House prices
21 August 2014, 12:21 PM
#31
Then the is no market only landlords unilaterally charging whatever rent they feel like. I have to laugh at your post.
Yes it's true that landlords can charge what they want on the tendency agreement but it doesn't mean that they will get anyone to sign it. Contary to what you may think not all rental properties are BTL so the BTL landlords have to compare with non-BTL landlords for 'customers'.
You still haven't explained why BTL landlords are not charging more now. According to you they can just charge what they like.
Yes it's true that landlords can charge what they want on the tendency agreement but it doesn't mean that they will get anyone to sign it. Contary to what you may think not all rental properties are BTL so the BTL landlords have to compare with non-BTL landlords for 'customers'.
You still haven't explained why BTL landlords are not charging more now. According to you they can just charge what they like.
Last edited by jonc; 21 August 2014 at 12:22 PM.
21 August 2014, 12:56 PM
#36
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I'm afraid you have no argument. The rental market cannot just tolerate price rises to any levels that landlords see fit. People move overseas, move back in with parents, house share, this is the demand side of the supply and demand.
21 August 2014, 01:21 PM
#37
See, I told you that you'd be able to answer your own question.
21 August 2014, 03:37 PM
#38
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I wasn't trying argue a point, merely trying explain to you why landlords charge what they charge for rent. I have no idea where you got that idea that landlords can charge whatever they like. And now you've just stated what I have said all along, that the market dictates what is charged. Until you move overseas or back in with your parents, or house share, you will continue to tolerate the levels that landlords charge.
See, I told you that you'd be able to answer your own question.
See, I told you that you'd be able to answer your own question.
For any normal good the demand goes down if prices rise.
21 August 2014, 04:51 PM
#40
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Landlords charge whatever the market rate is, ie what people are willing to pay. When interest rates rises, you can bet landlords will pass on the rate increase to their tenants.
21 August 2014, 05:25 PM
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21 August 2014, 07:15 PM
#43
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21 August 2014, 07:20 PM
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21 August 2014, 08:11 PM
#45
Landlords charge whatever the market rate is, ie what people are willing to pay. When interest rates rises, you can bet landlords will pass on the rate increase to their tenants.
Yes it does but currently demand for rental property far exceeds supply hence why people are currently prepared to pay more.
21 August 2014, 08:45 PM
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21 August 2014, 08:49 PM
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No just simply asserted that they can pass on price. Apparently talk of rental agreements and contract is 'evidence' that they can pass prices on. You confuse the fact that prices can be increased (your claim) with the facts of their increase (the use of rental agreements).
Last edited by tony de wonderful; 21 August 2014 at 08:50 PM.
21 August 2014, 09:41 PM
#48
Look TDW, I'm not here to educate you, if you want answers on market equilibrium of the rental market, use Google. I've given you common sense answers but clearly that is not enough for you and I've gone as far as I'm willing to go on this discussion, well I say discussion but it's more like talking to a brick wall. There has already been countless discussions in numerous threads going over the same thing and it's clear you are not looking for answers, but merely to feed your obsession with landlords and property. We get it, you rent and clearly you hate it, but no one is forcing you to rent so get over it.
22 August 2014, 01:52 AM
#49
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On the subject of rents its often stated that they have increased drastically. I don't think they have actually.
Given the high price of property and low wage growth at the moment the only way to really get a good yield is with a HMO. It's something I've been looking into, basically I need to squeeze ten TDWs into one property and sharing kitchen and bathroom facilities to get that yield up
Given the high price of property and low wage growth at the moment the only way to really get a good yield is with a HMO. It's something I've been looking into, basically I need to squeeze ten TDWs into one property and sharing kitchen and bathroom facilities to get that yield up
22 August 2014, 02:21 AM
#50
On the subject of rents its often stated that they have increased drastically. I don't think they have actually.
Given the high price of property and low wage growth at the moment the only way to really get a good yield is with a HMO. It's something I've been looking into, basically I need to squeeze ten TDWs into one property and sharing kitchen and bathroom facilities to get that yield up
Given the high price of property and low wage growth at the moment the only way to really get a good yield is with a HMO. It's something I've been looking into, basically I need to squeeze ten TDWs into one property and sharing kitchen and bathroom facilities to get that yield up
Last edited by ditchmyster; 22 August 2014 at 02:23 AM.
22 August 2014, 03:38 AM
#51
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)I've been trying to avoid it but it may well be the only way forward in London. I have encountered people making a living from 'rent 2 rent'. They will pay you, for example, £1500 pcm for your house but then rent it to others at £500 pcm per room including the living rooms so for a 3 bed, 2 rec house that's £2500 pcm. So they'll make £1000 per house without ever needing to find the capital or taking the risk of actually buying.
Now that my dear TDW is a real rentier even in my books
22 August 2014, 08:04 AM
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Yup, we are back to that 'Rising Damp' type set up (if you are old enough to remember)
I've been trying to avoid it but it may well be the only way forward in London. I have encountered people making a living from 'rent 2 rent'. They will pay you, for example, £1500 pcm for your house but then rent it to others at £500 pcm per room including the living rooms so for a 3 bed, 2 rec house that's £2500 pcm. So they'll make £1000 per house without ever needing to find the capital or taking the risk of actually buying.
Now that my dear TDW is a real rentier even in my books
)I've been trying to avoid it but it may well be the only way forward in London. I have encountered people making a living from 'rent 2 rent'. They will pay you, for example, £1500 pcm for your house but then rent it to others at £500 pcm per room including the living rooms so for a 3 bed, 2 rec house that's £2500 pcm. So they'll make £1000 per house without ever needing to find the capital or taking the risk of actually buying.
Now that my dear TDW is a real rentier even in my books
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