To think rent is so bloody unfair

[Tar19891]

My rent is 800 per month. A mortgage on the same value flat would be 450 per month. Not in London obviously. It’s not fair is it?

@ohmydayzz

A monthly mortgage payment would be wholly dependent on the amount of deposit and length of mortgage?

YABU.....

100% this.

Five years ago I couldn’t understand why my SIL and her family were still living in a the same small terraced house they had lived in for nearly 20 years. Then I found out their mortgage is £150 per month.

@EyespywithmylittleEYE3

www.rightmove.co.uk/properties/121696580?utm_campaign=property-details&utm_content=lettings&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_LET

Wow !

Very nice, I'm sure! But what's the relevance to the thread?

Nososafe

"Council downsizers have taken all the one bed flats"

Yes, so that a family can move into the 3 or 4 bedroom properties
That is the right thing to do

Notsosafe

"Life to go tits up"

Everyone's life has its ups & downs

Look at 2 years of covid as an example
Most people made it through to today

They do if they can quick you out and get new tenants in that will pay £200 more a month rent. Or you have a baby and they don’t allow children to live in a family house, only single professionals turning into a hmo, or if they want to kick a family out and turn it into a student house doubling their rent income, or if you complain about the bier being completely broken and having no boiler for 3 months with small children ? I could go on. All real reasons to have been kicked out through no fault evictions in the last 10 years (8 times! In 10years)

Excuse the typos!kick *boiler

And can we move away from the narrative that all renters are benefit claimants? Not that that matters. Two married professionals and a combined income of £35k and no hope of buying so…

You have been supremely unlucky @Ballcactus - I rented for 10 years and was never evicted once (chose to move a few times). Have been a landlord for 20 years now and have only once evicted a tenant for illegal subletting and (consequently) extensive damage to the property.

Yeah it’s true we have been unlucky but I also know other renters with the same unluckiness. You sound like a good one @Porcupineintherough

I have always (except for the one time) been lucky in my tenants. But yes it can be a virtuous circle - nice properties, reasonable price (S Yorkshire so market has never been crazy), easy to find tenants and they tend to stick around. One of mine is a studio flat so that sees a reasonable amount of turnover as tenants move jobs or couple up, other's a two bed that's had the same family in it for yonks.

@Double2Trouble22

Nososafe

"Council downsizers have taken all the one bed flats"

Yes, so that a family can move into the 3 or 4 bedroom properties
That is the right thing to do

People saying don't have children until can afford to buy but you're saying have children to get housing?

If all one and two bed homes get taken by downsizers, where do disabled unable to work or domestic violence victim singles and smaller families go?

Nothappyatwork Obviously not compulsory for lives to go tits up but I'm replying to people saying do right thing and everything will be ok which is rubbish and victim blaming of disabled, ill, domestic violence, women who have dad of kids walk out, and other bad things that happen to lots of us despite doing right thing.

@Nothappyatwork for many people it does go wrong though or they don't have a great start to start with people like you are blinkered , not all can get savings
Maybe live on the real world where its hard cor a good majority

@LardyDee I have a ha house kitchens are replaced roughy every 20 years and bathrooms every 30
Do you must be getting the wrong Kind of tenants of having to replace that often

@vivainsomnia yet not everyone has those ipppurtufnites , some kids are carers for parents

Some people have marriage breakdowns and are left with very little , others have an unexpected illness etc
Sometimes life is tough for people don't make out everyone can do it because I can its do judgemental

@EyespywithmylittleEYE3 some of them are 7 years
But there are two sides to this sometimes the accommodation offered can be many miles away from family and friends and not totally suitable
If your 70 and lived in a house and area for 40 years suddenly you are put in a block of flats 20 miles from where you live , thats not nice either
1 Tiny bedroom so no GC to stay and neighbours above you banging around all hrs

With a mortgage your gaining an asset… renting is dead money so even if the cost of a mortgage was more then renting it’s still more beneficial

[quote worriedatthistime]@EyespywithmylittleEYE3 some of them are 7 years
But there are two sides to this sometimes the accommodation offered can be many miles away from family and friends and not totally suitable
If your 70 and lived in a house and area for 40 years suddenly you are put in a block of flats 20 miles from where you live , thats not nice either
1 Tiny bedroom so no GC to stay and neighbours above you banging around all hrs[/quote]
But there aren’t really two sides.

Some people can’t earn enough to house themselves and so the state puts a heavily subsidised roof over their heads. It’s meant to be a minimum provision. Of course it’s nice to stay in a big house with spare rooms for visitors in an area you’ve known all your life. People work all their lives to afford that choice. But if you didn’t achieve that in your life then I’m not clear why it not being nice to move to a flat should be a consideration - a single person needs a one bedroom flat. Yes it’s hard to settle somewhere new. Yes it’s hard not to have spare rooms. But if that person didn’t accumulate the assets to make those choices then they don’t get them.

Money doesn’t buy you happiness but it does buy you choices.

@Annette32123 I totally agree!

@Blossomtoes

Repairs can easily cost that.

Only if you’ve bought a pretty shit property. Our house is 400 years old and Grade ll listed, we don’t and have never in over 20 years spent £4,200 on repairs in a year.

Roof repairs can easily run to several thousand in a year, plus normal maintenance needed for rentals because tenants don’t typically look after basics like gardening or painting fences or painting windows. Replacing boilers and white goods, carpets or lino, plumbing repairs, painting the property itself, maintaining brick paving. Tenants pay for none of this. No difficulty at all costing over £4K on a year.

@Blossomtoes

Repairs can easily cost that.

Only if you’ve bought a pretty shit property. Our house is 400 years old and Grade ll listed, we don’t and have never in over 20 years spent £4,200 on repairs in a year.

Also you chose to buy a grade II listed property. Like those before you, that means you probably are comfortable financially; so those before you probably maintained it well. That isn’t true of many properties particularly investment properties in poor areas.

@LardyDee

I have 800 per month available to spend on rent. A mortgage on the same value flat would be 450 per month but I’m not yet ready to buy/want to live here temporarily/need somewhere to live urgently. No properties exist that I can rent. It’s not fair is it?

Lack of rental supply and high rents are two sides of the same coin. High rents are not caused by landlords deciding to charge high rents. And they've got no (direct) correlation to what a mortgage would cost. Rents are driven up by lack of supply and high levels of demand from tenants. Those who would like to create a hostile regulatory and tax environment for landlords, be careful what you wish for! That is not compatible with low rents. What you actually want are excess landlords competing for tenants. You'll just have to hold your noses

Exactly my point.

If the Op wants the cost of private rents to reduce she should leave rental market. Civic duty and all that. Buy a house or a tent or move in with family or friends. But don’t fuel the market if it is so offensive to you!

And if you do rent, don’t rent a whole property. Letting a room in a house share is far more economical. And better for the environment.

Some people can’t earn enough to house themselves and so the state puts a heavily subsidised roof over their heads

It’s not subsidised. Social housing has to wash its face.

those before you probably maintained it well. That isn’t true of many properties particularly investment properties in poor areas

In which case the property would be relatively cheap. I know you want to have it both ways but logically you can’t.

@Blossomtoes

Some people can’t earn enough to house themselves and so the state puts a heavily subsidised roof over their heads

It’s not subsidised. Social housing has to wash its face.

those before you probably maintained it well. That isn’t true of many properties particularly investment properties in poor areas

In which case the property would be relatively cheap. I know you want to have it both ways but logically you can’t.

Social housing is subsidised.

I said maintenance can easily cost £4000+ per annum. You said it couldn’t. It can. That isn’t me having it both ways.

Social housing is subsidised

It’s not.

^If the tenant pays their own rent in full, as a tenant of a local
authority, they are paying the full rent charged by the local authority
for the occupation of the dwelling. Social housing rents are well below
market rents, but are not subsidised rents. The Housing Revenue Account (HRA), which is where all of the properties are accounted for if they are owned by a local authority, is what is known as 'ring fenced', which means all of the costs of providing the social housing need to be met from the rental income received from them. The housing fund cannot be subsidised from other areas of Council activity i.e.; Council Tax, planning fees, parking income etc. Under the same rules, the HRA cannot use its funds to subsidise the rest of the Council's services.^

From Cambridge City Council’s website.