Renters pushed to breaking point as Britain's selfish homeowners gloat their hands

Cornucopia

ruggedtoast wrote: »

... only really help one group who are mainly from one demographic....

Which one?

ruggedtoast

Cornucopia wrote: »

No one is saying anything remotely like that. If you want people to take you seriously you need to debate the facts, not some distant memory of Rigsby.



You're obviously not explaining it very well. What does the "more than half the problem" consist of, and how should we, as individual landlords/ladies respond? Consider in your answer, any impact on the well-being of our tenants.

Yes. Landlords are just SO concerned about the welfare of their yield. Sorry, I meant 'tenants'.

I don't really care about what private landlords do believe it or not. FWIW 0% of your tenants actually want to rent privately through you, don't worry about that.

The UK, especially the SE needs more housing supply to drive prices down, more social housing, to drive rents down, and an overhaul of the AST, to rebalance the power private landlords have over tenants.

It does not need more buy to let landlords enjoying preferential taxation regimes over working people.

mwpt

ruggedtoast wrote: »

I don't really care about what private landlords do believe it or not. FWIW 0% of your tenants actually want to rent privately through you, don't worry about that.

Eh? I rented for many years, and I didn't care much who owned the property as long as it was looked after and suitable and I didn't get kicked out on a whim (which only happened once). I've only just bought (last year), before that, renting was my choice. And many more out there prefer to rent, not everyone (by a long way) wants to own their own house. Some just prefer renting. Do you really disagree with this?

Cornucopia

ruggedtoast wrote: »

I don't really care about what private landlords do believe it or not. FWIW 0% of your tenants actually want to rent privately through you, don't worry about that.

I know for a fact that this isn't true. More generally, people have all sorts of reasons for renting rather than buying. Lack of capability to buy isn't a universal factor, and there have always been people who have preferred renting for periods of their lives going back over decades.

The UK, especially the SE needs more housing supply to drive prices down...

It needs more housing full stop. Using over-supply to deflate prices (even if that were practical) is probably a bad idea in the overall scheme of things.

... an overhaul of the AST, to rebalance the power private landlords have over tenants.

I'm not convinced that most landlords and most good tenants are particularly concerned about the "power balance" between them.

Going back to my earlier question about what individual LLs should be doing, the answer appears to be nothing. And I conclude from that answer that you are just pointlessly ranting to and about LLs, when the real targets of your ire are the Government and the Banks.

Carl31

Cornucopia wrote: »

How much should people be paying for accommodation?

The example above works out at £106 per person per week. Any professional person working in London is likely to find that easily affordable.

its not about whether its affordable, its whether its a fair deal for the consumer

I could buy an apple each week for £100, i can afford it, doesn't mean its a good deal

ukcarper

Cornucopia wrote: »

Going back to my earlier question about what individual LLs should be doing, the answer appears to be nothing. And I conclude from that answer that you are just pointlessly ranting to and about LLs, when the real targets of your ire are the Government and the Banks.

I think the targets of his rant are anyone who happened to be born a few years earlier than him

ukcarper

Carl31 wrote: »

its not about whether its affordable, its whether its a fair deal for the consumer

I could buy an apple each week for £100, i can afford it, doesn't mean its a good deal

It's not as simple as that is it.

marleyboy

Do homeowners gloat - I doubt it as I don't and don't know any other homeowner who does. Maybe its more a case of sour grapes from the OP, who seems to have a bee in their bonnet over those who own a home.

HarryDentJr

ITs looking like rents keep going up and benefits keep having to up to meet them.

But what happens when the Government has no choice but to cut back on benefits?


“The proportion of calls we were getting on rental arrears in 2010 was 6.6%. This year so far it’s 11.4%, so that’s a doubling,” said a spokeswoman. “It’s both in the public and private sector.”

I can see the rental arrears doubling again and again. The numbers of those unable to pay the high rents when benefits get cut back will be more than the courts will be able to deal with.

Same with those who cant afford their mortgage payments when interest rates go back up to normal, there will be many people who end up as officially squatting for long times as the numbers of squatters will simply be more than the authorities can deal with.

caronoel

ruggedtoast wrote: »

I bought a few years ago, have a mortgage and would like to upsize eventually, so rising property prices hardly benefit me unless I wanted to emigrate or downsize.

And there is the nub. Rocketing house prices only really help one group who are mainly from one demographic. Their wretched obsession with using property as some kind of guaranteed lotto win on retirement, and successive government pandering, is strangling this country.

Ahh!! That explains it.

Joined MSE in late 2007, just as the property market went into its deepest one year fall in living memory... missed the chance back then to buy at a bargain bucket rate before the low point of Q1 2009. You have been whining on here ever since about the next big fall.

If I'd wasted 8 years waiting for a fall that never came, sitting in rented while I knew I had the cash for a deposit, I'd probably feel a bit bitter too

:rotfl::rotfl::rotfl:

Why not just stay with your chums on housepricecrash.co.uk? You'll find lots of similarly (or smaller) minded folks over there to stroke your ego.

Interestingly though, there seems to be a lot fewer of them over there than there was a few years ago. Maybe, like you, most of them realised the futility of waiting for the Great Fall, and have bought.