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AIBU?

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Original poster

help to rent scheme is crazy

26 replies

medona · 10/04/2015 11:27

Anyone else think this is a stupid scheme giving deposit for young people to move out of home.

If they are still living at home saving the deposit will be easy, what won't be easy is the sky high rents and this move will probably push rents higher!

OP posts:
Misslgl88 · 10/04/2015 12:49

I got help with my deposit through the deposit scheme (granted I was 23 with DD at the time as over crowded at home). It was only up to the value of £370 (needed £450) and I also had to pay it back after a year. I do see where you are coming from though if it's for younger people no children overcrowding etc

Misslgl88 · 10/04/2015 12:50

Oh forgot to mention that was 4 years ago

TeWiSavesTheDay · 10/04/2015 12:55

It doesn't solve the high rent problem but if you can use it between properties it would be extremely useful. The deposit for a two or three bed house is often more than £1000 and if your family has been given only two months notice to move. (totally standard) that much money can be impossible to raise. However you can generally pay the loan back quite quickly if you get a full deposit back from your first place...

Birdsgottafly · 10/04/2015 12:56

Because of the bedroom tax, HAs etc will only rent a property that meets the requirement, so 1 adult in a one bedroom. There is a shortage of properties, so the private sector needs to be looked at.

The scheme is tailored to categories.

Under 25 is one and they shouldn't be excluded, in theory anyone could move in with family.

This scheme existed pre bedroom tax, but it's now needed more than ever.

There are lots of reasons why an adult needs their own accommodation and hostels are permently full

suzannecallmestan · 10/04/2015 14:58

yes it is crazy, we need rent controls

MisForMumNotMaid · 10/04/2015 15:12

What i don't understand is as the OP says if they can't save at home how will they save when paying rent, bills etc?

The homeless situation is different if you've been given notice so need to raise a deposit quickly before vacating. When deposit savings exist but are tied to an existing rental a shot term low interst loan would seam like a great idea. If it could be somehow tied into using funds from the deposit hold scheme that would be even better. It would help people to move so keep landlords on their toes regarding increases and property state of repair etc.

Young people who need to be out of where they are quickly and are working should also come under the homeless situation rather than a blanket I want so i'll just get the money and work out how i'm not going to be able to pay for it later policy. It'd probably be cheaper for working homeless youngsters to have some sort of deposit assistance than a loan and associated administration.

DragonWithAGirlTattoo · 10/04/2015 15:15

why are all the initiatives to young people? what about those who are a bit older and have to move in with their parents?

ClarasZoo · 10/04/2015 15:22

What we need is an incentive (tax?) for landlords to let on longer term tenancies. Everyone says - look at France and Germany - more people rent there. Well the reason they do is that they can be sure that they will not be made to move for 10/20 years. The old rent control (Rent Acts etc) was too much skewed to tenants but now landlords hold too many cards. If landlords paid less tax for longer tenancies, everyone is a winner in my view.

LurkingHusband · 10/04/2015 15:22

The only solution to the housing crisis is more houses. Anything else is just a mechanism to push up prices in an area with rationed resources.

suzannecallmestan · 10/04/2015 15:29

we could have penalties for under occupation, properties left empty.

What will happen when all the boomer generation want to downsize into smaller retirement sized properties?

cleanmyhouse · 10/04/2015 15:37

there needs to be a cap on rent.

Buy to let landlords/companies and agents are one of the many things that has fucked things for this country and all help to rent is doing is encouraging greed instead of legislating against it.

MushroomTree · 10/04/2015 15:42

I'm 23, live at home and have been saving for a deposit so DP and I can move in together for over a year.

Both of us pay nearly as much to live at home as we will when we live together, so I don't think it's fair to ask why young people can't save when they live at home.

We're not all being fully subsidised by our parents and we certainly don't all have well paying jobs that allow for saving the huge pots of money required to rent a property.

However, I'm concerned that all of these schemes seem to be a way of encouraging young people to get further in debt. And I definitely think there needs to be some kind of limit on the amount estate agents can charge is fees on top of a hefty deposit.

rosedavo · 10/04/2015 15:46

You are an idiot. Help to buy scheme is great....im married and me and my husband work fulltime and dont have any unnecessary outgoings and we struggle to save enough per month while renting for a deposit for a mortgage etc. This scheme will help us get on the ladder (btw they help towards a portion of it....not all of it, so if the deposit was 10grand they wud give you 3 grand towards it). So its really not for 'buying homes for teenagers who dont save'

suzannecallmestan · 10/04/2015 15:46

it will just enable landlords to keep rents high, much like the help to buy scheme helped to prop up house prices.

Ostensibly providing a solution but really just a thinly veiled measure to perpetuate it in the long termHmm

a small sticking plaster for a grievous wound

LurkingHusband · 10/04/2015 15:47

If there were a grain shortage, caused by not enough grain then no amount of grain controls, price caps, grants to reserve grain, or penalties for underusing grain will change the fact that

(wait for it)

there's not enough grain.

Now, in whose interests would it be, in a grain shortage, to avoid growing more grain ?

Cui bono ?

DragonWithAGirlTattoo · 10/04/2015 15:48

i'd love to see a penalty for secodn homes, maybe increased council tax as they are not adding to the local economy as much as someone who lives there

from what i can tell as just a normal person, we need more houses in places where people want to live, thats the problem, the south is over crowded, we are told there are no jobs in the north, it would be good to move some of the head offices from London to large northen cities and then spread out the desirability of property

suzannecallmestan · 10/04/2015 15:49

Help to buy scheme is great

nope you are the idiot
the problem is that house prices are too high, help to buy does nothing to address the problem, rather it just makes it worse

I'm alright Jack, pull up the ladder

revealall · 10/04/2015 15:52

Totally agree with the people saying that this doesn't address the problem.

Landlords buy the cheapest properties for cash leaving homebuyers struggling to find property. The rents are ridicilious because renters have no choice.

I don't agree that the "bedroom tax" is causing problems because their isn't enough housing. I agree that there isn't enough for noew tennents.
People who can't afford the rent ( because they are under occupied) are allowed to swap through various schemes. They don't go back on the registrar. I know as more people who need bigger houses than people who are looking to downsize.

suzannecallmestan · 10/04/2015 15:54

If there were a grain shortage

Is there really a grain shortage though?
Or is it that some people are hoarding grain, they have far more grain than they need and the rest of us are hungry.

Given that grain is a basic human need (rather than a want) should we not find ways to regulate the market for grain rather than just leave market forces to solve the problem?
The invisible hand is not a benevolent agent

revealall · 10/04/2015 16:06

I also think that landlords are seeking maximum profit by building or renovating houses into flats that people just don't or can't live in for long. No gardens,parking spaces, one room ( too small) living etc.

People turning the grain into maximum profit crap white bread that doesn't suit most people.

suzannecallmestan · 10/04/2015 16:09

maximising profit is the raison d'être of business

markets need to be regulated so that businesses cannot maximise profits in ways which are harmful to society as a whole

noddyholder · 10/04/2015 16:24

The answer to everything that is overpriced is not correct it but BORROW

Viviennemary · 10/04/2015 16:35

It's a mad idea. It's aimed at young people living at home. If they can't afford to save for a deposit while living at home how will they afford rent and other bills. More money in landlords already overfull pockets. Silly schemes like this put me off voting for whoever suggested it. Can't even remember who did though I heard it earlier today on the news.

Kvetch15 · 10/04/2015 16:40

This reply has been deleted

Message withdrawn at poster's request.

suzannecallmestan · 10/04/2015 17:18

?As more and more of us rent so more and more voters are also renters, pressure on govt to regulate the rental sector can only increase