Monday, Oct 05, 2015

A growing voting block - no wonder BTL is under attack even by the Tories

Torygraph: Generation rent: the reluctant rise of the older tenant

"Silver-haired housemates still writing their name on their milk in the fridge? It’s the future, says seasoned tenant Hannah Betts "
Of course the taxpayer is picking up the tab for a lot of these rents (25% of private rents are paid in part or full by Housing Benefit), and probably all of them once these poor people retire.

Posted by mombers @ 11:24 AM (5799 views)
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8 Comments

1. libertas said...

Yes, a disgrace and liability. Promoted by sites like this trying to stop people from buying, and also a spoilt brat mentality whereby people refuse to buy where they can afford, choosing to rent where they cannot. A very short termist society, where housing is treated as a throwaway, disposable item.

Monday, October 5, 2015 12:44PM Report Comment
 

2. mister ed said...

@1
Ah yes, that perfect world where all the areas with cheap housing also have ample jobs and good schools. And everyone has wealthy parents who can bung them a nice deposit.

Is that coffee I smell?

Good troll, though.

Monday, October 5, 2015 02:38PM Report Comment
 

3. mombers said...

If only everyone would spend all their money on buying a house and not spending on stuff like meals out, holidays, clothing, movies, etc, all the enjoyable things in other words. Pity that this would require shutting down all the restaurants, hotels, i.e. the productive parts of the economy.

Monday, October 5, 2015 02:51PM Report Comment
 

4. El Hombre Dissipado said...

Vive la recouvereh!

Tuesday, October 6, 2015 02:48AM Report Comment
 

5. quiet guy said...

"sites like this trying to stop people from buying"

Really? A site who's origin was to point out that we'd all be better off if house prices were lower. I recall congratulations to several blog posters who announced that they'd bought a place in past years.

Tuesday, October 6, 2015 07:37AM Report Comment
 

6. mombers said...

I would suggest that what is stopping people from buying is prices being too high... The vast majority of people who can afford to buy have done so, nobody wants to be stuck in the private rental sector. Moving to a cheap area doesn't work if it means having to quit your job and take a much lower paid one, or increasing your spending on commuting more than you save on housing

Tuesday, October 6, 2015 07:55AM Report Comment
 

7. sibley's b'stard child said...

How dare these selfish people insist on paying off someone else's debt. They have the choice of reasonably priced housing but, oh no, they'd prefer to subsidise their landlord. Bastards.

While the subject of the article is hardly representative (10 years in academia, without income presumably?) it does suggest that this will be a problem that none of the major parties can ignore for much longer. Young people under 30? Sod 'em, they don't vote anyway. But people over 40? There's a headache for the tripartite.

Tuesday, October 6, 2015 08:29AM Report Comment
 

8. Rob Mk said...

5, Mombers is correct, friends said buy a place 15~20 miles from here its 10% cheaper, trouble is it would not have saved me anything.
Besides government seems that they don't want us driving every where and are taxing commuting as most have little option.

Tuesday, October 6, 2015 12:12PM Report Comment
 

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