To think this is a ticking time bomb (people priced out of housing)

[Batmanisreal]

It’s becoming clear that there is a problem with people not being able to afford housing like they used to be able to. This has been made worse by the introduction of right to buy by Thatcher in the 80s which reduced the numbers of council houses. The price of housing is going up and up, so more people are having to rent on the private market.

So what happens to these people who are privately renting homes, when they get to retirement age? If they can’t afford their rent?

I was lucky enough to be able to buy my house. I have young children who, by the time they get to the age I was when I bought my house, will probably not be able to afford to buy like I was. There’s a very big chance they will have to rent, possibly for the rest of their lives.

People who rent on the private market are at the mercy of whatever rents the landlords want to charge for those properties. And with more properties being rent out as short-term lets this is only going to make the situation worse.

I worry that we are heading for a situation where elderly people will end up on the streets, because there won’t be enough affordable or social housing to supply them with housing if they become homeless in the event of them not being able to afford their private rent anymore.

As a parent, I just find the whole situation so depressing.

Well it’s sad but people in these sorts of situations are going to have to face the flat share market then aren’t they? They don’t have any other option.

I don't know under 35s living in house shares.

People can be no contacts with parents and not ever been in care.
My brother was NC with our father. He was never in care. He went NC in his early 20s.

Yes I'm sure care leavers are in good relationships with their parents.

Well yeah. Of course they are. It wasn't a general comment, it was a response to a specific post about having parents to live with.

Yes, and you can have a poor relationship with your parents despite never being in care.

I never knew that! 43 years in Education and Social Work as a couple and not one of us know that people have bad parents.

Exactly. And there is vast expanse of grey between NC and living together. No to mention parents finances and living situations can change!

Just because you don't know anyone does not mean they don't exist, like you claim not to have ever known any 35 year olds that house share.

I knew a couple who emigrated as soon as their last kid left home. Daytime TV has programs about empty nesters wanting to leave the UK all the time.

Also, a couple in social housing is called selfish for not downsizing as soon as their kids leave home, but also called selfish for not staying put and allowing their adult children to move back in.

I am just repeating what you have said.

Then you must be too.

You don't know any under 35s living in house shares? Are you kidding? Or do you just not know any under 35s? According to AI it's 55-60% of them...(I wouldn't want to vouch for the exact validity of these figures, but my personal observations are pretty similar).

There are degrees of stupidity, like anything else.

Sorry, what country is that for? The only people I know who live in house shares are students.

43 years in social care and you resort to playground insults.

Think we would be best to leave it there.

Schrodingers social housing tenant

It might "be nicer" in your opinion but I'd find it awful.

You must have missed the post about my friend trying to make provision for his retirement and any care he might need.

A friend of mine who is now 70 was planning to use his private pension to pay for his care when he got older. However he lives in a social housing flat and now hes retired hes expected to pay his rent and council tax with it until its down to £16,000 or below. You get help with social care at £23,000 He had £29.000 in his pension. The pension co charged him £6.000 to transfer his pension to his current account so he can use it to pay his rent. So its now down to 23.000 which is the lowest amount you can have before getting help with social care anyway. But as its going to be spent on the luxuries that are rent and council tax then its moot anyway. Saving does no good in this situation.

The state will have to pick their poison

Of course he has to spend his money on living costs. Baffling that you would think otherwise. £6k wouldn't have made a dent in a care bill anyway.

I put a house up for rent in May. It was advertised for a little over 48 hours. EA removed it from RM. 13 viewings and 10 of the 13 wanted to rent it. Very hard to pick a tenant as honestly all looked suitable. I could easily have rented it out for for money each month. EA told me they now have twice as many people go after each private rental than before RRB.

Im not disputing that BUT YOU CANT THEN MOAN ABOUT PENSIONERS WHO DONT SAVE you cant have it both ways. You and others like to assume that the poor dont bother. BUT he tried so now the state will have to pay for his social care. Pick your poison If i had posted on here that a millenial had lost 6k there would be outrage