Evictions - this is a ticking time bomb
Discussion
It seems 100k's of peoples lives have stopped due to COVID-19.
One example I have is a family member, although quite distant, who is on furlough and in all likelihood will not have a job to go back to in November. He took the decision not to pay rent and pocket all the monies he gets as an emergency fund when the inevitable happens.
His landlord has been writing weekly and calling asking for rent. It seems to me that my relative understands and believes his landlord it desperate for rent, in financial trouble and is not a wealthy man. It seems like it is every man for himself...
Ticking time bomb:
https://www.homesandproperty.co.uk/property-news/r...
One example I have is a family member, although quite distant, who is on furlough and in all likelihood will not have a job to go back to in November. He took the decision not to pay rent and pocket all the monies he gets as an emergency fund when the inevitable happens.
His landlord has been writing weekly and calling asking for rent. It seems to me that my relative understands and believes his landlord it desperate for rent, in financial trouble and is not a wealthy man. It seems like it is every man for himself...
Ticking time bomb:
https://www.homesandproperty.co.uk/property-news/r...
Turfy said:
One example I have is a family member, although quite distant, who is on furlough and in all likelihood will not have a job to go back to in November. He took the decision not to pay rent and pocket all the monies he gets as an emergency fund when the inevitable happens.
His landlord has been writing weekly and calling asking for rent. It seems to me that my relative understands and believes his landlord it desperate for rent, in financial trouble and is not a wealthy man. It seems like it is every man for himself...
Sounds like a lovely person.His landlord has been writing weekly and calling asking for rent. It seems to me that my relative understands and believes his landlord it desperate for rent, in financial trouble and is not a wealthy man. It seems like it is every man for himself...
Apparently Labour won the election which is why we have this poorly thought through one-sided setup where landlords are getting screwed without compensation - if the government wants people to stay in housing without paying the rent they should pay instead.
Nick van Hoogstraten had the right idea for dealing with tenants who think it's clever not to pay.
Nick van Hoogstraten had the right idea for dealing with tenants who think it's clever not to pay.
pquinn said:
Apparently Labour won the election which is why we have this poorly thought through one-sided setup where landlords are getting screwed without compensation - if the government wants people to stay in housing without paying the rent they should pay instead.
Nick van Hoogstraten had the right idea for dealing with tenants who think it's clever not to pay.
He really didn't.Nick van Hoogstraten had the right idea for dealing with tenants who think it's clever not to pay.
He bought houses with Regulated Tenants and forced them out by taking out their windows and stairs and through threats and violence.
If that is the type of landlord you are/aim to be, I hope you end up in jail.
JPJPJP said:
Does he think the emergency fund he will build up by not paying rent is worth more to him than a trashed credit rating & the increased difficulty of finding another LL to give him a tenancy if they find out about him not paying his previous LL?
His current landlord will probably end up giving him a glowing reference just to be rid of him!Emergency fund my hole, I hope landlord takes him to the cleaners for rent owed. That's not what furlough was intended for.
The gov will kick the evictions ban down the road far enough to allow the vast majority of tenants to be settled back into work, and the fallout of furlough to be assessed.
In the eyes of the country, particularly the left, landlords are rich greedy property-hoarding b
ds who should be removed from society, however the reality is majority of landlords have just 1 property, so if the tenant decides not to pay, it puts a lot of people in trouble.
The commercial landlords are also getting shafted, which is a bigger problem.
The gov will kick the evictions ban down the road far enough to allow the vast majority of tenants to be settled back into work, and the fallout of furlough to be assessed.
In the eyes of the country, particularly the left, landlords are rich greedy property-hoarding b
ds who should be removed from society, however the reality is majority of landlords have just 1 property, so if the tenant decides not to pay, it puts a lot of people in trouble. The commercial landlords are also getting shafted, which is a bigger problem.
Edited by dazwalsh on Thursday 17th September 10:00
I could do with thousands of pounds to put in my savings as well, but I won't rob someone else to do it. Because when it comes down to it, your friend isn't any better than a desperate street mugger.
Worse actually, since you've said he can afford the rent, but is simply refusing to pay to better his own financial position at the expense of his landlord.
Worse actually, since you've said he can afford the rent, but is simply refusing to pay to better his own financial position at the expense of his landlord.
Given that tenants now have a free pass not to pay rent, and a six month notice period, yes it's a ticking time bomb.
Having been through the eviction it's also long, painful and expensive process at the best of times. Once this is over the system will be clogged with thousands of evictions, and the news will be full of nasty landlord/sad face tenant stories.
If the government wanted to introduce social housing on this scale, it should pick up the bill, not just make the landlord shoulder it. It's still better than Labours plans to offer your property to the tenant at a 25% discount (at the Landlords cost).
I'm ok so far, but I know someone who's lost their day job, and both their tenants are refusing to pay rent. He is totally screwed financially. The mortgage companies want paying regardless, and they have the option to take the property.
Having been through the eviction it's also long, painful and expensive process at the best of times. Once this is over the system will be clogged with thousands of evictions, and the news will be full of nasty landlord/sad face tenant stories.
If the government wanted to introduce social housing on this scale, it should pick up the bill, not just make the landlord shoulder it. It's still better than Labours plans to offer your property to the tenant at a 25% discount (at the Landlords cost).
I'm ok so far, but I know someone who's lost their day job, and both their tenants are refusing to pay rent. He is totally screwed financially. The mortgage companies want paying regardless, and they have the option to take the property.
Edited by 98elise on Thursday 17th September 10:05
Maybe on here, but you won't find much sympathy for landlords in the wider community.
Perhaps more importantly, has the same protection been offered to residential mortgage payers or are banks more important than landlords when it comes to missed payments and taking possession of properties?
Perhaps more importantly, has the same protection been offered to residential mortgage payers or are banks more important than landlords when it comes to missed payments and taking possession of properties?
HTP99 said:
What is this person going to do once it all finally catches up with him, he can't go on indefinitely not paying and living rent free?
I think like 10's thousands, if not 100's thousands, once thurlough ends, there is going to be very sizable problems. The unemployment queue is going to leap at an alarming rate.I think we can agree, and I hope it was not coming across that I was condoning his actions. He is looking for a job like many thousands of theatre set designers...(add cabin crew, retail, etc, etc...to the list).
At the moment, no money is coming in and he has to feed his young family and he has prioritised this over paying his rent; it seems.
ETA...the landlord is directly affected by this too as he too is struggling. Unlike so many on here, I'm not anti-landlord. I'm anti scumbag, slum landlord but if the business is run correctly and adheres to the legislation set down and the tenants are treated as they should be, no issues.
Tough times ahead...
Edited by Turfy on Thursday 17th September 11:05
Taylor James said:
Maybe on here, but you won't find much sympathy for landlords in the wider community.
Perhaps more importantly, has the same protection been offered to residential mortgage payers or are banks more important than landlords when it comes to missed payments and taking possession of properties?
I can understand it from the public, but the government should know better. A typical BTL will yield about 5% gross, so before you factor in any costs. It's not a hugely profitable business, but that's because it's reasonably low risk.Perhaps more importantly, has the same protection been offered to residential mortgage payers or are banks more important than landlords when it comes to missed payments and taking possession of properties?
The government is paying people 80% of their wages, or UC/Housing benefits if they are out of work, so why the need to make the Landlord foot the bill?
Lots of people will lose their homes and end up with CCJ's because the government is legitimising non payment of rent. In my experience once rent becomes "optional" it's the first thing a tenant stops paying when they are short of money.
HTP99 said:
What is this person going to do once it all finally catches up with him, he can't go on indefinitely not paying and living rent free?
Put a deposit down on his own house with the 9 months+ worth of rent he's squirrelled away?Edited by ChocolateFrog on Thursday 17th September 20:42
Biggy Stardust said:
When there is a massive shortage of properties to rent the government will say that they never intended this (entirely foreseeable) consequence & it will all be the landlords' fault for not providing the necessary capacity.
Landlords aren't going to board up and abandon their properties.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff