Independent says UK enjoys price rises, Telegraph praises BTL

HAMISH_MCTAVISH

Thrugelmir wrote: »

What's total wage inflation?

What's the total wage inflation of a house where there used to be one average full time earner living in it, but now there are two average full time earners living in it?

Thrugelmir

chewmylegoff wrote: »

I would have thought "disposable income" is income after deducting, amongst other things, housing cost.

Disposable income income is defined is that after which taxes have been deducted.

Emy1501

HAMISH_MCTAVISH wrote: »

Wrong again.

Accidental landlords now make up almost half the private rental market in the UK....


Read more: http://www.metro.co.uk/money/21628-rise-of-the-accidental-landlord#ixzz1xyBT70TH

Accidental landlord in my eyes is someone who could not sell their house and was forced to rent it. I do not see how someone who decides to rent out their house through choice is an accidental landlord. All those examples are renting out their house by choice.

JonnyBravo

Thrugelmir wrote: »

What's total wage inflation?

I think it's linked to The Rule of 51 isn't it?
That Rule that says no matter how much wages go up BTL landlords will always struggle going forward.
Happier now Thrugelmire?

Thrugelmir

chewmylegoff wrote: »

Generally speaking, over the long term I think you would expect rent to increase roughly in line with inflation (as you would expect wages to rise roughly in line with inflation). That may not have happened in the last few years but it is unlikely to be like this forever.

There's no connection between wages and inflation. Except peoples expectation of maintaining their standard of living. In the UK productivity has fallen in recent years. So we aren't even working hard enough to maintain the same standard of living. Perhaps a complacency created by easy profit made on borrowing cheap money.

JonnyBravo

Emy1501 wrote: »

Accidental landlord in my eyes is someone who could not sell their house and was forced to rent it. I do not see how someone who decides to rent out their house through choice is an accidental landlord. All those examples are renting out their house by choice.

Tried to sell it for how long?
We tried but we rented it out quicker.
Didn't want to spend 6 months or a year trying to sell it knowing we could have rented it out all that time.

HAMISH_MCTAVISH

Emy1501 wrote: »

Accidental landlord in my eyes is someone who could not sell their house and was forced to rent it. I do not see how someone who decides to rent out their house through choice is an accidental landlord. All those examples are renting out their house by choice.

Accidental landlord is someone who ended up renting through chance or circumstance, rather than being someone who bought a house specifically to rent it out.

Mostly ordinary people, rather than the rich you try to portray them as.

Thrugelmir

JonnyBravo wrote: »

I think it's linked to The Rule of 51 isn't it?
That Rule that says no matter how much wages go up BTL landlords will always struggle going forward.
Happier now Thrugelmire?

Total Wage Inflation :T

Suggest it's 1 - 1 now JB.

Suggest staying in your cave rather than attempting to Troll which obviously isn't your forte.

BobQ

Graham_Devon wrote: »

This is where you fall over every time.

People need to live aswell as pay the rent. Living includes some enjoyment.

Without it, the country goes down the pan, we see riots, crime etc.

I'm not saying that people unable to afford a sky subscription will start rioting, what I'm saying is you can only squeeze the enjoyment factor out of life so far before it becomes problematic for the country as people become very disincentivised.

You may think you will be able to sit pretty while everyone else gets life literally squeezed out of them and like good little peasants they will all do without everything to pay the rent, but it simply doesn't work that way.

Not to mention the knock on effect to the wider economy when you have sqeeuzed so many people the only thing they can afford is the absolute basics. Your cheering on a depression and mass unemployment. You just don't realise it as your eyes light up at the mere mention of a house price increase as you somehow figure you will do alright. When you lose your job as theres no one buying or using your services any longer, you may think twice about your greed.

Very true. One of the difficult navigations that Governments have to do in a recession is to decide which types of people they can upset and to what extent they can do so.

The peasants through history have generally taken quite a lot but they cannot be pushed too far or they will react with unpredictable consequences.

Emy1501

JonnyBravo wrote: »

Tried to sell it for how long?
We tried but we rented it out quicker.
Didn't want to spend 6 months or a year trying to sell it knowing we could have rented it out all that time.

The article does not talk about people who tried to sell their house, the article talks about people who actively chose to rent out their property and therefore became a landlord out of choice. An accidental landlord in my eyes is someone who gets a consent to let as short term solution to problem but then find themself stuck with the rental property not through choice.

The fact that you could afford to own 2 houses does not make you an ordinary man. I wonder what % of the uk population owns more than one home. I some how doubt it's 50% or more.