MSE News: Rents fell in February

Former_MSE_Helen

This is the discussion thread for the following MSE News Story:

"The rush by first-time buyers to beat a stamp duty holiday deadline has triggered a short-term dip in rents..."

Read the full story:
Rents fell in February

brit1234

So nothing to a big increase of extra rental properties jumping into the market increasing supply. Nothing to do with the big surge in landlords buying properties and people not being able to sell and renting the property instead (accidental landlords).

Nothing to do with rents being too high, people unable to pay more with wage freezes and high inflation.

Landlords who lost their capital appreciation on their properties are at risk of falling rents after their greed. A report today has more generations of families moving in together to save money since Edwardian times. The longer landlords are greedy about rent the ore people will come up with coping strategies to avoid this.

Notmyrealname

Here we go....another LL bashing thread.

If you don't like it, go buy a house. Oh forgot you can't, thats why you're renting off someone who can.

nellynerd

... and Notmyrealname wonders why LLs get a bad press....

Sigh...

Notmyrealname

nellynerd wrote: »

... and Notmyrealname wonders why LLs get a bad press....

Sigh...

With the moronic comments made by people on this forum, why should they bother caring? After all, peoples minds have already been made up regardless of whether you're a good LL or not that all you are is a greedy money grabber so might as well live up to their expectations and have a better quality of life. Ignore the fact that people like me grafted 60-80hrs a week for over a decade and a half to be able to be in this position. Ignore the fact that there are people like me take on DSS tenants who have no money for a deposit without forcing them to go through the embarrassment of a letting agency application process.

Thankyou for making my decision of whether I should put up the rent this year or not. I haven't the last couple of years but as the overwhelming views of LLs appear to be the one brit1234 posted I might as well just do it and enjoy spending the money on a holiday or a new Macbook or whatever.

brit1234

Notmyrealname wrote: »

If you don't like it, go buy a house. Oh forgot you can't, thats why you're renting off someone who can.

I can buy a house but I will wait for house prices to be lower in this falling market. Why buy and lose equity when I can rent and the landlord loses the equity instead.

tbs624

Notmyrealname wrote: »

. Ignore the fact that there are people like me take on DSS tenants who have no money for a deposit without forcing them to go through the embarrassment of a letting agency application process.

...purely out of the kindness of your heart?

Or did you buy cheaply in areas which other Ts would not contemplate and recognise that many LLs run very profitable property portfolios letting only to those in receipt of benefits? (not DSS btw) There is no need to dress it up as altruism.

There are bond guarantees available via most Councils ( often with support from a local charity) for Ts who are unable to raise a tenancy deposit.

Brit has generalised about "greedy" LLs and you have generalised about why people rent.

CRASH_BANG_WALLOP

Notmyrealname wrote: »

Here we go....another LL bashing thread.

If you don't like it, go buy a house. Oh forgot you can't, thats why you're renting off someone who can.

you a bit thick dude. loads of people renting because they are holding off from buying as prices in most of the united kingdom are falling.

Notmyrealname

tbs624 wrote: »

...purely out of the kindness of your heart?

Or did you buy cheaply in areas which other Ts would not contemplate and recognise that many LLs run very profitable property portfolios letting only to those in receipt of benefits? (not DSS btw) There is no need to dress it up as altruism.

No, I don't live in an area like you that has slum estates. No council estates in my town.

Notmyrealname

CRASH_BANG_WALLOP wrote: »

you a bit thick dude. loads of people renting because they are holding off from buying as prices in most of the united kingdom are falling.

A bit thick says the halfwit who can't even use basic punctuation.

Is that why they rose the last two months in a row and 1% in 2011 according to Nationwide?
http://www.bbc.co.uk/news/business-16356568
http://www.bbc.co.uk/news/business-16903022
http://www.bbc.co.uk/news/business-17204783

And even in the great crash a few years ago they only fell 15%.

And house prices falling benefits BTL even more as they're pretty much the only people with the capital available now to be able to get mortgages to buy them now that mortgage companies are applying affordability tests to mortgage applicants meaning many won't get one no matter what deposit they have.

mr_fishbulb

Notmyrealname wrote: »

http://www.bbc.co.uk/news/business-16903022

It's strange how you linked that Halifax one, but not the most recent one that says it fell by 0.5% in February and that "the value of the average home in the UK had dropped by 1.9% from a year earlier."