[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 836 KB, 913x761, Screenshot 2022-06-25 at 08-06-36 'I don't know how I'll support my family' landlords' retirement dreams in tatters.png [View same] [iqdb] [saucenao] [google]
49966168 No.49966168 [Reply] [Original]

> Ben Cameron*, 60, has now decided to sell his 30 buy-to-lets, a portfolio he had built to fund retirement. “It is the final nail in the coffin. The Government is derailing my pension plan. I have no idea what I will do to look after my family or where I will go for security now,” he said.
Hope he dies in the gutter.
https://www.telegraph.co.uk/property/buy-to-let/dont-know-how-support-family-landlords-retirement-dreams-tatters/

>> No.49966181

He sells 30 properties and doesnt have enough for retirement with 60? Kek

>> No.49966193
File: 21 KB, 387x461, huh.jpg [View same] [iqdb] [saucenao] [google]
49966193

>>49966168
Kick the bucket boomer

>> No.49966194
File: 19 KB, 259x194, F42ED299-42CC-4600-89C5-A6F698D574DC.jpg [View same] [iqdb] [saucenao] [google]
49966194

>>49966168
I bet you do and can’t afford to die over unpaid rent but let’s block access to banks and abuse poor people so they stay that way

>> No.49966238

Who would you prefer to own the property you rent? The government? Blackrock? Or are you living in a fantasy where housing just magically appears and maintains itself and you get to live in it for free?

Serious question.

>> No.49966254

>>49966168
Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value and private property is theft. Ever escalating recessions, poverty, disease, pollution, slavery and wars are fundamental and necessary functions of it and every single financier(landlord, banker, boss etc)or crypto dudebro is a literal parasite.

>> No.49966287

>>49966168
So because he can't just evict people arbitrarily whenever he wants with 2 months notice, the whole business plan is just undoable now? Does he not realize that students don't just go to scho for 1 year and need a place to live in the summer too?

I didn't just leave my apartment because my semester ended, fucking boomers kek. I hope he gets no bids, RE crashes and he goes bankrupt as his hoard of houses rots on the open market

>> No.49966292

>>49966254
We must install a ruthless, bloated, totalitarian government instead and then eat the bugs!

>> No.49966310

>>49966238
Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value and private property is theft. Ever escalating recessions, poverty, disease, pollution, slavery and wars are fundamental and necessary functions of it and every single financier or crypto dudebro is a literal parasite.

Parasites and bootlickers such as yourself will all be soon euthanised. If water, shelter and food are not provided and have to be fought for then society has literally no reason to exist other to subjugate and enslave everything innocent and beautiful.

>> No.49966343

>>49966254
this is copy pasta and shitty at that

>> No.49966345

>>49966238
They don’t care. It’s just the low eq 5 minutes hate liberals who can’t think beyond one step.

>> No.49966346

>>49966310
That's great, now answer his question schizo.

>> No.49966373

>>49966346
? If you live in a house you own it and nobody can own property they dont use. I already answered it are you braindead or something? Private property cant exist

>> No.49966380

>>49966310
All those things are provided for, retard. You just have to exchange worthless paper/digits for it. You dumb commie liberals would rather go back to killing each other.

>but but government can provide it for free

No it can’t. Government can’t do shit. Government is people as well. You’re looking for paradise. Let me tell you something: it doesn’t exist. Now go move to china, you absolute dingleberry retard. Your parents should have kicked the shit out of you.

>> No.49966381

>>49966168
>Housing at peak prices
>Selling 30 lots
>60 years old
How is this boomer not able to retire of this?

>> No.49966392
File: 22 KB, 612x491, 3443.png [View same] [iqdb] [saucenao] [google]
49966392

Why old people need money?


Just do some calisthenics and eat healthy before your 60-70yo and then die

>> No.49966396

>>49966373
Uh huh, now define “use”.

>> No.49966398

>>49966392
boomers don't need money for stuff.
they need it because they are insatiable psychopaths.

>> No.49966404

>>49966168
>Ben Cameron*
Topkek, bet his real name is David Goldstein or Abdul Rahman

>> No.49966424

>>49966381
The Telegraph is run for the banks and establishment.
Read about this guy who wrote negative articles about HSBC and got a call from the editor who was called by HSBC, who threatened to pull advertising:
https://www.opendemocracy.net/en/opendemocracyuk/why-i-have-resigned-from-telegraph/

>> No.49966602

>>49966396
Live in it? Lmao

>> No.49966619

>sells 30 properties
>can't retire on that money
why are boomers so stupid

>> No.49966625
File: 99 KB, 600x468, 1650475835761.jpg [View same] [iqdb] [saucenao] [google]
49966625

Owning my own apartment means I pay over 60% less per month to live in it. Paying rent in my country is more expensive in 95% of the cases and rent prices keep rising more than my utilies are. Rentlets are fucking stupid.

>> No.49966647

Also:
>owns 30 properties
>isn't using the excess proceeds to top up a SIPP which gives complete tax relief up to 40k per year

>> No.49966707

>>49966238
Me.

>> No.49966711

>>49966238
Letting out a property or room for some extra income is fine
Buying dozens of townhouses, cramming 3 'studio flats' in each one and renting for £1k a pop is psychopathy

>> No.49966718

>>49966238
boomers at every level of government have manipulated zoning laws to make housing more scarce and pump their own bags
ancaps and commies alike should drag them out into the streets for this

>> No.49966783

>>49966238
I would prefer the own the property i live in, owning 30 properties is pure greed i hope this faggot kills himself

>> No.49966798

I think the government should set a base max low rent everyone needs to pay. Hard workers like Ben spent their whole life building up this kind of portfolio and we can't afford to let him become poor

>> No.49966834

>>49966238
>Or are you living in a fantasy where housing just magically appears and maintains itself
I'm living in a shithole where the governments number one concern at all levels is increasing the price of housing and the main way they do it is through constraining supply of new housing and genocide via mass immigration.
You should be killed.

>> No.49966844

>even small properties in the south now cost £300,000
>sell 30
>£9 million or more
>how ever will I support myself
Now I'm no Maoist but I'm starting to understand where he won his popularity

>> No.49966862
File: 22 KB, 720x643, 1551485097087.jpg [View same] [iqdb] [saucenao] [google]
49966862

>>49966238
>Who would you prefer to own the property you rent? The government? Blackrock?
Wow Moshe are those my options?

>> No.49967173

>>49966798
I know you are larping but they actually do this via housing benefit.
Housing benefit is the state paying rents the market cannot support.

>> No.49967424
File: 25 KB, 496x164, WoeBeMe.png [View same] [iqdb] [saucenao] [google]
49967424

>>49966168
'Final Nail' - if only, you miserable selfish old fucking wankstain, save us some rope and listening to another 3 decades of your shite. Boomers + self-reflection, not ever once.

>> No.49967539

>>49967424
I would love to put the final nail in his coffin.
> 60 buy to lets
Get me the hammer.

>> No.49967564

>>49966181
>>49966381
>>49966619
>>49966844
It's called an interest only mortgage retards. He puts 5% down and only pays the interest on the mortgages, he doesn't own shit.

>> No.49967587
File: 61 KB, 850x400, DkAYuq3XcAI5IbX.jpg [View same] [iqdb] [saucenao] [google]
49967587

>>49966238
>someone ELSE has to own it
landlording should be abolished. apartment buildings should exist as cooperatives. anyone who disagrees with this is a kike who deserves to be ritually dismembered with a hacksaw.

>> No.49967639

>>49967564
>build an empire of sand
>be surprised when it collapses

>> No.49967644

>>49967587
land value tax please.

>> No.49967766
File: 101 KB, 1080x395, 20220625_153409.jpg [View same] [iqdb] [saucenao] [google]
49967766

>>49966168
i should be glad about this as a renter in the uk but honestly I just don't give a shit anymore - housing will never be affordable here because we are simply too full
england is endless suburbs where it isn't green belt or cities and the portion that is green belt is shrinking and the portion that is city is growing

just look at these average house prices : $340k for a two bedroom house
and it will be a semi or a terrace too
it's just insanity and i can't wait to gtfo of this shithole
house prices might have exploded in the us and australia too but at least you get a house for what you pay and not a shitty terrace with paper walls where you can hear the pakistani family next door hollering in jawa or smell them stinking out the building with shit stew

>> No.49967800

>>49967564
>>49967639
no idea how much the interest of 30 mortgages would be but he had to get some of the properties for dirt cheap in the past 30-40 years, no? all of the values must have skyrocketed, there's no way he doesn't profit from selling.

>> No.49967859

>>49967800
he wont have owned any of them but he should have still profited from interest only mortgages
the fact he had a portfolio of 30 properties does still illustrate he is rich and just an asshole boomer who "needs" 120k a year when he owns his home and has no dependents

>> No.49967886
File: 13 KB, 256x256, D47FFAF2933841DEB960349B764B51EA.jpg [View same] [iqdb] [saucenao] [google]
49967886

>>49967766
Man I can't believe I bought in 2019 before the coof came around. Same feeling buying just before a massive bull run.

>> No.49967892

>>49966168
hehehe....... sweeeeeeeet

>> No.49967924

>>49967766
10-20 years' average salary for a small house. How does anyone look at that and not conclude that we're completely fucked?

>> No.49967933

>>49966238
>The government?
works pretty well in Singapore. Are you gonna say they are commies?

>> No.49967942

>>49966711
>Buying dozens of townhouses, cramming 3 'studio flats' in each one and renting for £1k a pop is psychopathy
urm...... excuse me! how dare you! this is almost approaching a finger waving event.

>> No.49967953

>>49967886
they were still overvalued then
uk house prices are as bad as expensive parts of america but without any of the employment opportunities that you get for living in SF, seattle, ny etc
now that we aren't even in europe the possibility of retiring to southern europe or somewhere cheaper is out the window too
i used to think i could never live outside of the uk but since i started working i've totally changed my mind
the only places worth living here are the absolute middle of nowhere which just isn't tenable when you have a job

>> No.49967956

>>49966398
Can confirm. My boss is old and rich as fuck. Loves making money, never spends it and is always miserable.

>> No.49967977

>>49967173
>I know you are larping but they actually do this via housing benefit.
>Housing benefit is the state paying rents the market cannot support.
its actually legal to rent to your own family members provided you don't live in the same house on paper. take a guess why lots of newsagents also own "property companies".

>> No.49968016

>>49966783
>i hope this faggot kills himself
You are a softhearted idiot.

I hope he fails doing so, gets to live out in physical and psychological misery until his 90ies.
In a bad retirement home, while his entitled kids hate him for not croaking, so they can start the legal dispute over what is left of his life.

>> No.49968025

>>49967766
>average house prices : $340k for a two bedroom house
i just bought a two bedroom this week for sub £50k. im buzzin' to finally be off the rent cuckery. bought it totally outright. fuck morgies.

>> No.49968164

>>49968025
what shithole is that in? some two bed terrace in merseyside or something?

if you can go and fuck off to nowhere in scotland, wales, or northumberland then there are nice places and doer-uppers available but it's properly rural otherwise your options are being fisted by your landlord, sharing, or living surrounded by smack heads, niggers, or pakis
i'd rather live in a flat than an urban terrace

>> No.49968212
File: 195 KB, 798x770, pp77.jpg [View same] [iqdb] [saucenao] [google]
49968212

>>49967800
He's a retard that thought getting a bunch of cuckgages was a lifehack.
Wait till fixed rate cuckgages get changed midterm to protect the system from systemic risk coupled with property tax increases.

>> No.49968245

>>49968025
I'd rather live in the 3rd-world than in a terrace in Burnley or Middlesbrough

>> No.49968271

>>49967953
Ngl sounds like rent cope

>> No.49968280

>>49968212
>>49967859
Boomerism. He thought the gravy train of the 80s/90s would continue forever. The he thought in the 2000s/2010s he could shift the cost onto the next generation. Shit finally caught up with him. A strong example of why "old people planting trees they won't sit under" still benefits the elderly, because if society is well maintained all those nice things he got when he was young would be intact. Instead he decided to live for the now and dick over everyone after him, leaving a collapsing society that will fuck everyone over. Sad. Greedy.

>> No.49968294

>>49968245
What's the difference?

>> No.49968310

>>49968294
Better weather and you won't be dating your cousin

>> No.49968311

>>49967587
What's stopping you? You can form a coop today. Why don't you? Why don't other people? The answer is that the vast majority of people can't get their shit together enough to move beyond stamping out widgets in a factory, paying someone else to build and maintain housing, and getting drunk. Industrial coops have been failures almost everywhere. And Zeus forbid I should ever have to live in a housing facility run by some kind of hippie council. I would rather put a bullet in my head than have to listen every week to a bunch of average morons argue about how to run a housing facility.

>> No.49968328

>>49966862
I asked a simple question. Can you answer it?

>> No.49968358

>>49968311
> Why don't you? Why don't other people? The answer is that the vast majority of people...
are terminally retarded nigger cattle who vote against their own self interests time and time again. from the destruction of unions to the abolishment of the gold standard to the rise of women in the workforce. forgive the nigger cattle, for they know not what they do. they go with the flow -- they follow the herd. housing cooperatives are unpopular because the nigger cattle herd needs a critical mass of nigger cattle running in this particular direction. but as anyone who has tried to drive a herd of nigger cattle can tell you, it's hard, nearly impossible work.

>> No.49968359

>>49968271
where did i say renting wasn't intolerable?
tell me where i'm wrong
your options are
>live in the middle of nowhere with zero job opportunities
>rentcuck in a nice area near a town and get raped
>buy in the nigger or chav shithole part of a nice town and pray you avoid crime while hating where you live
oh and i suppose
>go live in some post industrial shithole without comfort or jobs
to have a remotely decent salary you need to live near one of a dozen major cities or land a golden boomer job somewhere but good luck with that because boomers don't retire

>> No.49968365

>>49966168
He's not entitled to anything. Get a better skill, get a better mindset and use firm handshakes in the interview.

>> No.49968373

>>49966168
Good.

>> No.49968384

>>49968311
>You can form a coop today. Why don't you?
enclosure

>> No.49968438

>>49968311
>Zeus forbid
These are the retards defending landlord parasites

>> No.49968500

>>49966168
You should buy his property under the price he bought it for.

>> No.49968502

>>49967933
>t. stupid enough to believe they aren't
does he have to reply so that you can stop edging?

>> No.49968505

>Our aim was to have a pre-tax monthly rental profit of £5,000. We were at £3,500, but that has dropped to £3,200 following the interest rate rises. For two people, that is no longer sustainable.

How the fuck is £3,200 not enough for two pensioners. That's more than I take home in London and I have to pay rent and save money

>> No.49968565

>>49966254
>private property is theft.
from who?

>> No.49968607

>>49966168
You know it’ll be bought by jews and rent will only go up

>> No.49968619
File: 453 KB, 1080x1431, 0DA93D98-F5BD-4BBE-8158-EAC51E237B3C.jpg [View same] [iqdb] [saucenao] [google]
49968619

>>49968438
Zeus was a real man unlike christianity that made a fairly tale of actual Christ to control goyim serfs

>> No.49968628

>I feel as though interest rates will be low forever even though I've previously lived through 15% rates, better take on even more debt to buy assets for my retirement, I see no flaws with this strategy.

t. boomer

>> No.49968631

>>49968328
Local independent landlords, moshe

>> No.49968638

>>49968565
>from who?
From anyone using it, as he/she is paying a share of its added value to the owner.

See >>49967587 - even Adam Smith understood this.

>> No.49968640

>>49966238
>government
>black rock
What’s the difference?
How about I own it myself you nigger

>> No.49968655

>>49966310
This is a bot post
Everyone should start cataloging posts like this, you'll see the same /leftypol/ faggot posts over and over since the commie tranny jannies are letting bots run amok during bear markets when they can't take inside deals to let pajeets spam their shitcoins

>> No.49968664

>>49968655
Go read a book, /pol/ack.

>> No.49968663

>>49967564
Non amortizing mortgage

Taking my state real estate exam this Wednesday

>> No.49968721

>>49968663
in the uk we call it 'interest only'

>> No.49968725

>>49967953
>the possibility of retiring to southern europe or somewhere cheaper is out the window
Good.

>> No.49968730

>>49968638
>From anyone using it
they dont own it as property so it cant be stolen, and if i take it then its because i intend to use it. what the fuck are you talking about?

>> No.49968740

>>49968664
“Ever escalating poverty and disease” capitalism incentivizes people to solve those problems. Compare disease deaths to any other period of time. Capitalism is why cures to diseases happened. Whose going to work their ass off inventing anti malarial medicine if there won’t be a fuck huge pay day.

>> No.49968748
File: 313 KB, 920x900, 1625394395825.png [View same] [iqdb] [saucenao] [google]
49968748

>Go read a book, /pol/ack

>> No.49968790

>>49967766
£255k isn't even $300k
That sounds cheap as fuck. That's like maybe £1200k mortgage a month even with the now higher interest rates. How the fuck can you not afford that?

>> No.49968798

Two triggered /po/lacks with a single line in ten minutes.

This is a good quota.

>> No.49968825

>>49966238
Given the current socio-economic trends do I have a realistic chance at buying a house? If not why should I care about anything? I'll just go for anything that benefits me here and now

Same for pensions

>> No.49968839
File: 622 KB, 1241x839, fighting_nazis.png [View same] [iqdb] [saucenao] [google]
49968839

>Two triggered /po/lacks with a single line in ten minutes.

>That's a good quota

>> No.49968852

>>49968790
google the average UK wage challenge

>> No.49968854

>>49968730
>what the fuck are you talking about?
You have to take into account what is done with the property, hence why I wrote "added value".

Regarding landlords, Adam Smith still is completely correct. They dont sow but reap from what they almost never have significant expenses on. Hence why in many areas with a cornered property market the share of expensive shitholes with bad maintenance is high and rising.

>> No.49968872

>>49968839
You still only count as one, my fren.

>> No.49968898

>>49966238
capitalism is the supply demand curve. any goods/service with inelastic demand is hence not capitalist, it is rent seeking and extractive of everyone's elses production. shelter is inelastic.

>> No.49968906

Landlords will line up against the fucking wall, alongside journalists and bankers.

>> No.49968947

>>49967953
>only places worth living here are the absolute middle of nowhere which just isn't tenable when you have a job
work.
from.
home.

even cock suckers can call clients round to have their cock sucked

>> No.49968977

>>49968854
youre dealing in extremes here. theres a wealth of more reasonable options between dismembering landlords and abolishing private property, and parasitical jewish land barons sucking the nation dry of every last drop. those both sound absolutely awful

>> No.49969007

>>49968164
>what shithole is that in? some two bed terrace in merseyside or something?

funnily enough, I'm actually in Merseyside right now and it's more expensive. the houses are this road are selling ridiculously fast and going up quite quickly

>if you can go and fuck off to nowhere in scotland, wales, or northumberland then there are nice places and doer-uppers available but it's properly rural otherwise your options are being fisted by your landlord, sharing, or living surrounded by smack heads, niggers, or pakis
>i'd rather live in a flat than an urban terrace

ive lived in Sunderland before in a flat. it was absolutely fucking awful.

>>49968245
>I'd rather live in the 3rd-world than in a terrace in Burnley or Middlesbrough

its in south wales. nice and quiet. nice and sunny.

>> No.49969019

>>49968664
You are so fucking stupid I feel ashamed we are from the same species.

>> No.49969034

>>49966238
Hot take: you should be able to own property with a full time minimum wage job.

>> No.49969052

>>49968505
>How the fuck is £3,200 not enough for two pensioners.
think of the bloody cruises! you expect them to go inside cabin? how dare you.

>> No.49969141

>>49969034
OK, who would they buy it from?

>> No.49969147

>>49968977
>youre dealing in extremes here. theres a wealth of more reasonable options between dismembering landlords and abolishing private property

Dismembering landlords are not my words: >>49967587
The process can be done completely peacefully and with no bodily harm, the most important part is where concentrated wealth is more widely distributed to not have a single entity profits.

And abolishing all private property is an extreme you have a hard time to find among leftitsts, because we understand and know the difference between productive capital (e.g. your average amazon warehouse) and private property. None wants to rob old granny of her home. We only want that more people are like granny - secure and save in their own home or flat.

>> No.49969172

>>49969141
From the forced repossession sales after law mandates every person can only own a maximum of one property.

>> No.49969177

>>49969141
>OK, who would they buy it from?

Two sources could be thinkable:
a) property that was subsidised from the state
b) existing property, that is similiarly cheap as the option from a), as they compete on the same market

>> No.49969208

>>49969172
>From the forced repossession sales after law mandates every person can only own a maximum of one property.

I am nitpicking, but a forced reposession of big companies cornering the real estate market is not a sale, it is still part of the revolution.

>> No.49969209
File: 14 KB, 400x400, nfa1rvwh3f841.jpg [View same] [iqdb] [saucenao] [google]
49969209

>>49966168
Maybe he should try getting a job

>> No.49969228

>>49966238
>renting is your only option
I feel like the entire point of the suburbs was cheap housing people could own outright. No idea when gentrifying the ghetto became preferable because the suburbs had too many nigs and was too expensive. Anyway.

>>49966783
>>49966718
>>49966711
Based

>> No.49969253

And yet the UK property market is still a fantastic investment opportunity.
Rental demand is stronger than ever, especially in London.
I was able to let one of my units within three days of advertisting it. All of them professional tenants, fully supplemented with bank statements and references from previous landlords.
Eviction via a Section 21 notice is a useful feature, but so long as other avenues remain to evict a tenant for non-payment of rent, UK real estate is a good investment idea.

>> No.49969281

https://www.youtube.com/watch?v=4ZxzBcxB7Zc

>> No.49969314

burger here. what's a "terrace"? like a row-house?

>> No.49969323

>>49969253
>UK real estate is a good investment idea.
careful. it only takes one smack head getting in there and you're in for a surprise. the flat i was renting required a deposit, reference, advance and background check. they still managed to get in there.

>> No.49969343

>>49969314
yes

technically, they do have an advantage in terms of fuel efficiency since they effectively only have two external walls. which may be useful as we now enter the decades of fuel price raping on the switchover to ze solat

>> No.49969348

>>49968280
Its also a good example of why you need a nest egg. You never know what might happen. My rule of thumb is to have enough to support myself plus rent/mortgage through retirement.

>> No.49969358

>>49969314
Correct. Usually used to describe rowhouses rather than fancy townhouses in cities.

>> No.49969434

>>49969323
Maybe if you bothered to meet the tennant yourself....

>> No.49969474

>>49966168
>sell his 30 buy-to-lets
>how am I going to retire?
I hate boomers so much its unreal

>> No.49969553

>>49968790
Salaries here are ridiculously low. Also, understand, at one point one pound would get you two dollars, and these prices, and even salaries, wouldn't be so bad. But the property prices keep going up while the salaries stay more or less stagnant. 30k is the average wage here.

>> No.49969562

>>49969434
>Maybe if you bothered to meet the tennant yourself....
i was one of the tenants, they were next door

meeting them wouldn't have worked either. the tenant was a passably hot girl called stephanie who'd then up with her fancy hair and short shorts sports gear claiming she was being domestically abused by her bf, so mr landlord let her in without paying anything. whoops.

same trick works with the police. i even said "these guys are running circles round you". still worked.

>> No.49969591
File: 1.48 MB, 1284x2778, 1652202830974.png [View same] [iqdb] [saucenao] [google]
49969591

>>49966168
Do they have Home Equity Lines Of Credit (HELOC) over there? Lots of property owners here in the states use their investments like piggy banks with HELOC and cash out refinance. People regularly use margin loans on investments too. Lots of boomers thought they were fanatical geniuses thanks to all the money printing and out spent their new found wealth at the worst stage of life to make mistakes.

>> No.49969641

>>49969591
>picrel
marvelous

>> No.49969724

>>49969591
>worst stage of life to make mistakes.
Fuck them

>> No.49969753

>>49969208
Revolution is acceptable under such circumstances as we find ourselves today.

>> No.49969781

>>49969724
Yeah but they're going to start begging for bailouts. The problem they are going to have is they will soon start becoming a diminishing voter base.

>> No.49969783

No refunds

>> No.49969794

>>49967564
>only pays interest on property
Do euros really?

>> No.49969797

>>49969753
> Too many florence nightingales
> not enough robin hoods
https://www.youtube.com/watch?v=8Xxt8gRVLnw

check the vid, brits are on their knees and easily taken off the scent.
you guys want to live like animals? keep on keeping on.

>> No.49969818

>>49969591
>bought tech stocks at the top

>> No.49969856

>>49969794
>Do euros really?
they've introduced that in london. you basically rent from the government. given the ethnic makeup of london im sure it's only a matter of time before it's declared discriminatory in nature and wholely different to the half century of rent cuckery that preceded it

>> No.49969908

>>49969147
>the rationalist thinks that everyone thinks like himself
They don't. Many people would happily take from granny because she's old.

>> No.49970439

>>49968505
somehow, that pair nearly annoyed me more than the fuck in OP.
>we only get £3,000 p/m for doing fuck all, and WE WANTED £5,000 HOW IS THIS SUSTAINABLE WAH..
go and sustain the worms ffs.
like, is there a cunt exam to become a landlord?

>> No.49970512

>>49966168
https://12ft.io/
fucking faggot linking a jewwalled source

>> No.49970591

>>49970512
not if you have your browser setup to deny that shit without having to paste it into 12ft

>> No.49970593
File: 949 KB, 464x2437, boomerfucks.png [View same] [iqdb] [saucenao] [google]
49970593

>>49970512
Telegraph is paywalled?

>> No.49970731
File: 148 KB, 610x613, 1654369861860.png [View same] [iqdb] [saucenao] [google]
49970731

>>49966254

>> No.49970788

>>49968505
RENTAL profit of 5k

This isnt even mentioning their pension(s), and quite possibly care / disability allowances which come in droves once you're senile.

Wtf are they spending £3,500+/month on? Are they living on a cruise ship until death?

>> No.49970824
File: 2 KB, 125x125, 1653988730501s.jpg [View same] [iqdb] [saucenao] [google]
49970824

>>49970788
Medicine.

>> No.49970888

>>49966168
>wait until 60 to start enjoying life
>exploit families out of owning a home for this experience buy amassing housing ownership
>can no longer afford it
Blame communism all you want. It didn’t create this cycle.

>> No.49970969
File: 629 KB, 840x859, 1620676864580.png [View same] [iqdb] [saucenao] [google]
49970969

>government requires houses to have a shit tonne of gay health and safety requirements and have a literal inspector come around to the house to see if it passes all checks
>planning permission and zoning laws make it near impossible to build your own house unless you're a millionare
>land, housing materials and labour becomes much more expensive due to this
>boomers buying up houses en masse to rent out to abdul and gupta
>abdul and gupta also going halves and buying houses to fit their families of 12 in
>chinese buying property in desirable areas and literally just holding it until number goes up
>government allowing house prices to skyrocket and coming up with more equity grinding shemes to the point where the average person in 2050 will own 20% of their house on a 200 year mortgage.
>Government allowing big housing companies to completely side-step any planning permission or zoning laws and build pretty wherever they want.
>immigrants being imported every year with no brakes on the paki train any time soon
>government being even more precious about muh green field land and muh environment
>cost of living prices skyrocketing due to rapid money printing and hyperinflation

Haha i love the UK

>> No.49971005

>>49969034
Are you gonna slash immigration to lower housing demand and increase labour demand to achieve this though?

>> No.49971006

i agree the UK is shit, but lets be honest to ourselves, there is a very simple solution: Just Be Richer. if you have a spare milly or two, all these concerns melt away.
The real response to a thread like this should be: "How do I profit from this?"

>> No.49971019
File: 156 KB, 389x325, 1621968197882.png [View same] [iqdb] [saucenao] [google]
49971019

>>49971006
>bro just have 2 million quid it's easy!

>> No.49971025

>>49971006
by definition that can only ever be a small minority, the problem remains
yes we can be a mutt about it and say "fuck everyone else", but that's ruining the USA

>> No.49971109

>>49966711
Why shouldn't property owners be allowed to do as they please with what they own? Why do you hate the free market so much? Are you an unironic communist?

>> No.49971131
File: 164 KB, 650x457, 1453676062106.jpg [View same] [iqdb] [saucenao] [google]
49971131

>>49966238
A lot of these 'landlord' rentlords take money straight from the government to house foreigners.

>> No.49971190

>>49971025
>by definition that can only ever be a small minority, the problem remains
I suppose if youre thinking from a "grand plan for humanity" perspective, yes the "problem" remains. and maybe it is a problem, or maybe not. but i put forward the argument that its a pointless discussion anyway. the reality is what it is. for us individuals on the ground, the real, tangible problem is the acquisition of a home. i prefer to stay humble and tackle that particular concrete problem, rather than start hypothesising that this politician is a bad guy, or this group of people are bad guys, or that the government should do this or should do that.
>yes we can be a mutt about it and say "fuck everyone else", but that's ruining the USA
im in the UK, although I suppose this thread applies to most of the 1st world. i don't wish ill on anyone, but pretending to care about the people at large is delusional. nobody cares all that much about eachother, ever. there are exceptionally selfless people out there, but i would argue that they are exceptional precisely because that is actually a 'losing' strategy. it is self-destructive. yes we all want a 'win-win' scenario, but if that isn't possible, then we sure as hell don't want to be on the 'lose' side.

and anyway, i still maintain that this board gives too much credit to the powers that be. they have no more control or understanding of mankind or themselves than we do. they probably enact policies that seem to them to be self-beneficial and self-preservational in the first-order, but how the entire system evolves on a long term timespan remains to be seen.

>>49971019
>bro just have 2 million quid it's easy!
its not easy but it sure as hell makes life a lot easier once you've done it. if everyone believes they can't do it and don't try, then just by trying you've already set yourself up for a non-negligible chance of making it.

>> No.49971291

>>49968790
>£255k isn't even $300k
It's more dumbass.

>> No.49971304

>>49971291
Oh wow it's $312k, imagine giving a fuck

>> No.49971337

>>49966168
>find income elsewhere
Sell properties and invest in BlackRock. Collect dividends and retire comfy as rent fags still seeth.

>> No.49971343
File: 91 KB, 800x533, 351625fea36e94972abac737a285c313a4e35720.jpg [View same] [iqdb] [saucenao] [google]
49971343

>>49971304
>be completely wrong
>oh I'm wrong who gives a fuck?
Yeah this is totally worth $300k that's fair why would anyone be angry that they're stuck on shithole island where you don't even get to own four walls for a quarter of a million

>> No.49971399

>>49971343
Move to some Eastern European shithole then if you can't stop whining about it. For a Western country that's as good as it gets. It is what it is

>> No.49971451
File: 769 KB, 1080x1765, 20220625_201918.jpg [View same] [iqdb] [saucenao] [google]
49971451

>>49971399
Execpt that is completely wrong even within Europe.
>just move countries bro!
You might not have heard but the uk left the schengen.

>> No.49971518

>>49968619
>Zeus was a real man unlike christianity
as other anon said...
>These are the retards defending landlord parasites

>> No.49971584

>>49969034
Why?

>> No.49971607

>>49971451
>Haparanda
That's a tiny town barely below the arctic circle you turbonigger. What does a house cost in Stornoway or Thurso?

>> No.49971671
File: 35 KB, 552x305, DSCF5117-1170x648.jpg [View same] [iqdb] [saucenao] [google]
49971671

>>49971451
>>49971607
Here you go, looks way better than that Swedish storage warehouse and only 130k. You're welcome

>> No.49971750
File: 174 KB, 1007x830, oochayeranoo.png [View same] [iqdb] [saucenao] [google]
49971750

>>49971671
>days travel to the nearest pickup joint

>> No.49971751

>>49966373
>I move into your house when your out sucking cocks

Lol thanks for the house fag. I use it now.

>> No.49971841

>>49966238
>Each person can own 1 primary residence. If they want to own more than one they have to pay 5% of the second homes assessed value in taxes every year
>Property developers get contracts to build things from the state/city/municipal government. They then sell those properties directly to someone who needs it
>Non residents/Investment firms pay 5% assessed value tax on every property plus 15% assessed value tax for every year a house is empty
>Commercial real estate gets different rules idk
Why wouldn't this work? Investors get taxed out the ass and the people who actually need homes get them directly from the builder/city

>> No.49971852

>>49966194
I have a strong back and can work 12 hours, I am more valuable than that guy.

>> No.49971855

>>49966238
Id much rather the government stop doing the ole "youre not allowed to build there!" strategy

>hehe just vote it away
Lel you think it matters when the rich can trick the masses into swinging one way or the other or otherwise politicans flat out rigging it.

So much available land but no you cant build on it.

>> No.49972031

>>49966287
>houses rot on the open market
kek, fat chance! it's a sellers market and there's a huge housing shortage. House prices have shot up lately. My flat is up £50k since last year and people are putting offers in way over the asking price. If only that landlord knew about Chainlink. Best kept secret there is.

>> No.49972119

>>49966168
hahaha, betting on a continuation of a fraudulent system after YEARS of warning signs....

>> No.49972261

>>49971109
Free market is not control a vast part of the market leaving the rest with enslaves conditions. Fuck you kike and work

>> No.49972305

>>49971451
>the uk left the schengen
UK never been in schengen

>> No.49973339

>>49966168
JFC you monster, think of the poor boomer, he is struggling with 30 properties, while you privileged faggot can't appreciate the council pod

>> No.49973383

>>49966238
Oh gee it's not like I can do any of that for myself