RE: Fantasy portfolio31 Dec 2022 16:14
Chid
"Can you imagine Lloyds being able to make huge profits on renting, when as now, in the private rental sector, people are using fuel/food poverty as the reason or EXCUSE for falling behind with their rents."
Lloyds have barely got started yet with the building/purchasing homes for the rental market so I don't think it will be any where near as bad for them as you are making out. The plan was for Lloyds/Citra to have 50,000 homes for rental market by the end of 2030. They expect to have 800 by the end of 2022. They are just starting out, and any recession should be played out long before they have completed the portfolio of homes for renting and have them tenanted.
"Citra Living is currently small, but it has big growth aspirations. It is starting with 45 apartments in Fletton Quays in Peterborough which will be available for renters from autumn of 2021. Citra Living hopes to have 400 properties by the end of 2021 and 800 by the end of 2022.
However, this is just the start. Citra Living has a target of reaching 10,000 properties by the end of 2025 and 50,000 by the end of 2030."
https://www.twindig.com/market-views/citra-living