1.1 Million additional rental houses needed by 2016

yertiz_2

An alternative to OO or renting? Live in a multi generational household which will also cut costs for childcare and care of the elderly. At least that's what the Government seems to be telling us. There has been a lot of talk recently out there in media land.

crash123

HAMISH_MCTAVISH wrote: »

House prices remain significantly higher than they were in early 2009 when the market bottomed for the cycle.

Who says this cycle is over?
Hamish so lets all go buy a house or another BTL.
Do your own research for your own particular area. Only you can decide what is best for you.

Graham_Devon

HAMISH_MCTAVISH wrote: »

How do you explain that Macaque?

How does he explain what? The clouds of smoke surrounding your figures?

Nearly 8,800 more tenants were over two months arrears during the first quarter of 2012 than in the last quarter of 2011.In Q1 2012 an average of 94,400 tenants in England and Wales were in severe arrears.

At the current rate of growth, the number of renters facing arrears greater than two months would climb above 100,000 in the next quarter.

Despite the increase, tenancies in severe arrears represented 2.4% of all properties in the private rental sector in England and Wales in the first quarter of 2012.

Although the number of cases with tenants with arrears of more than two months continued to climb, overall tenant arrears have improved with 9.3% of all rent late or unpaid by the end of February.

This was a decrease from 10.7% at the end of 2011.

"Its OK" states Hamish "You don't look at the severe arrears - thats noise".

HAMISH_MCTAVISH

Graham_Devon wrote: »

"Its OK" states Hamish "You don't look at the severe arrears - thats noise".

No, you look at them but keep them in perspective.

Despite the increase, tenancies in severe arrears represented 2.4% of all properties in the private rental sector in England and Wales in the first quarter of 2012.

So despite increasing unemployment, rents rising by more than inflation, and housing benefit cuts, the number of people in serious rent arrears is just 2.4%.....

Not exactly making your case very well, are you?

IveSeenTheLight

Graham_Devon wrote: »

How does he explain what? The clouds of smoke surrounding your figures?

"Its OK" states Hamish "You don't look at the severe arrears - thats noise".

Did you understand the paragraph?
It states that although severe rent increased, overall it was an improvement.

Where's the smoke

Although the number of cases with tenants with arrears of more than two months continued to climb, overall tenant arrears have improved with 9.3% of all rent late or unpaid by the end of February.

This was a decrease from 10.7% at the end of 2011.

Thrugelmir

IveSeenTheLight wrote: »

Did you understand the paragraph?
It states that although severe rent increased, overall it was an improvement.

Where's the smoke

Around 10% I would say that a wild fire could break out very easily.

The tinder is dry enough. Just requires the right ignition to spark it.

Tippytoes

Of course there is a severe shortage of housing and it is not going to get any better. Neither will it stem the flow of migrants flooding into this country.

I've long maintained that migrants get priority housing over our own. If I'm wrong, and they don't.....where do they all live when they arrive? Just a thought...;)

IveSeenTheLight

Thrugelmir wrote: »

Around 10% I would say that a wild fire could break out very easily.

The tinder is dry enough. Just requires the right ignition to spark it.

Closer to 9% actually (when I was at school rounding with a figure less than .5 rounded down)

You seem to have overlooked that the percentage has decresed from 10.7% at the end of 2011.

Seem's that theres increasing dampness in your tinder meaning your "spark" will likely fizzle out