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A New Breaking Point

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Arrears rocketing as rent rises, rather than reset the system the Bankrupt of England are looking to create another set of bankrupts to replace the bankrupts they bailed out. A financial dirty protest, smearing the excrement up more walls.

Rents rise as supply and demand favours landlords

http://www.guardian.co.uk/money/2010/sep/17/rents-rise-landlords-buy-to-let

Steep rent rises are forcing many tenants into arrears, a buy-to-let rent reports shows

Rents rise as supply and demand favours landlords Around 507,000 tenants in the UK are now behind with rent payments. Photograph: Alamy

Tenants are facing steep increases in rents as landlords push prices back to levels not seen since the start of the economic slowdown, according to the LSL monthly index of buy-to-let rents.

The worst increases are in the south-east where, according to LSL, in just one month alone landlords have pushed up rents by 2.8% – far outstripping wages. London also saw a 2% rise during August, with the average charged now standing at £961 a month. Over the year, the Yorkshire and Humberside region has suffered the biggest annual rise, up by 5.4% to an average of £528.

Rising rents are forcing many tenants into arrears. LSL estimates around 507,000 in the UK are now behind with payments, up 70,000 on the month alone. It said arrears stand at 11.3% of all rent in the UK, compared to 9.7% in April. LSL is the largest residential letting agency in the UK, operating under brands such as Your Move and Reeds Rains.

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Brilliant. So LL's are trying to pass on their rising mortgage costs but the tenants can't afford it? This is going to get messy...

what? With interest rates at 0.5%? Here's proof the system is unsustainable, if you ever need one.

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what? With interest rates at 0.5%? Here's proof the system is unsustainable, if you ever need one.

Have you seen BTL rates ? They aren't 0.5% Try 5.5%

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I really don't understand this crazy country, is it because people have never experienced anything different?

People appear content (won't say happy) to be paying upwards of 50% of their take home pay on rent. It's why I moved out of London, I found it obsene to pay most of my salary just to keep a roof over my head.

While friends in Germany and France tend to pay about 25-35%

A massive oddity is Hong Kong famed for its obsene property prices, it can get very expensive if you want it... but you can rent a 800sqft village house for $4000-7000 a month. Considering wages float from about $18000-$35000 a month. And you don't even start to pay income tax until you make $14000 a month, (certain exemptions can raise this to $24000 £2K a month)

Though averages are hard to measure because there are many ultra poor people in HK with 55% of the population in public housing (which is actually not bad)

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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