Why are rents so high and will they keep going up? - BBC News

The Baggs brothers turn up the heat and grill the BBC’s cost of living correspondent Colletta Smith about what’s going on in the housing market.
Why are rents rising in big cities? How does the UK compare to the European rental market? How do banks decide who gets a mortgage and how high it is?
This video is part of Flip the Script, a series where celebrities interview BBC journalists about today’s big issues.
You can watch all episodes on BBC iPlayer: bbc.in/3qhs6wM
Created & Directed by:
Jan Bruck
Executive Producer:
Jonny McGuigan
Cameras:
Phill Edwards
Gemma Laister
Akeem Graham
Editor:
Paul Mullen
Producer:
Jen Carswell
Runner:
Freddie Wride
Graphics:
Salman Mushatat
Terry Saunders
Aoife McKenna
Please subscribe here: bit.ly/1rbfUog
#Mortgage #Rent #BBCNews

[@jimthompson9370]

What is this??? Shouldn’t it be on CBBC’s?

[@FoodwaysDistribution]

They are kept artificially high. There is less demand for rooms and accommodations du to less EU new comers and many departures, you can very clearly notice the lack of people if you try to sell 2nd hand furniture or any domestic item, it use to sell within hours now zero buyers for weeks.

[@Maximoootom]

The rent is too damn high

[@lexiconwaffle]

The actual discussion on rent starts 3 minutes into the 20 minute video... I just saved you hearing three names you'll not remember tomorrow.

[@iamdmc]

BBC Execs: This is a serious topic, in the middle of the worst housing and affordability crisis since Dickens also BBC Execs: let's put a couple of chavs in front of the camera to laugh at renters

[@markgoddard2560]

Generally, rents go up because of greed, government ineptitude, inflation and engineered scarcity of homes due to profiteering. I thought everyone knew.

[@tastypymp1287]

Citation needed

[@tonysherwood9619]

@@tastypymp1287 it's obvious you plum!

[@miralubin646]

Spoken like a true uneducated tenant

[@fernandadavid828]

State agencies fulled the high price market for rental as the make 10/15% a month for every property they let so why is even allowed and never mentioned???

[@Ancient_Pollyanna]

The real estate business is evil, keeping up with each other, no thought to their actual market. They'll keep it up until we put some regulations on them.

[@elizaann1888]

The situation with landlords and renters is obviously a toxic nightmare. However, one day, hopefully, there will be some thought and help given to those of us who, foolishly, bought a flat and are continually being robbed by means of extortionate management fees! We need help and protection as well. Please, anyone, help us

[@fernandadavid828]

State agencies fulled the high price market for rental as the make 10/15% a month for every property they let so why is even allowed and never mentioned???

[@JGrant60]

The fees are ridiculous and will eventually make flats worthless

[@TreySiemers-pn8es]

Because THEY don’t want people to have a family or a house. Think about it. Rent is more than most mortgages. Why in the fuck

[@WellOilBeefHooked]

I would've appreciated a warning that's children's viewing

[@oldsoul9568]

A shortage of housing supply. The UK has been building fewer homes than it needs for many years, which has led to a chronic shortage of housing stock. This shortage is particularly acute in London and other major cities.

[@JohnSmith-fz1wh]

The housing stock has doubled since the 1970s. The problem is mass immigration.

[@tastypymp1287]

Maybe the demand is actually the real problem....

[@SteveNinetyski]

​@@JohnSmith-fz1whCan you show me how you came to this conclusion? I am sure you can. Saying dinghy divers doesn't count by the way.

[@JohnSmith-fz1wh]

@@SteveNinetyski If you even have a basic education you should be able to work that out with some research. If you think the government is going to tell you the truth your are beyond help.

[@fernandadavid828]

State agencies fulled the high price market for rental as the make 10/15% a month for every property they let so why is even allowed and never mentioned???

[@uplightuk8924]

The ones laughing right are now are the ones with council houses as the rent hasn’t increased whatsoever, at least mine hasn’t and it isn’t planned to.

[@mcr257]

🧐 at least you didn't buy it to let

[@uplightuk8924]

@@tastypymp1287 Why is it? Cheap rent that isn’t affected by inflation, free repairs and the option to buy the house for a much cheaper cost. I have a lovely house, detached with a huge garden. You can get some very nice houses off the council and you can basically do what you want to it. After 13 years of living here I have the option to mortgage the house for a fraction of the cost than it would have been doing it privately

[@tastypymp1287]

@@uplightuk8924 It's not the house, it's the postcode. Estates that are populated almost invariably by knuckle dragging, low brow, Fast Ford reading degenerates. Roooooonnniiiiieeeee!!! Every working mans club ringing out with '... I'm luvin angels insteeeaaaddd' before the obligatory glass in the face. Enjoy paying for that. It's cheap for a reason....

[@iamdmc]

winter is coming

[@aacmove]

In France you are discouraged from owing more than 33% of you net salary in housing costs. Rents are also a lot lower. Additionally, house prices do not increase to the same levels as they do in the UK. Thus the property I bought 18 years ago, probably hasn't gone up too much. But the reason is it was bought as a home not a gamble to make a quick buck. They also say you should wait around 8 years to sell because of the Notaire fees you have to pay when buying, not 6 months as in the UK to make a quick profit.

[@tonysherwood9619]

The government will benefit landlords and call them providers while evicting you!

[@dalebenton3354]

Makes me wonder as well,Years ago,Rent was was between £25 to £40 per month,Now days my rent is £380 per month,Just for a one bedroom flat,Still quite cheap,Compare to some places,Go private,Lanlords charge about £750 per month,Highest rent ive seen on some properties going for about £4,000 per month,Just for rent,Well (EXPENSIVE) you know what rent is about in some properties,When most people not got a grand a month spare,Let alone 4 Grand

[@public.public]

Legalise the homeless setting up camp anywhere until they can be housed and then requisition all empty second homes.

[@trydowave]

I agree with this. If this country is so inept when it comes to supplying decent and affordable housing for its own citerzens then it should not harass the homeless and let them build camps, sleep in cars and vans etc so they can at least stay warm and dry. If the government refuse to help then people should have every right to help themselves.

[@fernandadavid828]

State agencies fulled the high price market for rental as the make 10/15% a month for every property they let so why is even allowed and never mentioned???

[@olanosergio]

I used to think the same as a lit if other people. Landlords are greedy. But when i understood how it worked most aren't. Costs are high.

[@fernandadavid828]

State agencies fulled the high price market for rental as the make 10/15% a month for every property they let so why is even allowed and never mentioned???

[@tmoosy]

'they have to pay a massive mortgage' money that goes towards an asset they can sell down the line. not only do renters effectively put money in their future piggy banks, they give profit on top!!! it's subsidised asset hoarding

[@caby1icr]

Why are they so happy for rent going up🤬

[@bollocks5724]

One word , greed.

[@jackwardley3626]

yes we heading for very dark time things are going to keep going up to fast for wages to catch up the best days are behind us

[@Johnny53kgb-nsa]

Indiana, USA, per month, house payment $700 ( increased $200 in the last 10 year's, mostly due to property tax increases and insurance increases), utility bills, electric $150, gas $75, water $50, sewer $50, groceries $750. Inflation is crazy now. Utility bills are estimated, some higher or lower, depending on the time of year, or the weather.

[@fernandadavid828]

State agencies fulled the high price market for rental as the make 10/15% a month for every property they let so why is even allowed and never mentioned???

[@fernandadavid828]

State agencies fulled the high price market for rental as the make 10/15% a month for every property they let so why is even allowed and never mentioned???

[@_AdventureClub_]

Because Government facilitates business and business buys to rent. Because Government doesn't try to really help people buy therefore people will be forced to rent.

[@sebastianguerre6868]

If the British government imports millions of people from the international community but doesn't build houses for them to live in that will create a shortage of housing for the British people. It's very basic supply and demand economics.

[@notjustforhackers4252]

This is intentional. Renters are more reliant on the government and boy do they want to govern the people.

[@marvintpandroid2213]

Supply and demand along with zero regulation where it matters and selling off all the council houses and not replacing them. Next stupid question.

[@raijinenel3116]

where is the demand coming from?

[@marvintpandroid2213]

@@raijinenel3116 People wanting to live in houses.

[@raijinenel3116]

@@marvintpandroid2213 Where are the people coming from?

[@marvintpandroid2213]

@@raijinenel3116 When a mummy and a daddy love each other very much they have a special kiss.

[@raijinenel3116]

@@marvintpandroid2213 Immigration is the answer. It's a shame you know the problem but are unable to admit it. So with people like you around voting I suppose this problem won't go away sooner. You'd rather hinder your own life and lives of your family than admit the problem. Good luck to you, can't be easy.

[@ByronHawk]

Buy to let landlords mortgages are going up so they gotta put the rent up or evict and sell up!

[@auro1986]

why? bbc

[@rpelletier2771]

Greed and zero regulation or oversight

[@samcalvinist4986]

Because Demand is way too high and Supply is less. There are way too Many People in the Country because of Mass Immigration and number of Available houses are less, so Naturally Rents will be high, and its going to increase more, if more people enter the country.

[@fintamaria2429]

Greedy landlord and immoral governments are why😢😢😢😢

[@ChristopherMikrowelle]

I live rent free in peoples head.

[@j7ech402]

As does Trump

[@JohnCSmith-lp1qr]

​@@j7ech402and Putin

[@voiceoverguyharris]

Really great and nice to have it all broken down. This needs to get out to the masses. Thank you BBC!

[@seanrm]

Jesus, John Craven's Newsround was more in-depth than this nonsense.

[@mylon5227]

There's alot of factors but i guarantee you the biggest factor is greed it will go bang at some point you can't expect people to pay extortionate rent especially when they cant afford it the government's plan is to force young people or independent people to stay with parents or live in shared households to free up some housing the reality is there is going to be a huge homelessness crisis they are creating more problems rather than solving them end result rich get richer and the struggling have to struggle even harder

[@shinyshinythings]

And here I thought the BBC News did news.

[@sherandeputt3158]

What's the need for so much immaturity. It isn't really a happy topic

[@AGoodGiggle]

Short Answer: Greed and Yes

[@michael2275]

Nope, bad policies and gov't corruption. There's no such thing as greed in a free market, just the market clearing rate...you've been brainswashed.

[@AGoodGiggle]

Send that douchebag Putin my regards, Kremlin-bot.

[@dondoodat]

Rent is the biggest tax the poorest pay.

[@stjbarbero5]

This is ridiculous

[@public.public]

Billionaires offshore their social responsibility taking money out of circulation forcing governments to borrow more from the billionaires at a cost to the population to put money back into circulation for the billionaires to repeat the process. Inflation is greatest when wealth difference is greatest.

[@tastypymp1287]

They don't have any social responsibility. That's literally a commie social construct.

[@public.public]

because billionaires, all of whom offshore their social responsibility, are not taxed.

[@tastypymp1287]

They don't have social responsibility. None of us do. That's literally a passive-oppressive social construct.

[@ydnallah1541]

“Rent boys” are getting increasingly expensive too, might have to look at “mortgage men”

[@susanwestern6434]

Serco and Clearsprings etc, offer landlords guaranteed high rents to house illegal migrants. With the ever increasing amount of them, and Labour blocking their removal, obviously supply is decreased to UK people. As the rent for these properties is paid for by UK taxpayers, as well as all the utilities, broadband etc. All the repairs and renovation are too. A case of follow the money. 💰

[@dondoodat]

Total and utter nonsense. Labour are not blocking removals. The law states that asylum seekers cannot be removed until their claims have been processed. The Tories have cut the department's that do the processing. The rent is being paid out of the Foreign Aid budget, so its actually costing projects we have in other countries that keep refugees in the nearest safe country to where they have come from, it is not an extra expense coming from extra taxation. Nice try.

[@FoodwaysDistribution]

the usual cretin with the pointless comment.

[@susanwestern6434]

@@dondoodat All those lawyers enabling the migrants to endlessly challenge the asylum decisions. With some illeagally falsifying reasons for migrants to claim asylum. The Labour Party that does not support discouraging migrants as they come from war torn France. The Labour Party does not support the UK citizens.

[@Stikibits]

Greedy landlords and immoral governments are why.

[@HouseholdDog]

That's not an explanation. Landlords have always been greedy.

[@TwoShot.]

Get a job and a mortgage you hippy

[@raijinenel3116]

immigration mate.

[@tastypymp1287]

​@@HouseholdDogAnd governments immoral.

[@2525Hudson]

Shared ownership........... Run, fast and far.

[@Mimix476]

Seriously, BBC?!!

[@bijouburns2740]

Red buzzer, emojis, "game"ifying everything - definitely catered to a certain crowd. Lol.

[@stevenicol1]

Officially 8 million more people in the UK since 2000, the real figures are probably much higher. That's the reason.

[@dondoodat]

Officially governments not building the quota of houses they keep promising and never doing it for decades. And longer life expectancy.

[@j7ech402]

​@@dondoodatHead back firmly in the sand Don

[@dondoodat]

@@j7ech402 So you don't have any facts ? Ok.

[@stevenicol1]

@@dondoodat let's build over all our countryside, who cares about open spaces and other creatures. I bet you think of yourself as caring too. Oh the irony.

[@dondoodat]

@@stevenicol1 Your argument is absurd because you don't have any actual facts. At no point have I suggested such a thing. More land in the UK is used as golf courses than housing, maybe we could start there. We also can build upwards, what's wrong with a few skyscrapers ? Be rational. I bet you thought you had a point. Oh the irony.

[@Allen667sjja]

Should’ve been a f landowner

[@ChristopherMikrowelle]

That’s why I live under the bridge. It’s for free.

[@JohnSmith-fz1wh]

It won't be for long.

[@benjamindover4337]

If you look up Hype Beast in the dictionary, this video intro plays.

[@maushamsheling3374]

Because of overpopulation, immigration.

[@curiositycloset2359]

Nothing to do with millions upon millions of migrants. Nor anything to do with cerco being paid by the government to house them. Listen to these guys, they are telling you the truth, what I said above has absolutely nothing to do with soaring rents

[@dondoodat]

You obviously want to blame immigration for everything and that's not factually correct. Take your blinkers off.

[@Iybraesil]

Correct it's nothing to do with migrants. It's to do with people constantly voting for the UK-hating Tory scum

[@JohnSmith-fz1wh]

@@Iybraesil Labour are actually worse than the Tories but they are both puppets of the UN, WEF and Klaus Schwab has admitted that.

[@briaredpath9386]

Greed 🤷‍♂️

[@SenatorAgrapa]

How many slaves did England take from Africa? Britain was the most dominant between 1640 and 1807 and it is estimated that Britain transported 3.1 million Africans (of whom 2.7 million arrived) to the British colonies in the Caribbean, North and South America and to other countries.

[@JohnSmith-fz1wh]

You can thank the Royal family and the Rothschilds. Most English people had nothing to do with the foreign slave trade, and most were basically slaves themselves.

[@andymac7584]

"Take"? Lol no, the slaves were sold by fellow black Africans. Also thousands of British sailors gave their lives fighting to end slavery, a practice the Portuguese were doing 100 years before us and 100 years after. How many Cornish slaves did the barbary pirates take? Do you care that more Africans are enslaved today than went across the Atlantic? 🤡

[@sebastianguerre6868]

It should be remembered that the African slave trade was just that, it was Africans enslaving other Africans although it's true that the Europeans did buy some of these slaves from the Africans. The British Royal Navy fired missiles at Lagos in Nigeria to try and stop them taking slaves. It didn't stop them but it's stopped them exporting slaves by sea.

[@brettjohnson4321]

What a waste of time. Can you actually do a deep dive with professionals and researchers instead of influencers. Talk about a nothing story. Hey lets talk about this subject that is affecting millions, but we make a game out of it and really just sit on the fence. Oh landlords want to make money... and here is the problem.. housing as a commodity

[@paulgates4083]

i tried watching this drivel but could only manage 2mins. this is our licence fee people..think about that

[@TheCommunicationCoach]

Greed. Get a clue.

[@raijinenel3116]

immigration. sheer numbers push up rent. supply and demand, simple

[@dondoodat]

No. Not that simple at all.

[@JohnSmith-fz1wh]

@@dondoodat One million immigrant are arriving every year. If you think that is sustainable you are beyond help.

[@dondoodat]

@@JohnSmith-fz1wh One million are not arriving every year. Why do you insist on tagging me to spread your dishonesty ? You're just humiliating yourself.

[@JohnSmith-fz1wh]

One million immigrants are arriving every year according to the governments own figures. If you think that is sustainable you are beyond help.

[@dondoodat]

@@JohnSmith-fz1wh One million immigrants are not arriving every year. Your fiction has nothing to do with any government figures. If you think anyone is falling for your disinformation you are beyond help.

[@notjustforhackers4252]

Overpopulation... and the fact the average UK wage is not enough to buy a home.... arguably this is also down to overpopulation. End of conversation.

[@dondoodat]

Only 6% of the UK is used as housing and our economy is shrinking because we don't have the workforce. End of conversation.......?

[@dondoodat]

​@@BrianBadondebowl 6% is not a lot at all. We also have the option to build upwards without building outwards.

[@notjustforhackers4252]

@@dondoodat Yes interesting isn't it, see this is how it works. Houses are not built because those who already own them will see theirs de-value, this will not get votes. Those that are built are not affordable unless you're an investor/landlord. The majority of wages then goes on rent, without 'disposable' income the economy shrinks as people are not buying 'stuff' or using services.... and so it continues. You know there was a time the BBC would have been saying "people can't afford their mortgage".... now its rents....next its tents? The cost of housing is having a larger negative effect on the economy than any other factor. All so wages can be kept low and they can get three for the price of one. I'd sooner see the economy shrink than allow the current structure to continue. I stand by what I said, overpopulation and the abuse of workers both foreign and domestic for profit.

[@dondoodat]

@@notjustforhackers4252 Rents are going up because mortgages are going up and it's a sellers market. We aren't overpopulated when businesses say they can't expand or even maintain themselves because they can't get workers. Shrinking the economy won't make housing cheaper.

[@dondoodat]

@@BrianBadondebowl We need a decent sized economy to pay for everything, our country only makes income from exports. If we don't have the workforce we don't have the exports, if we don't make money how do we pay for public services, our armed forces, schools and hospitals, pensions and benefits ? Nature is lovely and needn't be affected, but money doesn't grow on trees. Our country hasn't been self-sufficient for food for nearly a century.

[@msongs]

not much useful content just frivolity

[@TwoShot.]

So many rentoids complaining Just get a mortgage 😂😂😂

[@profoundclarity8497]

Happening all over the world ..maybe when 35% of people are living on the streets...theyll decide to fix things

[@JohnSmith-fz1wh]

They want to reduce the population by 95% and leaving them on the streets to die is just one of their methods.

[@matthewb.7172]

More like, they’ll be beheaded and dethroned

[@matthewb.7172]

Not in that order

[@michael2275]

Vote left, get unaffordable rent with a 20 year delay...that's how it works...policies like rent control that people think are the solution are the culprit.

[@dondoodat]

We don't have rent controls and rent is out of control. So how can rent controls be responsible ? It's not logical.

[@marvintpandroid2213]

Cope harder. Thatcher gave away the council houses and prevented the councils from replacing them.

[@tastypymp1287]

​​@@dondoodatOk Spock

[@tastypymp1287]

Who are these pair of anchors?

[@goldfinga786able]

Ever believe what bbc tells you

[@user-fed-yum]

Two minutes in, and zero content. I'm out of here. Get yourselves a new producer, BBC. This is a nothing burger video.

[@barneymagee3285]

Just got my electric and gas bills in, I must say , it’s jolly well worth it to support lenski, jolly jolly well worth it, Slavva. Slavva, and all that….

[@JohnCSmith-lp1qr]

😂 Zelensky and the gang appreciate your sacrifice. Stay hot 😊

[@Bungle-UK]

The massive growth in population through immigration, that the BBC supports, hasn’t helped one bit.

[@public.public]

The massive growth in billionaires and the massive growth in empty second homes has way more to do with it.

[@JohnSmith-fz1wh]

@@public.public One million immigrant are arriving every year. if you think that is sustainable you are beyond help.

[@tastypymp1287]

​@@public.publicBollox.

[@SteveNinetyski]

​​@@JohnSmith-fz1whDo you know the difference between immigration and net migration? If I have 6 lemons, and someone gives me 6 lemons, but I give 5 lemons to a friend...do I have 12 or 7 lemons? I used lemons as it is what I suspect you might be. A sour one, and a thick one at that.

[@JohnSmith-fz1wh]

@@SteveNinetyski You don't seem to know anything about demographics. Stick to video games or Hollywood movies.

[@American.Patriot.]

America sure lives rent free in Europeans' head 🤣

[@dondoodat]

America has been responsible for over 70 invasions of foreign countries since WWII and has military bases in every country deemed an ally. If anyone is living anywhere rent-free, it's Americans. BBC lives rent-free in American's heads.

[@3rdmm]

So you're living free and easy?

[@JohnSmith-fz1wh]

@@dondoodat You are usually promoting all of NATO's illegal wars. Hypocrite much?

[@dondoodat]

@@JohnSmith-fz1wh I've never once promoted any war. Troll much ?

[@JohnSmith-fz1wh]

@@dondoodat You are always accusing people of being a Putinbot so you are obviously a liar.

[@hourbee5535]

Give more of what we have to Ukraine so the rents will come down.

[@dondoodat]

So you support Putin invading where he likes when he likes ? Wow, that's quite an admission.

[@JohnSmith-fz1wh]

@@dondoodat US/NATO started the conflict in 2014.

[@dondoodat]

@@JohnSmith-fz1wh No.

[@JohnSmith-fz1wh]

​@@dondoodat That has been proven.

[@dondoodat]

@@JohnSmith-fz1wh It has not been proven at all, by anyone. You never tell the truth. Why is that ?

[@tonysherwood9619]

Ask Mr zelenskyy - he has houses around London and the rest of the world!

[@dondoodat]

Putin has looted Russia and owns many houses.

[@JohnSmith-fz1wh]

@@dondoodat You are promoting war again.

[@tonysherwood9619]

Where has my reply gone - was my comment too truthful?

[@dondoodat]

@@tonysherwood9619 Given your first statement it's highly unlikely your second one was 'too truthful'.

[@ramyagoncillo]

Top much formality, get to the point.

[@ramyagoncillo]

Why are BBC Corespondors now a days so weak charactered, and that could of been explained so much better.

[@ramyagoncillo]

Top much formality, get to the point.