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Government warned for 3 years lending changes would create issues
#33
(19-01-2022, 02:47 PM)SueDonim Wrote:
(19-01-2022, 02:35 PM)Lilith7 Wrote: "landlords have never creamed it.!"
Complete bollocks. When students were given a rise in funding to help with  hardship, some landlords increased their student rents by exactly the amount of that rise.

Some of them were reasonable & didn't over charge but some set very high rents despite knowing it would cause hardship.

So maybe the students were on a discounted rent and the landlord just brought it up to market rate. Or something. Unless you were that landlord you don't know. There are of course some bad landlords, but on the whole profits have never been extreme and most landlords are good. They need to be to protect their investments. Would you work 90 hours a week for three months renovating a house ready for tenants whilst also earning the money needed to pay for it? Would you spend Christmas Day repairing a major water leak and drying the bedroom carpet while the tenants have their Christmas? I've done both.
They were not.
Their high rents was a big part of WHY they needed help & were suffering hardship.

'Protecting an investment' is one thing. Rack renting is quite another.  Dodgy
And btw there were several landlords who did that, not just one.
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)
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RE: Government warned for 3 years lending changes would create issues - by Lilith7 - 19-01-2022, 03:45 PM

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