Landlords quitting "in droves" since Renters' Rights Act
thenegotiator.co.uk
Colin Bradshaw, of TwentyCi, says property owners are leaving the rental sector because it is "no longer viable".
  • 0x0f@piefed.socialEnglish
    591·
    5 days ago

    Good, because fuck people who buy properties just to earn steal money.

  • cman6@lemmy.worldEnglish
    30·
    5 days ago

    Hahaha! Good. That gets rid of the shit landlords. The changes aren’t even that dramatic. You can’t get rid of a tenant if they haven’t done anything wrong, is one of the new changes. If that makes a landlord “quit” then good riddance

  • undu@discuss.tchncs.deEnglish
    281·
    5 days ago

    This mean that house prices will fall since fewer buyers will be interested. The question is whether the houses will be gobbled up by private equity or will be allowed to fall down enough for more people to start buying houses to live in

      • Khanzarate@lemmy.worldEnglish
        51·
        5 days ago

        Only if those firms smell a profit, which apparently means selling them, rather than renting them.

        Unused property makes no money.

        I see hope, but likely the government will need to continue to support this.

    • Nighed@feddit.ukEnglish
      5·
      5 days ago

      There was a short term burst of 1/2 bed houses on the market. It’s mostly worked through now.

      Source: I want to move house.

  • Treczoks@lemmy.worldEnglish
    6·
    5 days ago

    Most of them overpaid and overmorgaged. They had to rent out at the highest possible rent to generate profit. Now they get fucked by their own greed.