Firstly a small declaration of interest; I am a landlord. An owner of property in the UK which is rented out to others. A ‘parasite’ in the words of those whose grasp of economics is considerably lower than that of a heavily sedated slug. A ‘blood sucking vampire’ whose untimely passing shall be rejoiced at by all the lefties doing X-talentless dance challenges on his grave. If they can drag themselves from in front of their taxpayer-subsidised video games to be bothered. Please be advised; dancing on my grave may prove difficult, as my will stipulates that my ashes be scattered outside territorial waters. But chaps, don’t let that stop you trying.
Okay, that’s that out of the way. I’m out of the closet. Yes I’m an evil landlord, so sue me (Good luck with that). Now to the meat of the subject. In the run up to the UK general election there’s a lot of talk about ‘Mansion’ taxes on wicked and predatory ‘buy to let’ landlords. As prophesied many times in this blog and elsewhere across various forums and comment threads of the jolly old Interweb, this is a mark of the mainstream politicians desperation. They’ve spent all your money, and your grandchildren’s money buying votes, now they’re coming for private property. The public cupboard is bare and the pollies* are desperate, and anyone with any assets at all (unless they can afford really good tax accountants) is in their short sighted target area.
The reason behind this post is me getting into a minor comment thread spat in the Tellytubbygraph with one of the ‘Entitled’**. In a mildly robust exchange of views I posed the question; Does anyone remember the late 1970’s and early 80’s before people could buy their council houses so readily?
I do. I have clear and vivid memories of vandalised and derelict council housing throughout the industrially declining UK West Midlands. Whole streets of them. Whole council estates even. A little like a genteel version of modern day Detroit. Post WW2 semi-detached properties (for a North American equivalent – think ‘Duplex’) boarded up like wall eyed ghost towns. Broken side doors where unruly kids, copper thieves and the down and outs had broken in to leave devastation, illiterate graffiti, human faeces, decay and piles of syringes in their passing. In short, places where no one cared now made uninhabitable through lack of maintenance. There are still instances of houses, especially in Liverpool and similar, where whole streets are in this condition. And the equation is simple; Economic stagnation = few or no jobs = fewer people with less money = Lots of unwanted housing.
Throw left-wing, ideologically stifled bureaucracies into the mix and there you have it. ‘Managed decline’. The default position of big government. Empty houses in economically stagnant districts with no-one who can afford to live in or maintain the existing properties. Which might as well be bulldozed and the whole site left to turn into unproductive scrubland and swamp, thence woodland, followed in a century or two by the Greens favourite; ‘Ancient Forest’ full of Bambi and friends, but very few humans. Hooray! Or rather not. As a side note; putative Bambi’s should take note that ‘Ancient Forests’ are not full of pixies, elves, gnomes and pretty ickle flutterbies like in those cute animated Hollywood movies but rather home to Mr B B Wolf and friends, whose name for Bambi translates loosely as ‘Lunch’.
So what’s the answer? Government subsidies and plane loads of immigrants to provide a future tax base and spend their money on improving the housing stock? Which won’t do much good if said migrants don’t have the skills or motivation to build a better or economically active society. Or whose imported culture means they spend their disposable income on new religious buildings. Ending up dependent upon handouts from an ever more cash strapped country where the cupboard has been bare for quite some time. Because no-one is actually innovating, trading or making things. So more migrants will be needed. Who will bring their own baggage. And not much money. So the slow spiral of decline will continue. Until some far sighted politician (Unlikely to be elected, never happen) decides to take the wheels off said cycle, or the whole lot burns to the ground. BTW: The riot and burning strategy was tried in UK city centre riots of the early 1980’s (Which didn’t work – see the economic ‘broken window’ fallacy).
In these blighted areas, where councils can’t or won’t maintain and rent out the properties in question, the buy to let landlord becomes a tool of regeneration. They will put money into vital property maintenance and indulge in the necessary day to day negotiations and arguments with tenants. Where there is a market. It’s how we Evil Landlords make a living off our investment. If there are people with jobs and money, they need places to live. That is what we provide. A ready base of operations, especially for a highly mobile workforce.
To call someone who actually spends money on a building to make it fit for habitation a ‘parasite’ is rather ungracious to say the least. The tenants did not wish to invest time, effort, and twenty (possibly thirty!) years or so in their own bricks and mortar, but are happy for others to risk doing so, no problem. For property investment is a risk, one of the largest anyone will ever make. A hint about renting; treat it as a business arrangement, and all will be well. Mess things up then bleat like an entitled sheep about how ‘unfair’ it is that you have to actually pay for the roof over your head, then the Gods of decay and desolation will never be far from both your and your landlords door. I’ve heard it said that houses are not built as slums, they are made slums by the very people who live in and own them.
At this point I would like to introduce my reader to some useful Evil Landlord rules.
Rule 1: Never rent to male students, people on benefits or those with extensive skin art.
Rule 2: Insist on direct debit for rent. Avoid anyone who wants to pay by cheque or cash.
Rule 3: Never get involved in anything longer than a 6 month ‘Shorthold Assured‘ tenancy.
Rule 4: Keep in touch with your tenant on a monthly basis and make any non tenant incurred repairs promptly. Agree regular maintenance schedules in the tenancy agreement and stick to them.
Rule 5: Avoid entanglement with Social Services or any Local Authority body as much as possible.
Rule 6: Trust nobody and use lawyers.
Of all the above, please note that Rule 6 is the most important. Keep it brisk and businesslike. Anything else invites disaster.
*Pollies; Lamestream politician. So called because of their characteristic repetitive parrot like squawking. ** Entitled; someone who thinks they should be given a free ride off the backs of others, in short, a parasite.