of a deceased insured person Unemployment: Accounting for 1.2% of GDP Housing: Accounting for 0.3% of GDP, and mainly comprising social protection payments to households to help with the cost of housing Social exclusion: Accounting for 1.1% of GDP, and containing benefits to persons socially excluded, such as on low income, refugees, or suffering from substance abuse
@@upsidedownnoise "Paying private landlords and businesses that pay their employees poorly." Ye olde "socialism for the rich". Someone needs to grow my pie. Maybe you can have a slice when it's big enough.
The same guy talks of Labour “pulling the ladder up behind them” then continues to say he is descendent of immigrants and starts to suggest immigration is now an issue. Couldn’t make this up. Absolutely detached from reality.
How to be a landlord. Buy a house 30 years ago when they were affordable and a morgage was 3% Work one job in a single income household and pay off that affordable morgage in 15 years. Buy a second home using the first home as collateral on a 2% bank loan made up of other people's savings, over leveraged by the bank to create fake money so more loans can be given, causing a bubble Charge the renter 150%+ of the morgage payment because you have to make profit right??!?! Inflation goes up ever year by 3% Increase rent every year by 10%+ to stay ahead of inflation and because you love free money for doing nothing Treat renters like scum, don't fix things, threaten renters with eviction of they bother you about anything or they try to exercise their rights. Buy more homes using the previous homes as collateral even though you haven't paid off the morgages but these loans are 5% with teaser rates Housing bubble bursts Overleveraged morgages you can't afford start to balloon Increase rent by 50/100/200% per year Cry about how hard it is to be a landlord
I'm a landlord, 2 flats locally. Some thoughts... No I don't work hard - occasionally there is a spurt but it's not that often. Tax is fine - there are disincentives which prioritise owner occupier as it should be. The easy access to landlord finance and the ability to leverage has always created an unfair advantage but that is now changing. More regulations are fine - bring more on. Homes should be safe, a good standard and not cost a fortune to run. The main problem is there aren't enough homes - rent or buy the number of people to the number of properties isnt right. I can get 40-50 people enquire about a flat. Fix the supply and everything sorts itself out, but you wont fix the supply if you rely on just the handful of house builders who restrict supply. There is always a need for private rented accomodation - not everyone is in the stage of life where they are looking to buy. Renting out housing is not the same as running a business as it doesnt generate productivity for the economy - tax should be different. And the budget hasn't hit any of the aspirational nonsense talked about by some of these idiots - its gone after the super rich land bankers avoiding IHT, and CGT on non residential property so doesn't impact landlords. Stamp duty increase on buy to lets is marginal - i'd put it to 10%. Is it morally right to invest in residential property? Well there does need to be private landlords but greed needs to be capped, standards enforced and the benefits of wider society looked after compared to the few.
Renting is not capitalism, landlords are not entrepreneurs. It's feudalism. The clue is in the name landlord. These extremely mediocre people benefiting from cheap housing when they were working age have little justification to act so superior.
Not sure I can see much difference between capitalism and feudalism to be honest. One's a system where the powerful maintain their power generationally by inheriting parent to child, and feudalism is the same but with more private armies
Government needs to shift from taxing income to taxing assets, until that happens we will live in an unequal society full of stuck up pricks like this.
.....but, but, but I have to replace the fridge or clapped out washing machine if it goes kaput! I shelled out £322 three years ago on a tax deductable cooker.
Yes indeed. All three of my kids rent. Quite soon I’d like to think we can help them out with a mortgage but all three of them are much older than I was when I managed to buy my house.
They complain about that but I bet when labour raised the idea of a right to switch off rule for real workers they didn't like that cos it's socialism or something
HMOs around my area means wacking a massive extension on back leaving the garden now the size of a shed. Halving the size of the living room and kitchen for another couple of bedrooms. Now because the extension on the back is the entire width of the house the lounge being in the middle of the house now has no outside walls and therefore no windows. Lucky I've not the privilege of going in one, just seen the floor plans and photos on right move. Have to fit as many bedrooms in as possible to rake in those profits. living room like a dentist waiting room. Bleak as f 😞
I would love to see any one of these landlords doing just one day's hard work in a care home or an in-patient psychiatric ward. Minimum wage, 12-hour shifts. And their tenants can swap lives with them for the day. I think that would make great TV. Maybe us tenants would learn what hard work really looks like?
Just all bull. They wouldn't do it if it was not lucrative. One of them said it's capital risk, actually it's less risk than other investments. Property prices really go down and when do don't take long to recover unlike the stock market.
"Hes alright for the super rich, hes not looking after the normal people, run of the mill, ordinary." "How bigs your portfolio?" "Errr 4" Your not normal or ordinary run of the mill, you are super rich.
it's remarkable that they're managing to spend 80+ hours a week managing their property, when I own my own home and the amount of management it requires, including cleaning, is about 30 minutes a week...
I've met my landlord once in 6 years. Hes grand, never put rent up on me but outside of the maybe 1 or 2 calls we have a year about stuff that needs fixing. Hes had nothing to do here for 7.2k a year.
@@anonymousf7byyj landlords are economic parasites that take money out of the economy. Shop owners and restauranteurs form part of a functional economy, they are not the same.
@@anonymousf7byyj Well yeah, but they sell something I'm not capable of getting or producing myself. Landlords sell me something that I only can't get because they've bought up all the supply and pushed priced out of my reach. Like a ticket scalper buying up all the Taylor Swift tickets and then claiming to be providing them when they sell them on for twice the price. There will always be people who need the flexibility of renting and people who can provide that service. But nowadays, we don't have that. We have people being forced into buying that service through lack of other options, in large part because of the actions of the people providing that service.
Home ownership is a con, you don't need to own a house to live in it, Most of Eurpope rent their houses at 1/3-1/2 the cost of a mortgage. (through housing associations) I am buying an ex-council house, I would have preferred it if I could be here in a council house! The council owned houses have all had new roofs, windows & heating! I can barely afford my mortgage with the interest rates and my roof is on the brink of collapse! 🤷
There was a time when being a landlord made you a fantastic return. That's why they feel so aggrieved that they are having to pay their way a bit more now. Many landlords do literally nothing and let a management company do everything.
Or did a documentary following them for a few months to see the day-day work they do, I'm sure it will be completely comparable to a 10 hour Kitchen worker, a 12 hour warehouse operator or a 16 hour Nurse's shift.
1:16 - "Not to take from the state, but make your own" So, taking property away from other people and getting the money other people make? Hypocrisy really gets around.
Why is it every property I’ve ever rented sent qualified tradesman when an issue arises? Everyone of them were managed via a letting agent, never once met a landlord in nearly 15 years of renting in London. Yet I’m led to believe that these landlords make pennies on the pound, barely scraping by, blah blah blah.
@glowwurm9365 either that, or the same bloke turns up every time anything needs fixing, who tells you he's qualified to do all of it, but turns out he's actually the landlord's nephew/uncle and is only actually qualified in the Landlord Special 🩹
They've had tenants with them for a long time so they must be doing something right.. from their own perspective yeah, preventing people from getting on the ladder themselves!
When you produce nothing but make billions in profit off the backs of workers, rents three times higher than the minimum wage in the economy, water, gas, etc. These bring workers into great poverty, make them dependent on food banks and other aid,, Although workers work hard😢
This is what the tories have been doing for 14 years, accusing public sector workers of being lazy, the newspaper print it week after week. Labour come in and say the same thing about landlords and suddenly landlords are hard working people that provide a service out of the goodness of their hearts and gold shoots out there ***. Where was this defence of striking doctors and nurses
There is an agency in our town that runs 100 properties (student town). The owner has two members of staff and all three work full time including running a reception, thats all it takes.
Remember, the majority of "workers" pensions, profit from holding properties paid one way or otherr by those workers (almost everyone is a in some respects profiting from "landlording"). Landlords should 100% be taxed the same as workers and be held to a fair standards, including inheritance.
Saying that Landlords work is an utter joke. Many of them have hardly done a hard days work in their life and probably inherited the properties from relatives who have passed away. I know tenants who are constantly trying to get landlords to maintain the properties they rent, then they get a patched up job.
Does he expect us to believe he’s in servicing the fridge? Fixing the guttering? Flushing the drains? Pls, in over 15 years of renting in London I never once met someone who wasn’t a tradesperson when I logged an issue with my property.
When asked 'are you a good landlord?', the Landlord replies 'yeah, I look after my properties'. Not, 'yes 'I look after my Tenants'. This gives a glance into the perspectives of many Landlords, especially many non professional who tried to cash in on the 'buy to rent' scheme set up by Labour in the 2000s to try and alleviate housing shortage.
"it'll be another winter of discontent" 😂😂😂 The winter is discontent was an uprising by the working class. Given that the working class aren't really being targeted by this budget, that comparison is nonsense. Does this guy think landlords going on strike is going to bother people? No one would even notice
With some Tenants trying to get things fixed in their properties the landlord are practically on strike the amount of time it takes them to actually fix stuff.
These people are a large part of the reason the majority of us will never make it onto the housing ladder. Reducing available homes to buy and pushing up the price. Racking up their retirement funds on the backs of the precariat. Working hard pulling up the ladder of privilege and thriving in the inequality gap.
Just tax all income at the same rates. Doesn't matter if it's working in a supermarket or on the stock exchange. Income is income. Maybe some concessions would have to be made when people *lose* money on the stock exchange. Even a flat-rate tax would be better than people just avoiding it.
What does a days work look like for you “maintaining my properties, looking after my family” Jesus dude, you round your tenants house everyday, dusting, hoovering, emptying the bins, weeding the gardens? If the pays so bad, and the hours so long why did you build up a portfolio of 16 homes?
What no a absolute hypocrite. “Taxing private education is pulling up the ladder” then comments about letting in immigrants and mentions his family are immigrants. Hopefully by the end of this government landlords will feel the pinch their tenants have been feeling for years
Just a bunch of privileged people with grey hair who have had everything their way their entire lives crying because something hasnt fallen in their favour for the first time
Poor people. It must be very hard deluding yourself and fighting your conscience to continue exploiting others such as the nurses that can't t afford a mortgage
I only had to listen to the first guy say that Starmer can’t tell the difference between a man and a woman to make my heart sink. And then of course there was “politics of envy”.
"How can wealth persuade poverty to use its political freedom to keep wealth in power? Here lies the whole art of Conservative politics in the twentieth century." Earnest Bevin
The landlords should give us tenants a chance to see what a Real Hard Day's Work looks like, and swap lives with us for a month. And they can have a nice break from all the hard work they do 24 hours a day, and try to scrape a month's rent together.
A landlord thinking they actually work is like me buying a painting, polishing the frame once a week and saying that's work. It's asset maintenance at best
- what does a day work look like? - maintaining my property and looking after my family. that's what all people do old man..do not claim the hard work if you just have to call somebody doing the real maintenance job
Bet they don’t spent 40 hours a week, 47 weeks a year maintaining any of their properties. And even if they don’t rent them out to anyone they are still increasing in value. They can’t lose. If they can’t make any money doing it, they can quite easily sell up and retire with a huge pension pot.
Over many years people have increasingly left productive things they WERE doing in other parts of the economy and bundled into property. The rate we're going the economy will be mainly property based, we won't have manufacturing or engineering, and the underclass will be indentured serfs paying for the lifestyles of the property owning class, while never having possibility to own their own home.
'How much do you work?' 'Well, we're on call' So not much then. Just means you and whoever else you 'work' with can't all be on holiday at the same time. And even then I've had landlords 'on call' from a tropical beach
I am a HGV class 1 lorry driver average working 12 hours a day 5 days a week. I have a partner that works part time, and a 1 year old baby boy. I have a mortgage and currently going through the legal process of buying a new family home for us to grow as a family. I am remortgaging my current property onto a buy to let mortgage and will rent it out. Does this make me not working class?
@@matthewevans107 they certainly taxing me like it is my sole income. Immediate increase in stamp duty. I'm just meant to find that extra money without any prior warning
Landlords need to decide whether it's lucrative or it's hard work and poor pay. If it's the latter, which financially it is a terrible investment idea and has been for 30 years, it's a dumb ass pension idea.
I'm a landlord (just a 2nd home/flat that's rented out to someone). The work involved is: 1 hour visit a month (if tenant wants it) to discuss any issues with the property and then arranging plumbers/decorators/electricians if needed.
Anyone that tells you being a landlord is "hard work" is talking utter bollocks
I was going to say it's hardly a 40 hour a week job even if you have more than 1 property to manage. There's literally months that can go by without anything needing do and if stuff does need doing it's probably because they didn't fix everything in the property BEFORE they started renting it out. The guy who says his mate works 70/80 hours a week is talking rubbish, the only way that would happen is if they had multiple properties and they do all the repairs and work on the house literally on their own cause they are too tight to spend a few grand on a proper trades person to do a good job out of the thousands they get every month.
@@markh7457 You sound like a dream landlord. Mine says he will sort things out but is too mean to hire a professional and claims he will do it but he doesn’t. So I have no heating as he didn’t fix it (I bought oil fill radiator), I have no oven (he just went quiet about that - wouldn’t answer me) so I bought an air fryer, the bathroom is moldy due to cold, I could go on. He has managed to make sure he increased the rent by 25% this year, he was very organized about that.
@@chrisd5964 I'm not a landlord to make a profit. In fact, with the cost of maintaining things, ground rent, service charge, capital gains tax and mortgage, we only make £2,500 a year profit. That just goes to savings for when the flat inevitably needs something more major i.e. a new boiler.
Call me a champagne socialist but I don't believe that people should be able to make money for nothing.
I get more satisfaction from knowing that there's a small family living in a well maintained flat and doesn't have to worry about being scalped by a landlord.
If you think landlording is just work, then you are an idiot. You are rewarded for putting capital at risk, you did the work to get the deposit together 🤯
@@vvwalker7261 2 things:
1) This video is about what work Landlords do. The answer is very little
2) Capital isn't exactly at risk is it? How often do house prices go down at such a rapid amount that equity is then lost? Most landlords are on an interest only mortgage anyway which costs peanuts yet they charge their tenants as if they're paying a mortgage. If the housing market depreciates, the landlord isn't making a loss.
Say what you like about the budget but it's going to be a boom for manufacturers of the world's tiniest violins.
😂
I am financially ok, not rich but fairly comfortable, and agree, love seeing the wealthy cry about how hard it is. Try being a nurse who is a single mother working 60 hours a week and still has to use a foodbank. Millionaires moaning about increasing the minimum wage blows my mind. My business will lose out with NI (I pay all my staff above minimum wage anyway) and the decimation of the Buy To Let market the budget causes, I will suck it up an adapt. I think this was a great budget even though it 100% hurts me but I am a true patriot who believes in funding health and education so hopefully my children can benefit from what I had. In fact I would have gone further, we need a wealth tax and if the billionaires want to leave, bye, bye we don't want you here.
My landlord has worked so hard that the heating doesn’t work, the oven doesn’t work, the bathroom is damp and moldy and he’s put the rent up 25% this year alone. I thank him for his hard work.
If you treated the property as if it was yours or with consideration then the bathroom would not be mouldy and the heating and appliances would work.
@@elementalrainbow The property isn't theirs though. When the appliances break, you have to wait for the landlords ok to get someone in to fix them. When you tell them that the bathroom isn't properly ventilated, they shrug and do nothing. I contractually cannot make changes to this property as it isn't mine. We're at the mercy of our landlords. Acting as if it's a personal responsibility issue is either naive or stupid, take your pick.
@elementalrainbow why would they, they're paying for those to work and the place to not be moldy. That's what the rent Is for
So hard that mold doesn't grow itself 😂😂😂😂
@@elementalrainbowobviously an ignorant Tory
"Making money and not taking from the state" - the entire rental market is subsidised by housing benefit because it's so overpriced.
The largest drain on the welfare state is housing benefit and universal credit. Paying private landlords and businesses that pay their employees poorly.
@@upsidedownnoise Incorrect. Pensions are the main drain on the welfare state by a long way.
Welfare spending can be broken down into different groups, including:
Old age: The largest group, accounting for 10.4% of GDP, and mainly relating to pension payments
Sickness and disability: The second largest group, accounting for 2.8% of GDP, and mainly representing social payments in cash or in kind
Family and children: Accounting for 1.9% of GDP
Survivors: Accounting for 1.5% of GDP, and mainly containing pension payments to survivors of a deceased insured person
Unemployment: Accounting for 1.2% of GDP
Housing: Accounting for 0.3% of GDP, and mainly comprising social protection payments to households to help with the cost of housing
Social exclusion: Accounting for 1.1% of GDP, and containing benefits to persons socially excluded, such as on low income, refugees, or suffering from substance abuse
@@upsidedownnoise "Paying private landlords and businesses that pay their employees poorly."
Ye olde "socialism for the rich".
Someone needs to grow my pie. Maybe you can have a slice when it's big enough.
Total rubbish
@@jjmstudiosKeep coping because its true.
Landlords are NOT "entrepreneurs". Landlords invest in a non-productive asset. Entrepreneurs build a productive asset.
that guy in particular was so full of shit.
🤡
If being a landlord is work, then make them pay NI on their rental income.
O that's a shout
The complete lack of self-awareness some of these landlords are showing would give Liz Truss a run for her money.
The same guy talks of Labour “pulling the ladder up behind them” then continues to say he is descendent of immigrants and starts to suggest immigration is now an issue.
Couldn’t make this up. Absolutely detached from reality.
My dads a landlord and he spends most of his time in the pub 😂😂
My dads a landlord and when he had 8 properties would have to visit one of them every couple of months... a real fucking chore.
I would too with a son like you…… im sorry, I couldn’t help it.
Good for him, at least he’s not pretending it’s hard work…
rich folk upset they will be 0.5% less rich
They just jack the rent up as they think everyone else owes them a living.
How to be a landlord.
Buy a house 30 years ago when they were affordable and a morgage was 3%
Work one job in a single income household and pay off that affordable morgage in 15 years.
Buy a second home using the first home as collateral on a 2% bank loan made up of other people's savings, over leveraged by the bank to create fake money so more loans can be given, causing a bubble
Charge the renter 150%+ of the morgage payment because you have to make profit right??!?!
Inflation goes up ever year by 3%
Increase rent every year by 10%+ to stay ahead of inflation and because you love free money for doing nothing
Treat renters like scum, don't fix things, threaten renters with eviction of they bother you about anything or they try to exercise their rights.
Buy more homes using the previous homes as collateral even though you haven't paid off the morgages but these loans are 5% with teaser rates
Housing bubble bursts
Overleveraged morgages you can't afford start to balloon
Increase rent by 50/100/200% per year
Cry about how hard it is to be a landlord
I'm a landlord, 2 flats locally. Some thoughts...
No I don't work hard - occasionally there is a spurt but it's not that often.
Tax is fine - there are disincentives which prioritise owner occupier as it should be. The easy access to landlord finance and the ability to leverage has always created an unfair advantage but that is now changing.
More regulations are fine - bring more on. Homes should be safe, a good standard and not cost a fortune to run.
The main problem is there aren't enough homes - rent or buy the number of people to the number of properties isnt right. I can get 40-50 people enquire about a flat. Fix the supply and everything sorts itself out, but you wont fix the supply if you rely on just the handful of house builders who restrict supply.
There is always a need for private rented accomodation - not everyone is in the stage of life where they are looking to buy.
Renting out housing is not the same as running a business as it doesnt generate productivity for the economy - tax should be different.
And the budget hasn't hit any of the aspirational nonsense talked about by some of these idiots - its gone after the super rich land bankers avoiding IHT, and CGT on non residential property so doesn't impact landlords.
Stamp duty increase on buy to lets is marginal - i'd put it to 10%.
Is it morally right to invest in residential property? Well there does need to be private landlords but greed needs to be capped, standards enforced and the benefits of wider society looked after compared to the few.
Amen brother
Renting is not capitalism, landlords are not entrepreneurs. It's feudalism. The clue is in the name landlord. These extremely mediocre people benefiting from cheap housing when they were working age have little justification to act so superior.
Not sure I can see much difference between capitalism and feudalism to be honest. One's a system where the powerful maintain their power generationally by inheriting parent to child, and feudalism is the same but with more private armies
Government needs to shift from taxing income to taxing assets, until that happens we will live in an unequal society full of stuck up pricks like this.
Oh god, first guy literally starts with the "Can't tell difference between a man and a woman" schtick... Can they hear themselves?
Can they hear others repeating the same scripted populist lines in other countries? No, because nationalists prefer to isolate.
To be fair to him the concept of women with penises and pregnant men is a very recent discovery, it wasn't taught in school untill 2 yrs ago.
He is reflecting an actual reality that is kier Starmer. Reality hurts
@@JackxJewell Aha, the cultists have arrived. Come on in lad.
@@JackxJewell when all is lost go culture war . is that lee anderson .
"Striving", "Difference between man and a woman", "Politics of Envy" and "Blob". Really hit Daily Mail/GB News Bingo there.
Don't forget Nation of Shopkeepers and a random comparison to the Poll Tax?
It was a marvellous combination wasn’t it?
“They’re a pension Avenue for me later on”
Yes. Someone else is buying you a house.
.....but, but, but I have to replace the fridge or clapped out washing machine if it goes kaput! I shelled out £322 three years ago on a tax deductable cooker.
Yes indeed. All three of my kids rent. Quite soon I’d like to think we can help them out with a mortgage but all three of them are much older than I was when I managed to buy my house.
A landlord calling anyone a thief
"Maintaining my properties. Daily." 😂😂😂😂😂😂😂😂😂😂
logged a modification required by law for the property i am in back in April, they're coming in Feb. Daily my ass.
Like in old games, he walks to the building and hits it with a hammer for 8 hours, and it looks better than in the morning xD
Poor landlords having to have their phone on 24/7 must be a pain
They complain about that but I bet when labour raised the idea of a right to switch off rule for real workers they didn't like that cos it's socialism or something
I know many landlords who go on holiday constantly and pay a ''manager'' to look after the houses. They visit properties once a year or less! :)
The guy who said he's a decent landlord then says he owns a HMO wow just wow.
HMO doesn’t mean it’s a dive. Though I don’t like them personally because they’re usually converted family homes.
My thought exactly
HMOs around my area means wacking a massive extension on back leaving the garden now the size of a shed. Halving the size of the living room and kitchen for another couple of bedrooms. Now because the extension on the back is the entire width of the house the lounge being in the middle of the house now has no outside walls and therefore no windows. Lucky I've not the privilege of going in one, just seen the floor plans and photos on right move. Have to fit as many bedrooms in as possible to rake in those profits. living room like a dentist waiting room. Bleak as f 😞
@ yep!
I would love to see any one of these landlords doing just one day's hard work in a care home or an in-patient psychiatric ward. Minimum wage, 12-hour shifts. And their tenants can swap lives with them for the day. I think that would make great TV. Maybe us tenants would learn what hard work really looks like?
“Taxed to hell or high water” or significantly less than someone paying PAYE.
Just all bull. They wouldn't do it if it was not lucrative. One of them said it's capital risk, actually it's less risk than other investments. Property prices really go down and when do don't take long to recover unlike the stock market.
"Hes alright for the super rich, hes not looking after the normal people, run of the mill, ordinary."
"How bigs your portfolio?"
"Errr 4"
Your not normal or ordinary run of the mill, you are super rich.
Lol, your definition of super rich is wild then. Having 4 properties does not make you super rich...
it's remarkable that they're managing to spend 80+ hours a week managing their property, when I own my own home and the amount of management it requires, including cleaning, is about 30 minutes a week...
I've met my landlord once in 6 years. Hes grand, never put rent up on me but outside of the maybe 1 or 2 calls we have a year about stuff that needs fixing. Hes had nothing to do here for 7.2k a year.
Ed's laugh in the guy's face at 0:20 😂
If your tenent is paying your mortgauge then you are stealing their abilaties to buy their own homes.
You pay someone’s mortgage whenever you visit a shop or restaurant
@@anonymousf7byyj landlords are economic parasites that take money out of the economy. Shop owners and restauranteurs form part of a functional economy, they are not the same.
@@anonymousf7byyj Well yeah, but they sell something I'm not capable of getting or producing myself. Landlords sell me something that I only can't get because they've bought up all the supply and pushed priced out of my reach. Like a ticket scalper buying up all the Taylor Swift tickets and then claiming to be providing them when they sell them on for twice the price. There will always be people who need the flexibility of renting and people who can provide that service. But nowadays, we don't have that. We have people being forced into buying that service through lack of other options, in large part because of the actions of the people providing that service.
And the land lord profits from the appreciation in value of the asset the tenant has paid for.
@@anonymousf7byyj
The cost of visiting a shop or a resarauant dosn't come to £1000 a month unless you are a landlord or an TORY MP.
Most aspirational people who are still working, aspire to own their home; not…..everyone else’s.
Home ownership is a con, you don't need to own a house to live in it,
Most of Eurpope rent their houses at 1/3-1/2 the cost of a mortgage. (through housing associations)
I am buying an ex-council house, I would have preferred it if I could be here in a council house!
The council owned houses have all had new roofs, windows & heating!
I can barely afford my mortgage with the interest rates and my roof is on the brink of collapse!
🤷
Old people with all the money moaning again. What a surprise.
3:50 hardly an original thought in this man's head. He sounds like someone asked ChatGPT to write his lines in Tabloidese
Noticed none of them are maintaining their properties in the video, looks like their on a stroll.
Pretty sure this is from the conference earlier in the year, they were attending I think
There was a time when being a landlord made you a fantastic return. That's why they feel so aggrieved that they are having to pay their way a bit more now. Many landlords do literally nothing and let a management company do everything.
I would LOVE is someone tracked down the properties these people own to see the condition and talk to the tenants
Or did a documentary following them for a few months to see the day-day work they do, I'm sure it will be completely comparable to a 10 hour Kitchen worker, a 12 hour warehouse operator or a 16 hour Nurse's shift.
Unlikely the tenants would talk openly, no fault eviction still exists.
1:16 - "Not to take from the state, but make your own"
So, taking property away from other people and getting the money other people make?
Hypocrisy really gets around.
The guy with one property who says he works everyday on the property...I'm worried for their tenants, wtf is he doing there every day?!
"What does a day's work look like to you?"
"Hard to say really..." i.e. I do nothing most days so couldn't really tell you mate
Why is it every property I’ve ever rented sent qualified tradesman when an issue arises? Everyone of them were managed via a letting agent, never once met a landlord in nearly 15 years of renting in London.
Yet I’m led to believe that these landlords make pennies on the pound, barely scraping by, blah blah blah.
@glowwurm9365 either that, or the same bloke turns up every time anything needs fixing, who tells you he's qualified to do all of it, but turns out he's actually the landlord's nephew/uncle and is only actually qualified in the Landlord Special 🩹
Crocodile tears
2:03 16 properties! What absolute vultures. The guy can't even look ed in the face.
Oh it's divided between an unspecified number of family members so it's 'not as bad'
They've had tenants with them for a long time so they must be doing something right.. from their own perspective yeah, preventing people from getting on the ladder themselves!
" He don't make nothing, he don't do nothing" Describes landlords perfectly tbh
When you produce nothing but make billions in profit off the backs of workers, rents three times higher than the minimum wage in the economy, water, gas, etc. These bring workers into great poverty, make them dependent on food banks and other aid,, Although workers work hard😢
So glad to see hard workers paying their NATIONAL INSURANCE and CGT at INCOME TAX RATE..... and then they go silent.
I know many landlords who go on holiday constantly and pay a ''manager'' to look after the houses. They visit properties once a year or less! :)
@@BikeTipsUK One ex-landlord o mine was on the ski slopes more than Eddie the Eagle, could afford that but not decent maintenance of bedsit...
This is what the tories have been doing for 14 years, accusing public sector workers of being lazy, the newspaper print it week after week. Labour come in and say the same thing about landlords and suddenly landlords are hard working people that provide a service out of the goodness of their hearts and gold shoots out there ***. Where was this defence of striking doctors and nurses
There is an agency in our town that runs 100 properties (student town). The owner has two members of staff and all three work full time including running a reception, thats all it takes.
Tax wealth and assets equally regardless of class and yes that includes you Charlie boy no inheritance tax Royals
@@Stuboy absolutely. Better still, strip them of their titles, wealth and assets and get them to fill out their Universal Credit claims.
Remember, the majority of "workers" pensions, profit from holding properties paid one way or otherr by those workers (almost everyone is a in some respects profiting from "landlording"). Landlords should 100% be taxed the same as workers and be held to a fair standards, including inheritance.
Saying that Landlords work is an utter joke. Many of them have hardly done a hard days work in their life and probably inherited the properties from relatives who have passed away. I know tenants who are constantly trying to get landlords to maintain the properties they rent, then they get a patched up job.
Landlords aren’t working people. They’re sharks.
Get the violins out for these poor landlords 😢.
I would really like to know what work a landlord would be doing for 70 hours a week.
My shares in the world’s smallest violin factory will be paying out
Does he expect us to believe he’s in servicing the fridge? Fixing the guttering? Flushing the drains?
Pls, in over 15 years of renting in London I never once met someone who wasn’t a tradesperson when I logged an issue with my property.
I've lived in a rented property for six years and never met my landlord. Occasionally a plumber turns up for a boiler check. Landlords have it easy.
How far apart have different facets of society gone is actually mind bending. LOL.
In case you were wondering who actually watches GB News...
When asked 'are you a good landlord?', the Landlord replies 'yeah, I look after my properties'. Not, 'yes 'I look after my Tenants'. This gives a glance into the perspectives of many Landlords, especially many non professional who tried to cash in on the 'buy to rent' scheme set up by Labour in the 2000s to try and alleviate housing shortage.
Won’t someone think of the poor overworked landlords
"This budget is the equivalent of Thatcher's poll tax" made me laugh out loud.
And they say nurses have it tough 😢
"it'll be another winter of discontent" 😂😂😂
The winter is discontent was an uprising by the working class. Given that the working class aren't really being targeted by this budget, that comparison is nonsense.
Does this guy think landlords going on strike is going to bother people? No one would even notice
With some Tenants trying to get things fixed in their properties the landlord are practically on strike the amount of time it takes them to actually fix stuff.
"He can't tell a man from a woman"
"I'm not a socialist"
Yeah I guessed that already buddy.
They've had it so easy that's why they are in the business. They've had it too easy for too long and got used to it. Time to pay the ferryman.
Their reaction to being asked what they do daily was quite funny, trying to make it sound like being a landlord requires doing something every day.
These people are a large part of the reason the majority of us will never make it onto the housing ladder.
Reducing available homes to buy and pushing up the price.
Racking up their retirement funds on the backs of the precariat.
Working hard pulling up the ladder of privilege and thriving in the inequality gap.
Just tax all income at the same rates. Doesn't matter if it's working in a supermarket or on the stock exchange. Income is income.
Maybe some concessions would have to be made when people *lose* money on the stock exchange.
Even a flat-rate tax would be better than people just avoiding it.
What does a days work look like for you “maintaining my properties, looking after my family”
Jesus dude, you round your tenants house everyday, dusting, hoovering, emptying the bins, weeding the gardens? If the pays so bad, and the hours so long why did you build up a portfolio of 16 homes?
This is the cringe content for the 2020s!
What a bunch of whinging victims
What no a absolute hypocrite. “Taxing private education is pulling up the ladder” then comments about letting in immigrants and mentions his family are immigrants. Hopefully by the end of this government landlords will feel the pinch their tenants have been feeling for years
Just a bunch of privileged people with grey hair who have had everything their way their entire lives crying because something hasnt fallen in their favour for the first time
The only time most landlords respond quickly is when they don't see the rent in their bank account
Landlord strike now!
... and forever
These kinds of landlords never come of looking good when they speak, do they.
A landlord is a business, is not a working person.
Poor people. It must be very hard deluding yourself and fighting your conscience to continue exploiting others such as the nurses that can't t afford a mortgage
I only had to listen to the first guy say that Starmer can’t tell the difference between a man and a woman to make my heart sink.
And then of course there was “politics of envy”.
"He doesnt help normal people like me"
How many properties do you own?
"4"
Ah yes the normal amount to own
Wait until your tenant's pension can't pay your "pension".
"How can wealth persuade poverty to use its political freedom to keep wealth in power? Here lies the whole art of Conservative politics in the twentieth century." Earnest Bevin
The landlords should give us tenants a chance to see what a Real Hard Day's Work looks like, and swap lives with us for a month. And they can have a nice break from all the hard work they do 24 hours a day, and try to scrape a month's rent together.
A landlord thinking they actually work is like me buying a painting, polishing the frame once a week and saying that's work. It's asset maintenance at best
- what does a day work look like?
- maintaining my property and looking after my family.
that's what all people do old man..do not claim the hard work if you just have to call somebody doing the real maintenance job
FFS, Terry Tibbs "Talk (bollocks) to me!"
Hahaha, he called her Rachel Thieves... that's so whitty, original and true!!! Hahahaha 😒
Landlords may or may not be working people but they do work the people. They work them hard.
Bet they don’t spent 40 hours a week, 47 weeks a year maintaining any of their properties. And even if they don’t rent them out to anyone they are still increasing in value. They can’t lose. If they can’t make any money doing it, they can quite easily sell up and retire with a huge pension pot.
Over many years people have increasingly left productive things they WERE doing in other parts of the economy and bundled into property. The rate we're going the economy will be mainly property based, we won't have manufacturing or engineering, and the underclass will be indentured serfs paying for the lifestyles of the property owning class, while never having possibility to own their own home.
just look at them they all aged beyond their years ; build council houses
I came away from this video understanding that landlords are most definitely not just.
Then maybe, as a profession, get on top of the bad eggs amongst yourselves.
'How much do you work?' 'Well, we're on call' So not much then.
Just means you and whoever else you 'work' with can't all be on holiday at the same time. And even then I've had landlords 'on call' from a tropical beach
Ed: 'gloomy'
Landlord (who definitely doesnt remember the 70s): 'cool man'
He's either aged very rapidly or he's definitely old enough to remember the 70s
@craftinghome whoosh
How many landlords voted Labour? Why ask them to praise Starmer?
Landlord: moan moan moan
Oil: how many properties do you own
Landlord: Swindon.
If you don't offer good terms after 14 years of being hyper-acquisitive then you can eat austerity.
I think if labour went after the poor in this years budget the politicians would have to get full time security and armoured vehicles
I am a HGV class 1 lorry driver average working 12 hours a day 5 days a week.
I have a partner that works part time, and a 1 year old baby boy. I have a mortgage and currently going through the legal process of buying a new family home for us to grow as a family. I am remortgaging my current property onto a buy to let mortgage and will rent it out. Does this make me not working class?
Have you checked the tax implications, is it even worth it with the extra stamp duty etc if the property is in your name ?
No because it’s not your main source of income. Video is talking about those whose sole income was property.
@@matthewevans107 they certainly taxing me like it is my sole income. Immediate increase in stamp duty. I'm just meant to find that extra money without any prior warning
Some serious pearl clutching happening here lol.
"tenants and toilets are hard work" (clearly he aquaints the two!) he prefers to be a middle-man who takes the money and buggers off
Ah well, if you're a hard done by landlord you can always get a[nother] job, or cut down on the avocados and lattes.
The delusion runs deep.
Landlords need to decide whether it's lucrative or it's hard work and poor pay.
If it's the latter, which financially it is a terrible investment idea and has been for 30 years, it's a dumb ass pension idea.