Rents down again.

shortchanged_2

chucknorris wrote: »

The fall is a minor one, the additional profit due to low interest rates is MASSIVE, so anyone on a low tracker margin is still well ahead of the game.

Are many of the people who have more recently gone into BTL on these low rate trackers?

chucknorris

shortchanged wrote: »

Are many of the people who have more recently gone into BTL on these low rate trackers?

To be honest I don't really care about other landlords (sorry but my family comes first, I am not a spokesman for all landlords). However I would point out that your comment was specifically responding to mine which was limited to those on low margin BOE trackers.

Graham_Devon

Strange thing...

Food prices up...bad
Fuel prices up...bad
Insurance up...bad
Taxes up...bad
Water up...bad
Telecommunications up...bad
Mortgage rates up...bad
Stamp duty up...bad
Domestic energy up...bad
Clothing up...bad
Service fees up...bad
Toll fees up...bad
TV licence up...bad

But....
House prices up...good

Rent prices down..."Don't panic!!" With the increased cost of moving (bad), increased cost of stamp duty (bad) and renters making use of the decreased costs of stamp duty (bad) and increasing difficulties getting a mortgage (bad) and increased costs of mortgages (bad)...

....People will be more reliant on rentals and therefore the price will increase and all those bad things will become.... (good).

And anyway, London has seen the fastet increase in prices, so that's good.

Graham_Devon

MrJonathanRee wrote: »

But the majority of those are consumables and services. Housing is an investment vehicle people live in so therefore a completely different kettle of fish.

Rent is a service....

Fool.

Graham_Devon

MrJonathanRee wrote: »

Once contrary, rent is dead money.

You appear to have quoted my post, but simply ignored the content within it.

What are you saying? Does the thumbs down icon represent that you think I'm wrong? Rent isn't a service? What is it? A simple cash cow?

All this is, is if you can't personally profit from the item, you suggest the price going up is bad. If you personally profit, the price going up is good.

Thing is, many many people can see that just because they personally profit, it's not always good.

breadlinebetty

shortchanged wrote: »

http://www.bbc.co.uk/news/business-17769758

I'm on a bit of a Hamish roll today.

News out today show a reduction in rents across England and Wales. That's 2 months on the trot now.

But don't worry the huge surge of FTB'ers trying to beat the stamp duty holiday is now over so rents are expected to rocket again soon.

Overall rents are still up 2.7% on a year ago.........that'll be lower than the rate of inflation then.

Rents have RISEN in London and the south east.....................

madnessofBruno

madnessofBruno wrote: »

Reported for usual rubbish, expect they will be return with a new ID tomorrow.

Support team thank you.

chucky

PasturesNew wrote: »

I just checked my specific postcode and compared it to 2010 and 2001.

Shared Room: down by 5p/week since 2010
1-bedroom: down by £7/week since 2010
2-bedroom: down by £10/week since 2010
3-bedroom: down by £5/week since 2010
4-bedroom: down by £12/week since 2010
5-bedoom: down by £47/week since 2010 (mostly because it's removed, so is now the 4-bed rate)

Pastures doesn't live in London so I guess we can't apply the 'London is skewing the rent figures' argument...

Darthvader

shortchanged wrote: »

http://www.bbc.co.uk/news/business-17769758

I'm on a bit of a Hamish roll today.

News out today show a reduction in rents across England and Wales. That's 2 months on the trot now.

But don't worry the huge surge of FTB'ers trying to beat the stamp duty holiday is now over so rents are expected to rocket again soon.

Overall rents are still up 2.7% on a year ago.........that'll be lower than the rate of inflation then.

Well lower than real inflation, even lower than the made up CPLie so safe to say the bear market in property has not yet touched bottom

Darthvader

HAPPY_HOMEOWNER wrote: »

Certainly rents are now rising year-on-year in our agency chain. No need for fancy stats when you've got your eyes and ears open to the reality of the market. Not a good to be stuck in rental.

Another one who does not understand the difference between price and value.

The price of everything is going up as the worlds currency supply gets expanded. The value can be going down however if the price is not going up as much as real inflation.

Rents along with property are going up less than real inflation. This is why the property bear market has not yet touched bottom.