Of course, even if 2 in 7 are over paying, that means the other 5 in 7 are under paying…
Pretty much everyone is overpaying because the housing market is ridiculously overinflated.
Not a comment on the housing market, but a technical point.
>The DPS – which says its database of private rental prices is the largest of its kind – said a survey of tenants it carried out earlier this year found that 15% of respondents said they had paid more than the advertised rent to secure their property.
>Of those, more than two in five (43%) said they had paid over the odds because they were “desperate to secure a property”, while 26% said there was nothing else on the market. A further 11% said the agent had asked them for their “best offer”, another 11% said they overpaid because they loved the property, and the remaining 9% did not give a reason for overpaying.
This isn’t “overpaying” this is paying the market price for a property that was listed with a too low asking price.
Our landlord is putting our rent up £100pcm in July.
Little does she know we’re completing on another house in early June, and on a rolling monthly contract. We told her July was fine with us lol
More would say they are overpaying based on what they pay vs. what they receive too. People are having to move to smaller properties simply because landlords keep raising rents at the end of every contract. The rental market needs far more in the way of oversight and more in the way of rights for renters than we have now.
Look at talented Mr money bags over here that rich he can fold 20 notes to make a house.
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Of course, even if 2 in 7 are over paying, that means the other 5 in 7 are under paying…
Pretty much everyone is overpaying because the housing market is ridiculously overinflated.
Not a comment on the housing market, but a technical point.
>The DPS – which says its database of private rental prices is the largest of its kind – said a survey of tenants it carried out earlier this year found that 15% of respondents said they had paid more than the advertised rent to secure their property.
>Of those, more than two in five (43%) said they had paid over the odds because they were “desperate to secure a property”, while 26% said there was nothing else on the market. A further 11% said the agent had asked them for their “best offer”, another 11% said they overpaid because they loved the property, and the remaining 9% did not give a reason for overpaying.
This isn’t “overpaying” this is paying the market price for a property that was listed with a too low asking price.
Our landlord is putting our rent up £100pcm in July.
Little does she know we’re completing on another house in early June, and on a rolling monthly contract. We told her July was fine with us lol
More would say they are overpaying based on what they pay vs. what they receive too. People are having to move to smaller properties simply because landlords keep raising rents at the end of every contract. The rental market needs far more in the way of oversight and more in the way of rights for renters than we have now.
Look at talented Mr money bags over here that rich he can fold 20 notes to make a house.