Comment on Confiscate properties from rogue landlords, says senior Labour MP
hellothere@sh.itjust.works 10 months agoI 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.
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.
Maalus@lemmy.world 10 months ago
The risk of losing is thousands - it’s absolutely not “nothing”, as I said, it could be years of someone’s life.
You have a really weird way of looking at business. It’s not free to have someone renting property from you and “paying the mortgage”. It’s not risk free.
hellothere@sh.itjust.works 10 months ago
The risk is losing something you can afford to lose.
It may be undesirable, sure, but if you can’t afford to lose it then you shouldn’t be investing it.
Landlords provide no service, they simply increase the cost of housing. A landlord does not fix your boiler, a plumber does. A landlord does not pay for furniture, you do through your rent. A landlord does not provide housing, they take existing housing off the market and lease it at a premium above the equilvent mortgage rate.
Maalus@lemmy.world 10 months ago
Ah, you should have started with “landlord bad landlord not work”, would’ve saved me a lot of wasted time in replying to you.
And let me guess - no landlords means no homelessness and no housing crisis anywhere
hellothere@sh.itjust.works 10 months ago
Landlords are one of the many factors which restrict access to housing.
But again, if you can afford to lose the money then you’re probably not the problem. The main problem, in the UK, is landlords on buy-to-let mortgages who cannot afford to lose.
If the bank is already willing to loan money on the property, and rent must be higher than the mortgage payment as a condition on that loan, then all that happens is housing becomes more expensive.