Thursday, Jan 24, 2019

Any minute now dozy landlords will realise that their tenants have been able to afford much more!

Graniard: UK rents fall for first time in a decade

Great to see further evidence of what nonsense the rents-rising-as-costs rise is.
The Residential Landlords Association is sticking to its guns though! Any minute now rents will start picking up, even faster now to catch up the unexplained lost ground...
Interesting to compare cost rises in food due to sterling devaluation. Profit margins on food are low as it is a competitive market, prices had to rise when input costs rose. Supermarkets would have empty shelves if they tried to pay their suppliers the same. The boot's on the other foot for landlords though, if they try to pass on their costs they'll have empty homes. And reduced costs, e.g. plummeting mortgage interest costs, certainly didn't feed through into lower rents.

Posted by mombers @ 09:32 AM (327 views)
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1. tenyearstogetmymoneyback said...

If house prices are falling, as is regularly reported it is obvious that rents should fall as well. I wonder how many tennants have now realised they could now actually afford to buy.

Off topic I tried to post a link to a BBC article about Falling prices but the site said it was a duplicate. Still no sign of it. I guess it was posted by soneone without an admin password.

Sunday, January 27, 2019 11:41AM Report Comment
 

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