Priced out generation fights back

Pobby

Harry_Powell wrote: »

I've only just started reading this 5 or more page thread, so sorry if this part of the discussion has already been done to death!

I have also had an appalling experience at the hands of Landlords over the past 5 years. In the end we (gf & I) had enough and bought a house that was probably in worse condition than any of the lets I've been in (indeed I reckon it was worse than some squats!!). However, it's our house and so it somehow seemed not so bad. We've done most of the major work now (roof, rewiring, central heating, plastering) and we're working away decorating the house.

We're so glad that we have a place where if anything breaks, we can just sort it out, where we can decorate just as we like and where we have 100% assured tenancy as long as we pay the rent (well, mortgage). It's a crying shame that the tenancy laws in this country don't give non home-owners this sort of security. Until they do, people in the UK will always have a mania for owning their own home.

Good luck to anyone who are saving up like mad to buy, or who are in the process of buying - it's the best decision you'll ever make!!

I thanked that Harry as I very much agree that tenancy laws should be changed.

If I remember rightly, Thatcher changed the law as far as renting went, to make it more in the owners favour. This was about at the same time as when she sold off LA properties.

Harry_Powell

Pobby wrote: »

I thanked that Harry as I very much agree that tenancy laws should be changed.

If I remember rightly, Thatcher changed the law as far as renting went, to make it more in the owners favour. This was about at the same time as when she sold off LA properties.

It's annoying that so many other countries have decent tenancy laws, but all we have here are 6 months guaranteed lets and and you're out with only a month's or so's notice. I would happily have stayed in rented if we could get decent secured tenancy, modern heating/plumbing and were allowed to decorate as we pleased.

I'm still yet to be convinced that owner occupiers are financially better off than someone who rents - though that's a completely different argument and one I really can't be bothered having anymore!!

seven-day-weekend

Do you think that many private landlords would rent out their property if there was more security of tenure and other rights for the tenant? I would have thought it would lead to less rented accommodation, not more.

(Although of course I agree it must be awful not to have a secure tenancy).

I reallly think the way forward for rental is more social housing.

chucky

dopester wrote: »

Linky fix: http://www.guardian.co.uk/money/2010/apr/03/property-market-priced-out-generation

They are not angry enough.

it's good to see that the MSE Three (Carol, Graham and Brit) are maintaining their campaign for people on the minimum wage to buy a house.

HAMISH_MCTAVISH wrote: »

Neither will the campaign!!!!

:rotfl:

please don't tell them - they'll be crushed :eek:

carolt

The 'MSE Three'.

Is that a bit like the 'Guildford Four' or something?

JonnyBravo

carolt wrote: »

The 'MSE Three'.

Is that a bit like the 'Guildford Four' or something?

Sort of, but you only need three it seems to be equally as dastardly..... ermmm.... or innocent actually.

Are you all moving to Guildford?

sss555s

JonnyBravo wrote: »

Sort of, but you only need three it seems to be equally as dastardly..... ermmm.... or innocent actually.

Are you all moving to Guildford?

No. They are all moving to Aberdeen to live happily ever after

IveSeenTheLight

sss555s wrote: »

No. They are all moving to Aberdeen to live happily ever after

Nooooooooooooooooooo!!!!!!!!!!!!!!!!

Graham_Devon

IveSeenTheLight wrote: »

Nooooooooooooooooooo!!!!!!!!!!!!!!!!

Hey, at least Aberdeen will finally figure out what "a lil bit of perspective" actually means

And I could pop round to Hamish's for coffee. (Don't worry Hamish, will bring my own mug, powder milk, plastic spoon with some coffee granules ready taped to it...I'll just require some water, hot, preferably)

Conrad

dopester wrote: »

Let low interest rates and low transaction rates keep up the illusion that boomed-up property values are sustainable for now.

In dopester land there will always be correction just around the corner.

Thing is, out there, most people simply find ways to buy and invest in property for thier future security, and these fundamental drivers will ensure steady HPI.

In the time before lie to buy, people still found ways to borrow you know! Of course none of us condone naughtyness, but Humans will always find ways to beat the system just as Mandelson himself did when he found it hard to secure that large mortgage from Britannia those years ago.

If someone knows they can realistically afford the payments and especially when renting is not meaningfuly cheaper, people will always find a way to get that loan. Perhaps daddy owns a business and can give junior a temporary rise, perhaps employees call in that favour from the boss who signs the earnings confirmation letter the employee themselves typed up - perhaps the employee signs the latter - afterall there is no log of bosses signatures! According to my man inside a large UK lender, faulty payslips are rife now - do a quick google search if you doubt me.

We've learned how good socialist lords and MP's will bend rules to suit thier familys financial well being (5 Labour peers, a cab for hire etc) - do we really think for a moment the bulk of jo public behave any differently?