Rent crisis: half of renters just a month from losing home
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- Опубліковано 20 сер 2023
- More than three million people in England who are in work and rent their own homes don't have enough savings to pay their rent for a month, if they lose their job.
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Research by the housing charity Shelter shows just how many people are one paycheck away from losing their home - while millions more are struggling to pay.
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I know a guy who has 3 houses. He told me he didn't like going up on the rent, but has to do it because he can. In June, he forced a 12-year tenant out when they couldn't afford the new lease amount. It was a good tenant who had taken great care of is place while living there. Last week, he told me that the new tenant who is paying the fat monthly rent had already broken a water pipe in the house. The tenant had shoved a motorcycle into a storage area off of the laundry room and hit a pipe coming off of the hot water heater hard enough to bust it loose. Flooded basement, plumber, possibly a new hot water heater. Anyway, he was within $400 a month of being able to keep the trusted tenant, but would not compromise. Greed gives, and greed takes.
Greed is not the cause in all cases, however people must take care of themselves, plan ahead, many years living indefinitely still doesn’t mean u own the property!!! Plan for unexpected events such as owner wants to sell!
Bet he’s regretting it now 😂
Good serves him right
Yep greed catches up with you
@@cherryadeyinka6814 yep 😂
How can we say we're a rich country when significant proportions of the population can't afford basic necessities like food, accommodation and transport?
We’re a poor country with a small number of very rich people skewing the figures.
There’s plenty of wealth. It’s just in the hands of a small minority who own the media, run the Government and make ordinary people channel their anger at anyone below them on them on the social ladder, preferably those at the very, very bottom. Pathetic.
The royal family and the aristocracy are the rich parts of this country , ordinary people certainly aren't
Most of us are quite poor many people have lots of debt
Not rich. Just richer than most others , all relative.
She's not being difficult she's in a difficult situation with terrible odds. I pray she found a stable home for her and her child.
In Jesus name
She could always go back to Africa.
Doing so would reduce the house prices for us natives.
I bet she won't do that thought because it's always "me, me, me" with these people.
@@HaggisMuncher-69-420 That's not very nice.
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
@@derrickdavis7917 It might not be nice but it's true, is it not?
Less people in the country = lower demand for housing = prices fall, no?
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
You are right! I have diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
my advisor is ‘’ Margaret Johnson Arndt ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
in canada as well
@@nicolasbenson009 scammer. Please go scam elsewhere
Yeah almost seems planned 😂 housings is dead prices fall the big builders stop building. They have plenty of money to sit back and watch until it all goes back up again. House shortages are good business.
So sad, I really feel for this woman. Renting in London is becoming impossible
tons of landlords evict black tenants only
@@astroboirap- because they’re the worst tenants.
@@jimthompson9370 oh look the proto fashies are back online after their tea XD
@@MrSatnavatron I work for a property managing agent that rents to everyone. But once bitten, twice shy. 90% of the time, black sounding names are immediately told that the property is no longer vacant
@@astroboirap that is called systemic racism bud
Gosh my heart breaks for her, she seems like the sweetest person on earth, terrible shame people like her are in this situation
we have to house the migrants flooding intot he country every day
@@bigbinji6145 We have to house a Caucasian nurse Lucy Leftby in HMP prison who murdered babies. The tax payer is paying for her accommodation in Prison.
" people like her"? What are you implying?
This is a common problem now over whole of UK. Will take years to overcome. Here in Wales beggars are the norm now. Homeless in the shop doorways. UK has been ruined by financial greed and miscalculations. If we were still in the EU, it would be far worse as the euro currency would be now imposed as well as many other problems .
I see many towns up North where housing is real cheap due to the poor local economy. I am sure something could be done to provide new startup businesses in those areas creating a local economy. All help each other. Food for thought.
It’s like this in the US as well. It always baffles me that almost all of the apartment complexes being built are of the luxury variety. Like who can afford these places?
Same here
Successful people.
They aren't luxury. They just charge luxury prices
They expect people to live as roommates to afford the luxury apartments. My current mortgage is less than my previous luxury apartment rent. Gone are the days where one could afford a decent life alone.
Right. I legit google how ppl can afford these apartments cus a lot of ppl work regular jobs.
Same happened to me and my family a year ago here in the US. Our landlord sold his house for cash and we couldn’t find anything we could afford at the time. This is happening everywhere to so many families.
Absolutely. It's hard for renters when the rent has become like living in a luxury apartment, and the mortgages have become like living in the Hamptons
Yes, when taxes, insurance and other costs increase to a point that owning rental property is no longer profitable a landlord will be forced to sell. The biggest contributor to rent increases and loss of affordable rental property is governments and corporations taking more and more money from the rent equation.
I'm sorry to hear that. I hope you have found a nice place.
Honestly the landlord should of given it to him. I know this one landlord who is retiring, butt load of cash though. He started giving away his properties at the remaining mortgage.
@@dalton6108 Spoken like an entitled socialist parasite.
This has been a massive and growing problem for years. It is not an exaggeration to call it a crisis now. And what have our property-owning government done, other than to make it worse?
The media, housing charities and housing associations are as equally to blame.
Maybe being more proactive about half the planet arriving on our shores could help the problem.
all accomodation taken up by migrants
@@jimthompson9370Hear, hear!
@@rb1062Hear, Hear! How is one supposed to help others if one can't even help ones self. It's likr diving in water to save someone from drowning but then you remember you can't swim. The government needs to sort out it's priorities, it just isn't sustainable.
I believe the housing market is overpriced due to high demand, bidding wars, and challenges in land availability. The trend of wealthy individuals and foreign buyers paying excessively makes it tough for average people to purchase homes, potentially leading to a collapse. Housing will be taking a big hit and prices will drop
I suggest you offset your real estate and get into stocks, A recession as bad as 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 advice but get buying, cash isn’t king at all at this time!
You are right! I've diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
@@mariaguerrero08 this is definitely considerable! think you could suggest any professional i can get on the phone with? i'm in dire need of proper portfolio allocation
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I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon
When you are a renter you can NEVER get comfortable. Owners always have you by the throat and you have no rights. True Facts.
You are right!
Owner have you by throat?……did you feel that way when they rented THEIR property to you under contract for a certain time !!!!
@@yvonnegrant3736Some owners will take your money but not fulfill their contractual obligations. I have seen cases where the city evicted tenants who paid their rent but the owner didn’t pay the water bill.
She had the rights to live in somebody else’s property which they’ve bought or built with their hard earned money for a whopping 2 decades!!! 20 years!!!😅
I’d say that’s a massive privilege, and to think that the day would never come when she would be asked to leave is gross entitlement!
But I bet she’s “strong” and “independent” and “don’t need no man” though 😅
When you are an owner, you can never get too comfortable as well.
Did you not listen to the video that explained the owner is selling because of high property taxes??
Listen to the whole story, nothing is sacred, renting nor owning!
This literally just happened to my family and I. We were blessed to find a private landlord that were willing to work with us regarding the deposit, etc. this was a huge financial burden as most properties are run by management companies and are requesting astronomical amounts for deposits etc…. It’s crazy out here😔
I m glad to hear that for your family
Renting should be temporary, try saving up and buy something atleast...
@@brownnomad6805 I really feel like buying is a joke right now. Houses are super expensive in my area. We have other investments and it’s not property right now.
@@africamilton934 Investing in something is always better than nothing. But buying a property is best way to secure a home even outskirts.
I met a young woman who here in the US was going to have to pay 4,000 dollars to get her mother, her aunt, and herself into a place.
She’s been there two decades and he gives her a court order to leave ? That’s really sad
That’s the only way to evict her. Otherwise she’ll be ‘making herself homeless’ and the council won’t rehouse her.
Yep, she spent 2 decades paying off her landlord's mortgage. He will make hundreds of thousands profit £££ from the sale!
@@ifeyhome - and it was her choice to do so.
@@jimthompson9370
The only alternative was to be homeless.
Be homeless or pay off a landlord’s mortgage and still become homeless but later
@@ifeyhome Abolish private renting at this point. Landlords are scum and really exposes how evil some humans are.
She hit the nail on the head herself when she said it was naivety - if you plan to rent privately for the rest of your life good luck staying in the same property. She did well getting 2 decades out of that house
In the private rented sector, indeed! That looks a sizable house and likely a nice earner for sale.
There are no such issues in council/housing association houses where you can live in the same house for your life and the rent is controlled too.
Yeah it's madness to plan on renting for life. Even before this insanity of housing going up double in a few years recently, I grew up knowing that you need to lock something in by buying.
You are so right.
Exactly what I said out loud even before reading comments.
Absolutely.
She’s lived there for all these years and it still looks clean and tidy. I hope she finds a better place.
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
@@bubbajones4522what’s your home country? Are you a Saxon or Dane?
@@bubbajones4522this is her come country she lives, works and pay taxes
This is happening in the US as well. My sister was living in an apartment in a private home for 20 plus years. She had to move out because the landlord is selling his home because he can not afford the high real estate taxes. The rent prices are so high, she had to move in with me.
100 percent. My mom's boyfriend can't even afford a single room apartment in Rock Hill SC. SOUTH CAROLINA !!! THE RENT IS 1200+ FOR GHETTO LIVING
Tell them you are from Venezuela they find you a nice hotel room in Manhattan
I'm glad you are there for your sister.......
US UK NZ Japan Canada Australia And The Developed World Countries
Shelter is a human right.
What you gonna do with your right if there is no shelter available and you have no money ?
She should have gone to the council.
@@gambrydew2059Council will do nothing. Meanwhile, thousands of illegals arriving every day immediately housed.
all accomodation taken up by migrants
@@jesseanderson1904 so is it a human right to have your hard earned money taken from you to support others who demand their human rights.. I guess it never occurred to you where money comes from and what it represents... ? and now you run for the exit.... you are clueless... "government needs to build more properties" - and where does the money come for this... DUMBO
its all over the world, NOT just ENGLAND!
Not in Bulgaria, Czech republic, Slovakia, Austria, Serbia, North Macedonia, Poland, Denmark, Norway, Sweden, Finland.
@@OnTheRun96not in Poland?! Are you joking?!
@@OnTheRun96 It is absolutely happening in Norway.
Seems fine in Africa
When will people get it into their thick skulls - a home is only truly yours when you own it outright. If you rent, the house isn't yours, if you have a mortgage - the house isn't yours. You are borrowing it until it becomes yours.
Wow! Nothing "thick" about wanting a roof over your head, FOOL!
I think we all know that
Act like them,save$$$$$ over the years so you have options
In America even if your house is paid off you still have to pay property taxes so the house still is never yours
@@la6136my grandparents owned their own home and had to be relocated By the council due to the council owning the land it was built on the whole estate had to relocate they pulled the houses down to build a secondary school there
We have the same problem in Australia. To many people and not enough homes built in the last 40 years. Our “leaders” want to endlessly increase the population so they can get economic benefit from it yet didn’t bother to think where all these extra people were going to live.
Build them wjere? All the space near places of work are full
They did think about it. It suited them to increase rent prices at all costs, so that's precisely why they did it.
@@firstname4865he is talking about dole bluggers. You know the real Australians. Those that can trace 5heir ancestors to convicts. Don't you know they deserve everything
Its the same in New Zealand too!
US is no different. In LA alone skid row is triple what it was 10 years ago
Shameful when decent working people like this lady is put on this situation, where she may end up HOMELESS. and for the government spokesman to respond saying they have a good record......the only record this government have is a criminal record. A very comprehensive one that is! Shame on you Sunak!
Sunek is an Indian billionaire he doesn’t give a damn about any of you! You can’t rely on the government to fix problems for you they are all self serving lieing traitors.
Labour won’t fix this, it’s is a decades long problem. Knock sunak but where’s the money ?
@@coderider3022 There is NO Money - there is plenty of debt though. You warmongers have wars, death and destruction to do. Pay up and 🤐
No comment on why the landlord is having to sell after nearly 20 years. That is also a crisis as most these landlords only own the 1 house. They are selling to cover their own costs
@@robertjones2053 if they are a sensible landlord, after 20 years they should have paid that mortgage and should have no reason to sell. There is no way that, after 20 years, it is the latest interest rates that is forcing them to sell. I think the ones selling are because they have multiple properties and they took too much risk.
So we're now in a situation where mid-small time landlords are likely looking to sell. So you'd think "great, more houses ppl can buy" but then the people who want to buy a home haven't been able to save a deposit because of increased cost of living, stagnating wages and increasing rent. SO who will buy all these new houses up for sale? The percentage of the population who got even richer over the past decade. the wealth gap has never been wider. You know it's bad when even the middle class is shrinking.
The country is dying.
Bingo. Part of the blame lies with those self same landlords. Many many of them had mortgages paid off but kept increasing the rents to maximise their almost pure profits. Thus leading to a situation where their tenants could never save for a deposit of their own. Now the situation changes and they're complaining. But the thing is they've already extracted tens of thousands of pounds for barely any work themselves. And the sad irony is once they sell up, kicking out their tenants and maybe making them homeless, there's no one else to buy the house other than other bigger landlords.
@@IshtarNike The thing that makes it an interesting topic of debate is landlords are needed as not everyone can afford to buy a house. I'm not sure what the answer is.
People say rent control but then if you do that and there's no decent profit to be made, that again would put off smaller buy to let landlords off who purchase with a mortgage. So I guess that would further open up the market to those rich enough to buy places with cash or have a large enough of property portfolio to to deal with the reduced profits until the interest rates lower; although I don't see it going back to as low as it was before.
I have no stats to hand but i do wonder what the ratio of buy to let landlords with mortgages vs landlords renting out properties with no mortgages. I'm inclined to think there are more of the former and they're the ones facing financial pressures to increase the rent due to the rising interest rates.
Obv I'm not saying that landlords without mortgages don't do the same but i imagine the ones with mortgages have a more pressing reason to do so.
The government will buy at knock down prices as this situation unravels, housing the 500 thousands in hotel accommodation from other continents
@@moosky7344 You are aware that the 500k figure of immigration includes legal migrants such as students, ones granted work visas, ones who have legal means to apply for asylum e.g. ukrainians etc. your reference to the "hotel accommodation from other continents" is proof that you don't look into the numbers and just repeat stats from your echo chamber. Based on your comment you're probably referring to the ones crossing the channel which is very much the minority of that 500k figure you quoted but you proved my point that the media are successfully convincing people such as yourself that all immigrants are causing the issues in this country. Here's another fact that will likely blow your mind....when there is reference to expats living in other countries such as spain, Italy etc...they are also called immigrants by those countries🤯
When I was 19, I was renting my first flat (even though I was earning peanuts). At 24, I started buying my first home (still earning peanuts - this was before minimum wage).
Now my son is nearly 28, on a decent wage - the idea of him being able to rent (let alone buy) is just laughable.
Sunak wants Brits to breed more kids.
Don't.
If you're renting, you can never guarantee that you can stay in that home in the long term for an affordable sum. Dealing with this kind of crisis on your own is bad enough, to have to deal with all that uncertainty with children in tow is much worse.
Same with buying a place. Too many people on the knife-edge of being able to pay their mortgage. It takes one calamity - and that can push them onto the street. On your own, you can work things out more easily. With children in tow - much more difficult.
So, through inaction, the government has made it too anxious a business for a young couple to 'comfortably' afford both a roof over their heads 'and' start a family. Happening all over the world.
Bingo. That's why so many millennials and now Gen Z all over the world have decided not to have kids or are just kind of forced into. You can't get the basics on your own, so why bring someone else into uncertainty?
27 years old and in the situation as your son. My mom is very worried 😟 right now because she is getting older and things are getting harder.
if you go to the council for housing the top priority is pregnant and from overseas so i dont see how the system is working for us. i know ex army guys who end up homeless and get no help. good luck having kids, most women are gold digger snow bunnies or carpet munchers. its all done by design imo
As a Millennial in my late 30s I have never experienced a stable economy as an adult. I graduated just after the banking crisis, then came austerity, followed by Covid, followed by what we have now. Am I having kids, no way! I can just about maintain my own living costs (at least for now). I heard once that economies usually cycle between boom and bust, that boom part of the cycle sounds like it might be fun to try one day!
Probably a decent landlord who is probably in his 70's and wants to sell.Provided decent accommodation for 20 years.
The market is soon to crash with higher and higher interest rates, houses will then cost way lower, best get out while the going is good or you'll end up with negative equity, unfortunately tenants will suffer
Exactly
Awful, poor woman. So cruel and undeserved.
It would be interesting to hear a follow-up on how she has done.
She has lived there for twenty years, she has had 20 years to change the situation and maybe joined forces with her son to purchase a property of there own which would have put both of them in a better poisition in the future. London prices are extremely high and not affordable to the average working man , but affordable properties can be found elsewhere . They would be far more secure for the rest of thier lives.
You’re speaking foolishness what else is new. Since 1492!
@@marilynalexander5446 very unsympathetic comment.
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
This is like my biggest nightmare come true as a renter who has lived in the same apartment my entire life. Rents used to be high but over the last decade they have just become completely unnafordable for single adults. Thankfully I have a lot of savings but that will definitely not get anywhere near owning a home and it would definitely be quickly wiped out if I was now forced to use up almost 90% of my monthly paycheck for the rent alone.
They call it _capitalism,_ but its close cousin, _greed,_ is always nearby.
Your entire life renting in the same place? Get out dude, probably there's somewhere better, remember, you are renting, falling in love with the place you are renting is like falling in love with a cam girl.
Single adult? No kids...no one wants to hear u complain
I’m 58 and am soon in this situation as well. I can’t even afford a room with shared facilities on my salary
@@jimmyjay689huh? Single adult with no kids can complain if they want, we get hit with more than adults with kids, y’all get a nice little check so don’t complain!
Net, (legal) migration last year was 606,000.
We have never built enough houses in a year to keep up with that level of demand.
This will only get worse.
745000 now lol. They can’t add up
Meanwhile the gov is busy providing single rooms for newcomers :(
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
Have been searching for about 9 months now. There is NOTHING. Prices are even going up further. The situation in this country is ridiculous, and dire!
Which area are you searching in?
You might have to put boots on the ground and talk to people in the area you want to move. Online listing aren't always reliable.
@@MsJustice4ever All of west of London at this point
All over the world 🌍
Location is a massive factor almost never mentioned in any discussion about housing.
In the small town I live in there's plenty of houses to buy or rent at cheap prices compared to the UK average. This is because the areas wages are low so nobody wants to live here, so there's not much demand for housing.
One way of helping the housing situation would be to even up the economy more and give small towns like mine more true levelling up. Then people will want to come here and take up the vacant property.
A good example of how location affects housing is as follows.
In London you can have so many people chasing so few properties that you can be on £50k per year but struggle to find a flat which you can afford to pay a £2k rent on a month.
Yet here I am only earning £28k per year (which is a good wage for my town) but 11 years ago I bought my own 3 bedroom semi detached house, roughly 1800 sq ft, for £70k (worth about £130k now), on a sole owner mortgage. I've a monthly mortgage repayment of only roughly 1/8th of my after tax income.
If you want to be in such as London or another big city because of a higher paying job then you need to consider the higher cost of living in relation to that wage. A higher wage doesn't always mean you end up wealthier.
Spot on. Location makes a big difference 👍🏽
london is livable only as a really high earner, or in a council house.
I did exactly the same as you did moved north
Where are you living?
Well reasoned. And good for you.
The rental lobby seems to want it both ways. They complain about landlords taking homes that could otherwise be used by owner occupiers, whilst at the same time complaining about people having to move out when landlords are forced to sell up and the rental market shrinks in size.
Praying 🙏🏾 for her and her family
May she find a home
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
I’m being no fault evicted so my landlords can rebuild…
I can’t find another suitable home even as a disabled man.
I am sorry for you, may the 1 God guide you.
the true which is God, the Christian god. Remember Jesus died because we sinned.@@allykhan8594
@@tabularasa7775You've got a lot of issues. That comment wasn't harmful. If you don't believe in God, keep it moving. Why are you wrestling with someone you claim isn't real.
Try finding a wheelchair accessible home!
It's beyond a joke. No affordable housing to either rent or buy, no special needs options... We're all screwed and with cost of living crisis it's just squeezing us endlessly
@@tabularasa7775 it's not just initial access to property... Its kerbs, pavements, parking, door width, room size, bathroom access, bathroom size...
You literally need more space just to be able to move furniture around.
Cost of adaptations are insanely expensive as well.
@@tabularasa7775 we moved 9 yrs ago. Unfortunately we brought at a distance, my parent's only saw it once. I got there and was like WTF! Paid too much, can't move, some parts are just unadaptable.
Haven't had independent outside or bathroom access for 9 yrs, it broke my parents marriage and now mum and I are trapped
People talk about lack of affordable housing and there is a major issue, but it's really bad for disabled and their familial carers without private wealth.
@@tabularasa7775 it's really not like that for most of us.
motability requires person to pay them the dla/pip mobility component... Its a lease program and if you need wheelchair vehicle or adaptations it's not helpful or affordable.
1 in 3 disabled people already trapped in poverty
DWP admitted "major unmet needs" among disabled claimants BEFORE cost of living crisis.
Carers allowance is a joke, £76.75 per week for 35hrs minimum care and is deducted from UC amount
Equipment costs are extortionate, and we aren't given what we need but can't afford to buy it.
We're all struggling
@@tabularasa7775 BTW I think what you're doing with helping out is amazing...
This unfortunate woman spent 20 years paying off her landlord's mortgage & has nothing to show for it. Her landlord will be in receipt of 20 years house price increase & will likely make hundreds of thousands of pounds in profit from the sale
Exactly
She is incredibly naive. 20 years and never thought she would have to move? C'mon
I really hope that lady found a place to live before she was forced out of her home I really hope so and wish her all the best.
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
@@bubbajones4522what native population? They’re all in Benidorm!
I feel for this woman but I am seeing the same problem over and over. Millions have treated private lets as council homes. They've sunk a load of money into someone else's property to make it a home, while paying a massive monthly rent. This wouldn't have happened if governments had built more council homes and ended RTB.
Greed and Stupidity...
IF there were more council houses... the opposition would promise discounted sales to occupants... who would vote them into power... and no more council houses...
They're now proud property owners... but their children and grandchildren...and the millions of immigrants (legal, illegal, asylum seekers, genuine and bogus)... grow up and can't find or afford a place to live... and there's a demand for more council houses...
Greed and Stupidity... like homelessness... always with us...
Vote Zionist Labour at the next election!... Kier Starmer pledges < *_insert_* _bogus_ _pledge_ _here_ >... IF you vote Labour ...
(See what I mean?... Greed & Stupidity... always with us...😞)
I think its rubish how they have this barrier where if you as couple earn 40k ur forced to rent privately. This means they have to go live in private rent which makes it harder for couples to save money to buy their own. Whilst people on small earning having council flat will also never will buy a house. This means only the rich people own it and normal people stay out of reach to buy it.
right to buy is amazing. my friend, an african immigrant, was able to buy her council house. but she works. and she works and she studies to get a better job and she works at weekends and during holiday periods. i am looking at right to buy as my way of owning my own home. i rent but i might not be able to buy my own place. i am saving, but who knows? right to buy is awesome. but we do need to build more homes and stop a million people a year from coming here, legally or illegally.
@@catherinehume9193 No it isn't. Someone else could have had that council place. Why didn't your 'friend' realise that someone else could have had that property, and lived in it like she did. That property will never be replaced for someone else to rent.
this is the state agencies, they fuelled this high rent market as they make 10/15% every month from every rented property, how they are allowed to do this is the question
I'm afraid I'm voting for whichever party has a credible plan for housing and for public services. The Renter's Reform Bill is a sticking plaster, rights bestowed that renters always should have had. The Tories have caused this country to deteriorate so badly, it's barely recognisable from 15yrs ago.
i grew up in the late 90's early 2000's they weren't all roses and sunshine. irrespective, I agree with you about the next election
🤣🤣🤣 voting?! Yes that will solve the housing crisis 🙄 They are all in it together 🤣🤣🤣
Whichever party? None of them care.
The quickest solution to the problem is to stop increasing demand by freezing immigration. Are you really voting for that?
Good luck with that . Because no party has a credible solution.
I moved to France 7 years ago having found myself priced out of the market. Locally there are 600 empty social housing units. Private rents start at around 250€ a month for a 2 bed flat.
If only there was some method of grouping countries together so that you could cross borders and work in any of them without a work visa....you could even create a common currency to make it easier. Why has nobody thought of that?
@@random6809 That exists, It's called the European Union, with the common currency named EURO! You could have done that and work in all the EU contries, but Britain chose Brexit.
@@mihaimoroi6291
Whoosh!
Where? Tell us all where your area is please?
How good was your French when you moved?
Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
Who is your financial coach, do you mind hooking me?
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
@@MeaganGood-yn9wpCryptocurrency investment, but you will need a professional guide on that.
Facebook 👇
This is what happens when governments allow the "free markets" to behave without intervention. The same exact phenomenon is happening in American cities. It's a combination of NIMBY's and basically 100% of all new properties that manage to be built being 'luxury'. If you're a person who can spend $50k on rent, you have no shortage of options on where to live. If you can only spend $35k you need to become a real estate agent.
No! Governments must vnever interfere with the free markets. It always proves disastrous. The Govt failed to build more properties.
Developers are forced to make 20% of UK housing affordable. The problem isn't the "Free Market" but basic economics of Supply and Demand. The UK is an island with limited land which has increased by 10 million people in the past 30 years unofficially estimates put that figure at 20-30 million. Houses prices increased by 140% in the 10 years of Tony Blair which coincided with over 3 million immigrants. Now 26 years later we are allowing some 1 million migrants into the country while building 200,000 houses, ironically the local councils are still able to buy £600,000 houses for refugees. The logical solution to providing affordable housing would be stopping immigration, followed by a house building program. However, what will happen is 2 million migrants, 250,000 Homes and even more free houses for refugees.
@@woden3894🎯💯
@@woden3894 Exactly but no one wants to hear the damn facts. Official figures are well off on population. Evidence is everywhere look at the NHS and the strain! UK is fast becoming a dumping ground for all nations and the British people are suffering for it while our actual birthrates are plummeting.
@@woden3894 Limited land is not the problem. What you call government is simply a front for bankers, financiers and landowners. It is an oligarchy by another name. The whole idea that land is limited is absolute nonsense. A survey some years ago state that 1/3 of Britains land ownership is not recorded in the land registries. How does does this happen?
Bank of England policies have always been a scam to make the rich richer. Take the nonsense of raising interest rates to control inflation. If inflation is not due to houseowners having excess money to spend how does hitting them with higher borrowing costs reduce inflation if their expenditure is not the cause of the inflation?
This is heartbreaking, I hope she finds a place soon. I think some of us need to consider moving abroad. Sometimes it seems like there arent enough homes for everyone.
The thing is there are enough homes. They’re just not affordable
@@SarahHope883 😂😂😂😂
@@SarahHope883 to buy or rent?there isn't enough homes to rent and those that are, are unaffordable because of supply and demand
@@SarahHope883many homes also empty
We have too many people ....at a million more a year coming here ....
I’m in this situation. I’ve rented 25 years and never missed a payment, have a glowing reference, both hard working, but can’t get a place to rent. I live in the south east of England. I have a cat and a dog. I have a blip on my credit rating due to the pandemic and can’t afford 6 months up front.
My landlady has sold my house, she’s taking me to court tomorow.
The only option is living in a summerhouse in my mums garden. Wtaf.
Hahaha your problem not someone else!!!
What an evil thing to say. Very wicked of u
Honestly, my tip would be, to live like your homeless literally eat beans and toast and save every penny you can after a couple of years you should have your deposit. This is what I did I now have a mortgage.
A couple of years wouldn't get her a deposit.
@@random6809- it should do. Maybe not in London (I don’t know) but somewhere. Eating rice and potatoes for a couple of years is a rite of passage for many home owners.
Same here. 6 years of it. But property in London out of the question
@@jimthompson9370
2 years will not get you a deposit anywhere!
Thank u good advice
In a just world, all the Tory govts would be in jail.
Why? It was labours policies??? Btl was Tony Blair's idea and Gordon brown finished it off by his raid on private pensions and crashing the pensions market...
Work this out. If you were 45 when your pension got hit and you decide to be a btl landlord (this landlord was 2005 so labour). How old would they be now??? Retirment age with zero private pension and just the house as the only source of income. It's not hard mate to understand how we got here
😂😂
All governments not just Conservative!!!A Labour government will see us bankrupt, triple amount of new comers etc
What a sad state of affairs that even two-income housholds are struggling to afford accomodation. When I was a kid it was feasible for even single people on an average income to even BUY a home! Now people in the same scenario are lucky if they can even afford to RENT a place.
I would need to be working full-time and earning 3x what my parents did to afford the very same house we lived in 30 years ago. This country is broken.
That WAS then nothing stays the same.move on
That is the way it is now. Prepare.
That is not only in UK.
Happening in Canada 🇨🇦 too, I am literally 27 and can’t move out on my own.
27 too, it's a strange age for most. Hopefully things get better for you soon
Same age smh it’s hard
I'm 30 and told myself every year since 25 that I'd move out the following year. The goal posts keep moving as things get harder. Don't blame yourself, it's not your fault.
@@wattbenj thank you for kind words, yes i will not blame myself.
This is deeply depressing. Really unfair for this to be happening to people like her. And the sad thing is, it's happening all over the country. This housing crisis has reached a breaking point, and I don't see how much longer it's going to last like this. I really fear for the future of this country.
You are going to watch more and more people live in tents and then hear stories of people dying in cold weather. 1.2 million people arrive in a country every year. What did we all expect would happen? It's obvious that people would end up homeless
The days of Western countries are over. Asia is now the new powerhouse of economics.. All businesses are moving in that part of the world. The housing is booming. And the cost of living is much much lower! And if you move to Southeast Asia, the weather is another Big Plus!
@@grahamt5924 Agreed. Although, I think it's safe to say the blame lies with the goverment - current and previous - for not building enough affordbale housing, and essentially allowing for this crisis to happen.
@rightATRIUMZ Building houses is very expensive. The materials alone are very costly. As an example, it costs £25 000 for the bricks for an average house. When people talk about affordable houses, I always assume they mean heavily subsidised houses, mostly paid for by tax payers.
This crisis will not be solved by any government. This will only be solved when the UK is no longer an attractive country for people to move to and the amount of migration slows.
@AgentAO97 England has always been a difficult country to live in, that's why so many people migrated from this country. If life had been good here, millions would not have left for better lives everywhere else.
When was this high point in Western societies that you are referring to?
Spend 15 years paying off the landlord's mortgage for them and this is the thanks you get
Wanting ‘thanks’ is an emotional requirement. No one owes you anything. Just as much as you should thank them for allowing you to rent their property. It’s a financial transaction you chose to enter into. Nothing more.
@@jimthompson9370 so you think John should not only pay off his landlord's mortgage for him but he should thank him at the same time? I think 'you're welcome for me giving you financial security while you sit on your backside doing nothing to earn it' would be more appropriate. You seem to gravely misunderstand how 'thank you' works in most human cultures. You don't thank people while you're giving them a present. It's the other way around. Are you from another planet and confused about our human customs?
F landlords who exploited the housing market and crisis for money, totally ignoring the people s suffering. Well if unfairly evicted,? ,I certainly would not leave the place peacefully… nor tidy…….
@@taylorrichardson850 Not a smart move. Good luck getting another place to live when your next landlord calls your current one to ask what you are like. Next please!
Do you thank you landlord for them letting you live there? Why would you think they owe you a thank you?
This world is making me so angry. No one should have to go through this. Praying they find a good home
Whenever you rent you have to be prepared for anything because landlord could make changes at any time by increasing the rent, selling up etc. That’s the mentality you have to have, it’s not your home, you’re just living there.
How can you prepare if you are SURVIVING to live. Everything gone up 🙄
@@jenniferjuliana10 because if you’re renting, the reality is that it’s not your home so mentally you know that things could change if the landlord decides to make changes.
Thank u for saying that. What are renters thinking.prepare for anything
Tell your children that as well
I’ve said this again and again, in the U.S., the housing crisis has been caused by pure greed and “investors” treating housing as a product without any regard to what the greater implications are to our society. Government is complicit by refusing to set rent controls or limits on yearly rent increases (which should be tied to some objective measure like consumer price index). I foresee many rich nations becoming and looking like developing nations with “favela”-type shanty towns built by all the people who are priced out of their homes and extreme inequality with only the super rich living in expensive properties with fencing and security, similar to what you see in Brazil, Mexico, South Africa and the like. Just tragic!
Decades old third world problems catching up with so called first world countries.
And this is why so many people are desperate to BUY their own home , so no landlord sells the roof over your head . But both landlord and Tennant are in a sad situation.
All by design yet if you arrive by condom 4-5* hotels anyone getting it yet?
To be renting for 20yrs is ludicrous, surely one can amass a deposit in say, 5 years. She's just made it that more difficult for herself to ever purchase her own place.
Poor lady, hope she finds something. London’s had its day,. Everything happens for a reason, job loss/house loss. On to better things
I completely agree 💯 London has definitely had its day. The gentrification bubble will burst.... hopefully soon and serve them right!!
@@rebekahroyal2679 That's wishful thinking - it will never happen due to the huge demand on homes to live in in London.
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
Feel so bad for this lady😢 hope they find a home soon🙏
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
What is she moaning about? Whats the full story, 2 kids aged 20+ and at least 2 salaries - let me guess they want to stay in hackney or brixton at a cheap rent and dont want to downsize
Once she got the court order she is a priority on a council waiting list. That is clearly her plan hence why she sat in the property until the court order came through.
She will now get a rent controlled housing association house in London where "average" working people can't afford a house to buy. Not bad eh?
@@random6809 hit nail on head she's probably over 55.
Renting is Brighton is beyond unaffordable not even accepting council referrals. This is a serious crisis for ALL renters been worsening severely since 2016 there have removed all fair rent inspectors and all regulation on rent, there is NO limit on landlord greed. We need fair rent now. People need to march and protest together on this issue. Please write to your MP. Horrific situation to find yourself in.
I am a Brighton resident and can't believe what's going with rents, 3 bed house's for 1750-2000+ per month when wages locally are not anything special
@@nickbuckle646look at the mortgage on that house. I am Cheshire near crewe and my mortgage payments are about to go from 600 to 1400 so yeah your rent sounds cheap for brighton. 😂
Tough luck yoi have to make way for the new people coming in
get a council flat or move. its not too bad in Brighton knowing that there are countries where 1 average salary equals rent on a studio flat @@nickbuckle646
I don’t think you will ever see fair rent again, it’s called supply and demand unfortunately.
Thank you for covering this tragedy.
Meanwhile, some multi generational families share a home.
Poor planning
so sorry sweetheart but you have to leave London. There's 90% of the population that understand (me included) that unless we earn +35k we cant stay in London
The anguish and suffering of this tenant breaks my heart, I pray she finds something soon.!
The straw that broke the camels back was uncontrolled immigration which still continues
In Cambridge they’re building a lot of “affordable housing “ which no one can afford to live in. Even if you live in a social housing rent still have to be paid. Not everyone has Housing Benefits
Same in Maidenhead. They keep motivating high rise buildings but "affordable" 2 bedroomed flats going for £450 000 plus. Madness
@@honeybunch6473those are some seriously ugly tower blocks too.
Absolute eyesore.
And they want to fill the old golf course with more of that, guaranteed they don’t upgrade the roads to accommodate all the extra traffic, prob just put up some cameras to fine you
@@honeybunch6473same here in the US. They are only building "luxury" apartments here. A studio starts at 2600.00. We aren't even NYC or Boston. It's ridiculous.
Landlords leaving the industry in droves. More tax and regs and now 3X interest rates has made the industry unviable for most.
Terrible situation. Greed the only cause of this . Greed forcing property prices up so high, we now have homeless on the streets. My son's rent went from £600 to £1100 a month in the Medway area over two years. He has secured a mortgage for less than that now. He found a low priced property that needed many thousands spent on it. But it was the only way.
Not greed, just economy / cost of living. Il rent your car for £10 a month , sounds far to me ? Any more is greed on your part. That’s basically what your saying here.
This was caused by money supply increase for the flu
Got to make way for the new people coming in
@@coderider3022agree 💯. It's the way it is
U do whatever u have to, its called taking care of yourself and family
Here are some of the key reasons for the shortage of housing in much of the UK: (1) uncontrolled legal and illegal migration (2) huge increase in population (unsustainable) (3) misallocation and mismanagement of social/council housing whereby people end up living in properties they should not be eligible for and fraud (4) anyone in the whole world being eligible to buy property in the UK. As the UK is seen as a very safe place to invest in, with relatively low property taxes or restrictions, significant numbers of foreign buyers started moving in quite some time ago and this is ever increasing. Many of the properties are just investments and are not or almost never lived in and are not rented out. There is no point in politicians harping on endlessly saying that more housing must be built, if it is not protected for ownership or rent by UK citizens. Other countries such as Singapore, India and Switzerland do not permit foreign buyers of homes. (5) Government regards landlords as criminals and makes it harder for them to earn a decent profit. Almost no protection from abusive tenants. The Tenant Deposit Scheme is not fit for purpose and protects the tenant, even if they have caused significant damage. Unless the government gets to grips with the five points listed above, there will never be any improvement and the rate of homelessness will just increase.
Here is the key reason for the shortage of housing in UK: Rich pricks.
I met a lady on a tour in SE Asia she lives rent free in her father's house in London. She wants to move to Northern Ireland where her mother lives. Even wants the father to sell his house. I told her she is crazy. It's difficult for people to find affordable housing in London. Why would she want to move to Northern Ireland? I told her when I was growing up Northern Ireland was a very violent place with lots of bombing, and killings. It's the total opposite of London with its culture, museums, nightlife and everything most people enjoy being close to.
London has the most to offer in the UK.
Why does the dad have to sell up if she's an adult who wants to move to NI?
@@rewghob because her dad lives with a woman whom she hates, accuses the woman of allowing him to deteriorate with Alzheimer's. I think she got mental problems. She prays for heavy rain, wishes it can rain every day.
@@riyadougla539
"London has the most to offer in the UK."
Because you know all about what every other city and town offers, oh wait no, you are talking b0ll0x.
It’s not just because not enough social housing is being built, it’s also because social housing has been sold off. On top of that private landlords have also lost businesses/jobs due to lock downs so need to sell rented houses to keep their heads above water.
Notjing to do with 10 million new people
@@firstname4865😂😂😂 people don't want to face facts!! We haven't the land or vast amounts of money to build the millions of properties thus country needs and all the rest of things that's in a dire state. Next year we'll welcome over another million who will arrive to ease the problem, ooops i meant worsen the problem
😂😂😂
Also the government are lying and created the problem with their polices, they must know the problems they created by design, get them all out!!
@@firstname4865
Nope it’s got nothing to do with it
@@firstname4865
Blaming so called overpopulation is just eco-fascism
@@davidstrelec2000 sure sure
The very people who claim they are helping poor people are the same ones that make life the hardest.
How many of these houses are going to get bought by councils desperate to house illegal immigrants? Just a thought
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
It is sad for her but again when you rent you can’t expect forever access to a property that you don’t own so I can see it on both sides.
Well said.
I don't think you see it on both sides...
"Did you ever think that you'd have to move out?" "No". Bless her. I hope she'll be able to find a better place ❤
There is no incentive for landlords to maintain the house because of the recent rise of OPR, there is absolutely no way to pay off the mortgage except to either raise the rent or sell it.
In America property taxes are so ridiculously high that it keeps driving rents up. Therefore making unaffordable for most.
Don't forget insurance rates and association dues skyrocketing as well. Once landlords are forced to sell, corporations like BlackRock will buy them with cash because they don't have to incur the costs of interest or insurance. They pay cash and self insure. This is the globalist plan of "You will own nothing and be happy". I don't believe the happy part.
never in a million years try to find a place in london i moved out of london . the only way for to live in london they have to pay witch will never happen
The man from Shelter talks about the government failing to build enough houses. I am no friend of this government but we could never build enough houses for everyone in the world who wants to come here. This is not a matter of politics - its a matter of simple arithmetic.
Then get the government to build for UK ppl and let private landlords to provide for immigrants. Now, how long that would take?
@@joannabaker6398Not too long.
One pay day away from disaster...the story of my life😡it's a desperate state of affairs! God help us renters!
Poor people feel so sorry for them
Living in someone else house paying rent. Question: did you ever think you will have to move out?, Answer: No, and starts crying. People if you rent the house is not yours. You need to be prepared to move at any time. Keep savings, try to get your own place, always have a plan B.
Agree 💯
She’s lived there for almost 20 years come on she wouldn’t of seen this coming
Question: did you ever think you will have to move out?, Answer: No, and starts crying.
Amazing how you can read minds. Sure what you say is what's happening here. Not the fact that with her salary and her son's, they cannot find a new place to live, which is the bottom line of the report. The problem, always, is the person who suffers because, according to many, they don't "have a plan B." 🤮
@@greenbanana1001 2 years or 20 years….it’s still a rental ! Not yours !
Unfortunately if you rent you are only borrowing the property...it doesn't belong to you. It's sad but this is the reality of the world.
It is not only about rent most of the home states are in very poor and bad conditions 😢
That is not true. A survey was done in 2021 for the rent reform bill and found only 9% of private let's were below standard. 11% of social housing was and 7% of owner occupied homes. So they decided condition of property is not specific to private landlords. You can read the report on the gov website but it is like 300 pages long. I have read the whole thing for work... 😂
The Government has attacked the private landlord over recent years - its no wonder they want to sell up. The problem is the private landlord was filling the gap of the Governments lack of investment in social housing! What could possibly go wrong!
Half these people wouldn't qualify for social housing. They would be way down the list to new arrivals. She has a job and her son also works who lives with her therefore they are very low priority for social housing.
@@robertjones2053very true but I think what the main comment is highlighting is that these lists that expect abject poverty or urgent necessity shouldn't be operating like this and the government should care more about social housing and put more into it. Landlords picked up the slack and profitted off of people's literal human rights until the government decided to also make that too expensive and so now neither landlords nor the government care about people dying on the street
@@darowchdawg personally do not think it should be a governments job to house you. You create lazy people who rely on the state. You have a right to shelter not to a nice house. I think all council houses and affordable housing should be sold off and none more built. I then think we should have homes where women and children get a room and men live separately. You have to report to the front desk ever morning where you must apply for work and or do a job within the home. No money should be provided only basic needs.
@@robertjones2053 Move to North Korea then mate you'd love it
@@darowchdawg why. I am for less state control. Having council houses is the state controlling you. I am for personal responsibility and choice. What is your problem?
Alright then get rid of all state housing and those that fall on hard time live on the street. My idea was to give them the basics.
I do not think you understand what the difference is in politics and policy. Which is kind of funny and why we end up like North Korea. All socialism becomes a dictatorship...
So sad.. I know of two people personally that were renting and the owners decided to sell. I realize that's a risk renters take but it's just happening more and more and the prices for new rentals are ridiculously high for these people to have to pay.😔
Stoop blaming property owners who have right to sell their rentals
@@yvonnegrant3736 I wasnt "blaming" anyone.
We struggled to buy 35 years ago in CA, and I mean struggled, but it was the best decision we have ever made. Today we could never afford to buy our home since the value is insane.
@@dianehess5520 I also live in California and I've been in our home for about 25 years. I am very thankful that we have this house because my husband passed away October of last year and I could not even rent a one-bedroom apartment for what our mortgage taxes and insurance are. The home is almost paid for
And more will sell due Renters Reform Bill
Land Lordism rent inflation and the inability to buy your own home in the place you were born is the single biggest problem in London. 20 years ago my rent was 1/4 of my wage. Now it's half.
Yea, embrace socialism and invite more immigrants into the country. That will fix everything.
If you come to Leeds, you will be living in a large house for half the london cost
But limited job opportunities and lack of cultural diversity. I’d rather move abroad.
I am British, but have lived in America for almost 40 years.
This video makes me feel guilty...having my own 3 bedroom, 2 bathroom house, and living here all by myself..
Until l watched this video, l had no idea that the housing situation in Britain was so grim. ☹️
I have recently retired and am tentatively planning to move back to Northumberland after l sell my home here in Massachusetts.
This video has given me a lot to think about
before l make that move..🤔
Incidentally, l grew up in a 3 bedroom council house, and when Thatcher made it possible to buy your council house, my Father, a coal miner said no.. absolutely not. ..bad idea.
He actually forecast the future...said there would be a much greater need for subsided housing in the future..
Moreso when the Government drastically cut down on building new council houses in our area.☹️
Northumberland is still okay I think. The North East is one of the last counties with enough housing - obviously don’t take my word. I’m a Geordie who lives in Manchester but got family still there.
There are still lots of decent properties from £150k in the north of England. In some areas there are terraced houses for less. The north/south divide in property prices is huge. A one bedroom flat in London would sell for £425k which would buy a 4 bedroom detached house in the north. England is your home, your roots and welcomes you back 🙂
Why does a single person need a 3 bedroom house?
@@back2the80sa guest bed and an office.
@@AprendeInglesConStephen I'm from Newcastle. I'm living in an Air BNB in Eastern Europe because I were on the streets there. Its just as bad there.
This is why I am selling all my rental propertys .. After 30 years of low cost rents I am retiring from the business .... my son does not want to take over as to much red tape .. last year we made 3,000 pounds profit on a 300,000 cash layout .... when we sell there's 27.5 per cent tax ...... my tenants pay as much as they can afford ... but it's not worth the worry
Landlords are increasing rents because of new regulations costs, mortgages and the fact that everything else is expensive. Having reliable tenants, who work mutually with the landlord is significantly better than having higher rents.
It's too bad that her and her son can't buy this place because I can see how much she likes it. I hope things work out for them
this is the state agencies, they fuelled this high rent market as they make 10/15% every month from every rented property, how they are allowed to do this is the question
@@fernandadavid828she may not be through an agency, could be direct to her landlord
It’s incredible that this government has destroyed GREAT Britain. Poor women. I hope someone helps her. Why can’t she be helped but the people on boats get treated as VIP’s
First, it's incredible that the GLOBALISTS have destroyed western civilization.
Secondly, she is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
I'm sorry, but some of those questions the reporter was asking that woman were pathetic. 'How does it make you feel' and ' what are your fears'? This problem shows no signs of easing, which will be exasperated with other factors coming into play
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
I hope she finds something but 20 years renting? Wow
I know, to bad she didn’t buy it.
She is free to return to her home country where I'm sure the rent is cheaper. This would also free up housing for the native population.
@@bubbajones4522
1. there is no indication in the story she was not born in England.
2. A long term tenant paying on time with no rent arrears isnt what caused a housing shortage.
3. The fellow from Landlord Action seems to imply rising interest rates have some role, which suggests landlords arent properly capitalized and may be overleveraged.
@@briandfallon74 1. Her accent is North African. She didn't get that growing up in England.
2. Immigration does indeed contribute to the housing shortage causing costs to increase. Basic economics.
3. I am a landlord and I can attest that increasing taxes, insurance and maintenance are the main contributing factors in rent increases.. I have reduced my profit margins to try to compensate but once I no longer make a profit I will sell. Interest rates don't factor as they are fixed and don't increase.
@@bubbajones4522 how leveraged are you?
Immigration. The landlord's rather the immigrants/ students pay 500 quid a month + for a room. With 3 to 6 months rent in advance. How can a single parents compete with that?
Try not to be a SINGLE parent.... don't have kids until u can afford a decent place to raise them
There's about to be an enormous housing price crash. It's awful that the people who would most benefit from this won't have had the ability to save for a deposit because of rental costs.
It seems like we are on the verge of a huge housing crash.
@@markohenry5891 You mean we have too many people
There can't be a crash as demand outstrips supply. You lot are dreaming. Look at the prices of houses they have never been as expensive as they are now
@@anthonyfaucy2761 But no one can afford these inflated prices and only a madman would want to take out a mortgage now
@@realest-12 Thats the point. The government and banks will buy them up and then rent it out instead. Soon you won't even be able to buy or even own a house. The only option will be renting. The Great Reset where you'll own nothing and be happy
The UK is a failed state sorry.
It is sooooooo IMPORTANT to own your OWN home!!!
I pray something better is ahead , God bless ❤