We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
rents on an upward trajectory
Comments
-
It doesn't say how much rents have gone up by. If rents are rising then it is likely to be in line with inflation as real-terms rents have remained flat for decades. It would be highly unusual if they did anything else. House prices, on the other hand, go up and down in real terms like a !!!!!'s knickers.0
-
i dont see how rents can be going up-given all the factors that are alinning to actually decrease rents--employment uncertainty-reduced benefits -just the whole psychology for increases is wrong!*i m a prospective landlord but dont feel it a buoyant market from what i gauge on this site.mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.0
-
Why do people fall for this every single time.
Vested interests tend not to diss their own market. It would be foolish too.
Eg tesco's chairman says their products are crap
Gordon Brown admits he was wrong
Bernie Ecclestone tells the world he has a soul.0 -
I can't comment on the rest of the country but residential rents in London, Hertfordshire, Manchester, Cheshire and Liverpool have all been rising and it is taking less and less time to let. In th last 18 months I have only had one property that didn't have back to back tenancies.
Rents grew at a slow rate during the housing boom because plenty of new properties were coming on the market. Now there is little incentive for builders to build houses so there is more demand for rental properties.0 -
the.ciscokid wrote: »So as demand for debt continues to grow, that leads to an increase in cost of debt.
That entirely depends on the supply of funds.This in turn brings the price of the asset down (if debt is required for said asset).
Speculation without foundation.Or are you saying interest rates will increase, but so will house prices?
Plenty of periods with rising rates and rising house prices in UK housing market history.Rents are not soaring btw.
Umm, yes they are. On every index, from every source.
Not only that, but void periods are reducing. Supply simply can't keep up with demand.
Rents are soaring alright, and will keep on doing so until supply increases or demand reduces. Neither of which are likely in the medium term.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »
Umm, yes they are. On every index, from every source.
Not only that, but void periods are reducing. Supply simply can't keep up with demand.
Rents are soaring alright, and will keep on doing so until supply increases or demand reduces. Neither of which are likely in the medium term.
Ahem...
http://www.bbc.co.uk/news/business-12492396The cost of renting and rent arrears fell slightly in January compared with the previous month, a survey has suggested.
However, both remained at relatively high levels, the research by LSL Property Services indicated.
The average rent in England and Wales dropped by 0.3% in January from the month before to £682 a month.0 -
Graham_Devon wrote: »Ahem...
Ahem...The cost of renting in England and Wales remained 4% higher in January than a year earlier.
http://www.bbc.co.uk/news/business-12492396“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »
So increased less than inflation then. zzzzzzzz0 -
HAMISH_MCTAVISH wrote: »
Not rising on every index. Neither is 4% soaring. Although I do realise we have very different views as to what is soaring, and what is crashing. I'd simply suggest instead of using more extreme descrptions for stuff, you just describe it as what it is. Rent being 4% up from a year ago.
Don't describe is as soaring across every index, when its clearly not.0 -
lemonjelly wrote: »http://www.bbc.co.uk/news/business-12637242
will this lead to an increase in FTB's?
Will it lead to an increased demand for mortgages?
Or is it all a load of VI hogwash?
Rents rise and fall. If someone is claiming that they are increasing at the moment, I can believe it. The rental market however is like a bottle with a hole in the bottom. The faster you fill it with water, the faster water leaks out of the hole.Landlords are fearing a rising tide of rent defaults following a survey by Shelter, the housing charity, which showed that more than two million people are using their credit cards to pay their rent and mortgages.
http://www.moneyhighstreet.com/landlords-news/rising-defaults-tenants-pay-rent-credit-card-debt/0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards