Rents rising

All supply and demand.

Build 500k affordable houses, the backside will fall out of the rental market. A lot of greedy Tory/capitalist types have "property portfolios" consisting of masses of properties. Their income will be decimated if a tenant paying £1200-2000k month rent is offered a property they can get a mortgage on......and save money.

So they have a vested interest in making sure new affordable housing is scarce. And it's working an absolute treat.

Demographics show more people need houses, so make sure the prices are inflated by making sure demand way outstrips supply.

It's complete bollox......and I'm saying this as a landlord.
 
Sheriff_John_Bunnell_ret said:
Yes it's dreadful. They need to build fuckloads of council houses. This won't happen as people are simply not interested. A home is an investment for the majority of people, they want their investment to go up and if this **** over other people that's their tough ****.

It's not down to landlords. It's not down to the Tories. It's down to human beings being human beings. People simply won't vote for things that make them less well off. So you won't find the Tories or labour starting the massive social house building that is needed.
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I've never seen my house as an investment it's just my home and a roof over my head. I've never understood the absolute obsession we have with house prices in the UK. The people talking up the housing market are the estate agents, lenders, solicitors, etc., etc., who are all in for a percentage cut based on sale price.
 
Personally i find the whole concept of private landlords making profit out of people on lowly incomes repugnant. In an ideal world local councils should own all the stock of social housing. As others have stated thatchers right to buy was a disaster every house sold should have been replenished. I dont necessarily think the long term aim of increasing home ownership is the answer creating good standard fair priced rental property would be far more benifcial.
 
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Glover_elbow said:
Personally i find the whole concept of private landlords making profit out of people on lowly incomes repugnant.
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Agree to an extent, but a lot if renters are not on a 'lowly income', as you describe it.

In fact, many choose to do so, rather than having no choice.

Like most things there's a broad spectrum between landlords offering fairly priced, good quality housing and those bordering on exploitation.
 
Agree to an extent, but a lot if renters are not on a 'lowly income', as you describe it.

In fact, many choose to do so, rather than having no choice.

Like most things there's a broad spectrum between landlords offering fairly priced, good quality housing and those bordering on exploitation.
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Yes but in the same breath if people didn't buy up multiple properties the strain on the housing market would be less. Housing should be seen as a right and not a business.
The housing market is a orchestrated bubble when you break it all down, prices are kept artificially high through depression of building because of the vested interests of capital.
Owning a property and renting out should not be a business in the same way the water company shouldn't be for profit.

But that's just my opinion, I appreciate it's not shared by all.
 
Ref Unaffordable rents

Just spoke this evening with a woman I do voluntary work with, she is aged around 60 and she said her young daughter and boyfriend were moving in with her. They currently live on London, but can't afford to rent any longer. They both have professional jobs, the daughter is an event organiser for a large University and the boyfriend can work from home. I asked how old she was and she said 31, to me she is not that young. The daughter and her boyfriend will both work from home (the mother's house). The mother lives 150 miles from London even though the relevant employers are in London.

Of course this model only works while the employers are happy for their employeee to work from home for at least 4 days a week and the adult children don't want to have children and happy with limited privacy.
 
Glover_elbow said:
I was looking for an overseas colleague for a place to rent in east cleveland recently and there was a terraced streethouse in carlin how listed on Rightmove for £1400 pcm. Absolutely staggering
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It’s because it’s so handy, really vibrant place, high street is a shoppers dream, bistro restaurants. Jobs galore.
 
The private landlord should be used for those that are renting who are professionals earning £30k plus a year.

The there should be social (not for profit) landlords for those earning less than £30k/year.

In the 1980s we had this, but the social landlords such as local councils and charities have vanished or are shrinking.

The article I put up was about people on social welfare (sick, disabled, people looking after relatives/younger children full time, elderly, people who find it difficult to find a full time job above Living Wage etc) - there must be about 5m households in this category.
 
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