Rentals go so quick

You have to remember growstuff that some people chose to rent rather than buy as it suits them better for a variety of reasons.

One very nice couple we had a few years ago always rented as they loved moving around the country as the whim took them.
They had no children, both worked in areas in demand, and after living in one part of the country for a year or two, they then fancied a change.

Yes ideally all those who wanted to buy should be able to, but I do wonder if younger people these days are willing to make the sacrifices we did to secure a deposit for our first house.

It's also perfectly possible to imagine a world outside of your own existence where there may have been hardship through disability or illness short or long term and periods of unemployment. Or financially life changing events like divorce. Not everyone has a straight forward life.

I have a horrible feeling that soon people will be living under flyovers or in cars?camper vans. Property is now all about money - without money for rental or purchasing property you are in a mess.

We can't just punish and disincentivise landlords while people don't have secure and well paid jobs so they can afford to buy, couple this with the kind of destruction some tenants can wreak on the homes they rent! Private individuals withdrawing from letting would be a disaster for people like students and those who need to move around a lot or don't have the wherewithal to buy overpriced property. Landlords should, perhaps, be local councils! Or is this too much to expect. Where I used to live, half a million quid would buy a lovely terraced 3 bed house overlooking a green, garden, parking, places for children to play, near schools .... yes, these are EX-council houses! People were valued by the state a great deal more then.

Many'second homes'in Cornwall making it difficult for local 'first time' buyers to get into the property market

We rent out two properties below market rent as they are invested as pension top up. The rents cover mortgages, insurances, repairs etc with very little left over as “profit” which we then pay tax on anyway. We did have another but the tenant left a huge mess and owed us money. We had always been fair with her, even lending her money a couple of times. (She has an admin job in our local hospital). It cost us a lot of time and money to put right. Our local council has no housing available although miraculously find some for refugees but not for people who have lived here all their lives. I advertised on Facebook pages and was inundated with people wanting to view. It went to the first person who saw it after his checks were completed. Lots of landlords have sold up as the odds are in the tenants favour now if there’s a problem. That’s why there’s so little stock to rent on the market.

Boz that day is already here. Six of my clients are, or have been, living in their cars - and most of those are people in work. I live in a small town where the LHA (the amount benefits pay towards housing costs) is:

Shared Accommodation Rate: £84.50 per week (1 room lodgings). This equates to £366 pcm, but the local rate for single room lodgings is between £500-£550.

The LHA rate for a 2 bed place: £593 pcm, but the actual cost for a cheap 2 bed rental is £750-£850.

To be honest though it's all moot because I've just googled and there are NO 2 bed properties to let in the town and No lodgings being offered.

Yes…very much the same. My son was given notice on his flat in April… but because of Covid he has had a longer looking time .zhe has to be out end November. Every time he tries for one it’s gone.Then a week ago he sat up all night waiting to see if anything g was moving ….saw a flat 3 mins from his old one, and at right rent. Half hour later he had filled in on-line forms, paid his first mo the rent, paid agents fees. Sight unseen. It’s not exactly what he wanted but you have to take what’s out there. He’s in low paid work …. but luckily we’ve been able to boost his savings to help him but furniture as this on is unfurnished! He got his keys this morning and his first look-see will will be after he finishes work at six tonight! You just cannot let the grass grow!

I feel very upset for the young people without parental support. How can they be expected to find deposits unless they have a good job and save.
In the past, they took jobs as live-in servants or joined the armed forces but this cannot be for everyone.
Is Centre-point still going.

That's why we are selling.

My daughter is buying her house on her road but is surrounded by rentals ! Prospective landlords pay above the asking price when properties come on the market so families have no chance! She feels isolated and there is a lack of community !
We did have rentals but sold over 5 years ago, too much hassle with tenants, rent not paid, damage to property plus conscience got the better of me ! Never again!!!

The same in Derby and in North Wiltshire. It’s an absolute nightmare. We badly need a huge investment in social housing.

When I moved in with OH I kept my little house and let it.

I had no idea how much the legal requirements would cost each year, things like gas and electric safety certificates, Legionnaires testing etc or that I would have to pay for my tenants deposit to be held safely.

I also didn’t reckon with the extent of wear and tear, even good tenants would inflict, just because it wasn’t theirs and they could be a bit gung-ho. Drinks spilled on all the carpets, heat and cut marks on the kitchen surfaces, a crack in the shower tray where a glass bottle fell of the shelf. The repairs cost far more than the rent and the deposit.

Many accidental landlords like me are not letting their homes anymore. In money terms it would have been better to let it stand empty.

When there were Council houses tenants looked on them as their homes and looked after them. Now most tenants are just passing through.

We desperately need to go back to public housing. Because house prices follow wages there will always be some people who are below the National average and who will struggle to buy.

JenniferEccles

You have to remember growstuff that some people chose to rent rather than buy as it suits them better for a variety of reasons.

One very nice couple we had a few years ago always rented as they loved moving around the country as the whim took them.
They had no children, both worked in areas in demand, and after living in one part of the country for a year or two, they then fancied a change.

Yes ideally all those who wanted to buy should be able to, but I do wonder if younger people these days are willing to make the sacrifices we did to secure a deposit for our first house.

The difference for most isn’t an unwillingness to scrimp and save, it’s that the percentage of income needed to save is a larger one.

We rented a house between moves a few years ago, it was a lovely house but unloved. The Landlord popped round to see if we were ok and was he was shocked that I had polished the vestibule and hall floor. I said this is my home albeit temporary and I want to look after it. It’s a pity that others don’t see it that way.