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Some topical property porn TV where old people rent rooms at lowish prices to youngsters who are struggling to afford to save up a deposit due to high rents:

https://www.channel4.com/programmes/lodgers-for-codgers/on-demand/69666-002

The first episode features a couple of retired BTLers who bought in London in the mid-90s for £100-odd k, sold in 2012 for about half a million, then moved to a big house in Hastings for £200-odd k. They have 6 interest-only BTLs. They seem to both be public sector early retirees.

Interesting thing about the programme is that everybody old and young alike seems to acknowledge that property prices are ridiculous and it is harder for young people to buy than it was for previous generations. This is a level of recognition I hadn't really seen before.

Edited by Dorkins
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8 minutes ago, Dorkins said:

Some topical property porn TV where old people rent rooms at lowish prices to youngsters who are struggling to afford to save up a deposit due to high rents:

https://www.channel4.com/programmes/lodgers-for-codgers/on-demand/69666-002

The first episode features a couple of retired BTLers who bought in London in the mid-90s for £100-odd k, sold in 2012 for about half a million, then moved to a big house in Hastings for £200-odd k. They have 6 interest-only BTLs. They seem to both be public sector early retirees.

Interesting thing about the programme is that everybody old and young alike seems to acknowledge that property prices are ridiculous and it is harder for young people to buy than it was for previous generations. This is a level of recognition I hadn't really seen before.

The codgers have kids and grandkids - they don’t want to wait until they have died to see their kids and grandkids settled in decent homes they can afford to buy without an inheritance!

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3 minutes ago, MARTINX9 said:

The codgers have kids and grandkids - they don’t want to wait until they have died to see their kids and grandkids settled in decent homes they can afford to buy without an inheritance!

May be this is a warm up programme for inter-generational tax transfer? 

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1 minute ago, jiltedjen said:

Worth a watch? 

I was hoping for a show fronted by Kirsty and Phil where Gary Lineker, Yvette Cooper  and Lily Allen do their bit by taking in several lodgers to their homes and pay for their keep to alleviate the current pressure on rooms in four star spa hotels across the UK.

 

 

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Then you get the Mail running stories designed to get landlord outrage bubbling with disapproval of tenants

https://www.dailymail.co.uk/news/article-8678889/Tenant-staying-house-rent-free-amid-eviction-ban-says-forced-live-street.html

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1 hour ago, Dorkins said:

Some topical property porn TV where old people rent rooms at lowish prices to youngsters who are struggling to afford to save up a deposit due to high rents:

https://www.channel4.com/programmes/lodgers-for-codgers/on-demand/69666-002

The first episode features a couple of retired BTLers who bought in London in the mid-90s for £100-odd k, sold in 2012 for about half a million, then moved to a big house in Hastings for £200-odd k. They have 6 interest-only BTLs. They seem to both be public sector early retirees.

Interesting thing about the programme is that everybody old and young alike seems to acknowledge that property prices are ridiculous and it is harder for young people to buy than it was for previous generations. This is a level of recognition I hadn't really seen before.

This is a model that worked pretty well before the introduction of the AST in 1988.

Spare rooms get brought into use. The asset rich and cash poor - get cash. Those with a bit of money and no home - get somewhere to live, usually at an affordable price..

Both are free to terminate the arrangement without any effective notice. Whilst both continue to benefit from the arrangement, there is therefore an incentive to treat each other with respect.

With the coming problems - pension shortfalls, homelessness etc, I imagine we will see more of this.

Of course , the idea of a young raver bringing Covid into the home of am oldster is not ideal. But from what my parents say, there used to be essentially two models of lodgings - one was essentially a long term B+B, the other was more like an annex, where one might not even see one's landlady (or LL) for weeks at a time.

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1 hour ago, jiltedjen said:

Worth a watch? 

Not really, I pretty quickly got fed up of the old people trying to control the lives of the young people under their roof. Reminded me why my brothers and I all left home asap.

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1 hour ago, MARTINX9 said:

The codgers have kids and grandkids - they don’t want to wait until they have died to see their kids and grandkids settled in decent homes they can afford to buy without an inheritance!

I think that on average the degree to which old people want cheaper and more abundant housing for the young is quite small compared to old people's desire to be sat in a house with a high theoretical value.

Edited by Dorkins
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32 minutes ago, Dorkins said:

I think that on average the degree to which old people want cheaper and more abundant housing for the young is quite small compared to old people's desire to be sat in a house with a high theoretical value.

My experience is that people (old) get used to s as m area and don’t want to move, due to the inconvenience and fear of the new

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  • 415 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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