UK Rents "highest in Europe"-- due to mortgage rationing

chucky

the_flying_pig wrote: »

If our rents really are higher than in Europe then I'd put it down to simple 'supply and demand' and/or our 'anything goes' housing benefit policy.

i don't think housing benefit has much influence on London rentals for example and i imagine the rest of the country.

there are 170,000 families receive housing benefit in London - there are 10 to 12 million people in London. it has very little impact on rentals values.

the_flying_pig wrote: »

Just returning to the real world for a moment:

oh i agree.... that's why i posted the above...

Yakubu22

Yeah renting is so expensive. That's why near me I can rent a brand new two bed apartment overlooking the Manchester Ship Canal for £425 a month.

http://www.rightmove.co.uk/property-to-rent/property-30373676.html

the_flying_pig

chucky wrote: »

i don't think housing benefit has much influence on London rentals for example and i imagine the rest of the country.

there are 170,000 families receive housing benefit in London - there are 10 to 12 million people in London. it has very little impact on rentals values...

i think to say that HB has "very little impact" may be pushing it but i agree that it's probably a second order effect.

the main point i was making was that it's impossible that "mortgage rationing" could explain any difference if such a thing exists.

maybe rent controls[they exist, right, e.g. in Germany?] in other european countries play a role?

puddy

lostinrates wrote: »

Its interesting to see it in sterling...all of it. I don't have tie to click link, but it would also be interesting to see other costs (e.. other costs of living, tax etc, ) and comparisons of percentages of incomes of average sharers on the respective countries too.

thats what i would like to see too, as surely incomes are a lot lower in other countries?

StevieJ

Yakubu22 wrote: »

Yeah renting is so expensive. That's why near me I can rent a brand new two bed apartment overlooking the Manchester Ship Canal for £425 a month.

http://www.rightmove.co.uk/property-to-rent/property-30373676.html

I take you are not a salesman, wouldn't think overlooking the MSC would be a very good selling point, however, don't know Latchford but I think Stockton Heath, Grapenhall and Thellwall are not bad.

IveSeenTheLight

carolt wrote: »

But we can't have that, PN, because then the lazy parasite landlord class would have to actually earn and save towards their pensions like the rest of us. :mad:

How do you envisage other than waving a magic wand that house prices and rents would reduce?
I have an answer that springs to mind and it's been mentioned time and time again in here.

P.S. I choose to ignore your attack on me as a landlord because I realise the effects of supply and demand.
I also realise that landlords have only partially taken up the percentage of stock that social housing was sold off.

It's not the landlords fault, but the amount of properties available.

IveSeenTheLight

brit1234 wrote: »

I thought these pictures and the subsequent ones were from the "House prices are going to crash 50% by christmas 2009" press release

IveSeenTheLight

Dirk_Rambo wrote: »

rents are as cheap as chips round near me. you can get a 2 bed flat for about £60 per week. loverly jubbly.

Good for you, you should not have a problem paying the rent then.


Another poster who cannot provide facts

Originally Posted by IveSeenTheLight
Feel free to give me a shout should you wish to discuss factual things instead of made up things

IveSeenTheLight

carolt wrote: »

And some of us have morals.

I could have easily bought into BTL at any point in the last decade and a half, but wouldn't as I despise parasites like you.

How could you have bought a BTL when you couldn't or indeed didn't buy a house?

I do recall that you mentioned you were abroad for a while, but surely it would have made sense to secure a base for your return and rent in the meantime.

When I moved abroad, there was no way I planned to sell my home as I wanted to have a base to return to.

IveSeenTheLight

carolt wrote: »

Much easier to buy a BTL - you can buy in any area, not tied to things like it being somewhere you personally might want to live in.

Then you can decorate it cheaply and nastily, in a manner that you'd never do if you had to live in it yourself.

Easy money. But - astonishing as I'm sure you find it - there are people who actually put morals before cash.

BTL has only partially replaced the percentage of properties when social housing stock was sold off.

From the above however, it's probably a good job you didn't become a landlord.

I personally don't follow the stance you would have.
I have a change of tenants and have implemented plans to upgrade the windows and replace some furniture within.
I certainly would be more than happy to live in the type of proeperties I rent out.

As a reminder, these are pictures from one of my rentals
I'm sure you'll be able to verify if the difference in standards: -