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Original poster

To think that renters have put up with big monthly rises for years

423 replies

Upthebracket22 · 14/10/2022 07:44

We rent because we have been priced out of the housing market for years & years. We have raised our kids in a rented house & put up with large rises in monthly payments. We’ve been ‘lucky’ in that we’ve been on our current house for 10 years.

Noone has given a flying fuck about renters & the amount we pay & have had to find extra each year but now it’s mortgages going up, it’s all ‘poor mortgage holders’ - it’s really grating on me.

As it goes, the coming housing downturn will mean we actually might be able to buy a house. Safe secure affordable housing is a good thing.

the current housing boom has been created by cheap money and that era is ending. An entire generation of people have been priced out of a safe home & while I don’t want to people in difficulty, renters have had to put up with it for years ‘move to a cheaper area’ being the main nonsense.

We are a normal family with good jobs but saving for a deposit has been impossible because of insanely high rents.

i am tired of the ‘poor mortgage holder’ rhetoric when those of us trapped in rented homes have put up with large monthly hikes for years.

i know this won’t be a popular view on here but for us renters, the last decade had been difficult and no one has given a shit.

OP posts:
Discovereads · 14/10/2022 15:31

@vivainsomnia
But this scenario doesn't represent the majority of people who are not able to buy. As already said, the most common cause is having children first.

Source please.

akabluebell · 14/10/2022 15:32

Stellaris22 · 14/10/2022 15:14

You do what you want to do, then you live with those decisions. Many women choose to terminate a pregnancy for fiscal reasons, amongst others.

That is incredibly harsh and very cold. Terminating a pregnancy because you aren't fortunate enough to afford the ridiculous housing prices is horrible.

To be honest @Stellaris22 your comment absolutely disgusts me. To come on to a women's forum and say that terminating a pregnancy "is horrible" is judging women who may HAVE to terminate because of their personal circumstances. You have no right to judge other women and you really need to apologise.

toulet · 14/10/2022 15:33

As already said, the most common cause is having children first.

How come people had dc at a younger age & more of them in the past but home ownership was higher?

Damnautocorrect · 14/10/2022 15:33

1/3 rent
1/3 own outright
1/3 are mortgaged.

im not down playing an interest rate hike and how that affects individuals. It’s clearly catastrophic for some.
the numbers affected are smaller than perhaps assumed.

Stellaris22 · 14/10/2022 15:34

@akabluebell I didn't say terminating a pregnancy is horrible. I said being forced to because the housing situation forces you to is horrible.

toulet · 14/10/2022 15:35

To come on to a women's forum and say that terminating a pregnancy "is horrible"

She never said that though...

akabluebell · 14/10/2022 15:36

Stellaris22 · 14/10/2022 15:34

@akabluebell I didn't say terminating a pregnancy is horrible. I said being forced to because the housing situation forces you to is horrible.

OK, I'll accept your wording was clumsy.

lannistunut · 14/10/2022 15:36

I cared and care about renters. I think renters should care about mortgage owners. We should all want this economic fiasco sorted out.

roughtyping · 14/10/2022 15:37

Totally agree, excellent points. We had to move this year, not through choice. £250 more for a smaller house. It is lovely but I really wish we could buy.

akabluebell · 14/10/2022 15:39

How can we effect change?

toulet · 14/10/2022 15:42

Also people talking about buying before dc ignore the fact that many people do this but then get stuck on the ladder once they have dc, because in a economic climate of low wage growth, ever increasing prices & high childcare costs children in general impact affordability.

Logically with prices & stamp duty as they are it makes more sense if you want dc to skip stages & future proof as much as possible.

Discovereads · 14/10/2022 15:42

lannistunut · 14/10/2022 15:36

I cared and care about renters. I think renters should care about mortgage owners. We should all want this economic fiasco sorted out.

I care about those with mortgages too. I think the OPs complaint, and it is a fair one, is that homeowners with mortgages get more favourable media coverage than do renters. And potentially, will get more favourable treatment by the government…..

girlmeetsboy · 14/10/2022 15:54

No point here really other than to say I am now a renter, I used to have a 5 bedroom house, before that a 3 bed and a rental which was consolidated to buy the bigger house. Then covid happened and we lost our business, house, everything so now we rent and I am scared of the increases and very bitter of what has happened to us.

MissSouri · 14/10/2022 15:57

👏 yes OP! I could have written your post, agree 100%

Thedungeondragon · 14/10/2022 15:58

You aren't wrong OP. I have friends on average wages for the area we live who just can't afford to rent, and the cost just keeps going up. I'm not sure how average people are supposed to afford to live. Buying a house is so far out of reach it is ridiculous.

Oysterbabe · 14/10/2022 16:01

I'm a landlord and haven't put the rent up in 5 years. I'm going to have to when I remortgage though because it's going to be so much higher than it was.

Discovereads · 14/10/2022 16:02

girlmeetsboy · 14/10/2022 15:54

No point here really other than to say I am now a renter, I used to have a 5 bedroom house, before that a 3 bed and a rental which was consolidated to buy the bigger house. Then covid happened and we lost our business, house, everything so now we rent and I am scared of the increases and very bitter of what has happened to us.

💐 sorry you fell off the ladder. We did too and also it is a bitter pill especially the judgement from others who are smug and can’t admit bad luck exists.

MooseAndSquirrelLoveFlannel · 14/10/2022 16:06

Mortgages are being talked about because they are directly linked to inflation and the BoE interest rates.

Prior to this shit show the only time they were mentioned was to state how ridiculous the house prices are, and I've often seen these articles say a mortgage would be xxx amount and renters xxxx amount.

I think you're just enjoying seeing mortgage holders get their arses handed to them for being able to do what you couldnt.

I work in social housing so I know that its not all rosy for renters, and I was a private renter myself for many years and had a shitty landlord! But this still doesnt make me worry about what is happening to people now.

Some people have mortgages about to end and are facing increases of £800+ a month. I guarantee no rent ever increases that much in one go.

I havent heard anyone on this thread disagree that rental prices are high, and LL can be shitty. But I have heard real vitriol directed at home owners and they'll be "begging for help" from the govt in a really nasty and patronising tone.

girlmeetsboy · 14/10/2022 16:12

Discovereads · 14/10/2022 16:02

💐 sorry you fell off the ladder. We did too and also it is a bitter pill especially the judgement from others who are smug and can’t admit bad luck exists.

Show quote history

Its so hard isnt it to not look back? Were you circumstances similar? I have no idea how we will survive in retirement :-(

vivainsomnia · 14/10/2022 16:12

That is incredibly harsh and very cold
No it isn't, it's the fact if life. We have options, we take those that fits with what we think it's best for us. It doesn't in any way take away the fact that every choice has consequences.

Is having a roof over your head part of having everything though?
That is very different to owning a house with enough bedrooms for children and a garden. Owning a nice house, large enough to accommodate everyone, close to a nice school, not too far from our jobs is close to having everything (notwithstanding love and health mainly). Having shelter is what everyone deserves.

toulet · 14/10/2022 16:15

Some people have mortgages about to end and are facing increases of £800+ a month.

This has confused my though. I fixed but if my mortgage increased by £800 I could still afford it although it would mean cutting out all treats.

Ever since 08 haven't all mortgages been stress tested? Now obviously circumstances change eg having to pay childcare & stress testing didn't include increases in energy bills & food. But I read that average mortgage costs are still below average rental costs. My mortgage would cost about an extra £600 now, like I said I could afford it but it's galling to think I could be paying an extra 7k a yr in interest alone. Surely some people are like me & just resent paying more interest?

vivainsomnia · 14/10/2022 16:16

Younger people need to buy into society but we are telling them that you shouldn't have dc, pick a well paid job, save, save, save but all the tax you are paying won't mean you will be able to afford a house, your pension age won't increase or that a free at the point of care NHS will exist in 30 years
But that's not true. Most young people who do just that do manage to buy their first property. The market is still flamboyant. Pension age will increase just as it has for us. As for the NHS, who knows but then too many gave been taking it for granted.

MooseAndSquirrelLoveFlannel · 14/10/2022 16:24

This has confused my though. I fixed but if my mortgage increased by £800 I could still afford it although it would mean cutting out all treats

Good for you...........not everyone will be able to afford this though and that is the point. Rents just dont increase by almost a grand from one month to the next.

I'm sorry you are uneducated enough to be "confused" as to why some families might be worrying.

vivainsomnia · 14/10/2022 16:26

How come people had dc at a younger age & more of them in the past but home ownership was higher?
Many reasons. The standard of living was much lower for a start. No two cars per household, takeaways, holidays, kids didn't have many activities, toys etc.... People lived on much less, but yes, getting in the ladder was without a doubt easier.

We are where are though. It is harder but not impossible. We just need to prioritise differently, put more safety nets in place.

Rents are disproportionally high and that's why I refused to up mine but that means no profit at all for me and yet all the risks. My tenants are nice, good people, paying on time, but I don't have such attachment that I'd be happy to make a loss for their benefit. It's not the landlords fault the world is the way it is.

toulet · 14/10/2022 16:26

But that's not true. Most young people who do just that do manage to buy their first property.

What are you classing as young? And are you talking about people buying without family help? Are you saying home ownership hasn't decreased for those under 35? Or that age of mothers hasn't increased?

As for the NHS, who knows but then too many gave been taking it for granted.

But taking it for granted isn't specific to one generation is it?

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