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.

No, I do. We used to rent in outer London, had a 45-minute, cheap commute.

Saved for five years to buy but had to move further out as couldn't afford to buy there. Obviously travel time increased as did the costs. Moved even further out to even cheaper area to get a (slightly) bigger house. Time/cost became unsustainable so got a more local job.

People can make things work if they want to, they just have to make sacrifices. As a PP says, you can't have everything.

Yes, it does take years and years to save for a deposit.That doesn't make it unattainable. People can't expect to get everything straight away.

Agree that it is mainly about choices. People who aren't happy with their situation always have to blame anyone but themselves. It's much more convenient.
They are the poor victims...of their own decisions. That attitude of 'poor me' 'I can't' doesn't help anyone.
When we first saved a deposit we made so many sacrifices, had no family help. It felt impossible but we got there in the end.

you said about people having two cars and cost of living.
you also said:

We chose to work places we could get to by public transport so we get by with one car.

and about your son staying with you until he can buy.

Fortunate that we're in an okay location in terms of job prospects/communtability though house-shares are obviously a cheaper option than renting individually/in a couple.

and about suggesting renters move:

Yes, and that's what people will be doing. But to be fair, it is cheaper (and there are fewer logistics involved) to move to a cheaper rental than to go through the process of selling and buying somewhere cheaper.

so people will need cars for that commute. Again, you’ve been lucky to get a house and job only needing one car. For most, they aren’t that lucky. Or life changes, E.g redundancy. 2 kids in 2 schools due to catchment. It’s not people eating all the avocados, it’s just average people trying to get by.

When house prices increase at the rate they have you stand zero chance of catching that up on deposit or in wages to obtain the loan

When was it that you had this cheap commute? Because train prices have gone up massively in recent years.

We were looking to move a couple years ago. I found that whenever I got far enough from the city that rents were significantly cheaper, the commute costs were £400-500/month (each) so we would not be better off, and we'd be living someplace where it would be much more difficult to get by without a car.

we’d have to move 2 hours plus for cheaper housing. Dh is self employed so that’s 10 people redundant or he’s doing a 2 hour commute with the costs involved in that.

Yes, it does take years and years to save for a deposit.That doesn't make it unattainable. People can't expect to get everything straight away.

If it takes 30 years until people are in their 50’s then that’s a big fucking problem. And many can’t save at all after rent. Moving over and over means zero stability and huge expense. You’re keeping people in the class you’re comfortable with them being in and keeping property in the hands of the privileged. Nobody should want this.

I'm not sure on the point you're making? You don't necessarily need two cars for a 'commute'. It would likely make things easier; it would for us, but we can't really afford it so we make do with public transport...

And no, it's not 'luck'... It's choices and decisions and making the best of things. We chose to live somewhere we can manage with one car.

not everywhere has decent public transport. I’ve never had a job I didn’t need a car for. But I’m not London.

People can't expect to get everything straight away.

lol

We were looking to move a couple years ago. I found that whenever I got far enough from the city that rents were significantly cheaper, the commute costs were £400-500/month (each) so we would not be better off, and we'd be living someplace where it would be much more difficult to get by without a car.

yep we looked at moving further out & despite the fact DH was hybrid the rail fares meant it was easier to stay in London.

Admittedly it was nearly 10 years ago, but having checked the travelcard prices, what was £100 is now £200 a month so still a lot cheaper than where we are now! So yes, I know all about train price increases.... Which is why I had to abandon my job in London for a more local one!

Without family help we would have been priced out based on our salaries vs prices. Did we work harder or make better choices then people who didn't have help?

Of course a big chunk is luck
you’ve been lucky your plannings paid off
you were lucky not to be made redundant after moving and had to get a job at a different place.
youve been lucky the bus route didn’t get cancelled
lucky you weren’t hit by divorce, illness or death during your climbing the property ladder.

We chose to live somewhere we can manage with one car.
No, you are able to. Many won’t have the options. Not all choices are available equally to everyone, you’re being extremely self absorbed and out of touch in thinking that way.

we had no car for 20 years with children, in London. Very different if you lived rurally. But, we still couldn’t save for a house deposit even saving with no car. Public transport wasn’t cheap and we travelled between boroughs for school ( not by choice ). Some people really live in a bubble.

Similar in that it was the 2008 crash that got us plus my accident in 2011 that forced us to sell. Wiped out all the equity we had built up as had to sell for less than we had paid for the house even though had totally renovated it from replacing dodgy old wiring, new double glazed windows and doors, to a new roof and so on. So literally back to zero but with me disabled and unable to work and 4 DC still to finish raising.

You’ve been lucky not to have had a terrible life changing accident which made you permanently disabled and unable to work.

Yes, and that is the decision you made. We both used to work in London and we made the opposite decision to move further away but get more local jobs.

Think the train prices are a big problem to be honest. My DH has been looking to get a higher salary job back in London, but even with a £10k payrise, he'd not even be able to afford to go in twice a week.

Sorry that was to @Borninthe80s01

No, I'm just saying that for people who go on about cheap houses in the 1980s - life wasn't all rosy and I bet they wouldn't swap places with people then!

My parents house cost about 40k in the 80s & they sell for 1.6m plus now. Most families on the street had only 1 working parent. I would swap 🤷🏻‍♀️

@Discovereads I’m really sorry about your accident, my comment comes directly under yours and looks insensitive, I should have @ the person. My apologies.

Yes, and that is the decision you made. We both used to work in London and we made the opposite decision to move further away but get more local jobs.

My point was it wasn't any cheaper & local jobs don't pay the same salaries for our roles.

Yes, and that is the decision you made. We both used to work in London and we made the opposite decision to move further away but get more local jobs.

What don’t you understand? Not everyone can get a job wherever the fuck they like. People live where they do often for work.

Plus DH & I are both Londoners & 2nd gen immigrants so didn't really want to leave everything we knew & all family. You hear about locals priced out of Cornwall etc but no one thinks about Londoners.