this post was submitted on 22 Sep 2026
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[–] Aatube@lemmy.world 125 points 1 week ago* (last edited 1 week ago) (3 children)

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 .

[–] RunawayFixer@lemmy.world 105 points 1 week ago (2 children)

In addition: The Telegraph is a rightwing rag who are automatically against anything Labour does. Apart from their right-wing bias, in the last few (3?) decades they've seen a decline in quality to the level of gutter journalism, so they have no credibility and their claims are basically meaningless.

[–] Aatube@lemmy.dbzer0.com 29 points 1 week ago

I agree, but I would believe them when they're saying Labour's doing a good thing, especially when they don't realize that's what they say.

[–] kieron115@startrek.website 7 points 1 week ago (2 children)

I must be used to American rightwing media because this Telegraph article seems downright neutral by comparison haha. Also, I have a question. It says that one of the things this bill does is abolish "fixed term tenancies". Does that mean, for example, that someone could just move in for a month and then move out?

[–] RunawayFixer@lemmy.world 26 points 1 week ago (2 children)

I'm not from the UK myself, I've just read some trash tier articles from The Telegraph in the past. Articles written with long words, but still obvious falsehoods. Which is a shame, because they didn't use to be like that. Wikipedia lists some of their controversies (see history since 2004): https://en.wikipedia.org/wiki/The_Daily_Telegraph

About the new law:
“Fixed-term tenancies mean renters are obliged to pay rent regardless of whether a property is up-to-standard, and they reduce flexibility to move in response to changing circumstances, for example after relationship breakdown, to take up a new job or when buying a first home.

Instead, all tenancies will be periodic, with tenants able to stay in their home until they decide to end the tenancy by giving 2 months’ notice. This will end the injustice of tenants being trapped paying rent for substandard properties and offer more flexibility to both parties to respond to changing circumstances.” https://www.stirlingackroyd.com/property-insights/fixed-term-tenancies/

[–] kieron115@startrek.website 10 points 1 week ago

That's wild. I wish America had something like this! I once signed a two year lease just to get picked over another applicant, because I really needed a place close to work.

[–] Pollo_Jack@lemmy.world 8 points 1 week ago

That fucking rules. Expected to job hop to increase your pay but also stay in the same place for 6 - 12 months?

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[–] chicken@lemmy.dbzer0.com 11 points 1 week ago

Yeah, from that it sounds like the implication of a supply crunch pushed by the original article is highly misleading:

The analysis suggested that rents were flat across the country, increasing by just £4 to an average of £1,475 a month compared to last year.

However, stock across the rental sector still increased year-on-year, driven largely by new build-to-rent properties coming on to the market. Available properties increased by 1.3pc on average, reversing years of decline.

The data showed 7pc growth in rental properties costing between £800 and £1,500 a month, while the number of more expensive rentals on the market declined.

So even though existing properties are leaving the UK rental market, if you factor in new construction it's a net gain and affordable rentals have increased, facts it omitted entirely.

[–] OldChicoAle@lemmy.world 9 points 1 week ago

Wow that telegraph website is absolute arse

[–] Kyrgizion@lemmy.world 158 points 1 week ago (14 children)

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.

[–] AllNewTypeFace@leminal.space 60 points 1 week ago (1 children)

In a lot of European countries, small private landlords are relatively rare and apartments are owned and let out by corporations that own (and in many cases build) entire developments, like Deutsche Wohnung in Berlin. Given that continental Europe typically has a more stringent regulatory environment than the Anglo-American world, this does not end up with the sort of predatory monopolies one sees in the US where private equity have cornered regional markets, and the landlord companies have support desks and maintenance contractors that can be more responsive and professional than your typical small landlord.

[–] Schmoo@slrpnk.net 11 points 1 week ago (1 children)

They should be forced to give their tenants an offer to form a union and purchase the property before they're allowed to sell it to someone else.

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[–] BigMacHole@thelemmy.club 80 points 1 week ago (12 children)

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

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[–] brem@lemmy.world 70 points 1 week ago (3 children)

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.

[–] FishFace@piefed.social 38 points 1 week ago (3 children)

Quitting means selling, yes.

[–] prole@lemmy.blahaj.zone 17 points 1 week ago (2 children)

I wish quitting meant a six figure windfall in my profession....

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[–] modem_down@thebrainbin.org 22 points 1 week ago (1 children)

You overlooked the most important outcome: landlords selling property to individuals who will live there.

This is a good thing because it reduces property prices, moves the market away from rentier capitalism towards people owning their own homes, and reduces economic inequality and insecurity.

[–] cheat700000007@lemmy.world 13 points 1 week ago (3 children)

They're going to get sold to corporations who rent out even higher with no value add

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[–] LaLuzDelSol@lemmy.world 11 points 1 week ago (23 children)

Yeah I would imagine this would lead to slightly reduced property prices and increased rent prices as the market adjusts.

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[–] yakko@feddit.uk 52 points 1 week ago

They've withdrawn their labour? 🫢

[–] the_riviera_kid@lemmy.world 39 points 1 week ago (1 children)
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[–] kerrigan778@lemmy.blahaj.zone 36 points 1 week ago (1 children)

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

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[–] kazerniel@piefed.world 22 points 1 week ago (2 children)
[–] LazyOldPervert@lemmus.org 15 points 1 week ago (3 children)
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[–] daychilde@lemmy.world 6 points 1 week ago

🎻

^🎻^

:)

[–] Leviathan@lemmy.world 20 points 1 week ago (2 children)

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

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[–] lucullus@discuss.tchncs.de 18 points 1 week ago (2 children)

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.

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[–] aesthelete@lemmy.world 16 points 1 week ago (3 children)

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

[–] gmtom@lemmy.world 7 points 1 week ago

You can also quit smoking, or heroin

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[–] NotASharkInAManSuit@lemmy.world 16 points 1 week ago
[–] peopleproblems@lemmy.world 13 points 1 week ago (1 children)
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[–] Snowclone@lemmy.world 12 points 1 week ago (1 children)

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

[–] adjectivenoun@lemmy.world 6 points 1 week ago (3 children)

Renting can be a good option, especially when you consider the way equity vs interest are structured in the first few years of a mortgage. It's 99% interest at first, and then it slowly inverts year-over-year, which sure feels like renting my house from the bank for the first ten years... but I can't call up the bank and make them fix my electrical, plumbing, or appliances.

It would be nice to see a ban on renters snapping up existing properties, and a limit on how long single family newly constructed homes can be kept as rental properties.

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[–] nonentity@sh.itjust.works 11 points 1 week ago (6 children)

The population of ethical landlords needs to be massively expanded.

And by ethical, I mean former.

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[–] isekaihero@ani.social 10 points 1 week ago (2 children)

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.

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[–] Avicenna@programming.dev 10 points 1 week ago* (last edited 1 week ago)

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.

[–] LaLuzDelSol@lemmy.world 9 points 1 week ago (1 children)

Yall this doesnt mean theyre letting people live in these houses for free, it just means theyre off the rental market. Considering poorer people generally rent and richer people generally buy property, this is probably a regressive change.

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[–] ZILtoid1991@lemmy.world 8 points 1 week ago

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.

[–] HexesofVexes@lemmy.world 7 points 1 week ago (2 children)

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.

[–] Ismay@programming.dev 7 points 1 week ago

We desperately need to forbid companies owning personal homes. Thus simply should not be possible for a business to own homes.

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