The Negotiator is a trade magazine that "serves the residential property industry, specifically targeting estate and letting agents and their suppliers". The original source for this news is https://www.telegraph.co.uk/money/property/buy-to-let/landlords-quit-rental-market-at-fastest-rate-in-a-decade, which is mirrored by https://www.aol.com/articles/landlords-quit-rental-market-fastest-094056000.html .

I'd be careful before crying victory. This most likely means those houses will be bought by PE, not individual buyers. The end result will be higher prices still.

Oh NO! Won't ANYONE please think of the Landlords that Take your Money and do Nothing in RETURN?

Landlords can't quit, it isn't a job.

How does a landlord quit?

They own the property, don't they?

I imagine they're either selling their properties to corporations or hiring someone to manage the rentals for them.

They've withdrawn their labour? 🫢

Don't you have to have a job to quit? How would a landlord quit?

Hooray!

Parasites detaching after the tiniest amount of medication is used.

They... quit? So they're letting people buy the places people should live in without a middleman leech profiting off of them?

Don't you need a job in order to quit?

So, this might not be the great news folks think it is...

I own a bunch of ancient freeholds ("peppercorn rents"), so I keep track mostly for folks looking to develop the land (I.e. buy the land off me).

Recently, a lot of rented houses got sold, and bought up by "property management" companies.

This appears to be a consolidation rather than a capitulation sadly. The properties are going under the umbrella of larger firms with better lawyers.

The population of ethical landlords needs to be massively expanded.

And by ethical, I mean former.

🎻

that should be the goal. make it pointless to rent and let people buy homes for themselves

Good!

I had my college degree sabotaged by these shitstains. I would have needed an apprenticeship, but couldn't get one in Budapest without a Budapest home address, but every piece of shit needed a Porsche SUV to take their brats to private schools.

Even if it doesn't happening in my home country, I'm happy to see these wastes of oxygen and other resources (especially raw iron and fuel on their luxury SUVs) suffer a bit.

That article has so little information, that it is effectively a big trust-me-bro. It does not mention, what the new law contains or how this is connected to the law. They tell ums some numbers without proper context explanations. So, ok, over 500 rental properties get sold off per day. What does this number actually contain. If they are not available to rent anymore, what happens with them? And then the semingly rising numbers between this year, last year (looks only like a moderate rise to me) and 2020, which is during the pandemic. No mention about different effects on the numbers and the causal connections.

Sorry, this is just a low effort article telling us nothing but what this property guy whats us to think.

And to the people being happy about this news: If this would really happen, then it would just mean more consolidation of the market into bigger corporations, which would make the situation even worse. I'm not against renters protections. Though celebrating less rental properties without having a significant public housing rise would not help rentners.

The barnacles on the hull of society might have to get a job

"quitting" as if leeching is a job.

Nice! CONGRATULATIONS UK!

This means rent will increase and house prices will drop in short term? Long term who knows. But yeah fixed tenancies kind of suck and because of high demand especially in places like London, bad landlords can get away with being shitty by exploiting fixed tenancies. Shouldn't really be a problem for those who anyways aren't shitty so hopefully this is a clean up of shitty landlords who don't want to maintain their rental properties properly.

Thank god. Landlords are scum and our housing market is cooked. The USA is in desperate need of a housing market crash. Prices are way too high and many millennials still can't afford homes despite being in their 40's. Younger generations don't stand a chance. Homes are not an investment. Your home isn't worth more just because you've lived in it for years wearing it down, breaking things, and stinking up the place. Like anything that gets used they lose value over time and the market needs to reflect that. Hopefully this makes landlords leave the housing market in droves. A flood of housing hitting the market at a time no one is able to afford them will hopefully trigger the crash.

They say 2008 was a housing market crash but it didn't. Houses cost way too much before and cost way too much after. They use every trick to kick the can as long as they are able to. I want to see a 60% loss in housing value across the board. Everywhere across the USA. And I want to see that loss become permanent. Intrinsic value that is lost forever because it was never actually there to begin with. Just made up numbers with voodoo math.

My neighbor has been trying to get their house rented after it didn't sell for 1.3million. Now they're paying the monthly mortgage for several months now. It doesn't seem like anyone is interested at practically $4000/month. Who would pay that mucho wonder. I bet the previous generation felt exactly the same as inflation was swallowing them into homelessness.... I.e. me, I could be underpaid and not know it. CuzI had to pay that rent I would not be able to afford where we live. We would need two incomes over $120,000 each. Crazy.