Kill all buy-to-letters (or at least tax them)
My landlord owns 20 one-bedroom flats in north London. I wouldn’t mind (much) if this was his profession, but he calls it his “hobby” (he is a judge; I think buy-to-letters should be criminalised). The buy-to-let industry that has boomed over the last 10 years has priced out first time buyers, people on low incomes and young families, and ruined communities. How brilliant would it be if people with more than one buy-to-let property were seen as socially unacceptable as driving a 4×4? Instead, they are congratulated and admired. Everyone wants to be an amateur landlord with cheap laminate flooring. It makes me angry.
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March 5, 2008 at 11:12 am
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macalex101 said,
March 5, 2008 at 2:27 pm
Absolutely correct. My partner’s landlord just put her rent up £130 a week!!!! Ok so it hadn’t changed for 5 years but to go up by 50% is quite something. And he has 28 properties. Come the revolution he will be sent to self-criticism classes