Rising rents pushes 100,000 more into flatshares

Percy1983

Rinoa wrote: »

Many countries have 60/70% renting. Doesn't seem to be a problem in say Germany.

This is true, but the laws to protect tenants are rather better in Germany, do you not agree?

HAMISH_MCTAVISH

Graham_Devon wrote: »

less and less people able to buy in to the housing market, and, with rising rents, more and more finding it taking longer to secure the financial means of doing so.

Of course.

We've been telling you for years that mortgage rationing and the crash would do nothing but punish the younger generation and enrich landlords.

Now it's happening, exactly as we predicted, and exactly as you said it wouldn't, you're trying to somehow claim you were right all along???

Wow.

Is there not a big big problem brewing here?

There sure is.

And it can't be fixed by anything other than building more houses.

Which won't happen as long as mortgage rationing continues, ensuring builders don't build what they can't sell.

Rinoa

Percy1983 wrote: »

This is true, but the laws to protect tenants are rather better in Germany, do you not agree?

In terms of length of tenancy yes. But I don't believe that is a major problem.

JonnyBravo

Yeah, not rocket science is it?
The house we rent out is now rented by two people.
Two young lads.
Presumably it's cheaper than finding something smaller each and of course this in part must be driving rents up. Perhaps it will allow them to save more than renting individually too, probably putting them ahead of other potential FTBers struggling by themselves? (or perhaps the extra will go up a wall?!! )

Ownership is just going to go down and down as landlords buy more and more. I'll buy another in 5 years if it's still like this.

Percy1983

So house prices going up further and further until no young people could afford them is better than the droping and the young who can save being able afford them.

In short the constant high HPI you love is/was unsustainable, now we have a sustainable system which has caused a shock wave but will settle. The only problem right now is we have gone from needing no deposits to needing one, you will find after a while this will be seen as normal and the savvy amongst the young will start saving a little sooner and have no problems.

In short the old system as who got to the bank first (basically who was born first) and now the system favours the financially ept.

JonnyBravo

Percy1983 wrote: »

This is true, but the laws to protect tenants are rather better in Germany, do you not agree?

I do agree.
It needs a mind shift in the nation though, not just landlords.
I've often stated I'd be more than happy to tie tenants in with long tenancies with zero increase in rent.
I've yet to have anyone take more than 1 year. In the main they want flexibility as they still want to be able to get out and buy if the situation arises somehow.

Percy1983

Rinoa wrote: »

In terms of length of tenancy yes. But I don't believe that is a major problem.

I think it is, I know from my point of view if I could have signed long tenancies I would have considered renting.

Potentially having to move at 60 days anytime is enough to make me not want to call it home and have children.

Rinoa

Percy1983 wrote: »

So house prices going up further and further until no young people could afford them is better than the droping and the young who can save being able afford them.

How will you ration out the houses if not by price?

Graham_Devon

Rinoa wrote: »

Many countries have 60/70% renting. Doesn't seem to be a problem in say Germany.

LOL.

Home ownership is COMPLETELY different there.

One of the more desperate responses.

System

Quite surprised how quickly the housing shortage is manifesting itself, it was only 2 years ago that the phrase "housing shortage" would get you laughed at