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Average Rent Now £1000pcm & Rising

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Comments

  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Do you know anyone (outside London) who is paying £1000 per month in rent??? :confused:

    These figures are tosh.
    poppy10
  • Incisor
    Incisor Posts: 2,271 Forumite
    1,000 Posts Combo Breaker
    poppy10 wrote: »
    Do you know anyone (outside London) who is paying £1000 per month in rent??? :confused:

    These figures are tosh.

    Any surprise there?
    from Original Poster's link: The cost of renting the average home has risen by 4% since the start of the year and 12% over the past six months, according to buy-to-let lender Paragon.
    'nuff said
    After the uprising of the 17th June The Secretary of the Writers Union
    Had leaflets distributed in the Stalinallee Stating that the people
    Had forfeited the confidence of the government And could win it back only
    By redoubled efforts. Would it not be easier In that case for the government
    To dissolve the people
    And elect another?
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    Probably asking prices.

    A lot of BTL fraggles who bought "executive flats" off plan have recently taken ownership and are looking for tennants.

    You only have to see the number of vacant lets to see how f**ked BTL fraggles are.... choices:
    A) Slash rent to get tennant
    B) Leave house empty
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Most single people take home £1000/month or less.
    Like all these speculative rent amounts, there aren't enough people with enough income to pay that.
    My rent's £350 (self-contained bedsit/studio as they call them)
  • brightonman123
    brightonman123 Posts: 8,535 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    £1k- is that a week, or a month??

    I have council flat in BN1, £80/wk = £344/mnth, £4,128 a year..
    no way could i afford to buy, or rent privately.
    Long time away from MSE, been dealing real life stuff..
    Sometimes seen lurking on the compers forum :-)
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That's the thing. There's a two-tier society:

    1] Those that can get a council/HA place and rent cheap for life
    2] The rest of us that can never get one and are destined to pay over the odds for dinky places.
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    Well, I just picked a city at random - Manchester - and came up with this one at £14,733 pcm! The cheapest was this one at £1 pcm

    So the average is £7,367 pcm.

    There are statistics, staistics and damn lies.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gorgeous_George wrote: »
    Well, I just picked a city at random - Manchester - and came up with this one at £14,733 pcm! The cheapest was this one at £1 pcm

    So the average is £7,367 pcm.

    There are statistics, staistics and damn lies.

    GG

    £14,733 is a typo. Deposit is £4250, suggesting that the rent is £1473/month or similar. Unless that's the yearly rent and it's about £1230/month
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    PasturesNew wrote: »
    Most single people take home £1000/month or less.
    Like all these speculative rent amounts, there aren't enough people with enough income to pay that.
    My rent's £350 (self-contained bedsit/studio as they call them)

    Agreed... most people who rent tend to be in the lower wage bracket.

    Minimum wage is £11k a year BEFORE tax an NI, so with rent at £1000pcm = £12,000pa you'de need to be earning £16,000 just to cover the rent never mind bills, food etc.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    PasturesNew wrote: »
    £14,733 is a typo. Deposit is £4250, suggesting that the rent is £1473/month or similar. Unless that's the yearly rent and it's about £1230/month


    You don'y say!

    Maybe the £1 one is a trypo too, do you think?

    Whoooooosh!

    Seriously, it is data like this that feeds the averages often quoted in the press.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
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