Rents falling again

Cleaver

Graham_Devon wrote: »

What?

So less people renting = house prices up.

Less people selling = house prices up.

More people renting = house prices up.

As we all know, there are two distinct groups that make up the majority of people on this forum. The first of these these groups will see every single article, report and statistic as being a sign for house prices are rising, or will soon rise, and will always report this as such. The second of these groups will see every single article, report and statistic as a sign that house prices are falling, or will soon fall, and will always report this as such.

From what I can see Hamish is always in that first group and you appear to fall in to the second group. From memory I can't ever recall Hamish posting or commenting on an article and stating that he sees house prices falling and I've never seen you post or comment on an article and say that it means house prices are rising. But happy to be proved wrong if that's not correct.

It's one of the reasons this forum is so dull at the moment isn't it? Along with all those USERNAMES_ALL_IN_CAPITAL_LETTERS posters who are incredibly annoying with all their spamming.

macaque_2

Graham_Devon wrote: »

What?

So less people renting = house prices up.

Less people selling = house prices up.

More people renting = house prices up.

How on earth do house prices actually fall in your theory bank?

Graham, you have done it, you cracked the McTavish code!

Earthquake in Peru - house prices up
Branch falls off a tree - house prices up
Fewer tits on the bird table - house prices up
More tits on the forum - house prices up

smeagold

Cleaver wrote: »

As we all know, there are two distinct groups that make up the majority of people on this forum. The first of these these groups will see every single article, report and statistic as being a sign for house prices are rising, or will soon rise, and will always report this as such. The second of these groups will see every single article, report and statistic as a sign that house prices are falling, or will soon fall, and will always report this as such.

From what I can see Hamish is always in that first group and you appear to fall in to the second group. From memory I can't ever recall Hamish posting or commenting on an article and stating that he sees house prices falling and I've never seen you post or comment on an article and say that it means house prices are rising. But happy to be proved wrong if that's not correct.

It's one of the reasons this forum is so dull at the moment isn't it? Along with all those USERNAMES_ALL_IN_CAPITAL_LETTERS posters who are incredibly annoying with all their spamming.

seeing as this forum is called The Debate House Prices & the Economy Board One would expect to see people from 2 opposing sides debating those very things. What we're you expecting to find? The hanging gardens of babylon, or perhaps herds of buffalo sweeping majestically over the horizon?

Graham_Devon

THE_GHOULS_ARE_FOOLS wrote: »

That's nothing. I put my rents up 15%. It's never been a better time to be a landlord.

I guess you are your own tenant, in your imaginary portfolio, too.

drc

We are looking for a new place to rent in London as our landlord is trying to sell. We have literally had calls from all the EA's we've spoken to checking to see if we will definitely be turning up to the viewings. We also had a call from another EA who didn't have anything on his books but wanted us to register with them. We viewed a property one hour after I called another EA and she didn't appear to be rushed off her feet...

nearlynew

HAMISH_MCTAVISH wrote: »

But they tend to dip every year around this time.

Do they?

I've been a landlord for over 20 years and am not aware of this phenomenom of rents falling in winter.


This is yet another example of McTittish quoting accepted, official, mainstream "facts" which have no basis in reality.


what a silly boy

Thrugelmir

Cleaver wrote: »

As we all know, there are two distinct groups that make up the majority of people on this forum. The first of these these groups will see every single article, report and statistic as being a sign for house prices are rising, or will soon rise, and will always report this as such. The second of these groups will see every single article, report and statistic as a sign that house prices are falling, or will soon fall, and will always report this as such.

Maybe thats because the reprecussions of the "financial meltdown" in 2008 are going to felt for a long long time. Whereas a share can move price within minutes of a press annoucement. The impact of a write-off of $5,500 trillion pounds from the asset bases of the worlds banks isn't going to be cured at the flick of a pen.

Fundamentally little has changed other than stabilisation. The after shocks will roll on for some time to come. As various sectors come under pressure in turn. As the slow process of unwinding the credit boom years continues.

IveSeenTheLight

nearlynew wrote: »

Do they?

I've been a landlord for over 20 years and am not aware of this phenomenom of rents falling in winter.


This is yet another example of McTittish quoting accepted, official, mainstream "facts" which have no basis in reality.


what a silly boy

Rather than look at your personal perspective (my personal one is also of rents remaining static over the winter months as my properties don't change tenant at that time ), why not consider the broader range.

If LL's are looking for tenants in the winter months, the number of people looking for a tenancy then may be less and thus the LL's willing to accept a lower amount.

It's not silly, you just need to know what the facts are.

Here's a link with some historical data
http://www.rentright.co.uk/00_00_00_00_00_rrpi.aspx

Damaged

Pete111 wrote: »

I'm surprised personally - I put the rent up by 8% last month.

depending on your tenants and whether this is a new tenancy, I think it would be mad to increase the rent in this market. When my AST runs out with my tenants will be getting a discount of about £50 pcm. (600 per year)

They have been wonderful tenants and I'm going with the theory of golden handcuffs, in so far as the rent they pay is such a good deal they would be silly to move. The £600 works out to halve of the agents finders fee for a new tenacny so even if I am losing I am still winning in the scheme of things.

IveSeenTheLight

Damaged wrote: »

depending on your tenants and whether this is a new tenancy, I think it would be mad to increase the rent in this market. When my AST runs out with my tenants will be getting a discount of about £50 pcm. (600 per year)

They have been wonderful tenants and I'm going with the theory of golden handcuffs, in so far as the rent they pay is such a good deal they would be silly to move. The £600 works out to halve of the agents finders fee for a new tenacny so even if I am losing I am still winning in the scheme of things.

If you have to lower your rents for existing tenants, then maybe that's a reflection of the market you rent out in.

Personally, I have two tenants, one who have been in the property for four years which I've not increased the rent during their tenancy.
With other similar property rents increasing, the tenants already have a good deal.

My other property has a more regular turnover (catering more towards the student market, whilst previously I was getting in professionally employed tenants) This rent I increased in the summer of 2010 between tenants and the property was still snapped up.

A lot may come down to local market forces