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Rents soar to (another) record high
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Graham_Devon wrote: »It really is the case.
The houses you mention are not specifically built to rent out.
They are built to sell to whoever buys them.
No Graham...
They are not first built and then sold, they are sold first and only then are they built.
As has been explained to you many times, most newbuild houses are built to order, they usually don't build them on spec and wait for them to sell...
The trigger for a house to get built is the order from a customer.
If more customers show up, they'll build more houses, and if fewer customers show up they'll build fewer houses.
There is currently something like a 3 year supply at current build rates of plots with planning permission.
Mortgage rationing continues to be the main obstacle to getting more houses built...
And restricting the ability of landlords to buy just means fewer houses get builtThis is basic stuff
It sure is....:)“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 -
remorseless wrote: »If people would stop accepting to pay high rents, eventually they'd go down...
families and singlies need to live somewhere, so in most cases would have no option but to pay the higher rents....it's not rocket science.........Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple
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families and singlies need to live somewhere, so in most cases would have no option but to pay the higher rents....it's not rocket science...
Most people do have options.
For example - living further from work.
Families have options around family planning (how many and when).
Can you give an example of a case where there is absolutely NO option whatsoever.0 -
Clearly that's a trade-off between money and time.When people catch the London bug the option of moving out and commuting is considered a breach of their human rights.
p.s. my commute is about 1 hour.
Still waiting for an example where there's NO choice.
The only one I can think of is someone severely disabled with special equipment in their home who would find it difficult to move their equipment. Clearly that's a fairly small group.0 -
Clearly that's a trade-off between money and time.
p.s. my commute is about 1 hour.
Still waiting for an example where there's NO choice.
The only one I can think of is someone severely disabled with special equipment in their home who would find it difficult to move their equipment. Clearly that's a fairly small group.
Clearly there's almost always a choice but it seems people prefer to pay more rent than take them?.0 -
I agree. It's a trade-off between various aspects (space, money, time, pleasantness, safety).Clearly there's almost always a choice but it seems people prefer to pay more rent than take them?.
It isn't always the case that the least money is the "best" option for people.
To say there is no choice isn't right.
People have a choice, but sometimes/often they choose to pay more because paying the least means living in the worse place possible from other points of view.
In general I think it's fair to say that most people would make the best trade-off they could.0 -
PasturesNew wrote: »You need to earn to be earning about £18k to rent a studio flat round this way. £21k for a 1-bed flat. You rarely see jobs advertised at those rates!
You must be looking in the wrong places! Our graduate starting salaries are now around £28k for engineers in the grim North.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Do remember to keep us posted on the Aberdeen rent rises Hamish, it will be fascinating to watch the landlords there denying economic reality :rotfl: Seriously, it will be fascinating to watch the implosion of the Aberdeen mini-bubble, will it go before London? My bet is yes, yes it will!0
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Crashy_Time wrote: »Do remember to keep us posted on the Aberdeen rent rises Hamish, it will be fascinating to watch the landlords there denying economic reality :rotfl: Seriously, it will be fascinating to watch the implosion of the Aberdeen mini-bubble, will it go before London? My bet is yes, yes it will!
Are you sure you want to carry on chasing your losses, maybe it is time to stop gambling your rent money now. Obviously it is too late to recoup all your losses, but you could prevent future losses.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
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