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Could the UK housing rental market be about to crack?
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Who said it HAS to be unwound, it he money could be left there indefinitely. Have you been reading confidential Bank of England reports telling you it HAS to be unwound?Thrugelmir wrote: »At some point QE will be unwound. Removing a major prop for house prices.0 -
People usually rent because they can't afford to buy. When rents rise, this means that people can't afford it (too large a chunk of their income.) Remember that most people on housing benefit are in work. Rents are too high. The situation will come tumbling down.0
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rentergirl wrote: »People usually rent because they can't afford to buy.
If you can afford to rent you can afford to buy, the problem is deposits.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
rentergirl wrote: »People usually rent because they can't afford to buy. When rents rise, this means that people can't afford it (too large a chunk of their income.) Remember that most people on housing benefit are in work. Rents are too high. The situation will come tumbling down.
Exactly right, some are moaning about the cuts to housing benefit coming in next year saying they should just go and get a job! Well most are already in work but still need the governemnt to pay their rent, this just shows how overvalued rents are right now.If you can afford to rent you can afford to buy, the problem is deposits.
Bo!!ox I agree with the last post, you havent got a clue Joeskeppi.
Do you not realise that even those in work still have to rely on the government to help with the rent because rents are so overvalued right now?
Next year the £480wk total benefit cap will leave only £240 per week max rent for any family anywhere in the UK, including London.
The fuss that has been made with the last little cap on housing benefit was nothing compared to this, wait until these folks get their money available to pay rent halved from what it is now, and look at the fus councils are making already! :eek:It does not matter how many people would like to live in a property all that matters is who can afford it.0 -
It is basic supply and demand and the demand keeps arriving and the rate at which it is arriving is increasing.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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It is basic supply and demand and the demand keeps arriving and the rate at which it is arriving is increasing.
The demand could be a lot more and the supply could get a lot less, it does not matter one bit if the government stops paying so much towards peoples rents then the properties will stay empty until they can afford them. Either rents will come down or those on low earnings will have to earn more, and that is about as likely in this crisis as Hamish admiting he has been wrong all these years when he kept saying "gold and silver were going to crash 100% guaranteed." :rotfl:It does not matter how many people would like to live in a property all that matters is who can afford it.0 -
Exactly right, some are moaning about the cuts to housing benefit coming in next year saying they should just go and get a job! Well most are already in work but still need the governemnt to pay their rent, this just shows how overvalued rents are right now.
Bo!!ox I agree with the last post, you havent got a clue Joeskeppi.
Do you not realise that even those in work still have to rely on the government to help with the rent because rents are so overvalued right now?
Next year the £480wk total benefit cap will leave only £240 per week max rent for any family anywhere in the UK, including London.
The fuss that has been made with the last little cap on housing benefit was nothing compared to this, wait until these folks get their money available to pay rent halved from what it is now, and look at the fus councils are making already! :eek:
Oh I see the light now, I'm off to buy silver.
mmmmnnggghhhhhThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
It will be like the trains in India soon :eek:
I've said before that the likelyhood is a reversal of standard living conditions.
I likened it to The Broons i.e. three generations in one flat rather than a train
Mind you, they must have been pretty well off in comparison as they also had a but n ben holiday home:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
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