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

[Upthebracket22]

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.

@MooseAndSquirrelLoveFlannel you misunderstood my post. Of course there are some that cannot afford the increases due to change in circumstances but put those to one side & think of people like me who can afford the hikes but resent them. Surely I'm not alone?

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.

Where does the narrative come from & what time are you comparing to? Younger people today after housing costs have less disposable income then previous generations. They aren't just spending it all on avocados.

The mortgage rises will affect renters even more than homeowners I think, in lots of cases.

Rents just dont increase by almost a grand from one month to the next.

Mortgages don't either generally as the majority are on a fix so that's a little disingenuous.

@MooseAndSquirrelLoveFlannel ”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”

Thats not true. In fact a lot of what you said isn’t true. My comment was directed at all the nonsense on here about people not having kids while renting and this idea that you have to do things in ‘order’ when real life isn’t like that.

i don’t want my taxes paying for a mortgage bail out either as why should that happen? Renters don’t get bailed out do they for their apparent mistakes.

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?
Yes, young as in under 35yo with or without family help.

Younger people today after housing costs have less disposable income then previous generations individually maybe because most mums didn't work FT. When 2 parents work, once they can claim the 30h for all, I don't believe they are worse off as a couple.

I don't either, I'd rather have all my earnings going to myself and on social care, but people could equally say (and do) "I dont want my taxes paying for people to stay at home having babies" or "I dont want my taxes paying for UC housing element. Why should I pay for other people's homes"

But saying that would make mean huge thundercunt as without that help from the taxes/govt many people would end up homeless. A bit like what will happen now with potential repossessions.

It's hell for renters, I have to be in London for my job but rent is extortionate, landlords are increasing their prices but prospective tenants are bidding crazy amounts. This was posted in a Facebook group today?! It's ludicrous for a room!

75% of our income goes on rent

Do you have to be in London though or do you not want to commute? Because that's more expensive than our new mortgage on a 5 bed detached house less than an hour from London on a direct train.

@vivainsomnia do you have any stats to back up your assumptions?

@MooseAndSquirrelLoveFlannel but a lot of renters are already ending up homeless. I remember the 90’s crash when people were hanging in their keys as my parents mortgage went up to 18% overnight- I was in school - they still talk about it as they nearly lost their house. Lots of people did lose their homes but there was certainly no government bailout.

anyway, Truss PLC is bankrupt anyway & h they can’t afford to bail out mortgages. They have enough tissues already & borrowing costs are already super high. They have fucked it- no more money printing as it will fuel inflation.

I don’t want to see people out on the streets- anybody at all- buy taxpayers cannot bail out people who should have stress tested their mortgage.

@girlmom21 is that a door to door journey or just the train time?

*isssues not tissues 😂

I personally don't see a raft of repossessions banks will extend the terms, move to interest only, part & part etc

Train journey.
Station is a 10 minute walk

2 working adults probably need 2 cars for their commute.

granted people eat more takeaways now, but proportionately they are (or were up until a few months ago) cheap compared to the Chinese takeaway once a year that we had when I grew up.

holidays, I’d be interested to see stats on that one. Again up until recently the easyJet cheap flight has fuelled holidays being cheap compared to the camping holiday of my childhood.

@girlmom21 both ends?

I flew all around Europe in the late 90s/00s as a student. The flights were ridiculous cheap!

Well that would depend where you were going but it's a main London station

Our landlords mortgage is interest only and £150 a month. Our rent is £1250.

@Upthebracket22 How do you know what your LL's mortgage payments are?

G@Butchyrestingface because he told us

I'm not surprised that's a bitter pill to swallow!

Does he have other properties?

@Butchyrestingface yes he has one more.

To be honest, I like our landlord. He’s done fuck all on the house in a decade but he has left us alone. He just puts the rent up every year 🙄 But he’s made it clear we can stay and it’s given us family stability which I appreciate.

My general point on this thread wasn’t landlord bashing (Altho some of the comments are 🙄) but to try and show how fucked up it all is and that it needs systemic change

75% of our income goes on rent
Including UC and other benefit if applicable? Because if that's the case, something is very wrong. Are you both working FT? On the basis of 2 average FT salaries, that's 3000 income, that's £2250 rent with no help at all?