Debate House Prices
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Buy to let set to further worsen renters' lives : The Groaner
Comments
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ruggedtoast wrote: »Yes, they're being shafted so they should just bend over further.
Its been demonstrated ad infinitum that many people have no hope of ever being able to afford to buy a house, regardless of how hard they save, rendering your tedious iPhone argument null.
At what point in modern British history has owning a 3 bed semi-detached home in a leafy suburb been an inalienable human right?
The owner-occupier percentage was at its highest around 2007. How did people manage to achieve that?0 -
grizzly1911 wrote: »Yes high rents may be part of the problem but if you want out there are always ways out depends if you want to take the pain to make the gain.
High rents will always be part of the problem. Part of the solution to that could be living in shared accomodation whilst saving for a deposit but, again, a lot of people feel an entitlement to private rented accomodation the second they move out of the family home. It's all about the choices we make and, as you say, short term pain for long term gain.0 -
At what point in modern British history has owning a 3 bed semi-detached home in a leafy suburb been an inalienable human right?
The owner-occupier percentage was at its highest around 2007. How did people manage to achieve that?
It hasn't. Having a secure home should be. Something Britain's appalling private rental Buy To Let market run by it's pantheon of complete shysters demonstrably fails to do.
And thats the match.0 -
ruggedtoast wrote: »It hasn't. Having a secure home should be. Something Britain's appalling private rental Buy To Let market run by it's pantheon of complete shysters demonstrably fails to do.
And thats the match.
If not BTL where is the rental accommodation going to come from.0 -
ruggedtoast wrote: »Yes, they're being shafted so they should just bend over further.
Its been demonstrated ad infinitum that many people have no hope of ever being able to afford to buy a house, regardless of how hard they save, rendering your tedious iPhone argument null.
Why do you lie to yourself?
Most people can perfectly well get on the ladder using a 90% mortgage on for example a studio in perfectly ok parts of London for £100k and even a house by moving further out AS I HAD TO DO WHEN I WAS A FTB.
I meet new prospects every day that are struggling to save the deposit and usually it's because they wouldn't sacrifice and wanted a nice rental pad with costly rent plus the car loan and everything else. Yet this other group come in that saved hard, made sacrfices and now find it easy to get on the ladder.0 -
IveSeenTheLight wrote: »I'm truly sorry for you.
Couple of things to bear in mind: -
BTL has only partially filled the gap created by the social housing sell off under the RTB scheme. The government is reliant on the private rental to give rental properties. Not everyone wants to buy as they may have a desire to rent for numerous reasons
I once offfered on a property for a BTL and was outbid by a FTBer. There will be a price in which BTL is profitable and a level when they are not.
Unfortunately it seems there is a demand for both rental and owner occupancy properties of the type you are looking for.
Is this an indication that there is unsufficient properties to meet the demand?
Properties go for the market rate and unfortunately it sounds like there is a viable BTL margin at that price which has outbid the offers you are making.
Are you able to meet the market rate? Is it a deposit issue.
We have the deposit, can meet market rate.
What we are up against for example. A nice small 2 bed went on sale late yesterday, in a reputable area. I was on the phone at 9.10am this morning to book a viewing. Chased at lunch time as I hadn't heard. It sold first thing this morning....0 -
Princess_Mary_Poppins wrote: »We have the deposit, can meet market rate.
What we are up against for example. A nice small 2 bed went on sale late yesterday, in a reputable area. I was on the phone at 9.10am this morning to book a viewing. Chased at lunch time as I hadn't heard. It sold first thing this morning....
The point your'e missing is that some buyers will view the moment a property comes available and make a decision there and then. Agents love dealing with people of this general disposition.
Such people will drop everything and be on the agents door first thing.
Just because you cannot drop everything and act instantly, does not mean others cannot.
It's the nature of a free market.0 -
ruggedtoast wrote: »Yes, they're being shafted so they should just bend over further.
Its been demonstrated ad infinitum that many people have no hope of ever being able to afford to buy a house, regardless of how hard they save, rendering your tedious iPhone argument null.
If someone earns £8k a year and cannot afford to buy a house, is it because s/he earns too little or is it because houses are overpriced?0
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