Isn't renting a good deal now?

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shaunbhoy replied

7 December 2006, 12:22
Originally posted by sasguru

There's nowt more boring than the housing market at the moment.

HTH

Except for perhaps the rental market.............and AtW!
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sasguru replied

7 December 2006, 12:17
The expected fall in house prices is not going to happen next year, at least in London, as a high proportion of record City bonuses (14 billion?) will be shoved into the housing market. Will that cause a glut of flats to rent? Who knows. Who cares.

There's nowt more boring than the housing market at the moment.

HTH
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Hart-floot replied

7 December 2006, 12:14
Originally posted by Francko

So there will be expensive houses and cheap rents? Is this sustainable in the long term? Or rents are doomed to go up?

Well in the US right now its House prices down and rents up.

You have been warned... doomed i tell ya....

http://www.telegraph.co.uk/opinion/m.../07/do0702.xml
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expat replied

7 December 2006, 12:12
Originally posted by Francko

So there will be expensive houses and cheap rents? Is this sustainable in the long term? Or rents are doomed to go up?

On the face of it, if it is cheaper to rent then people should leave the buying market and enter the renting market, so pushing rents up until a balance is reached. This might not happen if house prices continue to rise, or are perceived to be lilely to: then, people will buy houses rather than rent, even if it is cheaper to rent.

This will make house prices rise even more, thus persuading even more people to buy rather than rent, thus pushing up house prices......
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kramer replied

7 December 2006, 12:07
doesn't it depend on the elasticity of house price demand...
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Francko replied

7 December 2006, 11:32
Originally posted by wonderwaif

No, and no.
HTH

So there will be expensive houses and cheap rents? Is this sustainable in the long term? Or rents are doomed to go up?
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wonderwaif replied

7 December 2006, 08:50
Originally posted by Francko

Was just browsing the renting rates for London flats after quite a long time. I am actually amazed of how many good deals you can get, way cheaper than 2-3 years ago. Does this mean that the prices are doomed to go down? Was AtW right for the first time in his life?

No, and no.
HTH
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bobhope replied

7 December 2006, 07:54
With interest rates on the rise, the differential is only going to get wider.
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expat replied

7 December 2006, 07:46
Originally posted by Francko

Was just browsing the renting rates for London flats after quite a long time. I am actually amazed of how many good deals you can get, way cheaper than 2-3 years ago. Does this mean that the prices are doomed to go down? Was AtW right for the first time in his life?

After a period of renting (for reasons other than the property market) I am now going to buy (also for reasons other than the property market). Prices are bound to plummet in a little while.
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Francko started a topic Isn't renting a good deal now?

7 December 2006, 01:09
Isn't renting a good deal now?

Was just browsing the renting rates for London flats after quite a long time. I am actually amazed of how many good deals you can get, way cheaper than 2-3 years ago. Does this mean that the prices are doomed to go down? Was AtW right for the first time in his life?
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