Presumably landlord’s costs haven’t gone up, and they’re just increasing their margins.
“people need houses and can’t afford to buy houses” yeah that will do that.
Great. Even MORE bills to pay :/
Soon the cost of just living will be unattainable for many 🙁
More depressing news, shall we just call it a day and end it already?
We can’t afford to live, what can we afford? Working all hours of the day to scrape by and be fucked over by the system is not a life.
This is fucking exhausting.
Buy to let landlords buy houses to rent out with a mortgage they’re not paying for, house prices go up, more people can’t afford to buy a home to live in so they’re forced to rent, driving up rent due to supply and demand, which then makes people even less able to afford a house.
But average cost doesn’t really mean anything. Lots of people renting mansions are executives getting relocated and the companies are paying – but it doesn’t take many 2.5K rentals to push the average up. Round here a three bed terrace costs around £750 a month – and hasn’t moved much all year. I imagine down south a one bed flat is going to be eye-watering.
Part of the problem is that 1 in 4 Tory MPs is a landlord themselves. The very people who have the power to fix this situation have a financial incentive not to. There is almost nothing representative about the people who we elect in our representative democracy so there’s almost no chance of them acting in a way that benefits the rest of us.
[deleted]
A demand created because people can’t afford to buy their own homes, not out of want
Insane to think the average is that high. I’ve never paid more than £450 rent in the UK…Goes to show how bad things must be some places to draw the numbers up
Dare I say this might be an effect of equity firms buying up large swathes of real estate at above market cost?
115 MPs are landlord, as we know most are self serving cunts they won’t vote or act against self interest.
Just two years ago, before we moved in together my partner and I would browse Rightmove and fantasies about the houses our combined payments could get. We both paid around £550 each and the places for £1000 or so were real big 5+ bedrooms with one kind of places.
Fast forward two years and there’s us and 2 kids squashed into a 2 bed. There’s literally one home on the market to rent in our area and it’s for a ‘normal’ 3 bed new build with tiny garden etc for £1100. We’d actually be losing living space, parking etc just to double our rent payment and gain a bedroom. It’s absolute madness.
It doesn’t help when half the properties around here get bought as second homes or are turned into AirBnBs so there aren’t houses to rent.
When there are places to rent, yeah it’s really expensive, and a mortgage would be much cheaper but we can’t afford a mortgage apparently.
Meanhwile these airbnb pricks are making a fortune and making an otherwise quiet street a pain in the arse to live in because of noise, parking and the general chaos of change over. I don’t care about your holiday. Fuck off.
Great so I’m paying more for a place I get to spend less time at because I have to take up more hours to pay for it.
We had to move last year. I work in Eastleigh and was living in Southampton, so we had two searches set up on Right Move; one for a two bedroom house in Southampton for <£1000, another for the same but in an area stretching from Eastleigh to Portsmouth.
The Portsmouth search returned maybe fifteen properties a week. The Southampton search returned one. On a good week.
We ended up moving to Gosport to a small three* bed semi with a microscopic concrete ‘garden’ that costs us £950 a month. And when I tell homeowners how much I pay they’re always shocked.
​
*two bedrooms and a room that’s officially a bedroom, but you’d never actually get a bed in it.
I work full time and live in a van. I’m on a low wage doing an essential job. I know plenty of other people in identical situations – I know delivery drivers, healthcare workers, cleaners, school workers, labourers, students, retail workers – the list goes on – who live in vehicles because they can’t afford to pay rent, bills, food, and have anything left over for emergencies. It’s not ideal – it’s not always very safe, it’s hard when it’s cold and it’s hard when it’s hot. It’s particularly challenging for people with kids. That’s how it is in this country now, I think I feel more sorry for the people struggling to pay exorbitant rent on an insecure tenancy. And at least I’m not in a hostel or on the street.
That’s a 3 bed flat around here.
It’s fucking ridiculous.
That’s a month’s wages for me if work is very busy! Guess, renting a home can be ticked off the things I can never ever hope to do unless I earn £2-3k per month. Guess, it’s bedsits until I die of old age(i say, old age, what i really mean is, work until I literally drop dead at the age of 90)
Fuck me. What is the average take home a month? £1800?
My rent is £595 for a 3 bed semi-detached with driveway and decent garden. North East based.
My neighbour just moved in with her boyfriend and has put her house – the same house – up for rent for £800… It was on the market 3 days before a contract was signed. She told me that the estate agents played the interested parties off against each other to give her “the best deal”.
I am waiting for my landlord’s notification of rent increase now no doubt.
The housing situation in this country is fucked. It is totally unsustainable. At what point does this shit crash?
Man, they must have heard how much people were saving by cancelling their Netflix and Costa accounts.
A house is no longer a home, it is now a speculative investment. People need shelter and will die without it, however that is apparently an afterthought when there could be money to be made from that shelter. We are being held hostage so that we can allow landloards to have a nice retirement at the cost of our own.
The is fucking ridiculous. In the last two months rents for single bedroom places near my work have gone from £650-750 to £850-950 and those that are available are dated, dark and just all round shoddy.
A jump from roughly £8.4k a year to house yourself to £10.8k at the more middling price options. £2.4k… excluding other living cost rises (of which there are plenty) how the fuck are people meant to afford this shit. Raises need to be huge to cover these additional costs but they won’t be.
The prices go up, the stock remains the same and degrades in quality. The low paid lose out…. Again. Hell at this point the moderately well paid are also getting railed.
How the fuck is this sustainable?
Landlords are salivating but why is no one able to see we’re in a bubble?
Somethings got to give.
And yet housing benefit is staying the same for another year, so the disabled and many others depending on it will have bigger shortfalls to deal with than ever.
UK already stopped immigrants from coming in. Now its just pushing out the ones who stayed
I’d be interested how landlords are dealing with rent negotiations with existing tenants. My old landlord always put the rent up by the rate of inflation, which at the time was very low. Now we are in a high inflation environment and the thought of a landlord putting rent up by 7% is pretty crazy to me!
Blame the government as the buck stops with them, this rental sector should have been capped years ago it’s a licence to print money.
29 comments
Presumably landlord’s costs haven’t gone up, and they’re just increasing their margins.
“people need houses and can’t afford to buy houses” yeah that will do that.
Great. Even MORE bills to pay :/
Soon the cost of just living will be unattainable for many 🙁
More depressing news, shall we just call it a day and end it already?
We can’t afford to live, what can we afford? Working all hours of the day to scrape by and be fucked over by the system is not a life.
This is fucking exhausting.
Buy to let landlords buy houses to rent out with a mortgage they’re not paying for, house prices go up, more people can’t afford to buy a home to live in so they’re forced to rent, driving up rent due to supply and demand, which then makes people even less able to afford a house.
But average cost doesn’t really mean anything. Lots of people renting mansions are executives getting relocated and the companies are paying – but it doesn’t take many 2.5K rentals to push the average up. Round here a three bed terrace costs around £750 a month – and hasn’t moved much all year. I imagine down south a one bed flat is going to be eye-watering.
Part of the problem is that 1 in 4 Tory MPs is a landlord themselves. The very people who have the power to fix this situation have a financial incentive not to. There is almost nothing representative about the people who we elect in our representative democracy so there’s almost no chance of them acting in a way that benefits the rest of us.
[deleted]
A demand created because people can’t afford to buy their own homes, not out of want
Insane to think the average is that high. I’ve never paid more than £450 rent in the UK…Goes to show how bad things must be some places to draw the numbers up
Dare I say this might be an effect of equity firms buying up large swathes of real estate at above market cost?
https://www.opendemocracy.net/en/dark-money-investigations/quarter-tory-mps-are-private-landlords/
115 MPs are landlord, as we know most are self serving cunts they won’t vote or act against self interest.
Just two years ago, before we moved in together my partner and I would browse Rightmove and fantasies about the houses our combined payments could get. We both paid around £550 each and the places for £1000 or so were real big 5+ bedrooms with one kind of places.
Fast forward two years and there’s us and 2 kids squashed into a 2 bed. There’s literally one home on the market to rent in our area and it’s for a ‘normal’ 3 bed new build with tiny garden etc for £1100. We’d actually be losing living space, parking etc just to double our rent payment and gain a bedroom. It’s absolute madness.
It doesn’t help when half the properties around here get bought as second homes or are turned into AirBnBs so there aren’t houses to rent.
When there are places to rent, yeah it’s really expensive, and a mortgage would be much cheaper but we can’t afford a mortgage apparently.
Meanhwile these airbnb pricks are making a fortune and making an otherwise quiet street a pain in the arse to live in because of noise, parking and the general chaos of change over. I don’t care about your holiday. Fuck off.
Great so I’m paying more for a place I get to spend less time at because I have to take up more hours to pay for it.
We had to move last year. I work in Eastleigh and was living in Southampton, so we had two searches set up on Right Move; one for a two bedroom house in Southampton for <£1000, another for the same but in an area stretching from Eastleigh to Portsmouth.
The Portsmouth search returned maybe fifteen properties a week. The Southampton search returned one. On a good week.
We ended up moving to Gosport to a small three* bed semi with a microscopic concrete ‘garden’ that costs us £950 a month. And when I tell homeowners how much I pay they’re always shocked.
​
*two bedrooms and a room that’s officially a bedroom, but you’d never actually get a bed in it.
I work full time and live in a van. I’m on a low wage doing an essential job. I know plenty of other people in identical situations – I know delivery drivers, healthcare workers, cleaners, school workers, labourers, students, retail workers – the list goes on – who live in vehicles because they can’t afford to pay rent, bills, food, and have anything left over for emergencies. It’s not ideal – it’s not always very safe, it’s hard when it’s cold and it’s hard when it’s hot. It’s particularly challenging for people with kids. That’s how it is in this country now, I think I feel more sorry for the people struggling to pay exorbitant rent on an insecure tenancy. And at least I’m not in a hostel or on the street.
That’s a 3 bed flat around here.
It’s fucking ridiculous.
That’s a month’s wages for me if work is very busy! Guess, renting a home can be ticked off the things I can never ever hope to do unless I earn £2-3k per month. Guess, it’s bedsits until I die of old age(i say, old age, what i really mean is, work until I literally drop dead at the age of 90)
Fuck me. What is the average take home a month? £1800?
My rent is £595 for a 3 bed semi-detached with driveway and decent garden. North East based.
My neighbour just moved in with her boyfriend and has put her house – the same house – up for rent for £800… It was on the market 3 days before a contract was signed. She told me that the estate agents played the interested parties off against each other to give her “the best deal”.
I am waiting for my landlord’s notification of rent increase now no doubt.
The housing situation in this country is fucked. It is totally unsustainable. At what point does this shit crash?
Man, they must have heard how much people were saving by cancelling their Netflix and Costa accounts.
A house is no longer a home, it is now a speculative investment. People need shelter and will die without it, however that is apparently an afterthought when there could be money to be made from that shelter. We are being held hostage so that we can allow landloards to have a nice retirement at the cost of our own.
The is fucking ridiculous. In the last two months rents for single bedroom places near my work have gone from £650-750 to £850-950 and those that are available are dated, dark and just all round shoddy.
A jump from roughly £8.4k a year to house yourself to £10.8k at the more middling price options. £2.4k… excluding other living cost rises (of which there are plenty) how the fuck are people meant to afford this shit. Raises need to be huge to cover these additional costs but they won’t be.
The prices go up, the stock remains the same and degrades in quality. The low paid lose out…. Again. Hell at this point the moderately well paid are also getting railed.
How the fuck is this sustainable?
Landlords are salivating but why is no one able to see we’re in a bubble?
Somethings got to give.
And yet housing benefit is staying the same for another year, so the disabled and many others depending on it will have bigger shortfalls to deal with than ever.
UK already stopped immigrants from coming in. Now its just pushing out the ones who stayed
I’d be interested how landlords are dealing with rent negotiations with existing tenants. My old landlord always put the rent up by the rate of inflation, which at the time was very low. Now we are in a high inflation environment and the thought of a landlord putting rent up by 7% is pretty crazy to me!
Blame the government as the buck stops with them, this rental sector should have been capped years ago it’s a licence to print money.