Rents to Rise 20% over next Five years

geneer

macaque wrote: »

Some of the bull's posts seem to be unusually bitter at the moment. OK so house prices are down a bit year on year but you have to take the rough with the smooth. Mocking people who cannot afford a house is bad form. Take it easy guys.

They're hilarious. The vitroil and bitterness shines through.

Yeah, they're here on this forum to protect the public from the evil propoganda of the bears. Allegedly.

Unless the public are renters. Or live with their parents.
Or aren't paid enough to be able to save up a deposit.
Then they're fair game.

The Bulls are the true doomsayers. They advocated a bubble in which the majority of the public would be locked out of the housing market. And they have reacted negatively to any suggestion that this is changing for the better. It was an awful view on the world, and I'm very glad to see it proved wrong.

reweird

Very very sad news all round for our renter class on here. The feeling must be terrible knowing your trapped renting a lowly bedsit, dreading the knock on your door of the landlord coming to collect his rent, and to tell you, sorry but next month you'll need to find more. All the while these renter class know they're simply paying off the landlord mortgage for him. A terrible terrible situation to find oneself in your 20's and 30's.

Jimmy_31

reweird wrote: »

Very very sad news all round for our renter class on here. The feeling must be terrible knowing your trapped renting a lowly bedsit, dreading the knock on your door of the landlord coming to collect his rent, and to tell you, sorry but next month you'll need to find more. All the while these renter class know they're simply paying off the landlord mortgage for him. A terrible terrible situation to find oneself in your 20's and 30's.

This will work.....right up until the population of this country kicks off.

Landlords are already being told to fcuk off around here, thats the problem with being a landlord in some areas.

Got to have some balls to be a landlord in this area, when your tenant tells you he aint paying a rent increase and if you try to evict him he will punch your head in:rotfl:

Rents have stabilised in a few houses around here:)

nollag2006

Going4TheDream wrote: »

More bad news for those renting and struggling to get on the property ladder?

http://www.guardian.co.uk/business/2011/nov/11/mortgage-famine-creates-rental-boom

Personally, I know that I've been able to command healthy increases for my rental properties for the past couple of years.

One of them is to a STR fool - so that is especially sweet!!!

:rotfl:

andybenw

House prices to drop a small amount. Good, that will mean when I buy my BTL for cash in a couple of years it will be cheaper.

Rents to rise 20%. Good, 20% more in the hip pocket each month. And when my lodgers change I can charge more money for the rooms.

:j:beer::j:beer::j:beer::j:beer::j:beer:

nollag2006

andybenw wrote: »

Rents to rise 20%. Good, 20% more in the hip pocket each month. And when my lodgers change I can charge more money for the rooms.

:j:beer::j:beer::j:beer::j:beer::j:beer:

Actually, it should be quite a bit more than that. On the assumption that mortgage repayments are likely to remain flat for the foreseeable, then your monthly profit and cash inflow should increase by far more than 20%.

That has certainly been my personal experience over the past couple of years.

andybenw

nollag2006 wrote: »

Personally, I know that I've been able to command healthy increases for my rental properties for the past couple of years.

One of them is to a STR fool - so that is especially sweet!!!

:rotfl:

Sweet Indeed. I bet he'll not be admitting to that rosy little fact when he extols STR on the HPC website.

MrRee_2

Another long forgotten fact comes out of all this, which those on HPC fail to realise - or do, but cannot admit to it.

That is the fact that, in 10 years time, the landlord may well have paid 1/2 of the Capital down ..... with money from the renter ..... maybe not cleared the mortgage as that wouldn't be tax efficient, but charging the renter much more than the interest due on the debt - and saving it away in an account.

This practise renders any possible fall in price null and void - in essense, not only is the renter paying the mortgage - the renter is giving the landlord money 'in case' anything untoward happens to prices.

Isn't it just sweeeeeet to be a Landlord?

And, to Jimmy31 above ...... punched in the face if I asked for an increase? I very much doubt it! It's OK to talk big on here - but when faced with 20 stone of old experienced gym toned muscle you are going to look rather sheepish

nollag2006

macaque wrote: »

Your assumptions about me are incorrect. I am in no position to buy a house and personal circumstances are tied to the success or failure of my business.

It is evident that your definition of misery amounts losing money you never actually earned. For many others, misery equals being forced to live in substandard rented accomodation.

Still holding out for 70% though??

Good luck with that

:rotfl:

reweird

nollag2006 wrote: »

Personally, I know that I've been able to command healthy increases for my rental properties for the past couple of years.

One of them is to a STR fool - so that is especially sweet!!!

:rotfl:

The filthy STR goon - you should whack up his rent after Crimbo. Just call it a FSTR Surcharge or something.