To hate homes under the hammer

[Cappuccinowithonesugarplease]

I know most young families can't afford to buy houses outright, but I see all these more affordable homes go to greedy landlords just in it for the profit. Eugh it makes me sick! Would be so refreshing to see some of these homes go to people who won't just tosh them up cheaply to sell again or rent them out

Totally, I get annoyed with landlords with portfolios, using mortgages to prop up their business. The only landlords I actually know own their properties outright, and haven't done massive rent hikes to cover a mortgage

I didn’t include social housing. Just the private ones like we see on homes under the hammer.

https://assets.ctfassets.net/6sxvmndnpn0s/45LMdOAGpYIJjxc6Wssu2Z/7a0342739b7025a99051f2f9436aef89/Universal_Credit_Alert_March_2022.pdf

it does include the universal credit element.

as I say. Most renters aren’t claiming housing benefit. It’s the disparity between wages and housing cost that’s the issue. Wether that’s saving for deposit, or just the loan to wage value.

My points were that you didn't include UC claims either, and that actually there are more private renters in England than social renters. 19% of English households rent privately, 16% social, and I'd assume this would be replicated in RoUK.

Not sure why the grapic didn't render, but here's the source -

https://www.statista.com/statistics/544709/tenants-among-population-uk/

So you're disputing the fact that the majority of renters are on some form of benefit?

According to Govt figures for England for 22/23, owner occupation remained the largest tenure group in England (65% of households), with the social rented sector being the smallest (16%) and the private rented sector remaining a similar proportion (19%) since 2013-14. Just under 60% of all social tenants were in receipt of housing support, and 24% of private renters were. That doesn't take in to account those who are on some other form of benefit, which is 53% of all UK households.

https://www.gov.uk/government/collections/english-housing-survey-2022-to-2023-headline-report#figures

Yes I’m disputing private (not social) rentals are in receipt of housing benefit or the universal credit element for housing

the reason private renters can’t buy houses isn’t because the majority are on benefits. It’s because the sums don’t add up of house prices and wages.

your figures are saying the same thing I am.

53% of households on any benefit includes childbenefit, pension credits, DLA.
child benefit recipients can earn above the average wage and still be in receipt.
pension credits - if your on a pension your unlikely to be able to qualify for a mortgage
disability benefit, plenty of people work and rent privately, they are eligible for this to support them in work and with the extra costs for their disability. again that’s not the reason they can’t buy a house.

The reason I’m only talking about private renting and landlords is because this is a homes under the hammer thread where private landlords buy houses at auctions.

Well if there was social housing available then the family could live in one of those. In the meantime where do you expect the family to live? And should they be denied HB because it's a private rental that is thankfully available to give that family a house?

Yes, we own one rental property outright. It's managed properly by a responsible agent and our tenants stay for some years. We've only put the rent up once since we bought it in 2011. Our current (happy) tenant is very elderly and has been there for four years. We don't make much money, possibly not as much as if the money was in a long term savings account or bond, and certainly don't feel that we are depriving a family of a home as it is a small one bedroomed flat.

This is exactly why I hate the show so much 😢

Figures for England (UK figures not available, but assume similar proportions)

As of 2023, according to Shelter, about 1/3 private renters were in receipt of housing benefit. That's approx 1.6m households, so they would be unable to buy.

Taking the remaining 2/3 (approx 3m), approx .5m of them are students, so transient renters who would be unlikely to buy just for a couple of years.

Of the remaining 2.5m, just under 1m are pensioners so probably wouldn't buy.

So we're left with approx 1.5m, some of whom will be on low wages or will move around for work - many of these will also be foreign nationals who wouldn't consider buying here.

Even at a generous estimate, that leaves around 1m who might want to buy - how many of them do you reckon would be desperate for that run down terrace in Rochdale?

HUTH is not the problem.