Rents rising again....

JonnyBravo

Percy1983 wrote: »

Sorry but I really am trying to understand, fair enough it costs where up then I ccan see why prices need to rise, but for many costs are static or have fallen so why did they need to rise prices?, just because they all do it doesn't make it right.

But prices aren't driven by costs alone are they?
They are driven by what the market can stand.
It is entrely possible for interest rates to go up, house building to go up and therefore rental to come down. Costs up, rent down. What about that?

So, answer the question, even when your costs haven't gone up from your house purchase, would you sell at market rate or would only recoup what it's cost you.

Come on Percy, this isn't rocket science.

chucky

Percy1983 wrote: »

Good question, well as you think somebody who can't pay the mortgage shouldn't be kicked out I suppose they should be able to live rent free at the landlords expense.

Yes many renters could quit smoking and buy aldi beans instead of Heinz, but how much should people be squeezed so landlords can buy a new 4x4 every 3 years?

Is this a fact that is happening where landlords buy a 4x4 every 3 years, is this really happening? Which survey of landlords did you get this from?

Percy1983

JonnyBravo wrote: »

But prices aren't driven by costs alone are they?
They are driven by what the market can stand.
It is entrely possible for interest rates to go up, house building to go up and therefore rental to come down. Costs up, rent down. What about that?

So, answer the question, even when your costs haven't gone up from your house purchase, would you sell at market rate or would only recoup what it's cost you.

Come on Percy, this isn't rocket science.

I have highlighted the bit I am questioning, how far should families be squeezed for something as basic as shelter.

JonnyBravo

Percy1983 wrote: »

I have highlighted the bit I am questioning, how far should families be squeezed for something as basic as shelter.

I have no idea.
How far should families be squeezed for food?

Ultimately there are still enough people not so squeezed as to be able to afford their rental.
I'm not prepared to "make a stand" and be one man pricing vastly under the market. Pointless.

Seeing as you've repeatedly avoided the question on the sale of your house, I guess you share that view.

ruggedtoast

The government has privatised social housing.

The job of a private market is to maximise profit, if that market is poorly regulated then the customer suffers, if the market is over-regulated investors won't invest.

There is very rarely a happy mid point.

This is the elephant in the room with UK housing policy, the government wants to abdicate responsibility to house people to a bunch of piddly private investors, to make them feel better about their under performing pensions, and to already very wealthy supporters who are making out like bandits with multiple properties filled with housing benefit tenants.

If they were at least honest about this then people could forget about being tenants and get used to be treated like what we actually are, customers, with rights exactly commensurate with the length of time it will take our suppliers to ditch us from our contract if we are troublesome.

I would much rather have the US system of rentals where blocks of properties are owned by large professional investors who at least are stakeholders in their own brand and have something to lose by gaining a bad reputation for customer service.

The UK situation is the worst of all worlds as we are likely to be stuck renting from Joe McNumpty with his negative cash flow and his buy to let mortgage that he doesn't understand, who's got Kevin the muppet in the letting agent explaining it all to him.

Of course rents are going up. Joe and Kevin have got car loans to pay, they don't know anything about sustainability and don't really understand how to plan for voids.

Percy1983

chucky wrote: »

Is this a fact that is happening where landlords buy a 4x4 every 3 years, is this really happening? Which survey of landlords did you get this from?

The same survey which says they can afford to pay more in rent or find somewhere cheaper to rent and be able to afford to move.

JonnyBravo wrote: »

I have no idea.
How far should families be squeezed for food?

Ultimately there are still enough people not so squeezed as to be able to afford their rental.
I'm not prepared to "make a stand" and be one man pricing vastly under the market. Pointless.

Seeing as you've repeatedly avoided the question on the sale of your house, I guess you share that view.

Lets see.

I plan to move so I need to sell my house at market value to then buy another at market value.

I own a BTL property, my mortgage payments are down so profits are up, so I need to make more profit because... I am greedy... I really can't see another reason.

I am seriously trying to understand why you have to put up prices.

chucknorris

Percy1983 wrote: »

I own a BTL property, my mortgage payments are down so profits are up, so I need to make more profit because... I am greedy... I really can't see another reason.

I am seriously trying to understand why you have to put up prices.

You run a business!? Get out now while you can, it's not for you.

chucky

Percy1983 wrote: »

The same survey which says they can afford to pay more in rent or find somewhere cheaper to rent and be able to afford to move.

That makes no sense but then again...

Percy1983

chucknorris wrote: »

You run a business!? Get out now while you can, it's not for you.

My business doesn't involve squeezing every last penny out of families based on something they need to feed my own greed.

My business offers a cheap service and an excellent product to which they won't be left homeless if they don't buy.

Ethical business is for me.

DpchMd

Percy1983 wrote: »

My business doesn't involve squeezing every last penny out of families based on something they need to feed my own greed.

My business offers a cheap service and an excellent product to which they won't be left homeless if they don't buy.

Ethical business is for me.

What's your business?