Rents Rising: + 3.2% in a year......

Graham_Devon

chucky wrote: »

that ASCII face palm would be perfect for this post...

got to love the ignorance of not understanding things...

oh look there's a shiny thing :wall:

Go on then chucks.

Tell us what more accidental landlords returning to the sales market ACTUALLY means to a bull if it doesn't mean the properties are going to be put up for sale.

IveSeenTheLight

Graham_Devon wrote: »

Go on then chucks.

Tell us what more accidental landlords returning to the sales market ACTUALLY means to a bull if it doesn't mean the properties are going to be put up for sale.

I'll jump in here.
It means (as reported on another thread) that the rate of HPI may be decreasing.
Last report was that supply was up 15% and demand was up 7%.

This is good for the buyers out there as there are more choice of properties to go for.

For renters, it's debateable if it is good.
That "accidental landlord" will likely be serving notice on the tenant who then has to go out and find another rental property, possibly having to move to an alternative location, costs of move etc.
They are likely to be having to compete in the rental market with less rental property.
It is not an absolute certainty that the person buying was previously a renter as they could be living with family / sharing / divorcing etc etc etc

IveSeenTheLight

stonethrower wrote: »

my rent hasn't gone up since I moved here

I've not increased rent for my tenants in 3 1/2 years.
I'm considering putting it up this summer.

HammerSmashedFace

Rents Rising: + 3.2% in a year......

Interesting indeed, and with petrol rising faster still, along with stagnant wages, I wonder where this is going........ answers on the back of a postage stamp.

IveSeenTheLight

HammerSmashedFace wrote: »

Rents Rising: + 3.2% in a year......

Interesting indeed, and with petrol rising faster still, along with stagnant wages, I wonder where this is going........ answers on the back of a postage stamp.

Petrol rising is an issue and it is not likely to be reversing in that direction.
While many had wages frozen last year I thought the average was still possitive wage increase. With the economy recovering, can businesses afford to not reward it's employees for another year?

It will be very interesting however, will there be a change in culture as to acceptance in a lowering of living standards? will wages increase to negate cost of living increases? Will there be more demonstrations against the changes.

It will be interesting but I would gaurantee that life will go on.

chucky

Graham_Devon wrote: »

Go on then chucks.

Tell us what more accidental landlords returning to the sales market ACTUALLY means to a bull if it doesn't mean the properties are going to be put up for sale.

it would take 6 pages of you trying to understand something and then go off in a huff that you're being misunderstood and you pretending you never said that

chucky

Arch-Angel wrote: »

OK - I'll bite

There are X renters and Y properties for sale currently. But assuming that this is true:



This means that the amount of property of sale will increase to Y + n. Of course, there will be less houses for rent = less supply = higher rent (using the simple arguments that are popular on this board). But since many of those renters are also looking to buy there is now a greater number of property to buy = more supply = lower prices.

Oh yes, and if increased rent does make it harder to provide the house purchase deposit then the pressure on first time buyers could be increasing - just what the market needs when it's struggling to attract the first-time buyer....

did you forget to add Demand to this equation?

The supply of homes available to rent has started to dry up, the Royal Institution of Chartered Surveyors said, just as demand for them has begun to rise.

a rise in supply with a rise in demand is why it doesn't mean much.

this all depends on how much the supply and demand is of course

Graham_Devon

chucky wrote: »

it would take 6 pages of you trying to understand something and then go off in a huff that you're being misunderstood and you pretending you never said that

So in other words, your declining as you have no idea yourself

Good stuff. See you on the next thread that you try and make something from nothing on.

chucky

Graham_Devon wrote: »

So in other words, your declining as you have no idea yourself

Good stuff. See you on the next thread that you try and make something from nothing on.

i'd rather not try and explain stuff to an intellectual juggernaut like yourself - it's more fun laughing at you

Mr_Matey

We're moving out of our place soon. The landlord had a lot of offers on the place and have accepted rent at over 15% more than what we currently pay. Personally I wouldn't pay that much, but the place is nice.