Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think people who own multiple homes have helped drive house prices out of reach?

135 replies

OneRoofIsEnough · 19/12/2025 13:54

I’m not saying they’re the only reason but I do think anyone who owns more than one residential property has played some part in pushing prices up over the last few decades.
When housing is treated as an investment vehicle rather than shelter, demand increases, supply tightens and first-time buyers lose out. Over time, that has made home ownership unaffordable for huge numbers of people.

AIBU to think this isn’t just “the market”, it’s a collective outcome created by individual choices?

OP posts:
YorkshireGoldDrinker · 22/12/2025 15:10

Slightyamusedandsilly · 22/12/2025 08:56

Not everyone can get a mortgage. It isn't just about cost. It's about having cash for a deposit and being credit worthy.

Rental homes are needed. Yes, most of the rental homes available should be social housing. But they're not. So private rental is needed to fill the gap.

I don't like the system (selling off of council houses etc) but it's the one we're stuck with. Private rentals are needed.

And not everyone wants to own anyway. There are a lot of people who move to be with their partners or closer to work. Then when they're ready to settle and/or have saved up enough, they can put a deposit down for a house.

Rentals are sorely needed, as much as freeholds are. A lot of people see the homeowner, get jealous and then want all property owners to hand over their properties to increase the available housing stock and then push private landlords out to make way for the government to be the landlord.

Slightyamusedandsilly · 22/12/2025 08:56

Not everyone can get a mortgage. It isn't just about cost. It's about having cash for a deposit and being credit worthy.

Rental homes are needed. Yes, most of the rental homes available should be social housing. But they're not. So private rental is needed to fill the gap.

I don't like the system (selling off of council houses etc) but it's the one we're stuck with. Private rentals are needed.

IsawwhatIsaw · 22/12/2025 08:53

Yes people are living longer in smaller households.
But the population was around 60 million in 2005 and is approaching 70 million now.
thats a huge increase and latest projections show a possible 80 million within 20-30 years.

billiongulls · 22/12/2025 08:30

taxguru · 21/12/2025 11:30

If it looks like a duck, waddles like a duck and quacks like a duck, it's a duck!

I think we'd all know what an "underoccupied" house looks like. And it's not faffing around the edges arguing about a spare room.

It's like the houses on my road, where there are old couples knocking about in huge 5 bedroom houses, our next door neighbour whose 85 shuffling around his 4 bedroom house. Yes, very rarely, a relative comes to stay, but that's just 1 more bedroom used. 2 or 3 bedrooms in each house are just storage of decades of assorted junk and clothes that don't fit. Not only that, but they all have huge unused gardens, double garages, 2/3 reception rooms, conservatories etc.

No one is arguing about the 2 bed semi with a spare room. They're talking about big houses with more rooms than the occupier will ever need, often deteriorating due to lack of maintenance, etc.

The tone you use when you talk about older people here isn't very nice.

YorkshireGoldDrinker · 21/12/2025 18:51

The problem is supply and demand and the supply side is always looked at, never the demand. We keep building houses without improving infrastructure, we just splice off existing infrastructure, putting more pressure on the system. The people who own multiple properties are so tiny in number that it's not worth scrutinising.

We're an overpopulated country, with thousands still coming in and expecting to buy a house. Demand pushes prices up.

Less people means less demand, but that's not something anyone wants to address, because we're open to the world.

Youraveragelass · 21/12/2025 18:48

The biggest issue in our area is people relocating to the area. It is often Londoners with large budgets who price out the locals. It’s been a total pain in the arse since Covid and I can’t see it improving. We have been actively looking to move since 2022!

ThisTicklishFatball · 21/12/2025 18:44

OonaStubbs · 20/12/2025 20:05

Owning multiple houses should be illegal. As should owning a home with far more bedrooms than you need.

That’s an admirably simple solution — just legislate people’s spare rooms out of existence.

The difficulty is deciding who gets to define ‘need.’

Children grow up, parents age, people work from home, families change, illness happens, guests exist. Life has an annoying habit of not fitting neatly into a bedroom-to-human ratio approved by strangers.

As for banning multiple homes, that sounds satisfyingly tough until you remember it would also catch carers, separated families, rural workers, people relocating for jobs, and anyone renting out a former home because selling would bankrupt them.

Housing policy is genuinely broken, yes.

But turning square footage into a moral crime mostly feels like a way to vent frustration at the wrong target.

The problem isn’t that someone, somewhere, has a spare bedroom.

It’s that the system can’t build enough homes — and pretending otherwise just keeps us arguing about curtains instead of foundations.

When a housing crisis makes us want to criminalise spare bedrooms instead of fixing supply, planning, and investment, that’s not policy — it’s just envy dressed up as virtue.

Purplebunnie · 21/12/2025 18:24

gogomomo2 · 21/12/2025 16:21

@taxguru. I like my spare rooms, means the kids and their dps can stay, one bedroom is used as an office mostly, 2 are spare rooms. We own our house outright

I like my spare rooms as well. DGC often has a sleep over so their parents can have a night off and has their room set up for them. They are all coming for Christmas so I'll have a full house DD often stays over with DGC if she has an early dentist appointment as it's just up the road from us and she doesn't want to dash across town in the morning rush

DH uses one room as an office

So sorry no I'm not going to down size - just yet but will do in the future but the set up suits us

Edited for typo and to say a lot of people work from home now so all these spare rooms are set up as offices

23Shadows · 21/12/2025 16:38

gogomomo2 · 21/12/2025 16:21

@taxguru. I like my spare rooms, means the kids and their dps can stay, one bedroom is used as an office mostly, 2 are spare rooms. We own our house outright

Don your tin hat.

gogomomo2 · 21/12/2025 16:21

@taxguru. I like my spare rooms, means the kids and their dps can stay, one bedroom is used as an office mostly, 2 are spare rooms. We own our house outright

gogomomo2 · 21/12/2025 16:18

But some people need rent, there’s a shortage of properties. If you can’t have rental properties how can you move cities for work, be housed as a university student or get a short term rental during divorce proceedings? You need a assured shorthold tenancy market for flexibility

23Shadows · 21/12/2025 16:08

taxguru · 21/12/2025 15:53

There are lots of families living in homes too small for them!

Such under-occupiers could be "nudged" to sell, such as removing the single occupancy council tax discount for 3+ bedroom homes. And incentives such as no stamp duty for down scaling.

Oh I'm all for incentives for people to move to smaller properties but the poster I originally quoted said it should be illegal to occupy a property with more bedrooms than you need. That's a crazy idea.

taxguru · 21/12/2025 15:53

23Shadows · 21/12/2025 14:06

So what do you propose? That people are forced to sell these big houses against their will? And where are they expected to live afterwards? There sure as hell aren't enough suitable smaller houses for them to move into.

There are lots of families living in homes too small for them!

Such under-occupiers could be "nudged" to sell, such as removing the single occupancy council tax discount for 3+ bedroom homes. And incentives such as no stamp duty for down scaling.

EvangelicalAboutButteredToast · 21/12/2025 15:32

taxguru · 21/12/2025 11:30

If it looks like a duck, waddles like a duck and quacks like a duck, it's a duck!

I think we'd all know what an "underoccupied" house looks like. And it's not faffing around the edges arguing about a spare room.

It's like the houses on my road, where there are old couples knocking about in huge 5 bedroom houses, our next door neighbour whose 85 shuffling around his 4 bedroom house. Yes, very rarely, a relative comes to stay, but that's just 1 more bedroom used. 2 or 3 bedrooms in each house are just storage of decades of assorted junk and clothes that don't fit. Not only that, but they all have huge unused gardens, double garages, 2/3 reception rooms, conservatories etc.

No one is arguing about the 2 bed semi with a spare room. They're talking about big houses with more rooms than the occupier will ever need, often deteriorating due to lack of maintenance, etc.

Who are you going to blame once the Boomers are dead?

EvangelicalAboutButteredToast · 21/12/2025 15:30

I think it’s more that people used to live as families and now families break down more often so one family in years gone by are now occupying two houses.

23Shadows · 21/12/2025 15:05

OonaStubbs · 21/12/2025 14:19

All housing should be nationalised and allocated based on need.

Oh don't be ridiculous.

angela1952 · 21/12/2025 14:59

billiongulls · 21/12/2025 11:43

I have a house I live in and an apartment that I rent. I inherited some money, had to do something with it, didn't fancy the stock market. I try to be an excellent landlord, and I set the rent below market value. Probably it contributes to house price increases in some way but I don't really feel responsible fur the entire housing market.

Yes, I rent a flat on much the same basis. The flat is properly managed by an agent and there has only been one very small rent increase since 2012. My tenant has been there for some years, he's elderly, so doesn't want the responsibility of owning a property, and is very happy there.
Sadly the flat is in a listed building and I can't meet the current letting standards for insulation as the council won't allow changes, so I'll probably have to sell the flat when he leaves, if not before.

OonaStubbs · 21/12/2025 14:19

All housing should be nationalised and allocated based on need.

JohnofWessex · 21/12/2025 14:18

The issue about property in the UK is that it is 'undertaxed' with the Sultan of Brunei paying as much for his multi million pound palace in London as a 3 bed in Burnley.

If we had a tax that reflected the value and no single occupier exemption plus of course all the inheritance tax exemptions then it would be less attractive to sit on a hiuse you were no longer making full use of.

23Shadows · 21/12/2025 14:06

taxguru · 21/12/2025 11:30

If it looks like a duck, waddles like a duck and quacks like a duck, it's a duck!

I think we'd all know what an "underoccupied" house looks like. And it's not faffing around the edges arguing about a spare room.

It's like the houses on my road, where there are old couples knocking about in huge 5 bedroom houses, our next door neighbour whose 85 shuffling around his 4 bedroom house. Yes, very rarely, a relative comes to stay, but that's just 1 more bedroom used. 2 or 3 bedrooms in each house are just storage of decades of assorted junk and clothes that don't fit. Not only that, but they all have huge unused gardens, double garages, 2/3 reception rooms, conservatories etc.

No one is arguing about the 2 bed semi with a spare room. They're talking about big houses with more rooms than the occupier will ever need, often deteriorating due to lack of maintenance, etc.

So what do you propose? That people are forced to sell these big houses against their will? And where are they expected to live afterwards? There sure as hell aren't enough suitable smaller houses for them to move into.

THisbackwithavengeance · 21/12/2025 13:03

The problem is that everyone likes to blame the little man who has inherited a second property or has invested in a BTL for retirement.

Rather than looking at the off shore conglomerates and faceless big businesses who own most of the property in this country.

I only have one property by the way.

Genevieva · 21/12/2025 12:47

Bonden · 21/12/2025 11:32

This country voted in millions for Thatcher when she promised to allow council houses to be purchased by tenants. “We” had a choice then, and we made it. The people’s self-interest and stupidity has got us where we are. There’ll be grandparents who bought their council houses complaining about the fact their own DGC can’t afford a home and can’t get a council
house, without ever seeing their own contribution to the state of things. After a long life as a labour voter in I longer give a crap about other people - my life has shown me (and I’m looking at Brexit, Farage, the Austerity Tory years) I’ve been a fool to want to try to make the country better for everyone.

When Thatcher implement Right to Buy, the council housing sold was being replaced with new build council housing. The housing stock sold often needed significant investment to remain habitable, so the scheme had widespread support with taxpayers and councils who could see the value of offloading the old housing stock to the people who lived in the houses at a good price, as they would be liable for repair costs and would take pride in improving their built environment. It didn’t always work, but the idea was seen as sustainable and cost effective. At the time, house prices were much lower relative to earnings and many lost value in the early 1990s recession. The problems was two fold: house prices boomed in the late 90s and council house building ground almost to a halt.

Howardyoudo · 21/12/2025 12:16

But that home is being rented out. So one side has an investment and the other side has a home. So no, I don’t think there’s anything wrong with it. We will be doing the same.

theunbreakablecleopatrajones · 21/12/2025 11:55

MargaretThursday · 21/12/2025 11:48

I don't think so. I think that's a very small part of the market and, if anything, has decreased in number,

What drove house prices out of reach is greed. Pure and simple greed.

Because it used to be you had to get 20% deposit and could only borrow up to 4x salary.

Then banks got greedy and started offering 100% mortgages and up to 10x salary at one point.

So someone on say £30k could borrow £120k but had to have 20% deposit, so could buy a house for £150k
Then someone on £30k could borrow £300k.
So double the price of the house. Because there was more money, if you had a house lots of people wanted, they'd offer more because they could get more money from the bank.
That's what drove house prices up.

That's part of it too, and this has been fuelled by the rise of duel income families.

Up to WW2 the average house was 3 times the average salary and had been for 600 years.

But it's also we have a much bigger population that lives longer, and not enough houses in the areas where there is work. More houses (apart from doing the basic job of housing people) will allow the market to drop.

We also need more social housing of course.

theunbreakablecleopatrajones · 21/12/2025 11:49

Partly.

Mainly we aren't building enough - like nowhere near enough - affordable first home and family homes, in the right areas (ie where there is work and transport available).

This is because our green belt legislation needs an update and developers need to be stopped from manipulating prices by holding onto land, and (I'm guessing) there also needs to be more transparency on the relationship between local authorities and developers to make sure there isn't corruption there.

I do think second homes are an issue in some areas - London is full of new build tower blocks that are basically bank safety deposit boxes in the sky - ie owned by foreign nationals to give them a base in Britain for Finance reasons. Also areas like Cornwall where holiday homes are really popular. So I think we do need legislation to sort that out. But overall it's a lack of building.

Swipe left for the next trending thread