Increase in Homelessness

[Alex50]

This isn’t going to end well, AIBU the government should still block evictions for non rent payments

www.bbc.co.uk/news/uk-politics-53797657

@Staringpoodleplottingrottie

I cannot summon an ounce of sympathy for people who already own going into negative equity. I’m in the process of buying a property myself and I still want to see a crash! Once I own, I’m sorted, I’m in a better position than many people and my home is secure. I want a crash to help everyone else

A crash won’t enable more people to buy. It will create stricter lending criteria especially for first time buyers.

The banks need to hold assets against the loans. If the value of the loans exceeds the value of the assets then they can’t lend. Those assets are the homes.

This is what leaves the market wide open for investors with capital. They can buy cheap and rent it out. Basically a repeat of 2007.

"Ican’t with the stupidity of this statement. This is like saying “but I have to work to afford food! Why should people who don’t/can’t work also get to eat?”"

Not at all. Its saying people work hard get to eate better food. It's not a god given right to own your own home or have a mortgage, you have to work at it. People who dont or cant work for it, get housed in cheaper housing. This is why the bedroom tax came in. There was a lady living in my street in a bigger nicer house than my mortgaged house. She was on benefits and just her and her daughter living in that house. I was working full time, whilst she was not. Now, its fairer, she is in a smaller two bed house.

"Honestly, I disagree. I think a working house hold should be able to own their own home. Not be paying the mortgage on a landlords 2nd or 3rd."

Why should they be able to? Home ownership is the brain child of Margaret Thatcher when she started selling off council houses. Before that swathes of families were happy to rent. Home ownership isn't for everyone. When those people bought their council homes, that left less council homes for everyone else, and they had an unfair advantage over others getting onto the housing ladder.

19:35Butterer

"I thought the bedroom tax was only for social housing tenants, not private renters. Have I got that wrong?"
She was on benefits, she only worked one day a week. She didnt want to work any more hours, so she was housed in a lovely big detached private house.

Is it because previously rents were more affordable and/or more secure?

Once I own, I’m sorted, I’m in a better position than many people and my home is secure. I want a crash to help everyone else Please don't!

Having lived through a coupke of housing crashes I wouldn't wish it on my worst enemy. That and you don't understand the ramifications, it isn't as simple as houses become cheaper. A housing crash decimates everything. Even if you forget the individuals who lose their homes, their credit rating, their everything.. As banks stop lending, interest rates rise and all sorts of financial adjustments are made.

It isn't a good thing to live through and basically I want to meet anyone who hopes as you do and slap them about the head with numerous wet kippers until something like understanding sinks in along with the Omega 3!

@TeamWTF

Is it because previously rents were more affordable and/or more secure?

There are lots of problems with the UKs housing market. The points being raised here relate to a combination of issues. Following the financial crisis in 2007, banks were made to tighten their lending. At the same time interest rates plummeted and financial markets were volatile.

People with capital and savings needed to find opportunities for investment. They bought houses cheaply and rented them out. They either got high rent yields or a big capital appreciation. Because of tax relief and low interest rates returns were good.

But the government and BoE intervened. They removed tax relief, added CGT, increased SD and tightened lending for this market. It really shouldn’t be a good investment anymore. But then not much is these days apart from gold.

"Honestly, I disagree. I think a working house hold should be able to own their own home. Not be paying the mortgage on a landlords 2nd or 3rd."

Why should they be able to?

Ok @Orchidsindoors. I felt like we were having a reasonable debate, but actually this is wearing a bit thin now. You clearly own your own home maybe more than one so you obviously see the benefit in it.

So why the ‘but there’s nothing wrong with renting! Our grandparents were happy with renting! You should be happy with renting!’ Attitude? Why weren’t YOU happy with renting?

I also can’t buy this at financial crash helps no one’ - my mum would a house during the financial crisis. 2 years later (Coming our of the crisis) she sold it for 50k more. She done nothing to it. She bought a bigger house. She benefited from a housing crisis, a normal, working (not high wage) woman.

Sorry so many typos, let me re-write.

I also can’t buy into this ‘financial crash helps no one’ stuff - my mum bought a house during the financial crisis. 2 years later (Coming out of the crisis) she sold it for 50k more. She done nothing to it. She bought a bigger house. She benefited from a housing crisis, a normal, working (not high wage) woman.

Possibly but it seems to disproportionately help the people with the disposable assets to buy ie BtL rather than live in home owners. I can’t see any way forward without social housing stock. Maybe with the building plans due to Covid there might be some. There will be a growing divide between people who can inherit and people that can’t.

speyejoe2.wordpress.com/2020/08/17/social-tenants-at-greater-homeless-risk-than-private-tenants-when-eviction-ban-ends/

@Eatyourbanana

Sorry so many typos, let me re-write.

I also can’t buy into this ‘financial crash helps no one’ stuff - my mum bought a house during the financial crisis. 2 years later (Coming out of the crisis) she sold it for 50k more. She done nothing to it. She bought a bigger house. She benefited from a housing crisis, a normal, working (not high wage) woman.

People will make money out of any situation but overall people won’t.

Your mother didn’t benefit from a crash. She benefited from a resurgence that continued and bizarrely is still ongoing. And chances are she had to pay more for her next property.

A falling market attracts people with capital. Usually investors. A crash limits lending which cuts out first time buyers. For a long time causing generation rent.

Channel 4 news did some pieces on care workers living in cramped shared dwellings and having to share kitchens with several other families.

Channel 4 news did a huge segment on care workers. And how they are under paid , under valued, classed as low skilled and why they cant socially distance due to the appalling places some of them live in.

Bookmark
Add message | Report | Message posterHeIenaDove Thu 14-May-20 19:14:10
A care worker interviewed lives in one room with her son and they share bathroom and kitchen facilities with ten other families
Hardly an ideal living situation to cook healthy meals

A care worker was ill with Covid for 28 days and was brought a hot meal every day by Hare Krishna She has to walk an hour to get to work and same to get home because she cant afford public transport

www.channel4.com/news/charities-demand-care-home-workers-are-paid-a-living-wage

www.channel4.com/news/charities-demand-care-home-workers-are-paid-a-living-wage

Then on another date they interviewed another zero hours care worker in poor housing.
www.channel4.com/news/nearly-a-third-of-people-have-suffered-health-problems-during-lockdown-because-of-poor-housing

Doesnt it just warm the cockles of your heart to see that this pandemic has become such a leveller...............oh wait it HAS when it involves telling poorer people to make face masks out of old socks so they can feel we are all in it together and not risk infecting their betters with Covid

No, it’s revolting. You and Yours had a programme looking at both sides of the tenant/LL debate around evictions. There were LL who were suffering as anti social tenants had their evictions put on hold and tenants in hard straits too.

Then compare them to those who dont bother and are happy to do lower paid work until they realise they cant afford to buy a house or even rent a nice house. Why should they get options to get accommodation and a step up to buy a house, when the people who have worked hard, havent

WOW just WOW Translated this post basically says "Get back in your box key workers. Disgusting. I KNEW this attitude would rear its ugly head again once we were past the peak of the pandemic.

People will make money out of any situation but overall people won’t.

Your mother didn’t benefit from a crash. She benefited from a resurgence that continued and bizarrely is still ongoing. And chances are she had to pay more for her next property.

A falling market attracts people with capital. Usually investors. A crash limits lending which cuts out first time buyers. For a long time causing generation rent.

But she did benefit from a crash... because the first property she brought, the one that made her 50k... she couldn’t afford now if she was in the same financial position.

She brought the property for 160k, sold for 210k the same property is now on the market for 260k, she would never of got a mortgage on it, she wouldn’t of had a high enough deposit. So she got on the property ladder when the prices were low, when their was a crash. (What people are hoping for now.) Even if she hadn’t of sold & up-sized she would still be a home owner.

If she was buying now with the same budget she would be able to buy nothing 0.

Landlords should have the right to evict but if the government can afford to house asylum seekers in hotels then there's no need for rough sleeping.

@helenadove I have a feeling she won’t be back.

BLM protests

A level results protests.

Youd better hope tenants havent been inspired by these events.

The problem with generalisations is that they are just that. I don’t buy the ‘work hard’ to succeed mentality as few people work harder than a MW worker with 3 zero hour contract jobs with few if any perks. Equally, it can be annoying to see someone who doesn’t want to work and is happy on the social having the same/better house than someone who is struggling to buy their own. Not sure what the ratio of the 2 generalised groups is though. It will reach a point soon that the human ‘service industry’ won’t be able to afford to live in travelling distance of those they serve. Maybe then there will be social housing change?

Not so sure it would be so bad if they did. Good, non exploitative LL would have nothing to fear and rent control worked ok (I think!) in the US*
*but pretty much basing this on sitcoms so 🤦🏽‍♀️