A LANDLORD who owns 18 properties thinks renting is nothing more than throwing money down the drain.  

Property entrepreneur Ian, not his real name from Wapping cannot understand why anyone would piss away their hard-earned cash on rent, especially in the current market.  

He said: “You’re paying what, a thousand a month minimum and more if I’ve put new carpets down, for what? A room in a four-bed I bought as a shell for £75k?  

“How do these idiots expect to save up a mortgage deposit when they’re spunking that up the wall? What kind of cretin thinks ‘oh, I’ll pay off someone else’s mortgage instead’? Namely mine?  

“What happened to snapping up vacant houses in the early 90s, doing them up and renting them as multiple flats choking the property landscape? 

“And what do you get in return for renting? Nothing. Except for freedom from living with your parents, a lack of maintenance costs and the flexibility to move whenever you feel like it. It’s a racket.” 

Renter Dave, not his real name, said: “I can either fork out £700 per calendar month, plus bills, or live in my car. It’s a tough call but renting’s the slightly better option.”