calling all landlords - how r u finding the rental market

obsessed_saver

I'm a tenant and find the thread interesting and not at all offensive or insensitive or anything.

As for rental increases, surely it's purely down to supply/demand. If someone is willing to pay more to rent a property, good for them and the landlord.

If rental increases become unaffordable, people will just move or not rent the property.

All fair and square.

Here in Cambridge, rents have been increasing gradually. In 2001, rooms are around 250-350, nowadays, it's like 350-450.

I think single bed flats are going for £650-£750 nowadays, when it used to be £550-£650 in 2004. Current two bed properties £850 and up.

A lot depends on the location and the quality of the property itself. A one bed right in the middle of town in a up-class block have been asking for £1000+pcm.

Personally, I think council tax increases have been quite crazy the past few years. That really raised the cost of living.

moneysavinmonkey

As I said, I don't take any offence to landlords being on here, as others have said this forum is for people buying, selling + renting & letting (oh whoops, it actually doesn't say letting!) But the OP seemed pretty clear on only getting the view of landlords... so why post here!!

They specifically asked only landlords to reply....they said
"I am just interested to hear about fellow landlord's experiences at the moment. "

why???

FYI I'm not 'bitter' about renting, i'm still young(ish!) and have a good career path so my time will come - buy I do find some aspects of renting incredibly frustrating, mostly caused by landlords not playing to the rules!

moneysavinmonkey

jimc wrote: »

Hence the HPC reference. It's an uncomfortable truth for those who have sold and are renting in anticipation of reduced house prices later, that capital will erode faster than anticipated because of this.

not really with you, i haven't sold anything?? I do have capital eroding in the bank but not enough for a house yet! I doubt anything i or anyone else posts on here will affect house prices though!

BACKFRMTHEEDGE

emsywoo123 wrote: »

Following on from the thread that we commented on so frequently on, and had such opposing views on, I find myself agreeing with you backfrmtheedge!!:rotfl:
I am not a LL but am following the thread with interest, as a tenant!

Hi emsywool,

MSE is becoming a small world:D

moneysavinmonkey

BACKFRMTHEEDGE wrote: »

No - you can just ignore this thread! Do you rant at people on the pensions board cos they have a pension? Do you rant at people on the mortgage board cos they have a mortgage?:mad:

following your line of reasoning this is now the landlords board then!

ruggedtoast

We (renters) need to remember that for most of us rents have barely increased at all for several years and what you can get for your money now is still immeasurably better than what was around 6 or 7 years ago. Its coming as a shock to tenants that rents are rising a bit now because we've got used to having fixed prices in our heads as to what such and such a property costs in such and such a place.

Over the last decade people who would never normally have had access to the housing market have been buying instead of renting and even buying 2nd, 3rd and 4th properties to rent out themselves. It appears a great many of these people are now trying to offload these properties at reduced prices, including the ones theyre currently living in. A lot of people who could buy are waiting due to the current toxicity of the market - this is always going to skew rental prices in areas.

Like any other property market all rental markets are local markets. BTL novices with portfolios of over mortgaged overpriced off-plan new builds in city centres are going to struggle and a great many of them are going to drown. People with flats in nicer areas without much rental stock will do ok; for now.

Any landlords who are economically ignorant, cant absorb voids, are over mortgaged or unprepared for rising costs (their own personal ones too) in an era of falling national wealth and rising supply will be hit. I think I could make a pretty accurate prediction of which landlords on this board that will be (usually the loudest gloaters funnily enough) but Ill avoid naming names.

Sanity has been written out of our 'me first' economy by rocketing fuel prices and years of Thatcherite right to buy policy, stoked by insolvent reckless banks that have precipitated stock market collapses and investment fund panic. Add in a chancellor come prime minister who has stuck his snout into pension funds, eroded savings through inflation and low interest rates and has overseen an economy whose populous now believes being a go getting entrepreneur involves a trip to B & Q for a can of paint to do up their BTL flat followed by a few years of sitting on their back sides waiting for Sarah Beeny to come and tell them how rich they are; and we're in for a bumpy ride.

setmefree2

moneysavinmonkey wrote: »

following your line of reasoning this is now the landlords thread then!

I don't think the op was trying to exclude tenants from the discussion - they just didn't want it to descend into exactly this. Posters are trying to prevent any discussion between LLs. You have to agree that discussion has been prevented. You have won...the LLs stopped posting. Well done, pleased with yourself?

setmefree2

ruggedtoast wrote: »

We (renters) need to remember that for most of us rents have barely increased at all for several years and what you can get for your money now is still immeasurably better than what was around 6 or 7 years ago.

Rents have been low as many LLs have been making money through CGs. Since CGs no longer exist - then rents will rise.

jimc_2

moneysavinmonkey wrote: »

not really with you, i haven't sold anything??

I was trying to be helpful by answering your query about 'why the reference to HPC' and making a general comment. I was not commenting on your personal position about which I know nothing anyway.

paintpot

I asked the question to landlords because amongst other things a) I would expect that many tenants would not know whether a property had stood empty for a day, week, month or year because it is not their property. b) I doubt a tenant would know whether the rent they are paying is the same rent, an increase or a decrease on the previous tenant. c) I didn't realise that purely directing the question to landlords would be such an issue :rolleyes:

However, I am happy to formally invite tenants to enter into the discussion and put forward their views, although, by the looks of it, tenants don't feel excluded from the discussion as they have already been contributing.

moneysavinmonkey wrote: »

As I said, I don't take any offence to landlords being on here, as others have said this forum is for people buying, selling + renting & letting (oh whoops, it actually doesn't say letting!) But the OP seemed pretty clear on only getting the view of landlords... so why post here!!

They specifically asked only landlords to reply....they said
"I am just interested to hear about fellow landlord's experiences at the moment. "

why???

FYI I'm not 'bitter' about renting, i'm still young(ish!) and have a good career path so my time will come - buy I do find some aspects of renting incredibly frustrating, mostly caused by landlords not playing to the rules!