3 Interesting things that happened last week #1

Here are 3 Interesting Things That Happened Last Week

1. NRLA WEBINAR ON KEY ISSUES FACING LANDLORDS

This week the NRLA held a webinar presenting the findings of a recent survey on issues facing landlords. Here are some of the main things that came up:

Confidence

As any landlord will know, it’s been a challenging 12 months, especially for HMO Landlord. And while Landlords’ confidence has grown across the nation in the last 3 months, landlords in London remain the least confident.

Tenant Demand

As we’ve seen since the end of Lockdown 1, City-workers are moving out of urban centres.

In London, the NRLA estimated up to 700,000 tenants have flowed out and the survey backed this up. Landlords have seen tenant demand remain net negative at -32.3%.

On the other hand, landlords in the rural regions, such as the South West of England, have seen tenant demand increase by almost 41.4%.

The survey also showed that less than 10% of landlords have issued notices to tenants (9.2%), Section 21 notice being the preferred route. Rent arrears make up the overwhelming majority.

2. GOVERNMENT ANNOUNCES RENT REFORM BILL

The NRLA webinar took place before the government announced the Renters’ Reform Bill and this likey added more issues to the list for landlords.

The Bill will do a few things, including abolishing Section 21 repossession and improving the court process for landlords to make it quicker and easier for them to get their property back.

Most landlords will agree that clear and comprehensive grounds for possession are mandatory requirements in any new legislation.

3. ANNIVERSARY OF SATOSHI NAKAMOTO’S DISAPPEARANCE

Have you heard of Satoshi Nakamoto?

10 Years ago, On April 26, 2011, the inventor of Bitcoin disappeared. Leaving behind the brand new cryptocurrency he invented and called Bitcoin.

His final parting message was:

“I’ve moved on to other things.”

Bitcoin has evolved from just an obscure, esoteric project created by mysterious man for the benefit of cybercriminals, to a trillion-dollar financial asset drawing attention from governments, financial institutions, corporations, and investors.

Bitcoin it’s self was created on Jan. 3, 2009, when Satoshi Nakamoto mined the genesis block, also known as block number zero. Bitcoin was $1 at the time.

Nakamoto identifies as a 43-year-old male who lives in Japan, but this is thought to be a pseudonym. Clues, like the British spelling of words like “colour” and “optimise,” suggest he was of Commonwealth origin.

The trading frenzy around cryptos reached a fever pitch in 2021. But many have lost sight of the true reasons Nakamoto invented Bitcoin in the first place.

The tenants of Nakamoto’s original 2008 white paper make clear that he didn’t seem to be trying to solve a technical problem, but rather a social problem. A systemic problem with the legacy financial system.

Despite the many journalists who have investigated and the theories in crypto land, so far Nakamoto’s identity remains elusive.

And his stash of 1 million BTC hasn’t moved.

This means his projected wealth from Bitcoin is roughly $54 billion. It also means that if/when Bitcoin reaches $182,000 Nakamoto would become the world’s richest person. With a net worth of around $182 billion.

Quote of the week

“Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.”

Arnold Schwarzenegger

I’d love to know your best of the week?

Have a great week and let’s see what happens next time!

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