Steep rise in the number of buy-to-let mortgages going into arrears

[@bernadofelix]

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

[@JGrant60]

If there’s a housing crash the banks will stop lending. And what point would you know the markets ‘crashed’ and won’t go down/up?

[@FavourChristopher-so5ws]

The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are headed for hyperinflation,it is always the poor who take the hit.

[@DavidCook-vk5mz]

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[@RyanWeber-bk7xk]

HOW !! I know it's possible I would appreciate if you show me how to go about it.

[@davidMills-sh4ge]

The crypto market is highly profitable with an expert broker just like Mrs Lori Jean Jarema. I got recommended to her, and since then, my financial life has been a success.

[@RonaldAnthony-pl9nv]

Since I started my investment of $7,000 with Mrs Lori, I am now having $29,450 in my portfolio.

[@BeckyOlson-qu9jz]

I have also been trading with her, The profits are secured and over a 100% return on investment directly sent to your wallet. I made up to $560,000 in months trading with her.

[@damienirving1436]

I'm 45, I have a good job and earn an above average wage but, I'm paying very nearly 50% in rent, to live alone, and my landlord is arbitrarily raising the rent. I simply can't afford it, so I have to look for a flat share and move within a month. This country just doesn't invest in or care about its people (if you earn below a certain threshold).

[@aafiaturkey6748]

Tories and Kier Labour is going to continue to squeeze middle class to fatten the top 1% and distract us with immigration and gender wars whilst the spend billions on Ukraine

[@tomjones8715]

Do you know why they are raising the rent?

[@allykhan8594]

If u flat shared earlier in ur career, would you not have enough money by now for a deposit? Or you feel you ought to have a home just for yourself as a entitlement?

[@Copiumgold]

I am moving into a van I am currently converting end of Sept due to the same problem. My landlord wanted to increase my rent for the 3rd time in 3 years raising from £700 to £1100. I politely told him no chance and will move out when I am ready. I have been on the housing register for nearly 6 months with out a single winning bid on the very places that come up.

[@Rythred]

@@tomjones8715 No doubt "following market trends" - you can contest a rise if it is more than 10% higher than comparable properties (I think that's the figure, been a while since I contested one)

[@AivarsSilins]

I’m mortgage holder and my proportion is nowhere near 21%, it’s closer to 40%

[@David-bi6lf]

Will be skewed by the older generation who were able to buy homes at affordable prices and therefore have much smaller mortgages.

[@samwoollard4491]

Same

[@mariahsmom9457]

Yes, there is not way that the normal mortgage holder is only paying 21%. That would be a dream scenario for me!!!

[@colleenpeck6347]

Financial analysts advise you not to spend more than 30% of your income on housing. That way you have money to save for retirement and an emergency fund.

[@DarrenSmith-zz6fk]

The everything bubble is starting to pop first property next stock markets and we have seen bonds already values fall people haven't seen anything yet

[@sidonio123]

This country is in a big mess

[@user-bi8ko7kc6h]

Not just the landlords. Many can’t pay their mortgage of the house they’re living in. They ended up selling the house and look for a place to rent.

[@mariahsmom9457]

21% on mortgage is a dream scenario for the majority of us. I think that number is not correct... because 21% or even 33% is not a problem. It's the 50% that's an issue.

[@gijane9375]

Best thing ever happen interest rate will force landlord to sell. cheap money day is over. So tenant stop give landlord more money & go back to your parents or grandparents and save for deposit to buy your own house.......... Stop making excuses

[@owenjohn1192]

@@gijane9375 and then what the people renting those properties still won't be able to afford to buy them

[@mariahsmom9457]

@@gijane9375 Well both my parents and grandparents are long dead. And my comment was general to the facts not personal. Plus, I already own my home. But other than that, you're on track with fantastic and very smart insights.

[@gijane9375]

@@mariahsmom9457 then again we still need more council house's

[@cdean2789]

Thatcher sold off the social housing stock and created a rentier class.

[@tomjones8715]

And section 24?

[@riyadougla539]

And people actually voted for her.

[@skymanifest8339]

And over 10 million people have been added to the population via immigration since she left office. Buy you're going to ignore that fact, aren't you?

[@bakedbean37]

@@riyadougla539 There are still plenty out there that would vote for her corpse if they dug it up and made it party leader.

[@paulmessenger9836]

I would I own one of them

[@liszaf3976]

The Renters reform bill coming is a disaster for Landlords who are selling up and a disaster for renters as properties disappearing of the market!!!

[@TheVMYak]

This is why two of my kids came home, the third lives in Europe where he can afford to rent, no rent control just enough houses to ensure a balanced market.

[@Setinmywaysalways]

In Germany, the majority of the population Rent, allowing Social Housing to become available.

[@tomjones8715]

@@Setinmywaysalwaysyes and I’m England we don’t gas our Jews so we will call it even?”!

[@damienirving1436]

@Setinmywaysalways because, their government makes sure companies behave humanely to tenants.

[@tomjones8715]

@@damienirving1436 mate this is a global issue…the Germans will get it soon enough. imagine if I taxed your business 40 percent on TURNOVER YES TURNOVER…would your prices rise!!! Section 24…

[@goldxgoldx5625]

It’s because landlords can’t pay for tenants and it’s just mostly because of interest rates on mortgages, if rates come down so will rents

[@sophiec544]

I'm so tired of this situation just feels like it's never going to improve. Everyone is struggling in some way on either side. Will this ever get any better.

[@simonaragon1992]

No it wont! Not with the way the establishment and system are set up. Its all by design!

[@lohar34437]

This is weak analysis from C4. A couple of points: 1) Mortgage and rental costs are not like-for-like comparators for housing costs. On top of mortgage costs, you have maintenance costs (some say you should budget 1% of your house price, so for the average house, that might be £2.5k/year (extra £200/month)) and insurance. Especially when it comes to buy-to-let investments, many would advocate setting aside 15% of the rent for maintenance costs. And then there are additional compliance costs, like gas safety, electrical certs, local landlord licencing schemes. 2) Mortgage costs as a percentage of income vary greatly by generation. The average that C4 presents will no doubt be dragged down by the many older generations who bought a house for £50k and might be paying their last £5k of mortgage. The reality for most who bought in the last few years is that they have a large mortgage and not much equity, and are likely spending a much larger proportion of their income on housing costs than renters. Nuance is needed and C4 fails to provide that.

[@RedstoneNinja99]

Ok leech

[@mateobravo9212]

Build more houses - simples. A big push on leaving the UK for us was cost of housing, regardless of buying or renting. Greetings from Spain.

[@arghjayem]

Not that simple actually. In order to cure the housing issue purely by building more houses, we would have to build about 6 million homes every year. We currently aren’t meeting the 300,000 homes a year target set by the current government.

[@philyewin4880]

You need to come back to help build them as we haven't got enough builders now most of the European ones have gone home. 😂

[@skymanifest8339]

​@@philyewin4880Most of these European builder's skills were below the standard requirements. Hence why the majority of new homes are already falling to pieces.

[@skymanifest8339]

Spoken like a true chav ex-pat living in Spain. They are building new homes. But with immigration now running at over one million pa, there will never be enough housing unless you concrete over every bit of green space.

[@dd48384]

@@arghjayem 6 million a year? How did you come up with that stat? 😂

[@harrysmith1705]

This is a problem of the state and lack of council housing. Landlords stepped in and provided a service that was needed. People wanted to rent after house price crashes. Landlords were then overloaded with rules in favour of councils and errant tenants destroying houses and not paying rent. Blame the government.

[@tombanks6920]

Absolutely right

[@DarrenSmith-zz6fk]

Everyone is to blame government should have been building council houses when rates were at 0 pensions calapes is next people need to be responsible for themselves don't rely on government or anyone else NHS is finished private insurance will be needed back to the 1930s us great depression on a global scale no avoiding it

[@j.harrison6744]

Keep talking about the supply side while ignoring the demand side is idiotic. 1.3 million people came to this country last year. Do liberals think that immigrants don't live in houses, or something?

[@trildi]

@@j.harrison6744 Source for your data?

[@owenjohn1192]

@@trildi it was 1.2 million in 2022, if you can't be arsed to look up the data then that's on you. I will give you a clue it can be found on the gov website.

[@Blackmessa6868]

My friend found a remote job offering her to work from anywhere in the world so she moved to Greece in a town called Patras and bought a two bedroom flat not far from the city centre for 60,000 euros which is about £50K.The flat is in a remarkable condition considering its price and she only had to get a loan of 10,000 euros just to make a few tweaks which won't keep her in debt for the rest of her life. Honestly I don't know why we are so obsessed in trying to own a place in the UK especially when we'll probably end up selling it when we retire and leave the country anyway! Best decision she's ever made and she's a home owner with no strings attached at the age of 38 and has the freedom to do whatever she wants in here life without having to work hard just to pay off a hefty mortgage.

[@Blackmessa6868]

Not to mention that she can rent it out for 450 Euros which gives a yield of 9%. And we think that if we get 5% here on a £200K one bedroom flat that we made a good decision 😅

[@ddon1797]

Issue with that is it hurts the Greeks. Like the more people that do that the more the local prices go up so then the locals can't afford to buy. Happens alot.

[@fraybentos666]

Well done her!!! 👏 🎉🎉🎉

[@trildi]

@@ddon1797 Exactly. The same people who advocate this do not like this same thing being done to them, do they.

[@ddon1797]

@trildi yup, I've seen it first hand /spoke to locals from all over. Like there's a reason houses are 'cheap' in an area, it's usually because that's what the locals can afford/average wages. The more people that do it from richer areas, the house price goes up, and locals need to move away because it's too expensive... I absaloutly hate it because I've been there / know people that just simply can't buy a house where they grew up. All because it became popular with people for being 'cheaper'

[@user-bi8ko7kc6h]

I applied to a job and the first thing that company asked me was do I live close enough to travel to their office because it’s almost impossible to rent there nowadays. Since when we need to work close to our family home or a current address because we can’t rent and move to where the office is?

[@EconomistsMUFID]

Peoples need to come out in the streets to stop Bank of England to stop interest rate rise and fine super market for artificial inflation raise.

[@Google_Does_Evil_Now]

Yes. Let's do it.

[@riyadougla539]

People need to also stop spending money and let the economy crash.

[@milesinnz]

yeh,,, and then end up like Venezuela or Argentina.. and you will have a lot more to cry about.. get an education...

[@ddon1797]

​@@riyadougla539it's gonna do that anyways, it's been circling the drain for quite some time

[@jofferybezos292]

Let me guess you took credit at low interest and now your crying 😅

[@HorseSaddleRider]

There are plenty of homes above shops lying empty.

[@cad4246]

Plenty of empty homes across the country. Jobs are too concentrated in London and the Southeast and public transport too poor outside those areas. You can't live somewhere if you can't get to work.

[@JulieBermond]

I live in Belfast, despite a very comfortable income, it took le 6 months to find a new house, following the house I was occupying becoming unsuitable for human habitation. Because I have no guarantor... but I have a clean list of happy landlords, perfect credit rating and a very comfortable income, coming from a job I have been in for near 9 years. I cannot imagine what low income families have to go through to get housing.

[@wontbelongnow5567]

Governments fault they make it so difficult for landlords. Thery are selling up .but the council will, not build no where enough houses for homeless mind the private rental sector. We need these private landlords but Government don't look after with extra taxation on the which will be passed on to customer. There's going to be people living at side of roads in vans , motor homes and caravans just like there is in USA. They got to live somewhere.

[@harlyslamm2888]

Gove did this for the renters, and renters will pay for it! Its as simple as possible

[@TedThomasTT]

The older generation voted for this, now we're paying the price.

[@DarrenSmith-zz6fk]

People have been buying property thinking it would make them wealthy this is what happens when people speculate government should have been building homes when interest rates were at 0 homes are where you live not to give them additional money in their retirement plans their are tailored products for that i said to close friends help to buy was a government scam 95 percent mortgages were a joke people waiting to get on the housing ladder need to site tight bargains are just around the corner

[@DarrenSmith-zz6fk]

This is a topical ponzi scheme people who got to buy their own homes in the 1980s made the real gains and as more people wanted to buy homes they inflated the bubble people thought 0 rates were for ever what goes up must come down lessons from 2008 haven't been learned homes are for living in not for speculative reasons pensions crisis is next people thinking they are going to be in the money will find out what pension funds have been doing with their cash like buying government bonds which are underwater bank of England is currently owed 1.2 billion pounds in unrealised losses uk treasury needs to issue more debt to service the Banks losses again funds promising people 8 percent returns year over year that's unrealistic

[@bradleykelly7158]

What exactly did they vote for?

[@leeeeee286]

@@bradleykelly7158 Mass migration, opposition to building new homes, high tax rates which mostly go to free health and inflation-locked state pension for the elderly, Brexit which has arguably had some impact on commodity prices, pandemic lockdowns which caused inflation and various other problems to save a small percentage of those who are 70+. Shall I continue? I can.

[@Spacemonkeymojo]

@@leeeeee286I don't know much about what's happening in the UK because I'm from Australia and we've increased immigration this past year to 400k (it was low due to COVID) and now we're seeing rents skyrocket because vacancy rates are low. There's a Guardian article I just read called "Is immigration causing the UK housing crisis?" from 2016 which says that immigration might not impact housing prices, but I don't see how that isn't the case... if the population is growing faster than houses are being built it's obvious there will be a lack of housing resulting in both higher rents and house prices. In Australia everyone has a hard on for property investing, it's stupid. No one realises that the stock market is a good way to build your wealth.

[@j.a.0088]

Our housing system means Royal Family has castles , with 100 and more rooms sitting empty , palaces , stately homes . Crazy country .

[@cdean2789]

And thousands of acres of land.

[@lindseyscott3011]

What countries don’t have this??

[@Rythred]

@@lindseyscott3011 France 👀

[@user-bi8ko7kc6h]

Hundreds? We’ve just got another 400 landed today. Lol

[@snsn7251]

Harry told you guys but you preferred the media brainwashing that stokes your racism.

[@realest-12]

This isnt temporary. We will be squeezed until we have nothing left

[@BsktImp]

Exactly what the likes of Lloyds Bank (Citra Living), L&G, IMMO, John Lewis and other institurional investors want. Why go through the ups and downs of borrowers' defaults and repossessions when you can control the supply of rental properties, market rent values and all the add-ons?

[@Google_Does_Evil_Now]

Yes. American investors are buying up large numbers of British homes to rent them out at high rents. Tories set the laws to allow this and encourage it. No stamp duty if you buy more than 6 homes. Jeremy Hunt, the chancellor, has done this himself to avoid Stamp Duty. Increase all our bills. Increase our mortgages. Force us out of our homes. Auction them while their values are lowered due to rich people with lots of money. Those ruthless rich then rent them back to us because we are now homeless. Tories. This is what they've always done. Put the British people in the poor house while taking our land and our assets. Who votes Tory? What kind of disgusting person would vote to destroy the NHS, destroy wages, destroy housing, increase our bills, cause massive inflation and not take any actions to reduce it? Tory voters, why are you hurting the British people intentionally by voting Tory?

[@piandsquareroottutoring7022]

And in Toronto, over 50% going into rent only, excluding utilities bills..

[@enhancedutility266]

Same in the US

[@Rythred]

@@r4idersc4vver24 Christ read the room bud

[@user-bi8ko7kc6h]

Here in the UK you can hardly find a place to rent including utilities bills. That’s not what we do here.

[@piandsquareroottutoring7022]

Similarly here..All newly built condos are excluding bills when renting out..@@user-bi8ko7kc6h

[@colleenpeck6347]

In the US, 65% of residents OWN their home and 35% rent. A prior comment stated that most of the US rents and I was skeptical !🫤

[@Polite_Indifference]

The minority of the British population with the most money (home owners) trying to pass the cost of inflation on to the majority with the least money (those who rent). Companies recruitment processes are too laborious and degrading and their employment contracts too "flexible" for renters to generate the financial resilience to pay even more money each and every month to subsidize the lifestyles of home owners. Competent? Ambitious? Looking for a fair deal out of life? Don't stay in the UK.

[@paulmessenger9836]

That's a poor persons attitude

[@Polite_Indifference]

@@paulmessenger9836 Then I must be a poor person.

[@KoDeMondo]

Exactly the overinflated housing market it's the sign of the printing press money machine that for decade has never stopped to print and print money endlessly to zero interest this is the absurdity! The illusion of wealth effect has complety doped the system not only the housing market, but also stock market etc. The end result is now the debt created that has to be repaid and the consequences are terrible..

[@NOAH17841]

What does the government hope to happen here , do they want everyone homeless, jobless and every one on welfare or something

[@leebatty1256]

They just don’t have a clue what there doing! We just think they do, because there good talkers and sounds good, and look good on paper. But the truth is, most of them live in a different bubble to ordinary folk

[@NOAH17841]

@@leebatty1256 - so true

[@riyadougla539]

That's exactly what it looks like.

[@skymanifest8339]

Or maybe, just maybe, we don't have a government who makes these decisions on our behalf. Maybe they're just puppets following the commands of Blackrock, Vanguard and State Street.

[@mirabella2154]

​@@leebatty1256They know exactly what they are doing. You are a fool. 🤦

[@jamesagerholm2034]

Because the government are making it harder for landlords.

[@onezerooneseven]

All the interest rate rises, tax that a landlord pays, agent fees, repairs, void costs has to be accounted for. So renting will always e ore expensive than buying. Private renting should be a choice, the state should be providing homes where it can control the rent.

[@jaime7372]

The same is happening everywhere, here in Portugal it's even worse! Rents are as high as salaries!

[@dongmingzhu666]

Then nobody will be renting

[@jaime7372]

@@dongmingzhu666 Only for the upper class! I think it's becoming a World wide issue! Governments need to build affordable housing to fight this greed from the landlords! We pay our taxes, so we have to fight for our rights.

[@saraswatkin9226]

Portugal property developers of the 1980s was funded by racketeering. Portugal is built upon the sham timeshare operations when millions of people lost thousands and those same racketeers became business investors in UK!!!

[@saraswatkin9226]

@@jaime7372 NOT THE "UPPER CLASS" ITS "THE RACKEETERS CLASS".

[@trildi]

@@jaime7372 Greed from landlords? What has rent control done for all the buildings that are crumbling in city centres in Lisbon, Porto and the like? Do you like seeing those historic buildings falling apart, with pensioners paying €250 a month in a city centre?

[@Aeternum_Gaming]

there are hundreds of construction projects being built where i live. the problem is they are all 5 bedroom $2 million homes. where are all the 1bdrm apartments that arent ina ghetto on the opposite side of town? this is by design. i don't need a 5 bedroom house, i need an affordable single bdrm apartment!

[@user-xu5vl5th9n]

Investors are been driven out of the sector. This is not an accident it is a policy goal. Why aren't people cheering?

[@mark10601]

Landlords are constantly painted as evil, and now the tax system turning on us, so we are selling up. Now complaining that supply of rental properties falling and therefore rents rising. Rents are not going up because of interest rates. It’s demand and supply.

[@klyeson4832]

I dont know where they get these figures for renters only spending 33% of their wage on rent? Where I live in the south west, rent for an average 3 bed house is around £1200-1300, that would mean that someone is earning roughly £3600-3900 a month, I don't know many people earning anywhere near that. I live roughly 45 minutes from the city and in the city, the lowest rents for a 3 bed house are around £2500 so that would mean an income of around £7500, these figures are completely wrong

[@MrRodigan]

Another Tory record

[@DivineLove247]

Even IF more Houses are built, With Inflation above 7%,...meaning Building Materials are at an all time HIGH,...Builsers are charging all time HIGH = Houses will be sold at a all time HIGH. How is an average Wage Earner of £30K able to buy a £300k House? Answer is wages need to keep apace with Inflation.

[@giani1680]

No synpathy towards the parasite landlords who have screwed vulnerable tenants for years.

[@mollypenwhistle7918]

Is this what happens when the government leave the essential services to the private sector?

[@danmchardy6424]

No it's actually the other way round, government regulation on new builds, long periods of expansionary monetary policy and a string of demand supplement policy have led to where we are today. Private sector creates supply to meet demand and is far more efficient.

[@skymanifest8339]

It's what happens when immigration is running at 1.3 million people per-year. Sorry to point at the elephant.

[@Stuark54]

@@skymanifest8339 Well, that's a big part of it but primarily it's the lack of affordable house building by the tories and labour whilst allowing right to buy to continue. Overall the blame is laid purely at the terrible mismanagement of the government in all areas. Blaming immigration for all of it is purely not true. Thatcher started this crisis and now it's the younger generations paying the price.

[@Spacemonkeymojo]

Is immigration high? In Australia we're importing so many people we're causing issues with housing. A quick Google shows that net migration has been around the 300k-400k per year since 2010, wtf. Government has caused this issue.

[@Billygoatmanstan]

Dont worry.....Blackrock will compulsory buy all the houses and save the day

[@60yoself-taught]

The government priority is to protect the banks' interest. Hard to accept? That's the reality unfortunately.

[@jaynehaffmann3944]

Because owners don’t want to be told they can’t have their property back and red tape is out of control. Owners are sick of it!

[@michaeledwards8079]

the problem has been caused by the government and their tax policy and section 24 limiting the tax relief on a BTL business, most business can claim 100% relief on interest and loan costs but landlords get taxed on the whole rent lest basic tax relief of 20 %. This cost has to be passed onto the tenant or rent at a loss, sell up or go bankrupt

[@ianbaulk9766]

That’s a great answer blame the landlords if all the landlords sold up where would all the tenants live owning a rental property is no longer tax efficient why would any body run a business where you pay tax on turn over not profit I’m not a landlord before any body chips in I rent and my landlord is having to sell up as he is paying 100% tax and for the last 18 months he’s had to put money in to keep me housed but can no longer continue as his mortgage is going up monthly

[@user-gz6tx6yp3v]

​​@@psyqueerdelicSo who supplies the private rented sector where people don't want to commit to buy and don't want to live in social housing? Most tenants in the PRS choose to rent. I rented myself for many years, now I'm a landlord renting to those same professionals who want to rent and want quality in good locations near work and entertainment.

[@tomjones8715]

@@psyqueerdelicit’s not the mortgage that’s the issue it’s the tax bill you moron! That’s section 24 ffs

[@ianbaulk9766]

@@psyqueerdelic how does the next buyer of my home have to house me my landlord is having to give me notice and the house is going on the open market he’s tried already selling it with a sitting tenant ie me but he didn’t get one offer after 7 months on the market so now has no choice but to sell it vacant possession

[@snsn7251]

​@@psyqueerdelicThen go sleep on the streets. You cant live for free

[@kalbirsingh1411]

No free land to build social housing .maybe should start building new islands on the west coastline of Britain like I'm Dubai .

[@oliverread1060]

As a remainer the central bank had no choice but to rise interest rates and keep the pounds value, it makes sense as a net importer. But the pain brexit is having on working class people is dangerous

[@loflux]

No mention of the Tax that landlords are being screwed over with then, plus the interest rates are putting these people in a bad place :( . The government decided to screw over landlords unless they are a ltd company, they don't want people investing in housing as a pension anymore. I know of three landlords who have had to sell up because they can't afford the buy to let and the tenants can't afford a rent increase. Some of them had no option but to rent out in the first place because they needed somewhere to live in another part of the country for work. One of them has also been forced out of his house that he rents in London, its an endless cycle of interest rates and tax, the only people making money are government or people with a lot of money to invest. The 1% and BoJo are doing alright, and no mention of the King not paying inheritance tax... Its all about the narrative for the News though. If you want to see what's really happening to the rental market, watch James Shack's video on KZbin ;)

[@cassandra2249]

Don't be silly, the government couldn't care less. People are naïve if they think the government works for them, it doesn't. It works on behalf of vested interests and that would include landlords.

[@jonathanjonathan7386]

they deffo dont work for landlords, maybe th e big corporates but not your fred bloggs type landlord!

[@frixosfriedman7813]

Wow, UK has really gone off a cliff

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[@GaryWinstonBrown]

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[@f1amedancer]

20/30 something% ? HA! New mortgage agreement recently 45%. Rent in our area 60% on a good wage.

[@Stuark54]

Buy to let was the most stupident investment ever. It was obvious it wasn't going to last and the government should never have allowed those mortgages to exist in the first place. They allowed it just to act as a sticky plaster on the incompetent lack of housing construction. This is all due to poor planning from both the (primarily) tories and labour. Housing is a ticking time bomb waiting to happen and unfortunately it's about to blow resulting in millions in negative equity and homelessness.

[@ssuwandi3240]

Check out Meloni 40% windfall taxes! About time for Corporations / Bankers to pay back decades of easy printings..

[@carmemdovirgens2291]

The council or councils are housing Asylum seekers and people who are lying to get Asylum. I am paying tax, I've been contribute in my borough and in exchanging I am elegible for a council house but I am not quite lucky as the Asylum seekers. 😢

[@ssuwandi3240]

@@carmemdovirgens2291 abs infuriating.. maybe you would be hired as a remote staff so that you have more flexible and safer choices

[@Priesty1997]

I am 25 and cant afford to move out of parents house

[@cad4246]

My brother was 32 when he moved out last year. I'm 41 so it was a lot easier for me. Mum still objects every time there is a proposal for a housing development nearby and the nimbys start complaining. Good luck.

[@2penry2]

My rent has gone up 42% in the last 18 months. It's getting ridiculous.

[@francisdrake6093]

Buy a house.

[@chloes3897]

@@francisdrake6093what if they can’t afford to save a deposit because of their rents? I have a sizeable deposit and still can’t afford one so it’s not as easy as just buying a house 😂

[@judgemayhem3087]

People need to be real and move to cheaper towns and cities if necessary move up north.

[@Billygoatmanstan]

Were all slaves with invisable chains

[@Susan-z7m]

How can buy to let mortgage in arrear when rental demand is sky high. Its not like landlord have no tenant or rent is falling

[@Setinmywaysalways]

The time has come for this or any Government to get back into the After WW2 Pre Fabricated Market, to allow people to access short time housing, there are many many providers out there.

[@nancyhood8395]

The trouble with pre-fabs is the mortgage company's, they do not lend on pre-fabs,they rte stuck in an age of world war two prefab housing not the ultra modern ,low environmental, pre fanbs of today,there easy to build in factories ,no matter the weather !!! TAKE DAYS TO ERECT ,BUT THEN YOU CANY SELL TO A BUYER WITH A MORTGAGE ,AGAIN BECAUSE THE LEND ERS WONT MORTGAGE SAID PROPERTY

[@Setinmywaysalways]

@@nancyhood8395 It is for Social Housing, not to be Mortgaged.

[@kevincowan2639]

When are people going to realise or when is a news provider going to bring it up. That having children is ruins your financial future.

[@oxtt4314]

And what happens to society when people stop having kids?

[@kevincowan2639]

@@oxtt4314 we go take some from India or China they’ve got to many

[@trildi]

@@oxtt4314 Nothing. There's 8bn of us. It's ok not to procreate every now and then.

[@oxtt4314]

@@trildi but we live in separate countries with separate taxes and pension pots. If we don't have enough people in the workforce to pay for the pensions of retired people, either people won't get to retire and work till they die, or those of working age will face ever increasing taxes and national insurance to pay for public services and pensions. It will also lead to shrinking economies over time.

[@trildi]

@@oxtt4314 Yes, all correct. We as a society need to radically re-think our economies, our endless unsustainable need for ''growth'' (i.e. destruction of everything around us) and think about how the whole system can be made sustainable. Reduced population, de-growth, re-inhabiting abandoned rural areas and farms, organic living, making planned obsolescence illegal. A world like that can sustain people working part-time and then focusing on their little gardens/farms and be self-sustainable.

[@jofferybezos292]

People living beyond their means at low interest.

[@trildi]

100%!

[@sarahgriffin8288]

Why dont the councils buy up the houses landlords are selling to avoid homeless of working people

[@M.Manique]

Its not just about building social housing the government and councils need to buy back the homes sold under right to buy and they need to abolish right to buy!

[@bluceree7312]

This is the definition of a cluster F.

[@alfredaelenatanase2300]

This is not accurate .I pay 70% on rent in London and they want to increase

[@suevine7207]

So why are people being evicted, I missed it. If interest rates are going up for the landlords he had to pass it on otherwise what’s the point of being out of pocket.

[@nodoubtaboutit]

They knocked down the social housing for private and never built more. Sometimes a full working household is living in a big council home and paying small amounts of rent, no bedroom tax either because they work. This would be fine if there were enough homes but there isn't. People in homeless with or without illness are in the same category for some reason also, like me. Bizzare. Only one thing left to do, government need to re buy these homes to make into social housing. While they're cheap, seems planned to me.

[@skymanifest8339]

We're also importing 1.3 million people per-year. Sorry to point at the elephant.

[@trildi]

@@skymanifest8339 You're ''importing'' people? Where from? And where is the source of your data please?

[@uplink-on-yt]

Government responds: "It's not our job to govern this country, now, is it? Stop blaming us."

[@jon-xd7tl]

What is the underlying reason why rents are rising so quickly? Could it have something to do with demand for housing growing more quickly than the supply of new housing? Could it have something to do with the arrival of 1.2 MILLION legal migrants in 2022 alone, with the approval of the Home Office and the government? How many more in 2023? And how many if Labour is elected for 5 years?

[@robi7154]

Trailer parks are going to be a new reality.

[@Copiumgold]

Affordable social housing is a must. They can be built cheaply and fairly just stop giving the contracts to greedy building contractors.

[@paulmessenger9836]

Won't happen will become no go areas

[@skymanifest8339]

Or, stop importing over 1 million people every year. Or don't you think immigrants need homes?

[@MARTINA-gc3tq]

? An AST is a tenancy that allows possession at the end of the term…… what is all this rubbish about “ fault”.

[@oldschoolhiphop1131]

If the tories are so safe with money why didn’t they borrow to build social housing when it was virtually 0%?

[@gaozhenyu7522]

the rent will be much higher in the future because many landlords are planning to sell off and leave the rental market, there will be less rental houses available in the market but tenant demands remain the same that will cause the rent rise higher and higher.

[@MasonDixonAutistic]

What happens to the houses that are sold? They disappear?

[@gaozhenyu7522]

@@MasonDixonAutistic now only families buy these properties, but before the same HMO house can live at least 5 tenants,

[@NhiNguyen-tj4co]

It’s ridiculous that my rent increase is 4 times the payrise I have this incoming Sept….

[@fksons4161]

If interest rate is going up, why cant government encourage people to work rather than focussing on benefits. Alot of people want benefit because it is cost effective than people who actively work. The tax system is screwing people who are working hard, move top tax rate from 52k to 62k to allow people to take more than one job and earn enough to pay mortgages and rents.

[@Asdfgghhhjj]

Nonsense. More governemnt spending will lead to higher inflation, and an even higher interest rate which is the reason we are in this mess right now to begin with.

[@ftsetradersteve2742]

High immigration = High housing demand = Rising prices....Add to that the fact the buy to let market has experienced off the scale interest rates causing B2L owners to sell off and shut down then you have the perfect storm.....

[@anthonyfaucy2761]

Just awaiting for all the buy to let landlords rushing to the comments section claiming they are the victims being forced out of their immoral business of turning housing into a business. The quicker buy to let and landlords exit a painful process the better society will be. We need to nationalise renting, cap rents and ban no fault evictions so families have a stable place to live in and housing is no longer an investment to exploit

[@Joehunt28]

They keep increasing it

[@allykhan8594]

Exit landlords 2019-23 350,000.

[@1985MrFRESH]

Landlords are being squeezed and forced to sell. The banks are now offering 100% mortgages. If this marlet is not an opertuinity for the masses , i am sure it will never be. My advice, get your self these 100% mortgages and buy up these flats landlords are selling up in droves.

[@1985MrFRESH]

@@yayaceravieja1461 probably less than rent

[@Alex-pr6zv]

In Germany, house prices are falling but rents are rising. It's a classic case of supply and demand.

[@justinzhou7245]

Same in the UK

[@jroobz]

but you have rent caps, right?

[@Alex-pr6zv]

@@jroobz Yes, but there is still plenty of wiggle room, legal and otherwise, for landlords to hike rents.

[@alfredaelenatanase2300]

Child homeless in hospital will be the case for me in a few months

[@schcbh4800]

This has been a parent for the last 30 years this would when council stop middle-income people who did not qualify for social housing to get housing on the housing association and that was created for people who couldn't afford private red but weren't entitled to all this was apparent with the increase in population and the government heavily relied on the working population with decent income going into the private sector now this is not workable, if you increase the population they are going to need social. And we've landlords now leaving market because it's no longer viable there is not enough properties in the private sector due to immigration and domestic demand and cost.

[@daviddalby9699]

Shame on the tyrants that have created this

[@nancyhood8395]

Yes we need more social housing ,yes we need affordable ,1st time buyer properties ,but no one deals with the elephant in the room ,disgusting, tax robbing live like a tramp ,damage property, Rob payments from housing benefit and NOT PAY LANDLORD people ,these people add to the costs of the landlord who then intern has to put up rents covering these scumbags ,yes there are disgusting greedy landlords but on the flip side there are disgusting tenants

[@NOAH17841]

Elephant in the room should be illigial immigration

[@indivisible4835]

@@NOAH17841 As far as I know, elephants aren't migrating here, "illigial" or otherwise. 🦣

[@nancyhood8395]

@@NOAH17841 have you rented out a property as a landlord ?

[@leebatty1256]

It’s the regulations. Interest rates. And the unfair tax system, specifically designed to target individual landlords with TAX implications that no other business suffers. This has forced and in some instances bankrupt individual and , portfolio landlords to sell up, and invest their money in different markets. It’s the most stupidest idea ever, and has only made the housing situation worse. Government was warned, but chose to ignore. Unless you have millions and billions and money isn’t an issue, this market is truly screwed IMO!

[@leebatty1256]

@@psyqueerdelic scalping. This isn’t a day trader business, it’s a long game. Swing trading for decades

[@donttrip8282]

We could be 4 or even 6 years into fixing this, now solutions aren't even on the menu anymore, unless you vote for smaller parties that FPTP keeps out.

[@jakeroadtonowhere4070]

massive increase in people sleeping in cars just like America

[@colleenpeck6347]

The hundreds of thousands of asylum seekers are safe in hotel beds with an ensuite bath.🤧

[@mjhussain1334]

Interest is the problems ! Banks enslaving a entire nation.

[@thefuturAI]

Don’t rely on Labour government and sir kid Starver to be any help !

[@ianchinsor9248]

You price out landlords and what do you expect? They all just want to sell

[@ayela562]

25 percent of all single family homes in the USA sold to investment firms last year . Small landlords are priced out of the market. The corporate landlord is the new overlord.

[@simonlee6688]

I emigrated

[@pointlessjourneys]

recession is needed to cool down the market.

[@PaulioMaldinio]

Works Drying up day by day inbthe Housing sector

[@murunbuch]

That analysis is reduculously superficial. It's old data, badly presented. And there is no mention of the btl mortgage defaults in the video title.

[@paulgibbons2320]

How can we vote out Feudalism. We serfs are all sick of it.

[@joshuatree1577]

I am a naturalised Brits, originally from another European country. This is just the result of 20 plus years of greed and craziness. In the 2000 you could buy a house in Hackney for 30k, you had a cap in rents and hefty tax if you were holding empty flats (this was to discourage high Landlords to manipulate the market creating ad-hoc shortages, like today). Price ratio to buy a house was 1:3 to 1:5. Now, in London, is 1:20 for a shithole. People's game was to buy houses and flip them as a way to get up and up on the property ladder to get their mansion in Richmond, lots of magazines and publications glorified this moronic attitude. Today, the same house in Hackney costs 750k, it is the exact same house, just 20 years older (obviously no major renovations were done...why bother!). Britain and British people deserve this. To add insult to damage, now Brits are doing the same in other countries causing their markets to sky rocket...which obviously will create the same conditions 10 years down the line.

[@jonathanjonathan7386]

the presence of millions of foreigners like you in the UK has put enormous pressure on the availability / cost of rentals and purchases. supply and demand economics.

[@sagepirotess6312]

Kinda misleading. Its more adult citizens fault. You let your parents buy xboxes, save for university, travel, eat out, huge parties. Then no money to buy land when kids born or marries. In Asia we buy land, then spouse builds house.. And when asians go overseas as we save all life, we buy your houses, land or appartments in cash. No mortgages, no rent.

[@user-dv3kq3rm4h]

England is a completely different culture. What you are describing is what happens in other ethnic minority cultures like the Caribbean where whole generations own their land and build on it. However in the UK actual land has always belonged to the upper class gentry- even if you own your home, you most likely dont own the land its on. Also, you are being somewhat presumptuous that everyones spending habits are like you've described. Many working class people just don't have the luxuries you've described so don't blame them for not owning their home. Even the middle classes are now struggling. You can't compare the UK to Asia its chalk and cheese. Families dont all live under one roof unless from certain cultures, though its becoming more common through necessity now for some.

[@Benend1991]

Ah yes, a £400 one time purchase of an xbox is why I'm still renting. Thank god I saw your comment, you've cracked the code pal.

[@sagepirotess6312]

@@Benend1991 xbox, is a luxury. Let's add games, monthly subscription. And again. If you have that, probably high end phone. Eat out often. Big wardrobe. Point is you spend vs save.

[@speedboostr]

There generalizations about percent of peoples wage is nonsense,crappy media bs