BTL landlords will be ousted as City investors move in

I’ve got two words for the smug BTR brigade and their tiny percentage of the private rental sector: ‘rent controls.’

I have had this thought for years now, the gov wanted to oust PRS so they can then go to the big land lords and expect a huge discount as they will be renting hundreds and want a discount …and appear to be easing the housing crisis

All by design to prevent the people owning anything and to destroy small business.
Covid scam was just phase 1.
“You will own nothing and be happy”
Gove is helping the Banks, Investment companies and BlackRock to buy everything up and no doubt trousering a fat % in the process.
Meanwhile the Saudi’s and the Gulf states are buying all the commercial assets and the ones left behind by expelled Russian oligarchs.

20 years ago, HMG panicked average workers into buy-to-let as they suggested that normal pensions would not be the norm. Thousands of amateurs got caught up in the rush to buy, often off plan & unseen. HMG planned this a long time ago as they, collectively, are inept at providing a balance of private & public tenure for the nation. My conclusion is, as usual, press the fear button & panic the people to enable the ugly face of bullying capitalism to come into vision. It seems to happen frequently.

Reply to the comment left by Simon Orr at 20/06/2023 – 09:34Close but not quite right.
They desperately need housing to put all these migrants in and the PRS is not going to even contemplate allowing undocumented persons from God knows where into their houses to trash or burn them down
By forcing private landlords out they can as you say, pay these city institutions for bulk rental agreements for thousands of properties at a discount, due to economies of scale, with taxpayers money to solve their problem…(at least in the short term that is, since politicians only think short term, i.e to the nextelection cycle.)
The city institutions don’t care what happens to the physical property, they still own valuable land for future lucrative redevelopment and the taxpayer will fund all damages and related insurance premiums.

Reply to the comment left by Tony Johnson at 20/06/2023 – 09:45
fair point , given that 75% of migrants are given leave to stay is going to put even further pressure on an already inept system, where are all the hotel migrants going to be living ? my personal thoughts if they already had family members here which a lot claim they should be housed by them?

Reply to the comment left by Dr Rosalind Beck at 20/06/2023 – 09:30Rent controls won’t apply to the purpose built rental sector. (Just like the proposed ending of fixed term tenancies will not apply to the purpose built student sector).

The big city corporations will not want to invest in the rough end of the market, those on LHA payments as too much risk and not enough profit. Housing Associations will not be able to cope either. I have no qualms about selling my remaining properties when my tenants move out. Neither Conservatives or Labour deserve a PRS and neither will relax any rules and regulations or tax. Coupled to this most of our reasonably priced hotels are now fully booked with migrants. I think I will invest in companies making tents.

Reply to the comment left by GlanACC at 20/06/2023 – 10:09
Or dinghies ?

Reply to the comment left by Dr Rosalind Beck at 20/06/2023 – 09:30
No the BTR old money and pension funds are the establishment – they set the rules