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Renters: Do You Have A Breaking Point?

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I reached mine a while back....June 2015 - in my last move from one rental to another because the landlord wanted to use the property (so we had to move out). That was my last straw - it's such a monumental pain to move a family of 4 from one place to another, not least with the school being further away. I've now done 4 moves in 5 years (though this last move is emigration). Yep. That made me decide to emigrate and I will be leaving these shores next week. I just had a call from the letting agent of the property I've moved out from recently (in preparation to emigrate), and they letting agent completely dismissed any chance I would get my deposit back. I said to put it in writing, and give me an itemised list of damage beyond wear and tear. No thanks for being their customer, paying rent on time for a year. Just dismissiveness. This for me is kind of happy/sad feeling - happy that it's yet another confirmation I'm at least try something different because this is nothing like the aspirational image I had of "life in the future" when I was in my 20s looking ahead (in my 40s now). Sad because it's just so bloody depressing how we are all treated now.

Anyway, anyone else passed their breaking point, or maybe you have a deadline in mind to try something else other than renting (forced into buying at mega-high prices or emigration)? I truly wish for a massive HPC in the UK - see all those 3 and 4-bedders become affordable again for families, give kids a stable home, bring back the "breadwinner" family (remember that word, breadwinner?).

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Like you, I bailed ... and around June 2015 too! Though - unlike yourself - I gave up and bought a house on the Sinking Island. All for finding a stable home for my family (I, too, am 1 of 4).

Get that deposit back!

I made a costly mistake with the rental I moved out of - partly because I was so relieved at not being used by a landlord any more (replaced that with a bank) - that I disagreed with the deductions from rent the **** of a LL papered all over my deposit money. And this without even having an inventory of the place when I moved in.

So all the chaos of moving and changes at work and supporting an "Awesome Mummy of 2 Awesome but a-little-poorly-Twins" I let the time for formally opening a dispute lapse and the little **** of a LL got their deceitful pennies anyway ...

Just warning you so that you remember this in all the busy-ness of emigrating. The LL - quite possibly - will try to invent all sorts of spurious stuff to eek more money out of you ... but it is your money (fair deductions notwithstanding). Just be sure to assert thatit is *your* money before the deadline (3 months?) passes.

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I am quite depressed by it all at the minute to be honest, currently moving and the options are all pretty grim.

We could afford to buy but just can't bring myself to pay these prices with interest rates where they are. Unfortunately I can't see it getting better any time soon as most of my friends are all falling over themselves to borrow as much as the banks will lend.

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Do you require any sort of reference from this rental for your place abroad ?

If not - fight fire with fire. Threaten this - threaten that - all above board of course - do it to the point where they think - ****** it just give him the money.

Its what they do. ****** them.

Enjoy your new life anyway - where you off to ?

You immigrant scum !!!! :)

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We gave up and bought a couple of years ago after being made to move three times in three years, each time because the LL was selling. Just had enough.

Bought something that needed doing up and was relatively good value compared to what else was around, but still about twice what it should have been in a more sensible world. Dread to think what they'd have asked for it if it were now.

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My breaking point has coincidentally just arrived in the shape of yet another two letters, both threatening me with either legal action or breach of tenancy. First letter threatens that they will gain access with an injunction to do a Periodic Electric Test - that I knew nothing about!? Second letter claims that a communal bin store area is a mess and that, even though I've disposed of my rubbish without complaint or incident for almost five years (and even though new tenants moved in several weeks ago) they claim they will take action against me. I know it's nonsense and I'm led to believe courts require evidence...sadly, I can't take any more idiocy. I know only too well that I get absolutely no thanks for paying rent on time, etc....and I've paid over £40K for the pleasure of being spoken to like sh**).

I'm sick to death of all the letters, demands and threats from a jobsworth social landlord's agent - I despise the illiterate monster with a passion (you should see the appalling grammar, spelling mistakes and incorrect word usage in said letters; although some of it was amusing at first, the sheer amount of crap they send is shocking).

At least I have a way out from the disdainful way social housing tenants are treated...I've finally decided to buy, after more than 10 years of waiting for a crash, I simply can't wait any longer and have even started to eat into the money from the sale of my home in 2003. Where I want to buy is reasonable (oop North) and there have been small price drops lately...but I'll be seriously pi**ed off if immediately after I buy the market crashes...talk about caught between a rock and hard place :(

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Is the deposit in a protection scheme? My experience of disputing has been positive, it's free, super quick to initiate actoin, they statistically mostly take the the tenant's side in borderline cases, and it's up to the landlord to prove their case. They need to submit evidence and everything. You just fill in a form.

Tenants do have rights.

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We must have been lucky.

We've been renting for ten years, are in our third rented house, both the previous LLs have returned our deposit in full and I've no reason to believe that the current one won't.

All three LLs have treated us like valued customers. Mind you, they'd get short shrift from me if they didn't!

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Never had a problem renting, apart from in shared houses where I ended up getting stiffed on a grands worth of bills over the 4 years I was there.

Meh. Chicken feed in the grand scheme of things.

I've never had a rent rise anywhere I've lived either. Amazingly lucky. I've even offered more money in my current place, because I really felt that it was too cheap and was afraid they'd suddenly change their minds. They didn't take the money and I'm still here!

Breaking point would be a market where rents were completely excessive. At that point, motorhome time. At the moment my rent is (effectively) covered by dividend and interest income, though I obvs pay it out of paye income. It'd take a house price crash of truly epic proportions (66-75% off current prices) to get me to swap my liquidity and mutitude of investment choices now for a pile of bricks.

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I'm sick to death of all the letters, demands and threats

I really struggled to even face official letters; I always felt I was being bullied...letters threatening fines or prosecution if I didn't register on the electoral roll, fines for not filling in the census, letters claiming debts I didn't owe, letters for parking violations, letters from banks asking me to prove who I am (one asked to prove how I came by my wealth), rude letters from the TV licensing authority, threats to forcefully enter to inspect electricity meters and gas meters (they didn't check anything when they came). Letters from the LL putting up the rent 10%. I had letters from B.G. increasing the direct debits they were taking from me based on "reviews" and "predictions". I ended up over £1000 in credit with them, but then they said they couldn't give it back because the large amount was suspicious, or on other occasions the supervisor didn't have authorisation to refund more that £x00. Perhaps I have a weird personality disorder, but I just want to be left alone.

I've temporarily solved my problem, and I've been living al fresco for months now. It's quite a relief in some ways, but a strain in others, but the authorities try to get you even then. Canal boats are now out, but I might buy a camper van and do it permanently, with a little bit more comfort.

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Never had a problem renting, apart from in shared houses where I ended up getting stiffed on a grands worth of bills over the 4 years I was there.

Meh. Chicken feed in the grand scheme of things.

I've never had a rent rise anywhere I've lived either. Amazingly lucky. I've even offered more money in my current place, because I really felt that it was too cheap and was afraid they'd suddenly change their minds. They didn't take the money and I'm still here!

Breaking point would be a market where rents were completely excessive. At that point, motorhome time. At the moment my rent is (effectively) covered by dividend and interest income, though I obvs pay it out of paye income. It'd take a house price crash of truly epic proportions (66-75% off current prices) to get me to swap my liquidity and mutitude of investment choices now for a pile of bricks.

Similar situation and outlook, except that my rent has doubled in 25 years; it's still 75% of what a mortgage would be for the property, however. A motorhome would be my next move too, in absence of a crash in values of 50% minimum.

Edited by LiveinHope

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Best of luck canbuywontbuy, I hope to emigrate to Spain. Income would fall dramatically, big step. But I really do not want to stay here.

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Pass it. I tried the emigration in 2007 to Canada. File got deleted along with all the 250K Baghdad files that got moved to London courtesy of the their necon wars. Still not had my money back from application - can't file a debt claim against an embassy. Worse thing my job is on their NOC list and has been ever since Harper left office. F***'em all.

Commonwealth = ? and now to save money the Brits and the Canuck's share offices.

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For anyone thinking of emigrating to Europe, buying a motorhome and travelling around first would be an amazing way to find the perfect place to settle down. Just come back from 2 1/2 months in France and you can park up in most towns and villages for free or 8 euros per night. Spend a few weeks in one place and if you dont like it move on somewhere else.

Girlfriend and I seriously considering a move there permanently, not that I mind renting per say more angry and frustrated at what society is becoming like in the UK. I can only see the wealth gap increasing in England and France and Spain just seem 'fairer' to me where you can live a good quality of life outdoors. Might not be the case but thats what it felt like in the time we were there. At this point in life much better to have options than trapped in a huge mortgage.

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Having stepped off the property ladder in 2010 due to an iffy work situation, I cannot get back on it!! Quite hard to put money away.

Besides, I see flats in my area that would suit me for £110k but their real value to me is below £75k.

Very peed off with the situation. Now on the council housing register but will still have to endure a long wait.

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Having stepped off the property ladder in 2010 due to an iffy work situation, I cannot get back on it!! Quite hard to put money away.

Besides, I see flats in my area that would suit me for £110k but their real value to me is below £75k.

Very peed off with the situation. Now on the council housing register but will still have to endure a long wait.

Can you expand on how you calculate 'real value to me'. Is it not tangled up with the market price so deeply as to be the same thing?

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Wow, surprised to see so many others considering the campervan route. I should have been off a month ago but have decided to hang on and get my category C licence so I can get a pukka big one like a Swift Kon-Tiki or similar. I'll be off by September at the latest. I'm interested to know how you're all planning to make money on the road though- my only options at the moment are advantage play gambling, or agency work driving trucks/coaches, since I'll have everything short of class 1...

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Can you expand on how you calculate 'real value to me'. Is it not tangled up with the market price so deeply as to be the same thing?

Because he has his own individual view of market prices, and what he would buy at.

Other people have their view to market values.

It's a market, and values are changable, on a daily/monthly basis. Some see market prices as permanent high, going ever higher. Some believe can fall. Some believe can cascade. What is market-value today that some VI point to and behold to, might be very different market-value in 2020.

Some of us here believe values can fall. Although others in market been setting - for some time - higher and higher prices. We also have minds who see no hpc risk and want up to believe it's only forever HPI future. Look-there at the market price, and small island, demand, not-enough-houses, population growth (etc etc).

Some so defensive about HPI forever worldviews they try and do everything they can to put up human shields in front of their HPI positions, or/and to belittle those who believe values can fall.

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With Global Qe Running At Record $180 Bln Per Month and set to rise (possibly BoE)... on top of QE $£Y€Trillions from 2009.... that also having gone to having prevented HPC proper 2009, but brought with it new HPI insanity in many areas...

Many older owners and BTLers on the long wave mad-gainz, totally oblivious to challenges of renter-savers. So much 'feeling sorry' for the BTLers, buyers setting ever higher prices, and even the mad-gainz HPIers themselves.... with house prices generally at new peaks...

Breaking point? Yes; felt it a few times. If it hadn't been for Section24, and SDLT 3% BTLer/second-home-buyer surcharge, would have lost all hope of lower-prices / HPC. S24 is my everything now. Beautiful S.24 and the trap it implies on the HPI heads.

I reached mine a while back....June 2015 - in my last move from one rental to another because the landlord wanted to use the property (so we had to move out). That was my last straw - it's such a monumental pain to move a family of 4 from one place to another, not least with the school being further away. I've now done 4 moves in 5 years (though this last move is emigration). Yep. That made me decide to emigrate and I will be leaving these shores next week. I just had a call from the letting agent of the property I've moved out from recently (in preparation to emigrate), and they letting agent completely dismissed any chance I would get my deposit back. I said to put it in writing, and give me an itemised list of damage beyond wear and tear. No thanks for being their customer, paying rent on time for a year. Just dismissiveness. This for me is kind of happy/sad feeling - happy that it's yet another confirmation I'm at least try something different because this is nothing like the aspirational image I had of "life in the future" when I was in my 20s looking ahead (in my 40s now). Sad because it's just so bloody depressing how we are all treated now.

Anyway, anyone else passed their breaking point, or maybe you have a deadline in mind to try something else other than renting (forced into buying at mega-high prices or emigration)? I truly wish for a massive HPC in the UK - see all those 3 and 4-bedders become affordable again for families, give kids a stable home, bring back the "breadwinner" family (remember that word, breadwinner?).

No way buying mega-high-prices. Something else? Only in my dreams where I 'gain access' to one of those London foreign investor properties left empty, and take it over for my own family, acting like we belong there. There's a BBC detective drama show running at the moment, and in recent episode they 'gain-entry' to a lovely mews house, and the iffy foreign owner just left it empty as some investment chip piece.

Can't permanently leave UK for many reasons (including it would feel like 'runaway' for me personally.. which gives me opportunity to embed one of my fav tracks - and I'm fighting for as long as it takes vs UK HPI housing financialisation BTL bubble) . Although perhaps it's because I personally lack the courage to leave UK for new lands where more opportunity vs housing value. I respect those who do leave UK for opportunity, vs bubble house price situation.

Good luck canbuywontbuy. I seem to recall you have some humble ownership position in far-out Thailand.

Edited by Venger

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Can you expand on how you calculate 'real value to me'. Is it not tangled up with the market price so deeply as to be the same thing?

Would you buy a 4 quid Mars bar right now?

The efficient market hypothesis is proven incorrect every microsecond on the stock markets, so it's a pretty facetious argument that the market price is always representing 'value for money'.

The market can stay irrational longer then our lifetimes. But it is b up to you whether you think it is being rational and offering value. Jump on board. Miss the other ops elsewhere and sacrifice yourself at the altar of HPI.

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Good luck canbuywontbuy. I seem to recall you have some humble ownership position in far-out Thailand.

Cheers, and yes it's Thailand I am moving to, where I have some property. I've lived there before, know what to expect.

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Cheers, and yes it's Thailand I am moving to, where I have some property. I've lived there before, know what to expect.

Ladyboys and papaya salad ?

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Would you buy a 4 quid Mars bar right now?

The efficient market hypothesis is proven incorrect every microsecond on the stock markets, so it's a pretty facetious argument that the market price is always representing 'value for money'.

The market can stay irrational longer then our lifetimes. But it is b up to you whether you think it is being rational and offering value. Jump on board. Miss the other ops elsewhere and sacrifice yourself at the altar of HPI.

Exactly. I'm amazed people bristle against the idea that something might not be good value to me, and me alone. I would not buy a £4 Mars bar no matter how many people shake their head at me and borrow money to buy one. I might end up going to another shop (country) and buy a much cheaper equivilant. In fact, the "other shop" would show me a lot more about an alternative way to live your life.

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Ladyboys and papaya salad ?

Yes, absolutely. Absolutely. You are right. That's all there is there. When you get to immigration in Thailand, you just say "ladyboys and papaya salad" - and they stamp your passport.

Edited by canbuywontbuy

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