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Friday, March 19, 2010

NLA ripped apart by Guardian readers

David Salsbury the chairman of the NLA has made an attempt of defending the virtues of landlords to a bunch of Guardian readers today.

He stepped into the lions den, following on from recent criticism of landlords for preventing the first time buyer brigade from joining the property party.

Unfortunately, even though he tried putting over some valid points he decided to miss out certain truths.

He paints an unbelievable image of philanthropic landlords wanting to provide housing for the masses, and lets be honest, there are not many landlords who fit that mold, he is then understandably ripped apart in the Comments area.

Here's a few points he could of added to make a more honest picture -
  • Landlords are here to try and make money from renting out property.
  • They are a small part of an economic mechanism constructed by past Governments. If the electorate is not happy with the existence of a free market economy they should vote for a different Government, unfortunately all the major political parties sign up for the existing economic mechanism.
  • Most landlords are fair and decent people, but some of them are not.
  • The private rental sector is incredibly open and competitive market place with literally thousands of individual landlords/companies competing for a tenants business, unlike most industries.
  • Many landlords will struggle to make any return over the coming years as interest rates increase, and may find that they would of been far better investing in another investment class. Many landlords are struggling with cashflow and are at risk of losing everything over the coming years.
  • But just to make it clear, a landlords aim is to make money from renting property.
Thanks for trying to defend us David but we live in a transparent world that requires complete honesty to stop us from getting ripped apart.

Can I just say I have every sympathy with those priced out of the housing market, and I would happily join them in protesting against the poor regulation of the property market over the past 10 years that has allowed this to happen.

Landlords are a product of an environment curated by those in power and those that can't see that often have their vision clouded by a green mist.

Read David getting ripped apart by the lions

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1 comment:

Anonymous said...

Just wanted to say GOOD WORK for your forthright and open attitude.

It is very reassuring when people can look beyond their own interests to see the validity of criticism, to be very convoluted about what's basically common sense.