Rental crisis: Young people struggling to find homes, some forced out of big cities
Вставка
- Опубліковано 12 лис 2022
- Many private tenants are already having to spend more than a third of their income on rent - and tomorrow the Mayor of London is holding a crisis meeting warning that thousands of people could be left unable to pay.
(Subscribe: bit.ly/C4_News_Subscribe)
Rents are rising by record levels across the country - and on top of the soaring cost of living - that could leave more and more tenants facing homelessness this winter, as Mojo Abidi reports, from Manchester.
-----------------------
Follow us on Instagram - / channel4news
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
@@hasede-lg9hj Could you kindly elaborate on the advisor's background and qualifications?
I won't pretend to know everything, though. Her name is Melissa Rose Francks but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
In The Netherlands there are now rules so that homes in the more "affordable" segment can not be used as an investment. So for example in Amsterdam, when you buy a home under 500k you must live there yourself for at least the first 4 years. This is at least an attempt to prevent investors from simply buying up everything and renting it out. Also the stamp duty is much lower when you buy to live rather than buy to invest. In The Netherlands the practice of buying as an investment is called "milking homes" and is really generally frowned upon, although not illegal, so this and other experiments in law are undertaken to make this more difficult to help keep things relatively affordable.
Can you see the flaw?
That is a good system
Netherlands is a degenerative country: there is no need to hate landlords/investors. These policies are contributing to a massive housing shortage in the Netherlands, so Dutch people should be careful what they wish for. Don't discourage investors, then complain there's nothing to rent!
@@georgewitten8717 No there is no flaw because the renting market itself is highly controlled. About 40% of all homes in Amsterdam are in the social segment, that means rent
not a bad idea
The irony of someone standing in front of his Lamborghini trying to convince how he isn't cashing in...
Sebastian is one example of a greedy wealthy landlord, he's positively gloating in this interview...
I anticipate a housing market downturn due to the numerous individuals who purchased homes above the asking price, even with favorable interest rates. Despite the low rates, many are now at risk because they lack equity. If housing prices continue to decline, they may face difficulties selling or even risk foreclosure if they can no longer afford the property. This scenario is likely to impact a substantial number of people, particularly with the anticipated surge in layoffs and the rapid increase in the cost of living.
Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not a financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Indeed, diversifying a $380,000 portfolio across various markets with guidance from an investment coach has proven fruitful. You've managed to generate a net profit of over $790,000 through high dividend yield stocks, ETFs, and bonds. That's an impressive achievement.
Can you suggest the investment coach you've been using? It appears you've had success with their guidance.
My advisor, Stacey Lee Decker, is a highly qualified and experienced professional in the financial market. She possesses extensive expertise in portfolio diversification and is widely recognized as an expert in her field. With her years of experience, she proves to be a valuable resource for anyone seeking guidance in navigating the financial market.
Stacey really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
Either that landlord didnt see the irony of defending landlords that are cashing in on people whilst standing in front of his lambo, which is disgusting, or he did see the irony, but didnt care, which is horrible.
My guess is the former, not sure he understands what irony is.
This is high-end landlord most landlords are not living like him
Great from the reporting team to quietly show it off
@@chbry1050 But they are doing the same things to their tenants, nonetheless - which is force tenants to absorb increases in costs associated NOT with housing but with their personal quality of life
The landlord you're referring to, was a developer, before he switched to becoming a landlord.
I'm sure he already had a Lambo before that.
wow...i mean wow....In 1995 I paid no more than £35 a week as a student, (Lager was 70p a pint,) Had a full grant at uni, moved to a big city , got a job , claimed Housing benefit when I lost it aged 24, , lived in a nice area for £40 per week working part time afterwards, now I own a business that`s been going 17 years. I grew up on benefits and in council housing. None of this possible now. There`s no way that I could be where I am now - if I was a student now. I really feel for the young people in this video. This is shite. This is no future.
A dark unimaginable evil descended on this country in 1997 and changed it forever.
@@woden3894 which was? Tories?
Inflation is caused by money supply expansion. The money supply is the problem.
Thatcher created a rentier class and then stopped building social housing.
You Brits have it easy. You have nothing like the student loan debt we Americans have.
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my $150K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $330k in net profit across high dividend yield stocks, ETF and bonds.
@@TomD226 Do you mind sharing info on the adviser who assisted you?
I receive guidance from coach Laurel Dell Sroufe, who possesses extensive financial market experience. While others may prefer different approaches, her strategy has proven successful for me, as evidenced by my results. Specifically, she offers valuable insight on entry and exit points for the securities that I concentrate on.
It's also happening over here in brazil. Cities like san paulo, rio de janeiro and florianopolis are unaffordable to someone living on minimum wage
Get a better job then.… you’re welcome
It always been
OH GOSH, MAJORITY OF THE UK IS WHITE BRITISH, AS A RESULT MAJORITY OF PEOPLE IN NEED OF SEREOUS HELP ARE WHITE BRITISH, WHY DOSE THE UK, ALLWAYS PUT EITHER WHITE WOMEN OR PEOPLE OF COULOR WHEN TALKING ABOUT STRUGGLE AND CRISIS, LISTEN, WHITE BRITISH MALES OF ALL AGE GROUPS ARE SUFFERING STRUGGELING AND UNABLE TO TAKE CARE OF THERE FAMILYS MORE THEN ANY ONE ELSE IN THIS COUNTRY, BUT THE UK IS TO PRIDEFULL TO ADMIT IT AND SHOW THE WORLD THAT MEN IN THE COUNTRY HAVE HIT ROCK BOTTOM. They Need Help show the world
@@kevincowan2639 useless advice :/
Minimum wage nowadays means the minimum to survive on food and drive to work and sleep in your car. Minimum wage doesn’t cover any sort of housing anymore. MAYBE a bunk bed in a room shared with 4 people but then isn’t that how slave’s quarters were set up? Minimum wage has regressed us to living like slaves.
3:41 He is litterally on another planet! Loved the focus on the Lamborghini badge as he said that, editors obviously knew he was taking the mick.
I know how can you justify increasing rent as an excuse for inflation, interest rates & your Blatantly standing next to Range Rover & Lambo ??
Brilliant!
@@mokhanx9080 well bc inflation also effects the costs of their services too. They have many things to deal with. Remember you are renting but it's the landlord who pays off the mortgage meaning as interests rates increase so will his costs.
Even things like buying new machinery/ furniture for the house is expensive.
I'm not trying to side with him but people never actually know what goes into being a landlord.
@@tawanamufasa291 nothing worse than people who stick up for the rich be it landlords, investors or billionaires … 😬🤧regardless these people don’t need more money there’s no need for them to keep increasing rent economically it’s not like they’re gonna end up on the street the way they deal with people. Many of us do know what it’s like lol we watch documentaries some of us even know such people and so I’m sorry but you can’t come try spin this so we look on their side … most landlords don’t just have the one property they let they have a few and that’s just the small scale landlords regardless they can live they are not suffering paying for furniture refurbishments or whatever you tryna say. Some of these rentals are extortion plain and simple you can’t justify it.
@@obibraxton2232 it's not a "spin", it's simply fact that for the business to be viable as a landlord, the rental income needs to outweigh the mortgage payment, ground rent, management service charges, income tax, and reserves for repairs on building and white goods. From point of morality I agree with you - given the housing shortage, I think landlords should therefore sell their properties, which would open up more houses for first time buyers. If they want to invest somewhere, they should fund more build to rent schemes which would at least increase the number of homes physically available.
I'm a Polish immigrant who's been living in the UK for years and i absolutely love this country, but at this point me staying in Britain means I have to accept a lower living standard than I would have living in Poland; how absurd is this, considering how in the 90's when i was a kid, my mother - working as a government official - made about 50-75 dollars a month, and 30 years later here we are.. absurd. I'm not planning to leave anytime soon simply because this country is my home, but it's bizarre how i left Poland for UK to escape poverty and now people are migrating to Poland for a better life.
isnt the polish government and their people racist ?
The UK is a good place to live if you have enough money. The problem is the high cost of housing combined with low wages. I guess the advantage of Poland these days is slightly lower wages but much lower housing costs? The UK has also been deindustrialising continuously since the 1970s whereas Poland has been going in the opposite direction since joining the EU. Ironically in the period you have been here many factories have shut down in the UK and relocated to Poland. I always look at where stuff is made and I have noticed that a lot of things that used to be made in the UK, Italy, Germany etc are now made in Poland.
fcoff
I hope the British take to the streets
This is what brexiters and boomers voted for with successive Tory governments and brexit. They voted for us to be poorer than places like poland
We have this problem all over Australia at the moment. Wealthy people bought holiday properties and many moved from the cities during Covid. Airbnb is killing the tourist towns as locals can’t afford to live in them which has lead to businesses closing because they can’t find staff. Governments need to impose limitations in regards to holiday accommodation on people who own multiple dwellings.
USA we have similar issues. Home prices are so high that some businesses buy homes and turn them into room rentals for their employees. This wasn’t done out of the good of their hearts, but to have safe, clean, reasonably priced housing for lower wage employees.
*Welcome to New Orleans, Louisiana, problem since 2005.* #PostKatrina #transplants #airbnb #nohousing
@@kenyonbissett3512 sounds like slavery is back, maybe they will provide some food as well
@@realfreedom8932 American slave owners after the civil found it was cheaper to just pass laws to keep people poor and living on the edge. That way they don’t have to provide food, clothes or shelter. Or the shelter for many ex-slaves was Prison and they got slop for food, stone walls and cheap dirty mattresses and required to work for that food, shelter and jumpsuit. Freedom wasn’t free.
@@thinker8128 Its not that, its that they are killing coastal tourist communities by outpricing people who otherwise would be working in service jobs in said towns. There are places with single digit available dwellings. It is actually an issue maybe come have a look for yourself
I've lived in London my whole life and lucky to live with my family in a council house, for now. I have been looking to move out, the only decent affordable places, that also accept pets are all outside of the city. London is a joke, so is the transport. It also makes me sick to see tiny boxes or crappy rooms in house shares going for anywhere between 700 to over a grand pcm. Daylight robbery.
I am a working professional who lived in Liverpool council housing for 280ppm all inclusive. I was doing a PhD in Applied Maths and computing. I quit it after 2 yrs and found a job at UK's crown jewel semiconductor company in their Manchester office. Moved to a 2 bed 2 bath adjoining city centre for 1150 ppm. This year, they lost some deal and fired a 1000 employees me including. I then found a job in London for same salary. Tried moving there but the bloodbath in rental market was appalling. Managed to find an unfurnished 1 bed 1 bath in North Maida Vale for 1712ppm. Gave them a holding deposit but moved out of the deal at the last minute with cold feet about short and long term expenses. And mind you I'm on a 4K ppm salary. The plan is to save to buy a house, but back in Manchester, landlord increased the rent to 1200ppm as well. Seems like this country is indeed going crazy!
Thinking of finding a job in Milan. People will blame Brexit for everything, but not look at how many Chinese investors have propped up the property market, how many council houses have now gone over to migrants housing, that UK's population rise is going off the charts. People are blaming Industries shifting out of the UK, but on the contrary, the digital, aviation and other high tech sectors are the strongest in UK amongst most other G7 nations from EU.
And I'm writing this as an Immigrant myself. This country is going to rots, because of trying to balance to very extreme ends of spectrum. One end, is the ultra rich or high middle class tech sector workers, and the other end is hourly wage workers full of migrants as well. People suffering themost are lower middle class households. They are trying to avoid falling off the cliff while still aspiring to climb the ladder out of their misery.
@@suyashneelambugg Milan sucks big time! There are Better cities in Italy! Torino,Genova,Firenze,Roma etc
Having pets makes it harder to rent.
Buses are cheap in London
I currently live in Manchester and have recently accepted a job offer in Uppsala, Sweden (about 40 mins train ride from Stockholm). I looked up rental prices in Uppsala, fully expecting it to be substantially higher than Manchester (given the proximity to Stockholm, and Sweden being expensive in general) - but I was pleasantly surprised to find that rent in Uppsala is about 30% cheaper than in Manchester!
The fact that moving to Scandinavia can now save you money (at least on rent or property) should be a wake up call to the UK...
Crazy indeed. I lived in Uppsala a few years back. The issue is finding a place to live there and the atrocious second hand renting market. I was extremely lucky to be paying around £550 a month for a really nice flat in thr centre but a friend of mine was paying double that for somewhere smaller due to the secobd hand renting market.
On the whole though, yes id say Sweden is generally cheaper. You also have far superior building standards. You wont be shivering away and paying a fortune for power in the Swedish winter. Their buildings are actually decent. My boyfriends Swedish and often remarks his coldest winters have been in the UK because of the terrible insulation. I miss Sweden. Brexit has unfortunately made it far harder to escape the UK.
@@FullMetalFeline Thanks for your insight!
~ though the population headcount and density are worlds apart..
Chalk and cheese.
@@FullMetalFeline well youve had 35 years under EU free movement, and 6 since 2016- in your place, i would have been in ireland working straight off to get a paddy passport, or on language courses of ur target country.
Dont mention the leccy prices in sweden though?
Mine is $93 aussie dollars for 3 months a roof fulla solar, hammering the a.c. and devices. 350 days sun per annum.
Hope you can have a wonderful future there it brings u huge success
I enquired about a rental a while back that had 100+ people waiting to hear back for a viewing. Absolutely insane.
It's morally degrading seeing how things are going in this country. I am an Italian been living in the UK for the past ten years, did my studies here and remember telling myself that one day I'd be able to afford more. Well, no. Things have got even worse. The fact that this country is completely left in the hands of greedy investors and private sectors is disgusting. This is kind of happening everywhere in Europe to be fair but especially here. There's no more room for the actual people, all is screwed in its very foundations.
You have an option that most of us don't...
When houses became investment opportunities not homes, it was gonna end up like this !!
Thatcher created a rentier class and then stopped building social housing.
So work a job build credit and get houses and rent them it's not hard why u complaining
@@worldwalking8007 troll tw@
Property has always been an investment opportunity. Money in construction, money in rental income. None of this is a problem at all. The problem is our planning system and lack of building and high immigration. It is the supply of new homes that is the issue. Landlords mostly by central flats, not suitable for home owners. Their impact isn't that great, but we only delivered 37k homes last year. Their target is 200k. Immigration 225k.
Illegal immigration is a big problem too .
The country is going down the drain.
Its been going down the drain for years, now it’s in the sewers!!
It’s not just the uk, it’s everywhere
@@user-ib9ky2jo9h its mainly the uk though.
🤣🤣🤣
@@user-ib9ky2jo9h Most of Europe is doing relatively well
When I was at uni many girls slept with their landlords out of desperation and couldn’t afford rent. When we had an increase in student finance, landlords up’ed their prices. Land lords are scum with no morals. Any excuse to take your deposit as well. So sad and made life so so hard.
🤮
?!
The fact that they were all coked up or stoned I don't think they really noticed or care I bet 🤣
get yourself a tent
Time to became a landlord then 😂
I loved that camera pose on a Lamborghini. Because while we are told to sympathise with landlords and bankers they spend the money they get from ordinary people on Lamborghinis while the ordinary people are struggling to buy food and pay their gas bills. Well done, channel 4!
@@johntbaxter If what you are saying is correct, then there should be fewer landlords in the UK and more homeowners.....
But how does everyone have money for a night out every week
@@johntbaxter There is no profit at all? Tenants literally pay off the mortgage for you (as well as a little profit on top usually) and at the end you get a property worth hundreds of thousands or more. For doing what? Calling someone to fix something when it breaks which many landlords use letting agencies for anyway.
It was perfection
@@trippingwithak Not everyone, but you think that anyone who goes out for a night out should pay more rent? What kind of BS justification is that?
You must find it terrible that not every tenant pay every last penny to their landlords.
Love the camera shot of that landlords Lamborghini as he says landlords aren’t cashing in during this time 🤣
I smell a rat there, If I was a landlord sure wouldn't show off my Lambo, a taxation Office nerd might take notice...
@I AM problem is people have jobs but they aren't able to get things they could 5 years with it
This has been a Worldwide issue smh
Very frustrating around the world , people can’t afford to live where they work , and on and on
People are unable to afford to live let alone a roof above their heads.
@@user-gz4ve8mw9l on a more positive note people are re thinking their lives . New ways of earning a living , housing , educating themselves , new ways of spending and consuming , the old system is falling and it’s going to be messy in all the rubble for awhile , god bless
After 6 years of living in uk , i prefer to go back to my home country . I feel much poor lately living here then when I was living in my 2nd world country . Unfortunately uk is going down . Feel sorry for people who doesn’t have another choice .
Where are you from?
so many of my Polish coworkers moved back to Poland as they are now better off at home
@@LDNpat Glad to know. I have avoided UK from the list of countries I should immigrate.
@@Fan-zx1lz I wouldnt move to UK unless you can make at least 50k a year and very few jobs pay that much
@@LDNpat Ok. So highly skilled jobs Pay more than 50k / year
I went to uni in 2009 during the last financial crash and commuted 3 hours every day to get to class, and that’s when I could afford to go. I couldn’t afford to move to the city I was studying in, and applied for uni knowing that. I missed over 10% of my classes because I couldn’t afford the bus to get to class in the first place. I worked part time around my classes but my parents helped me so much as I lived at home and they helped with commute costs. I’d never have been able to go to uni off my own back, and now it’s even worse for students.
Since you lived it. Do you think it's worth going uni during a crisis o find a job?
What are you doing now and where are you in life?
@@karag4487 it’s absolutely worth it. The chance to study a subject that you are passionate about alone is a privilege. I have also found that a degree opens a lot of doors (that’s not to dismiss experience), however a degree in and of itself is of value. Many people don’t end up in the fields they studied as they are too niche, or there are no job openings, and this is where grad schemes come in. People should not let the inability to have the ‘Insta or TikTok uni life’ put them off.
Edit: I wanted to drop out probably 100 times during my degree due to having very little money, I didn’t go on holidays during the summer to Thailand, I didn’t go backpacking around Europe, I didn’t go out and get shipwrecked during freshers’ because my last train home was before the clubs even opened, and to this day I haven’t used a snapfax. It wasn’t all great and they were probably some of the loneliest days of my life, but it was worth it.
@@Gates2Aion I now work for a corporate in a senior position having found where my strengths lie in my third year of employment in the industry I studied in. I spent the first couple of years in graduate level jobs figuring out which part of the industry was for me, this was stressful as coming from a background where not many family members went to university, my knowledge of the job market was limited. I eventually found my feet and I enjoy my job for the most part. I am 31 and still renting in my seventh year in industry, as only last year did I start earning enough money to allow me to put some money into savings for a deposit.
Edit: I don’t drive as I moved out as soon as I could feasibly afford to and had to make a choice between that or having a car. I haven’t been abroad since the last holiday with my parents. I don’t have kids and probably never will as I couldn’t afford to have them in the timeframe I’d ideally like to plus allow myself to to do some of the things I haven’t yet been able to for financial reasons, e.g. buying a house, having holidays, and getting some return on the hard work I’ve put in before having to put kids first.
@@NocturnalViolet Respect for your efforts and achivements. Sometimes you can't have all the things that you'd like but as long as you are comfortable and have no regrets of the choices you have made, thats the real value for me.
Hats off to the production staff choosing to film the landlord on his extravagant property. with some choice shots of his cars.
Look at that poor landlord, he's only got one Lambo :((
And a Range Rover.
cynical thatcher relic. rampant racketeering.
Go get one yourself why you hating
@@worldwalking8007 i already have 2
@@worldwalking8007 hes already got 2, why you hating?
How to be rich:
Step 1 - become a landlord in UK
Step 2 - rip off tenants
How to be REALLY rich in the UK.
Own a 4 star hotel. Wait for the Home Office to give you a call and offer you insane amounts of money every week/month (tax payers money)
To bad, get a better job
And this is exactly what us shown in this document..
@@tomjones8715 sorry mate I don't live in the UK. Iv been there before the whole place made me feel depressed it was always grey and wet. Couldn't wait to leave to be honest and I won't be coming back.
Step 1.5 - Becomes a politician.
Similar situation in Canada 😞 I want to move out so badly from my parents home, but financially, I can’t… This time period stinks
The USA have some cheaper states like Wisconsin and Minnesota you can find 1 bedroom for $600-$800
Same thing happened in Cyprus , Malta,Spain. Buying a property is not possible at all. Renting also skyrocketed and still some older people think they had it worst . Imagine working your whole life just to be able to rent and save some money for your kid , but nothing special
Portugal has a similar problem. More and more rich foreigners are buying properties there and some Portuguese citizens are struggling to find accommodation.
The government need to step in and regulate the renting market. Homelessness has increased. Renting in the UK is unaffordable for hardworking people. We need more affordable homes
Regulate rent while increases rates would put landlord on red. It means many would have to sell, that would reduced further the pool of rental properties hence drive up demand and cost of rentals.
@@keirenle maybe but without serious efforts to overhaul the planing system ( essentially just giving NIMBYs the middle finger in response to every complaint). Or regulation what’s to stop housing prices rising to such an extent that everyone who doesn’t own, even those of average incomes and above are forced into abject poverty?
If this happens mass layoffs will take place and the uk will head into decades of recession until the overinflated housing market is corrected. By the turn that happens the damage to the rest of the economy will be almost irreversible. It’s all well and good the government using housing prices to artificially increase GDP figures but when a majority of your GDP comes from housing there is no money left for your country to actually do anything productive. Housing is slowly eating the rest of the economy and is a massive bubble. If the government lets this continue and the bubble pops there will be nothing left to full back on. The uk economy is increasingly becoming a smoke and mirror show where the only value is perceived value and speculation rather than actual productivity.
Clever speach Abby. But at this moment government do nothing to help people. Even if want they cannot. May I advise you. Make new friends and find other location to live. Like other Britons. Here in Poland not only can cheap rent home. But also buy it. I purchased after savings earn in Germany.
I love the quick ironic shot of the Lamborghini badge whilst the Landlord was blabbing.
Me too because we can tell he's rich. Im jealous of him.
I live about 20 miles from Manchester and life is ten times easier, I go to Manchester once a month for a drink or a bit of shopping but other than that I've had enough, I get the feeling they want ordinary people to move out, like they've done in london
Agreed myself and family are fleeing manchester asap because we just can't afford to live here any more. That and it's just full of whingy people like in london. I was shocked how nice people were and how cheap living was and how many jobs there were away from the city!
We moved from the villages to the cities first, so it’s not all that surprising that there is now a reverse of that.
As a 26yr old male I've been homeless for 2 years around West London near Heathrow, Only recently managed to obtain a tenancy, things are getting worst, been to property views at least 5 times a week, and most places only state female only or over 35, I thought there was no discrimination but clearly that's not the case.
Dang, and it's not like you could just hop on a ship and go colonize some people on the other side of the world to take their stuff. Sucks to live in this era, huh?
Discrimination that is. Sickening really.
homeless with a i phone ok
@@user-jy8gx5ky4v That's the new homeless. People working full-time but who cannot afford or find a place to rent...
Let's put it this way, my mum bought our house in 2000 for 30,000ish, now it goes for 275,000. That's what we're facing
Glad she bought back then!
Funny isn't it how ever scarcer land on this small island and a ballooning population (and not because the natives are having kids - they're not) makes property more expensive.
Economy
@@goodlookinouthomie1757 You do understand how the economy works right? We need to grow, the enconomy is based on growth, we don't make anythibg really we are a service economy which means our population needs to grow otherwise our economy will collapse. Complain about immigration all you want but without it we'd be going down the shitter a lot faster.
@@JNelson_ You do understand how nature works right? You can't squeeze a perpetually growing population onto a finite piece of land.
If we don't need to worry about our national population (67 million and growing fast almost entirely due to immigration which hit 500 million net last year), which is entirely growing through immigration, then when do we need to worry that the UK is full?
100 million..? A billion..?
"Line go up" is an obviously unsustainable model in any system; eventually the line hits a hard wall and since that's likely to be population vs land & resources then we're going to have much, much bigger problems than a shrinking economy.
And it's not just about the numbers. Imagining that we can import millions of people of vastly diverse ethnicities without causing the kind of tribal politics and conflict we see in third world nations is extremely naive.
Im in a full time job at 18 earning £470/month because of a pitiful minimum wage and 0 hour contracts. Rent in my area is £450/month for a single bedroom apartment. I'd be homeless or in severe poverty without my parents
If you aren’t getting enough work, your employer can’t stop you getting an additional job.
Get a second job. Deliveroo pays £10 an hour mate
*Unfettered immigration* puts pressure on everything, housing, rental prices pushes pay down.
~remember the hard times, of rice+ egg, pasta and butter, and the treat of a kebab on friday night after paying your rent when you *go to vote* next time.
In 1985 I left home. Got a b&b paid for by the state. Got a job. Moved in in life. Paid my own way. Without tgat support who knows where I'd be. The fact that you can't start life without any support will eventually destroy the Labour market in the UK.
@@joshnicholson2934 you get another job pizza boy.
It’s also happening in South Korea. I never once imagined I decided to move out of Seoul. I could afford my rent and other stuff but it changed out of nowhere since 2019 slightly… I came back to my hometown where I have no friend since I left a long time ago and now I mostly work and come home. I’m scared of living this world with uncertainty… hopefully everyone is safe and wealthy.
Born and raised in Manchester. In late 90s I had a very low wage yet could easily afford great 2 bed attic flat near the centre, with lots of disposable money after rent. No way can I afford to live in my home city anymore, I would be "lucky" to even find a shabby room in a shared house forced together with randoms for what I paid in rent then.
Greedy psychopathic landlords. Just moved out of a 7 bedroom house share last week. He even converted the lounge into a bedroom. Just ludicrous.
Until you have serious legislation in place you will continue to have dangerous landlords like him or her!
People are naturally vultures and parasites. Landlords are the embodiment of the worst in humanity and why there needs to be laws to be kind to each other.
Which should be illegal. They've been at that old game for years now and not a single law stopping them. It's the government and their complete lack of care for providing housing, you know the most important, basic need that all people have. The UK government has failed the population.
The issue is there is not enough homes per capita. If there were more homes rents would be cheaper.
So if the landlord sold up that's 7 less units on the market ,great philosophy what do you think rents will be if landlords sell up ? blame the government for selling all council houses off and not building enough you're being duped by government to pass the blame so they charge more tax an other things to landlords who in turn pass the costs on to tenants thus passing THE blame to landlords for lack of social housing which IS THE GOVERNMENTS RESPONSIBILITY
lol, landlord in his three piece suite, standing next to his Lambo! 🤣🤣🤣 singing pls sir give me some more.
Makes you wonder if he is a moron to have gone out in front of the camera like that... Most rich people are astonishingly stupid in my experience.
@M Let's ask the most underemployed, overeducated group of young people in history...
I'm a 36 year old accounting graduate, teaching English in Korea. One of the reasons I'm in no rush to return is the insane rents. A STUDIO IN CARDIFF is around 750 a month. CARDIFF. And to qualify for any rental, your salary needs to be 2.5 times the rent. Fucking ridiculous. My standard of living is much better in Korea, although I don't particularly enjoy teaching.
Might aswell become an accountant over there
Yep same for me. I moved to Japan in 2019. Rent in Aberystwyth for a rotting room with mould: £470 a month plus heat bill. Rent in Kochi Japan for a not nice room: £230 with bills. No brainer.
Sadly I got a job with a travel agency in early 2020 so my job disappeared and i had to return to the UK, but I'll be back in Japan soon.
I am a landlord but mortgage free so I never increase rent for my existing tenants. I have however sold off most of my properties because the Government have made things impossible for landlords as you can no longer offset mortgage costs, and amongst other things, you now need an electrical report every time a tenant moves out, even if its every 6 months, so it’s no longer viable. Before anyone says it, I know you can go Ltd but thats extra costs so why bother.. This is why rents have gone up. It’s not because us landlords want to increase rent but because the government have left people no choice which has increased rent and created housing shortage! It’s not greed…
Interesting seeing that landlord standing in front of his Range Rover and Lamborghini and then say things are getting tough for landlords …… right ….. My heart bleeds for you mate 🤨
You're jealous
@@asha8090 That’s the best you got? “I’m jealous”, nice try keyboard Karen.
He's not jealous you troll .
@@asha8090 shut up
Correct
I've just moved from a 2 bed house and it is back on the market for £400 more a month than I was paying . Yes landlords are definitely seeing £ sign sounds !
It is pure exploitation
thatchers diabolical legacy rampant racketeering.
I have a 2 bed property that I rent out.
Unfortunately I’ve had no choice to up the rent.
My own mortgage and insurance has increased on that property, and I also have to factor in the cost of any repairs as cost of labour has also gone up across the construction industry.
If I didn’t up the monthly payments it would be costing me to have someone rent the place out.
@@lloyd.8272 You don't need to explain yourself I would do the same.
@@lloyd.8272 so you don’t own it.
The bank does.
Sell it and let people have a property for its real value.
I went to university and studied adult nursing, now I’m a band 5 nurse earning £29.000 living just outside of London. This is impossible for me to leave my home I have to search for a better life abroad I just can’t do it here.
Go to Australia
Wooow...where do you want to move abroad?
Alberta would be happy to have you. On what a nurse earns here you can easily live comfortably.
@@jenfoster128 You can live comfortably- with a slight risk of getting shot in a mass shooting
@@JGrant60 When was the last mass shooting in Alberta?
If that landlord was 18 today he probably wouldn't be able to afford a single house
The system is made to function for the rich not for the poor.
You cannot buy a house because you can only afford to pay rent - respectfully paying other's landlord mortgages for their house you stay in.
If you have money you buy a house, if not you buy for others
100% correct it’s a disgrace!
wealth inequality in the UK 👍🏻
good job!
What other country is the system different! 😂
Some rents are far more than a mortgage repayment on a house! Even in rural Lincolnshire, which was always cheap compared to most of the country, landlords are jumping on the rental bandwagon and asking £1000 for a bog standard three bedroom bungalow, one bathroom with not even a shower attachment, wearing the pub carpet laid by mum and dad forty years ago accompanied by that purple wall which was so stylish in the ‘70’s !
socialism for the 1 percent capitlalism for the masses cough cough crony capitalism
Its same here in Lisbon Portugal. Renting a flat is unimaginable here.
Many properties are overpriced and in bad condition in the UK
True. Why live there?
100% true. They ask you to pay expensive rent in return house is in bad condition and dirty.
@@plouplou1136 truth
Uk is crowded.
Get those stuck-up tories out!!!
Yes renting privately is insane in the UK, it used to be just London now it has spread everywhere, like a disease 🦠
It is like we are living in madness! I remember a houseshare 5 years ago was £350 a month (fully affordable back then) but have doubled or tripled in price since! Everything is crazy money & the working class wages are tiny - £80-100 a day
Mortgage repayments have gone up so its everyone struggling
Students are also often excluded from properties they could afford, just for being students. When I was a student and looking for somewhere to live, lots of properties were advertised with the phrase "no students". What's left are properties that are not very well taken care of, because the landlords can get away with it when it's "just" desparate students. The alternative is expensive student housing, where you don't get much space for your money.
Try Lincoln. The entire city has been made over to student properties!
No one wants students when students trash the houses and leave more damage and more money putting back into the house. Students are such lovely caring people aren't they 😂 90% of you drink and do drugs and don't care about anything but what you own..
To be honest if I am every in the position to rent out my flat, I wouldn't rent it to students either - most are filthy and have no notion of personal responsibility or respect for anything but their own belongings
@@bndwh3lp you might wanna be more specific about who you're actually talking about. If u wanna single out young students then okay. I don't know what drink and drugs has to do with the demographic of mature students.
a lot of studenty do drugs and destroy the property.
6-12 months rent in advance?! 😱 What is going on in the UK?!
Considering half the people trash houses and treat the properties poorly but Channel 4 won't tell you that
@@bndwh3lp because no one cares that's part of the wear and tear it goes with the job landlords want money for nothing
@@bndwh3lp Renters pay a deposit for that (which they may or may not get back) Not months and months of rent in advance. That's just extortion.
Lol shut up you mortgage mugs
Some people cannot get a guarantor that would agree to pay the rent if you ever could not ( no wonder really ) that is another reason they would ask for 6 months to 12 months up front rent if cannot get a guarantor.
As a landlord myself, When I saw the gated property with Del Boy standing in front of the Lambo I thought NO Way anyone could be that stupid to talk about landlords having it tough whilst standing in front of all those assets. To be fair, it did say he originally was a property developer, think thats worse than a LL and also thoses assests are probably on tick anyway.
My rent has just gone up £200 a month purely because of the increasing charges on my landlord's mortgage which all leads back to the government.
It's time we toke it to the streets #CivilUnrest!
Yes to this
Wtf? £200 a month? How are they justifying £2k+ annual increase?😮
@@kat284 Apparently its the landlords interest rates that have forced him to do it. I'm thinking I should speak with the citizens advice.
Rent in London has gone up by 50% in the last 3 years. Its insane
As a landlord myself , it’s disgusting how tenants are being ripped off
Have your costs as a landlord not increased?
@@lloyd.8272 no not yet ,as I have 2 years left on a fixed rate mortgage and the letting agency hasn’t increased there rates at the moment
@@billyburgess3912 That's not strictly true. What about the cause that was changed in recent years when you could write off some of the repairs, damage, etc. Now you have to pay 100% in Taxes on everything.
@@calderarecords as far as I know my accountant wants all receipts for repairs ,to reduce tax
@@calderarecords If you are in a LTD company you can offset all costs including interest. A lot of these measures were targeting small landlords holding property in their own names. The best reason for own name was, you could just draw down tax free over time without ever selling by remortgaging, you can't do that limited as you would have to pay tax on what you draw down. It's all about tax. You need higher deposits LTD and lending is more expensive.
To all whom it may concern,
We have lived in a small three bedroom council house since I was 6 years old. My mother is 56,
has rheumatoid arthritis and is in constant pain, my older brother Callum is 25 and has severe
autism.
I have been a carer for my mum since I was 7, and have had to watch this person I love so
much suffer for so long and so intensely. All this finally culminated in my mum developing
Sepsis after a long period of illness. She was taken into hospital, while I took care of my brother
myself. The council deem that in order for my brother and those around him to be safe, there
must be two people watching him at all times. i took care of Callum, by myself because nobody
else would. The support I had was minimal and all the while I took care of my family. My mum
discharged herself from Hospital, having experienced abuse in hospital in the early seventies
she feared and despised hospitals and yet she would stay there for the next two months after
she was admitted.
When my mum returned I had to move mountains to get the housing association EMH homes to
do anything to help. Our house is now falling apart on top of our heads, the walls are black with
mould, you walk out of my bedroom and you see your breath - we're not even through October
yet.
Last year our bathroom ceiling caved in, make no mistake, if somebody was in the bath or the
shower, the brick, plaster, and metal would have killed them. In response the housing
association put up a piece of plywood to cover the gaping hole - I then proceeded to have an
allergic reaction to the plywood everyday for two weeks.
A couple of weeks into my mum being in Hospital, I had a psychotic episode brought on by the
trauma and the lack of sleep. The taxi that should take my brother to his day service in Heanor
was canceled because I did not consent to my brother going to stay with an agency in derby
because he was already traumatised as it is. My brother is verbal, he is mobile however he has
the mental age of a toddler. I tried to give him all the comfort and security I could. This move on
the council's behalf to me, seemed spiteful, and it only made my life more difficult as I had to
take my brother in a taxi myself.
I dropped him off, spoke to a woman who works there who asked "and how are you doing?" I
replied there is no me - I'll think about me in three weeks. This nightmare continued for two
months and is still ongoing.
I got the bus to the hospital where my mum was unconscious from the opiates for the pain. I
then went home, phoned a few loved ones for help. And woke up looking at myself in the mirror
having slashed my arm to pieces with a serrated kitchen knife.
Now, I am desperately trying to find a place to live, I have ruled out shared accommodation
because I will need to collapse for at least a week when all this is finally over.
The social workers, EMH, and the council knew about the state of the house, they had deemed
it 'Unfit for habitation' three separate times. They knew about my mum's health, I remember
going with her to the GP in spring where he looked her up and down. She was shaking with
pain, her swollen legs wrapped in constricting bandages because of some leg infections that
would not heal. And he rejected her when she asked for a steroid injection that would stop the
pain for six months while she awaits surgery.
In the midst of my life falling apart like this, my company Mad Truth has raised £7000 in grant
funding, had it's work exhibited internationally, in New Art exchange and most recently in the
biggest cinema in Nottingham where a film I had made raised £1500 for a local homelessness
charity. This means that people will be able to keep warm this winter and feed their families
because of my work. And still we live in a house unfit for an animal, and I at 22 despite my
prospects and talent feel almost completely hopeless. I want nothing more than a new start, first
for myself and then for my family.
But to do that I have to shed light on the negligence and let people hear my story. The actions of
these people under the current system have been ignorant, negligent and criminal.
Here's an example - workers came from EMH last year, they were rude, disruptive and
unpleasant. My brother's room, which is the size of a wardrobe, had a horrific smell that
persisted for months. They made a huge deal out of replacing the rotten floorboards. The
accused my brother of urinating in the corner, and that was the reason for the damage. I was
later informed that that was a breach of the disability discrimination act. Fast forward to
September. We're on the phone to someone from EMH, when we voiced our frustration about
the smell and damp returning (despite my brother now living with the agency in Derby), the man
from EMH told us 'it's your responsibility, as the tenant, to replace the floorboards because they
are decorative'. It's unreal.
Please help spread our message, nobody should ever have to go through this. And I have no And I have no
doubt other people are in a similar crisis.
Casey
Wow. Insane. I'm very sorry
Hello, I'm sorry what you have gone through. My son has autism and is verbal but is younger mentally too. Can I ask you please how much your brother gets each month? I find it hard too and understand how it feels mentally too.
Take them to Court for the discrimination, you should qualify for Legal Aid. Speak to the Citizens Advice Bureau for help with that, or search for Solicitors that specialise in that type of discrimination claim. It sounds as though you may have a case, if successful you are likely to be compensated for that discrimination.
Hang in there, it's sounds like you are strong, keep fighting, best wishes to you all and best of luck.
What a wonderful man you've become and God will continue giving you the strength you need for your light to shine on.
Cant you take them to the property tribunal?
I was renting and each year in San Diego CA it would go up a $100 or even $200. I left and went to the midwest and was lucky to buy a house before the prices went crazy. I really understand the pain some are going through. I co-worker moved to San Diego and he paid 1 million - I can't image a mortgage like that. I've heard 2 in 3 houses are owned by speculators, this will change if the economy collapses.
The Tories will not do anything about this in the future.
@@tomjones8715 Yes, they are appeasing a large voting bloc of theirs: landlords. If a large number of houses were made or made to be cheaper for the general public it send a lot of landlords into a meltdown because their property would temporarily have less value
@@tomjones8715 Then if I am mistaken, apologies. Nonetheless, the Tories are not doing substantial projects that dramatically reduce prices to reasonable prices. My father bought a 2 bed flat in South London for 70k in todays money during 1997. It sold last year for 350k
It’s not only a lack of supply, it’s greedy scum landlords too
Or maybe it’s the gov giving away houses to people fresh from the boats
🤣🤣🤣
?? Just economics
?? its either cluelessness or sociopathy
Infected a lot of landlords that sold up over covid all supplies really down clusters and increase of new renters market that the government didn't envision with population growth
Rent control is needed now more than ever.
What about wage control to stop inflation?
@@Nickle314 what about, what about, what about.
The argument of the terminally stupid used to avoid the topic at hand.
We're not talking about wages. Deal with it
@@reecekennedy8528 You are talking about controls on prices to drive them down. Wages are just the price of work. So lets drive them down. After all that's what you are saying. You want cheaper goods at someone else's expense. There are no doubt other people who want cheaper goods at your expense.
Deal with it
The solution to not enough places for rent, is to reduce the number of places for rent?
G Fox
Unfortunately it will never happen.
It's difficult in Manchester at the moment. My landlord increased my rent by £200 because of the demand in my area. He refused to cancel the increase citing increased demand in the area. I cannot afford this and will definitely put me in the red and so I am looking for something else in a cheaper area probably on the outskirts. But even this is not easy. I may have to accept the increase and cover the extra trying Deliveroo or Uber Eats jobs on the weekends. A seven day work week.
You’ll own nothing and be happy...
Would be very interesting to see what kind of people replaced you in that property. I can guess.
Try Bolton!! No one likes Bolton but at least are the most affordable
@@goodlookinouthomie1757 yep rubber boat people! 🙄
Dude just move to Rochdale or Bolton, or even Wigan.
My heart goes out to today's young people trying to find an affordable, decent place to live. Back in the late 70's/early 80s I just looked at the Flats to let section in the London Evening Standard newspaper ( there were pages and pages of them). You made an appointment, viewed the flat, and paid your deposit and 2 weeks rent in advance (weekly rent back then). All very simple. It all seems such a nightmare nowadays. Thanks to Mum & Dad, who pushed, and pushed me to buy my own place in the 80's, I did 3 jobs to save for the deposit. It was the best move I ever made. A 2 bedroomed garden flat in Camden Town, London for £69k. It was a lot back then, plus the mortgage interest rates were 14%. However, after making a few cutbacks, and making some sacrifices, things got easier. I think if I was a young person starting out in 2023, I really don't think I would be able to cope. I really hope that things will get better, because this housing crisis cannot continue.
So they can raise the rent as much as they please?! That's all regulated even for private landlords in Sweden, if they charge too much for square meter they can end up in court against the city and ending up being liable to pay back rent to tenants.
*Uk is the wild west on rentals and property*
I'm moving to Sweden 😩😩😭😭😭 seriously can't fking take it any more here in the UK!!!
@@tomjones8715 Greed nothing more!
@@tomjones8715 why ask a question if you already know the answer?
Why are you getting so angry and upset like a child?
I don’t support anyone in government, never have and probably never will.
Everyone is greedy! Whether it’s landlords, the government, banks. Supermarkets, oil and gas companies. Everything is run on greed!
Same with everyday general public full of greed for materialism
@@tomjones8715 Still acting like a child, being argumentative. Why can’t we have a discussion like adults.
Never said anything about landlords giving free housing away.
I’ve been a landlord myself, I understand how it works.
Rent where I live three times the cost of a mortgage. I wouldn’t mind if landlords reinvested in their property and look after it but hardly any do.
More interested in taking all the money but keep on getting upset
You can see why people turn to crime just to survive..
It's like a jungle out there it makes me wonder how I keep from going under...
No can’t see why ppl turn to crime living in Britain.
If go to the council
Office do they say clewr off sleep on the streets ? Or do they put you up in emergency housing for the night whilst
They look for something for you ? Which other countries offer this?
They will also sort your out with living expenses or make up for any shortfalls if your wages are
Low.Yes you won’t live in a fancy home but you will live and if you’re savvy wit your money you won’t starve either
Just at the beginning, the next decade will be awful if you survive, people will just exist, Britain will be worse off and is already worse off than a Eastern European country, you can buy 10 houses over there for the cost of one here haha and plenty of land.We're just credit rich, when that bubble bursts better watch out, only good thing is people will return home, as the ship ship sinks.
don't push me cuz i'm close to the edge
@@thomasfromswindon7609 I’m trying not to lose my head….
@@yikes5522 Uh huh huh-huh-huh
What makes me very angry is that the majority of ex council homes purchased through Right to Buy are now privately rented. This country is going to the dogs!
Rent in USA , 1 bed room 1,500 $ : 3 br. 3,000 $ . FUBAR Average wage 9 $ an hour , hard labor . ? !
I’m a student at a Manchester University. I can no longer afford rent in the city. I’ve moved back home to Wales. My commute into Manchester takes around two hours. Somehow the extortionate train prices are cheaper than renting a student accommodation in the city or the outskirts.
As a suggestion, You could move to Darwen, Bolton or Blackburn, only 30 mins on the train, although run down and depressing, very cheap and a worthy sacrifice rather than spending 4 hrs of your life on a train! Although TBH it’s also worth not taking the maintenance loan if you can!
Really sorry to hear that 😔
Do your education at home and stop whinging. If you can't afford to live there don't. It baffles me on how you move there but can't afford it and complain when you could have found out all this before you moved. Also blame your uni student friends who trash houses which makes landlords put the price up.
@@bndwh3lp For your information, I lived there for two years and saw how prices shot up, forcing me (and countless others) to leave our University towns and cities because we could no longer afford it. ‘Could’ve found all this out before you moved’ LOL, you have no idea what you’re talking about.
And you try and do your education from miles away. If you don’t have anything nice to say, don’t say anything at all.
@@rachelocunningham Pointless being at uni tbh, unless you're planning on being a doctor or similar. Two hour commute means no social life whatsoever. Might as well do the whole thing online, and if you're going to do that just scour UA-cam for videos + Library Genesis for books because online tuition is worth exactly zero. Save yourself fifty grand of debt. Absolutely tragic for you.
As someone who does not have family to live with it is insane to try and get your career started.
Rent+ transport (tfl is also the 2nd most expensive network system in the world)+ groceries + medical bills +other bills left me only 150£ each month for savings after I had received a promotion.
When my former employer and I discussed my payrise after a promotion and I mentioned the inflation and rising cost of living his response was "I don't see how that is my problem".... The other employees working under me where only able to work there for less because they still lived with their parents.
You shouldn't have "medical bills".
how you're left only with 150? I mean, even if you earn like a minimum salary of £25k in London, you should still be able to save up good £500 every month. Lower your expenses. You spend £350 on medical bills every month?
@@run-watch have you ever tried nhs physio, or having a difficulty that the shitty gp’s or hospital don’t recognise? That’s where you get medical bills
@@gricius how do you save £500 per month with a 25k salary in London? The average price for a room in 2022 in London ( if you are lucky to find one) is 900-1000 pounds ( yes, a room). It's not easy to find for less. The average travel card from zone 3 to 1 is 167 pounds. The average cost for grocery shop can go up to 120/130, particularly if you are lactose and gluten intolerant and don't have cheaper stores close to where you live. This is already 1197/1297 pounds depending on your rent ( and hoping the bills are included which is often not the case anymore as landlords are now not including the bills due to the costs).
Add a cheap phone plan such as giffgaff. To this you need to add other things such as toiletries, extra bills that are often not covered by your landlord and a small budget to enjoy 1 drink or lunch once a month...what a sad life. If you are lucky enough not to have medical issues that is already 1400 pounds. If you then add another 100 to your savings that is 1500 and this doesn't include multiple prescription charges or medical bills for urgent private care. You will be left with 100 pounds x month to pay for everything else. Even if you remove prescription charges and the cost of 1 drink and dinner per month, that will leave you with roughly £200/250 to go out, buy extra stuff you might need per month and that's even too much...most people have 80-120 pounds left after paying only rent/bills, cheap phone plan, food, transport.
Not sure where you get this £500 pounds from unless you are one of the lucky ones to still pay 500-600 pounds for a room in London LOL
Also don't forget many of us pay student loans and if you also pay for the pension scheme that leaves you with even less money. Many of us had to opt out from the pension scheme as we need that extra 80-100 pounds per month to survive.
@@Lyra94forever essentially, yeah. The increased rental prices at the moment are eating up all the money. But £900-1000 for a room in zone 3? C'mon. I agree, it's a difficult situation finding a room right now due to influx of students, but there are better deals, where you pay max £800 for a big-sized room, which my landlord just rented out in zone 2 in the west, which is generally more expensive than east or north. You can call me a lucky one then, because I rented a room for £700, and it was only this July. Travel is £80. Food can range from £150 to £200. I earn only £1600 a month (that's after student loan repayments and work pension contribution) and I manage to put away £500 easily if not more. Sure, if you're young in your early-mid 20s you want to go out often. I remember when I was this age, I used to spend like fricking £200 in one night out. Club entry fee, 1 gram of coke, drinks, uber. Now I value more passive lifestyle by staying at home, but you can call it sad life.
When you finally get a rental, and then 6 months later the landlord wants to sell. And then it happens again. and again, AND AGAIN.
as a landlord I have always charged a fare rent , I can not see how people can afford these new rents .With all the red tape from the government and to keep up with the stringent new requirements,and as my long term tenants leave I sell the houses {most of my tenants have been with me 15 years plus]
the problem is the monetary system the monopoly's and overpopulation
Man you seem like a good landlord, you probably don't have any properties in Worcester. As I'd prefer a landlord like you.
@@shanepatrick641 I have been ripped off so many times I,m glad to be out of the property game . sold another this week . Sorry but its impossable to be a nice landlord I have tried many times and always ended up being out of pocket . Best of luck with your house hunt
In US west coast cities people live in storage lots and under bridges. So that will be your future since they claim the west coast is a trend setter
Its no better anywhere, the northeast, southeast etc are all experiencing this. Its unsustainable.
landlords price gouging, it's not even about scarcity, it's about a climate of just ruthless profiteering
We have the same problem in my city in Australia. Even rough areas are really hard to get into you know with the shootings and your neighbours kid screaming out "stop hitting mum".
Interesting how Australia the UK, New Zealand, America ect are suffering from exactly the same problems at the same time
It's due to being all of them " anglosaxons". Anglo culture is very selfish, greedy and stingy
Landlord saying they are struggling while next to a million pound house and multiple sport car 😂😂😂…..
well i saw the smurk he gave so yeh that shows me he isn't in any kinda struggle
poor thing only has one Lambo, I hope he will buy another one soon :(
And you actually believe that set up is real ? The tax men would be all over him in a NY second like voltures.
Under the Tories, the number of new social rented homes has fallen by over 80%, so we are now building 30,000 fewer socially rented homes each year than when Labour left office. and labour were under building. but when u have a party of ppl like camaron who said why build affordable housing that just building for a labour voter
worse under labour.
@@888ssss lol never ceases to amaze me how ignorant some people are. Tories have created 3/4rs of our national debt and crashed the economy while feeding their mates billions...
@@888ssss it wasnt though was it with there public spending we got affordable housing, new roads, hospitals, an increase in nursing, policing, doctors, a NHS that was in the black, broadband through out the country. what we have have from over 10 years of austerity is lower manufacturing the selling of royal mail, the selling of of the national grind, NHS england falling into the red ,the drop in houseing to the point no affordable homes where built in a year, less police harsher laws on protesting, in 12 years the tories have spent more and racked up more debt than any labour gove combined. have you looked up what the deficit is. it is 101.9% so no it wldnt be worse under labour.
So the supply of rental homes has increased.
@@Nickle314 Perhaps you should watch the video again.
By making it more and more difficult, complicated and expensive to be a landlord renting a property the government has caused this!
I live in Turkey. More than 4000 kilometers away but exactly same situation. Government restricted annual rent increments. Landlords sell their houses to each other in order to reset this rent limit. :)
We need to stop treating real estate as a commodity
Like the Edwardians did in the UK when 95 percent rented ?
@@brianlopez8855 im not familiar with that!
My 25 year old son pays most of his salary £1000 to live in a small flat it's scandalous. 3 of my other sons have had to move back home wer'e living in Dickens time here Greedy landlords
Yes it's better to stay with parents forever. Rents too expensive now
As someone who started looking for properties after the rent freeze announcement in Scotland, it just exacerbated the issue for people who are looking to rent.
I’m a single mum with 3 young children. My landlord is selling and I can’t afford/ get a property so come October I’m not sure what will happen. It’s a worrying time for a lot of people
I just wish to point out, this housing problem doesn't only apply to "young people"
Exactly!
Very correct l made the same point in the comments section. I work as a full time civil servant but still cannot afford a mortgage but still renting and the rent is high.
Young people are easily manipulated to vote the way the system wants them to. That's why these TV programmes appeal to them.
@@goodlookinouthomie1757 Nah old, uneducated people are the most easily manipulated group; you can use a bit of fear mongering about how the "world is changing", and they'll be so scared they'll vote for any rich autocrat
It’s just not affordable
I am a RENTER and "I MATTER"
ITS TIME TO SAVE OUR NATION REFORM UK
The people are now, more than ever becoming aware that REFORM UK is the best choice for our nation.
They have constantly been giving us sound advice now for many years in relation to a multitude of issues relating to immigration, migrant crisis, current economic issues and sclerotic mindset of our politicians and was always shut down and silenced.
REFORM UK have been the voice of reason for many years and no one listened, well the people are listening now.
We can only hope Nigel Richard and REFORM UK continue to be tenacious and we, the hard working people of the UK stand and be counted and we may just see a time, once again, where are children feel safe, our communities are cohesive and our great British values are never again pushed so far from us that our very identity is eroded beyond recognition.
VOTE REFORM and show the current Conservative and Labour leaders that, WE the people have a voice and it is our,,,,, voice collectively that is the only voice that matters.
Stand and be counted if you matter
VOTE REFORM UK.
Interesting reply at 3:46 as to how the landlord justified high prices for accommodation " There are a lot of factors in there like any People view that landlords are just cashing in on rents but there are a lot of factors in there ,so there is a risk, like any other business . We are investing a lot of money and taking on take on a lot of debt on your head, and you've got those liabilities. So there are a lot of different aspects to take into account.
He said all of this wearing a expensive looking suit, standing next to an expensive looking Range Rover and Lamborghini. Now, he may not have owned any of these things and it may have been only for show but it not exactly making his case look like a strong one.
This situation is only going to end badly. These short term gains are creating a society in which there will only be losers. No matter how much money you may make you are still not independent of society. If it all turns into a dog eat dog situation where cash is king....... well it not somewhere that I'd want to live.
Thatchers politics have finally reached their endgame because of political apathy. Unless people take society, politics, ethics and doing the right thing for, ALL not the few , well, I don't see things getting any better soon.
Agree he was lying through his teeth! Nowadays all you need to do is set up an SPV to buy properties, protecting landlords as they are not taking any liabilities but the company!
LOL the guy has a Lambo but apparently, he has to raise the rent.... I literally smell shite through my monitor 😂😂😂😂
Not enough supply. Happening all over the world
In Ilford, Essex or London landlords are asking 6 months' rent in advance. Rent for a 1 bedroom flat is a minimum 1200/month. 1650 in central London. You have to be very lucky to get a place in London.
House share much cheaper
I am an immigrant from 3rd world island nation who now calls London home. When I was a child the kindness of fellow immigrants for my country help my parents save money by letting us rent their home/room for relatively low price which helped us save money and buy our own home. Now I pass on the same kindness. Two of my tenants over the pass 6 -7 years were able to save enough of their hard earned to go on to buy their own house. The tenants money savviness and hard work obviously out trumps my help. One of the tenant is a nurse(and her son) so helping them get a good footing on the social ladder provided happiness.
The English man with his fancy Lambo is driven by greed and vanity of needing to show off his status. What a primitive 21st century creature! One of the biggest problem with this country is people like those who forget their past. No gratitude and lack intelligence to realise importance of ensuing we pull up our fellow citizen who are loyal to this nation.
The government of this nation is run by fools but the people are also to be blamed for this crisis and the more chaotic one that is to come.
Well said mate
Manchester only for Indians ... Indians can pay any price
Funny how other people lectures on how someone else's smart and hard earned money should be spent lol
Wow. You've got it...May every Blessing be bestowed upon you!!
May your lucky tenants "Pay it forward!" just as you have...
Don't forget the climate con job.
Ban property investment corporations.
My daughter works full time in a good jobshe as a first class degree but has to live in houses of multiple occupacy in Manchester the prices are phenomonal
Some are very nice
Not just young people many are still stuck in rental trap. Landlords are definitely taking advantage as they put their prices up before energy rises. Its now whoever offers the most gets it, a bidding war like the one girl said. I live alone and 1 salary is just not cutting the demand in these prices. Hard enough for people with two average salaries
“they put their prices up before energy rises” exactly what landlords did
Maybe because landlords need to pay higher mortgage because higher interest rate?
@hui flora yes but I was saying that rents went way up before that happened. The stamp duty was removed to help people so then everyone wanted to buy a house at that point causing prices for houses to increase, many landlords decided to sell so now there was so few left to rent that those landlords saw the opportunity to increase rent due to high demand vs no properties.
Also 2nd point there are many landlords with the mortgages paid off yet those ones will put rent up as well because they can as that's what the prices are in the area
@@huiflora2188
Also higher property taxes.
It’s not just a cap on rent that is needed- it’s a cap on how many properties someone can own. Ffs
All uk is expensive the renting is ridiculous the government should be do something
@Bercilak de hautdesert well who is getting 38k a year the salary is too low and the rest is all up make you a conclusion
Can't believe the landlord took the interview in his front drive next to those cars.
In Germany, its not unusual that more than 100 people "apply" for a flat.
*This is likely a dumb question, but is there no such thing as 'rent control' in the UK?* Here in Ontario, Canada, a landlord cannot price hike like this to existing tenants. They're only allowed to increase a % (I think cost of living) when it's time to re-sign a lease. Now, if someone moves out, then they can raise it to whatever they want to a NEW tenant.
Yeah nothing like rent control here. Landlords can and do put rent up when you renew a tenancy but they can’t put it up midway through the contract or anything like that (that would breach the contract). But I don’t believe there is a limit on what they can up it at renewal, and herein lies the problem.
@@laurenr7545 What a shame. It's really heart wrenching for so many people having to make impossible choices: food, heat or shelter.
In England and Wales a landlord can raise a rent to the market level every year, once. There is a right to refer the change to a Rent Tribunal. We are seeing a steady increase in appeals but we find few are actually over the market level. Old tenancies enjoy a rent cap of 5% plus RPI on a review every two years and are typically 20% below market rents assuming good condition.
@@brianlopez8855 Thanks for the information. When it's permitted once per year, is there a % maximum? Or am I misunderstanding (several) news stories & documentaries when I hear "my landlord raised it again (they make it sound like it just happened x2 in less than a year) or "my rent was raised 100-200 pounds" - - I suppose it depends what the rent cost was to begin with.
@@Luna.3.3.3 yes, no cap on modern rentals, save for a Tribunal referral. There are caps on much older tenancies started before the early 1980's though but they are dying off when the tenancies end. Control applies to the particular tenancy and not the property.
When I was in Uni a few years ago the Uni had a department helping students to find a place to rent.