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[–]PencilPusher55 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (2 children)

Why are landlords viewed as these subhuman millionaires? They need to make an income too, right?

[–][deleted]  (1 child)

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    [–]GConly 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    Housing's a limited resource, and they go around buying it all up to profit off of people who need somewhere to live.

    Depends how you look at it. Buying up smaller properties is kind of scummy, and I think BTL mortgages on properties under a certain value or sq footage for rental shouldn't be allowed.

    But... We have some stupidly oversized Victorian and Edwardian houses that really are best used broken up into apartments or bed sits and a lot of people do need temporary rentals (students etc).

    There's also the 'we need a bigger house but want to keep the old family place for the future' purchasers.

    Personally I think restricting BTL mortgages on small properties and backing super cheap state rental property is a better way to go.