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Rents reach (another) new record high.
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://www.telegraph.co.uk/finance/personalfinance/houseprices/10179754/UK-rental-prices-hit-record-high-survey-shows.htmlThe cost of renting a home in the UK has reached an all-time high, a survey showed, fanning concerns over the rising expense of British housing.
Tenants are paying an average of £811 monthly rent, according to the HomeLet Rental Index for June, representing a 3pc rise on the previous month and a 5.1pc increase on a year earlier.
Because of course, you can't cure a housing shortage with mortgage rationing.
All you get form that are record low house building numbers, and record high rents instead.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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I don't think anyone is trying to do that are they?HAMISH_MCTAVISH wrote: »Because of course, you can't cure a housing shortage with mortgage rationing.0 -
Oh well that poo poos my theory then seeing as rents are down 10% in London.
There must be massive rises in the rest of the country.0 -
shortchanged wrote: »Oh well that poo poos my theory then seeing as rents are down 10% in London.
There must be massive rises in the rest of the country.
I am very dubious about the validity of that reported 10% fall in London rents.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
HAMISH_MCTAVISH wrote: »http://www.telegraph.co.uk/finance/personalfinance/houseprices/10179754/UK-rental-prices-hit-record-high-survey-shows.html
Because of course, you can't cure a housing shortage with mortgage rationing.
All you get form that are record low house building numbers, and record high rents instead.
Private house building and mortgage advances have failed to meet housing needs since RTB.
The need will not be met by privately funded housing alone."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
we need to build more houses
the government must stop taxing house building which are making new houses poor value compared to buying existing stock.
planning rules need changing too, to facilitate appropriate new building
government must sort out its contradictory policy on lending as evidenced by the recent nonsense about Nationwide and Barclays
there is no shortage of builders with the skills to build, but they won't build unless people are willing to buy i.e. have finance available and see the properties as value for money0 -
This is ultimately bad news because money goes into the back pockets of investors and pension funds instead of being in the back pockets of the young who are more likely to spend it. This is only slowing the economic recovery down more0
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shortchanged wrote: »Oh well that poo poos my theory then seeing as rents are down 10% in London. .
Nope.
Up 6.4% in London over the last year.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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