Time to give up the dream....?

bryanbukowski

I believe that it could happen.
I think the ministers justification is severely flawed however if you want to rent then so be it, you don't need any government support to do this.

In general it cost just that little bit more to buy than to rent (taking into account maintenance and service charges etc) so if you want to put any excess saved from renting into your pension then do it. If you decide to buy then great.

I enjoy the idea of the European model as I like the flexibility and the less responsibility (looking after the property etc!). I currently own a property who's interest is similar to what I'd be paying in rent so in some ways it's the choice between paying a landlord or paying my bank!

B

kabayiri

carolt wrote: »

Very interesting.

I assume this means the govt are about to reintroduce proper secure tenancies for long-term renters, as all those Eropean countries he mentions as a model already have?

Otherwise, it's not worth the paper it's written on, frankly.

Some time back, a French friend paid for an Ikea kitchen to be fitted into her rented Parisian apartment.

She was chuffed to secure the apartment, and obviously saw it as a long term arrangement.

How many people in the UK would do this?

housesitter

I know someone who has built a garage on the plot of a rented house in Germany.

A guy on first page put it quite clearly. My landlord seems to think I am just a purse from which money drops once a month. I utterly believe that he thinks of his tennants as nothing but peasants on the wealth ladder keeping the lord in his manor house.
The house is in disrepair and I'll wager the LA will attempt to keep the deposit to pay for the needed repairs.

TBH that's maybe notthe norm here, but a lot of threads show people in the same situation.
There is a lack of responsibility from LL and people say it's their loss if their property falls into a bad stae. Maybe long term, but they are not living with it.

Conrad

I did a thread a while back along the line the gap between the haves and have nots would widen due to the barriers to entry having been raised.

I turn away far far more would be mortgage applicants now as they have zero chance even with large deposits.

The greatest change has been the removal of sub prime lending which took in people who might have just missed a couple of disputed mobile phone payments for example. Or the Mum with 3 jobs. Or the Tesco driver with an income made up of various allowances. The contract worker etc etc.

Conrad

housesitter wrote: »

There is a lack of responsibility from LL and people say it's their loss if their property falls into a bad stae. Maybe long term, but they are not living with it.

I see it from both sides. Fully sympathise with tennats in your situation, on the other hand I get the land lord in who is an ordinary jo blo struggling to find money for his kids xmas and in the end most humans whatever they might say, will put family first.

Some LL's are victorian !!!!!! though. I know the type well. Agents dislike them anyway as they are nowt but hassle. If you were an agent would you want to come into work expecting hassle calls from tenamts or would you want a nice easy life!

the_ash_and_the_oak

Its almost a paradox - the higher prices are the easier it is to buy for many because really its their admittance into the credit market that increased demand and put the price up in the first place.

Mr_Matey

Conrad wrote: »

I see it from both sides. Fully sympathise with tennats in your situation, on the other hand I get the land lord in who is an ordinary jo blo struggling to find money for his kids xmas and in the end most humans whatever they might say, will put family first.

Some LL's are victorian !!!!!! though. I know the type well. Agents dislike them anyway as they are nowt but hassle. If you were an agent would you want to come into work expecting hassle calls from tenamts or would you want a nice easy life!

Part of the problem is that you have to deal directly with landlords as a tenant in the UK, and they may be less than professional.

In Australia, the Estate Agent manages everything in exchange for a fee. Tenants never meet landlords, and it works well. Of course you can still get problems with estate agents who are lazy and don't repair things...

abaxas

hang on a second.

If people decided to sod buying a house and renting instead. Wont this initiate the worse HPC of all time?

With a huge volume of buyers simply out of the market, what will support house prices?

the_ash_and_the_oak

abaxas wrote: »

hang on a second.

If people decided to sod buying a house and renting instead. Wont this initiate the worse HPC of all time?

With a huge volume of buyers simply out of the market, what will support house prices?

I don't know that it would quite work like that - but I do think any decline in owner occupancy levels would be a negative effect on house prices

the_ash_and_the_oak

Incidentally while we are all against boom and bust in general is there not an argument that boom (while leading to excessive investment in the affected sector) leads to a lot of infrastructure being put in place that wasn't necessary at the time and wouldn't have been done under normal("rational") times. Thinking mainly dotcom/railway booms here (but also speculative building as well) - neither were really needed at the time and a lot of people lost a lot of money - but the benefit felts by others down the line?