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.

@paulmccartneysbagel also I’m very sorry about your childhood, I totally get it and had the same.

@ConsuelaHammock oh stop it!! Your comments are ignorant and foolish. The idea that everyone has the money to buy is WRONG and not reality. You replied to someone saying they couldn’t stay at home because it was miserable by saying that was a choice? Your comments are dumb & heartless as well as classist

Yes, I think you have a very good point.

I replied that sharing a room was not a reason to move out. I never suggested that the poster in question should stay in a ‘ miserable ‘ home. I don’t recall her mentioning it being abusive.
My comments are honest. You can disagree if you want but that won’t change the fact that we all end up where we are because of the choices we make along the way.

Wahine- if you’re nearly 50 then you won’t have paid for tuition and there were grants available for living costs if you were low income?

How can people chose their parents though or the environment they are born into? And you are saying that it has no impact?

Of course not everyone has the money to buy . I never suggested they did.
A couple earning £80k could. My comments were about them, not the general population. I didn’t realise I had to specify that my comments were about the op in a post written by the op.

So everyone renting has shit parents ? Seriously?

We have all been shafted, renters and homeowners. Don't let them divide us. The housing market has been propped up for

You can disagree if you want but that won’t change the fact that we all end up where we are because of the choices we make along the way.

The fact you think this, that this is your honest opinion, shows that absolute privileged life you have led. That you honestly think peoples choices are the only factor in how someone lives and how much money they have, is completely and utterly deluded, classist, racist, and totally wrong. On every level.

Answer these questions then:

1. did you grow up middle class?
2. did you receive any inheritance or parental support for your home?
3. did you go to an independent/private school?
4. did you marry someone who answers yes to any of the above?
5. do you work?
6. when did you buy your current home?
7. what age did you leave home? How long did you private rent after that?
8. are you or your partner disabled?

just to begin with

if you’re nearly 50 then you won’t have paid for tuition and there were grants available for living costs if you were low income?

I haven’t always lived here, we had to pay for uni in nz from the 90’s. Grants both in my home country and here are very little. You really have no clue

So everyone renting has shit parents ? Seriously?

the inability to continue paying for and housing your adult children doesn’t make you a shit parent. Some have shit parents. Some just have normal parents who aren’t wealthy.

A couple earning £80k could

No. you should go and do some reading. You seem completely ignorant to the conversations, studies and analysis of this issue that’s out there and has been for years.

Sorry, hit post by mistake!
... too long and it makes houses more expensive for everyone. Also it is easier renters to move than homeowners and they don't get caught by negative equity. The current interest rate rises will cause real economic problems as people can't pay their mortgages. But it's also true that we renters have been ignored. There will be a whole host of people retiring with rent still to pay. They will need support. Renting or buying too many people simply can't find/afford a decent place to live and that is a failure of government.

For those who will never own, your older years are so much more difficult. People just seem clueless. Like everyone can be wealthy! No!!

People who are renting have many options to better their circumstances or make sacrifices in order to achieve home ownership, if that is their goal.

I rented a room in a house share for 5 years in the prime of my 20s. Over 25k handed over to the landlord. But doing this instead of renting a whole flat for myself was cheaper and allowed me to save. I also found a good career opportunity and completed professional qualifications as part of the role which increased my salary and what I was able to get elsewhere when I left after 4 years.

I then purchased my first house solo, after a total of 6 years of saving for the 10% deposit and fees etc with no family help or assistance. I wasnta higher rate tax payer at this time but quite close. I got about 2k from a H2B ISA which covered the solicitor fees. The house is modest and was under the threshold for first time buyer stamp duty at the time.

There are 2 up, 2 downs and 2 bed flats in my city for 150-180k. A couple in minimum wage roles could buy these if they take a couple of years to save the 10% deposit by renting cheap (house shares or 1 bed flat) and not going on holidays or driving new cars on pcp

YANBU OP. I haven't thought about it in this way as we have a mortgage now. I'm glad you've brought this up as it's true - we rented for many years and had our children in rented too, until family lent us money to get a deposit.

We once had a new agent come round to do an inspection, she said 'ooooh this is nicer than I thought it was' and promptly put our rent up by £200 a month. We complained, said that was too steep in one go, said we had two young children etc etc and she said 'that's the market rent, you can either pay it or move'. We stayed and struggled to pay - in fact, that was the catalyst that led to my inlaws taking a loan for us and 'gifting' us the money so we could get a deposit to buy a house - which I appreciate we are very lucky they did that for us.

The rental market has thrown massive increases at people for years. Those with mortgages are facing the same now, which is awful. But you're right, it's been that way for so many people for a long time. Basically, it's shit for everyone.

Although I suppose there are more options for mortgages for SOME people - increase the term, for example. I am not sure, but I think you can speak with your bank and work with them if you can't afford to pay etc before you are respossessed (I may be corrected here).

If you rent, it's pay up of shift off.

So everyone renting has shit parents ?

That's what you took from my post?

2003

Well in that case I'm not sure why you think you have anything to add to the conversation?

My parents bought their family house in the 80s in a not great part of London. They were economic immigrants & my mother didn't work. Those houses now sell for more than 1.5m so no point me telling people to "work harder" is there

The people I know renting will not be able to buy. Even if houses half the price. Are you sure you would be able to buy? By the time deposits are saved houses would be out of reach again. People renting can move people to another place by giving notice. Those with mortgages are stuck so may be that is why people are empathetic?

My daughter has learning difficulties. Her husband left her with a baby. She will only ever be able to get MW jobs. We live in the south east. She will NEVER be able to buy a house.

That's why I rent mine out so she can have it one day (maybe if not taken up with care home fees ).

I’m not telling anyone to work harder. Working harder won’t buy a house . Making good decisions might!

I'm on the housing ladder because like most of my friends I got a gift, a 6 figure one. I'm aware that is nothing to do with choices I made...

Wahine -

1. How much do you and your husband earn?
2. How many children do you have?
3. How old are they ?
4. Do you consider yourself well travelled ?
5. Have you ever spent more than your annual salary on a car ?
6. Do you live in London ?