>the average rent on a newly let home in Great Britain rose to £1,348 pcm in November
The **average** rent over all homes, in all areas in GB is now **91%** of a full-time, minimum wage job.
Yes, that’s skewed by (a) larger homes and (b) geographic distribution, but what that really means is that there are now areas of the UK where **rent** for a home is **more** than a minimum wage earner earns.
That’s really, really, really bad.
Just one thing to note, I know it will not be popular here though:
This forum and many others, have vilified **ALL** landlords as “disgusting, money grabbing scum” and much worse, It is of no surprise to me that many have had enough of this, have sold their properties and got out of the sector, this has had an effect on the supply. Maybe actions have consequences, who knows?
Who would’ve thought importing millions would have consequences.
Oh well, at least Amazon has an unlimited supply of workers.
the fact that comments here are blaming legal migrants more than landlords with multiple properties for income generating purposes and underfunding+inability of govt in restricting overseas landlords ☠️Go UK!
Hey hey don’t forget about us mortgage payers, mine increased £350 this year alone.
Drastic under supply of new homes for decades + mass selloff of council homes in the Thatcher era + illegal immigrants is an issue
It’s funny how I’ve seen several interviews with landlords saying “well, my costs have gone up and the current rent I’m charging doesn’t cover the mortgage repayments so now ***it’s costing me money***.” What? No it’s not. You’re paying off a debt that you decided to take on.
7 comments
>the average rent on a newly let home in Great Britain rose to £1,348 pcm in November
The **average** rent over all homes, in all areas in GB is now **91%** of a full-time, minimum wage job.
Yes, that’s skewed by (a) larger homes and (b) geographic distribution, but what that really means is that there are now areas of the UK where **rent** for a home is **more** than a minimum wage earner earns.
That’s really, really, really bad.
Just one thing to note, I know it will not be popular here though:
This forum and many others, have vilified **ALL** landlords as “disgusting, money grabbing scum” and much worse, It is of no surprise to me that many have had enough of this, have sold their properties and got out of the sector, this has had an effect on the supply. Maybe actions have consequences, who knows?
Who would’ve thought importing millions would have consequences.
Oh well, at least Amazon has an unlimited supply of workers.
the fact that comments here are blaming legal migrants more than landlords with multiple properties for income generating purposes and underfunding+inability of govt in restricting overseas landlords ☠️Go UK!
Hey hey don’t forget about us mortgage payers, mine increased £350 this year alone.
Drastic under supply of new homes for decades + mass selloff of council homes in the Thatcher era + illegal immigrants is an issue
It’s funny how I’ve seen several interviews with landlords saying “well, my costs have gone up and the current rent I’m charging doesn’t cover the mortgage repayments so now ***it’s costing me money***.” What? No it’s not. You’re paying off a debt that you decided to take on.
They’re either stupid or dishonest.