8:50 AM, 16th April 2019, About 3 years ago 10
When the Alliance was born last year, one of the first points we made was about the inevitable abolition of Section 21. Sadly it has now come to pass on the back of lies purveyed by fools.
We stated that we would be different and would not flog products as the other organisations do. Our sole source of funding has been from our members, who we thank. However, we must be honest even at the expense of not only not gaining new members, but losing existing members.
So Landlords how much more will you take? Get out now. Sell up and invest overseas or in equities. The PRS haters want to wreck the market.
Let’s stop swimming against the tide. Let’s help them achieve this. For those still standing at the end, rents will soar at which point we may get rent controls which will be the final stake through the heart of the PRS. At that stage there will be massive shortages and social mobility severely curtailed. Only then will the fools realise that our warnings were on the mark.
Accidental landlords, do not rent your home if work takes you away. Sell or leave it empty. By renting it you could fall foul of some minor council garbage law and become a criminal, or you may not get your home back. This should remove accommodation from the market.
HMO landlords, is your property in an improving area where it might fetch good money converted back. If so issue your section 21 notices now.
Landlords, if you were thinking of selling, evict now with Section 21.
Landlords could you change your business plan and get into holiday lets instead. Consider this plan.
Landlords, look at equities especially overseas. Perhaps you can get 8% plus with clever investments.
Finally landlords, look at property abroad. Our critics love to use the German model as an example. No comparison. In Germany no CGT after 10 years plus far less anti-social and delinquent tenants. Look at their streets, no litter. It’s a different mentality, plus in Germany not only do you get no kitchen, but no light fittings either. Compared that to the UK nanny state that expects landlords to tuck tenants up in bed at night.
As Ian Narbeth in his tenant fees article, click here, referred to the totalitarian state, that’s where we are heading.
In summary, get out of the market and watch it collapse. We never wanted this, but we are where we are and the blame can be laid squarely at the door of this useless inept excuse of a Conservative government and the vile antisemitic party that calls itself HM Opposition.
Be thankful, at least because the writing has been on the wall. Exit now. As the good gambler said ‘The bookies have an advantage, they set the odds, however we don’t have to take those odds. I don’t like the way the odds are now stacked against us. Let’s not take those odds and let’s let them stick their rubbish legislation by jumping ship now.
To those considering hanging on even for one year. Join us now.
We cannot fight alone and surely it is now crystal clear how the other organisations have failed us on a monumental scale.
National Landlords Alliance Ltd
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