Peers of the Realm?

Question

I don't understand what they are for?

What are they for? Do they hold any significance in the modern day, or is it merely a title kept out of tradition?

Answer 1

they keep the seats in the house of lords polished.they also interfere in politics,they are old has beens,who after selling the family silver sit in judgment on the `working class` for 100 s of £s per week.

Answer 2

They are a bit redundant in this day and age but heck at least some of them open their "houses" for us to go and peer at on a rainy day.