Am I Paying Too Much Rent?

wolfplayer

Guest101 wrote: »

In theory I agree with some of what you say.


I don't like the benefit culture, it was implemented to help people in the short term and has now become a lifestyle choice (which most are too afraid to criticise!)


However I do think people should take ownership of their situations, there are plenty of places where it's possible to live on NMW, or even on basic benefits, without having to top up.


People are often stubborn and refuse to even consider relocating, and I don't see why private landlords should have to support the social housing crisis.


We live in a free market economy, LLs wouldn't charge extortionate rents if the market wasn't driving it.


Things are very tough, but I don't think molly coddling the public has any long term success.


People need to take responsibility for their lives, if you cant afford to live in X, you're going to have to move to Y. Sorry but you go where the work is, where the homes are etc. etc.

When Section 24 kicks in - 2017-2020 - a lot of the 'hard-working' landlords can go rent in these cheap areas themselves, after their BTLs get repo'd, and have to sell their own homes to repay banks or meet tax demands.

Free up homes and drive down prices in areas where real professionals want to productively advance the economy.

Tyler119

wolfplayer wrote: »

When Section 24 kicks in - 2017-2020 - a lot of the 'hard-working' landlords can go rent in these cheap areas themselves, after their BTLs get repo'd, and have to sell their own homes to repay banks or meet tax demands.

Free up homes and drive down prices in areas where real professionals want to productively advance the economy.

Section 24, is there more information on this?

AdrianC

Tyler119 wrote: »

Section 24, is there more information on this?

http://www.legislation.gov.uk/ukpga/2015/33/section/24/enacted

Cakeguts

wolfplayer wrote: »

When Section 24 kicks in - 2017-2020 - a lot of the 'hard-working' landlords can go rent in these cheap areas themselves, after their BTLs get repo'd, and have to sell their own homes to repay banks or meet tax demands.

Free up homes and drive down prices in areas where real professionals want to productively advance the economy.

This doesn't make sense if you live in the Manchester area. There are some very cheap homes in Greater Manchester where you can commute to Manchester to work so there is no need for lots of landlords to have their rentals repossessed because the cheap homes are already available. If someone decides to work in London rather than somewhere where housing is cheaper then that is personal choice.

I think a lot of people don't understand about the costs of living in London. If you want to live and work in London you have got to make the personal choice about whether what you are being paid is enough for you to have the decent standard of living that you want. It is no good choosing to work in the most expensive area of the country just because the salaries are higher and then blaming everyone else for the fact that you find rents expensive. If you can't pay the rent for a certain area then that is because you are not being paid enough for that area it isn't because someone is charging you too much rent or the houses are too expensive it is simply because you accepted a job that doesn't pay enough for the expensive area you have chosen to live in.

cloo

G_M wrote: »

Strange advice. Which forum was it and how many posters gave you this message?

A list of relevant factors in your decision might include

* improvements made to the property
* market rents in the area
* desirability of keeping the current tenants
* likely void length if the tenants left
* length of time tenants have lived there, and time since last rent increase

There may be other factors that would influence your decision.

I must admit, I was taken aback. They did say OK if significant improvement, and I had said at that point we seemed to be about going rate.

Guest101

Smodlet wrote: »

No, Guest101, it is not "perfectly acceptable" for an LL to raise rent because he or she has had a child, otherwise any employee would be within their rights to request a pay rise for the same reason. As for the moving to where you can afford to live, not that it's any of yours but - designed the T-shirt.

Of course it's perfectly acceptable to request a pay rise. You may get it, you may not, but you can ask.


The LL can raise the rent by £1000 if they choose. The tenant refuses to pay, is evicted via s.21 notice, and if the market allows - a new tenant moves in paying the new rent. That's a free market economy in action - supply and demand.


Chances are a new tenant wont appear, the LL is left with an empty property and paying the mortgage with less income.


- as an aside - I wasn't specifically talking about you moving, more the general 'population'.