Guardian (but mostly Adrian Chiles)

£13 each for a 2 person booking but if you’re booking at peak times (ie any time other than weekday before 4pm) it’s a minimum 4 person booking and looks like in December it’s minimum 6 person booking at all times!

I reckon someone could do an alternative setup where there’s less space but it’s 2 person for each board. Would be much better imo.

Sweet Jesus my poor eyes

First straw man “Christmas is nice, actually” Guardian column of the year has just dropped.

That slot in the paper is now exclusively the world’s most boring human beings… and then Chiles… and then on Fridays “Jason Donovan’s ten best b sides, ranked”.

Close every door
All I Wanna Do Is Make You Mine
Guess She never loved me
Story of my life
You can depend on me

This reads like a windup but, depressingly, I don’t think it is

Ahmad started as a landlord aged 18 and he recalls how they used to be able to get their properties back “no questions asked”. Now, he says, “lurking in the corridors of the courts is Shelter”, the housing charity that advises tenants how to defend themselves from evictions and, says Ahmad, “scupper the rights of the landlord”.

He says he makes £84,000 a year in rent from the six homes and has about £20,000 in costs. It is in effect a net return of 4.3% on the combined £1.5m value of the homes – less than the return on a fixed-term savings account.

6 Likes

So…he makes £64000 a year, and a 4.3% bonus?

2 Likes

“Adrian Foster-Fletcher, who owns six rental properties in Berkshire, has made more than £1m from rising house prices in his portfolio. The operating profits are less spectacular. He says he makes £84,000 a year in rent from the six homes and has about £20,000 in costs. It is in effect a net return of 4.3% on the combined £1.5m value of the homes – less than the return on a fixed-term savings account.”

It says he’s made more than 1m profit on the house prices, so the max he’s put in is 500k. So he’s making 64k a year from 500k investment, so 12.9% return. Plus, any time he wants to walk away, he can sell up and get 1.5m.

Let me get my tiny violin out

2 Likes

A fair return for having to evade the goons from Shelter lurking in the corridors of the courts.

4 Likes

image

artistic impression of a Shelter member

7 Likes

Balanced response: I hope someone lynches him

1 Like

Maybe he should get a real job

2 Likes

Now, he says, “lurking in the corridors of the courts is Shelter”, the housing charity that advises tenants how to defend themselves from evictions and, says Ahmad, “scupper the rights of the landlord”.

Fuck all the way off :+1:

4 Likes

“I want to get out of the sector"

If only there were a way out!

2 Likes

Yeah I wonder if it’s occurred to him how much sympathy he’d get if he said “I have £1.5m in the bank and I’m only getting 4.3% interest on it. It’s outrageous!”

Reading another article in the paper, it seems that the only way to make a decent living as a landlord these days is to be King, where you get given money from dead people that you can use to do up your houses and rent them out privately, meanwhile being exempt from paying any tax.

They’ve published quite a lot recently on “Britain’s rent crisis”, which has generally been very good. I would guess this is part of or related to that series.

(But it doesn’t change the fact that they’re about as responsible as the Telegraph for making middle class people squeamish about new homes being built, and so compounding all these issues.)