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Laurence Keilty

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my expertise in the industry

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I am old enough to remember when the Government skewed the market so far against the Landlord the protected tenant found it impossible to find anything to rent. Nothing is learned by politicians and we are heading in that direction again. No one can fault the desire to rid the market of bad Landlords and sub-standard property, but the mood music has so demonised the private sector that I am selling my family houses when they fall vacant. If the State really doesn't want a private rental sector, so be it, but how is the State going to deal with the ensuing homelessness? I have had a good relationship with my tenants over ten years, but it has not been a profitable investment, and certainly not, as George Osbourne stated, 'A passive investment'.

From: Laurence Keilty 09 April 2020 03:39 AM

Hi Paul, I would have understood more of your comment if you didn't use so many acronyms. I am not familiar with some of them. However, I agree with your drift and I too will use the breathing space afforded by the Conservative's win to wind down my portfolio. My intension is to be completely out of the business by the next election. The mere possibility that the country could elect a party with Corbyn's views has already frightened the horses. I never thought I would hear a party talking about dispossession of private assets in a Western democracy. I like my tenants and have a good relationship with them, but the universal denigration of landlords as being socially undesirable, has destroyed my confidence — especially as it is a business with a long exit time. Corbyn didn't get in this time — but what about next time?

From: Laurence Keilty 19 December 2019 10:45 AM

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