Why the bad news for landlords is just beginning

economic

ukcarper wrote: »

It's not the fact that they are going to sell it's that they could and end tenancy, which can make it difficult to plan especially if you have children.

but how often does this even happen?? why do you need to even have 100% security of tenure? basically what you are saying is everyone starting a family needs to buy?

lifes unfair mate and housing is the least of most peoples problems. why make it such a big issue when its not?

ukcarper

economic wrote: »

but how often does this even happen?? why do you need to even have 100% security of tenure? basically what you are saying is everyone starting a family needs to buy?

lifes unfair mate and housing is the least of most peoples problems. why make it such a big issue when its not?

You seem to have an obsession about how life unfair life is everybody knows life isn't fair.

I'm not making a big deal of it just stating a fact. If you own or are buying a house whether you stay or move is in your own hands, if you rent it is not. People may not be forced to move very often but it does happen.

economic

ukcarper wrote: »

You seem to have an obsession about how life unfair life is everybody knows life isn't fair.

I'm not making a big deal of it just stating a fact. If you own or are buying a house whether you stay or move is in your own hands, if you rent it is not. People may not be forced to move very often but it does happen.

Yes it does happen. And sometimes it rains too. It does happen.

ukcarper

economic wrote: »

Yes it does happen. And sometimes it rains too. It does happen.

Is it a fact or not?

GreatApe

ukcarper wrote: »

You seem to have an obsession about how life unfair life is everybody knows life isn't fair.

I'm not making a big deal of it just stating a fact. If you own or are buying a house whether you stay or move is in your own hands, if you rent it is not. People may not be forced to move very often but it does happen.

What's wrong with moving?
The rental market is now sufficient enough in size that you can likely find something of the size and quality you are after close to where you want to be.

If anything the biggest pro of renting is that it does not fix you to one place. You can move closer to your work or closer to the kids school etc.

Moving costs of renting can be close to zero while the moving costs for an owner can be closer to £30k in London.

Tenant fees are rightly going so the only cost is the actual move which for most people will just be the fuel they burn moving stuff in their cars. Maybe if you have larger appliances and items you might need to rent a man and van for a day and £150 nothing really.

Also most landlords try their best to keep tenants so I don't think its common to be forced to move.

economic

ukcarper wrote: »

Is it a fact or not?

It's a fact. Just like it sometimes rains. That's a fact too.

GreatApe

ukcarper wrote: »

Is it a fact or not?

I think its mostly fiction

I'd wager of the tenant moves in excess of 95% are down to the tenant it might even be in excess of 99%.

Also private Repo's of tenants run at about 20k a year this is for a stock in excess of 5 million private rentals so it seems 99.5% of tenants do not get court repod. Or another way to out it us that on average a rental property has to repo once every 200 years. Surprisingly it seems social landlord repo more frequently

economic

Housing crisis is a myth. There is no problem with housing.

GreatApe

economic wrote: »

Housing crisis is a myth. There is no problem with housing.

This is absolutely true yet the papers and politicians keep going on about the housing crises it's sad to see that those who should be best informed seem to be ignorant

As I keep saying there are at least 11 distinct housing markets in the UK so to cry housing bubble or crisis is silly you would have to at least say which of the 11 regions is in crisis. At least 8 of the regions not only is there no crisis but homes are down right cheap.

The only region that arguably has a problem is inner London zone 1-3 where more high density housing would be useful. It wouldn't be about cheaper housing in those areas as rebuilding homes in zone 1-3 is not going to be cheap its more about adding units closest to the primary employment hubs of Westminster City and Docklands to help reduce stress on transport.

economic

GreatApe wrote: »

This is absolutely true yet the papers and politicians keep going on about the housing crises it's sad to see that those who should be best informed seem to be ignorant

As I keep saying there are at least 11 distinct housing markets in the UK so to cry housing bubble or crisis is silly you would have to at least say which of the 11 regions is in crisis. At least 8 of the regions not only is there no crisis but homes are down right cheap.

The only region that arguably has a problem is inner London zone 1-3 where more high density housing would be useful. It wouldn't be about cheaper housing in those areas as rebuilding homes in zone 1-3 is not going to be cheap its more about adding units closest to the primary employment hubs of Westminster City and Docklands to help reduce stress on transport.

agree. but i dont see much happening with building a significant number of houses in inner london. over the next year or so i am looking out for a good london investment property in zone 2-3 (buy it cheap - profits are made on the purchase price).