Guardian: Tenants sitting pretty as rents fall.

WTF?_2

chucky wrote: »

a
!!!!!! stop talking rubbish - and posting links that are total conjecture

More like "Stop posting links that I don't agree with" :rotfl:

ManAtHome

Wish EAs would make their minds whether house prices are rising or falling - Knight Frank (rentals) inc suggest they are falling, KF (sales) inc suggest they are rising, BS all round...?

brit1234

chucky wrote: »

No, get it right.

I have shown where the original report has come from and you put on the forum something from the Guardian that isn't accurate and again you do not believe the facts that are in front of you.

I suppose that you will report this post as abusive because it blows your view totally out of the water...

ARLA have given two monthly reports that rents are falling. The biggest falls seem to be in London and the other big cities.

The fact is that people can't sell and have to move. So there has been a masive increase in people renting their unsellable homes. They are also all those buy to let investors who tried to bail out and can't sell so have put there properties on the market yet again.

With rental properties increasing faster than portential renters it is going to put a downward force on rents.

Its basic economics not scare mongering.

lynzpower

ManAtHome wrote: »

Wish EAs would make their minds whether house prices are rising or falling - Knight Frank (rentals) inc suggest they are falling, KF (sales) inc suggest they are rising, BS all round...?

Knight frank dont seem to know what they are saying and there is something about the mixed messages that they are putting out qwhich - similar to the government- dont know what they should put out there.

They were one of the first EAs last yearto state that tough times were being felt in the market and AFAICR seemed to be blaming hips.

feels a bit like the government- running around like headless chickens not knowing quite what to say.

Dee140157

I am new to the rental market as a Landlord. I went through an agent as I thought it unwise to start out alone, having read so much about renting,. I don't know much about all the forecasts, but all I do know is that the Letting Agent valued the house at less than they had been going for as there is a glut of houses my size to let on the market and tenants do have more choice. As a consequences tenants are able to look around for higher quailty at a lower price. Fortnately I have done our house to a high spec and tenants move in on Thursday. I see this as a long term investment so not anticipating a "quick buck".

baby_boomer

Mail

Rental market getting flooded by people who can't sell their homes for the desired price.

WTF?_2

baby_boomer wrote: »

Mail

Rental market getting flooded by people who can't sell their homes for the desired price.

The question is can they make the sums work with regard to mortgage liabilities and rental income?

And are they prepared to take on the responsibilities of being a landlord? It's all very well thinking you can rent out your house for a few quid but there are all sorts of baggage you need to take on board. Tell mortgage company and likely have to take on BTL mortgage, declare income to IR, lodge damage deposit in accordance with law, produce inventory list for house, produce checklist for condition of house, fix problems with house, make sure tenants pay on time and don't string you along - and that means having cash in reserve to cover that eventuality.

There are plenty of chancers and 'professional tenants' out there more than willing to screw over the amateur landlord.

StevieJ

baby_boomer wrote: »

Mail

Rental market getting flooded by people who can't sell their homes for the desired price.

So where do all these flooders go to live?

Microstar_2

StevieJ wrote: »

So where do all these flooders go to live?

That's what puzzles me. You'd expect things to balance out with no overall change in the number of properties for rental. In my area there are definitely a LOT more properties available to rent. Maybe people are leaving the country in large numbers, or we have internal migration going on ??

Jumping_Bean

StevieJ wrote: »

So where do all these flooders go to live?

They rent houses that other people couldn't sell. Eventually everyone will live in rented accommodation but everyone will also be a landlord. :cool: