Confiscate properties from rogue landlords, says senior Labour MP
Confiscate properties from rogue landlords, says senior Labour MP
Clive Betts says seizure threat would create ‘significant deterrent’ among those who treat fines as business cost
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Based.
Here's your reminder that owning things isn't a real job - you're leeching off actual workers, you parasites.
If you own a shop and sell goods or services are you leeching off workers? 🤔
Do you pay those workers significantly less than the value they contribute to the business? What would you call that?
Independent of that, you may work in the shop, or managing it - that's a job.
Surely that depends on the individual business? Like it depends on the individual landlord? Some might be good, some might be bad. Pay is often linked to the risk you have invested in your business. A worker in a shop hasn't taken on thousands of pounds of business loans for example have they? They don't have to do accounting admin generally. A renter hasn't taken on hundreds of thousands of pounds of a mortgage have they? They're not liable for upkeep of the rental property.
All I'm saying is that they're good examples of landlords and bad ones. Good examples of shop owners and bad ones. Skewing the perspective to claim there are only bad is deliberately misleading.
Pay is often linked to the risk you have invested in your business.
This line is routinely trotted out by people who do not understand the very basic facts of limited liability.
It is trivally simple to establish your business as limited by guarantee, and when done so the risk is literally £1.
If anyone establishes a business where they are personally liable for any debts, or losses acrued, by that business then they need to seriously reconsider if business management is for them.
Now, people may well choose to invest personal savings to start a business, rather than take out a loan, but again, rule number 1 of investing is not to invest more than you can afford to lose, so, again, the actual risk is £1.
Not how it works everywhere. Also - bullshit on the actual risk being so low after investing all you can afford to lose - you just lost all you could afford to lose which could be thousands.
The reality of it is - you rent out an apartment and need to keep it up. I had landlords come in with powerbanks and extension cords in the middle of the night when the breakers failed. I had them loaning me an AC units. They would renovate regularly.
And I could've been a shitty tennant that messed their modern flat, didn't pay them rent and refused to move out. They would lose a place they lived in for years to some rando off the street.
You're clearly American, why are you commenting on a thread about UK landlords, and UK company law, using examples not from the UK?
I'm European. Stop assuming shit about people.
My apologies, but same question.
Because hating landlords is present on lemmy everywhere with people using completely irrellevant arguments. You also voiced an opinion that's completely bullcrap - where losing "all the money you can spare" is somehow equal to losing nothing, when one could have worked for that for years.
this seems like a circular argument
most of the value you seem to be proposing could be lost comes from the fact you can rent out a house for profit
I never said it was the same as losing nothing. It's clearly not the same. I said the cost of losing is £1, if you have structured your business properly. If you then choose to put extra money in, well, you should only invest money you can afford to lose.
If you can't afford to lose it, you shouldn't be spending the money in that way. Money you can afford to lose has considerably less risk than money you cannot afford to lose. By definition, if you can afford to lose it, then harm to you is insignificant.
So the financial cost is £1, and the risk to you is tiny.
For example, I don't go to the pub and complain about the risk of buying liquid commodities I intend to drink and make no return on. I can afford to lose my money in that way, if you can't, then don't go out drinking. The same thing applies here.
If you can't own a property without someone else paying the mortgage for you, then don't.
Not necessarily but you can be.
Oh god - I rent out cars. I'm a leech.
I'm sure the money you make for doing nothing will be more consolation than I can give you.
Remember folks - we can't possibly establish strong social safety nets - ensuring people have humane living conditions would be giving them money for doing nothing. Money for simply owning something though? That's worthwhile.
When I go to uni for 8 months in a year, where should I live?
Well, it used to be in halls of residence, owned by the uni, for free until they all got sold off.
They're still there, but tend to be only for 1st years.
They were never free.
They were funded by student grants and housing benifit if you go back far enouth. But the uni def made money from owning them and always have.