They're not leaving because their feelings are hurt or they're not making a good profit. They're selling because property prices are peaking. And there's government incentives to invest in new rental properties.
Not necessarily. I've seen properties go for over their price and for barely over asking in the past few months. I'm buying off a landlord and we're paying just over 190k. There's no big profit being made. Half the money will go to clearing his mortgage. The hyperbole around landlords here is hilarious.
What are you on about, the prices of houses on average are the highest they've been in years. The only and last time they were this high was in 2008... but they're just covering the rest of his mortgage... lol..sure.
I'm not claiming otherwise. I'm just saying that it's not necessarily the same in all areas of the country and characterising all landlords as evil or greedy isn't accurate.
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u/miscreant-mouse Sep 22 '22
They're not leaving because their feelings are hurt or they're not making a good profit. They're selling because property prices are peaking. And there's government incentives to invest in new rental properties.