Rent crisis: half of renters just a month from losing home
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- เผยแพร่เมื่อ 27 ก.ย. 2024
- 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?
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.
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
*Camille Alicia Garcia* is my adviser and she is 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.
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
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.
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 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.
You are so right.
Exactly what I said out loud even before reading comments.
Absolutely.
She most definitely over stayed
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
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!
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
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!
Don't have more kids but you'll want someone to look after you when you're old.
Would you like your son to abandon you to get paid to look after someone else?
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!
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🤯
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
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
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
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 🌍
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
@@OnTheRun96Prague has become quite bad, for working class people it’s no longer viable. 40% increase in rent over the last 3 years in the last apartment there I had.
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
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
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.
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?
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.
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.
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
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?
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.
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?
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 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’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!
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
So she should've bought? Or took that money and bought a mudhut back in Africa.
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
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.
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
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
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.
The UK is a failed state sorry.
All by design yet if you arrive by condom 4-5* hotels anyone getting it yet?
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.
Decades old third world problems catching up with so called first world countries.
We have to ditch the words ‘First World Countries’ that concept has outlived itself.
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.
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.
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!
@@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
@@robertjones2053 Move to North Korea then mate you'd love it
Good comment
Thank you for covering this tragedy.
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
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.
Landlords leaving the industry in droves. More tax and regs and now 3X interest rates has made the industry unviable for most.
Meanwhile, some multi generational families share a home.
Poor planning
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.☹️
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.
I left the .UK in 1980, the housing situation and people living in poverty was no different then, same story, rent to high, not enough government housing etc, this will never change there will always be this situation. It is up to the individual to provide for themselves not rely upon the government, save for a depo sit on your own home way before you start having children, buy in an area you can afford even if i t means moving to a different area or even a different country, have a small nestegg put aside that you can fall back on in times of need, control your spending forgo your overseas holiday etc. Do whatever you can its up to you to provide for yourself not the taxpayer.
"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 ❤
It is not only about rent most of the home states are in very poor and bad conditions 😢
The anguish and suffering of this tenant breaks my heart, I pray she finds something soon.!
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.
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 idea that you're living in a rental and you NEVER imagined you'd have to move out is absolutely nuts.
Thats because they have a stable income with 2 breadwinners and were once able to afford the rent and live way more comfortably but now due to the governments' corruption their wages no longer meet the demands of the exact same things they were able to meet a decade or less ago and even if they could it doesn't matter because the landlord is only evicting them because the government and bank of England have made it too expensive to even be a landlord anymore so.... yeah this is definitely all down to the stupidty of people who don't want to buy a house and rent long term. Definitely no other party at fault here lol
Yea, that's quite strange
She lived there for 2 decades man come on. If she was really in that bad of a financial situation she would have been evicted a long time ago
I do find her naivete scary; BUT, she lived there for so long, that she never believed it would happen (I believe; and obviously had a good relationship with the landlord).
How many landlords sell up after 20 years?
In many cases, you would expect that the landlord has already paid the mortgage, and the worse that can happen, is that the landlord would increase the rent, NOT sell the entire property!
A very sad situation. The London housing crisis is crazy.
So right 😮 what were u thinking year after year. Never saved it thought what u would do if owner sold house????
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 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.
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.
There was a time, not that long ago, that people married in order to live cheaper together. Even if two incomes were needed. Today more and more in the West people marry for a short time and separate/divorce when things aren't great. Before people learned to live together even when there were problems.
The lower marriage rate and high divorce rate creates two housing issues. #1 less income = less choices, higher risk. #2 separate households = need for more housing units which increases demand which pushes up rents.
Family values have detoriated at an alarming rate.
I pray something better is ahead , God bless ❤
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.
She NEVER thought she'd have to leave? Like, ever? After 20 years, obviously the landlord would sell eventually. She didn't save up to buy in 20 years?
exactly
I think if 50,000 illegal migrants can find homes, there must be lots of places. Another 50,000 will come next year, so there must be places for them. The goverment is not worried.
Exactly. It angers me that anyone being satisfied illegal immigration is biggoted and labelled right wing. Its the left wing and woke brigade playing politics and creating division instead of being realistic.
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
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.
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.
It's not a failure to build , it's also no cap on landlords buying all housing stock , all peoples disposable income has been paying towards landlords, the shortage of housing is an excuses, all these years the rate of rent is covering the buy to let's when they should be happy half their mortgage is getting paid , but for some reason the rate coincides with a full monthly mortgage payment, why should a tenant pay someone else's full monthly payments, when it's not their property
You dodged the real reason i see 😂
This is why u save over the years to obtain your own
@@yvonnegrant3736
Obviously, but what if your wage just covers the rent , looking after old parents , etc and enough left over whereby if you did save the little left over it would take another 15 years just to save a deposit
Your return comment is patronising, of course saving is key , but some people don't earn enough, should they be allowed to become passive income for someone else ?
@@thebeesnuts777 save as much as I can. 🛑 Blaming landlord for everything
Seriously? We all have choices, no one forces you to rent and live in someone else's property. You dont like the idea or paying full rent, then do not rent. It's their property, not yours, you can not dictate the rules. This sense of entitlement is very sad. Not every landlord is rich with hundreds of properties renting at high unreasonable rents, a tiny minority may fit that criteria.. The majority of those who rent out properties only have 1. The landlord could have saved for years to buy a property and took years of their own time and money renovating it themselves; or could be bought as their only form of income or pension plan. They could be a single parent who had to move in with relatives and rent it out as they couldnt afford to pay the mortgage. They could live elsewhere and rent off someone else. Or moved in with their elderly or sick parent to look after them and use the rent money as an income. You dont know their situation, plus even if they are rich and have other properties, who are you to dictate the rules and tell them what to do with their property. Are you willing to pay for a new 2k boiler if it breaks down or maintain/repair or replace factors such as plumbing; windows; roof repairs; electrics; new flooring; hob and oven repairs or replacements; any property damage; wear and tear; modernisation; gas safety checks; and taxs, instead? Would you go into a shop and tell the shopkeeper your only going to pay half price for your shopping bill? Put fuel in your car then demand you only pay half; or get a car on rental then demand half the lease cost back? How dare any of these businesses expect a return on their investment. Renting is no different, You pay the rent requested, the landlord covers his mortgage and you get unlimited use of the property without having to worry, sort or pay for any property repairs/maintenance/updates. What's unfair about that?
The problem exists in almost any 100k+ city, but it seems ten times worse in England. I live in Germany in a city that has built massive amounts of social housing since the 50s, like half the city is owned by this housing organization, I live in one of their flats, too, most are old but they're all kept in shape, we can just text a WhatsApp number if something is broken and it gets fixed within days, and the rent is acceptable. You also have to prove that your income is below a certain amount, so that no rich people take advantage of the lower prices. This is the only way to go, and our housing market is still in a crisis. No wonder cities like Munich have a situation resembling London, you'll have to pay like 1,5k for a small flat just so you don't have mold on your walls
My rental house was sold Dec 2022 and the new owners went up on the rent. They wanted the property vacant , but I literally had no where to go with the rent prices and being a single woman. The new owners let me stay but I’m barely making the rent and have fallen behind. It’s all so sad but it’s in God hand .
it's happening here in Canada as well. Direct result of interest rate increases.
Canada needs to bring back rent control
Interest rates, tax and insurance increases.
The truth is. She is a renter. She does not own the property. The landlord wants to sell HIS/HER property which they have the right to do! May be unfortunate for her. But it is what it is.
Two decades !! She literally paid his house off 😮
well thats her own fault.....alot of people who are renting apartments in nyc are paying the landlords other place off.
The very people who claim they are helping poor people are the same ones that make life the hardest.
I think it's too late for people like this lady but young people in the UK need to get out while they still can. Housing is being weaponised against us to transfer wealth upwards from the poorest in society.
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
One thing that kept rent down for a lot of years was favorable inheritance rules and parent child exclusions. In California, there was a parent child exclusion that allowed a parent to gift there home plus up to $2,000,000 of other real estate and maintain the Prop 13 tax nasis the parents held. It allowed property to pass hands easily from parent to child and sense no great costs were incurred, the children usually kept the established tenants and kept the rents low. It created a stable second income and stable living situation. Everyone wins. In 2021, Prop 19 passed. It excluded all commercial properties from the parent child exclusion. Now, only the parents home can get the exclusion and only if the child moves in. After they inherit the commercial property, most receive supplemental tax bills in $10k+ and annual tax bill goes up $10k+ too. Higher assessed value means the home insurance goes up. The kids often have to sell just to pay the taxes.
Exactly. Prop 19 was a scheme by realtors to get more houses on the market by forcing up taxes on gifted property.
Sad
This beautiful woman's story is very discouraging. There are so many people facing extreme raises in rent . I hope she finds something suitable or at least the New station will help her find something that is affordable. Everyone across the globe are going through difficult financial times right now.
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 sooooooo IMPORTANT to own your OWN home!!!
Living in her car for a short period, might be part of the process, but accept the process, and stay at peace.🙂👍
Being able to pay rent for two decades and yet some people would still argue that
" you can't afford a morgues "
Something is rotten in the system.
It’s horrible all around. Even if you are a good tenant you have no real security, bad tenants make it harder for everyone but overall the investment firms strong hold on the market and the demanding expenses of keeping your house as a small to medium landlord is insane causing cost to go up. In the end only the bigger corporations win. They grab all the small properties and convert them to luxury rental or Airbnb then say we have a housing shortage. Regulations influenced by their pockets are ridiculous.
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?
I am Japanese living in Japan. Half the population of USA live in in that small island and we have so many vacant rental house and studio all over. The rent, you can find from 200$ monthly. I am no joking. Of course it is tiny house, but it comes with sharing bathrooms and you can sleep under roof.
Why people don’t build new house in such a vast space in US if it needed?
You can't expect to stay in a house you're renting forever. You gotta plan for these sorts of things
How does someone rent in a house for 20 years? Basically you bought your landlord a house and now that you finished paying off his mortgage he’s kicking you out simple as that
People rent as they are unable to get a deposit together to buy a house. It isn't generally a choice, they rent and then can't afford to save for a deposit because they rent. Chicken and egg.
Heartbreaking. Can the government help her? I hope that she finds a place. This should not be happening 😑.
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.
You socialists expecting the government to save you are the root of the problem.
Government are doing zilch! They need to build actual council homes with decent standards & low rent. That would get the economy moving and support the countries citizens!
Unfortunately anyone who rents a house that is owned by anyone else is facing the same situation. No matter how long they have lived there,owners can sell or property owners may pass on and their homes may be sold by the new owners.This had happened recently to mobile home owners, owning their homes but not the land. Condo owners also and apartment tenants. Housing used to be considered a part of your living needs now it’s a luxury.
I really feel for this lady. For 23 years I have been a private landlord. I became friends with all my tenants . I even attended one of their weddings! The charity Shelter has been very anti private landlord in recent years. Today I sold my last rental property because of their attitude to the private sector. 😢
Well said.....
what did SHELTER do to you ??? i called them for help when i was evicted with section 21 2 years ago and they did nothing apart from pointing out different legislation !
This is a wake up call for many people. London is done, and has been for a long time. It's slowly been turned in to a city only for the rich for the past 20 years, but everyone just had their heads buried in the sand.
People blame landlords, but if your landlord's mortgages doubles because of interest rate rises, what do you expect them to do? Your rent will double, or they'll have to sell up.
Same thing in Old San Juan PR. 15 years ago I rented there for $400 and now it's over $1000
Exactly
So why doesn’t the government purchase some of these homes that landlords are desperate to sell, in order to solve several problems at once?
Sounds great but you would need a huge multi billion gov dept to manage it. Spend more on that that you would on the stock/assets.
if i was selling and i heard governments are buying from landlords ill increase the price bc governments have the cash.
@@hassannour1697Because you're greedy.
They are but illegal immigrants are getting them because they don't pay tax, proof of that is Folkestone council is doing just that, actual shocking
@@robertjones2053 Whether he's "correct" or not has nothing to do with whether he's motivated by greed.
Besides, where do you think the government gets its money?
I have a portfolio of properties in London and most of them I rent out as individual rooms (HMOs). She's welcome to apply for a room but I will only consider her if she is working full time, has a deposit, has a guarantor and can provide glowing references from a previous landlord....
Why a guarantor if she has a full time job and deposit?? You can do one
@@mattghostly5261because jobs can be lost
Allowing a woman and two children to stay in a room 🤣.
What kind of illegal HMOs are you running?
The previous landlord's reference should be good as they've let her stay there for nearly 20 years, but why would you need full time work, a deposit and a guarantor?
we need to nationalise your portfolio of properties sir. we need to house moms and babies.
I am sorry...This world is so chaos...
What they don't tell you is that most tenants on benefits are in major debt with their landlord, the council are aware and encourage the tenant remain in debt, stay in the home until the landlord obtains a Warrent which takes many month. This is why landlords do not want to rent to council tenants. Many of these tenants are also committing benefit fraud. The councils are aware and do nothing about it.
Isn't unlimited immigration wonderful
We've turned into little America. Work, work, work and still can't live.
Blame the government.
Rent was a lot cheaper and in fact I haven't increased in 10 years. It wasn't about the money but the government cracking down on new laws, making renting more expensive, which has trickled down to the tenant, unfortunately. Couple that with the rise of interest rates.
This is why I live in Thailand now it’s way more cheaper as long as you are making the dollar still.. my life has improved ten fold since I left the states