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Rent arrears falling fast.
HAMISH_MCTAVISH
Posts: 28,592 Forumite
But despite the price rises, tenant arrears dropped to their lowest level since April 2010. Just 8.6 per cent of rent was unpaid or late by the end of September 2011. This was down from the 10.7 per cent of rent unpaid or late in August.
Unpaid rent totalled £243million September, down from the £300million figure from the previous months.
http://www.thisismoney.co.uk/money/mortgageshome/article-2051843/Rental-prices-rise-regions-England-Wales-demand-grows-frustrated-potential-buyers.html#ixzz1bWcKo1LL
Unpaid rent totalled £243million September, down from the £300million figure from the previous months.
http://www.thisismoney.co.uk/money/mortgageshome/article-2051843/Rental-prices-rise-regions-England-Wales-demand-grows-frustrated-potential-buyers.html#ixzz1bWcKo1LL
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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So unpaid rent still totals £243million then0
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And it turns out those rent increases in the last two years aren't quite as insignificant as you ;like to portray.
“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 -
So unpaid rent still totals £243million then
Late rent totals 243 million. Down dramatically from the 300 million in recent months.
Any explanation for why the number of renters in arrears is down 20%?“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: »And it turns out those rent increases in the last two years aren't quite as insignificant as you ;like to portray.
Turns out that average rents are only £30 per month than they were in 2008.
Whats inflation sitting at again?
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So, according to a "property services" company, rents are rising and arrears are falling.
Do you believe any old 5hit that you read?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Turns out that average rents are only £30 per month than they were in 2008.
Whats inflation sitting at again?
Between 2008 and 2009 rents fell.
Between 2008 and 2009 RPI went negative as well.:)
For the last 2 years rents have pretty much kept up with inflation, but have been roughly double wage inflation.
Hardly a win for the renters.....“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 -
Turns out that average rents are only £30 per month than they were in 2008.
Whats inflation sitting at again?
What's the base rate again?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
HAMISH_MCTAVISH wrote: »But despite the price rises, tenant arrears dropped to their lowest level since April 2010. Just 8.6 per cent of rent was unpaid or late by the end of September 2011. This was down from the 10.7 per cent of rent unpaid or late in August.
Unpaid rent totalled £243million September, down from the £300million figure from the previous months.
http://www.thisismoney.co.uk/money/mortgageshome/article-2051843/Rental-prices-rise-regions-England-Wales-demand-grows-frustrated-potential-buyers.html#ixzz1bWcKo1LL
This seems to fly in the face of the link in my earlier thread. One of these scources is either telling porkies or tinkering with the stats.0
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