Rents Frozen In Scotland From Today

[Deleted User]

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

The thing is that many of those people who "want" to rent actually want to buy, but can't afford it because landlords bought up all the property and helped push prices even higher.

AJRBADGER

[Deleted User] said:

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

The thing is that many of those people who "want" to rent actually want to buy, but can't afford it because landlords bought up all the property and helped push prices even higher.

I agree some landlords are actively involved in the property market and have turned letting into a big business. I do believe that is a very different animal to what most landlords are.

My situation was I had a 1 bedroom flat and wanted to let it when I moved in with my girlfriend. Another situation is a friend who rents out his fathers bungalow after he died.

I kept my property for security when moving in together (in what was) a relatively new relationship (and wish to sell it now we are married and building a new house). My friend keeps his for security for his son (who he intends to gift it to as a first house, should he want it). Neither of us are in a situation where we are particularly wealthy, nor make fortunes off the property. We both couldn't afford a tenant going - say a year - without paying and a tenant trashing a house would definitely see us out of pocket, etc - unfortunately a situation that I had during Covid.

I believe both situations to be more typical than a commercial investment, but hey - landlord bad.

My main issue, I'm wanting to sell my flat, and that this government decision may effectively force me to continue being a landlord until the eviction ban is lifted - maybe 6mths, maybe 12mths, who knows. The tenant can even stop paying and I'm hamstrung to do much about it. I feel that is both unfair and punitive. 

ProDave

[Deleted User] said:

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

The thing is that many of those people who "want" to rent actually want to buy, but can't afford it because landlords bought up all the property and helped push prices even higher.

Spare a thought for landlords who are only landlords because when i tried to sell my house, in a depressed market nobody wanted to buy it.  Now the sales market is bouyant I might be prevented from evicting the tenant so I can sell it.

Sarah1Mitty2

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

I do have a big issue with the government moving the goal posts on a whim, particularly with an eviction ban. Already it is being said in parliament that this ban will go on to March and 'possibly longer' - obviously there is a lot of concern there. I did find myself in a situation that wasn't great with a tenant during covid, costing thousands, and I fear it can happen again. I fear that once again - as a landlord - I'm hamstrung to do anything about it.

Where does the extra 10% in your imaginary scenario live at the moment?

Sarah1Mitty2

AJRBADGER said:

[Deleted User] said:

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

The thing is that many of those people who "want" to rent actually want to buy, but can't afford it because landlords bought up all the property and helped push prices even higher.

I agree some landlords are actively involved in the property market and have turned letting into a big business. I do believe that is a very different animal to what most landlords are.

My situation was I had a 1 bedroom flat and wanted to let it when I moved in with my girlfriend. Another situation is a friend who rents out his fathers bungalow after he died.

I kept my property for security when moving in together (in what was) a relatively new relationship (and wish to sell it now we are married and building a new house). My friend keeps his for security for his son (who he intends to gift it to as a first house, should he want it). Neither of us are in a situation where we are particularly wealthy, nor make fortunes off the property. We both couldn't afford a tenant going - say a year - without paying and a tenant trashing a house would definitely see us out of pocket, etc - unfortunately a situation that I had during Covid.

I believe both situations to be more typical than a commercial investment, but hey - landlord bad.

My main issue, I'm wanting to sell my flat, and that this government decision may effectively force me to continue being a landlord until the eviction ban is lifted - maybe 6mths, maybe 12mths, who knows. The tenant can even stop paying and I'm hamstrung to do much about it. I feel that is both unfair and punitive. 

Right there are two reasons why you should never have been a landlord, I admit that no one saw the second one coming, or did they?

Alderbank

Sarah1Mitty2 said:

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

I do have a big issue with the government moving the goal posts on a whim, particularly with an eviction ban. Already it is being said in parliament that this ban will go on to March and 'possibly longer' - obviously there is a lot of concern there. I did find myself in a situation that wasn't great with a tenant during covid, costing thousands, and I fear it can happen again. I fear that once again - as a landlord - I'm hamstrung to do anything about it.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

 Where does the extra 10% in your imaginary scenario live at the moment?

You don't need any imagination. The concept of overcrowding is a real one.

A common example is an older couple having to share their two bedroom house with their son, his wife and their two children.

k12479

AJRBADGER said:

My main issue, I'm wanting to sell my flat, and that this government decision may effectively force me to continue being a landlord until the eviction ban is lifted... 

Stick it into an auction. Let properties with existing tenants are commonplace.

[Deleted User]

ProDave said:

[Deleted User] said:

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

The thing is that many of those people who "want" to rent actually want to buy, but can't afford it because landlords bought up all the property and helped push prices even higher.

Spare a thought for landlords who are only landlords because when i tried to sell my house, in a depressed market nobody wanted to buy it.  Now the sales market is bouyant I might be prevented from evicting the tenant so I can sell it.

You can sell it with tenant in situ, or sell it to the tenant at a reasonable price.

What you mean is you want more money.

Sarah1Mitty2

Alderbank said:

Sarah1Mitty2 said:

AJRBADGER said:

Sarah1Mitty2 said:

born_again said:

It's crazy..
Perhaps all private landlords in Scotland need to sell these & leave the Government the task of finding all the renters new homes. 

Who are they going to sell to with tenants in place? And if they all sell there will be a lot less renters for the government to house.

One of the reasons for well above inflation house/rental price growth is demand outweighs supply. Undoubtedly both are a problem, although far less so in much of Scotland than further south in the UK.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

If 500,000 were sold to people already renting, we'd have 500,000 in the rental market with 600,000 wanting to rent - 20% more demand than supply. 

Less people renting doesn't make the problem smaller. The issue is a lack of houses.

I do have a big issue with the government moving the goal posts on a whim, particularly with an eviction ban. Already it is being said in parliament that this ban will go on to March and 'possibly longer' - obviously there is a lot of concern there. I did find myself in a situation that wasn't great with a tenant during covid, costing thousands, and I fear it can happen again. I fear that once again - as a landlord - I'm hamstrung to do anything about it.

Say there are 1,000,000 houses in the rental market 1,100,000 people wanting to rent - 10% more demand than supply.

 Where does the extra 10% in your imaginary scenario live at the moment?

You don't need any imagination. The concept of overcrowding is a real one.

A common example is an older couple having to share their two bedroom house with their son, his wife and their two children.

How many people do you know that are doing this?

Alderbank

I have worked with social housing providers in the north west of England and have met a lot of people in this situation. One  company I worked with opened a new office in a small Lancashire town and I was shocked at the number of families who turned up on the first day seeking a new home to escape overcrowding.
I have no personal experience of the midlands or south of England. However the charity Shelter says in England over 1.5 million people are forced to live in overcrowded social homes. One in six residents now live in an overcrowded home. 

Shelter's analysis of the latest government data shows 730,000 children in England are growing up in overcrowded social homes.

What experience or first hand knowledge do you have, Sarah?