Renters: Angry and Insecure

Linton

FATBALLZ wrote: »

It should not be the case that people rent because they can't afford to buy. Renting should be put on an equal footing with buying. If we had legislation pro-tenant rather than pro-landlord, a good supply of cheap (60% or so of current prices) rentals across the country then it would solve a lot of problems. Forcing everyone to anchor themselves in one location to be a mortgage slave to a 6 figure debt is damaging in a number of ways.

I agree forcing people to buy is a bad idea and that renting is best for many people, but who is being forced?

If rents reduced by 40%, presumably by government decree, would being a landlord be economically viable? Would the results do any good to the many people who want to rent?

ukcarper

FATBALLZ wrote: »

It should not be the case that people rent because they can't afford to buy. Renting should be put on an equal footing with buying. If we had legislation pro-tenant rather than pro-landlord, a good supply of cheap (60% or so of current prices) rentals across the country then it would solve a lot of problems. Forcing everyone to anchor themselves in one location to be a mortgage slave to a 6 figure debt is damaging in a number of ways.

Who is going to supply these low price houses to rent and getting the balance between pro landlord and pro tenant is not easy as if it was to pro tenant there would be less landlords.

Herbie_Hancock_I_wish

Daddy Bear talks about days gone by. 70`s, lots of inflation, wages increased every 6 months where I worked for a while. !0 grand would get you a semi in London commuter distance in `75. I know, I did it. We also had to have a grand as a put down. Had we had bought 2 or 3 years before the house would have been a lot cheaper.

So with houses going through the roof this last 12 years or so, I see little relationship to wage increases. I do, to a point, take on what Hamish says about supply.

FATBALLZ

ukcarper wrote: »

Who is going to supply these low price houses to rent and getting the balance between pro landlord and pro tenant is not easy as if it was to pro tenant there would be less landlords.

There would be fewer crap landlords, definitely. There would be a limited number of professional landlords owning more properties. Countries with legislation more pro-tenant than here (which doesn't take much) get along just fine, and have much healthier rental sectors than the UK.

ukcarper

FATBALLZ wrote: »

There would be fewer crap landlords, definitely. There would be a limited number of professional landlords owning more properties. Countries with legislation more pro-tenant than here (which doesn't take much) get along just fine, and have much healthier rental sectors than the UK.

So why with a more pro landlord bias here do we not have many professional landlords here or a healthier rental sector

Gorgeous_George

In Post #1 the Rachel Fraser case compares rent of £475 to buying a £100K house. A 100% mortgage would need to be at a rate of 3% to keep the repayments down to £475.

However, over time the rent will almost certainly rise. The mortgage might rise too but only with interest rate movements and not inflation. So, if a 100% mortgage was available, Rachel could find herself in a better position in a few years' time.

But renting covers much more than just the mortgage. Repairs, insurance and other costs need to be met by homeowers whereas rent covers these costs.

Perhaps Rachel expects too much. In general, house prices have risen to absorb two full time salaries. I 'blame' equal opps for women (takes cover). Let me explain...

There was a time when men worked and women stayed at home (I know, a terrible generalisation). Before marriage couples worked hard and saved a deposit (33% was the norm). After marriage and the inevitable kids, the woman's wage was lost as she stayed home to look after the children but the mortgage was affordable with just the man's wage. Equal opps for women seemed a great idea (and it was) and long overdue but house prices rose to soak up this additional household income so today, working people can ill afford to have children.

GG

leveller2911

The thread title is "Renters: Angry and insecure....................Ive just logged into the forum and there are no fewer than 4 recently active threads all created by Hamish and All about house prices...........

The truth is Hamish your the one who is "Insecure" because its pretty much all you ever post about.........Very sad, your either paranoid or just a Troll on poppers...............;)

I honestly don't know which it is...............

kabayiri

I agree with George. Does anyone believe the people in the article should be in a position to buy?

The renters cited are insecure presumable because of a lack of long term security of tenure.

Turn it round. If they purchased a house, via borrowing the deposit or accepting teaser rate mortgage deals, would they be any less secure? I doubt it. They are too close to the margin to absorb any change in circumstances, like repairs or illness etc.

HAMISH_MCTAVISH

leveller2911 wrote: »

Ive just logged into the forum and there are no fewer than 4 recently active threads all created by Hamish and All about house prices...........

What a stunning revelation.

4 recently active threads about house prices.... on a "debate house prices" forum no less.

Still, if you'd prefer there to be 30 threads about gold ramping, immigrants, benefits cheats, and Zanu Liebour on the front page of a house prices forum, but not a single one about house prices, you could always pop over to hpc.....;)

a Troll on poppers.;)

:rotfl:

Best one yet.

kabayiri

HAMISH_MCTAVISH wrote: »

What a stunning revelation.

4 recently active threads about house prices.... on a "debate house prices" forum no less.

Still, if you'd prefer there to be 30 threads about gold ramping, immigrants, benefits cheats, and Zanu Liebour on the front page of a house prices forum, but not a single one about house prices, you could always pop over to hpc.....;)

Last I checked it was a forum about the economy too.

The arguments about house prices all feel tired and played out. You just use it as an excuse to bait people.

I don't see anyone ramp gold the way you try and ramp house prices.