Comments by "TJ Marx" (@tjmarx) on "Homeless families forced to live in tents and hotels as temporary accommodation runs out | ITV News" video.

  1. Can't blame the council for this, they have finite resources and demand beyond what those resources can accommodate. This is what happens when you allow the private rental model to change from a long term investment where the landlord gets an asset at the end, and eventually after everything is paid off makes an income on rent, to one where landlords use rent as the asset and their day to day income. Being a landlord is NOT a job, you are not a "businessman" because you own property and extort the vulnerable. Rent is not intended to generate profit for a landlord from the purchase of a property. It's not even intended to cover the whole of a mortgage payment. There need to be greater safeguards in place in addition to scrapping section 12 evictions. Things like how frequently rent can go up, and the percentage increase that it can go up by. The latter needs to be linked to the property not the tenant and apply regardless of whether a tenant is in a property or not. Yes, that would pull many of the people who are using the wrong business model out of the landlord market. But, those properties do not disappear. They go up for sale, where another landlord, council or an owner occupier can buy them. So the net property supply remains more or less the same. The incentive to be a landlord remains as it always has, you get a subsidised asset. Supply obviously needs to be increased but realistically that isn't going to be delivered in any meaningful way for 5-10 years. It takes time to build liveable homes. Supply alone is not the answer, you don't solve these fundamental problems in the system of rental housing changing from long term investment to a short term business model with supply. Fixing that now will ease the rental crisis now and ensure it's a robust system into the future.
    6
  2.  @NotoriousGremio  Rentals have traditionally made no profit from rents until after the mortgage is fully paid. The asset itself is the investment, that's where the wealth and equity comes from. The housing market is not hot because people are buying up houses to lease, lol. The market is hot because of artificial demand continually injected into the system. Your reply really is quite amusing.
    1
  3.  @manazon6945  No.
    1
  4.  @NotoriousGremio  The claimed anecdotal "experience" of someone hiding behind a pseudonym on the internet, with an undetermined age and unverifiable nature of claimed experience doesn't mean much of anything mate. That the rental market worked the way I described isn't a matter for debate. It's objective, verifiable fact. As is the reality of artificial demand in the property market now inflating sale prices. No, it isn't at all that complicated nor are there that many variables. It's really quite straightforward actually.
    1
  5.  @NotoriousGremio  Yet again you misrepresent what I said. Good gosh. Come back when you're willing to show your real name and be accountable for your words. Meanwhile, 2 centuries of rentals and property data says I'm right. 😂
    1