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bill65

Rising Rents Pushes 100,000 More Into Flatshares

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QUOTE "Rising rent inflation has forced more than 100,000 more renters into the flatshare market over the past year, according to the latest research from easyroommate.co.uk, a flatsharing website.

The average number of renters living as flatmates or lodgers has increased since a year ago as renters abandon living alone to save on increasing rents.

Jonathan Moore, a director of the website, said that the low level of mortgage lending to first-time buyers had been a bottleneck for buyer demand, driving thousands of frustrated first-timers into rented accommodation.

"This has driven up rents in the wider rental market – driving down the affordability for many renters," he said.

A poll by the website found that more than 80pc of renters aimed to be a homeowner in the future. However, financial issues remain the main stumbling block, with 70pc of respondents saying they did not earn enough money for the mortgage they would need or did not have a big enough deposit. As a result, just 27pc of renters said they would be in a position to buy a home in the next three years."

"

From MSE forum

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QUOTE "Rising rent inflation has forced more than 100,000 more renters into the flatshare market over the past year, according to the latest research from easyroommate.co.uk, a flatsharing website.

The average number of renters living as flatmates or lodgers has increased since a year ago as renters abandon living alone to save on increasing rents.

Jonathan Moore, a director of the website, said that the low level of mortgage lending to first-time buyers had been a bottleneck for buyer demand, driving thousands of frustrated first-timers into rented accommodation.

"This has driven up rents in the wider rental market – driving down the affordability for many renters," he said.

A poll by the website found that more than 80pc of renters aimed to be a homeowner in the future. However, financial issues remain the main stumbling block, with 70pc of respondents saying they did not earn enough money for the mortgage they would need or did not have a big enough deposit. As a result, just 27pc of renters said they would be in a position to buy a home in the next three years."

"

From MSE forum

This is how markets work. If there really are 80 million people in the UK as some have suggested, not 60 million, then the way that the market puts more people into roughly the same amount of space is by raising the price of that space, forcing people to accept less. That, sadly, also means more landlords providing packets of space. No need for them of course if people can afford a whole house, which most cant anymore.

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I'm just shocked how quickly it's all happening. I mean, seeing the direct effects of globalisation, a declining West and the fruits 10-20 years of a growing Oligarchical system. It's all happening with frightening pace. The effects just weren't so obvious when we were booming and now... well, it's frankly scary.

Please someone tell me it's all going to be OK in the end.

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Was doing some ancestry research and it does seem my great grandparents were sharing when they first got married. Would seem things are reverting to 19th century living.

I think before too long it will be like Dickensian times, with multiple families per house. :unsure:

Edited by John Steed

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I'm just shocked how quickly it's all happening. I mean, seeing the direct effects of globalisation, a declining West and the fruits 10-20 years of a growing Oligarchical system. It's all happening with frightening pace. The effects just weren't so obvious when we were booming and now... well, it's frankly scary.

Please someone tell me it's all going to be OK in the end.

It's all going to be OK in the end.

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This is how markets work. If there really are 80 million people in the UK as some have suggested, not 60 million, then the way that the market puts more people into roughly the same amount of space is by raising the price of that space, forcing people to accept less. That, sadly, also means more landlords providing packets of space. No need for them of course if people can afford a whole house, which most cant anymore.

so a hypothetical 25% shortfall in the population estimate means we need 200% more housing, yeah?

f*cks sake

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Was doing some ancestry research and it does seem my great grandparents were sharing when they first got married. Would seem things are reverting to 19th century living.

I think before too long it will be like Dickensian times, with multiple families per house. :unsure:

They call them flats. You put a lock on the door to each room. A.k.a. HMOs.

Your children can socialise with your neighbours without having to venture outside!

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I lived in rented flat shares until I was almost 30, and that was a while back!

I didn't have much stuff, and it made financial sense!

I also learned to live with people!

It was not so bad! ;)

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I lived in rented flat shares until I was almost 30, and that was a while back!

I didn't have much stuff, and it made financial sense!

I also learned to live with people!

It was not so bad! ;)

no it's certainly doable, usually enjoyable and one must cut one's coat according to one's cloth. However, at 35, after 14 years of hard graft, I still barely have a pot to p1ss in Thanks low pay, thanks inflation (VERY noticeable recently), and thanks me for hating the dishonesty, corporate bull and abandonment of soul all required to earn decent money in this country.

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They just don't stop, do they? Oh noes, houses not selling so flats for rent going up in price - get buying!

Saying that rents are ridiculous, and with little rights as we all know. Really need to get building again, lots of countryside out there.

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I'm just shocked how quickly it's all happening. I mean, seeing the direct effects of globalisation, a declining West and the fruits 10-20 years of a growing Oligarchical system. It's all happening with frightening pace. The effects just weren't so obvious when we were booming and now... well, it's frankly scary.

Please someone tell me it's all going to be OK in the end.

You only really begin to notice the effects of globalisation when you are at the coalface. Otherwise you just plod along almost oblivious to it. I'm guessing you've been offshored or somesuch?

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I lived in rented flat shares until I was almost 30, and that was a while back!

I didn't have much stuff, and it made financial sense!

I also learned to live with people!

It was not so bad! ;)

It's been the norm for all of our history, with just a modest reduction in the recent boom years as TPTB 'helped people onto the ladder'. Even when war killed much of a generation, it left ordinary people living in conditions that wouldn't be tolerated today.

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so a hypothetical 25% shortfall in the population estimate means we need 200% more housing, yeah?

f*cks sake

I am not sure I understand. Where did your figures of 25% and 200% come from?

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I lived in rented flat shares until I was almost 30, and that was a while back!

I didn't have much stuff, and it made financial sense!

I also learned to live with people!

It was not so bad! ;)

Me too, I agree, not a nightmare and an necessity in London. Also, it was pretty much a laugh, mostly, until I lived with Toffs, prefer chavs to toffs.

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  • 276 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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