Reply to: Tenants priced out of the housing market as rents rise

[DimPrawn]

Our team is mainly based in Birmingham and I like it here.

Then get used to rising rents, rising house prices, rising taxes, rising inflation, falling income and lower overall std of living. Probably for the rest of your life.

HTH

[AtW]

No, somewhere warm, cheap rents or property prices, that isn't in meltdown due to debt.

Our team is mainly based in Birmingham and I like it here.

[DimPrawn]

Like where, Newcastle?

No, somewhere warm, cheap rents or property prices, that isn't in meltdown due to debt.

[AtW]

Please do the needful and piss off somewhere sensible.

Like where, Newcastle?

[DimPrawn]

You should not be.

You are a living proof that rates need to go up and prudent home owners should not go bankrupt because of that.

FFS AtW, you have a business model that can be run from almost anywhere in the world, and yet you choose Brum in the UK, a bankrupt country with high taxes, high cost of living, and a poor overall std of living.

You are also single with no family ties here and no friends.

Please do the needful and piss off somewhere sensible.

HTH

[SimonMac]

So if I was to have a house with a low mortgage, that I rent out for a high price I could be laughing......



Oh wait that is EXACTLY what I have!

[shaunbhoy]

You are a living proof that rates need to go up and prudent home owners should not go bankrupt because of that.

And you are living proof that the BTL option is still a decent Plan B.

HTH

[AtW]

Ooh, let's see, about £700 a month. Boy, will I be in big trouble then!

You should not be.

You are a living proof that rates need to go up and prudent home owners should not go bankrupt because of that.

[OwlHoot]

And what would it be when rates go back up to 5%?

Ooh, let's see, about £700 a month.

Boy, will I be in big trouble then!

[TimberWolf]

And what would it be when rates go back up to 5%?

Express.co.uk : Cheaper home loans to stay

[AtW]

(My mortgage, for a one-bedroom flat in South Ken, is £500 a month BTW)

And what would it be when rates go back up to 5%?

[norrahe]

Told you so.

(My mortgage, for a one-bedroom flat in South Ken, is £500 a month BTW)

Which you could easily rent out for 2k a month without a problem in that area.

[OwlHoot]

The RICS said that 42 per cent more surveyors reported rents rose rather than fell in the three months to April. It added that rents in some areas have now risen so sharply that previously affordable homes are now unattainable to many, as an increasing number of renters are priced out of the market.

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AtW's comment:

Told you so.

(My mortgage, for a one-bedroom flat in South Ken, is £500 a month BTW)

[scooterscot]

I should really put the rent up for my 2 bed, currently 975 but I understand others in the area a charing 1150 to 1250

[MarillionFan]

It's not as if priced out people can move to tent city in the UK either. The only option seems to be to live in a van.

Or on a sofa.